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MiFIR Reporting - Configure TWS and API Defaults

Background

You can define default TWS and API decision-maker and execution trader values in Global Configuration for MiFIR reporting. To access these settings, in TWS Global Configuration go to Orders and then select MiFIR. Define the following default values:


Set MiFIR defaults

TWS Defaults

  • Decision Maker is the owner of the account - The account owner will be named as the default decision-maker for all orders submitted via TWS.
  • Decision Maker is myself - You, the trader, will be named as the default decision-maker for all orders submitted via TWS.
  • Decision Maker: - Select a decision maker to use as the default. Choices are those that were defined in Account Management.
  • I will provide Decision Maker - No default decision-maker will be named; you must define a decision maker on a per-order basis.

API Defaults

  • Decision Maker is the owner of the account - The account owner will be named as the default decision-maker for all orders submitted via the API.
  • Decision Maker is myself - You, the trader, will be named as the default decision-maker for all orders submitted via the API.
  • Decision Maker: - Select a default decision maker to use as the default. Choices are those that were defined in Account Management.
  • Decision Algo: - Select a default decision algo to use as the default. Choices are those that were defined in Account Management.
  • I will provide Decision Maker or Algo - No default decision-maker or decision-algo will be used by default; you must define one on a per-order basis.

Execution Defaults

  • Execution Algo - Select a default executing algo to use as the default. Choices are those that were defined in Account Management.
  • Execution Trader: Select a default executing trader to use as the default. Choices are those that were defined in Account Management.
  • Execution Trader is myself, or I will provide on each order - No execution trader or algo will be used by default; you must define one on a per-order basis.

For more information about MiFID, see the Overview of MiFIR Transaction Reporting page.