You are here: Specialized Trading Tools > Quantity Calculator > Calculate Order Quantity

Calculate Order Quantity

Use the Quantity Type and Quantity Value fields to calculate your order quantity based on:

 

For example, say you have a Net Liquidation Value of 40,000. XYZ shows a current ask price of 80.00. If you create a buy order for XYZ, select "% of NLV" as the Quantity Type and enter "20" in the Quantity Value field, you're telling the application to calculate the number of shares you could buy for 20% of $40,000 or $8000.00, based on the Ask price of $80.00. The calculated Order Quantity value of "100" is then displayed in the Quantity field.

To display the Quantity Type and Quantity Value fields

  1. Right-click on any column name in the Order Management section of the trading screen, and click Customize Layout.
  2. Click the Order Columns tab. In the Available Columns list in the Quantity section select Quantity Type and Quantity Value and Add them to the Shown columns list.

To calculate order quantity by currency

  1. Create an Order by clicking the bid or ask price.
  2. In the Quantity Type field, select the currency type. This field assumes the base currency.
  3. In the Quantity Value field, enter a currency amount. For a buy order, enter the amount you want to spend. For a sell order, enter the amount you want to make. Based on the current bid/ask, your value gets rounded up or down.

The order quantity is calculated and displayed in the Quantity field.

To calculate order quantity by Deliverable Value (DLV Amount)

  1. Create an Order by clicking the bid or ask price. See Deliverable Value (DLV) Calculation for more information.
  2. In the Quantity Type field, select DLV Amount.
  3. In the Quantity Value field, enter the dollar amount of your deliverable value you want to use to calculate the order quantity.

The order quantity is calculated and displayed in the Quantity field.

To calculate order quantity as a % of your Net Liquidation Value (% NLV )

  1. Create an Order by clicking the bid or ask price.
  2. In the Quantity Type field, select % NLV The Net Liquidation value is the first value in the upper left Balance area of the Account window.
  3. In the Quantity Value field, enter a percent value that will multiplied by your NLV to calculate a dollar amount.

The order quantity is calculated and displayed in the Quantity field.

To calculate order quantity as a % of position change

  1. Create an Order by clicking the bid or ask price.
  2. In the Quantity Type field, select % Change in Position.If you do not hold a position in the selected underlying, you will not see this selection.
  3. In the Quantity Value field, enter a percent value that will multiplied by your position to calculate the order quantity.

If your position is negative, you must enter a negative percent value to calculate a positive order quantity.

The order quantity is displayed in the Quantity field.

Important Disclosures