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Portfolio Margin introduces a unique approach to order management. It allows traders to utilize various order types based on their trading strategies, which can optimize risk management across multiple accounts.
This article will focus on the order logic in the Portfolio Margin mode, detailing the available order types, execution, and the potential limitations you may encounter.
In the Portfolio Margin mode, you can access a wide range of order types, including:
Classic Orders:
Conditional Orders:
Please note:
Advanced order types, such as Stop Limit, Stop Market, Trailing Stop, are also known as strategy orders. They are executed through a separate strategy service system, which adds an additional layer of complexity to the Portfolio Margin order logic.
The execution of conditional orders, such as Stop Limit, Stop Market, and Trailing Stop Orders, is subject to various factors, such as market conditions. Therefore, they cannot guarantee execution. Please take note of all potential risks when placing these types of orders. Binance shall not be liable for any resulting losses.
Conditional orders are managed separately in the trading interface, which lets you manage your positions more effectively.
Before being triggered, you can view them under the [Untriggered Orders] tab from [Open Orders] or [Order History].
Once a strategy order is triggered, it will be moved to the [Normal Orders] tab.
Portfolio Margin benefits from cross-system interaction between the main trading platform and the strategy service system. It enhances the versatility and capabilities of users’ trading experience. However, network latency and other factors might occasionally cause minor disruptions.
For example, brief synchronization delays might occur when you cancel an order or view your order history. They could result in a slight lag in cancellation requests or order status updates. Rest assured that these instances are not frequent and can generally be resolved quickly.
In Portfolio Margin, the Reduce Only order logic differs from the one-way position mode in the default mode. Reduce Only orders are used to close a position or decrease its size, and cannot be placed to open a position in the opposite direction.
If the remaining quantity, calculated by taking the absolute value of the position quantity and subtracting the sum of the order quantity for closing the position, is less than the order quantity, the Reduce Only (RO) order will be rejected.
Formula:
Remaining Quantity = abs (Position Qty) - abs (Sum of Close Position Open Orders Qty)
Sum of Close Position Open Orders Qty: The combined quantity of all open orders placed to adjust or close the existing position.
For more details on the Binance Portfolio Margin Program, please refer to:
