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- Kodiak OMS checks if a new order from the customer exceeds his daily turnover limit. If the order will exceed the daily turnover limit the order will be rejected.
- The system checks if the order is within a defined order limit.
- The system can be configured to reject orders if the price of order is far away from the price on the market.
Buy order can not be X tick sizes higher than the best sales price.
Sell order can not be X tick sizes lower than the best buy price. - Front end DMA user will receive a warning in Kodiak PRO if his order will be executed right away.
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