TT CME Gateway System Administration Manual - Trading ...

5 Configuring Order Management
Support of Post-Trade Functionality
Overview The CME Gateway supports orders designated for post-trade processing by CME
Clearing. These orders are entered using clearing member codes in the Give Up
field or special characters in the trader’s Account# field in the X_TRADER ®
Customer Defaults profile. Orders requiring special characters can also be entered
using the account number field in the X_TRADER ® Market Window.
The following orders are entered using codes in the Give Up field:
• MultiFirm Give Up orders
• Mutual Offset System (MOS) orders
Orders using special characters in the Account# field or entered directly in the
X_TRADER ® Market Window are:
• Average Price System (APS) orders
• Single Line Entry of Differential Spreads (SLEDS) orders
• Discretionary Orders
• Bunched Account Orders
Gateway Behavior The CME Gateway supports post-trade functionality at order entry, and is not
involved in any post-fill or post-trade processing. When codes or special
characters are entered in the account number, they appear in the TT system the
same way they were entered.
For example, if “%4400” is entered in the account number field in the
X_TRADER ® Market Window, the account number will appear in the TT system as
“%4400” and not “4400” (special characters ignored). The Gateway routes the
special characters and codes to the exchange, and they appear in the fills sent to
CME Clearing.
Client Impact All orders can be designated for post-trade functionality in X_TRADER ® . Direct
Traders can change their Customer Defaults profiles and enter all trades with the
special characters or Give Up code, or they can enter their characters in the
Account# field in the X_TRADER ® Market Window field on a per order basis.
A TTORD trader is locked into a Direct Trader profile, and cannot change values in
the Customer Defaults profile or enter special characters in the Market Window. A
separate profile should be set up for TTORD traders.
In Guardian or TT User Setup, TTORD traders must be setup with account
numbers that include the codes and special characters they plan to use when
entering orders. For example, if a TTORD trader places APS orders and SLEDS
orders, two separate account numbers with the codes for these types of orders
must be pre-listed in Guardian or TT User Setup when the TTORD login is defined.
MultiFirm Give Up Orders Customers wishing to submit orders that are given up to multiple firms must use
one of the following methods:
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Trading Technologies International, Inc.
• Submit orders with the X_TRADER ® Account Type set to G2. CME
Gateways contain an enhancement that allows you to leave the Give Up
field blank. When the order does not have a Give Up account, the gateway
returns blank values for Giveup and Clr Mbr.
• Use different Account Types (i.e., G1 or M1) to submit orders to multiple
firms. However, you must set GiveupAccounts=G1, M1 in the
[order_session_#] section of the hostinfo.cfg file.