Between what times are stop losses active when trading index futures? I phoned OST this morning and was told that ALL stop losses are active from 08H50 to 16H50. But the stop loss help section says, "Stop losses only trigger between 9:10 and 16:50 for all instruments irrelevant of when that particular market opens for trading.Except for Index Futures, all stop losses are active from 09h10 until 16h50 on market days only, thereby avoiding the volatility of market open, when stop losses could be unnecessarily activated. Index futures stop losses are active from 08h35 to 17h25." Can anyone clarify.
thhes parameters are set by Standard Bank. If you were trading with some of the better brokers your stop losses would be active as soon as the market opens - not a second later. This delay cannot be axplained by any other reason than SFM staff wanting to have their morning coffee in peace or them actually ttading against you during this time. Remember they have any derivative positions hedged and can make use of any arbitrage opportunity as long as you are excluded from the market.
Thanks to those who replied. I assume that the last sentence," Index futures stop losses are active from 08H35 to 17H25" is INCORRECT and that ALL stop losses are only active from 09H10 to 16H50. Could someone from OST please confirm this?