Flash Close Operation Tutorial (Web)
Flash Close is a function that would help users to place orders with top 30 optimal prices based on the BBO price orders. In other words, users could close positions with top 30 optimal BBO prices as fast as possible. However, if there are positions left not closing, the unfilled parts will convert to Limit Order automatically. The close prices of Flash Close are predictable, avoiding the losses caused by unfilled orders when market moves violently.
Method 1. Scroll down to “Close” area, choose “Flash Close”, enter the number of closing positions and click “Close short/long” to place the order.
Method 2. Scroll down to the “Open Positions” area, choose “Flash Close”, enter the number of closing positions and click “Close short/long” to place the order.
If system tells that top 30 optimal prices can't fulfill the condition of magin rate greater than zero after the position closing due to violent market or low margin rate, flash close would fail.
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