Tag Archives: admin

Position Check

Section A: Your Positions

1. What is a position?
• Shares of a stock or option that you have bought or shorted with your account’s funds.

2. What are morning positions and current positions?
• Morning positions are carried over from the previous trading day, current positions are positions you currently hold.
• Current Position = Morning Position + Today’s Buys – Today’s Sells

3. How do I close/cover a position?
• Right click on the position in the Positions window, then select Montage. In the Montage window, once the order information is entered correctly, click Sell to close a long position, or Buy to close a short position.

4. Why do the clearing firm and DAS Trader Pro have different information about my positions?
• The clearing firm may have adjusted or closed a position outside of the DAS Trader system. This may be caused by a trade break or other reasons.
• The End of Day file did not make it to the clearing firm, this can be caused by various issues. It is best to confer with DAS or the clearing firm directly about this.
• The clearing firm may not have sent the Beginning of Day files to DAS which contain the most current positions information.

5. When we use the Position Check feature, should we compare current positions?
• No, you must use morning positions file as your traders may have already traded today.

Section B: How to Use the Position Check Feature in DAS

6. How do you do a Position Check?
• On the menu bar, click Admin then Position Check. Load the position file using the correct “Compare” button. Then using the three sections which are labeled “Position mismatches,” “Positions only found in System (meaning DAS),” and “Positions only found in file,” and using your knowledge as the broker or administrator, you can select positions to insert, delete, or update.

7. Where I get the positions file from ETC?
• You can download it from the ETC ftp site.

8. Where I get file from IBOSS?
• You can ask DAS to pass this file to you.

9. What are the positions that DAS has?
• These are positions that carried over from the previous day. Because a broker, administrator, or the clearing firm may flatten or adjust a position overnight, the positions that the clearing firm has are the correct ones.

10. What are the position mismatches?
• It is when the positions from the two different sources have different numbers for shares or average cost.

Online Traders (admin view)

This window displays a list of traders online, along with their branch, trader type, version number, login time, IP address, and the quote server they are connected to. This list is not dynamic, to obtain a snapshot of who is online at the moment, right click in this window and select Refresh.

Position Check

This program allows you to compare the DAS Trader database for daily starting positions with a clearing firm position file. Type: 1=Cash; 2=Margin; 3=Short.

Click the Compare with Penson button. Locate the clearing firm’s position file. Click Open.

Position mismatches in system and file: List of positions that are mismatched.

Position only found in System: Lists positions found in your DAS database, but not in the clearing firm file.

Delete: Highlight the positions you wish to delete from the DAS database.

Position only found in file: Lists positions found in the clearing firm’s position file, but not in the DAS database.

Insert: Highlight the positions you wish to insert into the DAS database.

Save: Allows you to save the displayed report to Notepad (or your preferred program for .txt files).

AccFilter: List account numbers you wish to exclude from comparison.

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.