I have a trade placed. MC then sends contingency orders (stop loss and profit target) after the position is opened. However LMAX system seems to treat the 2 working orders (SL PT) as individual open orders and hence utilizes 2 sets of margins. So for 1 open position I have to have 3x margin.
I spoke to LMAX customer service and
So my question is how do I enter the position with the SL and PT attached to the initial trade and not as 2 separate open orders?ok this is a point in the system where the LMAX system will measure current exposure and will reject contingency orders coming in separately from the opening position however, orders entered on the MC system I believe are held locally on that system and fire in market orders, it would be best to ask MC how there system works.
ok the reason for this is that the system does not attach it as a closing order so therefore incorrectly assumes its an opening position the only way is to either enter the position with the contingency orders attached or enter the LMAX system click on individual positions and this will then allow you to enter both sl and tp in the box as points.
Can anyone with experience in LMAX advise me on this?