Stop Orders and Stop Limit Orders

What this video covers

• Why a member may, but is not obligated to, accept a stop order or stop limit order
• How a transaction at or above the stop price triggers a buy, and a transaction at or below the stop price triggers a sell
• Why a quotation at the stop price does not activate a standard stop order
• The difference between a stop order becoming a market order and a stop limit order becoming a limit order
• Why a triggered stop limit order can remain unfilled when the market moves away from its limit price
• How the not held instruction removes a stop or stop limit order from this rule and its routing duties
• The labeling, disclosure, website posting, and routing requirements for alternative-trigger orders