The information on the EQUOS Order Form is split into two sections:

  • Order Leverage Info: containing all information related to the order entered into the order form.
  • Account Leverage Info: containing all information related to all positions in the account.

Before entering any orders, the user can see the following fields on the Perpetual Order Form:

Perpetual Order Form Information

Explanation of the fields

Order Leverage Info

  • Order Notional: Notional amount of the order entered
  • Initial Margin: Additional Initial Margin required for the order
  • Margin Liquidation Trigger: Change in Margin Liquidation Trigger as a result of placing the order
  • Account Leverage: Change in Account Leverage as a result of placing the order
  • Buying Power: The additional notional you can buy
  • Selling Power: The additional notional you can sell

Account Leverage Info

  • Account Leverage: Amount of overall leverage of the account, including all positions
  • Unrealized P&L: Amount of Profit or Loss on open derivative positions
  • Margin Liquidation Trigger: Margin Liquidation Trigger for existing open position(s)
  • Initial Margin: The amount required for existing open position(s)
  • Reserved Margin Buys: The amount reserved for open Buy orders
  • Reserved Margin Sells: The amount reserved for open Sell orders
  • Notional Position: The total notional amount of existing open positions
  • Available Margin: The amount of Margin available to spend on new or increased derivative positions
  • Total Account Margin: The total amount (value) of margin in the account
  • Total Value: Total value of all positions in the account, including those that cannot be used for margin

To learn more about how these fields are calculated, please refer to:

The Order Form on EQUOS is interactive, which means that when you enter a specific order amount and, for a limit order, a limit price, the fields above will update. There is a fundamental difference between the way the fields update for a Market Order and the way the fields update for a Limit order. This is due to the way Market and Limit Orders are treated.

Market Order

Limit Order

Sending a ‘Market Order’ means the order would be executed immediately and thus would result in an (additional) position straight away. The ‘Order Notional’ is a function of the ‘Order Amount' inputted and the ‘Mark Price’. The increase in notional position can be seen under ‘Account Leverage Info’.

Market Order the open position notional increases, whereas for Limit Order the open order notional increase.

The ‘Unrealized P&L’, ‘Total Account Margin’, and ‘Total Value’ fields are not updated as a result of inputting an order amount, but you should note that they may change in value upon execution of the order depending on trading fees, the order execution price, and the ‘Mark Price’.

On the Order Form, we assume that any ‘Limit Orders’ would not be filled straight away (note that this an assumption only - depending on the order book and the limit price, a limit order may be filled instantly). Therefore, we assume the Limit Order would result in an open order, but the Notional Position does not increase. The Order Notional is a function of the Order Amount and the Limit Price.

As Initial Margin includes Reserved Margin, the Initial Margin still increases. Available Margin also still reduces. However, as there is no immediate increase in position, the Margin Liquidation Trigger will remain unchanged, as does Account Leverage. The amount in Reserved Margin Buys increases, and shows the part of the Initial Margin that is reserved for open buy orders.

The Unrealized P&L, Total Account Margin, and Total Value fields are not updated as a result of inputting an order amount, but you should note that they may change in value upon execution of the order depending on trading fees, the order execution price, and the Mark Price.

For further assistance or more information, please contact our Customer Support team via help@equos.io or click on the chat widget at the bottom right-hand side of the EQUOS page.

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