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Date/Time: Mon, 06 May 2024 21:41:27 +0000



Post From: LMAX Trading through Central FIX Connection with No Monthly Fees

[2019-02-09 21:38:22]
ARDAN - Posts: 66
"New Sell Stops will trigger when the Best Ask meets the Stop Level and Buy Stops will trigger when the Best Bid meets the Stop Level. This does apply to the LMAX FIX connection used when you have the service in Sierra Chart set to LMAX Live Trading-DTC."
1. Is this setting valid with LMAX?
Also, Sierra has "Stop with last triggering" option. Which is basically average of ask-bid price (as last trade price is N/A in FX) It can be an option as well If you prefer to keep your stop order in your client machine.
2. When OCO orders and bracket orders are all managed on the server side by our server while Global Settings >> General Trade Settings >> Use Server-Side OCO and Bracket Orders is enabled. Does Sierra submit a stop order to LMAX trading account or keeps it at the intermediary server?
2.a. If Sierra submits the stop order does it consume extra margin?
2.b. If the stop order consumes extra margin, how can I keep it at the intermediary server of Sierra without submitting LMAX?
Thanks.
Date Time Of Last Edit: 2019-02-09 21:56:56