Auto ECN stops help!

Discussion in 'Order Execution' started by spamula, Dec 2, 2008.

  1. spamula


    If I use stop through the Auto ECN method and select route = stop, and type = stop will my buy or sell stops work if I log out of my trading platfor i.e. genesis?

    Also is this type of stop suitable to close both long and short positions?
  2. ProTrade Greg

    ProTrade Greg ET Sponsor

    Typically when you use an "auto" route, the software or execution server picks the route to use based on current market conditions and the specifics of your order. If a route is used that supports stops internally, usually you can walk away from your computer with the comfort of knowing your stop will be managed by the destination. In some cases, on some trading platforms, they hold the stop orders client side so you need your application up and running in order to receive the market data to trigger the stop order.

    It really just depends on the trading app and the route used. I suggest you speak to your broker that provided the product and get a definitive answer.

    If you're looking for a new broker with better customer service or more products to choose from, consider I hope this helped you a bit.
  3. Pretty sure you can logoff when using route= Stop.
    Only when using OMS stops will you have to worry about your platform being on. And yes you can use on either short or long positions as long as your set your buy/sell right.