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Eurex User Manual - System Security
Eurex 2011 Deutsche Brse AG (DBAG), Clearstream Banking AG (Clearstream), Eurex Frankfurt AG, Eurex Clearing AG (Eurex Clearing) as well as Eurex Bonds GmbH (Eurex Bonds) and Eurex Repo GmbH (Eurex Repo) are corporate entities and are registered under German law. Eurex Zrich AG is a corporate entity and is registered under Swiss law. Clearstream Banking S.A. is a corporate entity and is registered under Luxembourg law. U.S. Exchange Holdings, Inc. and International Securities Exchange Holdings, Inc. (ISE) are corporate entities and are registered under U.S. American law. Eurex Frankfurt AG (Eurex) is the administrating and operating institution of Eurex Deutschland. Eurex Deutschland and Eurex Zrich AG are in the following referred to as the Eurex Exchanges. All intellectual property, proprietary and other rights and interests in this publication and the subject matter hereof (other than certain trademarks and service marks listed below) are owned by DBAG and its affiliates and subsidiaries including, without limitation, all patent, registered design, copyright, trademark and service mark rights. While reasonable care has been taken in the preparation of this publication to provide details that are accurate and not misleading at the time of publication DBAG, Clearstream, Eurex, Eurex Clearing, Eurex Bonds, Eurex Repo as well as the Eurex Exchanges and their respective servants and agents (a) do not make any representations or warranties regarding the information contained herein, whether express or implied, including without limitation any implied warranty of merchantability or fitness for a particular purpose or any warranty with respect to the accuracy, correctness, quality, completeness or timeliness of such information, and (b) shall not be responsible or liable for any third partys use of any information contained herein under any circumstances, including, without limitation, in connection with actual trading or otherwise or for any errors or omissions contained in this publication. This publication is published for information purposes only and shall not constitute investment advice respectively does not constitute an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any other transaction. This publication is not intended for solicitation purposes but only for use as general information. All descriptions, examples and calculations contained in this publication are for illustrative purposes only. Eurex and Eurex Clearing offer services directly to members of the Eurex exchanges respectively to clearing members of Eurex Clearing. Those who desire to trade any products available on the Eurex market or who desire to offer and sell any such products to others or who desire to possess a clearing license of Eurex Clearing in order to participate in the clearing process provided by Eurex Clearing, should consider legal and regulatory requirements of those jurisdictions relevant to them, as well as the risks associated with such products, before doing so. Eurex derivatives (other than EURO STOXX 50 Index Futures contracts, EURO STOXX Select Dividend 30 Index Futures contracts, STOXX Europe 50 Index Futures contracts, STOXX Europe 600 Index Futures contracts, STOXX Europe Large/Mid/Small 200 Index Futures contracts, EURO STOXX Banks Futures contracts, STOXX Europe 600 Banks/Industrial Goods & Services/Insurance/Media/Personal & Household Goods/Travel & Leisure/Utilities Futures contracts, Dow Jones Global Titans 50 IndexSM Futures contracts, DAX Futures contracts, MDAX Futures contracts, TecDAX Futures contracts, SMIM Futures contracts, SLI Swiss Leader Index Futures contracts, Eurex inflation/commodity/weather/property and interest rate derivatives) are currently not available for offer, sale or trading in the United States or by United States persons. Trademarks and Service Marks Buxl, DAX, DivDAX, eb.rexx, Eurex, Eurex Bonds, Eurex Repo, Eurex Strategy WizardSM, Euro GC Pooling, FDAX, FWB, GC Pooling, GCPI, MDAX, ODAX, SDAX, TecDAX, USD GC Pooling, VDAX, VDAX-NEW and Xetra are registered trademarks of DBAG. Phelix Base and Phelix Peak are registered trademarks of European Energy Exchange AG (EEX). The service marks MSCI Russia and MSCI Japan are the exclusive property of MSCI Barra. iTraxx is a registered trademark of International Index Company Limited (IIC) and has been licensed for the use by Eurex. IIC does not approve, endorse or recommend Eurex or iTraxx Europe 5-year Index Futures, iTraxx Europe HiVol 5-year Index Futures and iTraxx Europe Crossover 5-year Index Futures. Eurex is solely responsible for the creation of the Eurex iTraxx Credit Futures contracts, their trading and market surveillance. ISDA neither sponsors nor endorses the products use. ISDA is a registered trademark of the International Swaps and Derivatives Association, Inc. IPD UK Annual All Property Index is a registered trademark of Investment Property Databank Ltd. IPD and has been licensed for the use by Eurex for derivatives. SLI, SMI and SMIM are registered trademarks of SIX Swiss Exchange AG. The STOXX indexes, the data included therein and the trademarks used in the index names are the intellectual property of STOXX Limited and/or its licensors Eurex derivatives based on the STOXX indexes are in no way sponsored, endorsed, sold or promoted by STOXX and its licensors and neither STOXX nor its licensors shall have any liability with respect thereto. Dow Jones, Dow Jones Global Titans 50 IndexSM and Dow Jones Sector Titans IndexesSM are service marks of Dow Jones & Company, Inc. Dow Jones-UBS Commodity IndexSM and any related sub-indexes are service marks of Dow Jones & Company, Inc. and UBS AG. All derivatives based on these indexes are not sponsored, endorsed, sold or promoted by Dow Jones & Company, Inc. or UBS AG, and neither party makes any representation regarding the advisability of trading or of investing in such products. All references to London Gold and Silver Fixing prices are used with the permission of The London Gold Market Fixing Limited as well as The London Silver Market Fixing Limited, which for the avoidance of doubt has no involvement with and accepts no responsibility whatsoever for the underlying product to which the Fixing prices may be referenced. PCS and Property Claim Services are registered trademarks of ISO Services, Inc. Korea Exchange, KRX, KOSPI and KOSPI 200 are registered trademarks of Korea Exchange Inc. BSE and SENSEX are trademarks/service marks of Bombay Stock Exchange (BSE) and all rights accruing from the same, statutory or otherwise, wholly vest with BSE. Any violation of the above would constitute an offence under the laws of India and international treaties governing the same. The names of other companies and third party products may be trademarks or service marks of their respective owners.
