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Condition Cards - Max Qty to Buy or Sell

This article details the different types of Condition Cards available, their definitions, and features.

1. Max Qty to Buy on Margin

This condition card refers to the highest number of shares or contracts of a specific security that can be purchased using margin.

This card is only applicable to strategies for stocks, ETFs, warrants, CBBCs, and options. However, it does not apply to futures. The maximum quantity to buy may vary depending on the specific order type and price.

Stocks are counted in shares, whereas futures and options are counted in the number of contracts.

 

2. Max Qty to Buy on Cash

This condition card refers to the number of shares or contracts of a specific security that can be purchased using cash.

This card is only applicable to strategies for stocks, ETFs, warrants, and options. However, it does not apply to futures. The maximum quantity to buy may vary depending on the specific order type and price.

Stocks are counted in shares, whereas futures and options are counted in the number of contracts.

 

3. Max Qty to Sell

This condition card refers to the number of shares or contracts from the long position of a specific security that can be sold.

When the long position exceeds the short position, the maximum quantity to sell is greater than or equal to zero. An unfilled limit sell order may cause a portion of the long position to be frozen, and reduce the available quantity to sell.

When the short position exceeds the long position, the maximum quantity to sell is zero.

Stocks are counted in shares, whereas futures and options are counted in the number of contracts.

 

4. Max Qty to Buyback

This condition card refers to the number of shares or contracts from a short position in a specified security that can be purchased to close the position.

When holding a net long position, the maximum quantity to buy back equals zero.

When holding a net short position, the maximum quantity to buy back is greater than zero. An unfilled limit buy order may cause a portion of the short position to be frozen, and reduce the available quantity to buy.

Stocks are counted in shares, whereas futures and options are counted in the number of contracts.

 

5. Max Qty to Sell Short

This condition card refers to the highest number of shares or contracts of a specified security that can be sold short.

This card is only applicable to strategies for stocks, ETFs, warrants, and options. However, it does not apply to futures. The maximum quantity to sell short may vary depending on the specific order type and price.

Stocks are counted in shares, whereas futures and options are counted in the number of contracts.

 

6. Initial Margin per Contract

This condition card refers to the initial margin applicable for each contract. The initial margin per contract may vary depending on the type of order and the price.

The margin is denominated in the currency used to price the underlying security. For example, the initial margin per contract for S&P 500 index futures (US.ESmain) is denominated in US dollars.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Our platform makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.