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TT User Setup

Applying Account-BasedRisk to Wholesale Trades

You are viewing TT User Setup Version 7.17 and higher. For earlier versions, click here

To perform pre-trade risk checks on wholesale orders, enable the Apply limits to wholesale orders option when creating an Account or Account Group (see the following figure).

If configured on the account, Account-Based Risk is applied to all wholesale trades sent via X_TRADER 7.17 Wholesale Trades window and TT Gateway 7.17. This includes cross trades, which are also treated as wholesale (OTC) trades by 7.17 versions of the gateways.

If product and margin limits for an account should not apply to wholesale trades, uncheck the Apply limits to wholesale orders option for the account. If this option is unchecked, only risk configured for the Gateway Login (MGT) is applicable. To configure the Apply limits to wholesale orders option, refer to Creating Accounts.

Note: After an upgrade to TT User Setup 7.17, the Apply limits to wholesale orders option is checked by default for accounts that had account-based risk configured prior to the upgrade.

In addition, for users planning to upgrade to X_TRADER 7.17 and use the new Wholesale Trade window, configure Account-Based Risk and enable the Apply limits to wholesale orders option for these users before they upgrade to X_TRADER 7.17 and TT Gateway 7.17. This will ensure pre-trade risk checks on wholesale trades; MGT-based risk is no longer available for wholesale trades sent from X_TRADER 7.17 and higher.

The following table shows how different X_TRADER and TT Gateway software versions affect Account-Based Risk on wholesale trades.

Account-Based Risk on Wholesale Trades
Apply limit to wholesale orders enabled in TT User Setup 7.17? TT Gateway Version X_TRADER Version Account-Based Risk Applied to Cross Trades? Account-Based Risk Applied to Wholesale Trades? MGT-Based Risk Supported?
Yes 7.17 7.17 Yes Yes No
7.17 7.12 or lower Yes Yes Yes: Eurex (Block, Vola, Cross), BVMF (Cross), NYSE Liffe (Cross), NYSE Liffe U.S. (Cross), MX (Cross) only.
No 7.17 7.17 No No No
7.17 7.12 or lower No No Yes: Eurex (Block, Vola, Cross), BVMF (Cross), NYSE Liffe (Cross), NYSE Liffe U.S. (Cross), MX (Cross) only.