Account settings

The section establishes a set of rules that define the mode of operation of the account and its interaction with other entities in the system.

A trading account is an account that belongs to a specific broker. The specific trading account tab allows you to view account information as well as customize it. The top of the page contains information about whether the account belongs to a specific provider and client.

Main info

Account Types

Real - An account which reflects a broker's account with a specific liquidity provider or bank. Real accounts, which reflects a liquidity provider's account with a specific liquidity provider, are only maintained by the system administrator and cannot be maintained by the broker himself. Real account, which reflects the broker's account at the bank, can be set up by the broker himself.

Personal - A client account or an internal account of the broker/broker trader itself.

Nominal - A technical account belonging to the broker. Used as a correspondent account for Real and Personal account transactions.

Non-accountable - Can be both a reflection of a broker's account with a provider and a client's account. The peculiarity of this account type is that no transactions are performed on it according to results of trades. Usually this account type is used for limit trade and/or margin credit.

Types of account management

Current - the equivalent of a current account. This type of account can be used to hold funds separately, it is available for deposit/withdrawal, but trading is not available on this account type.

Brokerage - a brokerage account on which the client trades. The main type of account management in the system.

Portfolio management - asset management account. The asset management account is similar in functionality to the brokerage account, but no daily brokerage reports are generated for it.

Account relation

Selected automatically by the system based on other account parameters.

Internal - Internal account of the broker. Internal is selected if the Client ID and Provider ID of the account are selected from the broker's own profile.

Provider - is selected if a broker's own profile is set in the Client ID of the account, a profile with Provider or Client & Provider type is set in the Contract Type field and Real or Non-accountable account type is set in the Provider ID of the account. Usually the Provider ID of an account is assigned to accounts that the system opens for the Broker (i.e. accounts that are directly linked to the broker's accounts with Liquidity Providers or other external systems), as well as accounts that the broker opens for its white labels. The same account will appear differently in the broker's instance and its white label. In the broker instance, this account will be displayed as Client, because for the broker it is his client account, but in the instance of his white label the same account will be displayed as Provider, because for the white label this account is his account with his superior broker.

Client - is selected if the Client ID of the account has the Client or Client & Provider profile is set in the Contract Type field and the account profile of the broker is set in the Provider ID of the account and the Client or Non-accountable account type is set in the Provider ID of the account.

Managed - is selected when both Client (C) and Provider (P) are independent clients of the platform. Accounts with Managed membership are created only by system administrator, the account is managed by the broker that is specified in the Provider ID (P) field of the account.

Account status

You can search for accounts using the status filter:

• Init - initiated account that has not been activated. The status is assigned to accounts of unverified profiles with KYC enabled.
• Active - when an account is activated, it has an active status.
• Suspended - temporarily suspended accounts.
• Closed - accounts that have been closed.
• Close only - close only mode only allows to close positions.

On initial login to the system, the Broker sees the following pre-set platform accounts:

REAL BROKERAGE PROVIDER accounts equal to the number of the platform Liquidity Providers connected to the Broker.

NOMINAL CURRENT INTERNAL account - one account that is required for mutual settlement transactions with clients.

The specific account tab allows you to view account information and configure account settings. At the top of the page you will find information about the relation of the account to a specific provider and customer.

Settings

Click Edit to edit account settings.

• Aggregator settings - select the aggregator settings that were configured on the trading settings page
• Netting settings - select the netting settings that were configured on the trading settings page
• Margin profile - select the margin profile that was configured on the trading settings page
• Tariff - select the tariff that was configured on the trading settings page
• Tax profile - select the tax profile that was configured on the trading settings page
• Trade mode- select the trading mode of the account: User, Netting or Hedging

If Trade Mode - Netting is selected for a client's account, all trades in a particular instrument form a single position, trades can Increase, Decrease and InOut. A position is reversed if the volume of the current open position is less than the volume of the trade concluded in the opposite direction from the direction of this position. If Trade Mode - Hedging is selected, each trade on the instrument forms a separate position. You cannot increase or reverse a particular open position, you can only decrease or close it. If Trade Mode - User is selected, trades will be executed in the identical way as in netting trade mode.

• Skip order margin check- this setting implies skipping the check of the sufficiency of margin at the stage of placing an order. Margin is checked if the setting is disabled. However, this does not mean that margin accounting will be disabled for positions opened as a result of order execution with the Skip order margin check setting enabled.

