Shortlist (Admin view)

Shortlist (admin view)

This window allows you to add a security to the Shortlist, or remove a security from the Hard to Borrow list. Select Shortlist from the Admin menu to open the Security

Control window. Enter the security symbol in the symbol field. Put a check next to

Shortable List0 or ShortableList1. Enter the number of shares. (This is the maximum number of shares that can be sold short on one order). Click Commit.

 CHECKING IF A SECURITY IS SHORTABLE

Enter the security symbol and click Load. This feature only works for NASDAQ National Market and Listed securities. See Note, below.

NOTE: NASDAQ Small Cap and OTCBB securities are automatically not shortable on this system. However, these securities will be displayed as shortable when using the Load feature described above.

ADD MULTIPLE SECURITIES TO SHORTLIST

You can use the Cut & Paste Short List Edit feature (the big white box on the right side of this window) to add multiple items to the shortlist. This is the format you’ll need to use:

SYMBOL,SHORTSIZE

A,1000

B,10000

C,5000

But make sure you change A, B, and C and their size to the right symbol and size. Click Commit to add these to the shortlist. You will have to adjust the Long Leverage and Short Leverage field individually when adding symbols using this method.

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.