NYSE Liffe Gateway 7.18.40 and X_TRADER 7.17.89 and higher support the following types of OTC trades via Euronext Optiq:

• Large-in-Scale Trades — high volume trades in any outright or strategy product.
• Large-in-Scale Package Trades — pre-negotiated trades between two parties that take place outside the central order book. Each trader enters one side of the Prof Trade and the details must correctly match to complete the transaction.
• Exchange For Swap (EFS) — allows trades to offset a specific OTC swap transaction for a similar commodity or a direct product of that commodity.
• Against Actual — strategies for commodities markets that incorporate a futures leg and an underlying commodity leg.
• Request for Cross — A cross order submitted for a specific duration of time to allow price improvement and matching based on responses to the request from other traders.

The fields in the Wholesale Order window vary depending on the exchange, type of product, or instrument you trade. If the product is a strategy, the associated legs for that strategy are listed in the appropriate fields in Wholesale Order window.

If you need to cancel a wholesale order, contact the exchange and provide them with your ITM. If you don’t know which ITM was used to place the order, contact your TT Gateway administrator for your ITM ("SenderCompId" in the gateway hostinfo.cfg file).

To submit a wholesale trade on Euronext:

1. Open the product you wish to trade in a Market Grid window.
2. In the Market Grid, right-click the row containing the product and select Wholesale Orders from the context menu.

   Note: The Wholesale Orders options is grayed-out if:

   • Your administrator has not enabled wholesale trades in TT User Setup.
   • The product/exchange does not support wholesale trades.
3. Select an order type in the Order Types pane and set the quantity and price for the Wholesale trade. For Volatility strategies, manually input the quantities for the legs of the trade, as well as the spread quantity.
4. Complete the exchange-specific fields as listed below.

Common Wholesale Trade Fields for Euronext

The list below shows the common fields for submitting wholesale trades on Euronext. For Large-in-Scale trades, these are the only applicable fields.

For additional wholesale trade types, you must also complete the additional fields listed in the help sections that follow.

• Customer — A drop-down list of available customers. Only customers selected in the X_TRADER Customer Defaults window appear in the list. This is a required field. When a customer selection is made, the Account Number field is populated with the customer’s account number if provided.

  Note: Any changes to customer defaults (e.g., select another customer) requires a relaunch of the Wholesale Order window to pick up the most recent changes.

• Account Number — Free-form text up to 14 characters. Sets an additional, user-defined client identifier. This is an optional field and is sent to the exchange API in the "ClientInfo" field.
• Account Type — Sets the type of account used for submitting the trade. Valid values are Giveup, Customer, House, and Market Maker. The Account Type is required for all markets. If set to Giveup, then select Trader or Member in the Party Role field and enter an optional counterparty value in the ITM field.  The Clearing Instructions field will also be set to Giveup. 
• Party Role —  Sets whether the value in the ITM (Individual Trader Mnemonic) field is set for the Trader ITM or Member ITM. Valid values are Member and Trader. This field is required for Giveup orders.
• ITM — Sets the Individual Trader Mnemonic (ITM) provided by the exchange. Example value is 4HA. This field is optional for Giveup orders. When providing an ITM, you must set whether this value equals the Trader or Member ITM by selecting the appropriate value in the Party Role field.
• Open/Close — Sets whether the trade opens or closes the traders’ positions.
• Order Reference — A free-form text field that supports up to 16 characters. This field is optional and can be set to any unique value to represent either the trader or order reference. If entered, this value is sent to the exchange API in the SecondaryClOrdID field.
• Client Reference — Sets an optional, user-defined client identifier. This is a free-form text field that supports up to 14 characters. Sent to the exchange API in the "Account" field.
• Clearing Instruction — Sets whether the trade must be posted to a specific account in the clearing system. Valid values are <optional>, Manual Posting, Automatic Posting, and Giveup.  The selected value is forwarded to the exchange API in the "ClearingInstruction" field. When set to Giveup, you must populate the Party Role field; the Account Type will also be set to "Giveup."

The following figure shows the fields entered for Large-in-Scale trades.

Large-in-Scale Package trades are submitted as single-sided transactions. After submitting a Large-in-Scale Package trade as an Initiator, record the LIS Transaction ID provided by the exchange and send this value to the counterparty. The LIS Transaction ID is shown as a "Package ID" in the exchange message displayed in the Msg column in the Audit Trail.

The counterparty as the Reactor submits the opposite side of the trade by entering the LIS Transaction ID in the Package ID field to complete the transaction.

Additional Fields for Exchange For Swap (EFS)

EFS wholesale trades can be submitted only for futures and options instruments. To submit Exchange For Swap (EFS) trades, you must first complete the fields listed in "Common Wholesale Trade Fields for Euronext." In addition, you must complete the following field:

ISIN: Populate this field with the ISIN code (International Securities Identification Number) of the underlying contract.

The following figure shows the fields for EFS trades.

Additional Fields for Against Actual Trades

Against Actual trades can be submitted only for futures instruments. To submit Against Actual trades, you must first complete the fields listed in "Common Wholesale Trade Fields for Euronext." In addition, you must complete the following additional Fields for Against Actual trades:

• ISIN: You may populate this field with the ISIN code (International Securities Identification Number) of the underlying cash leg for the trade. This field is optional for Against Actual trades.
• Cash Price: You may populate this with the cash price of the underlying contract.
• Cash Reference: An optional, user-defined reference for the cash leg of the trade. This field allows a maximum of 14 alpha-numeric characters.

The following figure shows additional fields for Against Actual trades.