To add a EEX account:
Click +New Account at the top of the Accounts screen.
The Account Information section is displayed.
In the Account Name/Number field when creating an account, enter the exchange-provided account name. This value is sent to the exchange as Tag 25009 in the exchange API. Account names are optional at the exchange, but a routing account is required for submitting orders on the TT platform.
Users can route orders through both derivatives and spot emissions connections using the same account, so they do not need to change accounts when switching from one product type to another (e.g., from derivatives to spot). Orders for derivatives products are routed through ETI sessions, while orders for spot products are routed through the ComXerv interface.
Use this field to define the routing behavior for the account and set up its account hierarchy for tiered risk. All order routing is based on user account. Select one of the following:
Routing (external clearing): Defines the parent account as a clearing account sent to the exchange on all orders. If assigned to a user, the account appears in the user's list of routable accounts. When selected by a user, the account is used to route orders and identify the account to the exchange (e.g, FIX Tag 1). If configuring this account as an omnibus account, select this option. If an internal sub-account is assigned to a parent account, the sub-account inherits the exchange connectivity of the parent account.
Note: For exchanges that send the account name as Tag 1, you can override Tag 1 by entering a "Clearing Account Override" located on the account's Exchanges tab.
Routing (internal sub-account): Defines the account as a sub-account that is not routed to the exchange. This allows you to assign the user to an internal account for routing and risk purposes, even though a parent account will be sent to the exchange as the actual clearing or omnibus account.
Tip: Sub-accounts set as "Routing (internal sub-account)" can be selected by client trading applications for submitting orders, but only their parent account is routed to the exchange.
Non-Routing: Not sent to the exchange. Recorded internally and can be used for back-office purposes, or as a parent risk account that allows you to group a set of sub-accounts together and set risk for the non-routing parent.
Tip: Accounts set as "Non-Routing" are not selectable by client trading applications.
Position Transfer — When a match is detected, the resting order is canceled or the working order quantity is reduced by the size of the aggressive order. A fill is created by TT and sent to each account. If the aggressive order was larger than the resting order, then the remainder of it will be sent to market. For a description of how Position Transfer works, refer to Position Transfer.
Position Transfer (if resting order is best bid/offer) — This rule works the same as Position Transfer except that the internal matching occurs only if an order has the potential to fill a resting order at the current best bid/ask price.
Note: When using this rule, the resting order may get matched and filled at the exchange while the aggressive order is in flight.
The new account appears in the Accounts list in the left navigation pane. Sub-accounts appear as nested under their parent account.
EEX exchange properties for an account:
An account type is required to submit orders for EEX derivatives.
Clearing Account — Overrides the TT account value in Tag 25009 on order actions sent to the exchange. The optional clearing account override name is user-defined. By default, the user's TT routing account is sent in Tag 25009. Note: A user-level clearing account override setting takes precedence over the account-level setting.
Client ID — Identification of the customer (Short Code). Sent to the exchange as Tag 20003. This setting is required when Account Type is "A" (Agent)/Trading Capacity is "Any other capacity".
You can also enter the following values in this field:
Client Can Override — Sets whether the user can override the value for the selected field when submitting an order. Check the check box to allow a user to override the value. When unchecked, the field is locked and the user cannot change the value. This setting is unchecked by default.
Note: Because required fields vary by exchange, this setting may be grayed out based on exchange settings configured in the Order Tag Defaults profile.