By Matt Dalgleish | Source: Riemann
Orders filled this week on the Riemann platform for the middle of the year in both the 19 and 21 micron categories.
Early July tenor saw the 19-mpg trade at 1400¢ and the 21-mpg dealt at 1400¢ for maturity in mid-July 2016. This week also saw some growers taking advantage of the ability to place linked orders across different micron categories enabling them to access buyers within the different micron categories for the same clip.
These linked orders are called OCO or “one cancels other” orders and there is no danger of getting hit on both sides of the order as the other leg is automatically cancelled as soon as the other linked order is dealt upon.
For more information on how to use an OCO order please call us at Mecardo.
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