How do I send an equity stop order in Lightspeed?
Lightspeed Trader can send Stop and Stop Limit orders via BATS-EDGA. These orders are triggered by trades: once the symbol trades at your stop price, EDGA will send an order on your behalf.
To send these orders, you can map the StopBid, StopLimitBid, StopOffer or StopLimitOffer Keys seen in the “Keyboard” tab or use your Order Entry Window, seen below. If you select STOP from the “Type” Dropdown in the Order Entry Window, you should also see STOP propagate in the Market dropdown, seen below.
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Equities, equities options, and commodity futures products and services are offered by Lightspeed Financial Services Group LLC (Member FINRA, NFA and SIPC). Lightspeed Financial Services Group LLC’s SIPC coverage is available only for securities, and for cash held in connection with the purchase or sale of securities, in equities and equities options accounts. You may check the background of Lightspeed Financial Services Group LLC on FINRA’s BrokerCheck.
Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options
ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses.