Why?

• Add Portfolio Model Substitutes when you want to assign a portfolio to a base model, but have small changes you want to make to one or more of the nodes. You also have the option to use equivalents for this. Review the article How to Add Account or Portfolio Level Equivalents in Orion Trading (Eclipse) for more information.

What?

Portfolios are assigned to models from the model details and portfolio details page. It is best practice to use these substitutes sparingly. The less substitutes you have on your model, the easier it is to troubleshoot if there is an issue with the portfolio or model later on.

Please Note: The Delete Model Privilege applies to removing sub-models and deleting entire models. Before you delete a model, the sub-models must not be in any other model, and the portfolio must be unassigned.
 

How?
Add Substitutes Directly in Models

Follow these steps when you need to add a substitute to a node above the security set level or when you want to update multiple portfolios faster:
 

• Navigate to Orion Trading's Strategies tab
• Select the Models tab
• Double-click the model your portfolio is assigned to, opening the Model Details screen
• Scroll down the Model Details until you see the model nodes. On the right side look at the Portfolio's Assigned box
  • Please note: The portfolio must be assigned to the model before you are able to add a substitute. To learn how to do that, review the article How to Assign Models to Portfolios in Orion Trading (Eclipse)
• Click on the portfolio you want to assign the substitute to 
• Right-click the node you want to substitute and select substitute 
• Search and select the new security set/node you want to substitute
  • Please note: the node/security set you are substituting in must already be created before doing this. To learn how to do that, review the article How to Create Models and Security Sets in the Orion Trading Platform
• Click Save
• Double-check your work by highlighting the portfolio in the Portfolios Assigned box again. The portfolios with substitutes have a red asterix * by their name in the list. The substituted node shows up in the model with a dotted line connecting it to the other nodes to signify it is not the normal substitute.

Add Substitutes to Individual Portfolios

Follow these steps when you only have a few portfolios to update and when the only level you need to substitute is the security set level:

• Navigate to Orion Trading's Portfolios tab
• Select the All Portfolios tab
• Double-click the portfolio you want to add the substitute to, opening the Portfolio Details screen
• Select the Model tab 
  • Please note: The portfolio must be assigned to the model before you are able to add a substitute. To learn how to do that, review the article How to Assign Models to Portfolios in Orion Trading (Eclipse)
• Scroll down to the Model Substitutes section
• Find the security set you want to substitute and type the new security set in the search box
• Click Save