This page is used to configure how traders will be billed for their activity on CQG trading platforms.
ASP Charge Type
The Billing Option setting is used in the calculation of fees (see Calculating Billing Option below). Values:
•Transactional = These traders pay the base fee plus the transaction rate per filled lot that is specific to the authorized private label and connection mode combination, plus enablement and market data fees.
The system uses the trader’s Simple CQG Trader enablement settings in its determination.
•Fixed rate = These traders pay a fixed charge for filled lots on CQG-branded CQGT and CQGM. They pay additional base and transactional fees for any other combination authorized, plus enablement fees and market data fees.
•CQG IC = Used for traders active on CQG Integrated Client during the particular billing month.
These traders pay nothing for CQG branded products, like CQGM and CQGT. They pay additional base and transactional fees for any other combination authorized, plus enablement fees and market data fees.
This value cannot be selected using CAST.
Current Billing Status
This section identifies the last log on dates for this trader, including system number, which you can choose to ignore. This section also identifies whether the trader is billable or not (no = CQG IC only).
Applicable Configurations
This section details the billing configurations for the trader, including:
•FCM
•Connection Mode = CQG trading platform the trader uses to trade
•Private Label = white label of the product the trader uses to trade
•Billing Option = see Calculating Billing Option below
•Base Billing Price
•Contract Rate
•Message Rate
•Cap Billing Price
A trader may have more than one billing configuration depending on the connection modes and private labels selected on the Products and Services page.
Custom Billing Fields
Custom fields allows you to allocate charges to department codes, brokers, account numbers, etc.
Calculating Billing Option
The Billing Option value in the Applicable Configurations table is determined by a combination of the Billing Option type selected ASP Charge Type and usage.
These rules, in this order of priority, are used in the billing calculation:
|
If ASP Charge Type Billing Option = |
and usage = |
then Applicable Configuration Billing Option = |
|
Fixed Rate |
Simple CQGT enablement was turned off less than 24 hours continuously during the billing month for this trader. |
Fixed rate |
|
Transactional |
Simple CQGT enablement was turned off less than 24 hours continuously during the billing month for this trader. |
Simple CQGT |
|
Fixed Rate |
Simple CQGT enablement was turned off more than 24 hours continuously during the billing month for this trader. |
Fixed rate |
|
Transactional |
Simple CQGT enablement was turned off more than 24 hours continuously during the billing month for this trader. |
Full CQGT |
|
Fixed Rate |
Trader logged on to the CQG gateway (logged on to trade) from CQG IC during the billing month or at any time in the past, and that IC system is still active and enabled for trading. |
CQG IC |
|
Transactional |
Trader logged on to the CQG gateway (logged on to trade) from CQG IC during the billing month or at any time in the past, and that IC system is still active and enabled for trading. |
CQG IC |
Permissions associated with this page
CAST Users > CAST Permissions > Account Management > Trader > View Trader’s Billing Configuration
CAST Users > CAST Permissions > Account Management > Trader > Modify Trader’s Billing Configuration
CAST Users > CAST Permissions > Account Management > Trader > View Trader’s Billing Custom Fields
CAST Users > CAST Permissions > Account Management > Trader > Modify Trader’s Billing Custom Fields