Match-Trade Technologies

Installation #

The installation process consists of the following steps:

1. Install the adequate version of Java (32bit or 64bit) from the Java support page

You can find different version of Java under the link below:

https://javadl.oracle.com/webapps/download/AutoDL?BundleId=245479_4d5417147a92418ea8b615e228bb6935

2. Install application from the following link:

http://mtupdates.match-trade.com:8082/updates/mtr/mt-admin/admin_mtr.jnlp

Log in to Admin application #

1. To log in you need to type the correct server address in the Server field. The server address is always provided by Match-Trade Technologies.
2. In the Login and Password field you need to type credentials to your administrator account.
3. If you click “save login data”, then the system will store your login and password on your local computer, which will be used for future logins to the applications.

4. In the config area it is possible to set a system separator and address for automatic updates of the application.

Groups #

In the main window, you can see a list of all groups with their parameters.

• Group Name –  It is the name of the group
• Dep Curr  – It is a deposit currency of the client group
• Comm / MM – It is a default commission per million USD traded
• Pending multiplier / 1000 – it is a % value that is applied as a margin for pending orders
• Default Leverage % – it is default leverage of the group
• S/O Level  – it indicates at what level accounts will reach the stop out activation
• Hedged – it indicates if this group should be hedged with LP
• Manager – it indicates if the group consists of manager users

If you double click on the group, then it is possible to change some additional group parameters

Currency Decimal Places

Agent Commission per Million – It is a value of commission that can be added to agent accounts

Margin Call in % – it is a level when clients receive a margin call notification

Price Filter Interval [ms] – the delayed execution of scalpers’ trades in milliseconds

Company – it is an owner of the group

Hedging/Routing enabled – [only for Match-Trader server license] enabling this makes it possible for orders from this group to be routed to another LP. This group needs to be configured in Routing Rules Tab

Coverage Mode – [only for Match-Trader server license] Enabling routing allows You too route the trades from specified symbols in the routing rules to different account in case it’s internall or different LP through LP connector, coverege marking is used in case of hedging exposition with external LP to net expositions in the position summary – so when You are fully hedged, position summary should not present any exposition.

Admin Role – it is a setting that indicates if users in this group should have Manager Role

Broker Manager Role – it is a setting that indicates if users in this group should have Broker Manager Roles

Commission UpFront – it is a setting which charges the commission upfront, only during opening trade (exact value, specified on the symbol’s setting).

Islamic SWAP – when you set this option, the swaps will be displayed in the system as a deposit/withdrawal with the comment “storage fee” containing Position and symbol.

EOD Reports Mode – you can define if you wish to send daily reports to your clients
EOM Reports Mode – you can define if you wish to send monthly  reports to your clients

EOM/EOD Generation time – you can define at what time you want to send daily and monthly reports

Swap Calculation time – it is time when swap will be calculated on clients accounts

Default retail mode – when is enabled, the newly created account in this group will be in retail mode, if it is disabled the account will be in FIFO mode. This option does not change the mode for existing accounts.
Margin Calculation type – it is a parameter thatset the margin calculation mode

• UNRALIZED_LOSS_ONLY – use loss only: Free Margin = Equity (Unrealized loss) – Margin
• UNRALIZED_PROFIT_LOSS – use loss and profit: Free Margin = Equity (Unrealized loss + Unrealized profit) – Margin

Button Configure instruments – it allows changing instrument settings in a particular group

Button Configure SMTP – it allows setting a mailer to send  notifications to the clients

ISLAMIC SWAPS

Group instruments Details

If you click on Configure Instruments button then you will be able to enable or disable instruments in the group, set specific markups, commission, swaps or leverage per instrument in a given group. Some of the columns are the same as in the general Symbols tab, if the values are set in the group they overwrite the values from general tab. Columns different from general tab are:

• Enabled – it defines which symbols are enabled to be traded and quoted in the group
• Bid Markup – enables us to add a markup for the bid price. Must be added as negative value
• Ask Markup – enables us to add a markup for the ask price. Must be added as positive value
• Total Markup – shows the sum of bid and ask markup
• Min. Vol. – enables us to set a minimum volume on the instrument
• Max. Vol. – enables us to set a maximumvolume on the instrument
• Comm. Type – it defines how the commission should be calculated.
• Commission – size of the commission
• Min. Comm. $ – minimum commission which will be taken
• Agent C. Type – it defines how the commission should be calculated for agent account
• Agent Comm. – size of the agent commission
• Close Only Mode for Retail – selected symbol will be only possible to close (functionality available only for retail accounts)
• Leverage – custom leverage for particular instrument
• Fixed Leverage – if the box is checked, then the “Leverage” value from the previous point will be final leverage for the instrument. If the box is not checked then the “Leverage” value from the previous point will be multiplied by leverage set on client’s account
• Max Exposure $ – enables us to establish maximum exposure (in $) for particular instrument for one client
• Swap Schedule Type
  • Days
  • Hours
• Swap Schedule Value
• Swap Free Days – Specifies how many days after opening a position Swaps are not charged. A parameter set to 7 would mean that swaps will be charged for the first time only on the 8th day after opening the transaction.

Example of Swap Schedule use:

• Swap Schedule Type = HOURS
• Swap Schedule Value = 3
• Swap Calculation Time (specified on group settings) = 00:00

In this example, Swaps will be charged every 3 hours starting from 00:00.

• Swap Schedule Type = DAYS
• Swap Schedule Value = 3
• Swap Calculation Time (specified on group settings) = 00:00

In this example, Swapy will be charged every 3 days at 00:00, since the value was set.

