APL SMA Trading (Contents, Download)

The APL Trading system enables managers and traders to implement and execute complex trading scenarios quickly. In addition, the system is real-time, which means that the holdings and cash positions are known at all times. The trading system also enables managers or traders to create a hypothetical posting of trades that show how an account would look if a given trade is executed. Managers or traders can then analyze the effect of the trades on the portfolio.

Tip: An Adobe Acrobat^TM formatted version of the complete User Guide (PDF) materials are available for sharing with your customer.

Table of Contents

• Chapter 1: Overview
  • 1.1 What is the APL Trading system?
  • 1.2 What is APL?

• Chapter 2: Account Master Database
  • 2.1 Required fields 2
    • Account identifier 2
    • Group fields 2
    • Broker fields 2
    • Model, investment type, sell code and target fields 3
    • Depository Trust Company (DTC) 3
    • Calculated fields 3
  • 2.2 Rebuilding trading windows for specific accounts 4
    • Rebuilding data universes from selected accounts 4

• Chapter 3: Trading Restrictions
  • 3.1 User-Defined Restrictions
    • Setting up User-Defined Restrictions
  • 3.2 Restrictions Using Database Manager Commands
    • Setting up Account Restrictions
  • 3.3 Compound Restrictions
  • 3.4 Restriction Scenarios
    • Restrictions Based on Trade Type
    • Restrictions Based on Amounts Held
    • Other Restriction Scenarios
  • 3.5 Applying and Maintaining Restrictions
    • Coding Restrictions Across all Accounts
    • Adding Restrictions to a Selected Group of Accounts
    • Removing Restrictions from Selected Accounts
    • Searching for Accounts with Specific Restrictions
    • Searching for Securities that have Restrictions
  • 3.6 Updating Restriction Codes Intraday
    • Updating Restrictions on All Accounts
    • Updating Restrictions on Selected Accounts
  • 3.7 Reports for Tracking Restrictions

• Chapter 4: Account Selection Utilities
  • 4.1 Pseudo fields
  • 4.2 Account selection variables

• Chapter 5: Trade Creation Tools
  • 5.1 Single security trading
    • Single Security What-if tool
    • Trade Allocator tool
    • Generic What-if tool
  • 5.2 Trading against model accounts
    • Selecting an existing model
    • Mapping a portfolio model to track an account
    • Creating a model based on an existing portfolio
  • 5.3 Account Rebalancer tool
    • Additional functions, single account adjustment screen
    • Multi-account Raise Cash tool
  • 5.4 Swapping trades
    • Quick Swap tool
    • Dollar-preserving Swap tool
    • Multiple Share Swap tool
    • Duration-neutral Swap tool
    • TBA Pool Allocation tool
  • 5.5 Communicating allocations to brokers
  • 5.6 Communicating trades to custodians
  • 5.7 Automating ticket charges and commissions

• Chapter 6: Trading Utilities
  • 6.1 On-Demand Request to Add Securities
    • On-Demand Requests During Error Checks
  • 6.2 Pending Mutual Fund Orders
    • Set Up Considerations
    • Mutual Fund Order Characteristics
    • Nightly Processing
    • Universe Subscription Table
    • Processing Tools
    • MFPEND Field
    • Exception Reports

• Chapter 7: Intraday Cash Adjuster
  • 7.1 About the Intraday Cash Adjuster
  • 7.2 Using the Intraday Cash Adjuster
    • Add Cash Adjustments
    • Upload Cash Adjustments
    • Edit and Delete Cash Adjustments
    • Trade Cash Adjustments

• Chapter 8: DTC Functions
  • 8.1 DTC process summary
    • Settlement process
  • 8.2 DTC functions and reports
    • Main DTC processing run: RUNDTC
    • Trade matching report (pre-posting): MATCH
    • Match to posted transactions: PORTNOMATCH
    • Post trades from DTC data: TRADES
    • Broker-dealer match reports
    • Post commissions from DTC report: DTCUPDATECOMM
    • Affirming DTC transactions: DTCAFFIRM
    • Force trade matching: FORCEDTC
    • Retrieve afternoon confirms: MIDDAYCONFIRMS
    • Creating omnibus accounts: OMNIBLOT

• Chapter 9: Galaxy Wrap
  • 9.1 Using Galaxy Wrap
    • PHONEGALAXY function
    • Galaxy Trade Flow Process for Full Execution
    • Galaxy Trade Flow Process for Partial Executions

• Chapter 10: Reports
  • 10.1 Activity reports
  • 10.2 Commission reports
  • 10.3 Transaction reports
  • 10.4 Blotter/block reports

• Chapter 11: Utilities
  • 11.1 Print manager
  • 11.2 Browsing reports
  • 11.3 Submitting reports
  • 11.4 Electronic mail (including PNEWS)
    • Accessing the electronic mail feature
    • Reading mail
    • Sending mail
    • Retrieving news with PNEWS
    • Listing mail
    • Printing and deleting mail
  • 11.5 Securities quotes
    • Monitoring the securities in a portfolio
    • Viewing security pages
    • Editing or deleting a quotes page
  • 11.6 Fundamental data services (quotes and vendor security databases)
  • 11.7 Terminal security

• Appendix A: Interfacing with APL Trading
• Appendix B: Financial Information eXchange (FIX)
  • B.1 FIX Trading Partner Destinations
  • B.2 FIX Trade Order Workflow
    • Send FIX Orders
    • Receiving FIX Executions
  • B.3 Viewing FIX Order Status
  • B.4 Cancel FIX Orders
  • B.5 Email Notification
  • B.6 Fixed Income Orders and FIX
    • Optional FIX Bond Features
  • B.7 Important Notes