Table of Contents
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Table of Contents
1 1.1 1.2 1.3 1.4 2 2.1 2.1.1 2.1.2 2.1.3 2.2 2.3 2.3.1 2.3.2 2.3.3 2.3.4 2.3.5 2.3.6 2.3.7 2.4 2.4.1 2.4.2 2.4.3 2.4.4 3 3.1 3.2 3.3 3.4 3.5 4 Purpose and Use of the Manual . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Purpose of the Manual . . . . . . . . . . . . . . . . . . . . . . . . . . . How to Use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Structure of the Manual . . . . . . . . . . . . . . . . . . . . . . . . . . Duties of the Security Coordinator . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 4 4 5
System Description . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Description of the Security System . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Purpose of the Eurex Security System . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Duties of Eurex Market Supervision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Duties of the members. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Notes on the Assignment of User IDs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Security Profile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 User Setup. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Setting Up Security Profiles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Structure of a Security Profile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Characteristics of the User Security Profile Maintenance Window . . . . . . . . . . . . 9 Restrictions to the Maintenance of Security Profiles . . . . . . . . . . . . . . . . . . . . 10 Changes effective . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 User Security Maintenance Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Trading Control . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Purpose. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Product Assignment Groups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Trader Underlying Maintenance Report. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Trader Underlying Status Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Description of Security Windows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Product Assignment Maintenance [Modified] . . . . . . . . . . . . . . . . . Product Assignment Maintenance Import . . . . . . . . . . . . . . . . . . User Security Profile Maintenance . . . . . . . . . . . . . . . . . . . . . . . . PIN Maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RALs on the User Security Profile Maintenance Window Tabs . . . . . . . . . . . . . . . .. .. .. .. .. . . . . . . . . . . 13 19 23 26 29
Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
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1 1.1
1.2
How to Use
This document is intended for users of the Eurex and EEX exchanges. All information given applies to Eurex and EEX, unless stated otherwise at the respective places in the document. The electronic trading system Eurex is used for the Eurex and EEX exchanges, and is referred to in this document by the generic term Eurex or Eurex system for all exchanges. The time display is only explained here once, to avoid repeating notes. Display of times: A variety of reports and windows feature fields which display time. Plain time values displayed in these fields are generated by the respective exchange system and correspond to the time kept by the exchanges central back end. Time values displayed in brackets (e.g. in some windows of the GUI trading application like the Message Log) are generated by the respective members frontend systems. The reader should note that the time values published by each exchange correspond to the respective exchange's system time and may differ from local time. The time generated by the member front-end system depends on the setup installed by the member frontend system administration and cannot be controlled by the respective exchanges. Note: Data contained in the screenshots and samples in this publication are for illustrative purposes only and should not be relied upon as a true representation of the current market.
1.3
Chapter 1 Purpose and Use of the Manual introduces the purpose and usage of this manual. Chapter 2 System Description gives a general summary of the most important functions dealt with in the Eurex User Manual - System Security.
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Chapter 3 Description of Security Windows describes the security windows and their use. Examples of these windows are also given. The referenced security reports are described in the Eurex XML Report Reference Manual. The tables used in this manual can be found in the appendix of the Eurex @X-ceed Trading User Guide. The Appendix contains additional information.
1.4
System Description
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2 2.1
2.1.1
2.1.2
The transaction must come from a system allowed on Eurex, by a user authorized to perform this transaction. The transaction must be entered by an authorized user of an exchange member. This means that the user must be authorized by the exchange member and accepted by Eurex Market Supervision. A member conditionally excluded from trading, can neither enter orders, nor enter quotes, nor receive any transfers. If Eurex Market Supervision excludes a member from trading, that member cannot perform any function on the Eurex system. The functions selected by the member must be available at that time. More details concerning product state dependencies can be found in section Product State Dependencies and the appendix of the Eurex @X-ceed Trading User Guide. The details concerning the clearing phases can be found in section Clearing Process and Possible Transactions of the Eurex @X-tract Clearing User Guide.
2.1.3
The user must have an access authorization to the selected function. Such authorizations are granted by the member using the User Security Profile Maintenance window. The user must be authorized to trade the selected product. Such authorizations are granted using the Product Assignment Maintenance window.
