administration:administration_auto_liquidation

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administration:administration_auto_liquidation [2024/07/17 18:12] – ryanadministration:administration_auto_liquidation [2025/01/03 13:07] (current) – rob
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 ====== Auto Liquidation ====== ====== Auto Liquidation ======
  
-<WRAP center round todo 100%> +We now offer automatic liquidation as a feature for futures accounts. Options are not currently supported for auto liquidation. This feature requires a set of auto liquidation triggers to be configured for the firm and auto liquidation settings to be configured for each contract, after which individual accounts can be placed in auto liquidation mode. All accounts that remain in ByPortfolio, ByAccount, etc. will be unaffected by auto liquidation. All contracts with auto liquidation disabled will be unaffected by auto liquidation, but their contribution to margin, P&L, etc. will still count against the account and may trigger auto liquidation in products where auto liquidation is enabled.
-**Coming Soon!** +
-</WRAP> +
- +
-CTS now offers automatic liquidation as a feature for futures accounts. Options are not currently supported for auto liquidation. This feature requires a set of auto liquidation triggers to be configured for the firm and auto liquidation settings to be configured for each contract, after which individual accounts can be placed in auto liquidation mode. All accounts that remain in ByPortfolio, ByAccount, etc. will be unaffected by auto liquidation. All contracts with auto liquidation disabled will be unaffected by auto liquidation, but their contribution to margin, P&L, etc. will still count against the account and may trigger auto liquidation in products where auto liquidation is enabled.+
  
-==== Firm Level Auto Liquidation Triggers ====+====== Firm Level Auto Liquidation Triggers ======
   * **Insufficient Margin (required)**   * **Insufficient Margin (required)**
     * If an account’s Total Cash value ever drops below 0, the account will be auto liquidated for Insufficient Margin. This may occur because of negative P&L, changes to account balance, changes to margin e.g. moving from day margin to full margin, etc.     * If an account’s Total Cash value ever drops below 0, the account will be auto liquidated for Insufficient Margin. This may occur because of negative P&L, changes to account balance, changes to margin e.g. moving from day margin to full margin, etc.
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     * If a contract is configured to not allow long (short) positions too close to limit down (up), then that position will be auto liquidated for any accounts with auto liquidation enabled that have the appropriate orders or positions in that contract when the price is within X ticks of limit up or down. This tick range is configurable at the contract level.     * If a contract is configured to not allow long (short) positions too close to limit down (up), then that position will be auto liquidated for any accounts with auto liquidation enabled that have the appropriate orders or positions in that contract when the price is within X ticks of limit up or down. This tick range is configurable at the contract level.
  
-==== Firm Level Auto Liquidation Settings ====+====== Firm Level Auto Liquidation Settings ======
   * **Pre Trade Margin PC**   * **Pre Trade Margin PC**
     * This is the percentage of the exchange margin value that is required for an order to pass through pre-trade risk checks. This is usually set to a higher value than the Day Trading Margin PC in order to avoid immediate auto liquidation upon an order being filled.     * This is the percentage of the exchange margin value that is required for an order to pass through pre-trade risk checks. This is usually set to a higher value than the Day Trading Margin PC in order to avoid immediate auto liquidation upon an order being filled.
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     * This is the percentage of the exchange margin value that will be applied during the Alert Period. This is typically set to 100% so that full margin is applied prior to the close. The Alert Period is configurable at the contract level.     * This is the percentage of the exchange margin value that will be applied during the Alert Period. This is typically set to 100% so that full margin is applied prior to the close. The Alert Period is configurable at the contract level.
  
-==== Contract Level Auto Liquidation Settings ====+====== Contract Level Auto Liquidation Settings ======
   * **Time Before Close**   * **Time Before Close**
     * The duration in HH:MM:SS prior to the close of trading for the contract when auto liquidation should occur if positions in this contract are to be liquidated before the close of trading. Note that if used, this will trigger auto liquidation whether the account has sufficient funds for overnight margin or not.     * The duration in HH:MM:SS prior to the close of trading for the contract when auto liquidation should occur if positions in this contract are to be liquidated before the close of trading. Note that if used, this will trigger auto liquidation whether the account has sufficient funds for overnight margin or not.
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     * The number of ticks within limit up or down for a market to be trading for the position to be auto liquidated. Note that this will trigger auto liquidation for long (or potentially long) positions near limit down and for short (or potentially short) positions near limit up.     * The number of ticks within limit up or down for a market to be trading for the position to be auto liquidated. Note that this will trigger auto liquidation for long (or potentially long) positions near limit down and for short (or potentially short) positions near limit up.
  
-==== Account Level Auto Liquidation Settings ====+====== Account Level Auto Liquidation Settings ======
   * **Account Mode**   * **Account Mode**
     * This must be set to AutoLiq in order for any auto liquidation to occur for the account.     * This must be set to AutoLiq in order for any auto liquidation to occur for the account.
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-==== General Notes ====+====== General Notes ====== 
 + 
 +<note tip>
   * If auto liquidation flattens a position in a market, it will also cancel all working orders in that market.   * If auto liquidation flattens a position in a market, it will also cancel all working orders in that market.
   * If auto liquidation cancels any working orders in a market, it will cancel all other working orders in that market and flatten the position in that market, if present.   * If auto liquidation cancels any working orders in a market, it will cancel all other working orders in that market and flatten the position in that market, if present.
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   * If a market is closed, we will not attempt to liquidate it. We will continue to charge the account the full (initial) margin until the market re-opens.   * If a market is closed, we will not attempt to liquidate it. We will continue to charge the account the full (initial) margin until the market re-opens.
  
 +
 +</note>
  • administration/administration_auto_liquidation.1721239952.txt.gz
  • Last modified: 2024/07/17 18:12
  • by ryan