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CMC Markets in Canada is announcing the launch of GSLO (guaranteed stop-loss order) for Canadian traders. Launched this week, it means CMC will be the first and only trading platform offering this type of stop loss order in the country.

GSLO is a new guaranteed way to trade, with full protection for unexpected market movements, ensuring that a trade is closed out at the set limit regardless of market gapping on market open.

In differentiation from other stop-loss products, GSLO guarantees your trade will be executed at the price you specified, regardless of any changes to the market overnight or during off-market hours.

This new product is particularly important with equities/currencies where gapping on traditional stop loss orders is relatively common, especially in a particularly volatile and unpredictable market.

Effectively, the ‘Guaranteed’ in Guaranteed stop-loss order means that clients are protected from unexpected movements in the market. A GSLO costs an additional premium but is refunded if it is not executed.

Summary of the new service for traders

In differentiation from other stop-loss products, GSLO guarantees your trade will be executed at the price you specified, regardless of any changes to the market between market close and open.

The current global economic environment is volatile and often unpredictable – events after market hours can cause wild price swings before a regular stop loss order can actually take effect.

CMC Markets’ GSLO product is the only stop loss product which is guaranteed to actually stop at the appointed price. CMC Markets says it wants to give their clients and traders a more secure way to trade on their platform in an ever-evolving market.

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Stuart Fieldhouse

Stuart Fieldhouse

Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong. He was the founder editor of The Hedge Fund Journal.

Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson. Based in The Armchair Trader’s London office, Stuart continues to advise fund managers, private banks, family offices and other financial institutions.

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