Page History: Account Risk Setup
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Page Revision: 2011/06/22 14:45
Risk Setup
Introduction
Home
The Home page of the T4 website displays any announcements that the administrator
wishes to send to any sub-firm. To send a message, go to the SendMessage section
under Accounts. The Home page has a link that allows the administrator to download
the T4 application.
III. Accounts
The accounts screen allows the administrator to setup and edit accounts as well as
send messages to any account. Account statements, orderbook data, various report
and charts can all be viewed from this section.
a. Statements
Administrators can view the statements of anyone they have access to. For example,
a parent firm administrator can view everyone’s accounts, while a child firm
administrator can only see the customers in that child firm.
b. Orderbook Data
Administrators can view all orders, fills, leg fills and positions for any particular day,
by account. The date, account and exchange can be selected to narrow the search. If a
day session has ended and T4 has removed any customer’s trade records from the
front end, this is where the data can be viewed. CTS stores the data for 7 years.
c. Reports
This section displays various order activity reports, exchange instructions and account
risk details. Administrators can view reports including order activity by day and
month, and order activity by day and month by market. The exchange instructions and
risk details reports create a text file providing information for some or every account.
Exchange instructions include executing group, CTI/origin and other account related
information. Risk details include max clip/position, money loss, margin %, etc. Both
these reports are useful tools to give an administrator a snap shot of the setups for all
or some accounts
d. Setup
The Setup area is where administrators can setup and edit risk and account
information.
A list of all current accounts is displayed. To create a new account, click the link at
the top of the screen. You can also click to view a list of deleted accounts.
Enter the information for the new account:
Account - The account number that gets sent to the exchange. This
must be unique. T4 has an account override feature which
allows you to enter an alias account here and the real
account later
Firm - The firm that the account belongs to. This must be the
same firm as the user that this account will be assigned to
Name - The name of the account. This will appear in the account
list. If an account needs to be edited, it will be edited using
this name. If a back office import is done for the firm then
this field will be updated automatically.
Display Name - Name that gets prefixed to the account name displayed in
the frontend. Can also be used for a trader who wants to
sort multiple accounts in the frontend if executing give-up
trades
Enabled - Whether the account is enabled or not. If it is not enabled,
the account cannot have orders placed for it unless the user
has Risk Manager permissions. Existing orders can still be
pulled if the account is disabled.
Allow Order Routing - Allows API applications to specify different exchange rules
Max Clip Size - The maximum size order that can be placed for the
account. For example, 100 means 100 lots are accepted, but
101 lots are rejected.
Max Position - The maximum position allowed in any market for the
account. For example, 20 means 20 lots are allowed in each
market (in multiple markets at the same time), but 21 are
rejected.
Blank = no restrictions
0 = no position is allowed, and all orders will get rejected
Max Pit Trades - The total volume (buys + sells) of pit trades allowed in any
individual market per trading day.
Blank = no restrictions
0 = prevents any pit trades being entered
Note: This does NOT apply to users with the RiskManager
role set
Daily Start Trading
Time
The time of day after which the account may start opening
positions. Must be entered as Central Time regardless of
your time zone or the time zone of the user
Blank = no restriction.
Daily Stop Trading
Time
The time of day after which this account cannot open
positions. Must be entered as Central Time regardless of
your time zone or the time zone of the user
Blank = no restriction
Net Liquidating
Balance
This can be populated by a backoffice download or
manually by an administrator
P&L Warning (%) - The % of the balance used by P&L that triggers warnings
on the front end.
100 =100% of the balance has been used
0 = means none of the balance has been used
Blank = P&L Warning not setup
Allow Back Office
Balance Updates
Select this if the account's balances can be updated from a
back office data feed (if available)
Allow Back Office
Position Imports
Select this if the account's overnight positions can be
updated from a back office data feed (if available)
Back Office System
Firm Code
Firm codes can be entered here for report purposes
Back Office System
Office Code
Firm office codes can be entered here for report purposes
Back office System
Sales Code
Firm sales codes can be entered here for report purposes
Daily Position
Rollover
Select if any end of day positions should be rolled over to
the next trading day. When the orders are cleared out at
the end of the day in each market, if the account has a
position, then a new order will be created in the next
trading day containing the fill details of that position. This
is useful for accounts that only trade on T4. If the account
is also traded on another system (e.g. in the pits) then this position is likely to be inaccurate and hence should not be
rolled over.