The System Risk Controls dialog box enables you to configure constraints that limit your risk exposure for orders submitted by the AutoTrade agent. Pairs that breach a system risk constraint automatically have their AutoStatus changed to Suspended. The agent monitors the status of each suspended Pair to see if the constraint has been removed or is no longer breached, and if so, changes the AutoStatus to On for the Pair.
If a Pair’s AutoStatus is changed to Suspended, the reason will be displayed in the Message Log provided that the MsgLog checkbox has been selected in the Summary pane.
Select the Spread Trader
icon
from the REDIPlus Application bar,
and Spread Trader appears.
Click the System Risk Controls
button,
and the System Risk Controls dialog box appears.
Select the ID to which you want to assign System Risk Controls from the User drop-down list box.
Supervisors can set the System Risk Controls for each user they supervise.
Enter System Risk Control amounts for the following constraints:
Max Quantity Per Stock - the maximum number of shares that can be Open and/or Executed per security.
Max Value Per Stock - the maximum value of the shares that can be Open and/or Executed per security.
Max Value Per Account - the maximum value of the shares that can be Open and/or Executed per account.
Max # Open Orders - maximum number of open orders per Stock and/or Account.
When finished, click [Apply] and select another User ID to configure, or [OK] to return to Spread Trader.