YM on globex

Discussion in 'Trading' started by ranger64, Jan 14, 2008.

  1. ranger64

    ranger64

    YM moved from ecbot to globex today. Before, at ecbot, stop market orders were native to the exchange. I assume stop market orders aren´t possible anymore for ym at globex, only native stop limit orders. Can anyone confirm this?
     
  2. Basically, yes, that is correct. But there are actually two types of stop order on globex. The CME's official description is:

    Stop orders may be defined as a Stop Limit or a Stop with Protection.

    Stop Limit
    Order will enter the market as a Limit order, at a customer specified limit price, when the trigger price is traded. Available for futures only.

    Stop with Protection Points
    Order will enter the market as a Limit order, at a limit price equal to the Exchange-defined protection range. Available for futures only.