16.2 Trade Manager

 

The Admin privilege on Fortex platform is reserved for Administrators exclusively.  Regular users and view-only administrator won’t be able to access the Admin functions listed under the Admin menu from the menu bar.  Admin accounts can exercise admin privilege only over its designated domain.

Figure 16.2.1

The Trade Manager provides four functions, Reject, Execute, Bust and Manual, to manage orders and executions.  To invoke it, go to the menu bar Admin > TradeManager or click on the toolbar icon (as Figure 16.2.1).

More conveniently, users can invoke the Reject and Execute functions by right clicking on an open order in the Order tab of the Order Manager Window and then select from the drop-down menu (as Figure 16.2.1.a).  Doing so will have the Reject or Execute form automatically populate with all the relevant order information.  Users can also invoke the Bust and Manual functions by right clicking in the Execution tab of the Order Manager Window (as Figure 16.2.1.b). 

Figure 16.2.1.a

 

Figure 16.2.1.b

Reject

When the Administrators want to reject an invalid order or decline an order sent from a user, use Reject function as Figure 16.2.2.  For example, to reject the Buy AUD/JPY 1 at 60 Order from User OPX3 Order ID 223, simply right click on that order in the Order tab of the Order Manager Window, select Reject from the drop-down menu and then click OK in the Reject box.  Please note that the Reject form is automatically populated with all the relevant order information.

Figure 16.2.2

Execute

When the Administrators want to execute an open order fully or partially, use the Execute function as Figure 16.2.3.  For example, to fill the order Buy AUD/JPY 1 at 60 Order from User OPX3 Order ID 223, simply right click on that order in the Order tab of the Order Manager Window, select Execute from the drop-down menu and then click OK in the Execute form.  Please note that the Execute form is automatically populated with all the relevant order information.

Figure 16.2.3

Bust

To bust (meaning undo) an execution, use the Bust function as Figure 16.2.4.  Administrators need to do this from time to time when an execution is filled erroneously and the exchange or contra parties demand a trade bust.   For example, to bust the execution Sold AUD/JPY 100 at 82.46 Order from User OPX3 on behalf of Account OPX3 Order ID 285, simply right click on that execution in the Execution tab of the Order Manager Window, select Bust from the drop-down menu and then click OK in the Bust form.  Please note that the Bust form is automatically populated with all the relevant order information.

Figure 16.2.4

Manual

To report an execution done away from the Fortex system, use the Manual function as Figure 16.2.5.  This is necessary when a transaction is done over the phone and subsequently needs to be reflected on the account on Fortex.  For example, to report a Manual trade of Bought AUD/JPY 1 at 60 Order from User OPX3, simply type in the execution information in the Trade Manager dialog box and click OK.  Please note that the Order ID for Manual trades must be 0.

 Figure 16.2.5