Order Boundaries (Web/iPhone/iPad)
This trading feature has been added to our CMC Tracker platform to allow our customers to specify a “boundary price range” on their order tickets within which they would like their orders to be executed. Orders will be rejected where the price at execution has moved outside the boundary range set by the customer. This is only available on market and stop entry orders.
This feature gives our customers the ability to directly limit the amount of “slippage” they are willing to accept between the screen price and the price at the point of execution. Anything outside of this “acceptable” boundary will be rejected. This gives our customers more control over the execution of market and stop entry orders, especially in fast-moving, volatile markets.
Click here to watch our video for more information.