Creating Contract Level Overrides

TT User Setup Documentation

Getting Started
- What's New in TT User Setup?
- Upgrade Considerations
- X_TRADER® ASP Overview
- Using the Control Panel
- Introduction to TT User Setup
- Logging Into TT User Setup
- Two-Factor Authentication
- Using the Menu Options
- Data Grid Functionality
- Guides and Additional Materials
User Administration Basics
- User Administration Basics
- NewUser and Edit User Window Fields
- Copying Users
User Administration: Administrative Users
- Creating and Editing Administrative Users
- Creating a Super Administrator
- Creating a Broker Administrator - X_TRADER ASP
- Allowing Buy-side Administrators to Manage Product Limits (X_TRADER ASP)
- Creating a Group Administrator (non-X_TRADER ASP only)
- Creating a Gateway Login Administrator (non-X_TRADER ASP only)
- Creating a Password Administrator (non-X_TRADER ASP only)
- Creating a View Only User
- Creating a Collect Log Files Only User
- Configuring the Outgoing Email Settings
User Administration: X TRADER® Or X RISK® Users
- Creating and Editing X_TRADER or X_RISK Users
- Applying Basic User Properties
- Customizing Billing Data for a User - X_TRADER ASP only
- Configuring User Risk Settings for a User
- Setting Application Permissions
- SettingTrade Permissions
- Creating and Managing X_TRADER Customer Defaults
- Customer Defaults and Algo Defaults MiFID II
- Allowingor Blocking Product Groups for Specific Markets
- Applying X_RISK Permissions
- Creating a New Gateway Login through the Users Window
- Generating a Gateway Login for all Gateways
- Assigning Gateway Logins to a User Through the Users Window
- Setting Account Permissions
User Administration: FIX Adapter
- TT FIX Adapter and TT User Setup Overview
- Setting Up a TT FIX Adapter Server (non-X_TRADER ASP)
- SettingUp a FIX Adapter Client User
- Setting Up an AccountDefault
- FIX Adapter Account Defaults MiFID II
- Assigning TT FIX Adapter Client(s) to a FIX Adapter Server
- Allowing or Blocking Product Groups for a FIX Adapter User
User Maintenance
- How to Maintain Users
- Unlocking Users and Resetting Passwords
- Auto Generating and Emailing a User's Password
- Forcing a User Logoff
- Activating and Deactivating Users
- Configuring and Running Diagnostic Checks
- Updating the Supported Product Groups List
Gateway Login Administration Basics
- Gateway Logins Overview
- Assign to Available Users Window Field Descriptions
- Gateway Login Window Field Descriptions
- Customizing the Gateway Logins Window
Creating Gateway Logins
- Creating a New Gateway Login
- Assigning the MemberGroupTrader ID
- Disabling Start-of-Day Records
- Assigning Gateways to Gateway Logins
- Mapping a TTORD to an Exchange Trader
- Adding Gateways to Existing TTORDs
- Assigning Accounts
- Configuring Risk
- AssigningUsers to a Gateway Login
- Editing a User's Gateway Login Attributes
- Assigning Gateways to Multiple Gateway Logins
Account Group Administration
- Account Group Administration Overview
- Creating Account Groups
- Assigning Accounts to an Account Group
Account Administration
- Account Administration Overview
- Creating Accounts
- Assigning One or More Accounts to an Account Group
Order Passing Group Administration (X_TRADER ASP)
- Order Passing Group Administration Overview
- Creating Order Passing Groups
- Assigning Users to an Order Passing Group
Gateway Login Risk Administration
- Risk and Administration Overview
- Product Limits Overview
- Configuring Gateway Login Risk
- Creating Product Limits for Gateway Logins
- Copying Product Limits to Additional Gateways or Gateway Logins
Account And Account Group Risk Administration
- Adding Account-Level Risk Checking
- Adding Account Group-Level Risk Checking
- Creating Product Limits for Accounts and Account Groups
- Enabling Duplicate Order Check for Accounts and Account Groups
- Creating Contract Level Overrides
- Contract Limits Overview
- Creating Margin Limits for Accounts and Account Groups
- Applying Account-BasedRisk to Wholesale Trades
- Configuring Wholesale Order Overrides
- Copying Product Limits to Additional Accounts or Account Groups
- Copying Account-Based Product Limits to Additional Gateways
- Copying MGT-based Product Limits to Account-Based Product Limits
User Level Risk Checking
- Adding User-Level Risk Checking
- Setting Pre-Trade Price Controls
- Setting Order Throughput Controls
User Group Administration
- User Group Administration Overview
- Creating User Groups
- Creating User Groups for Order Passing
- Assigning Users to a User Group
- Assigning User Groups to Gateway Logins
- Assigning User Groups to an Account
Publishing To Guardian
- Publishing to Guardian in a non-X_TRADER ASP environment
- Displaying Detailed Differences
- Understanding Publish Warnings
Server Administration
- Disabling Trading for a Trading Environment
- Collecting Log Files
- Using Version Control Rules
- Resetting the Guardian Exchange Tree (non-X_TRADER ASP only)
- Editing the Currency Exchange Rates
- Adding and Deleting Currencies
- Editing Product Margins
- Viewing and Clearing Product Margin Conflicts
- Viewing and Publishing Licenses
- Migrating Users to a New Gateway
- Understanding Server Messages
- System Settings
- Enabling Two-factor Authentication
Reports
- Displaying and Exporting Reports
- Tracking the TT Product Version Number
- Using Audit Trail to Track Database Updates
- Displaying Logged in Users
- Viewing Server Messages
- Displaying Running Servers
- Viewing Server Status
- Generating an ICE Product Groups Report
Tutorials
- How to Setup a New User Who Will Trade Using a TTORD Gateway Login
- How to Map an Additional Gateway Login to an Existing TTORD User
- How to Set Up an Administrator Who Uses Both X_RISK and TT User Setup
- How to Set Up a Third-party Risk Administrator
- How to Create a New User by Copying an Existing User
- How to Assign Existing Product Limits to Other Gateway Login IDs Simultaneously
- How to Change Multiple Product Limit Values Simultaneously
- How to Set Up Customer Defaults
- How to Update Customer Defaults Across Multiple Users Simultaneously
- How to Change the Message Users Receive When Their Logins Fail
- How to Use Wildcard Characters in Filters
- How to Set Up a Tiered Administrator
- How to Set Up a Drop Copy TT FIX Adapter Server and Corresponding FIX Adapter Clients
- How to Set Up an Order Routing TT FIX Adapter Server and Corresponding FIX Adapter Clients
- How to Set up a User for Autospreader SE or Synthetic SE
- Creating TT SIM Credit Limits and Product Limits
Appendix
- Field Descriptions
- Context Menus
- Shortcut Keys
- TT User Setup Feature and TT Product Compatibility

