Home

Fidessa ASX Best User Manual Issue: 1.6

1. Market Orders General Level 2 trading H Order Management H Market Data Market orders take direction From associated order OK Cancel Apply 4 5 Pulling an Order Pulling an order can be done from the Active Market Orders or the All Market Orders grid by invoking the context menu on the order and selecting Pull Order All Market Orders ca Amend Pull Releaze Tick Down Aesweep Time Instrument Market ol ord Order price Status Code Yol AX 3 1125 Open 1 17 May 12 00 08 WTG AX 503 Complete 17 May 12 00 08 WTG AX Pull Order 503 Open 9 9 17 May 12 00 06 WTG AX Tick Up 503 Complete 17 May 12 00 08 WTG AX meu 503 Complete 17 May 12 00 05 WTG AX 502 Complete Copy 17 May 12 00 08 WTG AX Py 502 Complete 17 May 12 00 08 WTG AX A O 502 Complete 17 May 12 00 08 WTG AX Find Market Orders 507 Complete 1 May 12 00 08 WIG AS View Execution Details for This Order 500 Complete 17 May 12 00 08 WTG AX o 500 Complete 4 User Preferences mA A Tick Dion ana Order price ilhe Mod bet Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Orders Page 29 Alternatively if the order can be seen on the Level 2 market depth highlighted in blue the user can right click on their order and choose the Pull lt order details gt option Level 2 BHP AX BHP BLT FPO BHP sed Sector S467 AT26 11 57 Sts OPEN Broker Sell TSS O
2. 12 5 1 Instrument Filtering The grid allows trades belonging to a a single selection or portfolio of instruments to be tracked through the below controls L Timne and Sales BHPAX newt Trdim Sieve Trade TE Wear Fl HP AX 27 i 10 00 Him UT HW PAX 2 10 00 H30 UT HW BHP Ax TTP ik 10 00 E H30 UT HW BHP Ax 2 10 00 E H30 UT Hw BP AX a i 10500 e430 UT Hw BHP AX i 1000 L H LT 5430 BHP AX 10 00 HO UT cS le Inbound C Poio C Cuthom pr inatrumert Cindy F Set Today Bj E e instrument C Portfolio Custom JBHP AX By SOR ID Selecting the Instrument radio button and clicking on the ellipsis to trigger the instrument finder allows the user to view trades for a single instrument Additionally when an instrument has been selected further filtering can be applied through the adjacent dropdown of just strategies are shown or the fungible equivalents Common used options are Instrument Only Only trades relating to the specific instrument chosen 11 5 1 1 Instrument are shown By SOR ID This will include trades done on Chi X 11 5 1 2 Portfolio Selecting the Portfolio button allows the selection of a list of instruments within a previously created portfolio Clicking on the ellipsis brings up a portfolio finder Combining this feature with Level 2 tracking described in section 13 3 is especially useful when a trader maintains multiple portfolios and wishes to have a separate time and sales gr
3. Market Instrument Types for ASX Best are the following EQ Equity Fl Fixed Income FU Future OP Option ST Strategy WA Warrant Available Limits are Tick Price Soft Tick Price Hard Price Soft Price Hard Consideration Soft Consideration Hard Volume Soft Volume Hard Page 43 A user must populate at least a Soft Tick Price Threshold and Soft Percentage limit to apply any limits Use of Price Threshold A Price Threshold value is specified to control the price tolerance behavior This value relates to the instrument s traded currency If an instrument s reference price is less than the Price Threshold a tick tolerance should apply whereas if the reference price is equal to or greater a percentage tolerance should apply Issue 1 6 Status Released 2014 Fidessa limited File Fidessa ASX Best User Manual docx Fidessa ASX Best User Manual Page 44 Pre Trade Limits Tick tolerance lt Price Threshold lt Percentage tolerance Example display of limits structure Risk Parameters for ASX_DEALER Item Code Item Description Item Level Description Ticks H Price Ticks Soft lt Threshold lt Price Hard Price Soft Consid H Consid S Volume Hard Volume Soft FALL All All 200 20 200 400 20 100000000 1000000 100000000 1000000 6 6 Adding a Parameter A new parameter can be added for a user group by triggering the context menu by either selecting Add
4. 2 The European option pane shows the European option call and put series for each expiry month 3 The American option pane shows the American option call and put series for each expiry month 4 This section shows any TMC and its current bid ask and corresponding volume where the underlying instrument is a leg Fields in the three central grids of the Option Matrix may be customized via Window gt View Builder Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 82 Market Data An underlying instrument is selected by keying an instrument code in the context box _ Enhanced Option Matrix BHP AX BHP BLT F ASA Seg BHF BLT FPO BHF 12 3 1 Related Contracts displaying different Contract Sizes For an underlying instrument that has more than one contract size the different contract size s markets information is accessed by selecting the Related Contracts tab that appears at the bottom of the European and American option display grids This will display all available series and expiry months of that the underlying series with a different contract size Contract size is displayed under UoT headed field L Enhanced Option Matrix or a NCM AX NEWCREST FPO NCM Pr Cls 1250 AUX ASX Seq Sector ISIN AUDODODONCM7 Last 1209 AT 418 10 07 Sts OPEN Ind AD TSS OPFN TES NEMA H aswa BHP AX American Options NEWCREST FPO NCH EU 1 Optio
5. Creating a CCID A CCID can be created with the below steps 1 Create an identifier that these clearing details will be recognised by within the Common Clearing ID field The CCID can be a mix of alphanumeric characters but it must be unique across other current firm and user level CCIDs O 2014 Fidessa limited Issue 1 6 Status Released File Fidessa ASX Best User Manual docx Clearing Participant Identifiers Page 93 2 Within the Type field select Firm or User 3 Enable the Active checkbox 4 Enter the appropriate ASX and or Chi X trading and clearing participant IDs 5 Clicking on the OK button will save the CCID COTA a x Common Clearing ID Type Clearing Details 2 Firm HA Iw Active e Default Trading Participant Clearing Participant id x ee Guidelines for Clearing Details Set up ASX Clearing Participant is required to be supplied which is a single digit value reflecting a valid ASX Clearing ID for your Participant This is suggested to be the same as the Common Clearing ID Trading Participant is optional Chi X Australia Clearing Participant is required to be supplied Trading Participant should only be supplied if you wish to utilize multiple Trading Clearing Participant ID on your ASX Best Chi X connection It MUST be left blank for participant with a single ID Please refer to the below examples on how to set up Chi X Clearing Details Chi X Participant With an ID of 111
6. Entering TMC trades and viewing market prices can be done as if it were a normal product or instrument Trades can be viewed from the grids specified in section 0 Market prices of TMCs and their legs can be viewed from the Level 2 Option Matrix and Trading Portfolio grids See sections 3 2 1 3 2 4 3 2 7 respectively for more information on these grids Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 52 Tailor Made Combinations TMCs 7 6 Example Trading a TMC Spread 1 A trader wishes to roll over his S P ASX 200 INDEX Jun13 futures position to Sep13 so a TMC is entered 2 Upon triggering the TMC Entry dialog a Sell S P ASX 200 Index Jun13 contract is selected in the first leg 3 Then a Buy S P ASX 200 Index Sep13 is entered as well for the second leg The trader will then enter the prices at which he wishes for them to trade at as well as the quantity Note that the price of the TMC dynamically changes according to each leg 7 Enter Order for TMC_XJO_D_002 3K16 AX Pa E O A s58 0 x o fo x 0 0 a rf af S102 0 x o fo xD 0 3 gis Pz ASX 200 INDEX Sep 13 Futures lt JO135EPF 31 gis P ASX 200 INDEX Dec 13 Futures lt J013DECF 32 Add Leg Quantity Net Price Client Ref rr Pico es z Y fReadp Receive Cancel Clearing Participant 5 The trader then validates and submits the TMC which th
7. from the lower section of the grid or a right mouse click and selecting Add Risk Parameter This will launch the following grid L Risk Parameters for ASX_HEADOFDESK Create All instruments level parameter records Ready Selecting the 3 dot ellipsis button will raise the following grid Find Sera Al ra a ert Code j Destrpi Cada Desiren wO ALL al li meal returned Oe Cannel Selecting All will allow a user to first parameter to apply a limit to All Instrument Types By again selecting Add from the lower section of the grid or a right mouse click and selecting Add Risk Parameter this will allow you to add further subsequent limits for Instrument Type Product Level then Exchange then Market if individual limits are required for either or all For example 7 Item Code Item Description Item Level Desc F ALL All All Equities Product Australian Stock Exchange Exchange Australian Stock Exchange PureMatc Market Australian Stock Exchange TradeMat Market Chi X Australia Stock Exchange Exchange Clicking the Save button will save the parameters that have been populated Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Pre Trade Limits Page 45 6 7 Editing a Parameter Editing a limit can be done clicking on the specific limit value and changing as appropriate As above the Save button will need to be clicked
8. 170 QAN AX 3003 BHP AX 3 2 8 Fidessa ASX Best User Manual Instrument Ask AskYol 212 9 4622m 40 000 1 651 13 151 Trade 235 550 170 3360 Hse 235 508 173 5 3365 3365 lt is accessible from the Trading Market Orders menu Consolidated Trading Portfolio TrdSz 1 060 234 693 4 000 550 47 133 68 253 1366 162 YWAP TrdL The trading portfolio allows a user to choose and track specific stocks and products It will also show associated market information around those chosen instruments like the eal ES AO TrdH 235 550 180 3470 230 550 166 3245 The Consolidated Trading Portfolio is similar to the Trading Portfolio however it allows the user to also see the prices for fungible instruments Fir Consolidated Trading Portfolio blah Market Id 4 Bid Vol Bid 1 005 Trd Phase BidYol Pre CSPA 1 005 OPEN 2 424 OPEN 0 Instrument 3 555 BHP Bid E ASX MAIN Market Id ASX MAIN ASX PM CXA MAIN ASX MAIN ASX MAIN 4 Instrument 3555 BHP 3443 BHP_APM 0 BHP CXA 0 TMC_ANZ_D_009_3J00 0 TMC_ANZ_D 010 3J00 3482 Ask Vol 28 ASX ASX Trade TrdSz 3431 3444 3482 3444 TrdTm 65 15 57 48 33 16 04 11 4 16 02 38 AskYol 28 580 10 2014 Fidessa limited May 21 16 04 3300 3433 3468 ea ie A Bid exch C Ask exch C Last trd C Last trd vol C Last trd exch l Last trd timel Trdhi C Trd 3753 ASX VWAP
9. Cancel Fidessa O 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Main Grids and Dialogs Page 13 3 Main Grids and Dialogs 3 1 Menus 3 1 1 File The File menu contains application generic options such as creating and saving a desktop and exiting logging off 3 1 2 Market Data The Market Data menu contains grids and dialogs that provide information about a particular stock or product It also contains dialogs for news the Trading Portfolio and charting 3 1 3 Trading The Trading menu contains grids and dialogs that pertain to functions relating to the complete order lifecycle including associated trades quotes and positions 3 2 Grids 3 2 1 Level 2 The Level 2 grid shows the ASX s order book for a given instrument or contract lt also shows related trading statistics such as turnover and total volume Level 2 BHP AX oA ff BHP AX BHP BLT FPO BHP Pr Cls 3398 AUX ASA Seq Sector ISIN ADOOOOOOBHP4 aa a le ee TIP To change whether the TS5 OPEN 155 OPEN TIP Different views of the Level 2 ee eae AS a os depth shows a summary of Open 3399 Prey Vol a Exch Last can be displayed by right clicking Se a cac eee nce orders by price or each i Trades 444 Way AP 3366 161 Tick Size i ek on the grid and selected the Theo Price O so Vol O individual order press the options under View Space bar lt is accessible from the Market Data menu Issue 1 6 2014 Fi
10. Pr Cls 3620 AX Seg Sector IzIN AUDOOODOBHP4 Last 3638 Ax 100 10 15 1 sts OPEN Ind AD TSS REIR TES JBHP AX ASK AX BHP Ax American Options BHP BLT FPO BHP AM 1 Options Options A5 Dec 013 Jun 2014 Sep 014 Call Call Put F Expiry Yol Bid Offer Yol UoT Tot Yol Tot Yol Strike Tot Yol Tot Yol UoT ol Bid 3 DEC 13 JUN 14 SEP 14 100 2100 Y 100 J 100 y 22300 Y 100 100 3600 y 100 SEP 14 100 3800 Y 100 100 4000 y 100 100 4500 y 100 rn 1 a d Mi d a Pr Ann i 4 WT t E LT FPO BHP AM v1 Options Options A57 E E 3 Related Contracts Show All Strikes il at oe 2 2 a i al European Options BHP BLT FPO BHP EU v1 Options Options 457 Dec 2013 Call Call Put F Expiry Yol Bid Offer Yol UoT Tot Yol Tot Yol Strike Tot Yol Tot Yol UoT Yol Bid C DEC 13 mr j a LT FFO BHP EU v1 Options Options 4554 r 3 Related Contracts Show All Strikes i o All Contract Bid Description Bid ol Bid Mnem Ask AskYol Contract Ask Descri 5 1 6HP135EP2000C 187 o 0 TMC_BHP_D 004 G 4 B 1 BHP135EP2000 5 1 BHP13DEC3900P U5 B 1 BHP13DEC3900 B 1 BHP14DEC3200P 189 5 1 BHP14DEC3200 E 1 BHP135EP2800C 798 D O TMC_BHP_D 003 D o 5 1 BHP135EP2800 5 1 BHP135EP3050P 0G7 B 1 BHP135EP3050 E 1 BHP135EP2800C 298 O 0 TMC BHP D oo o o 5 1 BHP135EP2800 F mi H 1 This section contains trading statistics and information relating to the underlying instrument and where you select an underlying instrument
11. 12 36 28 MMA_HSE_EXCH 17 May 12 36 24 MMA_HSE_EXCH 17 May 12 34 48 MMA_HSE_EXCH 17 May 12 34 47 MMA_HSE_EXCH 17 May 12 34 39 MMA_HSE_EXCH 17 May 12 33 33 MMA_HSE_EXCH 17 May 12 28 48 MMA_HSE_EXCH 17 May 12 28 42 MMA_HSE_EXCH When either option is clicked upon the below dialog appears O 2014 Fidessa limited Trade id 00000010737TRAU1 00000010736TRAU1 00000010735TRAU1 00000010734TRAU1 00000010733TRAU1 00000010732TRAU1 00000010731TRAU1 00000010730TRAU1 00000010729TRAU1 00000010728TRAU1 00000010727TRAU1 Issue 1 6 Status Released File Fidessa ASX Best User Manual docx Trades and Trade Reporting Page 67 BuySell T edTradeib AAA Show Linked Instruments Instruments Counterparties Books Salesmen Dates We Use Dates Traded Date From Today to Cancel Apply A trade can be searched for by a combination of criteria such as instrument date direction or executing counterparty When the criteria has been entered clicking on the OK button will reveal the search results L Found Trades MN Status Book Instrument Trd vol Agreed pri Type Ccy Traded agai Traded on Owner Trade id Entered PROP BHP AX 5000 3 230 Gross 17 May 09 17 0 asxtest1 00000010 Entered 1 000 000 3 365 Gross ASXTEST 17 May 10 06 01 asxtest1 00000010 Entered 1 000 3 365 Gross ASXTEST 17 May 10 05 2 asxtesti 00000010 Entered E 50 000 3 289 Gross FDSA 17 May 09 17 0 asxtesti 00000010 Entered
12. 3528 Time 12 43 06 Cum Vol 3 121 878 Lot Size 1 Trade Lo 3309 Size 82 In Issue 3211 7m UoT il Window Expiry Buttons Jun 2013 Sep 2013 Dec 2013 Jun 2014 Dec 2014 Call Call Put Put Expiry Yol Bid Offer ol Price Setth Opint Strike Yol i Offer ol Price Yol Settl Op int JUN13 25000 3417 3418 25000 2601 1000 3415 3416 5250 2651 2701 2751 2801 2851 JUN 13 2901 4 30 A 4444 14 56 American BHP BLT FPO BHP AM Options Options 4S gt Jun 2013 Sep 2013 Dec 2013 Mar2014 Jun 2014 Sep 2014 Dec 2014 Jun 2015 Call Call Put Expiry Yol Bid Offer ol Price Settlh Opint Strike Bid Offer Y ol Price ol Settl Opint JUN 13 25 18 25 22 1500 1550 1600 1650 1700 1750 1800 1850 1900 1950 2000 2050 WIN 12 71NN 4 114 BLT FPO BHP 4M Options Options 45x 1 Related Contract Show All Strikes Y ATM 3319 TIP Buttons for other instruments that need to be Se a a Se a Se Se Sb Sb oS eS frequently accessed can be added by right clicking at the bottom of the grid and Strategies Trd Phase Flags Contract Bid Description BidYol Bid Mnem Ask AskYol Contract Ask Description B 3 BHP13JUN1500C 519 0 0 TMC_BHP_D_009 0 0 5 3 BHP133UN1500C SI9 B 1 BHP13JUN4401EP JO7 5 1 BHP13JUN4401EP J07 B 1 BHP13JUN1550C S5M9 15 MIS mc_sur_o_008 0 0 S 1 BHP13JUN1550C S5M9 S 1 BHP13JUN1700C SR9 B 1 BHP13JUN1700C SR9 E B 1 BHP133UN1500C SI9 1 RHE S 1
13. 4 3550 4 CLIENTREF Limit v 4 Expiry Date Time Clearing oe Trader Reference Peg Offset Stop Price Minimum Quantity Strategy Name Capacity Trading Book Order Flags Order m Agency WASH nz e Ga C Amend Hold Exit 7 Active Market Orders ane Amend Release i Tick Down Resweep Order ID i Instrument Y Market ID Clearing Ptcpt Yol ord Display Min vt 00001248462Y0AU1 03 Jun 11 09 09 BHP CXA CXA MAIN 22222 14 5 Validation of Clearing Details 14 5 1 Orders When clearing details have been added to an order which are not valid then an appropriate error is shown as below BHP BLT FPO BHP reread ld abo ata Divina Line Pine Chen Rolie Diader Tppa Tee Guai AM phra CAMAN 1500 3860 CENT A Lew Expry Bie Tire Cira Pater Trader Filiae Pes Oise Cian Frici sal of hay Emag Haie idi Ci Vieira Ek bH ror Quest pra gt mi acia Por LL a Fis not active for CKA Alternatively the exchange will return an error and it will appear within the orders grids L All Market Orders Amend Pull A Release Tick Up Tick Down Resweep Time Inst Y Market ID Vol ord Order price Error text Status Code 03 Jun 10 BHP CXA CXA MAIN S 1 500 3 960 UNREGISTERED SENDERCOMPID ONBEHALFOFCOMPID Error Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 98 14 5 2 Trade Reports Clearing Par
14. Defaults sit Client Ref Info Default Capacity Default Origin Sif S66 LA LMR INFOFINFO Add Defaults Amend Defaults Delete Defaults Windows 4 Client Ret Info Ooo HO Data may be added amended and deleted by right clicking in the grid to open the context menu shown above Selecting Add Defaults or Amend Defaults will open the below dialog to load data L Add Regulatory Defaults Pra x Client Ref z Info Default Capacity Default Origin CUIENTAA Agency v ICLIA1ORG Data can deleted in bulk by selecting multiple rows in the Regulatory Defaults grid and a spreadsheet data upload tool is provided for the bulk upload of data To open the RegulatoryDefaultingDataExampleASX xls spreadsheet begin typing the name in the Windows start menu as shown below Fidessa O 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Regulatory Data Set up Page 101 Programs 1 H RegulatoryDefaultingDataE amples SA SO Search Everywhere RegulatoryDefaultingDataE Log off EI Start B a The spreadsheet shown below can be used to quickly set up regulatory data for multiple clients Fill in the details in columns B C and D click the Enter defaults button and the Result column will be populated to show whether the data has been uploaded correctly MED e i RegulatoryDefaultingDataExampleASx xls Compatibility M
