take out the stops

listen to the pronunciation of take out the stops
English - English
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. — Financial Times article Euro gains from dollar's slump by Steve Johnson, 5 April 2006, reproduced at HiFX.

take out the stops

    Turkish pronunciation

    teyk aut dhi stäps

    Pronunciation

    /ˈtāk ˈout ᴛʜē ˈstäps/ /ˈteɪk ˈaʊt ðiː ˈstɑːps/
Favorites
More...
Clear