The following features have been incorporated within the MF Global Spreads trading platform. They provide our customers with one of the most advanced and flexible trading and account management tools available.
Orders-aware Margining – Greater Flexibility To Trade
The margins offered by MF Global Spreads are highly competitive. In addition our orders-aware margining system has been developed to help you make the most of your available trading resources. When calculating your funding requirement, we may take account of any orders tied to open trades on your account. These orders may release funds already allocated to open trades and may reduce your risk to a given market. Our Phoenix system does the calculation for you, so whether you are dealing via the Internet or talking to one of our dealers, you will know instantly how to make the most efficient use of your resources.
Flexible Account Management
We offer our customers choice in account management. All accounts are initially set up to match trades on a "first-in, first-out" basis, but this can be overridden permanently, or on a trade-by-trade basis, to enable you to choose how your bets are closed.
You are free to run long and short positions in the same market at the same time, without being penalised by paying "double spread" when you come to match out the trades.
Support for Complex Trading Strategies - One-Cancels-the-Other (OCO) Orders:
OCOs are where two orders are left at the same time, above and below the current market level. If one is triggered then the other is cancelled.
You may believe that when a market reaches a level higher or lower than where it is currently trading, this should be taken as a signal to open a trade in a certain direction and cancel the other part of your order.
Our system not only supports these orders but also allows you to use them in combination with other stop and limit orders.
Contingent Orders:
A contingent (or "if done") order is where a stop or limit order is placed and, "if done," a second order is automatically set against the new open position.
Orders contingent on another event happening are a popular way of managing a position. In the most common scenario, a limit or stop order is placed which will be executed if the market reaches a certain level. A contingent order is then placed against this first order when triggered. The second part of the order cannot be acted upon unless the first part has been executed.
Our system fully supports this type of order, which in combination with the other orders described, adds yet another level of flexibility to the trading tools available to you.