It is the member's responsibility to apply for the deactivation of users leaving the company or no longer using the Eurex system. Note: In case a user is removed from the Eurex system, the related orders are not automatically deleted but it is the responsibility of the member to remove them.
System Description
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2.2
The system administrator must set up user specific accounts, as described in the Eurex Front End Installation Guide, for access to the MISS. The user name must be between 1 and 20 characters in length.
2.3
2.3.1
Security Profile
User Setup
The setup of a user serves to adapt an individual security profile for each user to the current member requirements. The security profile defines which functions are available to the user and which areas of the system are accessible. Eurex Market Supervision must prepare such a profile for each user before he can use the Eurex system. The User Security Profile Maintenance window is used to maintain these profiles. See Description of Security Windows for more information.
System Description
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2.3.2
User Authorization Trader Qualified Back Office Staff Back Office Employee View-only Market Maker Security Coordinator
The trader and market maker profile types can be combined with BO (e.g. MM/BO). If a member needs to set up, modify or delete Eurex user profiles, the Application for the Setting Up/Modification/Deletion of User IDs in the Eurex System form needs to be completed. In case of setting up a new trader or qualified back office employee, the application needs to be submitted to Member Services & Admission, in the other cases to Clearing Data Control. The Application for the Setting Up/Modification/Deletion of User IDs in the Eurex System form is available on www.eurexchange.com. Furthermore, a new User ID can easily be requested online in the Eurex Member Section.
System Description
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2.3.3
2.3.4
System Description
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2.3.5
2.3.6
Changes effective
Changes in the access levels become effective immediately.
2.3.7
The User Security Maintenance report (RPTTT110) serves to confirm all the system inputs in connection with security profiles. It also provides a means of detecting the unauthorized use of these setup functions. This report is arranged by users, for all the members. The User Security Status report (RPTTT115) shows all access functions for each profile. The Trader Underlying Assignment report (RPTTT120) serves as proof of changes made on the Product Assignment Maintenance window. It displays the trader Product Group/product assignment and maintenance of the Maximum Order Quantities. The Trader Underlying Status report (RPTTT125) shows all actual access functions. It displays the trader Product Group/product assignment and status of the Maximum Order Quantities.
2.4
2.4.1
Trading Control
Purpose
The members determine which Product Groups/products a user may trade. In order to be able to enter an order or quote, the trader must have an authorization to trade in this Product Group/ product and have access to the commands necessary. In this way, members can control the activities of their system users. For instance, it is possible to set up the security profile in a way that the trader can enter orders, but cannot access the quote or combination commands. Additionally, the input of orders can be restricted to certain Product Groups/products only. The Product Assignment Maintenance window is used for these restrictions. For more details, see the Description of Security Windows chapter. The Product Assignment Maintenance window contains a list of Product Groups and products the current user may trade. The security coordinator can add or delete Product Groups/products from this list at any time. With the appropriate set of access rights, a trader can request information on a product even without having a trading license for that product.
System Description
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If a Product Group is assigned to a trader, all products of that group are assigned to the trader. When a newly created product is added to the assigned Product Group or a product is moved from a Product Group to the assigned one, it will be assigned automatically to the member/trader with maximum order quantity set for the Product Group. The changes become effective immediately.
2.4.2
Market Supervision
Product Group Product Group
assigns
Clearing Member
Max. quantity
assigns
Trader/Sub-group of Traders
Product Assignment from Eurex to Traders
Maximum order quantities allocated to a product group are not automatically inherited by all products within this group, but need to be set individually. When a new product is introduced, however, Eurex allocates it to one of the existing product groups and the maximum order quantities of the new product are automatically set to the product group-specific quantities. Traders, who have been granted access to the respective product group, will automatically be able to trade it.
System Description
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2.4.3
2.4.4
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3 3.1
The MaxWhsQty field no longer represents the maximum wholesale quantity but the maximum risk amount
The Product Assignment Maintenance window is used to set up Product Group assignments/deassignment for members or for group of traders. Clearing Members are able to define the member maximum order quantities for their Non Clearing Members in the window.
Overview The Product Assignment Maintenance window is used to assign and deassign Product Groups to members, traders and trader subgroups. Additionally, it is possible to assign and deassign individual products to traders and trader subgroups. The window can also be used to define the Maximum Order Quantity for members, traders and trader subgroups. The Product Assignment Maintenance window can be accessed via the Security menu of the Main Menu window. On inquiry, the tree on the left side of the window displays the subgroups, the individual groups and traders for the logged-in member. If the logged-in member is a CM, the window additionally displays all NCMs of the member, but not the traders or the subgroups. The right hand side of the Product Assignment Maintenance window displays the current Product Group/product settings for the selected tree node. While a double click on the root or the group level inquires the settings for all Product Groups/products on member level, a double click on a trader node inquires the settings for the corresponding trader. Alternatively, the Member and the Product or Group fields at the top of the window can be used to filter for Product Groups or products assigned to a member or for members assigned to a Product Group or a product. Using the fields Group or Product with Member will inquire if the selected Product Group or product is
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assigned to the chosen member. The Group column displays the Product Group/product hierarchy. The Clearer column in the window table displays the Clearing Member of a Product Group for a member. Changes to the clearer will be displayed in a from/to style manner using arrows in the window table and will be effective from the next business day. The Selection field shows the ID of the member/trader whose details are displayed. The Modifiable column allows members to change the Maximum Order Quantity for their traders. They will be allowed to change the Maximum Order Quantity of the member product group and the products of the product group only if the check box under this column is selected. This check box is selected by default. It can be selected or deselected by Market Supervision. The + button or Expand menu item can be used to expand all displayed groups of the Product Assignment Maintenance window at once, and the - button or Collapse menu item can be used to collapse all displayed groups of the window. The window supports Find functionality. The Find item in the Window menu and Find icon in the tool bar inquires on the content of the table. However, a lookup on the message contents is not supported by this Find functionality. The window supports the creation and maintenance of individual trader groups. The Add Group submenu can be used to add new groups. Once a new group has been created, the user can add traders to this group via drag and drop or remove traders from the group via the Remove Trader functionality. The add and remove functionality is supported for individually defined groups only. The individual trader groups provide a quick overview of the settings of all traders of that group, but modifications are not supported on that level. All individual groups are maintained in the GUI and automatically stored locally in the profile of the security administrator. Eurex has no access to these locally stored profiles. The regular subgroups are maintained by Eurex. Empty groups are not stored. Note: If a trader is included in two or more individual trader subgroups, the last executed modification is always valid and overrules all existing entries in all subgroups (regardless if individual or regular). The Product Group concept supported by the window allows the user to maintain trader product assignments and maximum order quantities on a Product Group level and/or on a level of individual products. If the user maintains product assignments and maximum order quantities on a Product Group level, any new product allocated to one of the Product Groups assigned to a trader, is automatically assigned with the trader's Product Group-specific maximum quantities. If a product moves from a Product Group assigned to a trader to a Product Group not assigned to the trader, it is automatically deassigned from the trader. Clearing Members can define the member maximum order quantities for their NCMs in the window. There are three maximum quantities:
Maximum Order Quantity (MaxOrdQty), transaction quantity limit which applies to regular and strategy orders Maximum Wholesale Quantity (MaxWhsQty), risk amount limit which applies to the maximum Eurex wholesale risk amount. The amount is represented by a multiple of the respective
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product currency unit. Currently, the multiplying factor is 1,000,000 for products traded in KRW and 1,000 for all the other currencies.
Maximum Calendar Spread Quantity (MaxCalSprdQty), transaction quantity limit which applies to future calendar spread combination orders.
Members can also define the MOQs that may be traded by a trader or a group of traders of the member using this window. This group can be either a regular subgroup of the member or an individually defined group. Changes in Product Group/product maintenance can be applied to a member or to an individual trader or to a trader group (i.e. to all the traders that are in the group at the time the user clicks the Apply button). Product Groups/products can be assigned/deassigned and their maximum quantities modified. All changes become effective by clicking the Apply button. The window supports multiple selection and assignment of Product Groups/products from the group/product table. The Maximum Order Quantity together with the Maximum Wholesale Quantity and the Maximum Calendar Spread Quantity for the selected Product Group/products can be entered through a pop-up. The user can select the single quantities from the context menu or enter them by using the keyboard. A Product Group/product is assigned per default with the same Maximum Order Quantity, Maximum Wholesale Quantity and Maximum Calendar Spread Quantity (futures only) that is valid for the member. If new settings are applied to a trader group, that means that all traders without an assignment in the corresponding Product Group/product(s) will have identical assignments afterwards. All settings of traders that already had an assignment remain unchanged. Assignments displayed in the Product Assignment Maintenance tables are sorted by group name, followed by product ID. For a subgroup, the Asgn and the Maximum Order Quantity columns display double faces and the quantity if all the traders have the same assignment. It displays ? if the assignments are different. To disallow a trader from entering regular and strategy orders, wholesale trades or future calendar spreads, the respective maximum quantity can be set to zero. All three maximum quantities are decoupled completely. The maximum limit for on-exchange quantities, wholesale trade quantities and future calendar spreads is 999,999. The maximum quantity can not be greater than the respective quantities assigned to a member. Note: In contrast to the other two quantities, the Maximum Wholesale Quantity is displayed in multiples of the respective product currency unit. Currently, the multiplying factor is 1,000,000 for products traded in KRW and 1,000 for all the other currencies; i.e. the maximum value of 999,999 represents a risk amount of 999,999,000,000.00 KRW or 999,999,000.00 EUR/ GBP/USD/etc. If a member is not assigned for a product group, the maximum order quantities for the product group itself and for all products in the group are displayed blank in the window. If the trader is not assigned for a product group to which there is a member assignment, the window displays the member maximum order quantities for these product groups and products to the trader. Trading Restrictions for US-Traders:
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US-Traders are only allowed to inquire or trade in products "permitted" for American traders. A US-trader is one whose trader sub group starts with a "U", e.g. the "U" in "USS" in ABCFRUSS001. If a US-trader attempts to inquire or trade in a "not permitted" product an appropriate error message is displayed. No trading assignment is possible for non-allowed US products. Assignments displayed in the Product Assignment Maintenance tables are sorted by product ID. If an error occurs, an exception code is displayed in the message bar. Product Assignment Maintenance Menu Menu Bar Window Item Description Shortcut
Save Settings Saves the window size and position together with the Ctrl+S configuration of the list box. Filter settings are not stored. Clear Settings Clears the saved settings. Find... Print Opens the Find window Opens the Print Table window to print all or parts of the table. Opens a file chooser dialogue to specify a file to receive the data. Opens a file chooser dialog to specify a file to be imported Activates/Deactivates the Full Table Mode of the window. Closes the window without any further action. Ctrl+F Ctrl+P
Export
Ctrl+E
Import...
