Similar to TT Order Types, the TT Premium Order Types use
synthetic orders to manage the submission and execution of other orders in
the market. TT Premium Order Types provide more robust order execution
functionality than exchanges support natively. They offer order types not
supported by exchanges or provide more options than exchange-native order
A TT Premium Order Type order comprises two parts:
Note At this time, TT Premium Order Types are not available in the Prod-SIM
TT Premium Order Types offer the following features:
Prior to using any TT Premium Order Type, your administrator must enable access by updating the settings at the user level in the User Account Permissions settings or at the account level using the Account Restrictions settings in Setup.
The following table lists all order types available on the TT platform.
in TT User Setup determines the actual order types shown in order entry
The basic lifecycle for a TT Premium Order Type order is as follows:
When creating an order, a TT Premium Order Type is selected within an
order-entry widget and its parameter values are specified in the order
Note When creating a TT Splicer order, a synthetic TT Splicer instrument
is created from the
Autospreader widget by selecting the TT Splicer formula and populating the leg information.
You can access TT Premium Order Types in two ways: you can select a TT
Premium Order Type from the Order Type drop-down in the
MD Trader or
Order Ticket widgets.
Each TT Premium Order Type displays a fly-out with its associated parameters
when selected as the order type. You can enter the desired parameter values
as well as save them as
When using the Order Ticket, the parameters are displayed in an embedded
panel. Based on the TT Premium Order type.
To enter a TT Premium Order Type order: