TT User Setup Documentation
- Getting Started
- User Administration Basics
-
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
- Gateway Login Administration Basics
-
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 Administration
- Order Passing Group Administration (X_TRADER ASP)
- Gateway Login Risk Administration
-
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
- User Group Administration
- Publishing To Guardian
-
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
-
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
Creating Product Limits for Gateway Logins
You set up and change product limits for specific gateway logins using the New Product Limit and Edit Product Limit windows.
You can access these windows through the Gateway Logins window, the Gateway Logins tab on the Edit User window, or by selecting Product Limitsfrom the User Admin menu.
Note: You can also create product limits per account or account group. For more information, refer to the Creating Product Limits for Accounts and Account Groups topic.
This section describes creating product limits from the Gateway Logins window.
To create a new product limit from the Gateway Logins window...
- From theGateway Logins window, select a gateway login and then click Edit.
- In the Edit Gateway Login window, click the Risk check checkbox to create and apply Product Limits.
-
In the Product Limits section of the Edit Gateway Login Info window, click New Product Limit.
Note: To copy one of the product limits listed in the Product Limits table, select the product limit and then click Copy. To copy one of the product limits that are available to the Gateways listed in the Gateways section, click Copy from Existing and then select the product limit to copy.
The New Product Limit window appears.
Note: Product Limits created via the Product Limitswindow are available only to the users who are assigned to the MGT ID (gateway login).
-
Select or enter a value in the applicable fields as needed.
Product Limit fields include the following:
- Gateway: Specifies the gateway to which the limits apply.
- Product type: Specifies whether this limit applies to an option, future, spread, etc.
-
Product: Specifies the product (e.g. FGBL ODAX, etc.) to which the limits apply. An asterisk indicates that the limit applies to all products of the specified product type, unless an additional product limit exists with a specific product.
For example: Assume you have two product limits configured for the CME-A Gateway: for one limit the product is * (all products) with a maximum position of 10, and for the other limit the product is ES with a maximum position of 5. When trading ES, the account is limited to a maximum position of 5, and when trading all other products on the CME-A Gateway, the maximum position limit is 10.
-
Margin: Displays the margin that is currently configured for the specified product.
- Additional margin (%): Specifies a percentage above or below the margin that a trader must have to trade the contract. In other words, additional margin increases or decreases the margin requirement when calculating risk limits.
- Maximum order qty: Specifies a limit on the maximum individual order size that can be entered for a specified product. To set the order quantity to unlimited, enter 0.
-
Maximum position: Specifies a position limit for a given product; maximum position can have various meanings depending on whether it's related to a Future, Option, Spread, or Strategy. For details, refer to the Defining Maximum Position section of this topic.
To set the maximum position to unlimited, enter 0.Note: If you enter 0 in the Max Ord Qty or Max Pos fields, the 0 is defined, converted to, and displayed as "Unlimited".
-
Maximum long/short: Limits the worst case total of long or short contracts per product. <!-- For more detailed information about using this limit, refer to the Defining Maximum Long Short section of this topic.--> To set the maximum long and short position to unlimited , enter 0.
Note: The Maximum long/short feature requires a specific X_TRADER 7.8.
- Trade Out allowed: Determines whether the trader can exceed maximum order quantity and/or available credit limits to reduce risk for the specified contract.
-
Click Save.
Note: Use the Save and Add New functionality to add many similar limits.
The limit you created appears in the Product Limits section.
Defining Maximum Position
The following describes the differences in maximum position depending on whether maximum position is related to a Future, Option, Spread, or Strategy.
Note: The rules for configuring all other product types are identical to the rules for configuring futures and spreads, except that limits for energy product are configured in lots.
- Future: Limits the maximum outright futures position to the value in the Maximum Position field. In other words, it limits the maximum position (long or short) that a trader may accumulate at the product level (the sum total of all delivery months). Traders that only trade calendar spreads, for example, will never reach this limit because their positions in one contract offset the positions in another contract.
-
Inter-Product Spread: Does not use the Maximum Position field for risk checking. To manage position risk on Inter- Product Spreads, you must enter both FUTURE and SPREAD type position limits for each of the products that comprise that Inter-Product Spread.
For example, if the limit is 5, an account can buy 5 calendar spreads, because each contract in the spread is limited to a long or short position of 5. This check would also apply to the futures contract being traded directly, so in the previous example, no more futures could be bought in the contract that is long 5 and no more cold be sold in the contract that is short 5.
- Inter-Product Strategy:
Limits the maximum contract level position for each call or put of
a specific strike price and delivery month to the value in the Maximum
Position field. The Maximum Position field does not put
a hard limit on the number of strategies that a trader may enter;
it only limits the position for each contract of a product.
Note: To allow trading of spreads or strategies, you must also configure product limits for the products that comprise the spreads or strategies.
- Option: Limits the maximum option position to the value in the Maximum Position field. In other words, limits the maximum position (long or short) that a trader may accumulate at the product-level (the sum total of all delivery months at all exercise prices). For the purposes of risk checking, calls and puts are treated as separate products. For example, buying a call and selling a put will not result in a flat position, but instead will result in two separate positions that do not offset each other.
Note: To allow trading of spreads or strategies, you must also configure product limits for the products that comprise the spreads or strategies.
Note: The rules for configuring all other product types are identical to the rules for configuring futures and spreads, except that limits for energy product are configured in lots.
Copying from existing product limits
To copy existing product limits to a gateway login...
- From the User Admin menu, select Gateway Logins.
- From the Gateway
Logins window, click the gateway login you want to edit,
and then click Edit.
Note: In a non-X_TRADER ASP environment, the Add to Guardian option must be checked for product limits to be enabled. This option is only available in non-X_TRADER ASP trading environments.
- From the Product Limits section of the Edit Gateway Login window, click Copy from Existing.
- From the Copy
from Existing Product Limits window, select the rows
that you want to copy.
Note: Hold down the Ctrl key to select multiple rows.
- Click Done.
The copied product limits appear in the Product Limits pane.
- On the Edit
Gateway Login window, click Save.
You have successfully copied existing product limits.