English
Verb
take out the stops
- 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? 1
|
