Trading Technologies Broker Profile: Difference between revisions
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'''<div style="background-color: #E3FBE5;">Click [http://www.multicharts.com/downloads/tutorials/tt_broker.mp4 here] to see the video tutorial on how to connect Trading Technologies Broker Profile.</div>''' | '''<div style="background-color: #E3FBE5;">Click [http://www.multicharts.com/downloads/tutorials/tt_broker.mp4 here] to see the video tutorial on how to connect Trading Technologies 2020 Broker Profile.</div>''' | ||
'''TT .NET SDK API''' is used for connection between MultiCharts and Trading Technologies. | |||
Trading Technologies doesn’t provide information on the list of accounts, equity and balance. | Trading Technologies doesn’t provide information on the list of accounts, equity and balance. | ||
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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. | 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 | Open position Profit/Loss is calculated in MultiCharts as it is not provided by TT .NET SDK API. | ||
Unrealized Profit/Loss for the account is calculated in MultiCharts as it is not provided by TT | Unrealized Profit/Loss for the account is calculated in MultiCharts as it is not provided by TT .NET SDK API. | ||
There are also following broker limitations: | There are also following broker limitations: |
Revision as of 17:21, 28 July 2020
TT .NET SDK 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 .NET SDK API.
Unrealized Profit/Loss for the account is calculated in MultiCharts as it is not provided by TT .NET SDK 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
- Order Connection Settings section.
Server IP, Password, Port number, SenderCompID and TargetCompID. - Price Connection Settings section.
Server IP, Password, Port number, SenderCompID and TargetCompID. - Reconnection Settings section.
Configure timer to reconnect if connection to TT is lost.
Additional Settings tab
Trading Accounts section
Enter your
- Account,
- Clearing Account,
- FFT2 (tag 16102),
- Agent Account.
Unrealized Profit Calculation Mode section
Select one of two modes to calculate unrealized profit: By Best Bid & Best Ask or By Last Trade. If the account requires enabling multiple gateways feature, check the Use Multiple Exchange Gateway (Tag 18203) box.
Order routing section
Input the Broker ID and Company ID to route your orders to.
MiFID II Settings tab
Due to fact that Trading Technologies expanded their Fix API protocol for MiFID regulations, corresponding settings were introduced in MultiCharts 12. The following parameters can be speicifed:
- Direct Electronic Access
- Trading Capacity
- Liquidity Provision
- Commodity Derivative Indicator
- Investment Decision ID
- Execution Decision ID
- Client ID
- FFT4
Alerts Tab
Allows for configuring the email notification upon the broker profile connection loss.
- Check the Use Mail Alerts checkbox.
- Enter the email address of the sender.
- Enter the email address of the recipients. To send the email to multiple recipients, separate each email address with a semi-colon.
- Enter the SMTP Server Name or IP address, and the Port number into the textboxes. Please get this information from your email provider.
- Check the SMTP Server authentication data checkbox if your SMTP server requires authentication to send emails. Enter the User name and Password.
- Press the Test button to send a test email.