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Why Doesn’t my Locate Price Match the Inquiry Price? 

< 1 min read

While you expect the locate price to match the inquiry price, the locate provider may change the price quickly based on demand. We have added a setting in the Short Locate window to warn traders when a certain time interval has passed since the price inquiry before accepting the locate. It is available by right clicking in the Short Locate window and selecting Config. Then scroll down to or search for “Max seconds for valid price warning.”

Enter the time in seconds. The longer you wait, the more likely the price will change drastically, hence we recommend re-inquiring to double-check the price before locating. This applies to type 0/2 locates (check with your broker for more details). 

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