Account info

Click Edit to edit account information.

• Account name - name of the account
• Party role - this setting affects the rules for filling out fields in Principal STP sessions.

In all converters except Opics, the data from Party Role fills in the relevant fields without any logic: PartyRole<452> = acc.info.partyRole PartyID<448> = acc.info.externalId or acc.id if coresponding value does not exists PartyIDSource<447> = PROPRIETARY_CUSTOM_CODE (D) In Opics, you can enter values (params) in the session settings: PartyRole.EXECUTING_TRADER: Account<1> = params.fieldAccount OnBehalfOfSubID<116> = acc.info.externalId or AUTO if coresponding value does not exists PartyRole.EXECUTING_FIRM | PartyRole.CLIENT_ID: OnBehalfOfSubID<116> = params.fieldOnBehalfOfSubID Account<1> = acc.info.externalId or UNITYERR if coresponding value does not exists PartyRole.INVESTOR_ID: OnBehalfOfSubID<116> = params.fieldOnBehalfOfSubID SenderSubID<50> = acc.id Account<1> = acc.info.externalId UNITYERR if coresponding value does not exists ClearingAccount<440> = trade.id or order.id if the trade does not exists If partyRole.EXECUTING_FIRM or partyRole.CLIENT_ID: Side<54> will be inverted If partyRole.UNKNOWN_ROLE, ExecutionReport will not be sent to the session

• External ID- external account identifier.

• External IDs- ability to add multiple external IDs for an account. If necessary, sub-accounts for each client are opened with two liquidity providers, and the connectors must receive information about the corresponding sub-account, which is stored in the External ID of the client account on the platform.

• Open date - account opening date

• Account description - fill out the account description if necessary

• Invert side in reports - this function is used only in Fix Principal sessions, not affecting Client STP and Order STP. It allows you to invert sides of trades in account reports. This means that instead of the usual display of trades as "buy" or "sell" you can choose to display them in the opposite way. For example, if a transaction is normally displayed as a "buy", you can invert it to be displayed as a "sell" and vice versa. This feature can be particularly useful in some reporting scenarios where you need to analyse data from a different perspective or compare it to a different context. Inverting the sides of transactions can provide insight and perspective that may not be obvious when viewing the data in its original form.

• Make empty report - this function allows you to generate a daily account report regardless of the presence of activity on the account.

• Disable daily report - this function disables receiving the daily report for the account.

Adjustment

Click Edit to make adjustments on the account.

• Margin Credit allows setting the available margin credit on the account (essentially, funds loaned to the client by the broker).

• Enable proxy external id - when it is enabled on an external real account with a liquidity provider, this means that the system passes the external ID to the personal account that initiated this order. If this adjustment is disabled, it does not send the external ID to the account that initiated the order.

When transmitting order information, the specified External ID overrides the account ID set in the connection configuration with the provider.

The priority of the External ID is as follows:

1. External ID specified on the client account
2. External ID specified on the provider's account
3. Remote account ID in the aggregation connection settings
4. ID set in the connection configuration with the provider

Any ID with higher priority replaces IDs with lower priority.

• When the STP create order setting is enabled, the system creates orders (not just trades) on the external (provider) account. This setting should only be used when working with configured Touch rules.

• When the STP override commission setting is enabled, the system uses the commissions provided by the liquidity provider for trades. In this case, internal commission settings are ignored.

• The STP must be sent to FIX setting determines whether the trade will be sent via the FIX protocol.

• Limits - select the limit rule (net, gross), amount and asset, or remove the limit if necessary.

Limits setting defines the account limits (Net, Gross, or Net Sum), its amount and asset. If necessary, you can remove the limit:

• Net – A limit on the volume or amount of funds available, excluding commissions, spreads, taxes, and other fees. For example, if a client has a Net Limit of 100,000 USD, they can open positions worth 100,000 USD in the base asset value, regardless of commissions and other expenses.
• Gross – A limit that includes all commissions, fees, and possible taxes.
• Net Amount – The actual transaction value, excluding all additional costs. It is used for P/L (Profit/Loss) calculation and margin control. While commissions are not included, margin requirements may be.

Account links

Account links display the members linked to the account, their status, and the time they were last seen Online.

An account can be linked to one or more users. To add a link, click on the Add link to account button, select Member, set the Display name and select the desired Access set(full access, trader, viewer).

Click Save as XLS to save your account links as an XLS file.