Ctrl+I
F11
Shift+F4
Refreshes the data in the table. This button becomes a Ctrl+F5 Stop button while long inquiries are performed. Expands all displayed groups of the Product Assignment Maintenance Collapses all displayed groups of the Product Assignment Maintenance Copies the selection. Pastes the selection. Ctrl+C Ctrl+V
Expand
Collapse
Edit
Copy Paste
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Item Assign
Description Assigns selected product(s) to an individual trader or a trader group. Modifies the Maximum Order Quantity of selected product(s) for an individual trader or a trader group. Deassigns selected product(s) from an individual trader or a trader group. Clears not applied actions. Name of a new group that has to be added (group name is limited to 15 characters). Renames currently selected group (group name is limited to 15 characters). Deletes currently selected group.
Shortcut
Modify
Deassign
Clear Action Add SubGroup Rename SubGroup Delete SubGroup Help On this Window
F1
Product Assignment Maintenance Select Table Column Asgn Description Displays current assignment level: Building icon - product assigned to member Person icon - product assigned to trader No icon - product not assigned to member Displays the clearer name for a particular Product Group Displays the Product Group/Product Hierarchy Product ID Long name of the product Maximum Order Quantity
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Product Assignment Maintenance Select Table MaxWhsQty Maximum Wholesale Quantity (incl. OTC Flexible Options) displayed as a risk amount in multiples of the respective product currency unit. Currently, the multiplying factor is 1,000,000 for products traded in KRW and 1,000 for all the other currencies. Maximum Calendar Spread Quantity (futures only)
MaxCalSprdQty Modifiable
Determines whether the clearing member is allowed to change the member's Maximum Order Quantities of the products belonging to the product group. Eurex Market Supervision is able to set and clear the check box.
Action
Action which becomes active by clicking the Apply button: Assign, Deassign or Modify
Product Assignment Maintenance Buttons Identifier Apply Description Submits the assignments to the system and leaves the Product Assignment Maintenance window open. This button is only available when at least one product is displayed in the right table. Closes the window without further action.
Cancel
Product Assignment Maintenance Field Group Identifier Member Group Product Selection Description Member ID Displays the Product Group/Product Hierarchy Product ID Inquire a member, member subgroup or a trader
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Product Assignment Maintenance Message Bar Mouse Usage DC-L Description Opens the Product Assignment Maintenance - Message Log window
3.2
Once the window is opened, a file chooser immediately pops up to select a file for import. After a file is selected, the file chooser is closed and the filename is displayed in the Bulk Load field. Furthermore, the content of the imported file is displayed in the table of the Product Assignment Maintenance - Import window. In addition to the columns of the imported file, a Status and LineNo column is displayed in the table, informing about the result of the import, and the corresponding line number of the imported file. The Product Assignment Maintenance - Import window supports .csv, .xls and .txt files of maximum length 10,000 rows. If the imported file exceeds 10,000 rows, the import process stops and an error message is displayed. Press the Process button again to import the next 10,000 rows, and repeat this process, as required, until all the file is imported.
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The layout of the imported files must coincide with the layout of files which have been exported from the Product Assignment Maintenance [Modified] window. Note: Any one imported file can only contain product assignment data on either member or trader level. The import of data on subgroup level is not supported. After the sucessful import, the data is displayed in the table for review. Lines where import errors occured are marked with the status ERROR in the table. A detailed error description for each individual row is displayed in the status bar, if the row is selected. Records that passed the syntax validation are displayed with status PASSED. Using the All and Errors radio buttons, the table can be set to display all imported rows or the rows including errors only. The fields MaxOrdQty, MaxWhsQty, MaxCalSprdQty are optional. The Trader field is only optional on member level. If these fields are not filled, their value will not be changed during import. The Modifiable flag is not supported. Group and Product are optional as well, but at least one of them must be specified. If both are specified, the Group must be the correct product group for the given Product. If Trader is not specified, the settings are applied to the member. If a certain trader should be adressed, the Trader field must be filled in with the complete subgroup and user ID number. Once the Process button is clicked, rows with the status PASSED are submitted to the backend. If the transmission to the backend was successful, the respective rows are set to the status SUBMITTED. If a BESS or backend validation fails, the respective row is marked with the status ERROR and a red background color. A detailed error message is displayed in the status bar, if the row is selected. The window can be closed using the Cancel button. If there is still unapplied data, a confirmation dialog pops up to ask for confirmation.
