I just noticed my Margin requirement with MB Trading is double what it should be because of the way Ninja places orders with them...
Basically, If I go short using my ATM strategy, MB Trading gets 2 Sell orders from Ninjatrader - One to enter the trade and another to close it (the Stop). Because of this, they see it as 2 seperate orders, so that means my margin requirements double.
Is there a way around this? Maybe placing my orders a different way?
Here is the original message from MB Trading explaining it (again):
Basically, MB Trading does not support OCO orders.
So what happens is Ninja is sending us 2 sell orders. One gets registered to close the position and the other sell order is viewed as shorting the position. Since the 2nd order is being viewed as shorting, it requires buying power to support it.
What we have are TTOs.
Threshold Triggered Order (TTO) - (Forex and Equities)
Specify two prices, an upper and lower trigger. Once the market trades at either price, a market order is sent. This order type was designed to help limit potential losses and lock-in potential profits.
Any help here would be appreciated!!
Thanks in advance!
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