TT User Setup

7.17.10.40

Released: Oct 16, 2013 File Size: 0
Package Contents:
No notes available.

Important Notes

This release includes several important features that change the way TT User Setup administrators configure users and accounts. Before upgrading, please be aware of the changes listed in the Installation Notes section of these release notes.

Why Should I Upgrade?

Account Sharing - The ability to share account numbers is now available to all users who are using 7.17 versions of TT software. This allows, for example, two TTORD users to place orders with the same account number.

Account Permissions -A new screen allows administrators to easily choose the accounts that users are able to trade with. Optionally, administrators can also choose the accounts that can be used for placing orders with ADL®. This allows, for example, an administrator to place stricter risk limits on orders placed via ADL®.

Multiple Connections per Gateway - Administrators can assign users multiple connections to the same gateway. This allows traders to use different memberships to route orders to the same TT Gateway. It also allows an administrator to view multiple order books from the same screen.

Risk Limits per Contract - TT User Setup 7.17 allows administrators to override product-specific risk limits on a per-contract basis as part of account-based risk checking. Administrators can set the maximum order size, maximum position, and price reasonability settings per contract, as well as enable or disable trading for a specific contract (e.g., an administrator might choose to prevent trading or lower the position limits on less liquid contracts).

Product Limit Configuration Enhancements - Account-based risk windows provide a more intuitive design for configuring product limits per account. Risk administrators can configure outrights and their related spread/strategy limits from a single window.

Wholesale Overrides - Administrators can configure different limits for wholesale (block/cross) orders than for non-wholesale orders. Wholesale orders include all orders submitted from the X_TRADER® Wholesale window.

Placing Orders on Behalf of Another Trader - Administrators can now explicitly permission users to place orders on behalf of other users. In previous versions, this was achieved by placing an order using the account number assigned to a specific trader (TTORD).

Preventing Market Orders - TT User Setup administrators can prevent individual users from placing market orders.

Avoiding orders that cross with orders from the same account or account group - Administrators can configure accounts/account groups to avoid orders that cross with their own account, or with other accounts in their account group.

TT User Setup API
This release includes an updated version of the TT User Setup API, which is currently available to beta testers. Customers currently beta testing the TT User Setup 7.5 API who would like to upgrade to this version, or any new customers who are interested in beta testing, should contact their local TAM to obtain installation instructions and a 7.17 Beta agreement. For more information about the API's capabilities, refer to the TT User Setup API Developers Center.

System Requirements

Account Sharing - The ability to share account numbers is now available to all users who are using 7.17 versions of TT software. This allows, for example, two TTORD users to place orders with the same account number.

Account Permissions -A new screen allows administrators to easily choose the accounts that users are able to trade with. Optionally, administrators can also choose the accounts that can be used for placing orders with ADL®. This allows, for example, an administrator to place stricter risk limits on orders placed via ADL®.

Multiple Connections per Gateway - Administrators can assign users multiple connections to the same gateway. This allows traders to use different memberships to route orders to the same TT Gateway. It also allows an administrator to view multiple order books from the same screen.

Risk Limits per Contract - TT User Setup 7.17 allows administrators to override product-specific risk limits on a per-contract basis as part of account-based risk checking. Administrators can set the maximum order size, maximum position, and price reasonability settings per contract, as well as enable or disable trading for a specific contract (e.g., an administrator might choose to prevent trading or lower the position limits on less liquid contracts).

Product Limit Configuration Enhancements - Account-based risk windows provide a more intuitive design for configuring product limits per account. Risk administrators can configure outrights and their related spread/strategy limits from a single window.

Wholesale Overrides - Administrators can configure different limits for wholesale (block/cross) orders than for non-wholesale orders. Wholesale orders include all orders submitted from the X_TRADER® Wholesale window.

Placing Orders on Behalf of Another Trader - Administrators can now explicitly permission users to place orders on behalf of other users. In previous versions, this was achieved by placing an order using the account number assigned to a specific trader (TTORD).

Preventing Market Orders - TT User Setup administrators can prevent individual users from placing market orders.

Avoiding orders that cross with orders from the same account or account group - Administrators can configure accounts/account groups to avoid orders that cross with their own account, or with other accounts in their account group.

TT User Setup API
This release includes an updated version of the TT User Setup API, which is currently available to beta testers. Customers currently beta testing the TT User Setup 7.5 API who would like to upgrade to this version, or any new customers who are interested in beta testing, should contact their local TAM to obtain installation instructions and a 7.17 Beta agreement. For more information about the API's capabilities, refer to the TT User Setup API Developers Center.

Installation Notes

The TT User Setup 7.17.10 server is ONLY compatible with TT User Setup 7.17.0.520 and 7.17.10 clients. The TT User Setup 7.17.10 client is not compatible with pre-7.17.10 TT User Setup servers. To use the latest features, you should use the latest version of the client and server. For detailed installation instructions, please refer to the TT User Setup System Administration Online Help.

Before Upgrading
  • Because TT User Setup 7.17.10 automatically publishes to Guardian, TT recommends that you resolve any conflicts between TT User Setup and Guardian before upgrading. For detailed instructions refer to Publishing to Guardian in the TT User Setup Online Help.
    Note: You can also resolve conflicts after the upgrade, if needed. In TT User Setup 7.17 this Publish to Guardian option is available only from the File menu.
  • If you have product limits configured per account, before upgrading ensure the Guardian product tables are current by running Guardian in an environment that contains all of your Gateways. This will ensure TT User Setup can properly migrate Account-based limits to the new format.
  • If you have product limits configured per account, you must restart your order servers after upgrading TT User Setup. Failing to do so could cause the product limits to be incorrectly enforced until the order servers are restarted.
    Note: If you have not configured account-based product limits, then you do not need to restart order servers after the upgrade.
  • For users that connect to multiple Algo SE servers, make sure that the Algo Deployment Allowed or Algo Sharing Allowed settings are configured the same for each server (e.g., if a user has Algo Deployment Allowed checked for one Algo SE server the user should have Algo Deployment Allowed checked for the other Algo SE server).
    Note: During the database upgrade, TT User Setup will also will also prompt you to resolve any remaining conflicts.

When upgrading from previous versions, TT User Setup automatically configures the following new features based on your existing settings:

Account Permissions
TT User Setup no longer requires an administrator to configure accounts for TTORD Gateway Logins. When using 7.17 clients (e.g., X_TRADER) to connect to 7.17 gateways, users can submit orders with any account number (e.g., two TTORD users can now place orders using the same account).

Account permissions can be configured per user from the new Account Permissions tab, and/or by using the existing Customer Defaults and user settings. Orders can now be restricted to the following accounts:
  • Accounts listed in the user's Account Permissions tab (if Can only create, modify, and delete orders with the following accounts is checked)
  • Accounts listed in the user's Customer Defaults (if Restrict user from editing their local Customer Defaults is checked)
  • Accounts that have been created in TT User Setup (if the Submitting orders with undefined accounts option is unchecked).
Note: When using pre-7.17 clients or gateways, the order will continue to be restricted to accounts listed in the Accounts section of the TTORD's Gateway Login.

When upgrading from previous versions, TT User Setup automatically configures the account permissions based on your existing settings:
  • To ensure that users with only TTORD Gateway Logins continue to be restricted to the same accounts as before the upgrade, accounts used by customer defaults and TTORD Gateway Logins are automatically added to the new Account Permissions window. For users with only TTORD logins, the Account Permission window's Can only create, modify, and delete orders with the following accounts checkbox is automatically checked.

    Note: After upgrading, users with the Can only create, modify, and delete orders with the following accounts checkbox are restricted to using only risk accounts in the permitted account list (orders using any other accounts will be rejected). Because ICE (LMA), LME, and TOCOM Gateway Logins use FFT fields as risk accounts, users that connect to the ICE, LME, or TOCOM Gateways will have the Can only create, modify, and delete orders with the following accounts checkbox unchecked by default. This allows administrators to add the FFT-based risk accounts to the permitted accounts list before enforcing account permissions.

