Adding a TOCOM account

To add an TOCOM account:

  1. Click Accounts in the left navigation pane.
  2. Click +New Account at the top of the Accounts screen.

    The Account Information section is displayed.

  3. In the Account Name/Number field when creating an account for TOCOM, enter the exchange-provided account name, which is required for order routing. The user's TT routing account is sent to the exchange as the routing/clearing account on each order action in the ex_customer_s exchange API field.

  4. If this is a sub-account, select a "parent" account in the Parent field.
  5. Click the Type field and select an account type.

    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.

    • 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's clearing 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.

  6. To prevent order crossing using this account or any of its sub-accounts, click the Order Cross Prevention field and select an order crossing rule. The TT Trade application performs the following order actions based on which rule is selected:
    • Not Applied — No order cross prevention rule is applied to the account.
    • Reject New — Reject a new order that could potentially fill resting orders in the same account or account tree. Applies to only Limit orders and native Iceberg orders.
    • Cancel Resting (wait for ACK) — Send a cancel request to the exchange for the resting order. When the exchange acknowledges the request and cancels the order, submit the new order. Applies to only Limit orders and native Iceberg orders.
    • 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.

  7. Optionally, check one of the following options:
    • Use Reject New instead of Position Transfer within the same account — When checked, this setting prevents the use of position transfer within the same account and uses "Reject New" for order cross prevention. This setting is active when "Position Transfer" is selected for the account, otherwise, it is grayed-out.
    • Disable trading (this account only) — Disables trading for this account. This checkbox is checked by default.
    • Disable trading (sub-accounts) — Disables trading for all child accounts of this parent account.
    • Disable trading (autoliquidate) — Checked automatically after auto-liquidate is triggered on an account. Increase the credit limit and uncheck this option to restore trading to a liquidated account. This setting can only be checked by the Setup application when an account is liquidated (i.e., you cannot manually check this setting).
  8. Click Create.

    The new account appears in the Accounts list in the left navigation pane. Sub-accounts appear as nested under their parent account.

Configuring TOCOM exchange properties

  1. Click Accounts in the left navigation pane and select an account in the data grid.
  2. Click the Exchanges tab for the selected account.
  3. Click the Select an Exchange selector to find and select an exchange.
  4. Configure the settings in the Exchange Properties section.

    Configure the following settings:

    • Clearing Account — Overrides the TT routing account value in the ex_client_s exchange API field on order actions sent to the exchange. Enter the up to 16 character, exchange-defined account name or number in this optional field. By default, the user's TT account is sent in ex_client_s.
    • Account Type — Sets the trading capacity of the account used for submitting orders to the exchange. Designate trades in the account as being from either "Client (Agency)" or "House (Principal)". Sent to the exchange as exchange_info_s (byte 1 of 32). Required for order routing.
    • Algo Strategy Type — Defines the type of strategy used for automated order entry. Sent to the exchange as exchange_info_s (byte 31 of 32).Select one of the following: Market Making, Arbitrage, Directional, or Other.
    • Giveup — Sets the Give Up participant code on the account. Codes are provided by the Securities Identification Code Committee at JPX. Enter a value of up to 8 characters. If entered, this value is sent to the exchange as give_up_member in the exchange API.
    • Giveup Client ID — Sets the Client ID for the Give Up account. Enter a value of up to 15 characters. If entered, this value is sent as customer_info_s in the exchange API.
    • Direct Electronic Access — Sets whether or not the order is sent from direct/sponsored access, or from another source. Valid values:
      • None
      • Yes
      • No
    • Trading Capacity — Indication of dealing on own account (DEAL), matched principal (MTCH), or any other trading capacity (AOTC). Valid values:
      • Deal
      • Match
      • Any other capacity
    • Liquidity Provision — Indication of market making. Valid values:
      • None
      • Yes
      • No
    • Commodity Derivative Indicator — Indication of whether the order is for hedging purposes to reduce risk. Valid values:
      • None
      • Yes
      • No
    • Investment Decision ID — User or firm who made the trading decision. Enter a registered ID/Short Code.

      Enter a value of up to 15 characters.

    • Execution Decision ID — User or firm that submitted the order. Enter a registered ID/Short Code.

      Enter a value of up to 15 characters.

    • Client ID — Customer identification. Enter the customer's legal entity identifier (LEI/Short Code).

      Enter an 8-byte value as follows: Own Account (00000000), Pending Allocation (00000001), Aggregation of multiple Client Orders (00000003), or a user-defined ID.

  5. Click Save Changes.