Differences

This shows you the differences between two versions of the page.

--- cats:procedures:futures:tradereview [2017/07/13 15:24] – [Move Forward or Liquidating Trades] jen
+++ cats:procedures:futures:tradereview [2017/12/19 03:21] (current) – external edit 127.0.0.1
@@ Line 1: / Line 1: @@
 =====Adding and Managing Futures Trades=====
 {{entry>0;Future Trades;-}}
-In addition to adding futures trades from contracts, you can add unattached trades such as hedges, GTC (Good-Til-Canceled) trades, spec trades, and options under the **Exchange Trades** > **Trade Data Entry/Review area**.
+In addition to adding futures trades from contracts, you can add trades such as hedges, GTC (Good-Til-Canceled) trades, spec trades, and options under the **Trade Data Entry/Review** area.
-[{{:cats:procedures:futures:trades_dataentryaccess.png|Select Exchange Trades and Trade Data Entry/Review to add futures trades.}}]
 From this area you can also liquidate or roll forward trades, modify trades, un-attach or attach trades from or to physical contracts, and execute GTC trades.
 ====Scanning Open Trades====
-A scan of open trades will pop up. This scan by shows all open trades in the system.
+Select **Exchange Trades** > **Trade Data Entry/Review** > **Trades Scans** from the main menu.
+[{{:cats:procedures:futures:tradescan_accessmenu.png?|Select Exchange Trades and Trade Data Entry/Review to add futures trades}}]
+A scan of open trades will pop up. This scan shows all open trades in the system.
 [{{:cats:procedures:futures:trades_scanincludingtbf.png|Scanning Open Trades}}]
@@ Line 90: / Line 93: @@
 When finished with this lookup, pick **Exit** to return to the Exchange Trades menu. Recalculate trades as needed or review them on futures reports.
-====Move Forward or Liquidating Trades====
+====Move Forward or Liquidate Trades====
-Trade liquidation is done to close out expiring trades by matching long and short open trades and use them to cancel each other out OR to roll forward trades tied to old position months into new positions.
+<note tip>Trade liquidation is done to close out expiring trades by matching long and short open trades and use them to cancel each other out OR to roll forward trades tied to expiring position months into new positions.</note>
-Go to **Exchange Trades > Move Forward or Liquidate**. Next choose **Trades by Position** OR **Offsetting Trades**.
 [{{:cats:procedures:futures:exchangetrades_accessmenu.png?|Exchange trades menu options}}]
-===Trades by Position - Move Forward or Liquidate Position Using a Grid of Trades===
+====Trades by Position - Move Forward or Liquidate Position Using a Grid of Trades====
-If you select this option, you will be asked to filter for one set of trades to liquidate.
+Use this option to liquidate or roll specific trade entries in batches. The resulting new trades will be attached to the same physical as trade that is liquidated.
-Enter a position, exchange and product then select **Apply** to see a list of matching trades.
+Go to **Exchange Trades > Move Forward or Liquidate > Trades by Position**.
 [{{:cats:procedures:futures:exchangetrades_moveforwardliquidate1.png?|Enter filters and pick Apply to see a list of trades to liquidate}}]
+Enter a position, exchange and product then select **Apply** to see a list of matching trades.
-The list of trades displayed will show you how many units are available to liquidate in the Unit column. A box to filter trades will also be displayed.  Enter the units to liquidate in the **Liq** column or further filter this list by using the filter box in the top right hand corner.
+The list of trades displayed will show you how many units are available to roll/liquidate in the **Units** column. A box with options for filtering the list and selecting trades will also be displayed.
+Enter the units to roll/liquidate in the **Liq** column or further filter this list by using the filter box in the top right hand corner.
 [{{:cats:procedures:futures:exchangetrades_mainscreenwithfilterbox.png?|List of trades and filter trades pop up.}}]
@@ Line 109: / Line 117: @@
 When you have finished selecting the trades, use the menu items to proceed.
 [{{:cats:procedures:futures:liquidatetrade_menuoptions.png?|Menu options}}]
-  * **Check** - this function will check to see if you have balanced liquidation.\\
+===Check===
-Check to see if you have a balanced liquidation. Pick **OK** to continue.\\
+To display information about the selected trade entries (for example, to confirm that you have a balanced liquidation).
