This is the term used to express the situation where any market moves directly from one correctly quoted price to another, significantly different, correctly quoted price. There can be many reasons for gapping; economic figures, company announcements, political events, natural disaster etc., but the effect is that any stop-loss, limit or new order will be subject to a gap in the price. One of the main reasons for gapping a spread bet is a movement in the underlying market price overnight, during which time Larosspreads does not quote a price.