LindeX Limit Orders

When I've used LindeX in the past, I've always wanted the money in hand fairly quickly, so I've used the standard +/-1 from whatever the current highest/lowest rate is. But I've always wondered about those orders at the extreme ends of the continuum. Do those orders ever get filled, and if so how long does it usually take? Is it worth going for +/- 5, or 10, or 20 if you don't mind waiting for the money? Or are those orders at the extremes just pipe dreams, people putting the order in just in case the exchange rate ever drops (or rises) sharply?

I think those are pipe dreams. +/- 2 is reasonable. I had a sell order go through at 264 the other day. It has taken weeks for that to happen. Normally there are millions for sale at 265 or the people rushing to sell at 266.

You can see the Highs and Lows of the day in the market data. They've been the same for a long time. Those at the extreme end are just dreaming and hoping. There's too many money dealers making money off the 11 linden spread between the limit buy and limit sell prices for the price to ever move beyond the current levels. It would take a ridiculously large volume spike to move past the current levels.

I suspect that those orders are not likely to get filled for a long time.

It might be used by some people as a form of 'bank' though -- if you have a few 10,000's of L$ laying around and you don't want them in your account but you might need them later, put them on a limit sell order with a crazy exchange rate. Then when you need the money, cancel the order and the L$ go back into your account. Sort of a safe 'limbo' where your money can sit.

-Atashi