Sending orders based on portfolio targets
We now have the components of our trading app built to add flexibility to the way we submit orders. By combining real-time position data and portfolio net liquidation value, we can build more sophisticated order techniques. For example, now that we can access current positions, we’re able to dynamically adjust our positions to align with quantity or value targets. Similarly, with live net liquidation value, we can calculate order sizes as a percentage of the portfolio. Building orders based on portfolio percentage targets unlocks advanced portfolio and risk management capabilities. This integration results in a more responsive trading system that is capable of adapting to market changes swiftly and executing orders that are consistently in tune with our overall risk management and investment objectives. In this recipe, we’ll implement methods to submit orders based on target values, quantities, and percentage allocations.
