User Help System

 

 

Single-side Trade Entry

Enter a single-side trade. See Dual-Side Trade Entry for dual-side trades, and Multi-Leg Transactions for multi-leg transactions.

See Swap Transactions for more information on this type of trade.

Use one of the following methods to enter trade information:

 

Enter Trade Information

Manually enter trade information and set preferences on the Trade Entry screen.

  1. To enter a trade:
  1. From the main ClearPort menu, click the Trade Entry tab.
  2. On the Trade Entry tab enter Submitting Firm, Trade Type, Product and Allocation information:

Note: If User Preferences are used, skip to Step 7.

  • In the Trade Entry section, select an option from the Trade Type list.
  • In the Product Information section do one of the following:
  • In the Search for Product text box enter a symbol or text.

OR

  • From the drop-down lists, select from Product Groups and Products drop-down list.

Additional Product data and Contract Termsfields appear below the product details.

Note: To view all product information, click next to the product name.

  1. In the Trade Information section, complete the following fields (varies depending on the selected product):
  • Report to CME Group SDR (Swap Transactions)
  • Previously Reported to other SDR (Swap Transaction and Primary Economic Terms only selected for Report to CME Group SDR)

 

  1. In the Contract Terms section, complete the following fields, as applicable:
    • Term (required) Enter or select a date
    • Strip/Pack/Bundle Indicates whether the trade uses a Strip, Pack, or Bundle strategy. If a selection is made here, the applicable fields in the Terms section will be enabled/disabled based on the selection made.
    • End Term Use only if the trade is a Strip, Pack, or Bundle.
    • Strike Price Enter if the trade is an Option. more information
    • Put/Call Enter if the trade is an Option.
    • Quantity (required)

Note:: Quantity accounts for the total quantity of strips, packs and bundles. For example, 10,000 units / month for a three month strip will total 30,000 units.

    • Side (required)
    • Price (required, except for TAS BLOCK, Pack or Bundle)
    • Diff Price (required only for a TAS BLOCK, Pack, or Bundle)

Note: Click an area of the screen outside of the Price or Diff Price field to validate price.

Note: A message will appear if there is no settlement price to use for validation or if the price or price diff does not pass validation. The Price Validation check box must be selected to confirm the price.

  1. In the Allocation section, perform the following:

  • For REMIT trades, specify whether the trade was Voice Brokered and the Aggressor.

  • Non-Swap transactions:
  1. Select a Designated party from the list.
  2. Specify the Order Number.
  • Swap Transaction:

  1. If appropriate, select Reporting Counterparty.
  1. Select a Block Trade Allocation Indicator from the list.
  2. Select a Designated party from the list, if necessary.
  3. Specify the Order Number.
  1. In the Buyer / Account Information section, specify Company Name.
  • Hover over frequent accounts and a list of the most frequently used accounts appears. Click an account to select that account.

OR

  • Click in the Company Name field and select a Company Name, then specify the Trading Account and Name.

OR

  • Click the search firm symbol (), then type a portion of the firm name. A list of available firm names that include those letter(s) displays. Select a Company Name, then specify the Trading Account and Name.

Note: Suggested Counterparty is visible only when a Broker is selected for Firm Name.

  1. In the Seller Information section, select Single-Side ().
  2. In the Opposite information section, under Allege To specify Opposite information.

Opposite Broker or Asset Manager Firm

Fields are limited to Broker/Asset Manager entities.

Opposite Trading Firm (Counterparty):

  • Opposite Trading Firm can be active or passive “on behalf of” trading firms
  • Opposite Clearing Firm is optional / required / auto-set based on:
  • Single clearer: Opposite Clearing Firm is set to the single clearer
  • Multiple clearers:

Passive Trading Firm: Required

Active Trading Firm: Optional

Note: When the Opposite Trading Firm is an active trading firm and the Opposite Clearing Firm is not specified, then if there is a specified Opposite Trader Individual, the trade will go to the active trader, otherwise it will go to active trader admins.

When Opposite Clearing Firm is specified, the Clearer must clear at least one account for the Active Trading Firm for the Clearing Firm Clerk at the Clearer to be able to see the alleged side.

Opposite Clearing Firm:

  • Opposite Clearing Firm can be any registered clearing firm; Clearing Firm IDs are available to facilitate selection.
  • All Clearing Firm Clerks at the specified clearing firm can view the alleged side and match/claim on behalf of any Account Owner of any accounts they clear.

Additional information for selecting counterparty:

  1. Enter a letter included in the firm name in the Firm Name box and select a firm name from the list..
  2. Enter a letter included in the user name in the User Name box and select a user name from the list.
  3. (Optional) If Suggested Opposite (counterparty) appears, enter a letter included in the Suggested Counterparty box and select a name from the list. Suggested Counterparty also displays on the Trade Blotter.

Note: The Trading Account (alias) is a unique account identifier assigned at the firm level for each firm, platform, or asset manager.

Note: Permitted Trading Accounts are based on Clearing Member assignment. To access and trade with additional accounts, contact the account owner or their Clearing Member.

  1. To add additional accounts, click in the Account Information section, and add account and quantity information in the new row.
  1. Enter Original Trade Date / Block Date.
  2. Enter Execution Time.

 

  1. Click Submit. The Trade Entry - Confirm & Submit page displays with the trade details.

  1. Verify that the information is correct and that there are no messages indicating changes are needed.
  • If correct, click the Submit button. The trade information is transfered to the Trade Entry screen, the trade is added to the Recently Entered Deals list, and a message displays indicating successful trade submission in the Trade Entry section of the screen.
  • If not correct, click the Update button. The Single Side Trade Entry screen appears for editing.

Note: Trades can only be updated if they are awaiting confirmation and submission from the Broker, Asset Manager, or Single Side submitter. Once they are matched, claimed and submitted for clearing, they cannot be changed. If both submitting parties agree, the GCC can void a trade on the day it was matched.

Copy from a Recently Entered Deal

  1. To copy a trade from a recently entered deal:
  2. Click a Trade ID in the Recently Entered Deals list.

 

The trade displays in a new window.

  1. Click Copy.

Trade information copies to the Trade Entry page and the window with new trade information closes. 

  1. Modify trade information as necessary.
  2. If Price Validation message appears, click Price Validation box.
  3. Enter Execution Time.

 





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