  • For users with Direct Trader logins, the Account Permission window's Can only create, modify, and delete orders with the following accounts checkbox will be unchecked.
Note: Pre-7.17 clients still require unique accounts for TTORD Gateway Logins. Therefore, when adding new accounts for these clients, you must add the account to both the Gateway Logins and Account Permissions windows. FIX Adapter clients (all versions) require unique accounts for TTORD Gateway Logins and do not need to be configured for Account Permissions.

For more information about the new Account Permissions tab, refer to Setting Account Permissions in the TT User Setup Online Help.

On behalf of orders
Historically, a user who logged in with a direct trader Gateway Login was able to place an order for a TTORD user by placing it with that user's account number. When using 7.17 clients (e.g., X_TRADER) to connect to 7.17 gateways, users must now be explicitly configured to place orders on behalf of other users by checking the user's On behalf of orders setting. During the upgrade, existing users with Direct Trader logins will automatically have this setting checked. For more information about placing orders on behalf of others in X_TRADER®, refer to On Behalf Of Orders in the X_TRADER Online Help.

Customer Defaults now also include an On Behalf Of field that allows you to include a pre-selected OBO account for a customer. For information about creating Customer Defaults, refer to Creating and Managing X_TRADER® Customer Defaults in the TT User Setup Online Help.

Account-based Product Limits
In 7.17.10, account-based risk screens provide a more intuitive design for configuring product limits per account. Risk administrators can configure outrights and their related spread/strategy settings from a single window.

During an upgrade from 7.4 to 7.17.10, existing account-based product limits are generally converted as follows:
  • Existing Spread limits are combined with their corresponding Future limits.
  • Existing Strategy limits are combined with their corresponding Option limits.
  • Existing Stock and bond limits are not changed.
  • Limits for unsupported product types (Swap, Warrant, Forex, and NDF) are deleted.
  • Limits that apply to all products (e.g. where the product is a wildcard *) may become multiple records as needed to ensure that the same products are tradable after the upgrade.
  • Two new product types, Inter-product Spread and Inter-product Strategy, are automatically created for spreads and strategies that have legs in different products.
Note: For detailed information about how Account-based limits are converted, refer to the Account-based Risk Upgrade Guide.

Algo Deployment and Sharing Settings
The Algo Deployment Allowed and Algo Sharing Allowed fields are no longer configured for each Algo SE server per user. They are now configured once per user. When upgrading from previous versions, if the Algo Deployment Allowed or Algo Sharing Allowed settings were configured differently for a given user (e.g., a user had Algo Deployment Allowed checked for one Algo SE server and unchecked for another Algo SE server), then the TT User Setup Utility will prompt the administrator to resolve the conflict upon upgrading the TT User Setup server.

Staged Order Settings
The Staged order creation allowed and Direct Market Access (DMA) order creation allowed fields are now only configurable from the Trade Permissions tab of the User profile. The settings now apply to both X_TRADER® and FIX Adapter. When upgrading from TT User Setup 7.4 to 7.17, if either the X_TRADER® or FIX Adapter Staged order creation allowed setting is checked, then the Staged order creation setting on the Trade permissions tab will be checked. If either the X_TRADER® or FIX Adapter Direct Market Access (DMA) order creation allowed setting is checked, then the Direct Market Access (DMA) order creation setting on the Trade permissions tab will be checked.

Manual Fill and Start of Day Settings
The Manual Fill (MF) publishing allowed and Start of Day (SOD) publishing allowed fields are now a single field, Manual Fill (MF) and Start of Day (SOD) publishing allowed. When upgrading to TT User Setup 7.17, if either Manual Fill (MF) publishing allowed or Start of Day (SOD) publishing allowed is checked then the Manual Fill and SOD publishing allowed will also be checked.

Version Rule Settings
When configuring version rules, the Must be greater than and Must be less than options are no longer available. When upgrading to 7.17, if you have a version rule that uses the Must be greater than option, it will be converted to Must be greater than or equal to. If you have a version rule that uses the Must be less than option, it will be converted to Must be less than or equal to.

