NYSE eliminating Stop Orders

Folks we are entering a new ERA

http://www.marketwatch.com/story/nys...ers-2015-11-18

Wtf???

Why is nobody talking about this??? O_O

Because u don't Need stop orders. You can use a Market Order instead. At the end, every stop order is a market order.

Because it's a forex-trading forum, and probably very few members here trade anything to which this is relevant.

In any case, the reaction to this news, in financial circles, is probably all a bit overblown: I'd think the "risk" will just transfer a bit further down the chain, with stops being held at the brokerages instead of at the exchange (as many already are, anyway).

And presumably it applies only to actual market orders being executed, anyway, rather than including resting orders or limit orders.



In some other ways and contexts, perhaps - but hardly over this.

holy shit :| no longer accepting stop orders? seriously, what do they want to do ?

American traders will not like this, what I seen is they use stop orders as stop loss,
not sure, but I dont think sl is allowed in US

Stoploss orders on the broker server remain. The broker server simply send market order if SL is reached.