What is an Allocation Order?

Overview:

Account holders receiving the following message "At the moment, orders for this contract are only accepted if they are close or reduce open positions. Please contact Client Services for assistance" will not be able to place orders that would open or increase positions in the specific security…

The Rebalance page lets you manage a set of accounts for which you want the positions to follow a specific set of target allocation percentages. This Rebalance page can be used to:

• Set target allocations for a set of accounts.
• Preview the order quantities needed to achieve those target allocations…

Use Allocation criteria to define how to populate the Allocation values Quantity and Cash Quantity in the Accounts table. You can only set one of these Allocation methods.

• Increase (decrease) position by: Specify a percentage by which you want to increase (for a buy order) or decrease (for a sell order) positions for the selected accounts…

Closing multiple positions simultaneously, such as a long stock position and a long put position, without creating a margin deficit can be challenging in certain situations. Here are some key points to consider:

1. Alternative order types: If you are experiencing difficulties closing multiple positions at once due to margin constraints, explore using different order types that may be more suitable for your situation…