Stops at Genesis

B

BrownianMotion

Anyone have any idea whatsoever when Genesis will add server-side stops for Nasdaq stocks?

How long does it take to program and test software that sends buy and sell orders when a price is touched?

Seems like stops have been a constant request and on their to-do list forever...but they aren't moving on it!!!!
 
If I had to guess, I'd say that stop orders are most frequently needed and used by lower activity traders, the type that needs to place a stop loss order and leave the computer for hours at a time. Genesis caters to the much more active traders, for whom stop orders are not an important feature.
 
Quote from EricP:

If I had to guess, I'd say that stop orders are most frequently needed and used by lower activity traders, the type that needs to place a stop loss order and leave the computer for hours at a time. Genesis caters to the much more active traders, for whom stop orders are not an important feature.
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That's not accurate. The use of stops depend on your trading methodology. For example, if you trade several positions at one time, server-side stops (as opposed to specialist stops) are absolutely critical.

I know a good number of people off the top of my head that utilize stops and do over a million shares a month each. A million shares ain't 10 million shares but it ain't chump change either.
 
Quote from BrownianMotion:

Any broker using REDI+ has them....Bright for example.
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How about IB, X_trader, J-trader, TS, Echo trader (insatquote)... others

I like to have list of brokers orders seat on exchange
 
Quote from BrownianMotion:

That's not accurate. The use of stops depend on your trading methodology. For example, if you trade several positions at one time, server-side stops (as opposed to specialist stops) are absolutely critical.

I know a good number of people off the top of my head that utilize stops and do over a million shares a month each. A million shares ain't 10 million shares but it ain't chump change either.
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I never said that some active traders may not also employ stops in their trading. However, I stand by my believe that stops are <i>mostly</i> required by lower volume traders.

-Eric
 
Quote from EricP:

I never said that some active traders may not also employ stops in their trading. However, I stand by my believe that stops are <i>mostly</i> required by lower volume traders.

-Eric
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We can agree to disagree but the point stands that Genesis is losing business because they don't have them. I know 1/2 dozen people who do volume and are looking for a new firm, but won't trade with Genesis because they don't have stops.
 
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