Stoplossid

Stoplossid is a term used in electronic trading to denote the unique identifier assigned to a stop-loss order or condition within a trading account or order management system. It is not a universal financial term and its exact meaning varies by platform; some systems treat it as an opaque internal ID, while others expose it through APIs.

Purpose and usage: The stoplossid allows the platform and users to reference a specific stop-loss instruction for monitoring, modification, or cancellation. It is typically returned when a stop-loss order is created and may be used in subsequent API calls to adjust the trigger price, the quantity, or to cancel the stop. It helps ensure that operations target the correct order even if multiple stop-loss orders exist for an asset or account.

Relation to other concepts: A stop-loss order defines a trigger price and the resulting action; the stoplossid is an identifier, separate from the price. Some platforms support trailing stop variants and may assign a stoplossid to the underlying stop component. In many designs, the stoplossid is used in conjunction with the main order identifier to manage risk limits and execution paths.

Platform variability and conventions: Field names for the identifier vary by platform, with examples including stopLossId, stoplossid, or stop_loss_id. Some APIs return the identifier in the order response; others require separate queries to fetch active stop-loss IDs. The exact lifecycle—creation, modification, cancellation, and deletion—depends on the broker or exchange.

Limitations and considerations: Stoplossids are specific to an order management system and do not carry intrinsic financial meaning. They may become inactive if the associated order is canceled or replaced. Access should be secured, and users should understand idempotency and the proper association with the corresponding asset and account.