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Description Saves the current settings Clear the window settings Opens the Sort Table dialog Opens the Find dialog Opens the Print Table dialog Opens the Export Table dialog to export the table content in Excel or CSV format Opens the Import dialog to select a file for import in Excel or CSV format. Activates/Deactivates the Full Table Mode of the window
Shortcut Ctrl+S
Import...
Ctrl+I
F11
Closes the window without any further action Shift+F4 Reload the selected file Ctrl+F5 F1
Product Assignment Maintenance Import Table Column LineNo Description Line number in the imported file, from which the data of that row was imported. Status of the imported row: PASSED, ERROR or SUBMITTED. Member ID Trader ID of the affected user Assignment state of the member or trader: M = assign to member, T = assign to trader, (space/empty) = not assigned to member. Eurex product group Eurex Product ID
Group Product
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Product Assignment Maintenance Import Table MaxOrdQty Maximum order quantity on-exchange. If this field is left blank, the MaxOrdQty is not changed. Maximum wholesale quantity for OTC business. If this field is left blank, the MaxWhsQty is not changed. Maximum calender spread quantity for futures spreads. If this field is left blank, the MaxCalSprdQty is not changed. Indicates the type of action to be performed: Add, Modify or Delete
MaxWhsQty
MaxCalSprdQty
Action
Product Assignment Maintenance Import Buttons Identifier Folder Process Cancel Description Opens the file chooser to select a file. Processes the data. Closes the window without further action.
Product Assignment Maintenance Import Field Group Identifier Bulk Load All Errors Description Displays the import file name. Display all imported rows. Display rows with errors only.
Product Assignment Maintenance Import Message Bar Mouse Usage DC-L Description Opens the Product Assignment Maintenance Import - Message Log window
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3.3
Overview The User Security Profile Maintenance window is used to control the access of users to the exchanges functions. It displays the system functions and the users current access levels in several tabs. The tabs group the functions by functional areas. A detailed description on the use of the User Security Profile Maintenance window is available in the "Eurex User Manual System Security". The User Security Profile Maintenance window is accessible from the Security menu. When the window is opened, the member ID is displayed in the field MbrId. This field is readonly. The tabs are empty. Only the Cancel button is enabled. The focus is on the TrdId field.
1. For historic reasons the word Trader appears on the window even though the person concerned might be a trader, clearer or supervisor. Traders, clearers, supervisors etc. are collectively referred to as users in the text for this window except when reference is made to a label or associated field name on the window.
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Inquire User Access Levels: A valid user ID is entered in the TrdId field and the Enter key is pressed. The tabs are then filled with the users access levels. All users are able to inquire their own security profile. Modify User Access Levels: To modify a functions access level, it is first selected in the table. The values from the selected row are displayed in the edit line beneath the table. The valid range of values for each access level (0,1 or 03) varies from access level to access level. A context-sensitive menu lets the user select from one of the valid values. Clicking Update accepts the new value. All changes of a users access levels are submitted to the back end by clicking Submit or Apply. The system checks to make sure that a user does not get a higher access level than Market Supervision has granted the member with whom he is associated. The operation may be cancelled by clicking Cancel. If an error occurs, an exception code is displayed in the message bar. The row with the error is highlighted in red. Clicking such a row produces a more detailed error message in the status bar. User Security Profile Maintenance Menu Menu Bar Window Item Save Settings Clear Settings Print Description Saves the current settings Returns all window settings to the default values Opens the Print Table window to print all or parts Ctrl+P of the table Opens a file chooser dialogue to specify a file to receive the data. Closes the window without any further action Ctrl+E Shortcut Ctrl+S
Export
Close Help
Shift+F4 F1
User Security Profile Maintenance Select Field Group Identifier MbrId TrdId Reset Password Type D Em E Description Member ID User whose securities profile should be changed. If checked, the user's password is reset. CT
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User Security Profile Maintenance Table Identifier Description Id AccLev Description Short description of the function RAL position index Resource Access Level valid values are (0,1) or (0,...,3) depending on the access level concerned
User Security Profile Maintenance Edit Field Group Identifier Description Id AccLev Type Description D D E Short description of the function New ID (=position index) Resource Access Level valid values are (0,1) or (0,...,3) depending on the access level concerned * CT
User Security Profile Maintenance Buttons Identifier Update Submit Description Enters new AccLev data into the table Submits the assignments to the system, and closes the window. This button is only available when the table displays a user's security profile. Submits the assignments to the system, and leaves the window open. This button is only available when the table displays a user's security profile. Closes the window without further action.
Apply
Cancel
User Security Profile Maintenance Message Bar Mouse Usage DC-L Description Opens the User Security Profile Maintenance - Message Log window
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3.4
PIN Maintenance
The PIN Maintenance window is used to support the assignment, modification and deletion of a trader PIN and administer Eurexs support of trading-on-behalf. Note: PINs are codes used by Eurex to verify the identity of a trader making a request for them to act on their behalf in the event of an emergency or to reverse a trade.
