Rithmic's Convert to Market on Reject stop order

[Riptide]

I'd like to suggest Bookmap to include the option to use the "Convert to Market on Reject" for all Bracket stop orders for Rithmic.  The price action has become increasingly fast in recent years.  Time and again, my stop orders were rejected by the exchange when price go against me rapidly.  In which case I had to manually exit the position, far from the intended stop price -- costly.

I've tested Rithmic's Convert to Market on Reject (below) extensively in Live execution and I, along with other traders, believe this is in fact one of Rithmic's best strengths.  The time it takes to receive an order rejection from the exchange, then convert it to market order, and receive the order fill acknowledgment typically falls between 1 to 10 ms.  That implies for most situations, the order would be executed as if it was never rejected in the first place.

I'd also be interested if this is an feature that can be implemented as a separate jar/api plugin. 

Bookmap bracket order.png (2.45 KiB) Viewed 3788 times

convert to mkt on reject.png (37.43 KiB) Viewed 3788 times