Managing Positions

On the Positions screen, you can filter by Account or User. When filtering by User, you can view aggregate positions. When filtering by Account, you can view positions for parent accounts and corresponding child (sub) accounts. The parent accounts display the aggregate of positions and P&L of all child accounts. If a parent account is not routed to the exchange, it'll appear in the Positions section but all fields will be blank. In this case, the corresponding child accounts will be displayed.

All other users can use the Risk Monitor Positions tab to view and monitor P/L and check positions, but they must be explicitly configured to update positions, per account, in order to offset positions or create manual fills.

As a company administrator, you can use the Risk Monitor Positions tab to do the following per account or user:

Monitoring P/L and Checking Positions

For the current trading session, select the Risk Monitor app to view P&L for all accounts used during the session, as well as all users who have submitted trades during the current session.

Note: The Positions widget in the Trade app shows P&L per account for all trading sessions. Risk Monitor shows open positions and P&L for only the current trading session.

To monitor P&L and check positions...

  1. Filter the Positions table by Account or User.

    After filtering, you can search for an account or username.

  2. Click the Currency dropdown and select a currency for displaying P/L.

    Click Refresh to update positions based on current trading activity.

  3. Review the following fields for each account/user:
    • Buy Qty -- The total Buy quantity.
    • Sell Qty -- The total Sell quantity.
    • Net Pos -- Indicates the position at the start of the day plus the difference between what you bought and sold.
    • Wrk Buy -- The sum of the quantity of all the working buy orders.
    • Wrk Sell -- The sum of the quantity of all the working sell orders.
    • P/L -- Your profit and loss. The P/L displayed is based on the same method used for risk checking.
    • P/L Price -- The actual price being compared in the P/L calculation per contract.
    • Avg Buy -- The average Buy price, excluding the SOD price and quantity.
    • Avg Sell -- The average Sell price, excluding the SOD price and quantity.
    • Margin -- The amount of money set aside for open positions and working orders per contract.
    • Credit -- The amount of money you can use per session.
    • Avail Credit -- Credit + P/L - Margin.
    • SOD Qty -- The user's or account's net position at the start of the trading session. Can be updated manually or automatically after a position reset.
    • SOD Prc -- The settlement or manually entered contract price for the start of the trading session.
    • SOD Prc Type -- Shows whether the SOD Prc is the exchange's settlement price (Settlement) or a manually entered SOD price (Manual). May be displayed per contract or parent account.

Offsetting positions

Offsetting a position creates a new fill record that neutralizes (Buy against Sell or Sell against Buy) the selected position for an account or user. For example, if you select a 5-lot Buy, the offsetting manual fill will be a 5-lot Sell for the same trader and on the same contract. Fields other than B/S (Buy/Sell) are identical between the original fill and the offsetting fill. Like manual fills, you must publish offsetting manual fills.

To offset a position...

  1. Filter the Positions table by Account or User.
  2. Right-click an Account/User, market, or contract in the table and select Offset Position in the context menu that appears.

    The Manual Fills screen appears.

  3. In the Create Manual Fills section, the selected Account or user Appears. Enter the following:
    • An account or user name depending on how you filtered the Position screen
    • The contract name (may be seeded if selected in the Positions screen)
    • The side of the trade to offset (Buy or Sell)
    • Quantity and price
  4. Click Add.

    The fill appears in the Pending Manual Fills section.

  5. Click Publish to offset the position.

    The updated position and P&L are reflected in the Positions screen for the account/user.

Creating a Manual Fill

A manual fill record is a trader’s open position from another source. Like Start of Day records, manual fills allow administrators to more accurately manage their traders’ overall position. On the Positions screen, you can right-click an account or user, market, product, or contract to open the Manual Fills screen to create and offset manual fill records.

Note: You can not modify a published manual fill, but you can create a new manual fill to offset the one you published previously. You can only modify manual fill data prior to publishing.

Modifying an SOD

A Start of Day record (SOD) is the summary of the net position that a user had on a specific contract during the previous trading session. On the Positions screen, you can filter by account or user and right-click a contract to select Modify SOD and open the Start-of-Day Position Record screen to modify SOD records.