These account-level parameters are used to:
•place limits on trades, positions, and loss
•establish margining behavior
•determine the role of OTE, NOV, and UPL in calculations
•identify negative balances
The settings on this page apply to risk at the account level and override the default settings for the FCM. If a maximum limit is set at the FCM level, then the account value must be less than the maximum FCM amount.
Settings include:
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Single Trade Limits Trade Size Limit Trade Margin Limit Trade Price Limit Reject Risky Market Orders
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Overall Account Limits Commodity Position Limit Contract Position Limit Margin Subsystem Allowable Margin Credit Max Purchasing Power Enable Cross-Margining Daily Loss Limit Delta Daily Loss Limit
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Parameters Margin Multiplier Include Open Trade Equity in Purchasing Power Include Net Option Value in Purchasing Power Include Unrealized Profit Loss in Daily Loss Limit and Delta Daily Loss Limit Include Open Trade Equity in Daily Loss Limit and Delta Daily Loss Limit Check for Negative Balance Enable Theoretical Values in OTE, NOV, and UPL Disable Bid/Ask in OTE Disable Bid/Ask in NOV/UPL Use FCM Margins Only |
For an overview of CAST risk options, see Risk Management.
Setting a fixed or extending trade price limit
A trade price limit can be fixed or extending, which defines how the system should determine an order’s allowed price range in relation to the current best bid/offer (if not available, then last trade price).
Orders outside of the range are rejected.
Fixed = select Passive + Aggressive
A fixed limit dictates that orders must be plus or minus (+/-) some number of ticks from best bid/offer. Tick value can be zero.
Extending = select Aggressive only
An extending limit dictates that buy orders must be below the high price in the range and sell orders must be above the low price in the range, plus (+) some number of ticks for buy orders and minus (-) some number of ticks for sell orders.
Example: buy order with a 3-tick range:
To set risk parameters
1. Go to Accounts > Risk Parameters.
2. Set single trade limits, overall account limits, and limit parameters. Parameters are explained in CAST. If the parameters do not meet the minimum FCM risk parameters, they are highlighted in red, as seen in this example:
3. Click the Save button.
Permissions associated with this page
CAST Users > CAST Permissions > Risk Management > Account > View Risk Parameters
CAST Users > CAST Permissions > Risk Management > Account > Modify Risk Parameters