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.
| Account | The account number that gets sent to the Exchange. This must be unique, and can be changed after it has been created. T4 has an account override feature which allows you to enter an alias account here and the real account later. The acct field has to be unique and cannot be more than 26 characters long and it must consist of alpha numeric-characters only. |
| Firm | The firm that the account belongs to. This must be the same firm as the user that this account will be assigned |
| 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 front-end. Can also be used for a trader who wants to sort multiple accounts in the front-end 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 |
| Account Mode | Three risk modes to choose( need link to explain differences) |
| 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 |
| Block Expiring Markets | The number of hours before a markets last trading date and time that this account can no longer open positions in that market. Enter 0 for no restriction, enter 24 for one day, 168 for one week. |
| 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 |
| Commissions & Fees | Whether to calculate commissions and fees for the account using the commission specified below and the firm's contract exchange fee values |
| Commission | The commission to apply in addition to the firm's contract exchange fee value |
| 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 accountis 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. |
| Daily P&L Rollover | Whether the P&L for the day should be added to the account balance for the next day. If enabled then at the end of day in each market when the orders are cleared out the P&L for the day is added to the account balance. This is useful if there is no daily balance import from a back office system and you have Risk Management Enabled and want to ensure that daily losses reduce the accounts ability to trade the next day. |
| Risk Management Enabled | Select if cash based pre-trade risk management is enabled for this account. Orders for the account will be rejected if the account has insufficient funds (Balance + P&L –existing margin requirement) to cover the additional margin requirement of the order. If not selected, then margin requirements and balances are ignored. Clip sizes and position limits are checked regardless of this setting. |
| Use P&L for Margining | Whether P&L is included in the available cash for margining. |
| Minimum Balance | The minimum allowed balance for the account. If this value is negative then the account has this amount of cash extra available for margins and losses. If it is positive thenthere is less cash available. For example, if the balance is 10,000 and the minimum balance is -2,000 then the account can margin or lose up to 12,000, but if the minimum balance is +2,000 then the account can margin or lose up to 8,000. |
| Day Trading Margin % | Percentage of margin that should be applied to day trading positions |
| Overnight Margin % | Percentage of margin that should be applied to overnight positions. Overnight positions are not trades executed during a night session but rather open positions carried over from the day session |
| Max Contract Margin | Maximum Margin allowed on any single contract. Can be overridden for specfic contracts. Leave blank for no limit. DOES NOT apply if AccountMode is ByMarket |
| Margin Warning (%) | The % of the balance used by margin that triggers warnings in the front end. 100 = 100% of the balance has been used 0 = means none of the balance has been used Blank = warning not setup |
| Loss Limit (cash) | The maximum amount that can be lost before preventing opening of new positions or increasing of existing positions. 1,000 = when the account is losing more that 1,000 then new positions are not allowed to be opened. NOTE: This does not close out existing positions. |
| Loss Limit (%) | The maximum percentage of the balance that can be lost. Same as Loss Limit (cash), except uses a percentage of the balance. 25 = 25% of the balance can be lost 75 = 75% of the balance can be lostFor example, if the balance is 10,000 then 7,500 can be lost and cash would be down to 2,500. |
| Day Loss limit (cash) | The maximum P&L loss for the day(excluding overnight UP&L) before blocking orders that open or increase positions. Leave blank or enter 0 for no limit. |
| Loss Limit Warning % | The % of the loss limit values that triggers warnings in the front end. 100 = 100% of the loss limit has been used 0 = none of the loss limit has been used Blank = Loss Limit Warning not setup |
| Email Alerts Enabled | Whether email risk alerts are sent for this account. If checked, the Email Fills To box must have a valid email address. Use a semicolon to separate multiple email addresses. |