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Using Minimum and Rounding Tables |
Using Minimum and Rounding Tables
The Minimum and Rounding Tables is an administrative utility that maintains trade minimum and rounding parameters in tables. When the configuration is set to use the minimum and rounding tables, the values specified in the table determine if the trade meets the minimum criteria. If the minimum requirements are met, the UMA Strategy Rebalancer and Account Adjuster can carry out trades to rebalance and adjust accounts. Minimum and rounding criteria can be consistently applied across multiple rebalancing trading tools as well as commit. Setup is required to be able to use the Minimum and Rounding Tables.
Minimum and Rounding Tables and the UMA Master Manager Rebalancer
If configured for Minimum and Rounding Tables, the Rebalancer Parameters screen shows a prompt at the top of the screen to choose to use the Minimum and Rounding Table.
The default will be to use the table, which will set all of the minimum and rounding values on the screen to TABLE and lock those fields.
To change any of these values and thus override those values in the Minimum and Rounding Table, change the response to not use the Minimum and Rounding Table.
If configured for MRT, the UMA Rebalancer Rules screen will not display the minimum trade queries.
The Override Min from Drift Rules is not available when the Minimum and Rounding Table is set to Yes.
Due to technical issues in OneView, choosing to use the Minimum and Rounding Table will not prevent changing parameter values. However, any such changes will be ignored.
Configuring Minimum and Rounding Tables for Submodels
UMA master managers can set minimum and rounding table values at the submodel level based on submodel market value. For information about accessing and setting values in tables at the Expert, account, universe and group levels, refer to the “Quick Reference Guide: Configuring Minimum and Rounding Trades Table.”
They can also set minimum and rounding values for individual submodels. Values specified for individual submodels have priority over all other rounding and minimum values when trading tools calculate trades. This utility allows master managers to customize the minimum and rounding values that the system applies to all securities in a specific submodel to carry out trades.
To access submodel tables and set rounding and minimum values:
Open the Default Minimum And Rounding Settings Table.
In the window, press F5. The SUBMODEL-LEVEL ROUNDING AND MINIMUM screen opens.
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To select a submodel, at the blinking cursor in the Sub-model column: o Press F1 to display a list of all submodels in the directory or universe.
When users are in the Expert, account-group and universe tables, the system displays an alphabetical list of submodels.
When users are in the account table, the system displays submodels included in the current account master model at the top of the list; the remaining models are displayed in alphabetical order, after the submodels.
Alternatively, type the submodel name.
To confirm the selection, press ENTER. The name of the selected model displays in the Submodel-Level Rounding and Minimum window.
To customize rounding and minimum values for submodels, use the TAB key to select a column. At the blinking cursor, enter the new value.
To display the list of rounding methods, place the cursor in the Rounding Method column and press F1. Select the rounding method and press ENTER.
To save the submodel parameters, press F10. The system validates the rounding and minimum criteria. If all entries are valid, the system saves the changes and displays the previous rounding and minimum window. When there is an invalid entry, an error message is displayed.
Overriding Submodel Table Values
Configuration settings determine if values specified in minimum and rounding tables are used as thresholds for trading. However, master managers can give submanagers the right to override the rounding and minimum table values. In this case, submanagers can specify rounding and minimum parameters when they run the trading tool. This feature allows submanagers to control the parameters that the Account Adjuster and Strategy Rebalancer will use when proposing the trades. This feature is available only on the default table for the directory.
To set the override table parameter:
From the Default Minimum And Rounding Settings Table, press F4. The Rounding and Minimum Overrides window displays all submodels available in the client directory or universe. By default, the Allow Override parameter is set to Yes, as illustrated below.
To set the Allow Override parameter, at the blinking cursor o Press F9 to toggle between Yes and No. o Alternatively, press F1. A popup window displays Yes and No. Select the value.
To save the override permissions, press F10. Select YES and press ENTER. The system saves the settings and returns to the Default Minimum And Rounding Settings Table window.
Commit Check
If configured, the commit check process will utilize the Minimum Trades Table for minimum and rounding requirements.