Preference - Portfolios

When enabled, a running number is automatically created for a new portfolio as the portfolio ID, starting from number 1. When enabled, the next available number is set as the portfolio ID in the Portfolio window.

When enabled, the Memo section on the Overview shows the memos for all of the selected customer's portfolios at the same time, instead of showing only the memo of the selected customer or portfolio.

You can configure how many portfolios are shown in the "Portfolio hierarchy" section in Overview, allowing you to control how many portfolios are shown for example when viewing a large portfolio group. By default, 500 portfolios are shown.

Choose this option if you want to fix the amount and trade amount of the trade orders created by rebalancing and adjust the unit price to match the amount * unit price = trade amount (default option). With this option, you will end up with trade orders that should be executed "with trade amount", since the trade amount equals the difference in the position between the rebalanced portfolio and the model portfolio.

However, when selling away an entire position or all securities in the portfolio, the trade orders are always calculated based on the amount/units. In addition, in such a scenario, you can set up rebalancing to create the sell trade orders with a different transaction type (see Select the transaction type used for trade orders when selling an entire position below).

Choose this option if you instead want to fix the amount and unit price of the trade orders created by rebalancing and adjust the trade amount to match the amount * unit price = trade amount. With this option, you will end up with trade orders that should be executed "with the amount", since the amount and unit price equal the difference in the position between the rebalanced portfolio and the model portfolio on the rebalancing date.

Despite the method you selected, the trade orders are formed with the same logic, and the amount is always calculated in the same way - this selection determines whether the final trade orders are created by adjusting the unit price or trade amount to achieve valid calculations for amount * unit price = trade amount.

Example: you need to buy for 300 €, your unit price is 8 € per share. → Number of shares you need is 300 € / 8 € = 37,5. However, if you are buying a stock with 0 decimals allowed, then you actually get only 37 shares. Preferences come into play on what to adjust in the order:

Trade orders created by rebalancing indicate whether the trade order was created based on trade amount or units, as defined in the Rebalancing Preferences. This information is stored on the trade order as trade order's Execution method (available from FA 3.8 onward) and in trade order's "Internal info" as follows:

When you are using the default setting to "Create trade orders based on trade amount", most trade orders are calculated based on the trade amount (execution method "Net trade amount" and internal info "type=CASH"), but when selling away an entire position or all securities in the portfolio, the trade orders are always calculated based on the amount / units (execution method "Units" and internal info type=UNITS). In addition, in such a scenario, rebalancing supports creating the "sell units" trade orders with a different transaction type (configurable in Rebalancing Preferences).

Choose the transaction type used to create buy trade orders from rebalancing. This is the transaction type used for all buys.

Choose the transaction type used to create sell trade orders from rebalancing. This is the default transaction type used for sells.

Choose the transaction type used for sell trade orders when rebalancing creates a sell trade order based on units instead of trade amount, for example when selling away an entire position from a portfolio. If left empty, the selected sell type is used for all kinds of sell trade orders.

Define a target range, or minimum and maximum, for the portfolio's cash balance: When restricting rebalancing to accounts, the portfolio is rebalanced and trade orders are created only if cash is outside of the defined target range. You can for example define that if there is between $0 and $10 on your account, the portfolio would not be rebalanced at all to avoid unnecessarily small trades when there is only a little cash. Defaults for minimum and maximum are 0, resulting in the target range of 0 cash balance.

Define how much negative cash balance is increased when restricting rebalancing to accounts in order to ensure positive cash balance after all trades have gone through, even if the market fluctuates unfavorably. You can define the buffer both as a percentage and in currency when the system would use the value resulting in a larger buffer.

For example, if you have -100€ on your account and the increase is defined as 20% (buffer 100€ * 20% = 20€) and 10€, rebalancing would use cash worth -100€ - 20€ (larger buffer used, 20€ > 10€) = -120€, that is rebalancing would sell more to ensure the negative balance is covered.

Define how much positive cash balance is decreased by when restricting rebalancing to accounts in order to ensure a positive cash balance after all trades have gone through, even if the market fluctuates unfavorably. You can define the buffer both as a percentage and in currency when the system would use the value resulting in a larger buffer.

For example, if you have 100€ on your account and the decrease is defined as 20% (buffer 100€ * 20% = 20€) and 10€, rebalancing would use cash worth 100€ - 20€ (larger buffer used, 20€ > 10€) = 80€, that is rebalancing would sell more to ensure the positive balance is covered.

Define a number between 0 and 100. The default is 100, indicating that 100% of cash from sales is used to generate buy orders. This setting is considered when you use a rebalancing method that "buys with cash from sells": this setting limits how big a share of the sell's value is used to generate buy orders.

With this setting, even if prices drop between the time of the rebalance and the time of the sell order execution, you are more to get enough cash from your sells to execute your buys. This is because your buys were not generated expecting 100% from your sells but a smaller percentage such as 90% or 95%.

Example: You have 100€ cash in your account. Position A in your portfolio is 100€ above the target. Position B is 200€ below the target. You are going to do a full rebalance.

Allows you to determine how you want the rebalancing window to show your positions, whether you want to aggregate positions or whether you want to group positions per portfolio.

Allows you to rebalance your portfolios with 15-minute delayed real-time prices. Every time you trigger a rebalance on your portfolio(s), the market price connector fetches the latest available prices for all your positions' securities and uses the prices when calculating your trade orders.