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Stop loss and stop limit orders are brokerage features.
by robjan 7y ago
Stop loss and stop limit orders are brokerage features.
- kasey_junk 7y agoInterestingly when I was still writing trading platforms you would be dead wrong. But in the last few years at least nyse & bats no longer offer stops. https://www.google.com/amp/s/www.cnbc.com/amp/2015/11/18/why-will-the-nyse-stop-accepting-stop-orders.html https://www.google.com/amp/s/www.cnbc.com/amp/2015/11/18/why... Lots of other exchanges still offer them https://www.cmegroup.com/confluence/plugins/servlet/mobile?contentId=78447015#content/view/78447015 https://www.cmegroup.com/confluence/plugins/servlet/mobile?c... I’d be curious how brokerages actually implement stops on exchanges that don’t offer them natively because synthetic stops have notoriously bad edge cases.