Creating User Groups for Order Passing
Order passing allows a user group (e.g., execution traders) to “pass” visibility and management of open, working orders to another user group. Using X_TRADER® 7.17.10 or higher, the order originator always has full visibility of the current order status and sees all order updates and partial fills that occur while the order is being “watched” by another user group. The two user groups do not need to share their order books; the passing action just adds temporary visibility and management of the order to the other group.
Only Super Administrators can configure order passing for a user group. A Group Administrator can create user groups, but cannot edit or delete them or configure them for order passing. However, they can view the order passing settings.
Note: Changes to user groups for order passing appear in X_TRADER after it's restarted.
To create a new user group for order passing:
- From the User Admin menu,
select User Groups.
Note: You can also access the User Groups window by clicking Select Group on the Edit User window.
- From the User Groups window,
- In the New User Group window, enter the new user group name into the Name field.
- Click Order passing.
The Order passing fields appear in the New User Group window.
- Click an available User Group to pass orders with the new User
Select as many User Groups as necessary. Click All User Groups to select all the available groups.
The Show account on passed orders option is checked by default to allow accounts to be shown on the working orders passed in X_TRADER. Uncheck this option to hide assigned accounts from the other user groups.
- Click Save.
The following warning message appears. The message is a reminder to configure each selected User Group for order passing.
Newly-created user groups appear in the User Groups window.
Note: When a Group Administrator or Gateway Login Administrator creates a new user group, that user group is added automatically to the list of groups the administrator can manage.
You have successfully created a new user group for order passing.