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Enron Mail |
Further to Louise's suggestion:
On selecting "Create Price Limit Order" from the submission window, a link should appear titled "How Price Limit Orders Work". Suggest a location immediately below the bar containing the "Create Submission" and "Create Price Limit Order" buttons. When this link is pressed, a popup window should appear containing the following text: Price Limit Orders allow you to place an offer to buy or sell at a price which is not currently available. If the price you specified becomes available on EnronOnline, the system will automatically try to fill your submission and a transaction may result. Your submission may be filled partially or completely depending on the volume available. This submission will remain active until the earlier of (i) the expiration of the hours and minutes you specify in your submission, (ii) Your cancellation (by highlighting the submision and pressing the cancel button on the main screen), or (iii) the end of the day. The submission will not be withdrawn by your logout. Price limit orders are processed automatically by price and then by timestamp. Therefore, if other price limit orders for the same price have been submitted before yours, then they will be filled before your submission is filled. This can result in other transactions completing at the same price as your price limit order, while your price limit order does not complete. ---------------------- Forwarded by David Forster/Corp/Enron on 08/24/2000 07:56 AM --------------------------- Louise Kitchen@ECT 08/24/2000 07:45 AM To: David Forster/LON/ECT cc: Subject: Re: Price Limit Order Language DAve - this won't work its too long - you need a phrase -"How this works) which is a hyper text link to the majority of this wording CAn you please sort out. Teresa Smith@ENRON 23/08/2000 18:56 To: Louise Kitchen/HOU/ECT@ECT, David Forster/Corp/Enron@Enron cc: Subject: Re: Price Limit Order Language How do you want us to handle the price limit order submission text? See Mark's e-mail below. I believe in the meeting this afternoon we talked about reducing the amount of text in the submission screen and creating a link to a separate section for the remainder of the information. -Teresa ---------------------- Forwarded by Teresa Smith/Corp/Enron on 08/23/2000 06:48 PM --------------------------- From: Mark Taylor@ECT on 08/23/2000 03:34 PM To: Teresa Smith/Corp/Enron@Enron cc: Subject: Re: Price Limit Order Language ----- Forwarded by Mark Taylor/HOU/ECT on 08/23/2000 03:34 PM ----- Mark Taylor 08/23/2000 02:38 PM To: David Forster/Corp/Enron@ENRON cc: Subject: Re: Price Limit Order Language Dave - my comments are below in red. I'm assuming that "end of the day" is the end of the trading day, but this seems a bit ambiguous since the trader in Japan may be thinking about a different "day" than the trader in London, etc. Will the orders be cancelled if our trader removes a product during the day and then reactivates it? David Forster@ENRON 08/21/2000 05:57 PM To: Mark Taylor/HOU/ECT@ECT cc: Mark Dilworth/LON/ECT@ECT Subject: Price Limit Order Language Mark, Further to our conversation today; How is this? You have offered a price limit order for aaa mmbtus of yyyyy at a price of xxx. If the price you specified becomes available on EnronOnline, the system will automatically try to fill your submission and a transaction may result. Your submission may be filled partially or completely depending on the volume available. This submission will remain active until for the earlier of (i) xx hours and yy minutes from your submission, or (ii) until you cancel it (by highlighting it and pressing the cancel button on the main screen), or (iii) the end of the day. The submission will not be withdrawn by your logout. Price limit orders are processed by price and then by timestamp. Therefore, if other price limit orders for the same price have been submitted before yours, then they will be filled before your submission is filled. This can result in other transactions completing at the same price as your price limit order, while your price limit order does not complete.
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