MD Trader exposes some additional buttons to support exchange-specific order functionality.
The following exchanges allow you to indicate whether an order opens or closes a position on a per instrument basis: CZCE, DCE, ICE, ICE_L, INE, EEX, Eurex, Euronext, SHFE, and TFEX.
To support this functionality in TT, MD Trader displays an Open/Close selector per instrument as shown.
TT provides access to the following China markets via a TT FIX Order Gateway:
Note: Access to these markets requires a FIX Order Gateway connection to a third party system. Please contact your Customer Success Manager at TT for more details.
The open/close position selector in MD Trader and the Order Ticket provide FIFO controls that affect positions for China markets. In addition to selecting open or close, you can select the following order flags when trading on CZCE, DCE, and INE:
For China markets, you can also indicate the trading strategy for the order by using the trading strategy selector in MD Trader or Order Ticket. Click the selector to show the drop down menu and select one of the following:
For exchanges that need to comply with the MiFID II regulations, the Show order entry compliance fields setting in the Orders section of Preferences can be enabled to add compliance fields to MD Trader.
The items added include:
If specified, these values override the default order profile settings defined in Setup.
TT supports order entry at cabinet prices for outright options contracts on CME. A cabinet trade allows a user to mitigate risk by executing deep out-of-the-money options at the lowest price possible.
To submit an order at a cabinet price on TT, enter "0.00" as the price of the order in MD Trader or the Order Ticket. When "0.00" is entered as the price, TT submits the order to the exchange as a "cabinet" order.
Note: CME Globex only supports one cabinet price per instrument. Contact the exchange for the exact cabinet price and increment for the outright options instrument you are trading.