Quote from BrownianMotion:
They're finally here, and if you've been waiting for months like many Laser users, you're probably incredibly disappointed.
Genesis' new stops are a very weak effort...for the following reasons:
1. ONLY ONE ROUTE: Genesis's new stops force you to use only one route (AUTO). If you want to enter a stop short order using ARCA (the "only" way to short on Nasdaq), you're out of luck.
2. ONLY ONE TRIGGER: There is now only one way to trigger stops--by the last trade. Genesis' previous stops let you trigger by bid/ask, which is CRITICAL to avoid slippage and to avoid false triggers (from bad ticks).
3. LOCATION OF ORDER: These new stops appear to reside on AUTO's servers. This begs two questions: 1) Should we be concerned that Automated Trading Desk (AUTO's parent) might be somehow gaming our stops (not an accusation, just a question); and 2) Did Genesis use AUTO for stops as a quick fix because they didn't want to code their own server-side stops?
4. NO MORE HOTKEYS: There's no hotkeys now for stops, a MAJOR inconvenience for those who use them frequently.
5. STOP DISPLAY: Stops no longer appear in the Stops window, which made monitoring them a lot easier before.
6. MISC.: You can no longer use stops with both Advanced Mouse Style and Level II Button Style enabled.
Putting out this kind of garbage makes me wonder if Genesis thinks it's users are completely stupid. Cmon guys. Give us professional-level stops.