Cymatic Trader Community

[SJCrawley]

Dear Gavin,
Can you confirm that if the stop loss tick size is less than the spread between the Back and the Lay prices for a given runner then the stop loss will immediately activate?

Kind Regards,
Simon C.

[Gavin]

Hi Simon,

Yes. It would if you took the market price available on the initiating bet and if the spread was greater than your stop loss.

For example, if the market prices available are 2.0 to back / 2.05 to lay:

1) If you lay at 2.05 with a 1 tick stop loss, then the stop loss would be triggered immediately (because it is less wide than the spread), i.e. your stop loss trigger price is 2.04 but price is already at 2.0 thus it gets triggered (at 2.04).

2) If instead you submitted an unmatched lay bet at 2.0 and wait to get to the front of the queue and matched at 2.0, then the stop loss would not be triggered until price drops to 1.99.

Kind regards,

Gavin