Supported Models

The DefaultBrokerageModel supports trading for all asset classes.

The following sections describe how the DefaultBrokerageModel handles orders.

Order Types

The following table describes the available order types for each asset class that the DefaultBrokerageModel supports:

Order Type	US Equity	Equity Options	Crypto	Crypto Futures	Forex	CFD	Futures	Futures Options	Index Options
Market
Limit
Limit if touched
Stop market
Stop limit
Market on open
Market on close
Combo market
Combo limit
Combo leg limit
Exercise Option		Not supported for cash-settled Options

Time In Force

The DefaultBrokerageModel supports the following TimeInForce instructions:

• DayDAY
• GoodTilCanceledgood_til_canceled
• GoodTilDategood_til_date

Updates

The DefaultBrokerageModel supports order updates.

Handling Splits

If you're using raw data normalization and you have active orders with a limit, stop, or trigger price in the market for a US Equity when a stock split occurs, the following properties of your orders automatically adjust to reflect the stock split:

• Quantity
• Limit price
• Stop price
• Trigger price

The following table shows the fill model that the DefaultBrokerageModel uses for each SecurityType:

The DefaultBrokerageModel uses the NullSlippageModel.

The DefaultBrokerageModel uses the ConstantFeeModel with no fees for Forex, CFD, Crypto, and Crypto Future assets and the InteractiveBrokersFeeModel for the remaining asset classes.

// For Forex, CFD, Crypto, and Crypto Future assets:
security.SetFeeModel(new ConstantFeeModel(0.0m));

// For the remaining asset classes:
security.SetFeeModel(new InteractiveBrokersFeeModel());

# For Forex, CFD, Crypto, and Crypto Future assets:
security.set_fee_model(ConstantFeeModel(0))

# For the remaining asset classes:
security.set_fee_model(InteractiveBrokersFeeModel())

The DefaultBrokerageModel sets the buying power model based on the asset class of the security. The following table shows the default buying power model of each asset class:

If you have a margin account, the DefaultBrokerageModel allows 2x leverage for Equities, 50x leverage for Forex and CFDs, and 1x leverage for the remaining asset classes.

The following table shows which settlement model the DefaultBrokerageModel uses based on the security type and your account type:

For all other cases, the DefaultBrokerageModel uses the ImmediateSettlementModel.

// For US Equities with a cash account:
security.SetSettlementModel(new DelayedSettlementModel(Equity.DefaultSettlementDays, Equity.DefaultSettlementTime));

// For Equity Options with a cash account:
security.SetSettlementModel(new DelayedSettlementModel(Option.DefaultSettlementDays, Option.DefaultSettlementTime));

// For Futures
security.SetSettlementModel(new FutureSettlementModel());

// For remaining cases:
security.SetSettlementModel(new ImmediateSettlementModel());

# For US Equities with a cash account:
security.set_settlement_model(DelayedSettlementModel(Equity.DEFAULT_SETTLEMENT_DAYS, Equity.DEFAULT_SETTLEMENT_TIME))

# For Equity Options with a cash account:
security.set_settlement_model(DelayedSettlementModel(Option.DEFAULT_SETTLEMENT_DAYS, Option.DEFAULT_SETTLEMENT_TIME))

# For Futures
security.set_settlement_model(FutureSettlementModel())

# For remaining cases:
security.set_settlement_model(ImmediateSettlementModel())

The DefaultBrokerageModel uses the NullMarginInterestRateModel.

The following table describes the default markets of each SecurityType for the DefaultBrokerageModel: