Equity Stop
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As per Formaltrade request, Deutsche Bank can confirm the nature of trade execution on dbFX, as well as the functionality of the “Equity Stop” feature. Trade execution on the dbFX Trading Station is entirely Automatic/STP (straight through processing). As such that there is NO “manual confirmation” or “dealer intervention” whereby trades are approved or rejected by a dealer. The equity Stop shall be set by Formaltrade, it will be applied to all accounts in each allocation module we are using (e.g. all account in our Euro denominated Percentage Allocation Management Modul).
It references the total loss incurred in these accounts in the 24 hour period between 4PM “Losable equity stop level reached. All open floating positions are liquidated. Trading restricted until next business day” a) There is a total of € 5,000,000 among different account in our allocation module b) The equity stop is set to € 100,000 c) There are no trades open at 4PM If trading results in losses of over € 100,000 before 4PM For more detail information please do not hesitate to contact us: |