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Quantitative Finance · Glosario

¿Qué es Stop order, stop-limit order?

También llamado: stop order · stop-limit order

Definition 2.2 Microstructure and Execution · Capítulo 2 — Order Types and Their Uses

A stop order rests unseen until a trade occurs at or through its stop price (at or above it for a buy stop, at or below it for a sell stop); it then becomes a market order. A stop-limit order becomes a limit order at its stated limit price instead.

A stop cascade on firm.exchsim: the fall caused by one market sell of 3 000 shares into a ladder of 500 shares a cent, against the number of 800-share sell stops placed a cent apart from 99.95 down. Data: mx_ordertypes.stop_cascade.
Figure 2.1. A stop cascade on firm.exchsim: the fall caused by one market sell of 3 000 shares into a ladder of 500 shares a cent, against the number of 800-share sell stops placed a cent apart from 99.95 down. Data: mx_ordertypes.stop_cascade.
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