Buy Stop

Discussion in 'Order Execution' started by sk12345, Dec 5, 2013.

  1. sk12345

    sk12345

    Hey guys,

    I had a question about buy stops,
    If i were to put a buy stop order of 100 contracts at a price of 5$ when the price is 4.5$ and if when the price touches 5$ there are only 50 contracts on sale in the order book, i.e at a price of 5$ sellers are only selling 50 contracts, 50 contracts will be purchased, but what will happen to the other 50 contracts which are in excess of the selling quantity at that price, will they buy purchased as a market order or will i be only able to purchase 50 contracts.

    Thanks!
     
  2. Visaria

    Visaria

    a stop turns into a market order, so your remaining 50 lots will be filled at the next ask price
     
  3. jjwalker

    jjwalker

    DOES INTERACTIVE BROKERS.....OFFER %STOPS.....AFTER AND ORDER IS FILLED.......NOT % TRAILING STOPS