Multi-Account Placement

It is possible to execute orders in multiple accounts using a single webhook alert. In fact, you can copy the command into as many account as you want (prop accounts, NT SIM, NT demo, live accounts, etc.).

Simply separate each account name with a comma and we'll generate an identical order for each account. CrossTrade will copy the order criteria and execute them sequentially, one after the other, in each account in the order of appearance in your list.

January 2025 Update

In January 2025, we identified a way to significantly increase the speed performance of order entry using multi-account placement. Previously, if more than 1 account was defined for a PLACE order, e.g., account=Sim101,Sim102,Sim103; we would wait for confirmation of order entry before sending the next order in true synchronous fashion.

Now, orders are processed asynchronously and all sent to NT8 at the same time and let NT8 decide the sequence of order placement. We tested this thoroughly and noticed no detrimental effects on order entry other than the sequence of account orders can no longer be guaranteed to arrive as they appear in CSV ordering.

The major benefit of doing it this way is the speed of multi-account placement is now on par with some of the fastest trade copiers available running 1:1 quantity ratios. We still plan to produce a full trade copier with advanced features in the futures.

Multi-Placement vs. Copy Trading

Multi-account placement is similar but distinctly different from copy trading. Typically with trade copiers, a leader account is elected along with one or more follower accounts. Whichever order actions take place in the leader account will then propagate to the follower accounts.

With multi-account placement, we instead copy the entire order instruction before it makes it to NT8 and then execute identical orders against 1 or more accounts.

Example Payload

The following alert message will execute identical ES 03-25 market orders in accounts sim101, sim102, and sim103.

key=your-secret-key; command=PLACE; account=sim101,sim102,sim103; instrument=ES 06-25; action=BUY; qty=1; order_type=MARKET; TIF=DAY;

Learn more...

Note that multi-account placement does not guarantee delivery or execution. Orders are replicated independently, which means each can succeed or fail independent of other orders.