Give-Ins

Give-Ins

LISA Give-Ins

Give-Ins

Give-ins are trades that were sent to you by another member. You can either:

  • Accept the Give-in.
  • Reject it.

Accept a Give-In

Give-Ins can be accepted by either:

  • Allocating it to an account, or
  • Giving it up: This works in exactly the same way as for a trade.

Reject a Give-In

Provided the exchange API supports it, you can reject a give-in as long as you haven't accepted it (the trade status is still in “Give-In Pending”):

Follow these steps to reject a Give-In:

  1. Select the trade being in “Give-In Pending” and that you want to reject.
  2. Right click on the trade and click on [ Give-In/Up]>[ Reject Give In/Transfer].

  3. The Reject Give In window opens.

  4. You can choose to enter the reason of the rejection.
  5. Click on the [Ok] button.
  6. The Give-In is rejected and the trade status is updated to “Give-In Rejected”.

Give-In Cancelled

If a Give-in hasn't been accepted yet, the Give-up member can cancel it. In this case, the trade status will be updated from “Give-In Pending” to “Give-In Cancelled” and you won't be able to perform any operation on this trade.

Initiated Reversal

If a Give-up has been accepted by the counterparty but you want to reverse it on CME group or ICE trades, this is possible by selecting a trade and then clicking on the “Initiate Reversal” under the Give-up/in Menu. The counterparty will need to accept the reversal via the appropriate clearing interface. Some third-party vendors may not support this functionality, so this need to be done through the native clearing GUI.

Cancel Reversal

Should a reversal have been initiated but you no longer wish to continue with the reversal request, select a trade and then click on the “Cancel reversal” menu item under the Give-up/in Menu. This will cancel the request to be accepted by the counterparty. No action is required by the counterparty to cancel a Reversal request.

Accept Reversal

A request for a give-in to be reversed after you have accepted it can be made by any market clearer from CME group or ICE. The request to reverse an accepted give-in will change the clearing status to “reversal”. By selecting “Accept Reversal” from the Give-up/in menu on the selected trade. Accepting the reversal will cause the Order to be disabled on the LISA Frontend.

Reject Reversal

A request to cancel a give-in can be rejected when raised by for orders on CME group or ICE. By selecting “Reject Reversal” from the Give-up/in menu on the selected trade.