• No : 10539
  • Updated Date : 2021/03/11 16:56
  • Modified on : 2023/01/19 10:05
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[J-GATE3.0]What is the boundary between acceptance and rejection of orders in terms of Max size and the value set in the cumulative upper limit control function?

What is the boundary between acceptance and rejection of orders in terms of Max size and the value set in the cumulative upper limit control function?
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Answer

1) For Max Size (Hard Limit), the order is accepted when the quantity or price per order is less than the upper limit set.
The order is rejected when the quantity or price per order exceeds the upper limit set.
 
e.g., The upper limit is set as 100.
 
Order A: Quantity 50: Accepted
Order B: Quantity 99: Accepted (under 100)
Order C: Quantity 100: Rejected (above 100)
Order D: Quantity 150: Rejected
 
2) Cumulative Upper Limit Control Function is activated for the relative Tradable when the upper limit set is exceeded and breaches.
After having activated, orders to the relative Tradable are rejected.
(Cancellation can be sent even during the function is activated.
Once the Current Consumption is reduced under the upper limit by cancellation and/or execution, this function is automatically deactivated.)
 
e.g., The upper limit is set as 100. (Order is sent in order A, B, and C)
 
Order A Quantity 50: Accepted
Order B Quantity 50: Accepted (A+B=100, the next order will be blocked rejected).
Order C Quantity 50: Blocked (Rejected) (A+B+C=150)