Allocation Tool. User Manual on the use and functionality of the Allocation Tool

Transcription

1 User Manual on the use and functionality of the Allocation Tool

2 CONTENT 1 Introduction Overview Access Setting up Allocation Keys and Rules Prerequisite Key Management Create a new key Margin Handling Priority and Remainders Import and Export Key History Find Account(s) Rules Create a New Rule Allocation of Trades and Orders Allocating Trades Allocating Orders... 9 Functional 05 December 2016 Page 2 of 9

3 1 INTRODUCTION The Allocation Tool is an integrated part of the staff trader version of SaxoTrader. The trade allocation allows block trades to be allocated automatically and instantly to customers accounts. Each trading module has a drop down menu from which a pre-defined allocation key is selected before placing a trade or order. Once the trade/order is executed, it is automatically booked on the accounts specified in the allocation key. Allocation keys are created using the Trade Allocation Key Editor module. From this module it is also possible to set up rules that will enable the system to automatically select an allocation key based on predefined criteria. 1.1 OVERVIEW Key Features 1. Set up allocation keys and rules. 2. Trade or place orders using allocation keys. 3. View allocated trades in the allocation summary. 1.2 ACCESS To get access to the Allocation Tool, a request must be sent to your account manager. Access via the system When the access has been approved and the system is configured, the Allocation Tool can be accessed from the Staff Trader (DesktopTrader) for the employees with trading rights configured. Within the Staff Trader, the Allocation Tool is accessible by going navigating to the Account tab. Functional 05 December 2016 Page 3 of 9

4 2 SETTING UP ALLOCATION KEYS AND RULES 2.1 PREREQUISITE Open the Trade Allocation Key Editor module from the Account menu and make sure the correct trading account and error account have been selected. 2.2 KEY MANAGEMENT CREATE A NEW KEY 1. Click New Key. 2. Enter name and select margin handling. 3. Click Add accounts. 4. Select accounts and click Add. The accounts now appear in the accounts list in the right hand side of the Key Editor. 5. Select individual accounts to change value, set priority and remainder. Functional 05 December 2016 Page 4 of 9

5 6. Click Save. 7. The unit distribution among the accounts in a key can be automatically set using the available calculation methods MARGIN HANDLING In case one or several accounts in the key can t hold their part of the block trade/order position, you must select whether the amount of the block trade/order should be reduced or the entire trade/order cancelled. There are several reasons why an account might not be able to hold a position, for example, an account has insufficient margin, an account has been deactivated or an account is no longer able to trade a certain product. Note: See Allocation Error Scenarios in the Help for more information PRIORITY AND REMAINDERS Functional 05 December 2016 Page 5 of 9

6 In case the trade/order amount doesn t match the total number of units in the key, there can be one or several reminders when allocating. Therefore you have to specify which account (s) should have priority and get the remainder(s) IMPORT AND EXPORT You can Export a key to a spreadsheet. This may be useful for calculating unit distribution. You can Import the key again KEY HISTORY You can see a list of all changes that has been made to a specific key by clicking on the ID in Activity Log FIND ACCOUNT(S) In Key Editor and Add Account you can use Find to search for a specific key or client/account. In Key Editor on the left hand side, the key(s) which contain the search term are highlighted and if you select a key by clicking on it, the right hand side will only list the account(s) which match the search term. In Add account dialogue the Find will filter to only show the corresponding accounts. 2.3 RULES You can automate the allocation process by setting up allocation rules and ticking Auto in the trade or order module. When you trade the system will then automatically select the correct allocation key. Rules apply to instrument type, instrument, or amount. If several rules apply to a trade, the rule with the highest priority will be used CREATE A NEW RULE 1. Open the Rules dialogue by clicking Rules in the Trade Allocation Key Editor. 2. Click new rule. 3. Enter the relevant information and make sure to set it to active. Functional 05 December 2016 Page 6 of 9

7 4. Click magnifying icon. The add/remove instruments dialogue appears. 5. Add individual instrument OR include all instruments in a product group by ticking off the products on the left hand side and click OK. 6. Click Save. Note: You can always press F1 on your keyboard to access Help to get more information. Functional 05 December 2016 Page 7 of 9

8 3 ALLOCATION OF TRADES AND ORDERS 3.1 ALLOCATING TRADES The allocation functionality is available in all trading modules. The allocation occurs instantly when the trade is executed. 1. Open a trade module, select instrument, enter amount, etc. 2. Select a trading account in the Account drop down menu. The allocation section appears. 3. Select an allocation key or tick Auto to auto-select the allocation key. The auto-selection is done according to the rules you have set. Note: Auto is not available in the Prices and Trade module or the Forex Options Board. 4. Click Margin preview to check whether the accounts have enough margin to hold the position. The Margin Preview list appears. Note: Margin preview offers an indication of the current margin utilization, but the actual margin utilization might have changed by the time the trade is executed. 5. Click Buy/Sell. Functional 05 December 2016 Page 8 of 9

9 3.2 ALLOCATING ORDERS The order is allocated instantly, but filled as one large order in the market. Clients are not able to amend or cancel the order. This can only be done from the trading account. 1. Open an order module, select instrument, enter amount, etc. 2. Select a trading account in the Account drop down menu. The allocation section appears. 3. Select an allocation key or tick Auto to auto-select the allocation key. The auto-selection is done according to the rules you have set. Note: Auto is not available in the Prices and Trade module or the Forex Options Board. 4. Click Margin preview to check whether the accounts have enough margin to hold the position. The Margin Preview list appears. Note: Margin preview offers an indication of the current margin utilization, but the actual margin utilization might have changed by the time the order is executed. 5. Click Place Order. The traded amount must be equal or larger than the total amount of units in the key. If the traded amount does not match the key you will see a yellow warning triangle. The warning can be ignored and the trade can still be executed. Remainders will be allocated as specified in the allocation key. Functional 05 December 2016 Page 9 of 9