Buying small amounts unlikely to allocate

A. On re-balance switch instructions where the buy instrument deal in whole units, the amount to buy for can be to small to allocate at least one unit.

B. The same issue applies to instruments that have fractional units, but higher prices and few decimals.

Example: If an instrument’s units is recorded as 2 decimals and the price of the instrument is R 500, then 0.01 unit would be R 5. Do not attempt to buy if the buy amount is < R 5.

When the dealer instruction is created, the system does a validation and stop the buys that are too small.

Last Updated on 5 years ago by Antoinette Van Meyeren