15. Derivatives Crossing process is now complete The trade will appear as reported in All Today s Trades grid i All Today s Trades Entered Ry WASH Entered WASH Entered f WASH Entered 3 PROP Entered WASH Entered f PROP NABAM_01000L2 NABAM_01000L2 RIOAM_0480012 A RIOAM_0480012 A RIOAM_0470012 A RIOAM_0470012 A 10 Gross AUX FDSA 10 Gross AUX FDSA 1 857 5 Gross AUX FDSA 1 857 5 Gross AUX FDSA 312 Gross AUX FDSA 312 Gross AUX FDSA CHARLES 2 03 Jul 11 48 33 03 Jul 11 48 33 03 Jul 11 37 23 03 Jul 11 37 23 03 Jul 11 37 23 asxtestl asxtestl asxtestl MMA_HSE_EXCH asxtestl 00000007286TRAU1 00000007285TRAU1 00000007284TRAU1 00000007283TRAU1 00000007282TRAU1 03 Jul 11 37 23 MMA_HSE_EXCH 00000007281TRAU1 8 3 Aborting the Crossing Once the ETO Crossing process has commenced you can stop the crossing from proceeding by select the crossing in the lower part of the grid and then click Abort pan Derivatives Crossing First Quantity UTE z Buy 2 mm 0 Buy Capacity Buy Book Buy Client Ref Buy Clr Participant Buy Info Sell Capacity Sell Book Sell Client Ref Sell Cir Participant Sell Info io yee eevee A ANZ14JUN2100C JX9 Issue 1 6 O 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 58 9 9 1 9 1 1 TIP Instruments from grids like the Options Matrix can be drag instrument field Trades and
16. Quantity feu y TMC_XJO_D gt ASX MAIN 15 3 blackrock Limit H Expiry Date Time Clearing Participant Trader Reference Peg Offset Stop Price Minimum Quantity Goodunticanceled Jf ff l SOR Strategy Name Info Capacity Trading Book Order Flags bd Agency e Enter Hold Exit Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Tailor Made Combinations TMCs Page 51 7 4 2 TMC Entry Dialog IN The TMC Entry dialog can also be used to trade a TMC This is done by selecting the TIP Instruments legs via the instrument finder in each leg field and then the limit price ratio and overall can be drag and quantity Clicking on the Pay or Receive button will submit the order to the exchange dropped into the mi ter Tailor Made Combination FA E 2 TIP When the Insument IPQF Ratio LimitPrice Bid Size i Ask Size Last S P ASX 200 INDEX Sep 13 Futures XJO13SEPF 3U f f 1f 2540 0 x x 0 0 K S Pr ASX 200 INDEX Dec 13 Futures MIOTSDECF 2z f f 1 5u 0 x x 0 0 3 leg fields from the legs of a pre Level 2 Trading l existing TMC Portfolio and Option o are entered Matrix grids the identifier Add Leg Quantity Net Price Client Ref Info Clearing Participant will be shown in the top left of the title bar _ Ready Receive Cancel 7 5 Vi
17. Trade Notification ITN 11 The report of the trade can be done by bringing up the context menu on the trade within the Block Trades dialog and select the Release Report option L Block Trades Status Book Instrument 1 000 000 Entered ij 1 000 Entered ij 1 000 000 Entered i 1 000 000 2014 Fidessa limited Block volu Agreed pri Type 3 365 Gross 3 365 Gross 1 415 Gross 3 474 Gross Set Perc Traded against Trade b NAN ASYTEST A View Details Amend A Cancel D View y Release Report Track Find Trades Market Data Trading Window Traded on Owner 17 May 10 06 asxtest1 17 May 10 05 asxtest1 16 May 16 27 asxtest1 16 May 16 25 asxtest1 Report status Confirmed By Them Initial Trade Error Block Release Issue 1 6 Status Released File Fidessa ASX Best User Manual docx ASX_ Smart Order Router Strategies Page 75 11 Smart Order Router Strategies 11 1 Strategies ASX Best has five distinct Smart Order Router SOR strategies to execute liquidity on lit and or dark venues e Lit Only speed e Lit Only price e Dark Then Lit speed e Dark Then Lit price e Dark Only The first stage of any ASX Best SOR strategy is an aggressive sweep of all venues lit and or dark with IOC FaK orders to take available liquidity It will resweeps multiple times to take any fresh liquidity that may appear The second reflect stage passively
18. a 57 9 Trades and Trade Reporting cccssccesseccssecceseeeeseseeseseeneseees 58 9 1 Entering a Trade Report cccccccscsseseceeecaeseeeeecseeseeeesseeeeeeeeeseaeseesessaaeeeees 58 9 2 Customizing Fields in the Enter Trades Grld oooccccccoonnccncconnonconccnnnnncnnnnos 62 9 3 Vewng a Made sito a R E 63 9 4 Cancelling a Trade senist T 64 9 5 gelare kea E e EE A E E T E 66 260 o 69 Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 6 Contents 9 7 Clearing Participa IDA AA re 70 9 8 Example Late Tradersniissita ein iodo 70 9 9 Example NBB O arca aia iii iii 70 10 Initial Trade Notification ITN o ooccconcconcconconcconcconcconcnoninnnnos 72 11 Smart Order Router Strategies occcoonncccnncccocnnccocannonannnenannnnnannns 75 E AS ies Olle PAE El o e a 75 ML EXAMPLE AAA A est aioe aan 76 AZ AAA oo oo Po 78 e a a ees imine 78 122 OVARIAN AUIS asa iii 80 123 OplOA MAIX ere ge Re eer ne ne ee eee 80 tea A 84 1259 Tmeand o netos des 86 13 CUSTOMISINO the FTW sssr aaa 88 gS 9 G A 88 e o 90 ISa UNPACKING radio lado tido 91 14 Clearing Participant Identifiers ooocccconncconnniconnnconnnconnnnnnnnos 92 141 SNPOCUGUON errata 92 14 2 Common Clearing ID CCID ooonccnncccccnccnncccconcnnncnnonnconnnononncnnnnononncnnnnnnancnos 92 143 Applying CCIDs to Orders and Trade Reports cccccc
19. are either still working on the market or have been completed L All Market Orders Amend Order id 00000004423Y0AU1 00000004422 Y0AU1 00000004365Y0AU1 00000004326Y0AU1 00000004330Y0AU1 00000004344Y0AU1 00000004360Y0AU1 Ar Resweep Dis Client R MD MATT Price at Market Order price Status Yoll 241 Complete 25 000 249 Complete 20 000 230 Complete 10 0 3 44 999 0 4 44 999 0 5 100t 2 2 50m Tick Up Market ASX MAD ASX MAT ASX MAD ASX MAID ASX MAD ASX MAD ASX MAIM Tick Down Yol ord 25 000 20 000 10 50 000 50 000 125 001 50 000 000 Release Exchange orde Time Instrument Done 57095 1840001684 09 34 31 DUE AX 57095 1840001682 09 31 18 DUE AX 5702498400022CA 09 25 54 DUE AX 570249840002 100i 09 20 49 AAQ AX 570249840002 1031 09 20 42 AAQ AX 570249840002 113i 09 20 37 AAQ AX 5 001 BEST 5 001 BEST 25 001 5 000 BEST BEST Open Open Open Open 3 2 7 TIP It s possible to drag and drop any line from an order trades or portfolio grid to a Level 2 or Virtual Market for quick access to further market data 5702498400021221 09 18 54 AAO AX i 4 lt is accessible from the Trading Market Orders menu Trading Portfolio current bid ask last trade price etc LL Trading Portfolio New h Trd phase BidYol 15X MAIN OPEN 1 909 ASX MAIN Pre Open 5 8878m ASX MAIh OPEN 47 478 ASX MAIR OPEN 8 558 Hse Bid 229 230 DUE AX 550 TLS AX
20. e PAZ Sell Sell Book Sell Client Ref Sell Cir diia Sell Info Open _ Derivatives Cro Establishing 1 M ANZ14JUN2100C JX9 20 20 4 After the mandatory wait has elapsed the dialogue will automatically proceed to the next crossing stage Market orders representing the full bid and offer volume will be sent to ASX instantaneously Note If your bid or offer is executed fully or partially by another market participant the process will continue to show any remaining volume not executed on the order book for the 2 mandatory wait period of the crossing process and then cancel it from the order book 5 The crossing process is now complete Trades executed will appear in the All Today s Trades dialog E All Today s Trades Entered f WASH NABAM_01000L2 10 Gross AUX FDSA CHARLES 2 03 Jul 11 48 33 asxtestl 00000007286TRAU1 Entered WASH NABAM_01000L2 10 Gross AUX FDSA 2 03 Jul 11 48 33 asxtesti 00000007285TRAU1 Entered f WASH RIOAM_0480012 A 1 857 5 Gross AUX FDSA 03 Jul 11 37 23 asxtest1 00000007284TRAU1 Enteredi j PROP RIOAM_0480012 A 1 857 5 Gross AUX FDSA 03 Jul 11 37 23 MMA_HSE_EXCH 00000007283TRAU1 Entered WASH RIOAM_0470012 A 312 Gross AUX FDSA 03 Jul 11 37 23 asxtestl 00000007282TRAU1 Entered EJ PROP RIOAM_0470012 A 312 Gross AUX FDSA 03 Jul 11 37 23 MMA_HSE_EXCH 00000007281TRAU1 Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 56 Exc
21. the new button To refresh the display with the most up to date view of market maker orders click on the Refresh MM Quotes button 4 8 1 Pulling Market Maker Quotes Orders The process to pull market make quotes is the same as pulling a normal order Please see section 4 5 for more details Issue 1 6 O 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 34 Orders 4 9 Clearing Participant ID Clearing participant IDs can be added on a per order basis and this is done via the ellipsis within the Clearing Participant field of the Long Market Order Entry dialog This will bring up the Clearing Participant ID finder 7 Enter New Order 83 BHP BLT FPO BHP 3000 3456 Instrument Market Trading Quantity Limit Price Client Reference Order Type Display Quantity Buy y BHP AX ASX MAIN H 3456 Limit a Expiry Date Time Clearing Participant Trader Reference Peg Offset Stop Price Minimum Quantity FA Good until cancelled X SOR Strategy Name Info Capacity ading Book Order Flags X Agency v amp Find Select a Code Find Now Query results LA D Type Description ate FIRM AS 950 2 CAA 22222 45 990 2 0x8 22222 A45 150 2 0x4 22222 45 550 4 0x4 550 01 45 550 5 044 123 22 A45 990 6 0x4 22222 A5 950 7 0x8 22222 A45 990 8 0 4 22222 8 records returned C
22. x o fo x0 0 ER EHP BLT FPO BHP Jun 14 43 Call AM v1 BHPTAIUNE 1 1 0 x 0 0 x0 0 E Add Leg Quantity Net Price Client Ref Clearing Participant agi 3 of 3 Price overlaps current market price Receive Clear 7 4 Trading a TMC 7 4 1 Long Market Order Entry Existing TMCs can be traded via the usual Long Market Order Entry dialog and can be selected from within the instrument finder Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 50 Tailor Made Combinations TMCs Fr Long Market Order Entry Instrument Trading Quantity Limit Price Client Reference Order Type Display Quantity amp Find Search Text Contains C Starts With Find Now pity a Book Flags Search For Futures Australia ASX New Search gt er Reference Peg Offset Stop Price Minimum A al l E Include Deleted Instruments More Enter Hold Exit El Australia 45 Commodity Derivatives Equity Derivatives E Indes Derivatives 55 Tailor Made Combinations E XJO Tailor Made Combinations TMC 1 lt J013JUNF 3M vs 1 XJO13DECF 3Z Upon selecting the desired TMC the usual process of order entry as detailed in section 4 1 can be followed Fr Long Market Order Entry TMC 1 XJO13JUNF 3M vs 1 XJO13DECF 32 3 Q Instrument Market Trading Quantity Limit Price Client Reference Order Type Display
23. you wish to cross This can be done by invoking the context menu then selecting Exchange Specific Enter Derivatives Cross Level 2 NABEU_O2451F3 me a ASK Expiry 06 27 13 Stike 2451 Call European Al Hit Bid H Lift Offer F Join Bid B Join Offer 0 Broker Gary Fil Broker Sell FL Full Depth Sarmi Summary Depth Sumirnary Depth View I Track Market Data i Enquienes I Trading Exchange Specific Enter Trade Enter Quote Request Highlighting OnExchange Crosses Fb Enter Dervatrwes Cross Windes D Derivatives Crossing Cross Method First Instrument Quantity Two Sided Buy eo zam O07 100F4 AX E 2044 Buy Capacity Buy Book Buy Client Ref Buy Clr Participant Buy Info Sell Sell Book Sell Client Ref Sell Clr dino Sell Info q _ A E i Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Exchange Traded Option ETO and Tailor Made Combinations TMC Crossings Page 55 3 Press the Enter button and the crossing process will commence A Crossing quote request will be sent to ASX Status of the crossing will be updated to Quote Request sent mandatory wait in progress El Derivatives Crossing Cross Method First Instrument Quantity Price Two Sided Fa A IZAM_02100F4 AXp 20 20 Buy Capacity Buy Client Ret Buy Clr Participant Buy Info Agency Y E
24. 00 0 Entered TWD AX 1 700 257 Gross AUX 2 16 May 06 00 0 Entered TWD AX 1 909 257 Gross AUX 2 16 May 06 00 0 Entered TWD AX 5 868 257 Gross AUX 2 16 May 06 00 0 It is accessible from the Trading Trades menu 3 2 11 Trade Reports The Trade Reports grid shows all trade reports from the trades triggered by the firm done that day through ASX Best Fir Trade Reports Yersion Instrument Exchange Volume Price Status Report status Amended by 1 WTG AS ASX 10 Confirmed By Them TMAR_RPT_CLI WTG AX ASX 10 Alleged By Us TMAR_RPT_CLI WTG Axz ASX 10 Confirmed By Them TMAR_RPT_CLI WTG Ax ASX 10 Confirmed By Them TMAR_RPT_CLI WTG AX ASX 10 Alleged By Us TMAR_RPT_CLI WTG AX ASX 10 Confirmed By Them TMAR_RPT_CLI als gt mr t B More It is accessible from the Trading Trade Reports menu 3 3 Dialogs 3 3 1 Long Market Order Entry This dialog allows the entry of orders directly to the market It provides the ability to modify generic order details like price and quantity but it also gives the user the capability to specify a smart order router strategy and market unique order conditions Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 18 3 3 2 3 3 3 Fidessa ASX Best User Manual Main Grids and Dialogs 3003 3365 Fit Enter New Order BHP BLT FPO BHP Instrument Market Trading Quantity Limit Price Client Ref
25. 00310137TRAUI Entered WOWAM_O2600U3 100 100 failure completion 00000296774RPAU1 00000309842TRAU1 Entered AAJ AX 508 Trading report class not valid for the instrun 00000296765RPAU1 00000297728TRAU1 Amended ABJ AX Illegal instrument type for inter bank trade B x x 0000029706 7RPAU1 xX 00000310135TRAU1 Entered WOWAM_01500L3 100 100 failure completion x B B 00000296763RPAU1 00000297730TRAU1 Amended AMBJ AX Illegal instrument type for inter bank trade 00000296761RPAU1 00000297736TRAU1 Amended AMBJ AX Illegal instrument type for inter bank trade 4 mI lj 9 6 2 Trade Validation Some trade validation does occur within the Enter Trades dialog when conditions of a trade are not met If this occurs a message appears at the bottom of the dialog a cross appears beside the trade and it cannot be submitted Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 70 Trades and Trade Reporting U Ewer Tracker Eds Te hector usd Thuan kiburi Pico Curera Couriiernanty Api D Toriai iida Dist Sen Dias Ec 0 IO O E A 0 LIK E TEL das Waleed om 1 ls de E Validation falled on 1 trade leg Clicking on the cross will reveal more specific information on the error 9 7 Clearing Participant ID Entering a clearing participant ID within the Enter Trades dialog is possible from within the Clearing Participant field Entry of a valid C
26. 055 Total Val 1 899 666 Exch Lo 2102 Turnover 0 625 220 Trades 397 YW AR 214 21 Theo Price O Theo Val o Exch Last Change Change Tick Size Surp Wol Pi i ff FP Cf to O Of H O ci H hi 100 Fe Cf Rao H D fo oh m Viewing Order Details Orders Ao Pr Cls 2153 AUX AUDOOOO ONAB 4 OPEN 2153 AT 35 2153 o 05 1 o SLIREF When an order is submitted details of that order can be found within a number of grids The Active Orders and All Market orders grids as described in section 3 2 5 and 3 2 6 respectively will display many relevant details across a number of orders Audit History An audit history of individual orders can be accessed by double clicking on the order within the relevant market order grid shown below Fil Active Market Orders Amend Pull Tick Up Order ID Time Inst Y Market Yol ord 00000004509 0au1 20 May 06 01 19 AYG AX ASX MAIN B 5 000 OO000004510 04uU1 04 May 00 06 24 AYG AX AS3 MAIN EN 94 475 Releaze Fir Audit History for Order OO000004509VOALIL Amended Market ID Price 45 MAIN Yolume Instrument 5 000 AYG AX Entered at 18 Apr 20 33 00 B a E Tick Down Rezweep Display Min vol Order p nE E Entered by Client code 43 MMA_HSE_EXCH New in 13 3 gt Additionally the Audit Trail grid can be invoked from the context menu via the option View Audit Trail which will show additional information This grid will
27. 1 vanes ase Self Clearing Participant 01111 Participant using a 3rd Party Clearing Firm 02222 Participant that has been allocated two ID s by 1111 03333 ASX Chi X namely 1111 and 1112 using two 3rd Party Clearing Firm 1112 04444 Participant that has been allocated two ID s by 1111 05555 ASX Chi X namely 1111 and 1112 using a single clearing firm 1112 05555 For further information please refer to the following Chi X Market Operations Notice http www chi x com au resources au file Market 200perations 20Notice 200006 11 paf Issue 1 6 O 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 94 14 2 3 Editing a CCID Clearing Participant Identifiers Editing a CCID is performed from within the same Clearing Details dialog Clicking on the ellipsis within the Common Clearing ID field invokes the CCID finder where a CCID can be selected for editing fi Clearing Details Common Clearing ID oT a Clearing Details Trading Participant Clearing Participant ES Select a Common Clearing ID Find How Code New Search Active H H USER 45 550 608 Ana 000 7 OA ASA 000 6 04 ASA oo Asa ool CA AS 550 408 Ase Tol Cx AS col CA E records returned Cancel Alternatively the CCID can be typed into the field Details belonging to the CCID are shown when tabbed away from the Common Clearing ID f
28. 50 000 3 289 Gross FDSA 17 May 09 17 0 asxtestl 00000010 Entered E 50 000 3 250 Gross FDSA 17 May 09 17 0 asxtest1 00000010 Entered 50 000 3 250 Gross FDSA 17 May 09 17 0 asxtesti 00000010 Cancellecti 5 000 3 220 Gross AUX FDSA 16 Mav 11 14 2 asxtestl 00000010 4 mW b C AN Agreed Price Volume Consideration Brokerage Sales Credit SC Aug Buy 3 230 5 000 16 150 000 00 Selected Sell 0 0 00 Currency Gross 5 000 16 150 000 00 Net 5 000 16 150 000 00 4 m Alternatively the Trade History grid and the criteria available at the top can be used The criteria available also includes client reference Instrument Trd vol Apeedpke Type Coy CientRef Clearing Into Traded again Traded on WT AX 541 Gross ALIX 2 ASX Z3 ey 12015 WIGAX 503 Grows AUX 2 AUS 8 23 May 1201 55 WIGAX 503 Gross ALUX 2 AUSZ8 23 May 12915 WOW AX 4000 Gross AUX 4 ASK 23 May 12002 More AS Instrument Counterparty From To Book Client Ref 7 Todays for SCS 9 5 1 Example 1 A trade wishes to see all sell trades done for the last week on ANZ and NAB The Find Trades dialog is invoked 2 Trader clicks on Showed Linked Instruments to ensure that Chi X trades are included Trader clicks on the ellipsis within the Instruments field The instrument finder appears Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 68 Trades and Trade R
29. 9 1000 3361 tT 3361 50 0 YM min tr It is accessible from the Market Data menu Time and Sales The Time and Sales grid is a ticker of trades that have been reported to the ASX and therefore reflects the on and off exchange trading for a particular instrument There are also controls to filter the view L Time and Sales BHP AX pear ai Inst ReceivedTime TrdTm Size Trade TE WAP Fig YW Yol Bid Ask E BHP A2 16 May 09 45 09 45 10m 3301 X 51 3469 3420 el rT le Instrument Portfolio Custom Price Volurne BHF Instrument Only Miri Maw Miri Max az Display Filter Stark Today m End Today fil 4 Reset It is accessible from the Market Data menu 2014 Fidessa limited Issue 1 6 Status Released File Fidessa ASX Best User Manual docx detail Main Grids and Dialogs Page 15 3 2 4 Option Matrix The Option Matrix shows the market status of options for a given underlying instrument providing for each strike price the bid bid volume offer and offer volume for both calls TIP Buttons that allow and puts quick access to strikes of a The Option Matrix automatically updates with any new intra day strikes particular expiry strip can L Options and Strategies BHPEU_O2651F3 AX European BHP BLT FPO BHP EU Options Options 45 ASX BHP BLT FPO BHP be added by right clicking on the grid selecting BHP AX Last 3421 22 0 65 Bid 3420 Ask 3421 Trade Hi
