Trader Permissions
These parameters are keyed on User, Exchange, Security
- Trading State
- 1 for yes, 0 for no
- Max Order Size
- Largest size order accepted
- Max Order Price
- Largest limit order price accepted
- Max Orders Per Second
- Maximum number of orders the system will accept in one second
- Max Better Bid
- Maximum amount a buy order can better the current bid
- Max Better Ask
- Maximum amount a sell order can better the current ask
Account Permissions:
These parameters are keyed on BTS internal accounts like SP, ND, ED. BTS Internal accounts are an analog to CME Combined Commodities
- Multiplier
- Cash Value Multiplier used to normalize contract amounts over different securities. Default value is 50, so 15 100 dollar contracts count as 30 towards working order and total contract limits.
- Total Long future Contracts Cap
- Maximum LONG futures allowed in account position
- Total Long Option Contracts Cap
- Maximum LONG options allowed in account position
- Total Short Future Contracts Cap
- Maximum SHORT futures allowed in account position
- Total Short Option Contracts Cap
- Maximum SHORT options allowed in account position
- Total Option Premium Cap
- Maximum allowed total long or short option premium, in dollars.
Span Permissions:
These parameters applicable to the BTS live SPAN margining system.
- Leverage Factor
- This parameter is used to increase or decrease leverage on the initial balance of the account.
- Balance Adjustment
- This parameter is used to increase or decrease the dollar amount of available margin for an account.
Electronic Eye Permissions:
- Contracts Limit
- The number of contracts that are allowed to be sent within the contracts limit time period
- Contracts Limit Time
- A time period defined in seconds
- Max Order Size
- Maximum number of contracts sent on any single order
Quoter Limits:
- Max Quoted Contracts
- The maximum number of contracts that be quoted at any given time
- Max Quote Size
- The maximum size for any individual quote
Hedger Limits:
- Contracts Limit
- The number of contracts that are allowed to be sent within the contracts limit time period
- Contracts Limit Time
- A time period defined in seconds
- Max Order Size
- Maximum number of contracts sent on any single order
Engine Settings
Electronic Eye:
- Underlier Gap
- The Engine will turn off if the underlying future changes by more than the this value
- Theo gap
- The Engine will turn off if the Theo changes by more than the this value
- Fills per time period limits
- These will turn the engine off if too many fills happen in a specified time period
Quoter:
- Gate Quotes by BBO
- If set this setting will cause the quoter to join the market rather than improve upon it. In other words, the quoter will never lead the market. Optionally the quoter can require a minimum size (min gate size). If this minimum size is not met the quoter will not produce quotes for the specific security.
- Turn off if Quotes Improve by
- If this safety is set the quoter will shutdown if it detects a parameter change that improves on quote values by the specified amount. The aim of this safety is to prevent erroneous parameter changes (i.e. "fat finger" changes) from resulting in bad quotes.
- Turn off if Underlier moves by
- If this safety is set the quoter will monitor underlier price gaps and shutdown if they occur.
- Turn off is Bid is within $ of Ask
- If this safety is set the quoter will monitor the quote bid/ask spread and shutdown if it's smaller than the specified value.
- Turn off if Underlier size drops below
- If this safety is set the quoter will monitor the size available for the underlier and shutdown if it drops below the specified value.
- Fill protections
- If any of these are set the quoter will shutdown if the specified fill condition occurs.