For more detailed information on important upgrade considerations, refer to 7.17.10 Upgrade Considerations in the TT User Setup Online Help.

Enhancements

  1. Account
    1. The new Apply limits to wholesale orders option on the Edit Account and Edit Account Group windows determines whether or not configured account-based product limits apply to wholesale orders. When unchecked, the account-based product limits do not apply to wholesale orders. (Ref 215090)

    2. Added the ability to configure different risk limits per-contract when configuring risk for an account or account group. Administrators can set the maximum orders size, maximum position, and price reasonability settings per contract, as well as enabling or disabling trading for a specific contract (e.g., an administrator might choose to prevent trading or to lower the position limits on less liquid contracts). These settings override the product-level settings. For more information, refer to the What's New topic in the TT User Setup Online Help. (Ref 217225)

    3. The Account-based risk screens now provide a more intuitive design for configuring product limits per account. Risk administrators now configure outrights and their related spread/strategy settings from a single window. (Ref 220647)

    4. When configuring account-based product limits, administrators can now configure different limits for wholesale (e.g., block or cross) orders than for non-wholesale orders. Wholesale orders include all orders submitted from the X_TRADER® 7.17 Wholesale window. (Ref 220693)

    5. Administrators can configure accounts/account groups to Avoid orders that cross with their own account, or with other accounts in their account group.
      • When set to No, there is no additional action taken when orders cross.
      • When set to Yes- Reject new, if an order is crossed, the new order will be rejected.
      • If set to Yes - Cancel resting, if an order is crossed, the working order will be canceled and replaced with the new order.
      For more information about this setting, refer to Avoid Orders that Cross in the TT User Setup Online Help. (Ref 221268)

    6. Administrators can now convert Gateway Login product limits to account-based product limits. For more information about how limits are imported, refer to the Copying MGT-based Product Limits to Account-Based Product Limits topic in the TT User Setup System Online Help. (Ref 221272)

  2. Common
    1. Enhanced the data grid and report filters. You can now filter for rows that start with, contain, do not contain, end with, equal, do not equal a value, or contain a date range (where applicable). Wildcards (e.g., + and ?) are still supported. (Ref 172512)

  3. FIX Adapter
    1. FIX Adapter servers no longer need to be configured with Gateway Logins. Additionally, administrators can now configure drop copy FIX Adapter Client users with auto-generated Gateway Logins. (Ref 215543)

  4. Gateway Logins
    1. All users now have the ability to share account numbers (e.g., two different TTORD users can place orders with the same account). For more information, refer to the What's New topic in the TT User Setup Online Help Library. (Ref 219874)

    2. Direct trader passwords no longer need to be primed on gateways, such as ICE or Eurex. (Ref 219993)

  5. Publish To Guardian
    1. TT User Setup no longer requires administrators to publish to Guardian. TTORD Gateway Logins are automatically published when the Gateway Login has an account or is mapped to one or more Direct Traders. All other TTORDs will be removed from Guardian and no longer be published. The Publish to Guardian option is still available from the File menu, but only for backwards compatibility. (Ref 215098)

  6. Users
    1. A user can now log off another X_TRADER® instance that is logged in with his username without administrator intervention. This is supported in X_TRADER® 7.17 and later. (Ref 170973)

    2. Administrators can now explicitly permission users to place orders on behalf of other users by checking the User's On behalf of orders setting, located on the User's Trade Permissions tab. In previous versions, this was achieved by placing an order using the account number assigned to a specific trader (TTORD). In addition, administrators can create a Customer Default that includes a pre-selected On behalf of account. (Ref 208673)

    3. Administrators can now configure a user's risk settings to ignore P&L or to ignore margin when calculating available credit and when risk checking orders. When Ignore P&L is checked, a user's P&L is ignored when placing an order. When Ignore Margin is checked, margin is not considered placing an order. (Ref 213689)

    4. The new Account Permissions tab on the User profile window allows administrators to restrict which accounts a user can use when routing orders, and which accounts a user can use when routing orders with ADL®. This allows the administrator to, for example, place stricter risk controls on ADL® accounts. (Ref 214013)