30. BHP13JUN1500C S5I19 BHPEU_O265p 4 CSLAX ANZAX WPLAX NAB AX selecting Add Instruments It is accessible from the Market Data menu 3 2 5 Active Market Orders The Active Market Orders grid shows all orders entered by the firm that are currently on the ASX order book Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 16 L Active Market Orders Amend Order ID 00000000008Y0AU1 0000000482 7Y0AU1 00000014259Y0AU1 00000064388Y0AU1 0000094036Y0AU1 00000098136Y0AU1 00000106086Y0AU1 00000108612Y0AU1 4 Time 17 May 03 21 30 HRR AX 17 May 06 00 48 TWD AX 17 May 10 08 55 TWR AX 17 May 16 15 35 MLD AX 17 May 04 00 19 TFC AX ASX MAIN Y 1 000 000 f 17 May 00 06 52 WTF AX ASX MAIN amp 50 17 May 15 47 28 ASX AX ASX MAIN amp 17 May 00 06 51 CPU AX _ASX MAIN 3 1 1 uw Main Grids and Dialogs Tick Down A Status Open Pull Release Resweep Market ASX MAIN Tick Up Order price ol done 16 5 2 109 438 453 349 1 393 915 Yol left 24 102 754 378 147 8 544 022 Expiry ty Client Rel ol ord Min vol Instructi Flags 26 212 192 831 496 9 937 937 863 688 Inst Display Open ASX MAIN Li ASX MAIN i Open Open 5 653 596 5 648 679 It is accessible from the Trading Market Orders menu 3 2 6 All Market Orders The All Market Orders grid shows all orders entered by the firm that
31. CH 00000010525TRAU1 1 4 114 p When a single sided trade is cancelled the corresponding trade report is also cancelled automatically Note The trade will not appear as cancelled in Time and Sales and is not considered cancelled until the opposing side has also cancelled the relevant trade 9 4 2 Cancelling a Two Sided Trade The process for cancelling a two sided trade is the same as for a single sided trade except both trades must be selected as shown below L All Today s Trades 10 Entered timestamp Status Book Instrument Trd vol Agreed pri Type Ccy Traded agai Client Ref Clearing Info Traded on Owner 16 May 17 15 01 Entered EA PROP BHP AX 5 000 3 220 Gross AUX FDSA 16 May 11 14 24 asxtest1 lee Ea PROP BHP AX 5 000 Es 220 Gross BUY FDSA 16 May 11 14 24 asxtest1 16 May 16 40 05 Entered WASH WDC AX i Amend 16 May 16 40 05 asxtest1 16 May 16 30 35 Entered By PROP DUE AX Cancel D 16 May 16 29 22 asxtest1 16 May 16 30 35 Entered if PROP DUE AX Track L buy 16 May 16 29 22 asxtest1 16 May 16 27 02 Entered if PROP QBE AX NOWN 16 May 16 27 02 asxtest1 16 May 16 25 37 Entered i PROP NAB AX Find Trades NOWN buying clie 2 16 May 16 25 37 asxtest1 16 May 15 57 41 Entered A PROP DUE AX 4 MAT 2 16 May 15 57 40 MIMA_HSE_EXCF Market Data 16 May 15 57 41 Entered if PROP DUE AX ll Tradi MAT 16 May 15 57 40 MIMA_HSE_EXCF radin 16 May 14 06 04 Entered ES WASH DUE AX 4 16 May 14 06 03 asxtest1 16 May 12 52 51 Entered ES
32. FRO BHP 3468 3469 Instrument Market Trading Quantity Limit Price Client Reference Order Type Display Quantity BHP AX ASX MAIN 3468 Limit H Expiry Date Time Clearing Participant Trader Reference Peg Offset Stop Price Minimum Quantity SOR Strategy Name Info Capacity Trading Book Order Flags Smart Order Agency a El A Clicking on this icon will reveal a dialog that allows the user to select a strategy Selecting a strategy and clicking on the OK button will add the strategy to the Long Market Order Entry dialog Er Find Select a strategy name Find Now Quen results Dark Only Dark Only Dark then Lit price Dark then Lit price Dark then Lit speed Dark then Lit speed Lit Only Price Lit Only Price Lit Only Speed Lit Only Speed 5 records returned Cancel 2014 Fidessa limited Issue 1 6 Status Released File Fidessa ASX Best User Manual docx Orders Page 37 4 12 2 SOR Audit Trail When an order is processed by the SOR an audit trail of what the engine does is recorded Fir Smart Order Audit for Order 00000004626W0AU1 SFI o Event timestamp 29 May 10 42 03 29 May 10 42 03 29 May 10 42 03 29 May 10 42 03 29 May 10 42 03 29 May 10 42 03 29 May 10 42 03 29 May 10 42 03 29 May 10 42 03 29 May 10 42 03 29 May 10 42 03 29 May 10 42 03 29 May 10 42 05 29 May 10 42 03 29 May 10 42 03 29 May 10 42 04 Audit text SOR alg
33. Fidessa ASX Best User Manual Change History ee ieee ICI 26 June 2013 1 Release ASXBest version 13 2 changes 22 July 2013 1 1 Added User Consideration Limits and corrected error in section 6 2 5 August 2013 EN Added further information regarding MM orders 16 September 2013 Section 4 2 1 Added information on new Audit trail grid Section 4 1 1 Added tip on pinning the market order entry dialog Section 4 3 Added note that remaining order quantity will appear by default when amending Section 4 4 1 Added details on pulling multiple orders Section 6 2 Added price check on TMC information Section 8 1 1 Added tip of dragging and dropping into Enter Trades dialog 18 September 2013 Section 4 1 Added note on customizing fields in Enter Trades Grid Section 4 3 Added note on how to default to remaining order quantity will appear by default when amending Section 6 3 Added note TMC Overlap Warning 19 September 2013 Section 11 3 Updated Option Matrix Info and added Related Contracts Info Section 5 5 Clarified Limits Breaches ad 13 2 2 Adding detailed information to Common Clearing 11 Novemeber 2013 7 February 2014 11 February 2014 17 February 2014 10 April 2014 19 May 2014 O 2014 Fidessa All rights reserved This document may be used only for the purpose for which it has been provided In particular the contents may not be reproduced or transmitted in whole or in part in an
34. Find Market Orders View Execution Details for This Order View Audit History View Audit Trail User Preferences Market Order surnmary Track Market Data Enquiries Exchange specific Enter Quote Request F12 My Orders Shift Y Native Bulk Cancel My Group s Orders Shift G Enter Derivatives Cross Accessible Groups Orders Sharp My User Lists Orders shitt U Window Clicking on this option will then invoke the below dialog _ Native Bulk Cancel or a Exchange Instrument Owner Client Ret Bis hi My Orders a The available fields can then be used to pull multiple orders that fit the criteria entered 4 6 Order Failures 4 6 1 Validation Fidessa ASX Best will perform some validation such as price tolerance or quantity when the Enter button on the Long Market Order Entry dialog is clicked Any errors or warnings will appear along the bottom of the dialog Fidessa O 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Orders L Enter New Order BHP BLT FPO BHP 3466 3468 Instrument Market Trading Quantity Limit Price Client Reference Order Type Display Quantity v BHP AX ASX MAIN 1 a 355555 a Limit Expiry Date Time Clearing Participant Trader Reference Peg Offset Stop Price Minimum Quantity Good unti canceled Af fT SOR Strategy Name Info Capacity Trading Book Order Flags
35. H 2 ASX 24 Jun 13 21 04 asxtestl 00000494913TRAU 24 Jun 13 21 03 MQG AX ASX 1 137 6501 ICE Agency ICE WASH 2 ASX 24 Jun 13 21 04 asxtestl 00000494912TRAU 24 hun 12 1 NAR A NAF AY ACY 1 c23 1112 IFNAIV Ananru 26702n0 MACH ACY TA lun 1216NnA acvtacti NNNNNAGAGIITDALII Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Appendix 1 Shortcut Keys Page 103 16 Appendix 1 Shortcut Keys The below is a list of shortcuts within Fidessa ASX Best Clears the data entry field for new input From the selected grid opens dialogue that shows the available short cut keys available Opens the Virtual Markets window with a consolidated depth Opens the Level 2 window Opens the Enter Market Order dialogue in Buy mode Market Order dialogue to amend Cancels selected Market Order from Market Orders grid Level 2 or Delete Virtual Markets grid Also Completes selected Client Order from Client Orders grid Delete Deletes one or several of your own orders that are currently selected in either the Order Book or the Level 2 depth window Shift F5 F9 Opens a Buy Sell Client Order Entry dialogue A list of shortcut keys is also available within the ASX Best user grids Opens Enter Trades dialog Improves the price of selected Market Order for Buy order tick up For Sell order tick down Press F1 within any grid to open the Key Help Issue 1 6 2014 Fidess
36. IAI YWAP UC 1803 477 3446 05 3440 215 3440 215 3509 9 3509 9 Issue 1 6 Status Released File Fidessa ASX Best User Manual docx Main Grids and Dialogs Page 17 3 2 9 All Today s Trades This grid filters by trades done by the firm for the current day L All Today s Trades Status Book Instrument Trd vol Agreed pri Type Ccy Traded agai Client Ref Clearing Info Traded on Owner Trade id Entered i PROP CAG AX 3 10 5 Gross AUX ASX 2 17 May 16 45 01 MMA_HSE_EXCH 00000010737TRAUI Entered if PROP EGP AX 500 348 Gross AUX ASX 17 May 16 10 50 MMA_HSE EXCH 00000010736TRAUI Entered ig PROP EGP AX 348 Gross AUX ASX 17 May 16 07 02 MMA_HSE_EXCH 00000010735TRAUI1 Entered i PROP EGP AX 24 348 Gross AUX ASX 17 May 12 36 28 MMA_HSE_EXCH 00000010734TRAUI1 Entered if PROP EGP AX 25 348 Gross AUX ASX 17 May 12 36 24 MMA_HSE EXCH 00000010733TRAUI Entered if PROP EGP AX 24 348 Gross AUX ASX 17 May 12 34 48 MMA_HSE_ EXCH 00000010732TRAU1 Entered ij PROP EGP AX 21 348 Gross AUX ASX 17 May 12 34 47 MMA_HSE_EXCH 00000010731TRAUI 4 mW p It is accessible from the Trading Trades menu 3 2 10 Trade History The Trade History grid allows the user to view all trades done by their firm for a select time period F Trade History Instrument Counterparty From To Book Client Ref Status Book Instrument Trd vol Agreed price Type Ccy Client Ref Clearing Info Traded again Traded on Entered WTF AX 33 553 Gross AUX 2 16 May 06
37. IREF Open Fidessa O 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx ASX BookBuild Page 39 5 1 4 Trades Once the BookBuild is closed and allocations decided you will be able to see what allocations you have received as Done Volume on your orders in the Active Market Orders grid and as trades through the Trade History grid L Trade History Ar Es Instrument Counterparty From To Book Client Ref BHPXBB 5 al 11 11 2013 top Traded on Instrument Ex Trd vol Agreed price Client Ref Exchang Dealing c Capacity Clearing 17 Feb 15 55 06 A BHPXBB AX ASX 1 000 3 500 CLIREF Traded again Entered time Principal 2 17 Feb 15 5 Issue 1 6 Status Released File Fidessa ASX Best User Manual docx 2014 Fidessa limited Fidessa ASX Best User Manual Page 40 Pre Trade Limits New in 13 3 e 6 Pre Trade Limits 6 1 Introduction The ASX provide firms with the ability to setup firm wide and user limits per market and per instrument type for e order price e single order consideration e single order volume Checks apply to the entry and amendment of market orders only 6 2 Limit Breach All limits have the options to a soft and hard limit A soft limit breach provides a critical pop up warning for single series trades a soft limit breach for a combination provide multiple highlighted warnings and a hard li
38. KNOWN buying clie 2 AUX ASX MAT 2 AUX ASX MAT 16 May 16 40 05 asxtest1 16 May 16 29 22 asxtest1 16 May 16 29 22 asxtest1 16 May 16 27 02 asxtest1 16 May 16 25 37 asxtest1 16 May 15 57 40 MMA_HSE_EXCF 16 May 15 57 40 MIMA_HSE_EXCF AUX ASX AUX ASX AUX ASX 16 May 14 06 03 asxtest1 16 May 12 52 50 MMA_HSE_EXCF 16 May 12 52 06 MMA_HSE_EXCF j Alternatively reverting the trade report from the Trade Reports grid via the context menu item will also cancel the trades Finding a Trade Specific trades can be searched for from either the Find Trades dialog in the Trading gt Trades menu or by using the context menu on either of the trades grids described in 3 2 9 and 3 2 10 and selecting Find Trades L All Today s Trades Status Book Entered i PROP Entered if PROP Entered if PROP Entered 4 PROP Entered if PROP Entered 4 PROP Entered if PROP Entered i PROP Entered PROP Entered if PROP 4 Press the button to see more Instrument Trd vol Agreed pri Type Ccy Traded agai Client Ref Clearing Info Entered PROP CAG AX 3f 105 AUX ASX View Details Amend Cancel View Vv View House Executions Track Find Trades Market Data gt 3 3 3 3 3 3 3 3 3 3 Trading Window gt N N NN N NN NH NH NH NH mn Traded on Owner 17 May 16 45 01 MMA_HSE_EXCH 17 May 16 10 50 MMA_HSE_EXCH 17 May 16 07 02 MMA_HSE_EXCH 17 May
39. Manually adding Regulatory Data information to an order Regulatory Data information may be entered manually on an order ticket by populating available fields Additional Order Origin and Intermediately fields may be found by selecting the drop down arrow to expand the order grid ANZ BANK FPO AN 3379 3380 Instrument Market Trading Quantity Limit Price Client Reference Order Type Display Quantity Buy y ANZ AX ASX MAIN i 3381 i Limit Expiry Date Time Clearing Participant Trader Reference Peg Offset Stop Price Minimum Quantity Geodunticanceled SIP PE i SOR Strategy Name Info Capacity Trading Book Order Flags l oo ao fur JJ a H Enter Hold Clear Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Orders Page 23 4 2 3 Entering a Short Sell Order Selecting the order direction drop down will give you the option to select Short to enter a short sell order if required DRAGONENER OPT NOV 14 DLEO Market Trading Quantity Limit Price Client Reference Order Type Display Quantity Short gt ASX MAIN 1003101 short Limit Date Time Clearing Participant Trader Reference Peg Offset Stop Price Minimum Quantity Good until cancelled bd SOR Strategy Name Info Capacity Trading Book Order Flags Ao ooo ee E af Enter Hold Clear In you Orders grids by a
40. Market Order Entry e i BHP BLT FPO BHP 3541 3549 Instrument Market Trading Quantity Limit Price Client Reference Order Type Display Quantity Buy Ad BHP AX ASX MAIN H 3541 H Limit Expiry Date Time Clearing Participant Trader Reference Peg Offset Stop Price Minimum Quantity Good until cancelled M SOR Strategy Name Info Capacity Trading Book Order Flags E Agency q Enter Hold Clear 4 1 2 Selecting Order Type Available Order Types may be selected from the Order Type field ANZ BANK FPO AN 3379 3381 Instrument Market Trading Quantity Limit Price Client Reference Order Type Display Quantity EMS Anzak fasx main gt al EOS E Expiry Date Time Clearing Participant Trader Reference Centre point limit a Minimum Quantity Centre point market a Good until cancelled Custom peT SOR Strategy Name Info Capacity Tradi Fill or kill 4 Imbalance auction Immed or cancel Join Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Orders Page 21 4 2 Order Types The following order types available and can be selected from within the Long Market Order Entry dialog Centre point blk lirit Centre point blk market Centre point lint Centre point market Custom Fill or kill Immed or cancel Jor Lirit Ma
41. May 11 14 2 asxtest1 00000010529TRAUI1 16 May 12 18 0 H Amendedl Amend A Gross FDSA 16 May 11 14 2 asxtest1 00000010528 TRAU1 16 May 12 15 3 Entered ij Cancel D 4 Gross ASXTEST 16 May 12 14 2 asxtest1 00000010527TRAU1 16 May 11 21 2 Entered i View y UNKNOWN 16 May 11 20 0 asxtest1 00000010526TRAU1 16 May 10 57 41 Entered i H Gross ASX 16 May 10 57 3 MMA_HSE_EXCH 00000010525TRAU1 AU550 16 May 10 37 51 asxtest1 00000010524TRAU1 16 May 10 37 51 Cancelled BS Track Gross 16 May 10 37 5 EF Cancelled 3 AU550 16 May 10 37 51 asxtest1 00000010523TRAU1 Gross MN NN NN N N N Nin Find Trades E Gross Market Data Trading Window L All Today s Trades Status Instrument Trd vol MAS A Agreed price Type Traded against Client Ref Clearing Info Traded on Owner View Details iss AU528 2 ER A ss 2U528 ss AU528 View Vv ss AU528 View House Executions ss AU528 ss AU528 ss AU528 Find Trades ss AU528 Market Data ss AU528 ss AU528 ss AU528 Entered Entered Entered Entered Entered Entered Track Entered Entered Entered Entered dina A A Entered 4 Window NNNNNNN NN NN 16 May 10 12 40 16 May 10 12 40 16 May 10 12 40 16 May 10 12 40 16 May 10 12 39 16 May 10 12 39 16 May 10 12 39 16 May 10 12 39 16 May 10 12 35 16 May 10 12 35 16 May 10 12 29 16 May 10 12 29 MMA_HSE_EXCH MMA_HSE_EXCH MMA_HSE_EXCH MMA_HSE_EXCH MMA_HSE_EXCH MMA_HSE_E
42. O BHP 3000 3456 Instrument Market Trading Quantity Limit Price Client Reference Order Type Display Quantity v BHP AX ASX MAIN 3456 Limit Expiry Date Time Clearing Participant Trader Reference Peg Offset Stop Price Minimum Quantity Good uni canceled i st m SOR Strategy Name Capacity ading Book Order Flags X Agency SG amp Find Select a Code Find Now Query results ee ASX 550 2 CXA 22222 ASX 550 2 0 4 22222 AS 150 2 0 4 22222 45 550 4 24 550 01 A45 550 5 2x4 123 22 A5 550 6 0X4 22222 A5 550 7 CXA 22222 AS 550 8 0 4 22222 ZZZZETZ ZAR Viales ie a Bda Clearing Please see section 4 9 and 9 7 for further details on applying the CCID to orders and trade reports respectively 2014 Fidessa limited Issue 1 6 Status Released File Fidessa ASX Best User Manual docx Clearing Participant Identifiers Page 97 144 Viewing Clearing Participant on Orders amp Trades In either of the trade and orders grids the clearing participant ID can be viewed through the Clearing participant field which can be added from the View Builder The ID presented is the actual value relevant to the traded venue as opposed to the CCID F Amend Order BHP BLT FPO BHP 0 3550 Instrument Market Trading Quantity Limit Price Client Reference Order Type Display Quantity Sell BHP CXA CXA MAIN 1 500
43. PEN Join Offer Broker Buy Amend 3466 AT 78 3465 AT 400 a Pull Sell 251 0 BHR AX ASK MAIN 10 3472 Open 3690 Prey Vol 20 028 972 Exch Exch Hi 3690 Total vol 1 002 190 Cha Tick Up Eren Ce 3458 Turnover 76 404 wo CA Tick Down Trades O WAP 3408 56 Co Theo Price o Theo Vol o Surp paris Full Depth E semi Sumrmary Depth summary Depth Whew Track Market Data Oe n M Oo oe Enquiries Trading Exchange specific Highlighting Windowy In both methods a confirmation of the cancellation is required through the pop up box shown below PULL orders A Click Yes to PULL your orders 4 5 1 Pulling Multiple Orders New in 13 3 gt Pulling multiple orders according to specific criteria is available as an option within the context menu of the Market Order grids It can be found within the Exchange Specific context menu item Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 30 Orders All Market Orders Ao Amend Pull Releaze Tick Up Tick Down Aesiveep Time Instrument Market ol ord Order price Status Code Yolleft Yol 16 Sep 06 01 44 TTS ax ASA MAIN E 1 000 000 305 Open im AE acw nae FD 1 000 000 305 Open im Amend 5 1 000 000 305 Open im Pull Order 5 1 000 000 305 Open im Tick Up 5 1 000 000 305 Open im Tick Down B 1 000 000 300 Open im i Copy o z l p Disassociate from Client Order More
44. PROP BHP AX Window gt 16 May 12 52 50 MMA_HSE_EXCH 16 May 12 52 06 Entered S PROP BHP AX 3 365 Gross AUX ASX 16 May 12 52 06 MMA_HSE_EXCF 4 p A confirmation prompt will appear Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 66 Trades and Trade Reporting Cancel Trades TIP The buy and sell parts of a cross trade will have the same identifier within the Exchange Trade Code field This will help identify both sides to the cross 43 Traded on Owner 16 May 11 14 24 asxtest1 16 May 11 14 24 asxtest1 Entered timesta mp Status Book 16 May 17 15 01 Cancelleky PROP 16 May 17 15 01 Cancelle Y PROP Instrument Trd vol Agreed pri Type Ccy Traded agai 3 220 Gross AUX FDSA 3 220 Gross AUX FDSA 9 5 Fidessa ASX Best User Manual 16 May 16 40 05 16 May 16 30 35 16 May 16 30 35 16 May 16 27 02 16 May 16 25 37 16 May 15 57 41 16 May 15 57 41 16 May 14 06 04 16 May 12 52 51 16 May 12 52 06 4 Entered ES WASH Entered By PROP Entered 4 PROP Entered 4 PROP Entered if PROP Entered 4 PROP Entered if PROP Entered WASH Entered By PROP Entered ES PROP WDC AX DUE AX DUE AX QBE AX NAB AX DUE AX DUE AX DUE AX BHP AX BHP AX 1 267 Gross 230 5 Gross 230 5 Gross 1 415 Gross 3 474 Gross 231 Gross 231 Gross 232 Gross 3 365 Gross 3 365 Gross AUX CXA AUX FDSA AUX FDSA AUX UNKNOWN AUX UN
