What Data Is Included in a Typical ADL Notification?
A typical ADL notification includes several key data points to ensure transparency. This usually involves the contract that was deleveraged, the exact time of the ADL event, the size of the position that was closed, and the price at which it was closed.
Crucially, it will also often state the original ADL ranking or tier the trader was in, confirming why they were selected for the deleveraging action.