TERMCODES - F&O Trading
What is TERMCODES
These codes are necessary for the maintenance of instrument/commodity codes, the collection of prices, the calculation of extended values etc. ITAS is an entirely codes based design where the users need to setup various codes before commencing trade/document entry.
Commodity Exchanges codes, maintain the different exchanges e.g. FOX, LIFFE, NYCSC, CBOT, etc. These codes are needed to describe the exchanges that control the ITAS commodities/instruments (TCCM) being traded. The content is important for establishing Fee structures, the websites from which SPAN_NOW will import F&O prices and span arrays, SFA reporting codes to use and the country of residence is needed to determine some basic practices of the exchange e.g. how premiums are paid/received.
Trade codes, If the company is operating futures hedge/price fixing procedures, these codes are extremely important. These codes are used to inform several ITAS procedures e.g. TERM/TRADE about the status of the trade deal being entered/maintained so that correct processes are fulfilled for the pricing. An example of their use is Deliveries to/from Exchange where ITAS would recognise a code = 'TDR' (Tenders), see FAQ 'Delivery Notices'.
Download Parameters, details of the URL/Web sites for locating futures/options market prices. Usually codes and/or setup by Hivedome
Bloomberg Option Tickers, details of F&O Option series that need their ticker code maintained in order to collect the Bloomberg prices successfully
Kiodex Workbench parameters, only needed when Company is operating Kiodex interface
F&O strategy, activated by S01 parameter (ctrl20_strategies). Set of codes to be used in F&O/TERM entry and reporting (TOPEN) for further segregation of business type
F&O strategy Group & F&O strategy Super Group, activated by S01 parameter (ctrl20_strategies). Set of codes to be used in F&O/TERM entry and reporting (TOPEN) for further segregation of business type. Used in addition to Strategy Codes and not necessarily always related to same codes.
Commission Codes, activated by S01 (ctrl20_codecomsn). These codes enable an alternative commission rate to be defaulted in TERM. The link is the TERM commodity code and it’s exchange whereby any number of Commission codes can be setup and applied in TERM (manually) or via BRKIMPORT/standard