45. Trade Reporting Trades and Trade Reporting Entering a Trade Report Two Sided Trade Report 1 Entering a two sided trade report can be done from the Trading menu Trading Trades Enter Trades Trading Window Help PO level l O Level PITAS Market Orders Orders Quotes Trade Reports Positions Broker Sell smart Order Routing Client Buy Client sell Book Transfer Find Trades Allocator All Today s Trades All Today s Trades for Instrument Trade History Black Trades Trades Report Download 2 The following Enter Trades dialog will appear and dropped into the The Cross option within the Trade Type field will default as well as the last i selected instrument Gy enter PS _ e Trade Type Direction Quita a Instrument Price Currency Counterparty Apt Destination Conditions Trade Date Settlement Date Book 3 Add Clear Type Direction Quantity Instrument Price Currency Counterparty Rpt Dest Conditions Trade Date Sett Date Book Client Info Clr Part Delete Fidessa ASX Best User Manual Ready rc Issue 1 6 Status Released File Fidessa ASX Best User Manual docx 2014 Fidessa limited Trades and Trade Reporting Page 59 3 When the quantity instrument and price for the cross has been entered ensure the Add button is clicked upon or B Counterparty Rpt Destination Conditions Trade Date Settlement Date F Enter Trades T
46. User Manual Page 46 Pre Trade Limits Rule 1 would apply as it is setup at the exchange level Rule 2 is at the instrument type level 6 9 2 Rule Inheritance Rule inheritance will provide limit criteria from a higher level rule and it apply to lower level rules if criteria is not specified at that lower level For example if you wish to set specific price limits for users or instruments but have one single Max Volume limit per firm Example 1 The 2 limit rules below have been setup and Trader A enters an order in BHP AX an equity instrument on the ASX Rule 1 indicates that a 7 price limit and a maximum volume of 1 000 000 shares should apply to all users of the FIRM regardless of instrument type exchange or market Rules 2 indicates that Trader A should have a 5 price limit regardless of instrument type exchange or market Instrument Price Max a i ay et H H Rule 2 would apply for the price limit check as it is setup at the user level rule 1 is at the firm level Rule 1 would apply for the maximum volume check as rule 2 does not specify a value for this limit parameter 6 10 Administration Adding or amending limits can only be performed by permissioned Head Traders or users within the HEADOFDESK group If the ASX Best Head Trader has not been nominated or is unable to view the User Order Limits Monitor from the above prescribed location please contact ASX Trading Operations to facilitate this Fid
47. XCH MMA_HSE_EXCH MMA_HSE_EXCH MMA_HSE_EXCH MMA_HSE_EXCH MMA_HSE_EXCH MMA_HSE_EXCH Invoking the context menu on the trade and selecting Cancel will invoke the below dialog 2014 Fidessa limited Issue 1 6 Status Released File Fidessa ASX Best User Manual docx Fidessa ASX Best User Manual Trades and Trade Reporting Page 65 Fir Client Principal Trade 00000010526TRALH BHF BLT FFO BHP 3046 3361 Quantity Instrument Gross Price Counterparty For Salesman Book COS 1 000 000 BHP AX 3299 UNKNOWN PROP Agreed Ccp Exchange Apt Dest Value Date Capacity Conditions AUX ASX ASA T E 105 21 22013 Principal IR os Coy Rate Dealt By Firm Role Entity ET al lasntest a 622013 T 7 20 05 Broker F DSA Report Client Contra Client Clearing Participant Contra Ch Participant Info REF 2 2 Order Order ID o AUD Against payment 32 990 000 00 AUD J Delete Exit Clicking on the Delete button will cancel the trade The trade within either the Trade History or All Today s Trades grids will appear grey All Today s Trades one Status Book Instrument Trd vol Agreed pri Type Ccy Traded agai Client Ref Clearing Info Traded on Owner Trade id 1 lla PROI BHE 550 3 289 Gr UX Fl 2 16 May 11 14 24 t l 00000010529TRAU elit PROF BHF in 61 Gi UX FI 16 May 11 14 24 asxtest1 00000010531TRAU1 Entered if PROP GSBA18 AX 10 000 9 999 Gross AUX ASX 16 May 10 57 39 MMA_HSE EX
48. a limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual For more information about Fidessa solutions fidessa com Hdessa Trade Invest Inform
49. ac afines 31 4 8 Viewing Market Maker Quotes Orders cccccccceeseeeeeeeeeeeeeeaeeeeeeeeeeeeeeaes 33 4 9 Clearing Farticipant rar A te 34 A10 A E RE 34 441 Quote Request a a a a a 34 4 12 Smart Order Router SOR oooccccnnncccccccconccnnnnccncnononncnnnnnnonononnnnnnnnnonononannnenons 35 Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Contents Page 5 5 ASA BOOKBUIO AAA o A 38 6 Pre Trade AMINS acacia 40 6 1 o A II ee oe 40 6 2 A R A N 40 6 3 TYDES Of nn telanmanuatendeimiade rains 41 6 4 Entities ana Pietrari rada 42 6 5 Parameters amp Hierarchy sica dada ia 42 6 6 ole A O ea heal eared tela 44 6 7 Editing a Parametros atacan 45 6 8 Deleting a Parametros d idos 45 6 9 Limit Rule Inheritance and Precedence cececeeeeeeeeeeeeeeeeeeeeeeeeeeeeeees 45 0 10 AQMIAISTalO Marti taladros 46 T Tailor Made Combinations TMCS cccsecceseceseceneeensenens 47 7 1 TOUS e ie en ee 47 7 2 Greating and Trading arnt casita a aie 47 13 TMG Overlap Wa Mid nr 49 7 4 Trading a TM ti adn 49 7 5 VIeWwing TMG Si is oi r awh i a es 51 7 6 Example Trading a TMC Spread ccccccccesceeseceeescceseeeesscueeeeeeesceseeers 52 8 Exchange Traded Option ETO and Tailor Made Combinations TMC CIOS SINGS nininini ae AAA EAA 53 8 1 IO GU CTO irasa a a 53 8 2 ENTE INT AOS IN ac 53 8 3 ABOMING Me Crossi geeen
50. also show Fidessa ASX Best User Manual unsolicited amendments from third party orders 2014 Fidessa limited Issue 1 6 Status Released File Fidessa ASX Best User Manual docx Orders Page 27 7 Audit Trail for Order 00000012668VOAU1 fF of E Time Event type Event type description Instrument Market ID Buy sell q Yolume Price type C 16 Sep 06 01 44 O_ UPDATED OrderRestated SLA AX ASX MAIN 14 Sep 00 05 28 O_UPDATED OrderRestated SLA AX ASX MAIN 13 Sep 00 06 23 O_UPDATED OrderRestated SLA AX ASX MAIN LIM LIM z LIM LIM LIM LIM LIM 12 Sep 00 06 30 O_UPDATED OrderRestated SLA AX ASX MAIN 11 Sep 00 05 23 O_UPDATED OrderRestated SLA AX ASX MAIN 10 Sep 11 44 11 O_UPDATED OrderRestated SLA AX ASX MAIN 09 Sep 06 01 39 O_UPDATED OrderRestated SLA AX ASX MAIN 4 4 3 2 Executions for Order When executions have been received for the active order they can be viewed for a single order within a separate grid Invoking the context menu on an order from either of the market order grids and selecting View Execution Details For This Order will invoke the below grid L Executions for Order 00000004510VOAU1 A Instrument Market ID Trd vol Gross price Traded on Coy Exchcpty Entered by Trade fl AYG AS 452 MAIN 1 45 11 39 AUX ASS MMA HSE EXCH 55 AYG AX ASZ MAIN 70 184 45 09 59 AUX ASZ MMA_HSE_EXCH 55 AYG AX ASZ MAIN 1 45 13 01 AUX ASZ MMA_HSE_EXCH 55 4 4 Amending an Order An order can be amended from a number of differen
51. ancel ZZZZZ ZE Alternatively these details can default for a firm or for a user Please see section 14 for more details 4 10 Order Expiries The following order expiries are available and can be selected from within the Long Market Order Entry dialog Good for day Good until cancelled Good until date Immediate or cancel 4 11 Quote Requests Quote requests for single series option contracts and TMCs can be made from the Exchange Specific menu item of the Level 2 grid context menu or by pressing the F12 key Fidessa O 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Orders Page 35 lt can alternatively be accessed from the Option Matrix Consolidated Trading Portfolio and Trading Portfolio L Trading Portfolio Main Market ID Trd phase BidYol id Hit Bid de TrdSz WAP TrdL ASX MAIN OPEN 7 998 Lift Offer ASX MAIN OPEN 0 aa Join Bid ASX MAIN OPEN ASX MAIN OPEN 9m ASX MAIN OPEN ASX MAIN OPEN Broker Sell gt Level 2 Lewel 1 Time amp Sales Join Offer Broker Buy Enter Quote Request The following dialog will appear H Outgoing Quote Request el BuySell Quantity Instrument Market CC Buy Sell Quote 54W AX ASX MAIN Request Exit The direction of quote and quantity can be entered and upon clicking the Request button the request is submitted to the relevant market
52. c OO 6 The OK button is clicked and the Found Trades grid appears L Found Trades A A Status Book Instrument Trd vol Agreed price Type Traded again Traded on Owner Entered WASH NAB AX 100 000 3 440 Gross FDSA 23 May 13 22 38 AsxDealerAl Entered CROSS NAB AX 100 000 3 440 Gross GARYINY 23 May 13 22 38 AsxDealerAl Entered PROP BHP AX 11 3 407 Gross AU528 23 May 13 18 58 MMA_HSE_E Entered WASH BHP AX 100 000 000 3 500 Gross AU528 23 May 13 00 00 MMA_HSE_E EF Cancelled WASH BHP AX 100 000 000 3 500 Gross AU528 22 May 16 52 40 MMA_HSE_E Entered WASH BHP AX 10 000 000 3 500 Gross AU528 23 May 13 00 00 MMA_HSE_E 4 ii p C AN Count Agreed Price Volume Consideration Brokerage Sales Credit SC Aug E Buy 0 0 0 00 e Selected coy 1 3 402 100 000 340 200 000 00 Currency Gross 1 100 000 340 200 000 00 Net 1 100 000 340 200 000 00 4 w Y 9 6 Trade Failures 9 6 1 Failed Trade Reports When a trade has been entered that does not conform to the exchange s rules a failed trade report will result This will appear in the Failed Trade Reports grid which is found in the Trading Trade Reports menu L Failed Trade Reports Report ID Trade ID Status Instrument Cpty Volume Price Capacity Report text 3 00000303447RPAU1 s 00000316507TRAU1 Entered WTF AX 9 000 540 1 Illegal instrument type for inter bank trade 00000297071RPAU1 00000310139TRAU1 Entered WOWAM_01600X3 100 100 failure completion 00000297069RPAU1 000
53. can The remaining volume is taken from ASX at the limit The order completes as there is no volume left to execute 11 2 2 Multiple Pass Sweep and Reflect The order requested is e Buy 1000 3462 The virtual market grid shows the below Qty Price Execution Venue Chi X ASX Cumul Qty Cumul Qty 200 3462 ASX 300 200 1000 3463 ASX 300 1200 After the first pass the following aggressive child orders are generated e Chi X 500 3462 e ASX 450 3462 Executions are received for the visible quantity leaving 500 in total remaining After execution the Chi X order refreshes with a display quantity of 300 as it is a simulated iceberg leaving the depth appearing as follows Qty Price Execution Venue Chi X ASX Cumul Qty Cumul Qty 200 3463 ASX 1000 1000 In the second pass the following aggressive child order is generated e Chi X 500 9 7 3460 An execution is received for the visible quantity with 200 remaining The market depth appears as follows Qty Price Execution Venue Chi X ASX Cumul Qty Cumul Qty 200 3463 ASX 1000 1000 The third pass creates no child orders so the parent is reflected Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 78 12 12 1 12 1 1 Fidessa ASX Best User Manual Market Data Market Data Level 2 The Level 2 grid is a dynamic view of the order book for the chos
54. ceeeeeeseeeeeeeeeeeeeeaes 96 14 4 Viewing Clearing Participant on Orders amp TradesS ooccccccconncccnccononcconenonancnss 97 145 Validation of Clearing Details occccconncnccccnncncoconnnnocnanoncnnanonnnnoncnnnonanenoss 97 15 Regulatory Data Set up cccccocccccncnccconoceconocennnnnenannnenannnenannnenanens 99 15 1 Remove Capacity and Book User Preferences occccccocccccccoccnnoconcnncononenoss 99 15 2 Upload client Regulatory data cccoooonccncccccnnnonnccononcnnnonnnancnnnnononnnnncnnnancnns 99 15 9 sSCTUD USEF TalID ACK Gata it lo a ai tasa 102 15 4 Viewing Regulatory data on orders and trades oooccccccoccnncconconccnonnncnnanenoss 102 16 Appendix 1 Shortcut KeYS occoonccccocccccococononocononoronanononannnnnans 103 Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Introduction Page 7 1 Introduction 1 1 Purpose This document describes the functions grids and dialogs of Fidessa ASX Best 1 2 Audience The documents is intended for e ASX Best End Users e ASX Support Staff e Fidessa Business Analysis Implementers and Managers 1 3 References 1 Fidessa ASX Best Installation Guide 1 4 Glossary DTR Mnemonic for Designated Trading Representative Fungible Interchangeable Can be used to describe an instrument that is interchangeable with one listed on another market Issue 1 6 2014 Fidessa limi
55. cx User Manual Page 92 14 14 1 14 2 14 2 1 14 2 2 Fidessa ASX Best User Manual Clearing Participant Identifiers Clearing Participant Identifiers Introduction Fidessa ASX Best enables the defaulting of clearing identifiers for both ASX and Chi X on orders and trade reports In instances where a firm has multiple clearers functionality exists to define an alternative set of clearing participant identifiers so they can be entered on a per order or trade report basis Common Clearing ID CCID CCIDs allow an easy way to identify and apply ASX and Chi X participant IDs separately or as a combination Once these are created they then can default or be applied manually on orders and trade reports in case an override is required To set these defaults the dialog Clearing Details is used It can be found within Trading Orders menu fr Clearing Details a Comman Clearing 1D Type Cleaning Details fd Ta Default Trading Participant Clearing Participant ASM CHA CCID Types There are two types of CCID s Firm or User Firm CCIDs are applicable across all users and when defaulted will apply on all orders and trade reports A User CCID is applicable to the user who created it and when defaulted will always apply to that user s orders and trade reports Note that a user CCID default will override a default firm CCID This option is selected from the Type field of the Clearing Details dialog
56. d orders BookBuild is supported in ASX Best using the standard depth grid Time amp Sales grid and order entry dialog There are however some peculiarities in the BookBuild process that are worth highlighting 5 1 1 BookBuild instrument BookBuild instruments contain XBB such as ANZXBB AX or BHPXBB AX Refer to the information sheet published by the ASX about the current BookBuild at the time for information on the code to use 5 1 2 Depth and BookBuild price No orders will be shown in depth including your own as per the rules for BookBuild The BookBuild price will be live and visible as the Theoretical IAP Match Price in your Level 2 depth grid E Level 2 WWCXBB E Level 2 E Virtual Market WWCXBB WWC BOOKBUILD 615 WWCXBB Pr Cls 0 ASH Seq Sector ISIN gooo000000000 Last Sts BB_PRECGPE Ind TSS BR MARKET ISS BB PREOPEN Preu Wol O Exch Last O Total Vol Oo Change o Turnover E Change 05 Wey AP o Tick Size Bhd Ad Theo Vol ao Surp Vol o 5 1 3 Orders Place your orders as if you would any other market order using the Long Market Order Entry dialog You will be able to view and manage your BookBuild orders from the Active Market Orders grid L Active Market Orders Active Market Orders Amend Full Release Time Instrument Market ol ord Order price Client Ref Order state descrip 17 Feb 15 50 51 BHPXBB AX AS52 MAIN i 300 000 3 401 CLIREF Open 17 Feb 15 50 39 BHPXBB AZ AS2 MAIN 20 000 3 500 CL
57. dding the Buy sell qualifier field ViewBuilder xj Available Fields Selected Fields Settings FW House Summary Add o Event timestamp Title C FW Market Data Instrument view code Market orders Buy sell qualfier SS Na Managed Order Remove a Market id Market orders a sanae Market Data Buy sell Market orders Width Market Management Remove All gl Clearing participant Market orders 10 55 Other order related Volume ordered tree Market orders y E Static Data o Minimum volume Market orders Alignment Trading Positions MoveUp ff a Order price Let y Vertical separator line a Volume done Market orders T Label Move Down BP Volume left Market orders F Selection checkbox o Average price Market orders Copy fielda Instruction selector Market orders Order flags Market orders Paste fields sia Ma Buy sell qualifier Market orders TMC contract bid description TMC contract ask description Best bid Consolidated FW Consolidated Stock h o Best ask Consolidated FW Consolidated Stock 7 Search 4 gt You will be able to distinguish any short sell orders Active Market Orders Y All Market Orders Pending Purged CP Order Book__ Y Held Orders Pull Release Tick Up al Time Instrument Market ID Clez Vol ord Min vol Order price Vold
58. dessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 14 3 2 2 TIP Different views of the Level 2 can be displayed by right clicking on the grid and selected the options under View 3 2 3 TIP Changing the drop down value to SOR ID will allow all fungible instrument trades to be shown Fidessa ASX Best User Manual Main Grids and Dialogs Virtual Market The Virtual Market grid is similar to the Level 2 however it will combine the depth from the Chi X order book for that instrument as well to show the user a consolidated view of prices from both venues Virtual Market BHP AX Ao PM Inst BHP A PM Seg ISIN AUDODODOBHP Last 3360 229 12 54 AS Ind PM sts OPEN 33653 AT 500 ASX 3470 3245 358 Trade Hi Trade La Trades ASS ASX Total Vol 2 233 994 Uncring O 3365 AT 500 ASX PM Open y al fan P 3399 PM TSS Saba AT 332 Saa MAWAP Vol 10914m Prev Vo O Uner Vol ASM LAT Y33069 LAT Hi ear Ea OPEN 3470 3243 PM ISS OPEN 33653 AT 168 386 1 12 0 ASS ASX ASX ASX TIP To change the level of detail shown press the Space bar to iterate through the options See section 12 1 for more AASA LASA 8 558 15 395 3361 3362 3363 3363 3366 3360 3367 3367 SI BS Seo 46 416 Pla Bid ol XASX 6 550 CHEX 0 ASXP Bid Ask Ask ol Trade Trd z YM trd 3003 3365 9 707 3360 22
59. e Broker JE 2 Enter direction quantity instrument price details Issue 1 6 O 2014 Fidessa limited Fidessa Status Released ASX Best User Manual File Fidessa ASX Best User Manual docx Page 60 Trades and Trade Reporting L Enter Trades j Trade Type Direction Quantity Instrument Price Currency Counterparty Rpt Destination Conditions Trade Date Settlement Date Broker R gt 150 BHP AX lt 4 3299 21 aux known 85 y m 15 05 2013 20 05 2013 m Book Client Contra Client Clearing Participant Contra Clearing Participant Info Add Clear Type Direction Quantity Instrument Price Currency Counterparty Rpt Dest Conditions Trade Date Sett Date Book Client Info Clr Part Delete Ready Cancel 3 Ensure a valid market counterparty is entered within the Counterparty field Clicking on the ellipsis will bring up a finder dialog that allows easy selection of the appropriate broker Note that for ASX trades the ASX counterparties need to be chosen and they are designated with an AU prefix to the code The same applies for Chi X trades where Chi X counterparties designated with a CXA prefix need to be selected 4 Search for counterparties Code Type VIEW Country of origin a Find Now Code Country of residence New Search Description Counterparty Type Coty Type Qualifier Altcode Alt type Description Coty Gro 40704 VIEW MF Global Securiti
