Stop loss orders being phased out!

Just a heads up for the C2 team and all of the System Developers, both the Nasdaq and the New York Stock Exchange will no longer accept stop loss orders, effective February 26, 2016.

I guess they are trying to save us from ourselves!

Jim

This won’t affect C2 Autotraders or system developers. While we prefer to have orders resting at the exchange, we will still support stop-losses and hold them on our server.

“Good until canceled” orders will be phased out as well.

However, I believe brokers will still be able to rest such order types on their trading system, on behalf of their customers.

hi everyone

it would be nice if some reference authoritative sources could be also included
for verification and interpretation. thx everyone.