To add a Fenics 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 for Fenics, enter the user-defined account name up to 12 characters in length.
Use this field to define the routing behavior for the account. 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.
Position Transfer — Determines if an order should be canceled or replaced based on the order quantity of the cross order. If orders have the potential to fill resting orders in the same account "tree" and your account or sub-account(s) are set up with Position Transfer enabled, then Position Transfer may cancel or reduce the quantity of the resting order and create two synthetic fills for each order in the account at the resting order's limit price, as if the two orders had actually been filled at the exchange. For a description of how Position Transfer works, refer to Position Transfer.
Position Transfer (if resting order is best bid/offer) — Determines if an order should be canceled or replaced based on the order quantity of the cross order and the price of the resting order submitted using the same account "tree". 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.
When applying the Position Transfer rule to prevent order crossing, consider the following:
The new account appears in the Accounts list in the left navigation pane. Sub-accounts appear as nested under their parent account.