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Configuring Give Up Orders

Overview

OSE Gateways support Give Up/mutual offset allocation of orders.

Multi-Firm Configuration

Customers wishing to submit Give Up orders must perform the following actions:

  • Select Account type as either G1 or G2 in the X_TRADER®Market Grid window.
  • Specify the Customer Identity (e.g., S999, C999) in the FFT3 field

    Customers can also create an X_TRADER® Customer Defaults profile with the Account Type=G2, Give Up, and FFT3. If the Give Up and FFT3 fields are not specified correctly, the OSE Gateway will reject the Give Up order with appropriate error messages.

  • Specify the Carrying Participant Code (e.g., 12400) in the Give Up field.

Give Up Order Processing

OSE Gateway supports placing Give Up orders. When placing a Give Up order for a “Client” account, G1 should be used as the Account type. When placing a Give Up order for a “House” account, G2 should be used as the Account type.

Customers should populate the “Give Up” field in X_TRADER® with the Carrying Participant Code (five-digit code set by the Securities Code Committee - e.g., 12400).

The FFT3 field in X_TRADER® should be set with the Customer Identification Number.

The Order Server shall reject the order for which Account Type=G1/G2 if any of the following fields are blank:

  • Give Up
  • FFT3
Note

For a Give Up order, the Order Server will always send “OX” in the GIVE_UP_MEMBER/Name, Country (country_id_s) OM API field.