Is there any protection from unrealistic early morning prices?
Markets can be volatile, particularly at the beginning of the trading day or for illiquid stocks. We’ll prevent Stop Orders from firing if the best bid and offer (sell and buy) spread exceeds a certain percentage. This percentage varies depending on the unit price of the stock. It is higher for low priced stocks than for those with high prices. We’ll continue to monitor the order until it meets all trade execution criteria or until it expires. We also prevent Stop Orders from executing in the first 10 minutes of market trading.