60. e user to set a DO level 7 Level 0 T amp S DO News D Chart 7 Alerts D Userlist D All My Orders sound file to play when the alert is e Alerts These alert buttons will flash if a new event occurs in the underlying grid triggered l Clicking on the flashing alert will invoke the underlying grid More details of these can be found in section 2 2 2 Context Menu Right clicking on a control or the contents of a grid will trigger a menu that contains options which are applicable to the information that is being viewed For example right clicking on the Level 2 market depth grid will show functions to hit the bid or lift the offer modify aspects to the grid or find out further information around that instrument L Level 2 BHP AX BHP AX BHP BLT FPO BHP Pr Cls 3470 ASX seg Sector SIN AUOOOOOOBHP4 3465 AT170 11 Hit Bid Lift Offer 3458 AT 103 3463 Join Bid 3470 AT 19 3465 3690 Prev Vo Join Offer 3690 5 3458 Turnovel Broker Buy b 0 14 aL VWAP Broker Sell 1 ee o Full Depth Semi Summary Depth SAS Summary Depth 1 34 View Track Market Data 1 a a 1 2 Fi al 5 Enquiries Trading Exchange Specific Highlighting Window Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Getting Started Page 11 2 2 3 The View Builder Most of the grids within the FTW will have the option to add further columns that conta
61. ed ASX Best File Fidessa ASX Best User Manual docx User Manual Page 48 New in 13 3 gt Fidessa ASX Best User Manual Tailor Made Combinations TMCs Fr Enter Tailor Made Combination Instrument i Limit Price Bid Size i Ask Size Last PPP E x Add Leg Quantity Net Price Client Ref Clearing Participant F I e Ready Cancel Each row allows the entry of a single leg where details such as direction ratio and limit price can be entered Additional legs can be added to a maximum of 4 with the use of the Add Leg buiton us Enter Tailor Made Combination Instrument Ratio Limit Price Bid Size i Ask Size Last Or P ASX 200 INDEX Jun 13 Futures PsJO13JLINF 3M 1 5200 0 x x0 0 gis P ASX 200 INDEX Dec 13 Futures P lt J013DECF 32 1 5164 0x x 0 0 Add Leg Quantity Net Price Client Ref Clearing Participant 36 Price E Ready Pay Cancel The software will dynamically determine the price based upon the ratio limit price and direction of the legs Whether the trader pays or receives is also automatically determined Clicking on the Pay or Receive button depending on the legs will create the strategy and submit the order to the exchange A price check is performed against an existing TMC or against the underlying legs If neither exists then the checks is not done The order is visible on the All Market Orders grid and on the Level 2 d
62. ed Fields pane further options appear to the right that allow customization of aspects like title width alignment and decimal precision depending on the type of field TIP To duplicate a list of fields ina grid select the E Ode lat e Irei vito Socks Mardel pidett o Mal ef Haka cetera o Exp pal Msc ader Ware ordered bes Maret ceder Order price Vertical ppan ine Dris Ase derolplon l Label 6 Dices a Wakra left Market odan Settings a Waka dore Maricel odmi a Dinplay wis Haa a Ti a Cieri relents Mare cedora It E required fields click on the Copy fields button then open the View a Tripi iiio Darg pr Hik i Time a Iris Hirka coders Ara width a Hpne eg angs wN a Pin ceras Biwi z el Builder for the new grid and click on Paste Alignment Right Fidessa O 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Customising the FTW Page 89 13 1 2 Filtering Orders By User and Group Order grids can be filtered so that only orders belonging to the logged in user other members of the user s group Either option can be selected by invoking the context menu on the grid and choosing My Orders or My Group s Orders My Group s Orders shift 0 Accessible Groups Orders Shit 4 My User List s Orders shift U Window There is a related option which is useful for head traders called Acce
63. ed in more detail later on Navigation of the FTW The FTW can be navigated in the following ways Using the Mouse The mouse is used in a similar manner to any other Windows application e Movement of the cursor allows the user to navigate to different FTW components e Left clicking on a component will select the option e Right clicking on a component will trigger a context menu Using Shortcuts There are a number of keyboard shortcuts that can be used to easily and quickly access commonly used grids and functions These are detailed in section 12 2014 Fidessa limited Fidessa ASX Best File Fidessa ASX Best User Manual docx User Manual Page 10 Getting Started 3 2 1 3 The Toolbar The Toolbar is the primary means of accessing grids dialogs and functions of Fidessa ASX Best The main components of the Toolbar are e Menus These include the File Market Data Trading Window and Help menus They group related functions grids and dialogs e Instrument Finder This field allows the selection of a specific product or instrument and in conjunction with a number of the controls to the right of it associated information of that ticker can be invoked IBHE AX TIP Right clicking on an alert button and e Controls These trigger various grids and some of them take the ticker within the selecting Customise instrument finder to pre populate the contents Examples are as below Control will allow th
64. en instrument Depth Detail It is possible to modify the level of order detail when viewing the Level 2 depth T Level 2 NAB AX NAB AX NAT BANK FPO NAB ASX Seg Ao El Pr Cls 3365 AUX Sector ISIN AUOOOOOONAB4 Last 3439 UT600 16 30 Sts OPEN Ind Hit Bid M l 3365 AT 4 822 Lift Offer aa 3439 Join Bid ail Join Offer 2 2 1 E T 3365 AT 11 it Open 3365 Exch Hi 3668 Exch Lo 3365 rades 240 heo Price T 3439 AT 1 Prey Vol Total wol Turnover FLAP Theo Vol Broker Bury Broker Sell Full Depth 33 semi sumimary Depth EE y summary Depth Views 10 050 A 10 051 2012 rei 15 259 012 c H ee a 1 O Market Data Enquiries Trading Exchange specific Highlighting Windows 2014 Fidessa limited Issue 1 6 Status Released File Fidessa ASX Best User Manual docx Market Data Page 79 These options are available in the context menu and are Full Depth Semi Summary Depth and Summary Depth The below shows the views in the respective order E Level 2 NAB AX nor E E Level 2 NAB AX af T Level 2 NAB AX Sm NAB AX NAT BANK FPO NAB Pr Cls 3365 NAB AX NAT BANK FPO NAB Pr Cls 3365 NAB AX NAT BANK FPO NAB Pr Cls 3365 sts OPEN Ind JWAP 3372 363 Total Vol 1 220 802 sts OPEN Ind WAP 3372 363 Total Vol 1 220 802 sts OPEN Es khim 5 p f p LJ Eu h Ir WAP 3372 363 Total Vol 1 220 802 Chg pen Exch H Exch Lo Exch Last hg foc hg Open Exch Exc
65. en subsequently creates it on the exchange and places it on the order book Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Exchange Traded Option ETO and Tailor Made Combinations TMC Crossings Page 53 8 Exchange Traded Option ETO and Tailor Made Combinations TMC Crossings 8 1 Introduction In ASX Best ETO amp TMC Crossings are subject to rules based on ASX Procedural Requirements for ASIC Market Integrity Rules for crossing derivatives ASX Best offers two types of automated crossing transactions e Two sided crossing e Cross with Book 8 2 Entering a Crossing 8 2 1 Two Sided Cross 1 To invoke an ETO Crossing from the Toolbar select Trading Market Orders Derivatives Crossing Trading Window Help TMC XC gt 4 MO Levelli BD Level PH TAs Market Orders Long Market Order Entry F5 Orders Virtual Market FS Quotes Multiple Order Actions Trade Reports Find Market Orders Trades Pending Market Orders Positions Derivatives Crossing smart Order Routing Trading Portfolio Consolidated Trading Portfolio Actrve Market Orders Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 54 Exchange Traded Option ETO and Tailor Made Combinations TMC Crossings The dialog can also be accessed from the Level 2 market depth with the market instrument
66. eporting E Find Search Text e f Contains C0 Starts With Search For Equities gt Australia ASX New Search El Include Deleted Instruments More Type 3 BHP is entered into the Search Text field and the Find Now is clicked Search results appear in the top pane E Find Search Text BHF f Contains f Starts With Find Mow Search For Equities Australia ASS Wew Search E Include Deleted Instruments More Type BHP BLT FPO BHP Australia 434 E quit FIM BHF BHP_APM As BHP BLT FPO APM BHP Australia AS FIKM BHF BHRABE Aa BHP BLT BOORKBUILD BAP Australia AS FIM BHF UBHF Ass BHP PLC UDA 1 1 UBHP Australia AS FIKM LIBE Type i t 4 records returned OF Cancel 4 After selecting BHP AX the trader clicks on the L button and repeat step 3 and 4 Then the OK button is clicked on 5 The sell radio button is clicked in the Find Trades dialog as well as the Last 7 Days option is selected from the date range drop down as below Fidessa O 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Trades and Trade Reporting L Find Trades BuySell Eind Trade ID C Both Buy f Sell W Show Linked Instruments Instruments BHF HABA Counterparties a Books Salesmer Dates W Use Dates Traded Date to Yesterda Last Days Cancel Apply Last 14 Days Last 30 Days r
67. erence Order Type Display Quantity ET BHP AX ASX MAIN 49 493 3367 Limit H Expiry Date Time Clearing Participant Trader Reference Peg Offset Stop Price Minimum Quantity Good until cancelled 4 SOR Strategy Name Info Capacity Trading Book Order Flags Agency al q Enter Hold Exit It is accessible from the Trading Market Orders menu Enter Trades The Enter Trades dialog allows the entry of a single or a multiple of single sided and double sided trade reports Common uses include the entry of Late Trades and National Best Bid and Offer Crosses or amp Settlement Date Fr Enter Trades Trade Type Direction Quantity Instrument Price Currency Counterparty Apt Destination Conditions Trade Date Cross y 150000 BHP AX 3200 AUX ASX NBBO 7 542142013 y 5 24 2013 y Book Client Contra Client Clearing Participant Contra Clearing Participant Info Add Clear Type Direction Quantity Instrument Price Currency Counterparty Rpt Dest Conditions Trade Date Sett Date Book Client Info Clr Part Delete Ready Cancel It is accessible from the Trading Trades menu TMC Entry This dialog is specifically for the entry of a new or pre existing Tailor Made Combination TMC It simultaneously allows order entry of that TMC as well L Enter Tailor Made Combination Instrument IPQF Ratio Limi
68. es Australia Ltd 40706 VIEW Bridges Financial Services Pty Limited AUTOY VIEW Petra Capital Pty Ltd 410708 40708 VIEW Y Morison Secutittes Pty Limited 40110 407110 VIEW Credit Suisse Equities Australia Limited 40111 40111 VIEW Berndale Securities Limited A0112 A0112 VIEW BBY Ltd 40113 20113 WIEN Cameron Stockbrokers Limited 4 F 200 records returned More records available Cancel Fidessa O 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Trades and Trade Reporting LO Emer Trades Trade Typa i Dariy rebut Paca Dumi idu Ma 1500 PAS y fx Dorig derd Cr Faan Gea jive P Delete Gheartity irrita Pace Coser Cortepar ApiDe a ELE Counterparty 4 Ensure that the Add button is clicked upon when the details have been added As in section 9 1 1 steps 3 and 4 clicking Add will result in the trade appearing in the main window of the dialog 5 Validate and submit the trade report 9 1 3 Report Destination The report destination can be modified within the Enter Trades dialog to ASX or Chi X CXA for both a single sided or double sided trade report gt Enter Trader Face T pos Decir Dui In rro Phare Caney Comunity Agi Deiro Cordio Teste Daia arig Cross far A a4 las A M ss pem o eon i Doris leer Liang prior Conta Cason P irda CH TT i a EMM f eh Ui ta Cini a asini Pre Come
69. essa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Tailor Made Combinations TMCs Page 47 7 Tailor Made Combinations TMCs 7 1 Introduction Tailor Made Combination TMC is a prescribed strategy with up to four component legs and any ratio of up to 4 1 All component legs of the combination will have the same price quotation and contract size e ASX Best currently supports these types of TMC s 1 Cash Only Combination 2 Derivatives Only Combination 3 Cash and Derivatives Combination e The component legs in each TMC executed in ASX Trade must be within the same ASX Trade partition range e Are entered and transacted in the Trade Match order book e Are automatically ranked and transacted according to price time priority in a similar way to single series orders e Can be partially traded minimum combination quantity is 1 7 2 Creating and Trading a TMC A TMC of up to 4 legs can be created This can be done within the TMC Entry dialog which is access via the Trading Market Orders TMC Entry menus Trading Window Help a O Levell BM Level2 Deep Market Orders Long Market Order Entry F5 Orders TMC Entry Quotes Virtual Nlarket F3 Trade Reports Multiple Order Actions Trades Find Market Orders Positions Pending Market Orders smart Order Routing Derivatives Crossing Issue 1 6 2014 Fidessa limited Fidessa Status Releas
70. est Status Released User Manual File Fidessa ASX Best User Manual do gt x window Market Data Page 85 L Trading Portfolio Main mF Al Market Trd phase Bid ol Hse Bid Ask ol Trade TrdS3z YAP TrdL Trdt ASX MAIR OPEN 10 000 1591 ANZ AX 1900 10 000 1900 7 876 1898 8505 1851 ASX MAIR OPEN 1 428 3580 BHP AX 4000 500 3570 100 000 3331 333 3000 ASX MAIR OPEN 1 663 6800 CBA AX 7130 54 7400 62 7231562 6800 ASX MAIR OPEN 0 0 CSLAS 6115 5 0346 m 6115 199 6105 031 5693 ASX MAT OPEN 5 027 1370 MAB AX 1900 2154 122 15m 1585 1 001 1898 252 1570 ASX MATR OPEN 10 000 5495 RIO AX 5496 10 000 5496 10 000 5508 045 5115 a rr 12 4 1 Adding Instruments When the grid is shown pressing the Insert button on the keyboard will invoke the Add Instruments dialog Clicking on the ellipsis will bring up the instrument finder or alternatively if the Fidessa tickers are known then they can be directly entered into the field showing Add Instruments Add Instruments Please enter the instruments to add to the Portfolio Monitor 12 4 2 Dynamic Lists A whole list of instruments can be added by invoking the context menu and selecting Portfolio Dynamic Lists Dynamic Lists Time amp Sales Range SEPLASX ALL AUSTRALIAN 200 Pa all Add Modify Remove Clicking on the Add Button allows the selection of an index and its constituents or a contract and a range of strikes expiries In the case of futures and option
71. etup with fallback values with different values for market orders and trades trade reports Capacity Agency or principal Market orders only Copy Origin From If the Origin field is blank the contents of the client reference or Info fields can be copied in to the Origin field If a user has not setup user fallback data the system default capacity of agency will be used for market orders and principal for trade and trade reports 15 4 Viewing Regulatory data on orders and trades Regulatory Data information may be viewed in Order and Trade grids by adding the following fields e Exchange trading capacity Market orders e Order origin Market orders Market Order Grids Active Market Orders All Market Orders Y Pending Purged Y CP Order Book Y Held Orders Pull Release Tick Up Tick De Al Time Instrument Market ID Vol ord Min vol Displat Order price Vol done Vol left Average pric Instruction Order flags Buy sell qu Exchange t i Ord origin Client Ref Co a 24 Jun 13 16 04 QBE AX ASX MAIM 500 000 1115 1 531 498 469 1115 LMT AG 8675309 JENNY 24 lin 13 14 MA MOG AY ACY MATME sn Mnn san asm AR ARR 2212 ASM IMT 4c we we Trade Grids Trade History All Today s Trades Executions Y Trade Repot Traded on Instrument c Trd vol Agreed price Client Ref Capacity Order origi Book Info Clearing Pt Traded agains Entered timestamp Owner Trade ID 24 Jun 13 21 04 4 MQG AX ASX 1 252 6501 ICE Agency ICE WAS
72. ewing TMCs 7 5 1 TMC Orders TMC orders can be viewed like other single instrument orders via grids like the All My Orders or All Market Orders These grids are described in more detail in section 4 3 L All My Orders Yol ord Instrument Instrument description Limit price Ccy Cpty Client Ref Clearing Info ee B 50 TMC_XJO_D_001_3K15 AX TMC 1 XJO13JUNF 3M vs 1 XJO13DECF 32 12 AUX UNKNOW blackrock 2 2E 16t DUE AX TMC_U0_D_001_3K15 Ax 191 AUX UNKNOW MATT TMC 1 CUOLJUNF 3M vs 1 0Jd013DECF 32 46 AUX FDSA XREF Underlying XJ0 AX 2m DUE AX Exp date 20 06 2013 220 AUX UNKNOW paz im DUE AX DUET FORUS DUE 220 AUX UNKNOW 20t QAN AX QANTAS FPO QAN 164 AUX UNKNOW 20t QAN AX QANTAS FPO QAN 164 AUX UNKNOW L All Market Orders A Amend Release Tick Up Tick Down Price at Market Resweep Order id Exchange orde Time Instrument Market Yol ord Order price Status Yoll Done Dis Client R blackro 00000288060YOAU1 56E1F18400018CF 05 59 08 WOW AX ASX MA Open 10 TMC OUO D 001 3K15 Ax 00000372401Y0AU1 5700E18300016F6 05 59 08 NTU AX gt 01 0 100 TMC 1 0U013JUNF 3M vs 1 0JO13DECF 32 td 00000372369Y0AU1 5700E18300016F51 05 59 08 NTU AX Underlying JO AX 0 1 Open 100 lowask 00000372337 OAU1 5700E18300016F3 05 59 08 NTU AX Exp date 20 06 2013 0 1 Open 100 lowask 00000372305Y0AU1 5700E18300016F21 05 59 08 NTU AX asx mam 100 0 1 Open 100 lowask 4 mi More lowask vr 7 5 2 TMC Trades and Prices
73. firm s orders that are on the Level 2 depth are highlighted in blue and contain the client reference when the grid is either in the Full Depth or Semi Summary Depth Issue 1 6 O 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 80 Market Data L Level 2 NAB AX NWABLAX NAT BANK FPO NAB Pr Cls 3365 Ind VWAP 3372 363 Total Wol 1 220 802 Sts OPEN Exch Last chg 04 2hg Open Exch Hi Exch Lo 2439 74 oe ee cl 22365 3660 2365 2 190 3440 4000 10 050 2 190 130 S440 4000 10 050 Odie 40000 1 10 it 12 2 Virtual Market The Virtual Market grid contains a consolidated price view of an instrument and its fungible equivalents on Chi X There are a number of unique views available to this grid to better see what and where the best price is The options available are e By Price and Exchange Order prices are sorted e By Price e By Price and Exchange Semi Summary 123 Option Matrix The Option Matrix grid as described in section 3 2 4 is an encompassing view of the options for an underlying instrument The Option Matrix is accessed from Main Menu Market data gt Derivatives gt Enhanced Option Matrix The grid is made up of four main sections Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Market Data Page 81 L Enhanced Option Matrix of BHP AX BHP BLT FPO BHP
