EEX

EEX

Adding an EEX account

To add a EEX 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, enter the exchange-provided account name. This value is sent to the exchange as Tag 25009 in the exchange API. Account names are optional at the exchange, but a routing account is required for submitting orders on the TT platform.

    Users can route orders through both derivatives and spot emissions connections using the same account, so they do not need to change accounts when switching from one product type to another (e.g., from derivatives to spot). Orders for derivatives products are routed through ETI sessions, while orders for spot products are routed through the ComXerv interface.

  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. 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.

    • 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.
    • 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.

  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:
    • 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 EEX 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.

    EEX exchange properties for an account:

    • Account Type — Spot Emissions — Select either Customer Account or Own Account. An account type is required to submit orders for Spot Emissions products.
    • Account Type — Derivatives — Select one of the following:
      • A1-A9 — Agent accounts used for clients only.
      • G1 — A pre-designated Give Up account used without the member ID of the receiving Clearing Member.
      • G2 — A designated Give Up account used with the member ID of the receiving Clearing Member.
      • P1-P2 — Proprietary account types used as an own account.
      • M1-M2 — Market maker account types for quoting.

      An account type is required to submit orders for EEX derivatives.

    • TakeUp Member — A designated Give Up account number used with the member ID of the receiving Clearing Member (Account Type G2). The account can be up to 5 characters in length.
    • Clearing Account — Overrides the TT account value in Tag 25009 on order actions sent to the exchange. The optional clearing account override name is user-defined. By default, the user's TT routing account is sent in Tag 25009. Note: A user-level clearing account override setting takes precedence over the account-level setting.

    • Trading Capacity — Indication of whether the trader is trading for their own proprietary account (Deal), acting as a market maker (Match), or acting in the capacity of agent (Any other capacity). Populated based on Account Type. Valid values: Deal, Match, Any other capacity. Sent to the exchange as Tag 1815. This setting is required.
    • Liquidity Provision — Indication of market making. Valid values: True or False. Sent to the exchange as Tag 23002. This setting is required.
    • Commodity Derivative Indicator — Indication of whether the order is for hedging purposes to reduce risk. Valid values: True or False. Sent to the exchange as Tag 23003.
    • Investment Decision ID — Indication of who made the trading decision. Contains the short code sent to the exchange as Tag 20122.
    • Execution Decision ID — Indication of who or what algo submitted the order. Contains the short code sent to the exchange as Tag 25123.
    • Client ID — Identification of the customer (LEI/Short Code). Sent to the exchange as Tag 20003. This setting is required when Account Type is "A" (Agent)/Trading Capacity is "Any other capacity".

      You can also enter the following values in this field:

      • AGGR: Indicates that the order is aggregated for multiple customers.
      • PNAL: Indicates that the order is aggregated but pending allocations.
    • Client Can Override — Sets whether the user can override the value for the selected field when submitting an order. Check the check box to allow a user to override the value. When unchecked, the field is locked and the user cannot change the value. This setting is unchecked by default.

      Note: Because required fields vary by exchange, this setting may be grayed out based on exchange settings configured in the Order Tag Defaults profile.

  5. Click Save Changes.