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

When configuring risk at the account level, you can also configure risk per contract. Product limits can be set up or changed for specific contracts per account or Account Group; if an account belongs to an Account Group, only the group settings are used. Contract level overrides for accounts and Account Groups requires TT Gateways 7.17 and later.

Note: When trading rolling contracts like the LME 3M, TOM, or C, a contract level override for the rolling contract always overrides any contract level override for a specific contract. For example, if today's date is August 3rd, 2013, when trading the TOM contract, product limits on the TOM contract override any product limits on the 040813 (August 4th) contract.

When configuring contract level risk limits for an account or Account Group you can:

Determine which contracts are tradeable
Specify various limits on maximum order size and position per contract
Configure price reasonability

Note: If risk limits are configured for individual contracts, these limits override the risk configured at the product-level (e.g., contract risk limits can exceed the limits configured at the product level).

The following procedure describes creating contract level overrides from the Account Group window, but the same procedure applies when creating contract limits from the Accounts window.

To create contract level overrides for an Account Group...

From the User Admin window, select Account Groups.
From the Account Groups window, select an Account Group and click Edit.
This opens the Edit Account group window.
If you have assigned accounts to an Account Group, you can also edit that group by selecting any assigned account in the Accounts window and clicking Edit Account Group.
In the Product Limits section of the Account Group window, select a product limit that is configured for a specific product (not *) and click Edit.
The Edit Product Limit window appears.
Make sure you have specified a Product. Contract level risk can only be applied per product and is not available when all products (*) are selected.
To override the product level Allow trading, Maximum order size, Maximum position, and Price reasonability settings, select the Contract-Level Overrides tab.
Click Add and configure the following contract-level risk settings in the New Contract Limit window:
- Trading Allowed: Specifies whether the selected contract for this product can be traded. Consider the following:
  - You can check Trading Allowed for a contract even if the setting is unchecked at the product-level. A trader can be allowed to trade a contract while being prohibited from trading the product directly.
  - When a contract is configured with product limits, those limits apply to related spreads even if Trading Allowed is unchecked for the product. A trader can be allowed to trade a spread while being prohibited from trading the contract directly.
- Maximum order size: Specifies a limit on the maximum individual order size that can be entered for the contract. To apply a maximum order size, check the Max order size option and enter a value.
  Note: If you leave this setting unchecked when adding or editing a contract level override, the maximum order size for the contract is “Unlimited”.
- Maximum position: Specifies a position limit for the contract. To apply a maximum position, check the Maximum position option and enter a value.
  Note: If you leave this setting unchecked when adding or editing a contract level override, the maximum position for the contract is “Unlimited”.
- Price reasonability: Determines how far from the market price a user may enter an order (in ticks). Contracts always use the product-level “Away from Market” setting to determine if the price reasonability settings is enforced for all orders or only for buy orders above the limit and sell orders below the market.
  Note: If you leave this setting unchecked when adding or editing a contract level override, the number of ticks away from the market price for the contract is “Unlimited”.
To copy an existing contract-level override and apply it to another contract for the same product, click Copy on the Edit Product Limit window.
Click OK.