Guaranteed stop-loss orders (GSLOs)
Guaranteed stop-losses are particularly useful when market conditions are volatile and prices can fluctuate suddenly from one level or another, without passing the level in-between. This is called price gapping or slippage, which can occur following major economic events and news announcements. It can also occur on weekends, where prices open at a significantly different level than the previous close.
This article explains exactly what a guaranteed stop-loss order is, along with its various settings and how to set a GSLO on our online trading platform, Next Generation.