Support Board

Date/Time: Fri, 03 May 2024 15:54:43 +0000

Post From: TransAct - Risk Liquidation Fee

[2019-10-20 19:29:44] Link To Thread - Link To Post [Go To First Post]
User316362 - Posts: 210
#8 Of course, managing risk properly is the solution to avoid this. And not an issue if one uses the sierra risk management tools to avoid this. But what I was told was not that it was on the liquidated contracts (say you had 10 contracts active when risk limit was hit for $50 + commissions), but for the total number of contracts traded for that entire day which could be much higher. Just trying to get clarity since TransAct obviously has different stories from different people. And why not explain in detail the mechanism in their disclosure, which they don't. You may recall some of us were told it was not having a contract with Sierra that helped initiate this charge. Which it is not. Has nothing to do with Sierra. In any case, if only on the "liquidated" contracts that's at least somewhat understandable.