Trading UDS

A UDS QFormula is tradable only if all legs are tradable.

All leg commodities must have the same conversion parameters.

In the trading interface header if it displays SYN it indicates this UDS is not being actively quoted or registered.

Click on the RFQ button on the trading interface, not the toolbar, and request a quote. If the SYN disappears you now have a live quote. If the RFQ button is not displayed on the trading interface then with your trading interface as your active window, select Setup on the top of your right toolbar and select Trading Preferences.

Under Trading Preferences, select Trading Display and at the bottom of the second column check Enable RFQ.

You must now click on Apply followed by OK and the RFQ button will appear on all your trading interfaces.

As a final check click on Time & Sales and that UDS should be quoting.

 

Order duration

Order duration must be valid for all UDS legs.

Order management

UDS orders are displayed on:

      DOMTrader (working orders)

      Fill Report

      Order Ticket (working orders on DOM Ladder, all on Orders and Positions pane)

      Orders & Positions

      QSS and EQSS (order columns)

      Spreadsheet Trader

You can modify and cancel working UDS orders just as you would other orders.

Order placement

UDS orders can be placed on:

      DOMTrader

      Fill Report

      Order Desk

      Order Ticket

      Orders and Positions

      Spreadsheet Trader

Order type

Order type must be valid for all UDS legs.

Positions

UDS positions are calculated the same way as native strategies, including by trades and by execution.

UDS positions are displayed on:

      DOMTrader

      Order Ticket

      Order Desk

      Orders and Positions (if Group by filled spread orders is enabled)

      Spreadsheet Trader

MVO and UPL values are calculated for open UDS positions by adding MVO and UPL of its corresponding leg positions.

Session

Session of the first leg.

Tick size

For strategies with the underlined instrument, same as the underlined instrument.

For strategies with different underlined instruments, tick size of the instrument with the smallest tick size.

Variable tick size is supported for UDS.