 [{{:cats:procedures:futures:exchangetrades_checkingtrades.png?|Checking trade balance.}}]
-  * **Roll Forward** - roll the trades to a later month.\\
+Pick **OK** to continue.\\
-Pick Roll Forward to roll the trades to a different month. All information in this box must be filled in. \\
+===Roll Forward===
-**Liquidation date** - Date for the new trade.\\
+Rolls the selected trades to a later month by liquidating the old trades and entering a new trade with the new position.
-**Liquidation price** - Price for old trades to be closed at.\\
-**Opening position** - Position for the new trade.\\
+Select **Roll Forward** to the trades to a different month.
-**Opening price** - Price for the new trades.\\
-Press **Apply** to continue.
 [{{:cats:procedures:futures:movetradeforward_apply.png?|Move trade forward}}]
-  * **Liquidate** - move them out of open trade.\\
+All information in this box must be filled in.\\
-Pick Liquidate to close the trades at one price, moving them out of open position. CATS will display a message with the trades that were selected. Press **Yes** to continue and **No** to go back to the trade selection screen.
+  * **Liquidation date** - Date for the new trade.\\
+  * **Liquidation price** - Price for old trades to be closed at.\\
+  * **Opening position** - Position for the new trade.\\
+  * **Opening price** - Price for the new trades.
+Press **Apply** to continue.
+===Liquidate===
+Liquidate open trades by selecting equal and opposite trades which offset each other.
+Pick **Liquidate** to close the trades at one price, moving them out of the open position. CATS will display a message with the trades that were selected.
 [{{:cats:procedures:futures:movetradeforward_liquidatingtrades.png?|CATS message showing selected trades.}}]
-Next, enter a liquidation date and price. Press **Apply** to continue.
+Press **Yes** to continue or **No** to go back to the trade selection screen.
+Next, enter a liquidation date and price.
 [{{:cats:procedures:futures:movetradeforward_liquidatingtradeprice.png?|Enter liquidation date and price.}}]
+Press **Apply** to continue.
 CATS will display a message that the selected trades have been moved.
 [{{:cats:procedures:futures:movetradeforward_2tradesmoved.png?|Message that trades have been moved.}}]
-===Offsetting Trades - Liquidate by entering a pair of Trade Numbers===
+====Offsetting Trades - Liquidate by entering a pair of Trade Numbers====
+Use this option to liquidate two offsetting trade entries in CATS.
+Go to **Exchange Trades > Move Forward or Liquidate > Offsetting Trades**.
 Enter two trade numbers to liquidate these trades.
 [{{:cats:procedures:futures:tradeliquidation_enterinfo.png?|Enter the trade information.}}]
+If you do not know the correct number, a chooser will pop up showing you the available trades to choose from on the Purchase or Sale side. Pick a trade from the chooser and click **Continue** to select it.
-If you do not know the correct number, a chooser will pop up showing you the available trades to choose from on Purchase and Sale sides. Pick a trade from the chooser and click **Continue** to select it.
 [{{:cats:procedures:futures:tradeliquidation_findtrade.png?|Select trades.}}]
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 The **? > Physical Trades** list shows all contract-related trades in the system.
- [{{:cats:procedures:futures:futures_physicaltradeschooser.png|Scanning Physical Trades in entry order.}}]
+ [{{:cats:procedures:futures:physicaltrades_list.png?|A list shows all contract-related trades}}]
-This allows you to see details about the the most recently entered trades, although you should see a full history of all physical trades in CATS here. You can use the toolbar menu to
+This allows you to see details about the the most recently entered trades, although you should see a full history of all physical trades in CATS here.
 The **? > Futures Trades** menu option displays a chooser of all hedges, spec, and other non-physical trades in the system.
-[{{:cats:procedures:futures:futures_futurestradeschooser.png|List of Futures Trades in CATS}}]
+[{{:cats:procedures:futures:futureexchangetransactions_list.png?|List of future exchange transactions.}}]
 As with other choosers in CATS, you can Print to HTML when viewing the Futures Trades chooser. Drag and order by columns to get them the way you want to see them, then pick Print to HTML to print the list.