Tickets Report

Tickets Report

Tickets represent all executions that result from one order being entered. This window is just for informational purposes. Please check your back office program for exact fees.

Refresh: You must click Refresh first to view any tickets. 

Filters:

Cat: Select Real (for tickets from live trades), Training (for tickets from paper trades), or Both.

Stat: Select Canceled or Open.

Br#: Branch Select from the menu or leave blank to view all tickets.

Symb: The security symbol.

Route: Select from the menu.

Trader: The Trader Logon.

Acc#: Account number.

After selecting your criteria, click Filter to view the pertinent tickets.

Fit: Click to adjust the data to fit the columns.

Count: Displays statistics regarding the displayed tickets.

Editing Trades

Editing Trades

Double click on the trade to be modified. The Modify Trade window opens. Modify Trade data as necessary. Click Commit and Exit.

Trade Copy

Double click on the trade to be modified. The Modify Trade window opens. Click New Copy, and Commit and Exit.

Canceling Trades

Double click on the trade to be canceled. The Modify Trade window opens. In the Status field, select Canceled. Click Commit and Exit.

Editing Commissions on Multiple Executions 

Multiple executions resulting from one order entered share the same Token, an identifying number, found in the last column on the Trades window. To change a commission to anything other than what is specified on the trader’s Deal, change the commission on only one of the multiple executions.

Zero Commission – Delete the field to change a commission to zero.

Phone – Set to YES to add a phone charge to the commission. (See Deal Edit).

Trade Manager

Trade Manager

The Trade Manager window is empty when first opened. Click Filter to display ALL the current day’s orders. Or, filter by specific parameters using the filters on the right. Empty fields filter by all data.

Filters:

Cat: Category, select Real (live trades), Training (paper trades), or Both.

Stat: Order status.

Br#: Select a branch from the dropdown menu.

Tkn: Token associated with an order.

Symb: The security symbol.

Trader: The Trader Logon that placed the order.

Route: Select from the dropdown menu.

Acct#: Account number.

+/-: This check box will show if the trade added or removed liquidity in the route column.

OrderID: Order ID number.

TradeId: Trade ID number.

Buttons:

Filter: Searches for orders based on criteria entered.

Clear: Clears all fields

Fit: Adjusts the columns to fit the data.

Sort: Sorts by column selected.

Stat: Statistics; left click to generate statistics for the selected order.

To learn how to edit trades or manually add trades, visit this page.

Order Manager

Order Manager

The Order Manager window is empty when first opened. Click Filter to display ALL the current day’s orders. Or, filter by specific parameters using the filters in the top part of the window. Empty fields filter by all data.

 Filters:

Cat: Category, select Real (live trades), Training (paper trades), or Both.

Stat: Order status.

Br#: Select a branch from the dropdown menu.

Tkn: Token associated with an order.

Symb: The security symbol.

Trader: The Trader Logon that placed the order.

Route: Select from the dropdown menu.

Acct: Account number.

Order ID: Order ID number.

TIF: Time in Force.

Buttons:

Filter: Searches for orders based on criteria entered.

Clear: Clears all fields

Fit: Adjusts the columns to fit the data.

Sort: Sorts by column selected.

Stat: Statistics; left click to generate statistics for the selected order.

 Statistics:

Number: The number of orders.

Buy: Total number of orders, open shares, and dollar amount on buy side.

Sale: Total number of orders, open shares, and dollar amount on sell side.

Canceling Orders

Left click anywhere on the open order to be cancelled. Click the Cancel button. It is located in the top left corner.

Bulk Cancel

Filter so that all orders to be cancelled are displayed. Click the Cancel All button.

Closing Orders

If for some reason, it is not possible to cancel an open order, the order may be closed, or purged from the system. Left click anywhere on the order to be closed. Click the Close button. Closing an order does not cancel the order. Be sure to determine the status of the order. For Bulk Close, use same procedure as for Bulk Cancel.

Further Explanation for Some Columns:

L/M: This column shows if the order a Limit, Market, or Stop order. If the order is a stop order, it also displays the trigger price in this field.

Positions Manager

Position Manager 1

Filters: Use any or all of the criteria to search for positions. Leave all blank, then click Filter to see all positions currently held by your firm.

Br#: Branch

Symb: Symbol, it can be for equities, options, or futures. Currently, you will need to know the exact options or futures symbol to search for it.

Type: Search for symbols by what type of account it is in.

Trader: Search by who traded the symbol.

Acct#: Search by account.

Closed Position: Check to see positions that have already been closed.

COLUMNS

Account: The account number.

Symbol: The Security symbol.

Type: Margin or Cash

InitShare: The number of shares held at the start of the current day.

Shares: The current number of shares being held.

Branch: Branch where the account is located.

