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TT User Setup Documentation

Creating Accounts

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

Create accounts from the Accounts window. You can also assign product and margin limits to an account, or disable trading for an account.

Note: To assign an account to an account group refer to the Assigning One or More Accounts to an Account Group topic.

To create a new account:

  1. From the User Admin menu, select Accounts.

  2. From the Accounts window, click New.

  3. In the New Account window, enter the new account name into the Account name field, enter a description into the Account description field, and if the account belongs to an existing account group, select the account group from the Account Group drop-down.
  4. Configure the product limits as described in the Creating Product Limits for Accounts and Account Groups topic. When you are ready for the product limits to be applied, check the Enable product limits option. No account or account group risk checking will take place until this option is enabled.
  5. If you want to exclude wholesale orders from account-based risk checks for this account, uncheck the Apply limits to wholesale orders option. By default, the limits applied to this account also apply to wholesale trades.

  6. To allow users with this account to trade, check the Trading allowed option. To reject trades submitted with this account number, uncheck the Trading allowed option.

    Note: Users logging in with Gateway Logins that end in MGR (e.g., TTADM XXX MGR) can delete orders, regardless of whether or not “Trading allowed” is checked for a given account.

  7. Select an Avoid orders that cross setting from the drop down for this account:
    • No
    • Yes - Reject new (recommended setting)

    Note: As of 7.17.20, Cancel resting is no longer supported. For prior releases, TT recommends that you do not use the Cancel resting setting at the account level in conjunction with Cancel resting at the user level

    If you select to avoid orders that cross at the account-level, only orders with the same account number are prevented. At the account group level, crossing is prevented for orders that each have accounts within that group.

    Note: If Avoid orders that cross is set at the user-level, that setting takes precedence over the account-level setting.

    For more details about these settings, refer to Avoid Orders That Cross (Account-level) .

  8. Configure any gateway-specific margin limits as described in the Creating Margin Limits for Accounts and Account Groups topic.
  9. If needed in a non-X_TRADER ASP environment, you can permission an account for use within one or more specific user groups.

    1. Click the Group Permissions tab.

    2. Use the transfer buttons (<,<<,>>,>) to select users from the Available User Groups list and add them to the Account permitted in the following User Groups list.
    3. If the group does not exist, click Create.
  10. Click Save.
  11. To assign risk limits to the account group refer to the Adding Account Group-Level Risk Checking topic.

You have successfully created a new account group.

Note: To prevent users from using accounts that have not been defined in TT User Setup, make sure the Submitting orders with undefined accounts allowed option is unchecked (the default setting). To configure this setting, refer to the Setting Trade Permissions topic.

Note: To only allow an X_RISK administrator to publish manual fills or start-of-day records to accounts within specified user groups, configure the Restrict X_RISK administrator to publishing... option. To configure this setting, refer to the Applying X_RISK Permissions topic.

Avoid Orders That Cross (Account-level)

When configured at the account-level, this setting determines the default behavior for orders that cross within an account and between accounts within an account group. Order quantities and position in queue are not considered.

If set to Yes – Reject New, the working Limit or native Iceberg order is canceled and replaced with the new order.

If set to No, the Avoid orders that cross setting is not enforced.

Note: As of 7.17.20, Cancel resting is no longer supported. For prior releases, TT recommends that you do not use the Cancel resting setting at the account level in conjunction with Cancel resting at the user level.

For a description of each option or to configure AOTC at the user-level, refer to New User and Edit User Window Fields .

All other exchange-supported order types and restrictions are not impacted in addition to the following:

  • Held orders
  • Deleted orders
  • Go To Market orders
  • Stops that have not been triggered
  • Timed orders still in “Waiting” state
  • Synthetic held hedge orders
  • Position Reserve orders
  • Synthetic SE or Staged orders