B2Broker, the leading provider of crypto and Forex liquidity and trading solutions for brokers, is updating its B2Trader platform. With the new update, B2Trader expands the standard capabilities, which already feature crypto and spot FX trading. With this enhancement, end users will be able to trade more conveniently and control their trading more easily. With the new feature, B2Trader’s abilities will become even more compelling to existing and future clients.
Introducing Stop Orders
With B2Trader as their matching engine, B2Broker’s clients will now be able to offer stop orders (both stop market and stop limit orders) to their customers. This new feature will give traders a greater range of trading options and a greater degree of flexibility. Moreover, stop orders are supported in every B2Trader package offering for any platform-listed asset.
A stop market order allows the trader to limit losses or take profits when the market moves against him or her. The purpose of a stop limit order is to enter the market at a certain price or leave when the price reaches a specific threshold. You can place either type of order as a pending order, so when a certain price is reached, that order will go into effect.
There are two prices associated with stop limit orders: the stop price and the limit price. The stop price triggers the order when reached, and the limit price limits the price range at which the order can be filled. Upon reaching the stop price, the order will become a limit order and can only be executed if the market price does not exceed the limit price.
Traders can now place stop orders using the order entry screen on B2Trader with both buy and sell options available. A charting interface also allows the placement of stop-orders directly.
Conclusion
The B2Broker team is always striving to improve the user experience and provide the most powerful tools available on the market. With the recent addition of stop orders, B2Trader is proving itself to be an even more efficient technology solution. In the near future, B2Trader will receive even more updates that will make it an even more valuable tool for brokers and traders.
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Source: https://www.thecoinrepublic.com/2022/11/08/b2brokers-updated-b2trader-matching-engine-now-supports-stop-orders/