AvgCost: The current average cost of the security.

Realized: Realized P&L – If a portion of a currently held position was liquidated today.

UnRealized: Unrealized P&L if the current position was liquidated at current market prices.

Bid/Ask: Real time Level I quote. Not Dynamic. Click Filter to refresh.

HoldBp: Buying power not yet released.

Position Manager 2

ADDING A POSITION

Double left click anywhere on the left side of the Position Manager, opening the Position

Edit window. If there is data in the window, click New. Enter the following data:

Account: The account number.

Secsym: The Security symbol.

Type: Cash, Margin or Short account.

Init Shares: Enter the number of shares.

Init Price: Enter the security price (actual purchase price, if known).

Click Commit when all information for the position is entered.

View only info:

Shares: The current number of shares being held.

AvgCost: The current average cost of the security.

Create: The date the original position was entered.

Modify: The date the data was last modified.

DELETING A POSITION

Double left click on a position to open the Position Edit window. Set InitShare to 0 (zero) then click Commit.

Trading Control

Trading Control

To link a Trader Logon with an Account, you must:

1. Enter the Trader Logon in the Trader field.

2. Enter the account to be linked in the Acct field.

3. Check the box for E: enable.

Optional: Check the box for S: solicit if you are placing orders on behalf of your client (for internal reference only).

4.  Check the box for T: Trade.

Optional: F: Feed Bill For future use.

5. You must select a Relationship: Located next to the T: Trade check box.

Owner – When the Trader and account holder are the same person.

LTA – Limited Trading Authorization on file.

Discretion – Traded with discretion by registered rep.

This is for internal reference but one must be selected.

6. Select Deals for equities, options, and futures trading. A commission Deal must be selected, Deal is for Equites, DealOp is for Options, and DealFT is for Futures.

7. CLICK COMMIT WHEN DATA ENTRY IS COMPLETE!

Other buttons:

Sorting: Allows sorting of all Account Link columns. To sort an entire column, left click on the column title, highlighting it. Click Sort. Repeat to sort in reverse.

Clr: Click to clear all fields for the purpose of filtering.

Filter: First clear data fields, then filter by Trader or Account.

Updating Equity and Buying Power

Admin view of BP/EQ Edit

BP and Equity: Left click on the row containing the account, bringing up the account info on the right side. Left click on the “…” button next to the BP/EQ field (circled in red above), opening the Equity window. Beginning values may be edited for Daily and Overnight buying power, and Equity. Current values may be viewed.

Admin view of BP/EQ Edit 2

Cash Accounts

 

Buying Power in cash accounts allows the trader to use their cash ONCE each day.

 

Withheld Buying Power for cash accounts is not replenished when an intraday (or overnight) position is closed.

 

Daily: Buying Power for cash accounts is displayed as FOUR TIMES the actual cash value. The system will divide that number by four. The front end user will see the actual cash amount in the Open BP column on their Account Manager, not the four times cash the Administrator sees. When Daily BP is edited for cash accounts FOUR TIMES the actual cash value must be entered.

 

Over Night: Buying Power for cash accounts is displayed as TWO TIMES the actual cash value. The system will divide that number by two. The front end user will see the actual cash amount in the Overnight BP column on their Account Manager, not the two times cash the Administrator sees. When OverNight BP is edited for cash accounts TWO TIMES the actual cash value must be entered.

 

Margin Accounts

 

Daily and OverNight Buying Power for margin accounts is displayed as the actual buying power. No adjustments need be made.

 

CLICK COMMIT WHEN DATA ENTRY IS COMPLETE!

 

Accounts

Accounts - Admin View

Creating Accounts

Enter data in the following fields, when creating a new account, make sure the greyed out box says New:

Acc: Enter the account number here.

Br#: Select a branch from the drop down menu.

Status: Next to Br#, select Open (can be traded) or Closed (cannot be traded). We recommend never deleting accounts.

 

Notice the person and location icons. You may enter Trader contact and address information here, but it is not necessary if you store this information in a separate back office system. Left click on the icon and while holding down the mouse button, drag the cursor over the information window and release the mouse button. Additionally, notes may be recorded in the empty white field on the right.

 

Sorting: Allows sorting of all Account List columns. To sort an entire column, left click on the column title, highlighting it. Click Sort. Repeat to sort in reverse.

Clr: Click to clear all fields for the purpose of filtering.

Filter: First clear data fields, and then filter by Account, Branch or Status.

 

Rrno: Registered Rep number

Acc Type: Next to rrno, for purposes of internal designation.

 

 

CLICK COMMIT WHEN DATA ENTRY IS COMPLETE!

Check Boxes

Margin: Check for Margin account, uncheck for cash account.