Overview The PIN Maintenance window is available for both members and Market Supervision, and is accessible from the Security menu. It is also available in the Trading Board, hence the Security menu is added to the Trading Board menu, and the PIN Maintenance window connected to the TraderID field of the Trading Board. The window introduces the maintenance of rights in the context of the PIN Procedure on trader level. But the system also supports a member default setting (PIN and rights), which applies to all traders, who do not have a PIN assigned. The rights a trader may have are displayed in the table. The full name of the column headings are displayed in a tooltip when the mouse is hovered over the columns. See also the table description below. The members security coordinator uses the window to maintain the traders PINs and their associated rights, while traders use this window to view their own PIN and rights. (PIN display can be disabled via RAL settings, see below). For members, the Member field is disabled and pre-populated with the member ID of the logged in user.
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Like RALs, the changes that are made via the PIN Maintenance window become effective immediately. If a trader with their PIN Procedure RAL set to 1 opens the PIN Maintenance window, it is displayed with the Member entry field disabled and pre-populated with the member ID of the logged in user. The Trader field is also disabled, but pre-populated with the respective trader ID. The window automatically inquires the information on opening. According to the RAL setting (1) the trader's rights are displayed but not the PIN. If the PIN Procedure RAL is set to 2, and if the user RAL can be inquired (RAL 101 User Resource Setup >= 1), the users may also change their PIN. However, they cannot delete or initially set it. If no PIN is defined, the special value 0 is used for the PIN in order to indicate this. The member's security coordinator (with the PIN Procedure RAL set to 3) can inquire upon information about any trader of that member. Therefore, the Trader entry field is editable. If it is left blank for an inquiry, the PIN Maintenance window displays a list of all traders of that member. It is again required that inquiring upon the user RAL is allowed. To maintain the PINs and rights of a trader, the table can directly be edited by the security coordinator. If the rights of a trader differ from the default member settings, the relevant trader PIN entry field becomes mandatory and a four-digit PIN needs to be filled in. Eurex uses the PIN Maintenance window to inquire the PIN and rights of a trader should they require trading-on-behalf services. However, Eurex does not support the maintenance of PIN Procedure rights. The available functionality of the PIN Maintenance window is controlled by the RAL 274 "PIN Procedure" as shown in the table below:
No access. Trader can not see his PIN or No access. rights. Only data for the logged in user are No access. displayed. A trader can see his rights, but not his PIN. Only rights for the logged in user are A trader may change his own PIN, but displayed. A trader can see his rights and not delete or initially set it. his PIN. Member security coordinator level: The user may see all the rights and PINs of every trader of a member. Member security coordinator level: The user may change the PINs and rights for every trader of a member.
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PIN Maintenance Menu Menu Bar Window Item Description Short Cut Ctrl+S
Save Settings Saves the window size and position together with the configuration of the list box. Filter settings are not stored. Clear Settings Clears the saved settings. Print Export Opens the Print window dialogue. Opens a file chooser dialogue to specify a file to receive the data. Activates/Deactivates the Full Table Mode of the window. Closes the window with no further action. Opens a dialogue window that allows to specify values which are to be applied to the selected rows of the table. Opens the Help window
Ctrl+P Ctrl+E
F11
Shift+F4
Help
On this window...
F1
PIN Maintenance Fields Identifier Member Trader Type D Eo/D Description Member Trader Value/Syntax String [5] String [6] CT * *
PIN Maintenance Table Column Member Trader PIN Mis-M Description Member Trader PIN Allow mistrade action on member level Edit N N Y Y
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PIN Maintenance Table Column Mis-S Mis-T ToB-M ToB-S ToB-T OTC-M OTC-S OTC-T Action Description Allow mistrade action on subgroup level Allow mistrade action on trader level Allow trading-on-behalf action on member level Allow trading-on-behalf action on subgroup level Allow trading-on-behalf action on trader level Allow OTC action on member level Allow OTC action on subgroup level Allow OTC action on trader level Action to be performed on this record on applying. Edit Y Y Y Y Y Y Y Y N
PIN Maintenance Buttons Identifier Inquire Submit Apply Cancel Description Start the inquiry Submits the changes and closes the window (unless there is an error) Applies the changes and leaves the window open Cancel any changes and close window
3.5
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ID 062 066* 067 087 089 091 101 102 104 105 106 110 111 112 113 114 116 120 124 129 130 131 132 133 134
Description Exchange Holidays Pre-Trading Risk Control Risk Limits General Trader Authorization Clearer Access Assignment Status Inquiry User Resource Setup Fee Inquiry Daily Margin Inquiry Margined Position Inquiry Margin Requirement Information Cash Account Summary Inquiry Cash Transaction Entry Specific Equity Collateral Assignment Entry Security Movement Inquiry Guarantee Inquiry Security Account Details Inquiry Excess Collateral Inquiry Fee Adjustments Settlement Price Inquiry Order Inquiry Combination Order Inquiry Inside Market (incl. Strategy Market)