74. h Lo Eng Open Exch Exch Lo 2 2 3365 3668 3365 3439 74 2 2 3365 2 2 3365 3668 3365 3440 4000 10 050 2 10 050 3440 4000 30 50 190 90 3440 4000 Ekaa 0000 1 10 051 95 3440 4000 10 000 10 1t SK e 3 623m EEE 40000 Als Esti Eje 40000 1 e Full Depth shows all orders on the order book There is no aggregating of different orders at the same price e Semi Summary Depth aggregates orders that are of the same price and sums the volume Orders belonging to the firm which are highlighted in blue are excluded and shown separately e Summary Depth is very similar to Semi Summary Depth however the firm s orders are included in the price aggregate but the line is still highlighted in blue 12 1 2 Market Data Detail The amount of market data shown on the Level 2 can be modified This can be accessed from the context menu and the options are within the View submenu There are 5 different options and they are e Small No trading statistics nor instrument information is shown only the touch prices and the order book e Medium Some trading statistics are shown like last trade change and total volume Touch prices and depth is shown e Medium trader Identical to the Medium view but scales the font to include more information e Large Includes full trading statistics for the instrument e Large trader Identical to Large but scales the font to include more information 12 1 3 Highlighting The
75. hange Traded Option ETO and Tailor Made Combinations TMC Crossings 8 2 2 Cross With Book 1 To perform a Cross with Book invoke the Derivatives Crossing dialog and select With Book as Cross Method You will also need to choose which direction to send your single order li Derivatives Crossing Cross Method 2 Populated the required order details and press the Enter button The crossing process will begin by sending out a Crossing quote request Status of the crossing will be updated to Quote Request sent mandatory wait in progress K Derivatives Crossing ES Cross Method First Instrument Quantity Price with Book a Sell 7 IZAM_O2100F4 AX 20 24 Buy Capacity Buy Book Buy Client Ret Buy Cir Participant Buy Info Sell Capacity Sell Book Sell Client Ref Sell Clr Participant Sell Info 3 After 15 seconds has elapsed the crossing will automatically proceed to transact against your order that is standing in the market Note If your bid or offer is executed fully or partially by another market participant the process will continue to show any remaining volume not executed on the order book for the 2 mandatory wait period of the crossing process and then cancel it from the order book Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Exchange Traded Option ETO and Tailor Made Combinations TMC Crossings Page 57 4 The
76. ialog 7 All Market Orders MS a Amend Pull Release Tick Up Tick Down Resweep Time Instrument Y Market ol ord Order price Status Code Yolleft Yoldone Displ Client Ref Clearir i 16 May 12 02 57 TMC_XJO_D_002_3 ASX MAIN B 9 5 Open 9 blackrock2 The user can then right click on the order and select the Market data Level 2 menu item to bring up the level 2 2014 Fidessa limited Issue 1 6 Status Released File Fidessa ASX Best User Manual docx Tailor Made Combinations TMCs Page 49 Fil Level 2 TMC_JO D 002 3K16 4X TMC 1 XJ013S5EPF 38 vs 1 XJ013DECF 3Z Id TMC_XJO D 002 Tick Size Refresh Depth THC p lt 7 3 TMC Overlap Warning A price overlap check is now available in ASX Best when entering an order in a new or existing TMC A TMC order has a net price and may also have individual leg prices so it is possible to perform multiple price overlap checks Where the combined TMC creation order entry dialog is used irrespective of whether a user specifies a net price or individual leg prices an order price overlap check will be performed against both the TMC instrument and the underlying legs Overlap warning will validate against positive zero and negative TMC theoretical TMC prices The TMC overlap warning will appears as Fr Enter Order for TMC_BHP_D_008_3U17 AX or Y Instrument IPQF Ratio Limit Price Bid Size Bid Ask Ask Size Last J EHF ELT FPO BHP Jun 14 41 Call QM v1 BHPIAN p Tf 1 0
77. id for each one 12 5 2 General Filtering The grid can be filtered in a number of ways through the use of the fields and controls at the bottom Criteria like price volume time or type of trade can be used to modify what trades appear Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 88 Customising the FTW 13 Customising the FTW 13 1 Grids 13 1 1 View Builder The View Builder allows additional information to be added to grids like the Active Market Orders or the Trading Portfolio Fields can be searched for from the Available Fields pane and can be added to the grid by either using the Add button or clicking and dragging to the Selected Fields pane ViewBuilder Available Fields Selected Fields Settings FW House Summary Report ID FW Market Data Buy sell Trade report details E Managed Order Trade id Trade Reports Market Data Trade status Other order related Instrument view code Trade report details Static Data Counterparty view code Trade report details Trades Volume Es Trading Positions Price Vertical separator line Report capacity T Label Report text Report status Report acknowledged by Version number Trade Reports E E E dd dd E 8 E o Y o e e o o e e e D Cancel Apply y When individual fields are selected within the Select
78. ield From this point details of the set of clearing parameters can be modified and then clicking the OK button will save the changes 14 2 4 Defaulting a CCID CCID s can be defaulted so that they do not need to be manually entered when creating a trade report or an order This is achieved through clicking on the Default checkbox from within the Clearing Details dialog Fidessa ASX Best User Manual 2014 Fidessa limited Issue 1 6 Status Released File Fidessa ASX Best User Manual docx Clearing Participant Identifiers Page 95 Trading Participant Clearing Participant Fy mini Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 96 14 2 5 14 3 Fidessa ASX Best User Manual Clearing Participant Identifiers Deactivating a CCID If the CCID is no longer required then it can be deactivated and will no longer be accessible from the clearing participant field within the order and trade report dialogs This is done by selecting the CCID in question then unchecking the Active checkbox Lo Clearing Dieta ef ta Common Cierra M0 lp Ceara het dis 4 i i 4 a E ere i Trading Paria r ng Prot Applying CCIDs to Orders and Trade Reports CCIDs can default but alternatively can be applied if the default is not suitable This is possible on both order and trade report entry Fr Enter New Order E BHP BLT FP
79. in relevant information The View Builder dialog allows the user to add this additional information Invoking the context menu right clicking on many of the grids and selecting Window View Builder will invoke the following dialog ViewBuilder Available Fields Selected Fields Settings FW House Summary Report ID FW Market Data Buy sell Trade report details Managed Order Trade id Trade Reports Market Data Trade status Other order related Instrument view code Trade report details Static Data Counterparty view code Trade report details Trades Volume Trading Positions Price Vertical separator line Report capacity T Label Report text Report status Report acknowledged by Version number Trade Reports E 000000000000 Cancel Apply p 2 3 Setting Preferences 2 3 1 Settings A number of application wide user specific settings can be altered within the Settings dialog It can be found in the File menu under the Settings menu item TIP Setting Sticky _ Settings windows will help Ep Application Settings Printing H Alerts f Always print in colour align grids When E Order Management a a checked grids will E Market Data Always print in black and white automatically snap to E Market Orders f Use printer default settings a border or another Data copying grid when placed Include co
80. its are accessed from the Main Menu Trading Risk Management Risk Parameters Selecting this option will present the following grid fink Parsireriere lor ALL LEER indy Cole Rem Dre Mira lrwel razon Ticks Pi Aii ERA The entities section on the left of the grid relates to all available users for you firm Entity Code groups can be expanded by double clicking the left mouse button Entities are compiled as e ALL_USER selecting this option would allow setting limit parameters for your whole firm e ASX _HEADOFDESK selecting this would set selecting this option would allow setting limit parameters for the group HEADOFDESK users or by expanding this each individual HEADOFDESK user e ASX_DEALER selecting this would set selecting this option would allow setting limit parameter for the group DEALER users or by expanding this each individual DEALER user The Entity Structure has the following order of precedence e ALL users L Usergroup L Username 6 5 Parameters amp Hierarchy The parameters section on the right of the grid relates to all available limits for the firm groups or users Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Pre Trade Limits The parameters structure has the following order of precedence fink Parae lor ALL LEA Rem Dreri Mira level razon ALL instrument types L Instrument Type L Exchange L
81. ity and Book User Preferences Remove any book or capacity preferences set in the User Preferences grid as shown below Trading gt Market Orders gt User E User Preferences AS B Market ID Inst Mo Book Type Yol Display Flags Trader ref Cap 0R Type Yol Display Cap Trader ref ASX MAIN Long WASH AG AG L Amend Market Preferences E Market Entry mode Route ASX MAI N Long c Aggressive Order type a SDA type Passive Quantity Display quantity Trader reference SOR requested Order type Quantity Display quantity Capacity i oy Trader reference SOR requested SOR type Virtual Capacity Markets Enter Exit This functionality is replaced by user fallback functionality detailed in step 3 15 2 Upload client Regulatory data The population of regulatory data is driven by the value in the Client Reference or Info field Once the below data is uploaded typing a client reference or info value will automatically populate regulatory data in market orders and trade reports sent to the exchange Default capacity and origin values for a client reference or Info value can be uploaded using the below grid found under Trading gt Market Orders gt Regulatory defaults Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 100 Regulatory Data Set up _ Regulatory
82. k ol Trade Trd3z YM min tr YM trd XASX 8 558 3003 3365 9 707 3360 229 1000 CHI 0 3361 93 3361 50 0 DO 0 0 To access the Virtual Market grid please refer to section 3 2 2 4 2 7 Trading Menu The Long Market Order Entry dialog can be accessed as described in section 3 3 1 4 2 8 Shortcuts The Long Market Order Entry dialog can also be invoked through the F5 shortcut for a buy market order or F9 for a sell market order 4 2 9 Using the Long Market Order Entry Dialog This dialog allows the entry of orders directly to the market The dialog is sensitive to what market the instrument belongs to and adjusts order types tick sizes order conditions and expiries accordingly When the dialog appears pressing the Tab key on the keyboard selects the next field for data entry Pressing the Enter key in any of the fields triggers validation of the entered order details and if it passes various checks like order consideration and price threshold the order is submitted to the exchange The submitted order will also be visible and highlighted in blue within the Level 2 grid Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 26 4 3 4 3 1 _ Level 2 NAB AX NAB AX NAT BANK FPO NAB ASA Seg Sector ISIAH Last 2153 ATi 17 10 Sts PEM Ind TSS OPEN aes 2133 AT 1 2153 AT 32 2153 AT 11 Open 2153 Freu Wal 0 Exch Hi 2
83. lled st Order state Order st Status Worked Instrument Market Yol ord Order 56D9818100023B5 05 55 45 L Open ANO AX 5704BA0200048D Amend 5700E1C20001D0 AAD AX 5 000 Pull Order 5700E1C20001CFI AAD AX 5 000 5700E1C20001CDI Tick Up AAD AX 5 000 5700E1C20001CCI Tick Down AAD AX 5 000 5700E1C30001FDI Co Dyn GSBA18 AX 15 000 5703B 1830001862 Disassociate from Client Order PCL AX 55 000 5700E1C30001E8E GSBG20 AX 10 000 5700E1C30001EC Find Market Orders GSBG20 AX 10 5700E1C30001FDI View Execution Details for This Order GSBG20 AX 10 000 56F9D9840001C5 View Audit Histo ry CAG AX 10 56E7918400022FA PRR AX 4 865 User Preferences 56D9381840001F8F AYG AX 100 56F001840001CBE Market Order Summa ry AYG AX 400 570249840002122 Track AAQ AX 50 000 000 rac 570249840002113 AAQ AX 125 001 570249840002 103 Market Data AAQ AX 50 000 570249840002100 Enquiries AAQ AX 50 000 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Exchange Specific Issue 1 6 O 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 32 Orders When the option Find Market Orders has been clicked on the below dialog will appear Fit Order Finder BuySell O Active Orders O ADR Inst Mkt U Both f Buy C Sell O Completed Orders C Equity Marker 0 O Held Orders O Fized income a i See O Rejected Orders O Future OF a CI User Notifications OGER Order Id User Po O O
84. lumn headers adjacent Include hidden data Prompt to save desktop on exit W Automatic tracking a le Sticky windows OK Cancel Apply Issue 1 6 O 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 12 Getting Started 2 3 2 Desktop Management The FTW is highly configurable so that a user can modify what grids and dialogs are shown what columns are presented and where they are placed on the screen These modifications can be saved in a Desktop and loaded as the user wishes When the user has styled their desktop it can be saved by selecting the File menu and clicking on either the Save Desktop or Save Desktop As menu item depending if a completely new desktop or a modification to one is to be saved File Market Data Trading Window Mew Desktop Open Desktop Close Desktop Save Desktop As selecta name forthe new desktop file Qu m ko asxpte amp My Documents Fidessa Search Fidessa P Organize New folder ied a tas Marne Date modified Type EZ Desktop m ReportsContig 4 30 2013 1 55 PM File folder m Downloads Je ReportsDownload 3417 2013 2 27 PM File folder E Recent Places DamienTest FWS 3 14 2013 L04 AM FS File Dealer FWS 3 13 2015 9 33 AM PMS File Libraries Documents a Music E Pictures E Videos E Computer po Um BI 1 File name Save as type Desktop file fws Hide Folders
85. members The quote request will then appear in the Outgoing Quote Requests grid which is accessible from the Trading Quotes menu Fir Outgoing Quote Requests A Yol Instrument Entered by Status Market ID Error text E 15 XJ0_FM3 AX _AsxDealerall4 Live ASX MAIN SUCCESS BHPAM_01500L3 4 AsHHeadOfDeskalli Live ASX MAIN SUCCESS BHPAM_0O1500L3 A AsxHeadOfDeskalli Live AS3 MAIM SUCCESS BHPAM_OF100F5 4 AsxHeadOfDeskalll Live 452 MAIN SUCCESS mr 4 12 Smart Order Router SOR 4 12 1 Entering an order to the SOR Fidessa ASX Best has the ability to intelligently route orders to the ASX and Chi X for a chosen stock via the Smart Order Router SOR component The way in which the SOR performs this is driven by the strategy that the trader chooses The trader has the ability to choose whether the order is sent to the SOR or not via the Long Market Order Entry dialog Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 36 Fidessa ASX Best User Manual Orders i a ar Faltan aria Th sary MESE Paton a Rela MU pa E ein Dory Smart Order If Smart Order is chosen from within the SOR field then the user has the ability to choose from a number of different routing strategies This can be done by clicking on the ellipsis k from within the Strategy Name field F Long Market Order Entry 3 BHP BLT
86. mit breach will provide a highlighted warning will not allow an order to be submitted to exchange venue Example of Soft Limit Breach for single series trade Confirm Ignored Warnings 3 critical warnings ignored 1 Onder volume 2000000 exceeds the warming ima 1000000 2 Onder considerabion 73000000 excemds the veering ime 500000 3 Order pice denabion 31 00 licks exceeds the wacrang ert of 10 cks trom thet bad price ve C e Example of a Soft Limit Breach for a combination trade E Enter Tailor Made Combination Ag x Instrument IPQF Ratio LimitPrice Bid Size Bid Ask Ask Size Last e EMG BANK FPO CBA Dec 13 4301 Cal EU CBA13 gt 1 1 69 0 x o 69 x 50 lo e EMG BANK FPO CBA Dec 13 4401 Call EU CBA13 J T 1 1469 0 x o 1469 x 40 lo E Quantity Net Price Client Ref Info Clearing Participant 1600 Price y fa of 3 CRITICAL Order consideration 1600 exceeds the waming limit 1000 Fidessa O 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Pre Trade Limits Page 41 Example of a Hard Limit Breach L Long Market Order Entry e BHP BLT FPO BHP 3619 3620 Instrument Market Trading Quantity Limit Price Client Reference Order Type Display Quantity Buy y BHP AX ASX MAIN 100000055 3565 LMR Limit Expiry Date Time Clearing Participant Trader Reference Peg Offset Stop Price Mi
87. nderlying instrument favourites Configure Stock Chooser Buttons Buttor 1 ASKAK E FPO A545 ze Button 2 i BHF ELT FPO EHF Button 3 Button 4 Button 5 Button 6 Button 12 3 3 Expiry Buttons Buttons that present call and put series for a particular month can be created for quick access Bringing up the context menu and selecting Window Expiry Buttons Issue 1 6 O 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 84 Market Data Leal Limni 1 Hia Bod Lift Offa 5 Tracker Laan Ped a ssup Lor Cp x L Epa Eater Cette Reged FL ie Buddi peto etal A Gsviks Cabeulito Firin Colne Alegn Cabar Refresh Depth Tak PB ral att a Def Exp ry Hilari j Renee Parcel Mi r orar E Pereme Panal Tret brida Reis Detit Sha pa Drees Corra Tirar Comparta Tricio i Expiry Buttons 1 o Ei E E pii a A A ii i de iii i e MO Jun 013 Sep 2013 Dec 013 Jun 014 Dec 014 Multiple expiry months can be opened by clicking on each of the corresponding buttons 12 4 Portfolio The Trading Portfolio and the Consolidated Trading Portfolio grids allow the tracking and monitoring of a chosen selection of instruments TIP A tabbed list of portfolios can be created by clicking and dragging on Mio ASX B
88. ng Trade Reports menu L Trade Reports oT ersion Instrument Exchange volume Price Status Report status Amended by 7 1 BHP AX ASX 100 3 250 Entered Acked By Gateway AsxDealerAll4 ASX Entered No Report ASX Entered No Report The trade will appear in the Time and Sales grid if it was reported to the exchange Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 64 Trades and Trade Reporting L Time and Sales BHP AX YW Yol Bid Ask 3469 3420 Trade TE WAP 3381 Xx Inst ReceivedTime TrdTm Size BHP A2 16 May 09 45 09 45 10m IT e Instrument Portfolio C Custom Price Volure JBHP An Instrument Only Mir bane hi has Display Filter Start Toda m 2 End Today m Reset 9 4 9 4 1 Cancelling a Trade Cancelling a Single Sided Trade Cancelling a single sided trade can be done from the same grids described in 0 the Trade History and All Today s Trades grids u Trade History Instrument Counterparty From To Book Entered at Status Book Instrument Trd vol Agreed pri Type Ccy Client Ref Clearing Info Traded agai Traded on Owner Trade id 16 May 12 29 3 4 Cancelled Lif PROP BHP AX 3 361 Gross AUX 2 FDSA 16 May 11 14 2 asxtest1 00000010531TRAU1 16 May 12 28 5 Entered 3 oo Gross FDSA 16 May 11 14 2 asxtest1 00000010530TRAU1 16 May 12 27 1 EFCancelled 3 bis Deti Gross FDSA 16
