Stop Order Not Honored

[userque]

Here on this site you only get stupid responses

Wanted to clarify my 'like.'

Here on this site ...

In this thread so far.

... you only get stupid responses

Not all, but an extremely disturbing amount.

 

[DiceAreCast]

Fair, I sometimes tend to see black and white. You are right of course.

Wanted to clarify my 'like.'

In this thread so far.

Not all, but an extremely disturbing amount.

 

[qaz]

OP I assume that the market went right through your stop. In this scenario , The stop market order should be executed.

However if it gaps too much , IB or the Exchange will "protect" you from this unfair pricing by not executing your order.

 

[maxinger]

However if it gaps too much , IB or the Exchange will "protect" you from this unfair pricing by not executing your order.

This is NEW.
THIS is the first time I hear it.

Where did you get this information?
Is it being documented?

Has it happened before?

Is the ' gap too much ' being defined clearly and precisely?

Your posting contradicts posting #27 by @MarkBrown.

Will IB or the Exchange be sued for failure to execute the stop order?

 

[asaladaaa]

one of the customer service guess is the system thinks i am in 0 position while in fact i am long 100 shares already so the stop market order did not get filled because of the SSR

One other problem they admitted that sometimes our limit order do not realize on the exchange, this can be seen on Level 2, limit order not showing up on the L2, they need to fix this ASAP, and no i did not submit Hidden Order

 

[MarkBrown]

 

[asaladaaa]

OP I assume that the market went right through your stop. In this scenario , The stop market order should be executed.

However if it gaps too much , IB or the Exchange will "protect" you from this unfair pricing by not executing your order.

Stop market order should always be executed during RTH, but it will not be executed with SSR if you short sell with stop market order, but in my case it was a sell stop market to cover my buy order that was already filled

 

[MarkBrown]

Stop market order should always be executed during RTH, but it will not be executed with SSR if you short sell with stop market order, but in my case it was a sell stop market to cover my buy order that was already filled

again you are not guaranteed a stop fill - shit happens no clearing firm will guarantee a stop.

 

[MarkBrown]

Stop market order should always be executed during RTH, but it will not be executed with SSR if you short sell with stop market order, but in my case it was a sell stop market to cover my buy order that was already filled

oh now it's a sell stop market order - are you sure you know?

sell stop, sell short, sell to open, sell to cover, sell, sell stop market, sell stop limit did i miss any? yea i did sell to close...

 

[DiceAreCast]

Not true at all. Stop orders at most exchanges are exchange supported order types which means the stop order does not reside with the broker, especially not any clearing firm, but they are routed as is to the respective exchange, especially if it is an exchange routed order rather than using the smart router of any broker. The exchange is obligated to handle and execute stop orders by strict sec definition. What you said is factually false.

If you meant that no stop order is filled unless the stop price is touched then that is needless to say and everyone understands that and it was definitely not the issue of this thread

again you are not guaranteed a stop fill - shit happens no clearing firm will guarantee a stop.