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X_TRADER®

Permissions and Risk

You are viewing X_TRADER Version 7.17 and higher. For earlier versions, click here

Permissions

Staged Order creation and management credentials for the user must be enabled in TT User Setup:

  • The Staged order creation allowed parameter permits the user to create staged orders.
  • The Staged order management allowed parameter permits the user to manage (i.e., claim, submit child orders, promote, unclaim) staged orders.

The following table describes how actions are applied to staged orders and their related child orders:

 

User

Actions

Owner

  • Cancel/delete staged order
  • Submit related child orders
  • Modify related child order
  • Cancel/delete related child order
  • Promote staged order to broker
  • Unclaim ownership of staged order

User with same Member ID and Group ID as Owner

  • View related child orders
  • Modify related child order price
  • Cancel/Delete related child orders

Note: Standard order book sharing applies to related child orders.

User with different Member ID and Group ID

None

Administrator with credentials to view Owner’s orders/fills

  • Cancel/Delete staged order
  • Delete related child orders
  • Promote staged order to broker
  • Unclaim/Claim staged order

 

Tip: The Direct Market Access (DMA) order creation allowed parameter permits the user to create DMA orders. This setting is on by default. Disable this setting and enable the Staged order creation allowed parameter if you would like to restrict the user to staged order creation and prevent them from entering direct orders into the live market.

Risk Checking

Staged orders are not risk checked. Related child orders are risk checked as they are created using…

  • The position limits of the user originating the staged order
  • The maximum order quantity of the trader executing the staged order