| Definitions | | take out the stops |
|
verb
- (finance) The supposed practice whereby locals (floor traders trading for their own account) buy or sell to push prices towards where they suspect stop loss orders lie, with a view to profiting from the resulting acceleration of the move when those orders hit the market.
- 2006: Chris Towner, consultant at risk manager HIFX, said: "The move came when traders looked at each other and said 'it's about time we broke out of these ranges', and took out the stops." — w:Financial Times, Financial Times article Euro gains from dollar's slump by Steve Johnson, 5 April 2006, reproduced at HiFX? http://www.hifx.co.uk/press/articles/05042006.htm
Supplemental Details:Sponsor an extended definition for take out the stops for as little as $10 per month. Click here to contact us.
| |
|
