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Markets Trader 2 PAMM

A Brief Guide on Percentage Allocation Money Manager
Last Update: October 2012

Percentage Allocation Money Manager

 City Credit Capital (UK) Ltd.

 Market Trader 2 PAMM Guide

1.1.1 Allocation Setup – Trading Station

In client account panel, there is a function for the trader to preset the coefficient for each client
account. The value will be saved and the trader would not be required to re-enter each time he logins
to the system. There will be a coefficient generate function to define lot allocation. The generated
coefficient is client E.M. divided by total client E.M. with rounding off and multiplied by 100. The
coefficient can be modified later in client account panel.

a. The coefficient/allocation will be calculated according to client’s EM after pressing the

button Generate.

Client Code Effective Margin Order Coefficient

(rounding off)
A00001 10 10 / 70 x 100 = 14
A00009 20 20 / 70 x 100 = 29
A00010 10 10 / 70 x 100 = 14
A00021 11 11 / 70 x 100 = 16
A00046 19 19 / 70 x 100 = 27
Total: 70

b. However, besides generating the coefficient from client’s EM, fund manager could define any
allocation he/she desired, which can be entered under Allocation.

i. Enter desired allocation value

ii. Press the button “Save”
iii. Press the button “Close”

 City Credit Capital (UK) Ltd. Page 2

 Market Trader 2 PAMM Guide

1.1.2 Market Order – Open (Batch Processing)

The order entry window should show a list of client accounts with the order coefficient. Trader should
have right to override the preset coefficient of a particular customer account. There will be a textbox
for the trader to enter the total trading lot size.

i. Choose PAMM mode

ii. Enter batch size
iii. Choose either Buy or Sell side

 City Credit Capital (UK) Ltd. Page 3

 Market Trader 2 PAMM Guide

The table below illustrates the order placing scenario. There are two rounds for calculate the actual
order size. First round use factor to calculate the log size with rounding down. In second round, it
distribute the remaining lots by descending factor number and then ascending client code.

For example, the trader enter the order lot size as 20 lots, Trading Station would calculate the actually
order size for each customer. The five orders (same batch ID) will be sent to the server for execution.
If any order can’t be executed due to insufficient E.M., the rest of the orders can still be executed.

st nd
Client Code Coefficient Factor 1 Round 2 Round Actual
(Using factor to (Distribute remaining Market
calculate with round lots by descending Order Place
down) factor number,
ascending client
code)
A00001 14 14 / 99 14 / 99 x 20 = 2 2
A00009 28 28 / 99 28 / 99 x 20 = 5 1 6
A00010 14 14 / 99 14 / 99 x 20 = 2 2
A00021 16 16 / 99 16 / 99 x 20 = 3 1 4
A00046 27 27 / 99 27 / 99 x 20 = 5 1 6
Total: 99 Remain: 3 Total: 3

1.1.3 Market Order – Settle

Settle Order would follow the same mechanism as the current setting. Trader must either settle the
open position one by one, or he chooses “Close All” buttons at the order entry screen.

1.1.4 Limit order – Open

The entry for limit open order follows the same idea as market open. With the preset coefficient, a
trader would only need to input the order size once and the actual order size for each customer
account will be calculated in the same way. Of course, trader must be able to override the preset
coefficient.

1.1.5 Limit order – Settle

Trader could not create limit settle order for a batch of outstanding orders, however, one
could create limit settle in batch when creating new market order.

 City Credit Capital (UK) Ltd. Page 4