89. ng Participant Info 1 Price Currency Counterparty Rot Dest Conditions Trade Date Sett Date Book Client Info Cir Par if selected Direction Buy Client will be Buy Client Ref Contra Client will be Sell Client Ref 8 Click on the Add button The trade report will appear in the main window pane of the dialog 9 Click on the Validate button and then submit The trade report will reflect the ITN within the Trade Reports grid Also note that there is no entry in the time and sales Fi Trade Reports Exchang Volume Price Status Report status Amended by Report text ASX X im 3 365 Entered Confirmed By Them dnitial Trade asxtesti 4 Ww 10 Invoke the Block Trades dialog by going to the Trading Trades menu Note that the trade appears in this grid Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Initial Trade Notification ITN Page 73 L Block Trades Ej Status Book Instrument Block volu Type Set Perc Traded against Trade b Traded on Owner Report status Block ty 3 365 Gross AUD 0 00 ASXTEST 17 May 10 06 asxtest1 Confirmed By Them Initial Trade ASX_BSC_ Entered iH PROP 3 365 Gross AUD 0 00 ASXTEST 17 May 10 05 asxtest1 ASX_BSC_1 Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 74 Fidessa ASX Best User Manual Initial
90. nimum Quantity Good until cancelled v SOR Strategy Name Info Capacity Trading Book Order Flags Aa Bw df af al Enter Hold Clear 6 3 Types of Checks 6 3 1 Order Price The new price tolerance limits uses the following set of market data to determine an instrument s reference price IAP price Indicative auction price Best Bid Ask Bid for buy orders amp Ask for sell orders Last trade Last close YS The new price tolerance mechanism has the flexibility to allow a user to specify a percentage tolerance a tick tolerance or a combination of tick and percentage tolerances A Price Threshold value is specified to control the price tolerance behavior as follows Tick tolerance lt Price Threshold lt Percentage tolerance 6 3 2 Order Consideration For all asset classes order consideration is calculated as the below where the instrument consideration factor is equivalent to the ASX instrument price quotation factor Order quantity x order price x instrument consideration factor Note the consideration factor for most equity only instruments in 1 6 3 3 Order Volume A new parameter has been introduced to define a soft limit for the maximum order volume a hard limit also continues to apply Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best User Manual File Fidessa ASX Best User Manual docx Page 42 Pre Trade Limits 6 4 Entities and Hierarchy Lim
91. ns Options A5 Call Call Put F Expiry Yol Bid Offer Yol UoT Tot Yol Tot Yol Strike Tot Yol Tot Yol UoT Yol Bid E DEC 13 101 1 y 101 CETER 101 101 1851 101 DEC 13 101 1901 Y 101 3 101 1951 101 101 2001 101 DEC 13 101 2051 101 101 zi 101 y 4 REST FPO NCM EU v1 Options Options 4 European Options NEWCREST FPO NCM EU v1 NEWCRESTFPO NCM AM Options Options 83 Dec 2013 NEWCREST FPO NCM EU Options Options AD NEWCREST FPO NCM Mi v1 Options Options 45 Call Call F Expiry Yol Bid Offer Yol Tot ol Tot Yol Strike Tot ol Tot ol UoT iT T DEC 13 z d 101 1801 101 J 101 1851 Y 101 DEC 13 101 1901 Y 101 101 1951 Y 101 ana priate d aF ana hi 4 mr F E 3 A E es REST FPO NCH EU v1 Options Options A Related Contracts Show All Strikes val Gq ta ET Contract Bid Description BidYol Bid Mnem S Ask AskYol Contract Ask Descripti 4 mr t Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Market Data Page 83 Non Standard not 100 contract sizes are viewed and displayed as a different version noted with a v Amencan Options NEWCREST FPO NCH ons Options 45 12 3 2 Toolbar Buttons Additional buttons can be added to the grid which allow quick access to options for another underlying instrument Invoking the context menu from Right Click in Section 1 Window gt Toolbar Buttons And keying in u
92. o Sweep smart LIM order to B 1000 3467 0 GTC BHP AX using strategy Lit Only Price SOR candidates linking criteria SOR AU0000006BHP4 AUX suitability criteria LET SVEEP SOR candidates BHP AX BHP_4SPM AX BHP CXA SOR virtualdepth 67303400 0 BHP CXA 323618 503466 0 BHP AX SOR algo using pivot price 3400 0 in BBO sweep SOR surplus distributing volume 327 to BHP CXA SOR child Created LIM order to B 100003400 0 IOC as AG for BHP CXA DIRECT SOR multisweep sweep complete 327 remains resweeping after 200ms SOR mulltisweep execute sweep 2 resweeping remaining quantity of 327 SOR candidates linking criteria SOR AU000000BHP4 AUX suitability criteria LIT SWEEP OR candidates BHP AX BHP_APM A4X BHP CXA SOR virtualdepth 3236 13 03466 0 BHP AX SOR algo using pivot price 3466 0 in BBO sweep SOR surplus no volume to distribute SOR child Created UM order to B 327 03466 0 IOC as AG for BHP AX DIRECT SOR algo Children complete Eliminate no outstanding volume The audit trail can be accessed by invoking the context menu from the order grids and selecting View Smart Order Audit Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 38 ASX BookBuild 5 ASX BookBuild ASX BookBuild is a trading facility where capital raisings of listed companies can be priced and allocated All ASX trading participants can participant by placing BookBuil
93. ode Microsoft Excel obs File Home Insert Page Layout Formulas Data Review View Developer Add Ins a Q o ep 2 Arial 8 ES y Fe Conditional Formatting 3 Insert ly Aw A Y v E A CER ra Y E Ba y 5 Format as Table 3 Delete ME 4 as by A Riser ver 3 Sot amp Find amp g BLUE t yy 8 E Cell Styles El Format gt 2 Filter Select y Clipboard Ta Font Alignment Number Styles Cells Editing Fidessa Trade Invest Inform Erter defaults Regulatory Defaulting Data Spreadsheet CLIENTA1 CLIENTB2 PROP1 Default Origin ATORIGIN B2ORIGIN 4 gt gt Overview Regulatory Defaulting Data 2 T Ready 2 JE 100 Note Note The inclusion of an existing Client Reference Info value will over write any previously loaded defaulting data Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 102 Regulatory Data Set up 15 3 Setup user fallback data When a user enters a client reference in to an order or trade report dialog that has not been setup in the above Regulatory Defaults grid the user s fallback regulatory data will be used This can be setup in the below grid found under Trading gt Market Orders gt User Fallbacks User Fallbacks mA G Market Orders Capacity Agency Copy Origin from Client Reference w Trades Capacity Copy Origin from Two fields can be s
94. ommon Clearing ID is required Please see section 14 for further details 9 8 Example Late Trade 1 Invoke the Enter Trades dialog from the Trading Trades menu 2 Enter Broker within the Trade Type field 3 Enter the direction quantity instrument price and executing counterparty of the trade 4 Inthe Conditions field click on the to invoke the flags dialog and select the Late Trade LT flag Click OK 5 Click on the Add button The trade should then appear in the pane at the bottom of the dialog 6 Click on the Validate button to trigger trade checks then click again to submit the trade 9 9 Example NBBO 1 Invoke the Enter Trades dialog from the Trading Trades menu 2 Enter Cross under the Trade Type field Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Trades and Trade Reporting Page 71 3 Enter quantity instrument and price 4 Inthe Conditions field click on the to invoke the flags dial d select gs dialog and selec National best bid and offer NBBO flag Click OK 5 Click on the Add button 6 The trade should then appear in the pane at the bottom of the dialog Click on the Validate button to trigger trade checks then click again to submit the trade L Enter Trades j Trade Type Direction Quantity Instrument Price Currency Counterparty Rpt Destination Conditions Trade Da
95. one Vol left Average pric Instruction Order flay Buy sell qualifier 23 Jun 12 49 15 DUE AX ASX MAINES 2 1 469 243 1 375 94 243 LMT S 23 Jun 05 56 18 ANZ AX ASX MAINGJ 2 500 3200 2 498 3200 LMT Trade flags Exct L 144 Any short sell trades will display an SS trade flag ee KARAN 4 2 4 Entering an order from Trading Portfolio Double clicking on the Bid or Ask field within the Trading Portfolio grid will invoke the Long Market Order Entry dialog Issue 1 6 O 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 24 4 2 5 4 2 6 Fidessa ASX Best User Manual Orders L Trading Portfolio New ma e Market Trd phase BidYol Hse Bid Instrument Ask Hse AskYol Trade TrdSz YWAP TrdL TrdH ASX MAIK OPEN 1 909 229 230 DUE AX 235 212 9 4622m 235 1 060 234 693 230 235 ASX MAI Pre Open 5 8878m 550 TLS AX 508 40 000 550 4 000 550 550 550 ASX MAIN OPEN 47 478 170 QAN AX 173 5 1 651 170 47 173 68 166 180 ASX MAIN OPEN 8 558 3003 BHP AX 3365 3365 13 151 3360 253 1366 162 3245 3470 To access the Trading Portfolio grid please refer to section 3 2 7 Entering an order from Level 2 Double clicking on the Level 2 will invoke the Long Market Order Entry and depending where in the grid the double click was performed will default fields like trading quantity and or the limit price L Level 2 BHP AX BHP AX BHP BLT FPO BHP Ss Sector P
96. pe Display Quantity hd ANZ AX 4 ASX MAIN 3381 Limit Expiry Date Time Clearing Participant Trader Reference Peg Offset Stop Price Minimum Quantity Good until cancelled X 3 Strategy Name Info Capacity Trading Book Agency X Enter Hold Clear To invoke the Select Flags dialogue xi General Ir Average price sweep APS Override consideration limits OCL Sell side to cover SSC TEE E T 101 Eligibility C 10I sensitive ISEN No external IOI NEXI Default Limit C Do not increase DNI C Do not reduce DNA C Do not increase or reduce DIR Default Market Advertisement Flags No advertisement NA No advertisement for 2 days N42 P No advertisement for 4 days NA4 No advertisement for 1 day NA1 No advertisement for 3 days N43 7 No advertisement for 5 days NA5 Order Attributes M PatC takeover C Notify warning w 7 Dark limit DLT Short sell S 7 Mid tick limit MTL TF Single Fill MAQ SFM Price stabilisation T T Centre Point Preference and Kill PFO Regulatory Fields No regulatory data NAD Short sell Compliance Brokerto cover BTC Buy side to cover BSC Default C Buy side exempt BSE Naked short sell NSS Smart Order Routing Directed order DO Smart routed order SO Default Trigger Type CO Ask ITA Last trade ITT Bid ITB Default Cancel 4 2 2
97. ption a f My Group s Orders Filled Orders Only Ol Strategy C Accessible Groups Orders Lon JE Client Ref User List s Ord Third Party Orders ser List s Orders Cancel Apple The dialog allows orders to be searched according to a single or number of criteria such as order state instrument asset class etc When criteria has been added and the OK button clicked the search results will appear in a grid as below E Matching Orders Found Order id Yol ord Price Status Code Ccy Instrument Market id Error text 00000004425Y0AU1 500 2 153 El open AUX NAB AX ASX MAIN SUCCESS 4 7 1 Example An example is as follows 1 A head trader wishes to find all completed cash orders sent to Chi X for the client TW 2 Head trader brings up the All Market Orders grid invokes the context menu and selects Find Market Orders 3 The OK button is clicked 4 The dialog is filled out as below Fir Order Finder Bur Sell OJ DA InsthMkt Ill E poh bw Csa Completed Orders Equity Market ed Owner O ne Orders 0 Fixed income Monos e C Rejected Orders O Future O User Notifications 0 GDA Order Id User z O Option ES My Group s Orders Filled Orders Only C Strategy Accessible Groups Orders a PE Client Ref les inte ture Third Party Orders ser Lists rders Cancel Apply 5 The OK button is clicked 6 The Matching Orders Found dialog appears and shows the below result
98. r Carepa Hpi Deen Cordon Crem E BDO EFE IED ALEA at Apt Destination E Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best User Manual File Fidessa ASX Best User Manual docx Page 62 Trades and Trade Reporting 9 1 4 Trade Report Types Certain ASX trade report types like National best bid and offer NBBO and Late Trade are designated by flags These flags are found within the Conditions field in the Enter Trades dialog TIP The trade report n iar HEADS tH H types available from the Conditions field will dynamically change depending if an ASX or Chi X report is being entered Conditions l l The below table describes the most commonly used trade types and the corresponding flags that are required IN MI a IND IE IN E 9 2 Customizing Fields in the Enter Trades Grid Fields in the central grids of the Enter Trades Grid may be customized via Window gt View Builder This may be to add a field for example Mnemonic Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Trades and Trade Reporting Page 63 9 3 Viewing a Trade Trades can be viewed via the All Today s Trades or the Trade History grid which is accessible from the Trading Trades menu Trading Window Help gt Level El Level Tas Market Orders gt farket Status Failed Trade Reports Mar Order
99. r Cls 3398 ISIN AUDOOOOOBHP4 33960 X3 12 44 Sts OPEN Ind ED T35 OPEN 155 OPEM 3365 AT 278 3365 AT 137 3365 AT 21 Open 3399 Prey Wol a Exch Last Exch Hi 3470 Total Vo 2 229 225 Change Exch Lo 3245 Turnover 37 893 785 Change Trades 444 Vou Ap 3366 161 Tick Size Theo Price o Theo Yo a 32360 4 257 To access the Level 2 grid please refer to section 3 2 1 Entering an order from Virtual Market Similar to the Level 2 grid double clicking on the depth of the Virtual Market grid will invoke the Long Market Order Entry dialog In addition to this double clicking on the bid and ask prices that represent the touch prices on the other relevant fungible markets will also bring up the dialog O 2014 Fidessa limited Issue 1 6 Status Released File Fidessa ASX Best User Manual docx Orders Page 25 gt Virtual Market BHP AX FI o BHP AX BHP BLT FPO BHF Pr Cis 3398 AUX PM Inst BHP AX PM Seg ISIN AUOODODOBHP4 Last 3360 229 12 54 ASX PM Sts OPEN Ind PM TSS OPEN PMISS OPEN 3365 AT 500 3365 AT 500 369 AT 332 3365 AT 166 As ASE ASE ASE Trade Hi 3470 ASX PM Open 3399 LAT W3365 ASX 38 Trade Lo 3245 ASM VAP 33 653 LAT Hi 3470 ASA 1 12 0 Trades 358 WWWAP Wol 1 0014m LATLo 3245 ASA Total Vol 2 233 994 Prey Vol 0 Unecring O Lince Vol MAS 8559 8 558 3361 08 xasx 15 3905 65 837 3362 176 274 3363 47 azi 3365 0 707 10 028 3366 21 926 31 954 3366 360 20 able 3367 14 104 46 418 3367 572 Pla Bid ol Bid Ask As
100. rade Type Direction Quantity Instrument Price Currency Cross 100 BHP AX m 3299 2 AUX ASX y 15705 2013 E 20 05 2013 e Contra Client Clearing Participant Contra Clearing Participant Type Direction Quantity Instrument Price Currency Counterparty Rpt Dest Conditions Trade Date Sett Date Book Client Info Clr Part Delete Ready Validate Cancel 4 This will result in the cross appearing in the main window of the dialog Multiple trades can be entered from this single window Li Enter Trades e Trade Type Direction Quantity Instrument Price Currency Counterparty Apt Destination Conditions Trade Date Settlement Date Book l Apply Reporting Rules cS Apply Reporting Rules Conditions Trade Date Sett Date Book Client Info Clr Part Delete Type Direction Quantity Instrument Price Currency Counterparty Apt Dest 15 May 20 May Cross og 100 BHP Ax 3299 AUX ASX Ready Cancel 5 Validate and submit the trade report 9 1 2 Singe Sided Trade Report 1 A single sided trade report can be entered via the same dialog described in 9 1 1 The option of Broker will need to be chosen within the Trade Type field E Carey Carimi Ral Dertraten Coco Time Dia Sete Cite a a a a a tal ee Chore lets ChFae Deedee Gart inctrumont Pree Omme Cinmrdmepsart age Comet Careia Tri Data im Dae Es Trade Typ
101. rests unfilled order volume on a trader nominated venue while the SOR watches for and automatically attempts to take new liquidity appearing on other lit venues Each strategy contains a pre defined set of parameters that determine the behaviour of the ASX Best SOR during the sweep and reflect stages 11 1 1 Lit Only speed Sweeps the lit venues at the parent order limit price to achieve fastest execution possible within the order limit price It will re sweep up to three times to take advantage of new liquidity and refreshed iceberg orders After the sweep stage the reflect stage posts any unfilled order volume to the primary market defined per order while the SOR continually monitors the other lit venues for appearance of new liquidity to trade against 11 1 2 Lit Only price Sweeps the lit venues at the current NBBO market price waits for 200 milliseconds then re sweeps at the new NBBO market price taking advantage of new and hidden liquidity before moving on It will re sweep up to ten times After the sweep stage the reflect stage posts any unfilled order volume to the primary market defined per order while the SOR continually monitors the other lit venues for appearance of new liquidity to trade against 11 1 3 Dark Then Lit speed Single aggressive lOC FaK child orders are generated one at a time and distributed to dark pools sequentially Once the dark pool liquidity is depleted the order is sent as a Lit Only speed s
102. rket to limit Sweep limit Sweep mkt to lirit Undisc limit Unidise join Undisc mkt bo limit An Iceberg order type is entered by populating a Long Market Order Entry dialogue Trading Quantity is the full volume of the Iceberg order Display Quantity is the volume slice displayed to the market BHP BLT FPO BHP 26202628 Instrument Market Trading Quantity Limit Price Client Reference Order Type Display Quantity feu y BHP AX ASX MAIN 25000 3635 5000 Expiry Date Time Clearing Participant Trader Reference Peg Offset Stop Price Alisa z 4 Good until cancelled X SOR Strategy Name Info Capacity Trading Book Order Flags YI aoo Ped af Enter Hold Clear An Iceberg order is denoted in market depth with I denoting an iceberg type order BHP BLT FPO BHP ASX Seg Sector Last 635 AT33 10 34 Sts OPEN TSS OPEN 2645 AT 924 2645 Open 3897 Prev Vol D Exch Hi 3897 Total Vol 21 655 Exch Lo 3635 Turnower 809 277 Trades 30 YWAP 37 37 138 Theo Price o Theo Wol O un Yo O o mn FP con LA Bn co D CO in a Issue 1 6 O 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 22 Orders 4 2 1 Selecting Order Flags Available order flags may be selected from the Order Flags field ANZ BANK FPO AN 3379 3380 Instrument Market Trading Quantity Limit Price Client Reference Order Ty
103. ross AUX MWSM 22 May 16 54 4 asxtest1 4 y WW N N N NH N NH N NH NO Press the button te 13 1 4 Duplicating Grids All grids have the capability to be duplicated so that different filtering and displays of information can be presented from the same type of grid Especially useful for Level 2 market data or trading portfolios with a differing selection of instruments Invoking the context menu and selecting Window New Window will produce a duplicate of the existing grid 13 2 Criteria 13 2 1 Filtering Grids Grid contents can be filtered by specific criteria to display information to the trader s needs The ability to do this is found in the context menu option of Window Criteria 12 2 1 1 Order Filtering The filtering available on order grids like Active Market Orders and All Market Orders appears as below Fil Order Filter Filters Advanced 0 Active Orders O 4DR Hun O Completed Orders O Equity Both C Buy C Sell 1 Held Orders O Fised income 1 Rejected Orders O Future C User Notifications OGDARA O Option O Strategy Groupe le hy Orders f My Group s Orders f Accessible Groups Orders f User List s Orders Market Filled Orders Only Hide Automated Orders Third Party Orders Dates Use Dates A S S Sa Cancel Apply Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual doc
