+1 888 340 6572
MultiCharts Project Management
previous_open_issue.png
Go to the previous open issue
previous_issue.png
Go to the previous issue (open or closed)
star_faded.png
Please log in to bookmark issues
feature_request_small.png
Open Feature request MC-2456

Add INTRADAY margin orders type for italian broker WEBANK throught its proprietary T3 Open interface software

action_vote_minus_faded.png
3
Votes
action_vote_plus_faded.png
next_issue.png
Go to the next issue (open or closed)
next_open_issue.png
Go to the next open issue
Description

Webank (Italian Broker) allow to place INTRADAY margin orders ( trades must be close within the day) on futures with a LOWER margin requiremente than regular margin.

EXAMPLE: To buy a MiniDax the regular margin is 4500 Euro but if you buy it as an INTRADAY MARGIN order the margin required is just 1000 euro.

If for example in my account I have 2000 euro actually with Multichart everytime I try to send an order I receive the "insufficient liquidity" error and the order is rejected.
I talked with Webank and they suggested to verify if multichart are sending the correct type of order and indeed I discovered this issue.

It should be a really easy fix because the only thing needed from MC programmer is to change some parameteres for the order string.

I'm not sure how many MC users are actually using WEBANK but it would be a really appreciated feature because it's really hard to run 2 or 3 strategies on a simple minidax (that woud require more than 12k euros of margin) so imagine how it could be on the big DAX future....

As stated, more details is better so :

If you look at the T3 OPEN manual (T3 Open is the software from webank that connect to MC) you can see that the from the push flow of data (for example for EUREX) they have the keyword / parameter

"cred_cassa_cd_eurex" wich is the INITIAL MARGIN REQUIRED for the Eurex instruments

and then they have the

"cred_cassa_marg_cd_eurex" that is the INTRADAY MARGIN CREDIT for the EUREX instrument.

I think that this PARAMETER is the only thing that differenciate a normal order from a intraday order... so to solve this issue it would probably require to just use the other parameter to the order string construction.
The T3 OPEN manual is here (https://www.webank.it/wscmn/doc/ret/Manuale_T3_open.pdf )

Comments (0)
There are no comments
History
Issue basics
  • Type of issue
    Feature request
  • Category
    Not determined
  • Targeted for
    Not determined
  • Status
    Under Review
User pain
  • Type of bug
    Not triaged
  • Likelihood
    Not triaged
  • Effect
    Not triaged
Affected by this issue (0)
There are no items
People involved
Times and dates
  • Posted at
  • Last updated
Issue details
  • Resolution
    Not determined
Attachments (0)
There is nothing attached to this issue
Commits (0)
There are no code checkins for this issue
Duplicate issues (0)
This issue does not have any duplicates