Allocation Orders
Instructions
An Allocation Order enables you to manage the allocation of an order across multiple accounts efficiently. An allocation order can be used to:
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Reduce or exit an existing position
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Increase or open a new position
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Rotate positions (close some and open others almost simultaneously)
The Allocation Order Tool is used to adjust the position in one contract for multiple accounts . In order to configure allocation orders, please take the steps outlined below.
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Click the Menu button in the top left corner followed by > Trade > Order Ticket.
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Click the desired asset category from the top tabs. Enter the Symbol in the search box.
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The full Order Ticket populates where you can enter and configure the allocation orders.
Create an Allocation Group
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To create an allocation group, select the
icon in the top right corner.
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Enter an allocation group name at the top of the page and select the desired accounts from the Available Accounts section.
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Select an Allocation Method from the drop-down menu.
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Click Save once completed.
Select an Allocation Group for Trading
To select an Allocation Group in the Order Ticket, please take the steps outlined below.
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Click the All Accounts/Groups blue button in the top right corner.
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A window will populate on the right-hand side. Select the Allocation Groups tab.
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Click the desired group and select Save. The Order Ticket will update with the accounts included in the group.
Additional Allocation Method Information
Prior to submitting a group allocation order, there will be an additional Allocation Method section where you can enter specific allocation method information. To navigate to this section, please take the steps outlined below.
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After selecting a group (or multiple accounts), you will see an Allocation Method section populate at the bottom of your screen.
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Select the view all button to view and select any of our allocation methods.
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Select the Allocation Method and click the Set Allocation Method.
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Enter the additional Allocation Method Parameters.
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Click Calculate Proposed Orders. The Allocation Values will populate in the chart.
You may edit the columns in the Allocation Value chart by clicking the black configure wheel icon.
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Enter the Order Settings and press Submit to transmit this Allocation Order.
Note:
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The Allocation Method is currently available only for stock allocations.
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The Allocation Method is hidden when an allocation is for a single account.
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When selecting the account group, the default group allocation is not automatically selected unlike when using the side order ticket.