    5. Administrators can prevent users from claiming their own staged orders by unchecking the Can claim own staged orders on the Trade Permissions tab. (Ref 214407)

    6. The new Submitting wholesale orders with undefined accounts allowed option determines whether or not a user can submit wholesale orders using accounts that are not defined in TT User Setup. This feature can be used to ensure that all accounts risk checked when a wholesale order is submitted. (Ref 215088)

    7. When deleting users, users are no longer "queued for delete" for 30 days; users are deleted immediately. (Ref 216059)

    8. The New/Edit User window has been redesigned. Improvements include a new sidebar for navigating the user's settings, reorganized user settings, and a search feature to help find the user settings. The User View drop-down has also been removed; all fields are available when creating or editing users, regardless of user type. For more information, refer to the What's New topic in the TT User Setup Online Help. (Ref 218013)

    9. Administrators can now block market data, per user, on all exchanges to which TT User Setup connects. To block a user from market data, open the user's profile, select the Product Group Permissions tab, and uncheck the allowed checkbox for the applicable product groups. In MultiBroker this setting is Broker controlled and all market data is blocked by default for new Buy-side users. (Ref 220789)

    10. Administrators can now prevent a user from submitting market orders by unchecking the Market Orders checkbox, which is located on the Trade Permissions tab. (Ref 221203)

    11. Administrators can now prevent a user from using X_RISK by unchecking the X_RISK allowed checkbox, which is located on the Application Permissions tab. (Ref 221270)

    12. In the MultiBroker environment, the RFQ setting is now unchecked by default for new and existing buy-side users. (Ref 223549)

Fixes

  1. General
    1. Optimized TT User Setup to address timeouts when processing large amounts of data. (Ref 215064, 217663, 218668)

    2. Optimized the Users and their product limits report. (Ref 220723)

    3. Fixed an issue where TT User Setup could not start because the TT Messaging daemon was not running. (Ref 221584)

  2. Account
    1. Fixed an issue where removing an account from an account group caused an error. (Ref 215068)

  3. Gateway Logins
    1. Fixed an issue where TT User Setup required Gateway Logins with a Group ID of XXX to begin with TTORD. Now an admin Gateway Login like CME123 XXX MGR is allowed. (Ref 217164)

  4. Login
    1. Fixed an issue where new FIX Adapter Servers and FIX Adapter Client logins were being forced to reset passwords upon initial login. Now, passwords for FIX Adapter Server users and FIX Adapter Client users do not expire and do not need to be reset upon initial login. (Ref 218441, 208669, 218443, 218760)

  5. Product Limit
    1. Fixed an issue where copying duplicate product limits caused an error. Now, TT User Setup displays a message that allows the administrator to either overwrite the product limit or cancel copying the duplicate limit. (Ref 213239)

    2. Fixed an issue where occasionally TT User Setup would generate an "An item with the same key has already been added." error when editing MGT-based product limits. (Ref 215060)

  6. Users
    1. Fixed an issue where passwords that were greater than 100 characters were not accepted. The password field now accepts up to 250 characters. (Ref 222023)

Known Issues

  1. Reports
    1. Logging onto X_TRADER® increments the TT API entry in the TT Product Version/User Usage report by two. TT API should not be listed at all unless the client specifically logged into TT API. (Ref 220131)

  2. Users
    1. TT User Setup administrators with Live login allowed and TT SIM login allowed both unchecked cannot log into TT User Setup, and FIX Adapter Clients with Live login allowed and TT SIM login allowed both unchecked cannot log into FIX Adapter servers. Future versions will not require either of these checkboxes to log into TT User Setup or FIX Adapters, respectively. The workaround is to check one of these checkboxes for TT User Setup administrators and FIX Adapter Clients. (Ref 219842, 222720)

    2. The user's GTC/GTDate orders, Machine gun orders, Staged order creation, Staged order management, and Claiming one's own staged orders options must be enabled to be used in TT SIM mode. In future versions, these settings will always be enabled in TT SIM mode, even if the options are unchecked. The workaround is to check these options to use them in TT SIM mode. (Ref 223177)