Posted: Oct 15, 2014 @ 06:54 PM             Msg. 1 of 6

We have a VIP customer who is under the impression, as we are, that the subscription count for quotes is not changed by existing positions. Under this impression, the quotes for existing positions would be "free", i.e., not count towards the quote subscription limit.

However, he repeatedly received "subscription limit 50" messages today. He had 4 pending, ~15 open and ~40 closed orders when I saw his account. He had no charts open or option strikes subscriptions at that time. The only way he could have hit his limit is if the quote sub that comes automatically with positions was being counted against the quotes limit. Note: most of these were options positions.

Q1: Can you confirm that the quotes for position are now counting against subscription limits? If not, then we have another problem that I'll need to debug.

Q2: If the quotes for position are now counting against subscription limits, we wonder if you could unsubscribe to quotes for closed positions on server-side for us, or at least let us unsubscribe to their quotes.

Q3: Perhaps quotes on regular futures positions don't count against the limit, but options positions do count against the limit? If this is so, then it would be helpful for the documentation to note this fact.

Thanks,
Edited by CWeber984 on Oct 15, 2014 at 19:00:37

Posted: Oct 16, 2014 @ 03:17 PM             Msg. 2 of 6

Hello Chris.

Q1: Quote subscriptions for existing positions do count towards the quote subscription limit.

Q2: We are in the process of fixing this so that subscriptions to quotes for closed positions will be automatically unsubscribed.

Q3: There are separate limits for futures and options.


Thanks,

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Zachary Day

Posted: Oct 16, 2014 @ 05:32 PM             Msg. 3 of 6

Q1: Ah, thank you for clearing up my bad information.

Q2: This upcoming fix will be great for our traders who open/close lots of positions per day; we won't have to request that their subs limit be raised as often.

Q3:
I see this in the documentation for Getting Started/Market Data:

Currently, OEC has the next limits:
Quotes - futures-related quote subscriptions

I see in my OECAPI()->Properties list that I have these quote limits:

Quotes : 50
QuotesOptions : 0

I've often had up to 10 options positions open at a time, and subscribed to 20-30 options strikes at that same time, and never experienced any issue. So, I have no idea how to apply the QuotesOptions limit. Is this is the separate limit for options you mention? If so, could you briefly explain how to apply this limit?

Thanks,
Edited by CWeber984 on Oct 16, 2014 at 23:19:43

Posted: Oct 16, 2014 @ 06:03 PM             Msg. 4 of 6

If QuotesOptions == 0, the Quotes value is used. So it should be 50 for both.

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Zachary Day

Posted: Oct 16, 2014 @ 06:45 PM             Msg. 5 of 6

Tx for the quick response.

I often get a bit confused about what "for both" means. Do you mean that since my QuotesOptions is 0, then QuotesOptions == 50, and Quote also == 50, or that Quotes + QuotesOptions == 50?

Q2: Do you have a timetable for when the closed position quote count enhancement/fix will be posted?

Thanks again,

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CHW

Posted: Oct 17, 2014 @ 10:08 AM             Msg. 6 of 6

Q1: QuotesOptions == 50, and Quote also == 50

Q2: We are working on this.

Thanks,

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Zachary Day