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Settings

Settings sets a Max USD notional that rejects oversized orders, shows times in local time or UTC, and chooses which order notifications you see.

Settings has three sections: Risk, which sets a limit on the size of any one order, Time zone, which sets the clock the terminal shows, and Notifications, which chooses the order notifications you see.

Opening Settings

Click your avatar at the right of the top bar, then Settings. Settings opens on Risk. Pick a section from the list on the left.

Risk

The Risk section sets a maximum order size in US dollars. When it's on, Aura rejects any order whose notional is at or above your limit. It's there to catch a mistyped size before the order reaches the exchange.

A chip beside the section's heading reads Enabled or Disabled. It follows the switch as you flip it, before you save.

Setting the limit

  1. Turn on Reject orders above a max USD notional.
  2. Enter your limit in the box beside USD.
  3. Click Save risk settings.

When the limit is saved, a message reads "Risk settings saved." To remove the limit, turn the switch off and save.

Type the amount as a plain number, such as 25000 or 2500.50, with no commas or currency sign. It must be above zero and can have up to 18 decimal places. If the amount isn't accepted, a message says so.

If the section can't load your settings, it reads "Could not load risk settings." Click Retry to load them again.

What the limit covers

The limit is one setting for your whole profile, not for one account. It applies to every order you place, on every account, Live and Paper alike.

It covers markets quoted in USD, USDT, USDC or USDG. Orders on markets quoted in anything else aren't checked.

Each order keeps the limit that was set when you placed it. Changing the limit later doesn't change orders already placed.

How Aura values an order

Aura compares the order's notional in USD with your limit. The notional depends on how the order is sized and which algo it uses:

OrderNotional Aura checks
Sized in the quote currencyThe amount you entered.
On an inverse perpetualThe order's size, which is already in USD.
DMA buySize × limit price.
DMA sell with Post only onSize × limit price.
DMA sell as IOC, or Post with Post only offSize × the higher of the limit price and the best bid.
Chase, TWAP or Sniper sized in the base coinSize × the best ask for a buy. A sell is valued at the higher of the limit price and the best bid, since it never fills below its limit.
SpreaderEach leg checked on its own. The lead leg is valued as above, and the hedge leg at the best bid for a buy spread or the best ask for a sell spread. Either leg at or above the limit rejects the order.

An order that needs a book price to check waits for one before it sends anything to the exchange. A DMA sell that needs the best bid can't wait, so with no price it's rejected.

When Aura checks

Aura checks the order when it starts, before anything is sent to the exchange.

An order set to start later is checked when you place it, not when it starts. If the market has no price at that moment, the order is rejected.

When you amend an order, Aura checks the amended order against the limit again. An amendment that breaks the limit is refused, and the order stays as it was.

Aura checks once more when it applies the amendment to a working order. If the order breaks the limit at that point, for example because the price moved, Aura cancels the order.

What you see

The order ticket doesn't warn you before you submit. Aura checks the order once it's placed, and an order over the limit ends as rejected.

Open the order to see why. Its reason reads Above your Max USD notional, and the detail gives the figures:

DetailWhen
"The order's notional of 2000 USD (10 at 200) is at or above your Max USD notional of 2000 USD."The order is at or above the limit.
"Couldn't check the order against your Max USD notional: the market has no price yet. Try again shortly."The check needed a price and the market had none.

See Managing orders for the order's detail view.

Time zone

The Time zone section sets the clock for every time the terminal shows.

Under Show times in, pick one of:

ChoiceWhat it shows
LocalYour browser's time zone. The button names it, such as Local (EDT).
UTCCoordinated Universal Time.

The terminal starts on Local. Your choice takes effect as soon as you click it and is saved to your Aura profile, so it follows you to other browsers and devices. The choices are grayed out until your saved preferences have loaded.

What it changes

The setting changes every timestamp the terminal shows, including:

  • the chart's time axis
  • the trade tape's times
  • your orders, order history and each order's details
  • the ticket's Starts and Expires times
  • as-of times on balances and account notices
  • exchange maintenance notices
  • Portfolio's value chart and as-of times

A time names its zone, such as 20:08:35 EDT or 00:08:35 UTC. Where a whole column shares one zone, its header names it once, such as Time (UTC) on the trade tape.

What it doesn't change

Orders are stamped in UTC whichever you pick. The setting only changes how times are shown.

On a dated future, the market header's Expires shows the expiry date in UTC when you hover it, whichever you pick.

Notifications

The Notifications section has a switch for each kind of order notification:

SwitchNotifies you when
Order placedAn order starts working, or is scheduled to start later.
Order finishedAn order fills, is cancelled, expires or is rejected.
Child order rejectedThe exchange refuses one of a working order's child orders. A price the exchange refuses doesn't count: the order sends its next one at once.

All three start on. A switch takes effect as soon as you flip it and is saved to your Aura profile, so it follows you to other browsers and devices. The switches are grayed out until your saved preferences have loaded.

The switches cover only the notifications at the bottom right of the screen. The bell lists your finished orders whichever you choose, and an order the ticket can't send always says so. See Notifications.