Margin Aggregation

Margin Aggregation is the process of combining multiple positions and collateral sources into a single view for margin calculation. This allows the system to assess the overall health of a user's account by netting out opposing positions and accounting for total collateral value.

It simplifies the risk management process for the trader and allows for more sophisticated leverage models. However, it requires a robust and transparent accounting system to ensure that all assets are correctly valued and that risks are accurately reflected.

Margin aggregation is a key feature of modern derivative exchanges that aim to provide a seamless trading experience. It enables the use of complex strategies like delta-neutral hedging within a single account.