Soft limit pre-trade risk settings refer to thresholds or parameters set within the platform to control and monitor risk before trades are executed. These limits provide notifications when certain risk levels are approached, but they do not automatically prevent trades.
Soft limits can be created by an end user within local Order Profiles.
Soft limits are configurable in the Soft Limits tab in the Order Profiles widget. Users can set soft limits on the “Default” order profile or on order profiles that were created.