/*
* QUANTCONNECT.COM - Democratizing Finance, Empowering Individuals.
* Lean Algorithmic Trading Engine v2.0. Copyright 2014 QuantConnect Corporation.
*
* Licensed under the Apache License, Version 2.0 (the "License");
* you may not use this file except in compliance with the License.
* You may obtain a copy of the License at http://www.apache.org/licenses/LICENSE-2.0
*
* Unless required by applicable law or agreed to in writing, software
* distributed under the License is distributed on an "AS IS" BASIS,
* WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
* See the License for the specific language governing permissions and
* limitations under the License.
*
*/
using System;
using QuantConnect.Securities;
namespace QuantConnect.Orders.Fees
{
///
/// Represents a fee model specific to TradeStation.
///
///
///
/// It is $0 for domestic and $5 for international clients for normal equities trades up to 10,000 shares, then $0.005 per share after.
/// Options are $0.60 per contract, per side, and an extra $1 for index options
///
public class TradeStationFeeModel : FeeModel
{
///
/// Represents the fee associated with equity options transactions (per contract).
///
private const decimal _equityOptionFee = 0.6m;
///
/// Represents the fee associated with index options transactions (per contract).
///
private const decimal _indexOptionFee = 1m;
///
/// Represents the fee associated with futures transactions (per contract, per side).
///
private const decimal _futuresFee = 1.5m;
///
/// Gets the commission per trade based on the residency status of the entity or person.
///
private decimal CommissionPerTrade => USResident ? 0m : 5.0m;
///
/// Gets or sets a value indicating whether the entity or person is a resident of the United States.
///
///
/// true if the entity or person is a US resident; otherwise, false.
///
public bool USResident { get; set; }
///
/// Initializes a new instance of the class.
///
///
/// A boolean value indicating whether the entity or person is a US resident.
/// Default is true.
///
public TradeStationFeeModel(bool usResident = true)
{
USResident = usResident;
}
///
/// Calculates the order fee based on the security type and order parameters.
///
/// The parameters for the order fee calculation, which include security and order details.
///
/// An instance representing the calculated order fee.
///
///
/// Thrown when is null.
///
public override OrderFee GetOrderFee(OrderFeeParameters parameters)
{
if (parameters == null)
{
throw new ArgumentNullException(nameof(parameters), "Order fee parameters cannot be null.");
}
switch (parameters.Security.Type)
{
case SecurityType.Option:
return new OrderFee(new CashAmount(CommissionPerTrade + parameters.Order.AbsoluteQuantity * _equityOptionFee, Currencies.USD));
case SecurityType.IndexOption:
return new OrderFee(new CashAmount(CommissionPerTrade + parameters.Order.AbsoluteQuantity * _indexOptionFee, Currencies.USD));
case SecurityType.Future:
return new OrderFee(new CashAmount(parameters.Order.AbsoluteQuantity * _futuresFee, Currencies.USD));
default:
return new OrderFee(new CashAmount(CommissionPerTrade, Currencies.USD));
}
}
}
}