Fun with Feeds/STP
My firm needs a second back office connection. Who do I speak to, and how much will it cost?
ETEC, $30k+
Head of desk wants to monitor all books in one page in TW (tabs/macros/manager view). They also want an easy to access summary they can reference on the fly
TW Macros
TW summary panel
TW Manager view
RW
Head of data wants all IB history so that they can run into their own algo. What product would you suggest, and what team owns it?
IB Feed - Digital Strategy
What is the purpose of function AFMT?
AFMT - firm defaults
You are speaking with a prospect and they mention they would like a solution for ALM to build out a comprehensive risk dashboard
MARS
"We need to send trades done on a platform outside of TOMS via our retail platform back into TOMS for TRACE reporting"
Inbound CMF (Consolidated message feed)
All ECNS's, BBG, use CMF feeds to push trades into TOMS.
Analytics team wants to analyze trade volume and hit/miss ratio from TOMS and other platforms
Client wants the ability to autoex based on trade size. They would like to apply various spreads on inquiries based on counterparty and venue
Advanced ETRL
$28,125 for advanced but only connects to BBG. Need connections. $112,500 for ETRL with connections
What is a FOD user, and how much does it cost a firm to have one?
A client would like to set up a new dealer page. What team handles this?
Contributions
"I am looking to monitor my feeds and set up alerts for when issues arrive"
What tool can they use?
What does Bloomberg TOMS offer to market makers?
Traders have an algo they would like to price off of for trades of x volume. You are talking to the rates desk who is concerned with latency in pricing.
They would like a more customized way to respond to RFQs
BROADWAY or ETMM
"I would like to customize my tickets via CUTS. What are some categories of labels/fields that I can add?"
Note labels
Note fields
Commissions
Reason codes
Reg reporting
Settlement locations
Reporting
Client would like to add a back office connection to support their new muni desk. What steps should you take to facilitate? Who should you involve?
- Find out if they are keeping their old back office. If so, $30+k annually to add a new one.
- GDSF entry
-Involve implementations. $30k implementation fee
"We need to stream TOMS pricing set in PSU to an external platform"
FIX offering
Client would like to contribute quotes from TW<GO> to ALLQ. What needs to be checked/set up?
1) SUIP - TOMS Admin only; enable offerings for ALLQ and ECN's on Book & Price Levels.
2) TW Offerings Management - TW<GO> >> Actions >> Offerings >> Intraday & Default
3) PSU - Amount for at least one side of the market is needed to offer to ALLQ.
4) CPT - Offering Trader for each Level
5) ETWS - AutoEx settings for a security
6) ETPS - Trader Settings: Status & ET Subscription
7) AET - Execution Trader for each Level
8) ETRL - To create routing rules; a must for non-inventory
Client has TOMS and MARS. Currently, user extracts data from TW and uses a trade feed but doesn't have an intelligent way of compiling it to make meaningful assessments.
What are some native and premium TOMS tools they could use?
TBLT
TTA
BQL
TH reports
Whats the difference between outside user, non privileged user, and privileged user?
Outside - A user who does not have a log-in under an account linked to the pricing number
NonPriv - user who has a log-in under an account linked to the pricing number, or who has been added as an external user, but who does not have trading or sales access
Priv - Users who have trading or sales access to TOMS
Client would like to be enabled for FIT. Where can they trade? Who should you involve?
Where you can trade
What are some of the products in the advanced ETEC offering, and what are they used for?
FIX - sending prices from PSU to venues
SSOX open order - automate bid/offer
ADF - positions and transactions
CMF - accept drop copies
Open CPTY - accept CPTY updates from back offices
IPREO - new issues
TTA - details on execution
How can I automate my offerings?
A muni trader is looking for a way price more bids-wanted for inventory and non-inventory bonds. They would like a way to derive a price based on a set of bond attributes.
TIGR - Trader Interactive Guard Rails (TIGR). At its core is the ability to rapidly and reliably generate curve ranges for user-created, feature-based groups of bonds. Create groups of bonds based on attributes, expressed as guardrails
Scales - Scales Engine enables you to build a spread curve based on bond attributes. You can choose from 25+ bond attributes to group, and price together using curves.
Why can't I delete my position or pricing record completely?
The reason you cannot delete a book is because you still have positions and pricing record(s) in PSU
1) you would need to flatten our your positions, by either manually entering reverse positions/tickets, or using {LATT <GO>} function (the latter is used in case you have multiple positions - setting Transfer = ALL, Account = Journal)
2) delete PSU record - PSU record per each security gets deleted automatically once you remove any positions for this security after back end (i.e. The next day) if your book is set to 'purge zero positions', so you can delete the book tomorrow.
Client is attempting to pull BVAL price through their feeds, however field is not populating
Client needs to be papered for BVAL to pull into feeds. Speak to Data rep