Commision Configuration #

Broker Commission

To set commission for clients trades (commission what Broker will get from clients) through Match-Trader Administrator you will need to do those steps :

1. Log in to your account in Match-Trader Admin and choose the „Groups” tab

2. Next you should choose a group, by double click on it, in which you want to set commission. A Group configuration window will appear. In the Commission per Milion tab, you should type the value of commission and save changes by clicking ok. After that window with confirmation will appear.

A-book example. If you set e.g: $20 commission for your clients on the a-book group and we charge you just only e.g: $10 commission from hedge then you make a profit on a-book on your clients.

How this commission is calculated – This commission is calculated with the next formula (commission per million value/1000000)*(nominal value of instrument * lot traded by client * exchange rate to USD(only if the nominal value is in another currency))

            For example, the client traded 1 lot of AUDUSD. AUDUSD nominal value is 100 000 AUD. AUD exchange rate to USD is 0,73. And we set Commission per Milion at 10. So formula in this case will be next : (10/1000000)*(100000*1*0,73) = 0,73. This is a commission for opening trade.

            When the client closes trade commission will be calculated again. So total commission, in this case, will be 1,46 for the Client.

Agent Commission

Note that if you will set IB commission in Client Office and Match-Trader Admin, your agent will get commission 2 times. So we recommend setting this only through one app. In Client Office or Match-Trader.

Note the agent commission is included in the broker commission, for example when you put $10 in the “Commission per Million” and $2 in the “Agent Commission per Million” field then the broker will receive $8 and the agent $2 per million

There are 2 possible ways to set up a commission for agents. The first is for the whole group, second is separately for every instrument in this group. Note you can use only one method of agent commission per group.

            First method. For the whole group.

To set commission for an agent (commission what IB will get from clients orders) through Match-Trader Administrator you will need to do those steps :

1. Log in to your account in Match-Trader Admin and choose the „Groups” tab

2. Next you should choose a group, by double click on it, in which you want to set commission. A Group configuration window will appear. And in Agent Commission per Milion section, you should type value of commission and save changes clicking ok. After that window with confirmation will appear.

How this commission is calculated – This commission is calculated the same as broker commission. With next formula (commission per million value/1000000)*(nominal value of instrument * lot traded by client * exchange rate to USD(only if the nominal value is in another currency))

            For example, the client traded 1 lot of AUDUSD. AUDUSD nominal value is 100 000 AUD. AUD exchange rate to USD is 0,73. And we set Commission per Milion at 10. So formula in this case will be next : (10/1000000)*(100000*1*0,73) = 0,73. This is the agent commission for opening trade.

            When the client closes trade agent commission will be calculated again. So the total commission, in this case, will be 1,46.

Second method. For a specified instrument in the group.

1. The First step is identical to the previous method
2. Next you should choose a group, by double click on it, in which you want to set commission. A Group configuration window will appear.  You will need to use Configure Instruments option.

3. In the Group Instruments Details window you will be able to set agent commission type and size for individual symbols. Near instruments, you have 2 tabs, that are responsible for agent commission. In Agent C. Type we define how the commission will be calculated for your agent. In the Agent Commission tab, we will type the value that will be calculated for an agent. After you choose commission type and its value, you`ll need to click OK to save changes. In the end, you will get confirmation, that all changes were saved.

4. Here you can see how commission types are calculated.

USD / $1M. This commission type is set per 1 million USD traded by the client. If you set this type, your agent commission will be calculated with this formula – (1000000/commission value) * lot traded by client * nominal value of instrument * exchange rate of nominal value to USD( only if the nominal value is in another currency than USD).

For example – We set up USD/$1M with the value of 10. The client opened a position of 1 lot on EURUSD. This instrument nominal is 100 000 Euro, the exchange rate at that moment was 1,18 USD for 1 EUR. So calculation will be (1000000/10)*1*100000*1,18 = 1,18 – this is what your agent will get for this client opening this trade. Then after a few minutes, this client closed this order, and if assuming that the exchange rate didn`t change he will get another 1,18 of commission.

USDc / Contract. This commission type is set USD Cents per instrument lot size traded by the client. If you set this type, your agent commission will be calculated with this formula – commission value * instrument lot size * lot traded by the client.

You shouldn`t use this commission type for forex instruments, because they have a lot size of 100 000, so the minimal commission for 1 lot traded by a client will be 1000 USD.

USDc / Lot. This commission type is set USD Cents per lots traded by the client. If you set this type, your agent commission will be calculated with this formula – commission value * lot traded by the client.

For example – We set up USDc/Lot with the value of 3 for AUDCAD. So it`s will be 3 cents per 1 lot traded by the client. The client opened a position of 1 lot on AUDCAD. So 0,03 * 1 = 0,03 USD or 3 cents of commission for your agent.

1/10% permille. This commission type is set at 0,1% per nominal value traded.  If you set this type, your agent commission will be calculated with this formula – commission value * 0,1% * lot traded by client * nominal value of instrument * exchange rate of nominal value to USD( only if the nominal value is in another currency than USD).

For Example – We setup 1/10% permils with value of 5 for GBPNZD. Client opened 1 lot of GBPNZD and GBP exchange rate to USD is 1,3111 at the moment. Commission will be 5 * 0,1% * 1 * 100 000 * 1,3111 = 655,55 of commission to your agent.

Pips. This commission type is set points value per lot traded. If you set this type, your agent commission will be calculated with this formula – commission value * instrument pip value * lot traded.

For Example – We set up Pips commission with the value of 3 for AUDCAD. The client opened the position of 2 lots on AUDCAD and this instrument has a pip value of 0,75641. Commission will be 3 * 0,75641 * 2 = 4,54 USD for your agent.

The easiest way to find instrument pip value will be through the trading platform. You can click on the information button on the instrument.