Stop Limit definition

Stop Limit will mean either an order to place a place a buy or sell limit Order at specified level if the future ask or bid price reaches the value indicated in the Order.

Stop Limit means a market Order whose activation is dependent upon a specific rate being reached or surpassed (i.e. similar to a Stop-Loss Order), but that will be deactivated once a second rate (i.e. the limit) is reached or surpassed.

Stop Limit. Orders: A stop limit order is an order to buy (or sell) that becomes a limit order to buy (or sell) at the limit price when triggered. Stop limit orders, once triggered, may or may not execute depending on the market for the security. In a fast- moving, volatile market, a stop limit order may not get executed if there are no buyers/sellers at the limit price. Stop limit orders are intended for investors who seek to maintain control over the price at which the order should be executed but do not need to be guaranteed an execution once the order is triggered. “Trailing Stop” and “Trailing Stop Limit” Orders: A trailing stop order is a conditional order that uses a trailing amount, rather than a specifically stated stop price, to determine when to submit a market order. The trailing amount, designated in either points or percentages, then follows (or “trails”) a stock’s price automati- cally as it moves up (for sell orders) or down (for buy orders). Upon submission, the trailing stop order remains in force until it’s triggered by a specific change in the inside bid price (for sell orders) or the inside ask price (for buy orders). A trailing stop order creates a market order when the trailing stop loss level is reached. After the market order is submitted, it generally will result in an execution, but there’s no guarantee that you will get any specific execution price or price range. The resulting execution price may be above, at, or below the trailing stop’s trigger price itself. A trailing stop limit order will send a limit order once the trailing stop price is reached, meaning that the order will be filled only at the current limit level or better. In a volatile trading market, the market price of a stock could move in one direction through the trailing stop price and limit price. For a sell order, this means that the price could keep dropping without filling your order and your losses will not be minimized. For a buy order, this means that your order will not be filled despite the price moving higher. It is also possible that a volatile stock could move in one direction through the trailing stop price and then quickly change direction on the same day. For a sell order, this means your limit order would be triggered and possibly filled, even if the market price ends up closing at the same price or higher than it opened. For a buy order, your order would be triggered even if the market price closes at the same or lower price than it opened.

Examples of Stop Limit in a sentence

• Therefore, Stop Limit and Stop Loss Orders cannot guarantee the limit of loss.

• Therefore Stop Limit and Stop Loss Orders cannot guarantee the limit of loss.

• If an Order is a Stop Limit Order, the full collateralization requirement will be measured from the point where the stop price is triggered.

• Stop Limit means an order that is similar to Stop Loss order with a difference that it activates a Limit order when market rate condition of the stop price is met.

• Moreover, the current price is less than the price that, when reached, will cause a pending order to be placed; ● “Sell Limit” - an order to open a Short Position at the price higher than the price at the moment of placing the Order; ● “Sell Stop” - an order to open a Short Position at the price lower than the price at the moment of placing the Order; ● "Sell Stop Limit" is a Stop order to place a "Sell Limit" order.

• Prior to the triggering of the stop price, a Stop Limit Order will remain open until being cancelled by the Participant.

• The price for the Limit Order must be specified by the Participant at the time the Stop Limit Order is submitted.

• Bursa GTD orders with prices falling outside of the Static Price Limits, will be withdrawn by the system automatically, except for Stop Limit and Stop Market order whereby the static price limits will only be validated when the order is triggered during Main Trading or Trading-At-Last phases.

• Inactive Stop Limit orders will not participate in the calculation of Theoretical Opening Price (TOP) and Theoretical Opening Volume (TOV) during Pre-Opening, Trading Halt and Circuit Breaker Halt; and Theoretical Closing Price (TCP) and Theoretical Closing Volume (TCV) during Pre-Closing.Inactive Stop Limit orders are orders which are not triggered yet.

• Stop Limit order can be accepted by the trading engine during Pre- Opening, Main Trading, Pre-Closing and Trading-At-Last phases.

More Definitions of Stop Limit

Stop Limit means an Order that is similar to Stop Loss Order except that it becomes visible to the market and executable as a Limit Order when market rate condition of the stop price is met.