Managing Trading/Executing Firms

Primary FX and Spot FX Firm administrators can perform the following tasks to manage their clients:

Downloading Credit Limits

The following administrators can download credit limits set for a FX Spot Firm or Trading Firm:

  • Primary FX Firm administrators can download credit limits for each individual FX Spot Firm (Prime Broker/Direct Trading Participant).
  • FX Spot Firm administrators can download credit limits for each individual linked Trading Firm.
  • To download credit limits:
  1. From the Entity Risk Management menu, select Spot FX.
  2. From the Spot FX page, select the Spot FX Firm to view / manage.
  1. Download the credit limits set for the selected firm.

As a Primary FX Firm Administrator, select Download in theSpot FX Firm Limits pane.

As a FX Spot Firm Administrator, select Download in the Trading Firm Limits pane.

The FXSpot.csv file containing the credit limits is downloaded to your local drive.

 

For example, the following CSV file shows credit limits set for a FX Spot Firm set by the Primary FX Firm.

Suspending Order Entry

Primary FX and Spot FX Firm administrators can suspend new order entry for FX Spot+ products:

  • Primary FX Firm administrators can suspend/allow trading for a Spot FX Firm. Trading Firms is still permitted, but order entry will be suspended.
  • FX Spot Firm administrators can suspend/allow order entry for linked Trading firms, associated Execution Firms, and accounts.
  • To suspend order entry:
  1. From the Entity Risk Management menu, select Spot FX.
  2. From the Spot FX page, select the Firm to view / manage.
  1. Suspend order entry for the FX Spot Firm or Trading Firm.

As a Primary Firm Administrator, select Suspend Order Entry for the Spot FX firm selected in the Manage Spot FX Firm Limits and Thresholds pane.

As a FX Spot Firm Administrator, select Suspend Order Entry for the Trading Firm(s) displayed in the Link Trading Firms pane as needed.

  1. Select OK to confirm.

Order entry is suspended for the firm. Select Allow Order Entry to restore trading as needed.

When trading is suspended, new Globex orders will be rejected.

To cancel working / resting orders, an authorized Spot FX user must contact the GCC.

Removing (Unlinking) a Trading Firm

Spot FX Firm administrators can unlink Trading Firms and their associated Execution Firms and accounts to remove the trading relationship with a firm.

  • To remove (unlink) a Trading Firm:
  1. From the Entity Risk Management menu, select Spot FX.
  2. From the Spot FX page, select the Firm to view / manage.
  1. In the Link Trading Firms pane, select the delete icon "" to remove a linked Trading Firm.

Trading firms with a delete icon are not linked to execution firms with accounts and can be removed.

 

In the Remove Trading Firm Link popup, select OK to confirm.

The Trading Firm is unlinked from the Spot FX Firm.

Monitoring FX Spot Credit Usage

Primary FX and Spot FX Firm administrators can monitor account and firm trading activity, including usage against maximum permissible limits. In Risk Monitor, the Spot FX Firm Usage pane on the Dashboard shows the amount of credit used per FX Spot Firm or Trading Firm. The following example shows the percentage of credit used by FX Spot Firms managed by a Primary FX Firm.

Selecting the Clearing ID/Firm name below the chart will link you back to Entity Risk Manager to view or adjust credit limits for the Spot FX Firm as shown.

In the Spot FX Firm Usage pane in Risk Monitor, selecting Spot FX Firm Notional Limits displays the firm credit usage in notional terms.