Price Limit
A limit is placed on the ability of every user to enter a sell price. A user has a base price from which the limit is calculated as a percentage mark up. The base price is identified by the security object 'Limit Price' and the mark up is identified by the security object 'Limit Price Markup'. This markup can also have the effect of a discount off where the value is negative. When a price is input the Limit base price is retrieved and the Limit mark up is applied to arrive at the lowest acceptable price that this user can input for this product. If the input price is below this price then the input is rejected.
Last updated
Was this helpful?