Support Board
Date/Time: Sun, 24 Nov 2024 00:11:38 +0000
Post From: Teton Order Routing - Margining at the parent level
| [2024-11-08 23:39:57] |
| User987654 - Posts: 69 |
|
Hi, I am in the process of setting up an account with Phillip Capital to use with Teton order routing. I asked for multiple sub-accounts in order to trade different strategies on the same futures contract (so I can correctly manage position sizes). Initially they thought it would be possible to have the parent account handle all the margin and PnL requirements for the sub-accounts. "We generally create one parent account for margining purposes so if one strategy losses and it goes negative, you can seamlessly sweep excess funds in the other strategy to cover any shortfall for the other strategy." But now they are saying this is not possible because of limitations with Sierra and I would need to margin on a per sub-account basis. This either requires increasing funds held in each sub-account or regularly transferring funds between sub-accounts. Would this be an easy fix on your side or will it require alot of programming? |