Risk Preferences

Set maximum order size and maximum position size as well as the values for quantity buttons.

Before setting preferences, choose whether the settings should apply to all accounts or to a particular account. Also choose whether the settings should apply to all symbols or a particular symbol. You can also add a QFormula to the list. Default settings do not overwrite settings you select for a specific account or instrument.

To open these preferences, click the Setup button and then click Trading Preferences.

Parameter	Description
Risk management	Enter the maximum order size and maximum position size. In the example above, the risk management settings apply to the symbol EP.
Order quantities	Enter values for the order quantity buttons and the default order size. The second default order size applies to order placement using the middle mouse button. You can enter large quantities for default order size: To avoid inadvertently placing an order with an unintended size, you can have the system change the order size back to the default after you place an order and after a certain number of seconds.
Default execution instructions	Hedge type = Speculation (default), Arbitrage, and Hedge Hedge Type was introduced in response to MiFID regulations. It is relevant only if it applies to the instrument or leg instrument (in the case of strategies) in use. This next preference is available in Risk parameters for: Orders & Positions, Split Quote Board, Auto Trade, Spread Matrix, and Spread Pyramid. The setting impacts each application.This feature allows you to place trades with a designation and instruction: Open, Close Today and Close Yesterday. Execution within firm This value identifies who is executing the order, the member firm on its own behalf or the member firm on behalf of a client. If the value is set to the member firm, then short codes for this field are applicable. In the event that a trader within the member firm is trading on behalf of the client, that trader can choose to override this value (thereby overriding the short code) per order on the order confirmation window. When override is selected, the order confirmation has a check box to override the execution instructions.