Trading Technologies Broker Profile

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Click here to see the video tutorial on how to connect Trading Technologies Broker Profile.

FIX API is used for connection between MultiCharts and Trading Technologies.

Trading Technologies doesn’t provide information on the list of accounts, equity and balance.

Entry Price is returned by the broker as Average Entry Price for day.

Market orders are converted into Limit ones on broker end.

Stop orders are converted into Stop-Limit ones. If at the moment an order is sent its stop level is met, then it will be rejected by the broker. All executed stop orders in the end are transformed into limit ones.

Stop-Limit orders with stop and limit levels not overlapping each other will be rejected by the broker. If at the moment an order is sent its stop level is met, then it will be rejected by the broker.

Open position Profit/Loss is calculated in MultiCharts as it is not provided by TT FIX API.

Unrealized Profit/Loss for the account is calculated in MultiCharts as it is not provided by TT FIX API.

There are also following broker limitations:

  • There is price ceiling for stop orders. Any orders beyond this limit are rejected by broker.
  • On some exchanges (for example: SGX), a stop order and stop prices of a stop-limit order cannot be modified. This may influence auto trading.
  • There are exchanges, which don’t support stop orders.

Trading Technologies does not support Native One-Cancels-Others group. In this case MultiCharts emulates OCO group on its end. Simulated OCO-group means that all OCO orders are sent to the broker, price is monitored by MultiCharts and once one of the orders is filled, other orders from this OCO group are cancelled by MultiCharts. When one of the OCO orders is filled, MultiCharts sends a command to cancel the second OCO order to broker. Note that the second order may also be filled if price reaches its level before the cancellation is processed by the broker (see OCO-Orders Risk).

Setting up Trading Technologies Broker Profile

In the Properties Trading Technologies window (see Managing Broker Profiles) enter the information provided by Trading Technologies

Connection settings tab
  1. Order Connection Settings section.
    Server IP, Password, Port number, SenderCompID and TargetCompID.
  2. Price Connection Settings section.
    Server IP, Password, Port number, SenderCompID and TargetCompID.
  3. Reconnection Settings section.
    Configure timer to reconnect if connection to TT is lost.
Trading Accounts tab
  1. Trading section.
    Account number
    Clearing Account number
    FFT2 tag
    Agent Account tag.
  2. Unrealized Profit Calculation section
    Select one of two modes to calculate unrealized profit: using Best Bid & Best Ask or Last Trade.
  3. If the account requires enabling multiple gateways feature, check the Use Multiple Exchange Gateway (Tag 18203) box.