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Trading Technologies 2020 Broker Profile

2,899 bytes added, 18:34, 22 February 2012
Created page with "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. ..."
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.

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 Risks).

====Setting up Trading Technologies Broker Profile====

In the '''Properties Trading Technologies''' window (see [[Broker Profiles#Managing Broker Profiles|Managing Broker Profiles]]) enter the information provided by Trading Technologies

=====Connection settings tab=====

# Order Connection Settings section. <br/> '''Server IP''', '''Password''', '''Port number''', '''SenderCompID''' and '''TargetCompID'''.
# Price Connection Settings section.<br/> '''Server IP''', '''Password''', '''Port number''', '''SenderCompID''' and '''TargetCompID'''.
# Reconnection Settings section. <br/> Configure timer to reconnect if connection to Rithmic is lost.

=====Trading Accounts tab=====

# Trading section. <br/> '''Account number''' <br/> '''Clearing Account''' number <br/> '''FFT2''' tag <br/> '''Agent Account''' tag.
# Unrealized Profit Calculation section <br/> Select one of two modes to calculate unrealized profit: using Best Bid & Best Ask or Last Trade.
# If the account requires enabling multiple gateways feature, check the '''Use Multiple Exchange Gateway (Tag 18203)''' box.


[[Category:Broker Profiles]]