Training: Will make this account a paper trading account, the orders are not sent out. Only accounts beginning with TR can be designated as training accounts.

Proprietary: If checked, the account is considered proprietary.

Buy Option: Enables account to buy options.

Write Option: Enables account to write options

Write Naked Option: Enables account to write naked options.

Complex Option Order: Enables account to send complex options orders.

BP Extend: If checked, use extended BP calculation based on intra-day trading activity.

2 x BP for cash order: If checked, will hold 2*BP for cash order, if unchecked, will hold 4*BP for cash order (normal case).

Position BP: Releases buying power based on positions held.

Futures Trading: Enables account to trade futures.

Auto Cover after executions: Please contact DAS about this feature.

Fix BP: BP will be the same amount every morning.

Release Day BP: Release buying power for day trading.

Release Overnight BP: Release buying power for overnight trading.

Release ½ BP:  Release only half buying power if buying power is released.

BP change with P/L: Changes buying power according to P/L.

Portfolio Margin: Enables portfolio margin, please confer with DAS and your clearing firm about this feature.

SMAT stop order BP check trigger: Checks only the buying power when a stop order is triggered on smart router.

Overwrite overnight position AvgCost: If checked, doesn’t keep overnight position average cost.

Fast Buying Power Check: If checked, buying power checking is simplified to send order to the market ASAP.

Flexi Leverage: If checked, Flexi leverage will be applied.

Delay Tickets Calculation: If checked, tickets calculation will be delayed.

DAS Maintain BP/Equity: BP and Equity will be maintained by DAS instead of being imported from a back office.

 

CLICK COMMIT WHEN DATA ENTRY IS COMPLETE!

 

Per Account Risk Control

Read each field carefully to see what it is for. Here are some additional notes:

Max Loss: This applies to realized P/L only

Total Loss: This applies to both realized and unrealized P/L

Downcount: The value for this field is N minutes. If the account reaches Max Loss or Total Loss, then this account’s open orders will be canceled, and all positions will be closed after N minutes. Set to 0 for this field to be ineffective.

For more about Buying Power and Equity, see this page about BP and EQ.

Trader Logons

Trader Logon Window

Trader Logon detail

Adding Traders: Enter data in the following fields in the top left of the window. Make sure the grey box says New.

Trader: Enter the User ID of the trader. User Ids may contain up to 10 characters, including letters and/or numbers.

Type:

Trader: Allows the individual client to access his or her own account(s).

Manager: Allows view only access to all account and trade information, for all accounts designated within a branch. The Manager logon has the ability to enter orders and execute trades directly in accounts within branch.

Manager (no branch): Similar to the Branch Manager, but when no Branch is assigned, the logon has view only access to the entire Firm.

Admin: The Branch Admin logon has absolute authority to to view and edit all the of branch’s data.

Admin (no branch): The highest level of authority, the DAS Admin logon has authority to view and edit all of the firm’s data. Additionally, this type of Admin user can have the permission ‘Super Admin’ which allows it to edit the permissions of other admin users.

 Status Located to the right of the Type field. Choose the appropriate status: Open, Close or Delete.

Br# Select the appropriate branch for the Trader Logon from this dropdown menu.

Clr: Click to clear all fields for the purpose of filtering.

Filter: First clear data fields, then filter by Trader, Type, Status or Branch.

Sorting: To sort an entire column, left click on the column title, highlighting it. Click Sort. Repeat to sort in reverse.

Notice the person and location icons. You may enter Trader contact and address information here if you do not have a separate back office location where you store thins information. Left click on the icon and while holding down the mouse button, drag the cursor over the information window and release the mouse button. Additionally, notes may be recorded in the white field on the right.

ExBr: Gives admin or manager user access additional access to another branch.

Security Prompt: For your reference only. May be initials of user creator or security question to ask client when resetting his/her password.

CLICK COMMIT WHEN DATA ENTRY IS COMPLETE!

Check Boxes

Check Shortlist: When checked, all short sale orders must pass the firm’s short list for compliance.

Check Buyingpower: When checked, subjects the order to the account’s buying power restrictions.

Check Position for Sell: When checked, the account must hold the position in order to enter a long sell order.

MM Route: If your firm provides access to direct market maker connections, a check in this box will allow the logon to send orders to those destinations.

Deal Control—Modify: Allows Admin user to edit deals.

Deal Control—View: Allows Admin or Manager to view deals.

Feed Control: Allows Admin or Manager to edit which data feeds a user receives.

View only: Permits Admin or Manager for viewing of firm data; disables trading.

Data Feed Permissions: Enables selected user for each data feed. Keep in mind that these incur monthly charges as soon as you turn it on, so plan accordingly. Note: Options Level 1 is required for Options Chain even if Options Level 2 is selected.

