Question: A trader has a soft limit of ( $ 1 0 mathrm { MM } ) USD and a hard limit
A trader has a soft limit of $ mathrmMM USD and a hard limit of $ mathrmMM USD. Their current NOP is $ mathrmMM USD. They purchase $MM USD, sell $MM USD, and then purchase another $MM USD. Which of the following statements is correct? Select ALL that apply.
The desk manager would monitor the position after the initial soft limit breach after $MM USD was purchased
The trader did nothing wrong as the ending NOP of $ mathrmMM is less than the combined soft and hard limit $MM USD
The trader has breached the hard limit
The trader has breached the soft limit
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