104. s Quotes Trade Reports Positions Broker Sell Smart Order Routing Client Buy Client Sell Book Transfer Enter Trades Find Trades Allocator All Today s Trades All Today s Trades for Instrument Trade History Block Trades Trades Report Download L All Today s Trades ME Status Instrument Trd vol Agreed price Type Traded against Client Ref Clearing Info Traded on Owner Entered BHP AX 100 3 280 Gross UNKNOWN blackrock 35456 16 May 09 40 35 AsxDealerAll4 Entered WTF AX 33 553 Gross ASX 2 16 May 06 00 03 MMA_HSE_EXCH Entered TWD AX 1 700 257 Gross ASX 16 May 06 00 03 AsxDealerAll2 Entered TWD AX TWD AX 257 Gross ASX 16 May 06 00 03 AsxDealerAll2 Entered Two ax FAMAWOOD FPO TWD 257 Gross ASX 16 May 06 00 03 AsxDealerall2 d Contract Size 1 q Er Entere TWD AX FSSBSC 2 000 000 257 Gross ASX 16 May 06 00 03 AsxDealerAll2 L Trade History A Instrument Counterparty From To Book Client Ref Status Instrument Trd vol Agreed price Type Ccy ClientRef Clearing Info Traded again Traded on Entered WTF AX 33 553 Gross AUX ASX 16 May 06 00 0 Entered TWD AX 1 700 257 Gross AUX ASX 16 May 06 00 0 Entered TWD AX 1 909 257 Gross AUX ASX 16 May 06 00 0 Entered TWD AX 5 868 257 Gross AUX ASX 16 May 06 00 0 9 3 1 Viewing the Trade Report When a trade has been executed the resultant trade report can be viewed from the Trade Report grid which is accessible from the Tradi
105. s Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Orders Page 33 Fil Matching Orders Found Order id Yol ord Price Status Code Ccy Instrument Market id Error text 00000004495Y0AU1 PS 3 400 39 Complete Es AUX BHP CXA CXA MAIN SUCCESS 0000000449440 401 200 3 500 9 Complete AUX BHP CXA CXA MAIN SUCCESS ll 4 8 Viewing Market Maker Quotes Orders Market maker orders belonging to the firm can be viewed through the order grids To view market maker orders the following steps should be followed To set up an order book to view only market maker orders 1 From within an orders grid invoke the Criteria menu from the context menu Window Criteria 2 Click on the Advanced tab and select the Market Maker Quote check box in the Order Classification pane TIP The colour of the button within the Add Button screen can be W Market Maker Quote changed to help make it 3 Inthe Filters tab click on the Active Orders On Order Book checkbox stand out 4 Click on the OK button Then to poll your active market maker orders 5 From within an Active Market Orders grid right click on the buttons and select Add Button 6 In the Add Button screen select Refresh market maker quotes from the Command list 7 Type in a name for the button eg Refresh MM Orders 8 Click OK to save
106. s a dynamic list will update with new strikes and the removal of expired contracts in accordance with the market 12 4 3 Saving a Portfolio A portfolio can be saved by invoking the context menu and clicking on Portfolio Save Portfolio As The user has the option to save the portfolio locally or on a network drive Issue 1 6 O 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 86 12 5 Time and Sales Market Data The Time and Sales grid shows all trades reported to the exchange for a single or portfolio of instruments This grid also displays Booking Purpose trades BP as well Loan LN and Loan Return LR trades _ Time and Sales BHP AX Received Time 27 Mar 10 00 ef Mar 10 00 27 May 10 00 27 May 10 00 7 May 10 00 27 May 10 00 27 May 10 00 4 TrdTm Size Trade 10 00 10 00 10 00 10 00 10 00 10 00 10 00 mm 15 3430 15 3430 3430 3430 3430 3430 3430 le Instument Portfolio Custom Price JBHP Ax Instrument Only Min haz Mir Mas Filter Start Today m gt End Today m gt Reset Fidessa ASX Best User Manual TE YWAP UT UT UT UT UT UT UT 2014 Fidessa limited 3430 3430 3430 3430 3430 3430 3430 Fig Wi ol Bid 1 230 1 215 1 200 1 050 900 750 600 Volume Issue 1 6 Status Released File Fidessa ASX Best User Manual docx Market Data Page 87
107. ssible Groups Orders This allows the head trader to see all his team s orders as well 13 1 3 Fast Filtering Fast Filtering is an option found on context menus from within the Window option for order and trade grids When it has been selected it allows the user to left click on a grid column header and to choose a specific value to filter the grid or to perform an ascending or descending sort Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 90 Customising the FTW Fil Trade History Instrument Counterparty From To Book I ee E ToP Status Book Instrument Trd vol Agreed pri Type Ccy Client Ref Clearing Info Traded agai Traded on Owner Entered pHRemove Sort 2 705 1 900 Gross AUX ms 2 ASX 23 May 09 59 51 MMA_HSE_EXCI Ascending Sort CQ Entered AP i 2 295 1 900 Gross AUX ms ASX 23 May 09 59 51 MMA _HSE_EXCI Descending Sort Entered PRO AD 5 000 5 740 Gross AUX ms ASX 23 May 09 24 5 MMA_HSE_EXCI Entered ESPE Custom 7 485 5 720 Gross AUX ms 23 May 09 18 2 MMA_HSE_EXCI Entered _JANZ AX 10 000 220 Gross AUX MWSM 22 May 16 54 4 asxtest1 Entered wW BHP AX 10 000 220 Gross AUX MWSM 22 May 16 54 4 asxtestl Entered f 10 000 220 Gross AUX MWSM 22 May 16 54 4 asxtesti Entered 10 000 220 Gross AUX MWSM 22 May 16 54 4 asxtestl Entered s 10 000 220 Gross AUX MWSM 22 May 16 54 4 asxtest1 Entered we r 10 000 220 G
108. t Price Bid Size Ask Size Last HA E O Add Leg Net Price Client Ref Info Clearing Participant a ae Price NI eee E _ Ready Pay Cancel Quantity It is accessible from the Trading Trades menu 2014 Fidessa limited Issue 1 6 Status Released File Fidessa ASX Best User Manual docx Main Grids and Dialogs Page 19 3 3 4 Instrument Finder The Instrument Finder is accessible through all dialogs where the entry of a product or instrument is required It allows the search and selection of an instrument which is then consequently used for whatever context that that specific finder is found in Fit Finder 1 E Search Text f Contains 7 Sharts With Find Mow Search For Futures Australia ASA heyy Search E Include Deleted Instruments hore El Australa 454 al Commodity Derivatives I Equity Derivatives E Index Derivatives H Tailor Made Combinations 11 records returned Cancel Issue 1 6 2014 Fidessa limited Fidessa ASX Best Status Released File Fidessa ASX Best User Manual docx User Manual Page 20 Orders 4 Orders TIP This 4 1 Entering an Order dialog can be 4 1 1 Invoking the Long Market Order Entry Dialog pee won t vanish An order is entered from the Long Market Order Entry dialog as shown in section 3 3 1 This dialog can be invoked from a number of different grids depending on user preference after order submission L Long
109. t grids depending on user preference They are e Active Market Orders e All Market Orders e Level 2 when highlighted in blue see section 4 2 9 Amending an order is done by invoking the context menu on the order and selecting the Amend option Aspects like quantity order type and expiry can be amended Fr Amend Order ES ASX FPO AS 3125 3824 Instrument Market Trading Quantity Limit Price Client Reference Order Type Display Quantity Sell ASX AX ASX MAIN 500 3824 4 Limit Expiry Date Time Clearing Participant Trader Reference Peg Offset Stop Price Minimum Quantity SOR Strategy Name Info Capacity Trading Book Order Flags Amend Hold Exit Upon submitting the amendment the change will be reflected at the exchange and within the relevant grids Amending the volume does so on the original order volume Default behaviour is order splitting If this needs to be changed then please contact ASX Support Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 28 Orders gt If an order has some partial fills then the remaining order quantity will default within the Trading Quantity field To default this behavior go to Settings in the File menu and from within the Market Orders sub section click on Use outstanding volume amendment New in 13 3 H Alerts W Use outstanding volume amendment
110. te Settlement Date Book a Apply Reporting Rules Clear Quantity Instrument Price Currency Counterparty Rpt Dest Conditions Trade Date Sett Date Book Clr Part 50 000 BHP AXx 3250 AUX NBBO 17 May 22 May Ready Cancel 7 Validate and submit Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 72 Initial Trade Notification ITN 10 Initial Trade Notification ITN An ITN can be performed using the Enter Trades dialog Invoke the Enter Trades dialog from the Trading Trades menu Select Client from within the Trade Type drop down field Select Direction as Buy Enter the quantity instrument price and client for the trade Select or find Counterparty UNKNOWN In the Conditions field click on the and select the Initial trade reporting IR flag and the Special crossing Select appropriate of the following C Special crossing gt T1 51 f Special crossing T2 lt T1 52 f Special crossing T3 lt T2 53 J e A 7 Enter appropriate Client Ref s in Client and Contra Client fields if required CEI ra Trade Type Direction Quantity Instrument Price Currency Counterparty Rpt Destination Conditions Trade Date Settlement Date cient y ESAS 10000000 femrax 32004 fux nown pj fasx x msi 4 5217208 y 5207208 y Client Contra Client Clearing Participant Contra Cleari
111. ted Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 8 2 2 1 Fidessa ASX Best User Manual Getting Started Getting Started Logging In to ASX Best Upon successful installation of Fidessa ASX Best the following icon will appear on the desktop Double clicking on this icon will invoke the login screen Fidessa Trade Invest Inform OK Cancel Copyright Fidessa group ple 2002 201 3 Entry of the supplied username password and clicking the OK button will trigger the login process Fidessa Trade Invest Inform Fl Logging in NINA O 2014 Fidessa limited Issue 1 6 Status Released File Fidessa ASX Best User Manual docx Getting Started Page 9 2 1 1 2 2 2 2 1 3 2 1 1 3 2 1 2 Issue 1 6 Status Released Logging Off Logging off and exiting the application can be performed by selecting the File menu and selecting Exit New Desktop Open Desktop Close Desktop sawe Desktop save Desktop As Unused desktop Unused desktop Unused desktop Unused desktop Unused desktop Unused desktop Unused desktop Unused desktop Unused desktop Unused desktop Settings Change Password The Fidessa Trader Workbench FTW The Fidessa Trader Workbench or FTW are the components that make up the desktop of the Fidessa ASX Best application These components are the toolbar grids and dialogs which will be describ
112. ticipant Identifiers Similarly to orders when a trade report is entered with an invalid clearing participant ID either an error will appear in the Enter Trades grid or the trade report grid will show an error report with an appropriate message from the exchange ita Uinie E A Poe ara re eet Hind Cherie rara Taje Dia area ate Weaker Ee rane Eou Chen broa ef xea pu a fe ae a pen e ewa al Carts Chord Cher Fafe Contes Diera Partir ir s ELIANA arab NOEL ps Add Clea pr Pract ta Cumercy Comisparts Rpt erst Cardio Trade Datel Seta Book Chert ie OP ot RLEY face 1 15 000 THa Dicota f iee E L Trade Reports Version Instrument Exchange ID Fidessa ASX Best User Manual WIA WHP EA Au thin i Juri LUNTA 43 Volume Price Trade status Report status Report text Amended by No Report for buy side in Combination Trad Member to member report flow not current Member to member report flow not current Trade is an automatic execution already rej Trade is an automatic execution already rej Entered Entered Entered Entered Entered No Report No Report No Report No Report No Report Issue 1 6 Status Released File Fidessa ASX Best User Manual docx 2014 Fidessa limited Regulatory Data Set up Page 99 15 Regulatory Data Set up 15 1 Remove Capac
113. to submit the changes 6 8 Deleting a Parameter Parameters can be deleted by simply removing from the field it exists in and clicking on the Save button 6 9 Limit Rule Inheritance and Precedence 6 9 1 Rule Precedence Rule Precedence is provided to allow users to set a limit for specific scenarios to take precedence over other set limits For example if you wish to set a lower higher limit for specific instrument Type or a specific user Example 1 The 2 limit rules below have been setup and Adam enters an order in BHP AX an equity instrument on the ASX Rule 1 indicates that a 7 price limit is to be applied for all members in the FIRM regardless of what instrument type exchange or market Rule 2 indicates that Trader A is to have a 5 price limit regardless of instrument type exchange and market Instrument Price limit a A N Rule 2 would apply as it is setup at the user level and overrides the firm level rule Example 2 The 2 limit rules below have been setup and an order is entered in BHP AX an equity instrument on the ASX Rule 1 indicates that the FIRM is to have a 5 price limit on all instrument types under the ASX exchange Rule 2 indicates that the FIRM is to have a 4 price limit on all equity types EQ regardless of exchange or market Instrument Price Type limit Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx
114. trategy order see above for details Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual docx User Manual Page 76 Smart Order Router Strategies 11 1 4 Dark Then Lit price Single aggressive lOC FaK child orders are generated one at a time and distributed to dark pools sequentially Once the dark pool liquidity is depleted the order is sent as a Lit Only price order See above for details 11 1 5 Dark Only Single aggressive IOC FaK child orders are generated one at a time and distributed to dark pools sequentially Order volume remaining after completion of the sweep stage is posted on the primary venue defined per order in the reflect stage 11 2 Examples 11 2 1 Single Sweep In this example the market is as below and the order submitted is for the below order with a Lit Only Speed strategy e Buy 1000 BHP 3463 The market on the offer is as below The virtual market grid will reflect the following Qty Price Execution Venue Chi X ASX Cumul Qty Cumul Qty 500 3462 ASX 500 1000 3463 ASX 300 1500 The following aggressive child orders are generated e Chi X 3000 3462 e ASX 700 3463 Fidessa 2014 Fidessa limited Issue 1 6 ASX Best Status Released User Manual File Fidessa ASX Best User Manual docx Smart Order Router Strategies Page 77 Chi X is aggressed first since it offers better than limit prices so SOR takes what volume it
115. x Customising the FTW Page 91 Attributes such as order state asset type direction market and date entered range can be used to filter the grid The second tab Advanced allows further filtering by price type client reference and price type qualifiers like Centrepoint and At Open 12 2 1 2 Trade Filtering The filtering available on trade grids like All Today s Trades and Trade History appears as below Fit Trade History Filter iw Use Dates Traded Date From Today E E ta E lf Show Linked Instruments Instrument Counterparty Salesman Cancel Apply Filtering criteria like date range instrument and counterparty can be used Clicking on the ellipsis for the Instrument and Counterparty fields will invoke finder dialogs 13 3 Tracking Tracking is an option that allows market data grids like the Level 2 or the Virtual Markets grid to dynamically change based upon what the user has selected in various other trade or order grids To turn on tracking follow the below steps Invoke a Level 2 grid Bring up the context menu and select Window Tracker Invoke a trade or order grid Bring up the context menu and select Track Clicking on different orders trades will trigger the instrument market data within the associated level 2 grid a a SS 1 Issue 1 6 2014 Fidessa limited Fidessa Status Released ASX Best File Fidessa ASX Best User Manual do
116. y Agency e Price is too large Enter Hold Exit 4 6 2 Exchange Validation Any aspect of an order that fails exchange validation checks will trigger the Market Failures alert button and flash red Fidessa File Market Data Trading Window Help PAM b i Oled D Level T amp S FO Mews E Chart E Alerts O Trade History p AM Market Orders A Trader Approval JA Market Status JA Failed Trade Reports Upon clicking on the flashing alert the error will appear in the Failed Market Orders grid This grid can be alternatively accessed from the Trading Market Orders menu L Failed Market Orders Instrument Market Yolord Comp reason Error text Entered at RUL AX ASX MAIN 1 230 Unsolicited amendment via other system 18 Apr 20 36 45 AAM AX ASX MAIN 999 999 Unsolicited amendment via other system 30 Apr 13 21 41 SNU AX ASX MAIN 100 000 Unsolicited amendment via other system 30 Apr 19 37 59 GUL AX ASX MAIN 2 000 Transaction rejected possibly because of conn 02 May 19 03 05 RIO AX ASX MAIN 9 000 001 Unsolicited amendment via other system 06 May 17 07 01 x 000 3 Press the button to see more 4 7 Finding an Order Orders can be searched by either the Find Market Orders option in the Trading Market Orders menu or from either of the market order grids described in section 3 2 5 and 3 2 6 L All Market Orders A Amend Release Tick Up Tick Down Price at Market Resweep Exchange orde Time Status Fi
117. y form or by any means without the express written permission of Fidessa Any and all Fidessa software described herein and any associated documentation including this document is furnished under a separate licence agreement and its use including any copying is strictly subject to the terms of that agreement Fidessa is a registered trademark of Fidessa group plc 23 June 2014 l Section 4 1 Elaborated Entering an Order section with Regulatory Data Short Sell information Section 8 Added TMC Crossing information Section 15 Added Regulatory Data Set up Page 4 Contents Contents 1 INTFOOUCIION ince keene eee een ek 7 1 1 PUD OS ui add dada 7 1 2 AUN O otto ies ici eel see Gens 7 1 3 FUG A A 7 1 4 A eaiani a sana cus vue reiudt aeiuanced mianad S 7 2 Getting lala date 8 2 1 Logging In to ASX Best oococccconcccconoccocononcnnocnnnnncnnoncnnononcnnonnnnnnnonanrnnnnonrnnnonaneness 8 2 2 The Fidessa Trader Workbench FTW cccccccccsseseeeeeeeeeeceeesseesseeesesaaeeeees 9 2 3 SUING PFETCVENCCS aac cuss ta ile a 11 3 Main Grids and Dialogs ccscccssseeseseeeeseeeeneeeeneseenseeeeeeeenees 13 3 1 MES o aie S 13 3 2 A O tae es enn eee 13 3 3 DIO Sease aE ai 17 4 A caa eae seer ieee nee er en eneee nee eee erence 20 4 1 Entera Orar AS 20 4 2 o ae oer a A AN 21 4 3 VIEWING Order Details ua dia 26 4 4 Amendine anr Orde ecesna ca 27 4 5 PUING AN Osa 28 4 6 oo O rsa eer eer nee eee 30 4 7 FUNG A ONO Se sce isa

Fidessa ASX Best User Manual Issue: 1.6

Contents

Download Pdf Manuals

Related Search

Related Contents