On Tab... Administration Administration Administration Administration Administration Clearing Security Clearing Clearing Clearing Clearing Clearing Clearing Clearing Clearing Clearing Clearing Clearing Clearing Clearing Trading Trading Trading
Extended Inside Market (incl. Strategy Order Book Depth) Trading Quote Inquiry Trading
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ID 135 136 138 140 142 143 145 146 147 148 149 150 152 153 165 166 167 168 170 171 172 175 176 177 178
Description Combination Quote Inquiry BO Messages Own Trade Inquiry Ticker Inquiry Historical Position Transaction Inquiry Market Supervision Information Product State Time and Sales Sheet Change Password Login Reset Password EFP Trade Entry Trader Product Assignment Product Groups Trade Separation Trade Open/Close Adjustment Trade Account Transfer Historical Trade Transfer In-the-Money Inquiry/Exercise Exercise Entry/Abandon Exercise Entry Optnl 4EP Appr Report Selection Member Positions Member Clearing Information Member Relationships
On Tab... Trading Clearing Trading Trading Clearing Administration Trading Trading Security Security Administration Trading Security Security Clearing Clearing Clearing Clearing Clearing Clearing Security Clearing Clearing Administration Clearing
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ID 179 181 182 183 185 189 190 191 193 194 195 196 197 199 200 205 206 209 210 211 212 213 215 217 218
Description Transfer Member Positions Real time Member Position Transfer Give-Up Maintenance Give-Up Delete Undesignate Take-Up Maintenance Give Up Inquiry Take Up Inquiry Position Inquiry Zero Cost Quantities Inquiry Member List Inquiry Non-Clearing Member List Inquiry Notification Inquiry Notification Allocation Inquiry Exercise Inquiry Exercise Assignment Inquiry Product Overview Contract Overview Block Trade Entry Strategy OTC Block Trade / Approve EFP-Fin/Index Futures Trade Entry EFS Trade Entry EBI Trade Processing Enter Strategy Request Enter Strategy Order Modify Strategy Order
On Tab... Clearing Clearing Clearing Clearing Clearing Clearing Clearing Clearing Clearing Administration Clearing Clearing Clearing Clearing Clearing Trading Trading Trading Trading Trading Trading Trading Trading Trading Trading
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ID 219 220 221 222 223 224 225 230 238 239 240 241 246 247 251 253 255 262 263 264 269 271 272 273 274
Description Delete Strategy Order Inquire Own Strategy Order Enter Strategy Quote Delete Strategy Quote Inquire Own Strategy Quote Inquire Strategy Theoretical Price Enter Strategy Cross Request Market Depth Trading Flexible Contract Inquiry Flexible Contract Trading Flexible Trade Adjust / ITM Inquiry CSD Information Automatic Exercise Vola Trade Entry Options Order Entry Options Order Modify Options Order Delete Options Quote Entry Options Quote Delete Options Quote Request Options Mass Quote Delete Options Delete All Orders Quotes Options Mass Quote Entry Heartbeat PIN Procedure
On Tab... Trading Trading Trading Trading Trading Trading Trading Trading Trading Trading Clearing Clearing Clearing Trading Trading Trading Trading Trading Trading Trading Trading Trading Trading Trading Security
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ID 275 276* 277* 280 281 284 285 286 287* 288* 289* 290* 292* 293* 305 308 309 320 321 322 326 335 337 339
Description Market Maker Quote Limit Block Auction Request Strategy Block Auction Request Change Subgroup Cross Request Futures Combination Cross Request Order Mass Delete Combination Order Mass Delete Block Auction Quote Strategy Block Auction Quote Inquire Block Auction Inquire Strategy Block Auction Inquire Own Block Auction Inquire Own Strategy Block Auction Futures Order Entry Futures Order Modify Futures Order Delete Futures Quote Entry Futures Quote Delete Futures Quote Request Futures Delete All Orders Quotes Notification Entry Maintenance Futures Deliverable Position Inquiry Allocation Inquiry
On Tab... Trading Trading Trading Administration Trading Trading Trading Trading Trading Trading Trading Trading Trading Trading Trading Trading Trading Trading Trading Trading Trading Clearing Clearing Clearing
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Appendix
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Appendix
RALs not accessible for Members The following RALs are reserved for Eurex internal use: 1, 2, 4, 5, 6, 7, 8, 9, 10, 11, 13, 14, 16, 18, 21, 23, 24, 26, 27, 29, 32, 34, 35, 37, 39, 40, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 88, 90, 103, 109, 137, 154, 157, 159, 160, 164, 169, 174, 180, 187, 208, 214, 216, 248, 249, 291, 294, 295, 296, 297, 298, 300, 301, 331, 338, 341, 347, 348, 349. The following RALs are not used: 3, 10, 12, 15, 17, 25, 28, 30, 31, 33, 36, 38, 41, 49, 63, 64, 65, 68, 69, 70, 71, 85, 86, 92, 93, 94, 95, 96, 97, 98, 99, 100, 107, 108, 115, 117, 118, 119, 121, 122, 123, 125, 126, 127, 128, 139, 141, 144, 151, 155, 156, 158, 161, 162, 163, 173, 184, 186, 188, 192, 198, 201, 202, 203, 204, 207, 226, 227, 228, 229, 231, 232, 233, 234, 235, 236, 237, 242, 243, 244, 245, 250, 252, 254, 256, 257, 258, 259, 260, 261, 265, 266, 267, 268, 270, 278, 279, 282, 283, 299, 302, 303, 304, 306, 307, 310, 311, 312, 313, 314, 315, 316, 317, 318, 319, 323, 324, 325, 327, 328, 329, 330, 332, 333, 334, 336, 342, 343, 346, 350.