AscendEX Futures currently supports two holding modes.: Cross and lslolated.
I. What are Cross Margin/Isolated Margin Trading Modes?
1. Cross Margin Mode: The contract allows holding both long and short positions simultaneously. Margin is shared among open positions.
2. Isolated Margin Mode: The contract allows holding both long and short positions simultaneously. Each position has independent margin and they do not affect each other. If one position is liquidated, it will not affect the other positions.
II. How to Switch Position Modes
Click on "Cross Margin" in the trading menu - select the desired position mode and click "Apply".
III. Notes
1. Before switching position modes, ensure there are no open positions or pending orders in the current position mode. If there are open positions or pending orders in the current mode, all positions must be closed and pending orders cancelled before switching;
2. Cross-margin mode only supports full margin. In cross-margin mode, all your contracts will share the account margin. If you hold multiple contract positions, please closely monitor your account contract margin ratio information and open positions cautiously to avoid margin calls due to increased margin requirements for new positions;
3. In isolated margin mode, the isolated margin mode can be switched at any time while holding positions;
4. One-way position mode supports setting "Reduce Only" orders. A "Reduce Only" order only allows orders to reduce the position size, ensuring that the position will not increase, thus preventing unnecessary open positions caused by market reversals that would otherwise trigger profit-taking orders. For two-way and split-position modes, each position will only be long or short, and will not reverse, so the "Reduce Only" option has been removed from the order. Correspondingly, the original two directions, "buy" and "sell", have been changed to four directions: "open long", "open short", "close long", and "close short".
For more information, please read Reduce Only.
