NexusFi: Find Your Edge


Home Menu

 





Globex Stop Orders


Discussion in Traders Hideout

Updated
    1. trending_up 3,250 views
    2. thumb_up 0 thanks given
    3. group 1 followers
    1. forum 1 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
 Jolew 
San Jose, CA
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB
Trading: Futures
Posts: 113 since Jan 2011
Thanks Given: 54
Thanks Received: 97

I use stop market orders but I realized that I am a little unsure about the exact order execution and I'm wondering whether anyone has any experience or opinion that can help.

My understanding is that since Globex doesn't support a stop market order type, the stop is held on the brokers server. It seems like this would cause additional slippage as compared with a stop with protection order that resides directly on Globex. It also seems that it would be a little more reliable to have the stop on Globex.

Anybody have any ideas on advantages and disadvantages of the stop being held by broker or Globex directly?

I'm asking this non-specific to a broker or platform, but I notice that IB recently added the stop with protection order type. I don't as yet have that type on my platform (Sierra), though I suppose I can use a stop limit order since that is effectively what a stop with protection order is, but it makes sense to me to have CME manage the limit order offset.

Any feedback?


Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Zytrade: Devin Brady, CEO - Ask Me Anything (AMA)
Brokers
Khamenei Vetoes Uranium Transfer as Peace Odds Surge to …
Prediction Markets & Event Contracts
Rubios Good News Within Hours and the 30-Day Math: Why H …
Prediction Markets & Event Contracts
Bond Market Rout -- Worst Week Since Russias 2022 Invasi …
Treasury Notes and Bonds
CME Launches Bitcoin Volatility Futures June 1 -- First …
Cryptocurrency
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Sober Journey With S&P
23 thanks
2026 Jlab journal
10 thanks
Trying to learn Volume and price action correlation
8 thanks
Algo automated / semi-automated trading anyone?
6 thanks
Lady Vols Primer: Trading Volatility Journal
6 thanks




Last Updated on February 3, 2012


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts