Pan-European trading venue Spectrum Markets has introduced a Stop Order functionality with customised features.
Investors can benefit from two advantages which Spectrum’s stop orders functionality offers. Instead of the more commonly used Last Traded Price, the venue will use Market Maker Quotes in the order book as a trigger for Stop Orders. This way the orders may be triggered when trading volumes are low and in safe conditions in terms of fair price for the execution.
Investors will also be able to select the side of the order book that triggers their Stop Order. The Offer- or the Bid price can be selected as a trigger for Stop Buy and Stop Sell (Loss) Orders which opens up more choices and possible trading strategies for investors.
Buy and Stop Sell Orders can be submitted as a Stop Market Order or as a Stop Limit Order. Stop Market Orders will be executed at the best available price, against the available liquidity which means they may receive partial fills. And Stop Limit Orders will be executed when their limit price is reached.
Eren Eraslan, Head of Product Innovation at Spectrum Markets, commented:
Eren Eraslan Source: LinkedIn
Our tailor-made Stop Order options provide connected brokers with an additional method of opening and closing positions for their investors. This functionality once again demonstrates our ability to innovate the trading of securitised derivatives.
With Spectrum Markets, retail investors can invest in structured products via their brokers. It services are offered in Germany, France, Italy, Spain, Sweden, Norway, the Netherlands, Ireland and Belgium.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
