On the back of many requests, we have now launched Stop & Stop-Limit Orders for Stock & Stock Index Options listed in the US and across Euronext Markets. This enhancement is an extremely relevant tool for risk management and order entry in these highly volatile markets.
A stop order will be triggered if one of below 3 conditions is met:
- A stop order to buy (sell) will be triggered if two consecutive quoted offer (bid) prices are greater (less) than or equal to the specified price level
- A stop order to buy (sell) will be triggered if the quoted offer (bid) price is greater (less) than or equal to the specified price level and the offer (bid) size increases
- A stop order to buy (sell) will be triggered if the quoted bid (offer) price is greater (less) than or equal to the specified price level.
Note: The trigger mechanism will prevent triggering a stop order based on a sudden widening of the price. However, it will not prevent triggering the order if the prices reflect market conditions.