Pro Feed: Indicates the data recipient is a professional user.

Admin Feed: Indicates the logon is for administration purposes.

Branch Pay Feed Indicates the Branch, not the customer account is billed for data.

Plugin Feed: Necessary permission for DAS Plugins, such as the DDE Link.

API – C/C++; .Net; Client version: Enables API usage for selected user.

Advanced Chart: Enables user to draw Fibonacci lines, etc. on charts.

Allocation Enable: Allows Admin to use the Allocation feature.

Allow Cancel/Replace: Allows user to send replace orders using the RPL button in the montage.

Disable PRO Frontend Access: Must be checked off if you want selected user to be billed as a web user.

Enable iDAS Access: Gives access to iDASTrader for Level 1 and Web users. Users receiving Regional or Totalview data automatically receive free access to iDASTrader.

Risk Management View: Allows Admin or Manager viewing access to risk management.

Risk Management Update: Allows Admin editing abilities for risk management.

Super Admin: Allows selected admin user to edit permissions of other admin users.

Enable Scanner: Allows the trader to use DAS Scanner

admin-traderlogon3

 

CLICK COMMIT WHEN CORRECT USER PERMISSIONS ARE ASSIGNED

Deal Edit

You can open the Deal Manager by clicking Admin then Deal Manager. This window allows you to add and edit commission rates.

Screenshot of the Deal Manager window.

Screenshot of the Deal Manager window.

Deals, (commissions) can be structured for the entire firm, by branch or by individual trader. Many firms find it useful to designate a Default deal, which forms the basis for all sub-deals. The Default deal can include items that are common to all deals, such as exchange fees and premium ECN fees.

Default Deal

Select Deal Manager from the Admin/Manager drop down menu, opening the DealEdit window. In the ID field, enter 0 (the number zero). In the Name field, type DEFAULT.

 Commission Elements

These are the basic components of a commission:

Share Limit: The maximum number of shares allowed on one order. Set to 999999 for unlimited.

Share Adj: The per share charge, applied to shares exceeding the Base Share.

Share Cap: The maximum number of shares that receive a Base Charge and/or a Share  Adj. If Base Share is used Share Cap must be equal to or greater than Base Share.

Limit Adj: Additional charge per share for limit orders

Mkt Adj: Additional charge per share for market orders.

Base Share: The number of shares to which the Base Charge applies; Share Adj is applied to shares exceeding the Base Shares, and in addition to the Base Charge. When Base Share is used Share Cap must be equal to or greater than Base Share

Base Charge: The base commission

Commission Cap: The maximum commission applied to a ticket. Set to 9999999 for unlimited.

Enter values in the appropriate fields. If no charge applies, use 0 (zero). Do not leave –1 in any fields. Do leave the checks in the boxes.

Path Fees

These are add-on fees, (pass-through fees), in addition to the above base charges.

Path: The name of the path (pass through), e.g. ARCA or INET. For ECNs, use the

MPID of the ECN. Use PHONE to add a phone charge to the ticket.

$/tkt: A price in this column adds the fee per ticket. *

$/exe: A price in this column adds the fee per (multiple) execution.

$/shr: A price in this column adds the fee per share. *

/Value: Calculate the fee based on value instead of share.

Enter values in the appropriate fields. If no charge applies, use 0 (zero). Do not leave –1 in any fields.

*Path Fees can include both a per-ticket and a per-share fee.

Notes may be entered in the blank field on the bottom left side of the DealEdit window.

CLICK COMMIT WHEN THE DEFAULT DEAL IS COMPLETE!

 Additional Deals

Once the DEFAULT deal is set up, adding other deals is easy. In the ID field, enter a number, other than zero, to identify this Deal. In the Name field, enter the name of this new Deal. Notice that all fields on the left and right are greyed out. These are the DEFAULT DEAL values. To change any value on the left, put a check in the appropriate box, and enter the new value in place of the zero.

DEFAULT DEAL values are in grey. Altered values are in white.

Removing the check restores the DEFAULT DEAL value.

To change Path Fee values click on the appropriate field, change the value, and click anywhere on your screen. The altered Path Fees move to the top of the window.

DEFAULT DEAL values are in grey. Altered values are in white.

CLICK COMMIT WHEN THE DEAL IS COMPLETE!

Any existing Deal can be used as the default for a new Deal. Enter the ID and Name of the new Deal. Next, in the Default drop down menu in the bottom left of the DealEdit window, select the Deal you want to use as the Default. The corresponding values will be displayed in grey. Edit as described above.

To restore the DEFAULT Deal Path Fee, click on the value, and using the backspace key, delete the value. When the field is empty, click anywhere on the screen. The restored

DEFAULT Path Fee returns to the bottom, in grey.