Connections

Connections

Configuring a third party algo connection

Note: Please contact your Technical Account Manager (TAM) when configuring a Third Party Algo connection.

Use the Third Party Algo exchange setting to add and configure a FIX connection to an algo provider. When assigned to an account, these connections allow a user to route algo and/or DMA orders for multiple markets simultaneously on a single connection. When configuring the algo provider connection, you have the option to restrict access to certain markets. A single, dedicated connection can access multiple algos from the same provider. In addition, the same algo can be used by multiple connections (e.g., redundant connections to an algo provider in different locations).

To configure a third party algo connection:

  1. In the General Settings section, select a connection type in the Type field. For example:

    • Quantitative Brokers — A third-party algo provider.
    • (Private Bank 1) — The name of the private bank destination for accessing and executing algos and submitting DMA orders.
  2. Note: Contact your third party algo provider for the credentials for connecting to their algo execution environment.

    In the Exchange Specific Settings section, configure the following:

    • Primary IP — Sets the primary IP address for connecting the order session to the algo provider.
    • Primary Port — Sets the primary port for connecting the order session to the algo provider.
    • Sender Comp — Identifies TT in FIX Tag 49 in all outbound messages sent via the connection. Required for connecting the session.
    • Target Comp — Identifies the algo provider in FIX Tag 56 in all inbound messages sent via the connection. Required for connecting the session.
    • Password — A user password for logging in the session to the algo provider.
    • Restrict To Markets — Restrict access to only the selected markets. Click in the field to scroll through and select an exchange. Click + to add markets. Click X next to each field to remove a market.
    • Max Order Rate (orders/sec) — (Additional Settings section:) Sets the maximum number of orders per second that a user can enter per connection. This limit cannot exceed the exchange-defined order rate maximum. This field is optional.
  3. Click Save Changes.