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Block Allocation for Trade Managers

by | Tips & Strategies

dt Pro allows CTAs, professional trade managers, systems traders and personal traders to create, manage, and modify block allocations directly on the platform. Not only can you trade directly into the block account, but your trades are automatically allocated based on your defined rules and the fills break down in real-time to reduce time spent managing blocks. It’s all done in real time – no back office support or administration required!

Benefits of Block Allocation include:

  • One User ID for multiple accounts
  • Real time allocation based on predefined rules
  • Trade for multiple accounts with one click of a button
  • When Block Allocation is active, the block account will only trade in increments of the total allocation! Trading in 30 lots per unit? dt Pro will make sure your quantities are 30, 60, 90, etc.
  • Allocation rules and execution are managed by the trader. No need to adjust allocations or request trade moves through the back office!

To learn more about the functionality of the Block Allocation Manger for dt Pro, please see our “dt Pro Tutorial: Block Allocation” video below. If you would like a trial to the Block Allocation Manager on dt Pro, please call or email your broker or account representative at Daniels Trading. If you do not have one, please email me at cturner@danielstrading.com or call 1-800-958-9470 or 1-312-706-7610, and I will help you get started.

dt Pro Tutorial: Block Allocation

Turner’s Take Newsletter & Podcast

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Turner’s Take Newsletter & Podcast - Turner’s Take is a complimentary weekly market commentary newsletter that covers the Grain, Livestock and Energy futures spread markets using fundamental, technical and seasonal analysis.

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About Craig Turner

Craig Turner is a Senior Broker at Daniels Trading, author of Turner’s Take newsletter, and a Contributing Editor for Grain Analyst. Craig is often quoted in the Wall Street Journal, Reuters, Dow Jones Newswire, Corn & Soybean Digest, and also makes appearances on SiriusXM – Rural Radio Channel 80 providing commentary for the Grain and Livestock markets. Craig has also been featured in FutureSource’s Fast Break series, Futures Magazine Online, and INO.com. Mr. Turner has a Bachelors from the Rensselaer Polytechnic Institute (RPI) where he graduated with honors and has worked at the NYSE and Goldman Sachs. While at Goldman, Craig earned his MBA in the NYU Stern executive program. Learn more about Craig Turner.

Risk Disclosure

BLOCK ORDER PRICE MAY DEPEND ON THE ORDER ROUTING SYSTEM USED. DANIELS TRADING IS NOT AFFILIATED WITH NOR DOES IT ENDORSE ANY ORDER ROUTING SYSTEM. DANIELS TRADING DOES NOT GUARANTEE OR VERIFY ANY ORDER PRICE OR CLAIM MADE BY SUCH SYSTEMS.

NOTE THAT THE AVERAGE PRICING SYSTEM (APS) ALLOWS A CLEARING FIRM TO CONFIRM TO CUSTOMERS AN AVERAGE PRICE WHEN MULTIPLE EXECUTION PRICES ARE RECEIVED ON AN ORDER OR SERIES OF ORDERS FOR FUTURES, OPTIONS OR COMBINATION TRANSACTIONS. AN ORDER OR SERIES OF ORDERS EXECUTED DURING A REGULAR TRADING HOURS SESSION AT MORE THAN ONE PRICE MAY ONLY BE AVERAGED PURSUANT TO APS IF EACH ORDER IS FOR THE SAME ACCOUNT OR GROUP OF ACCOUNTS AND FOR THE SAME COMMODITY AND MONTH FOR FUTURES, OR THE SAME COMMODITY, MONTH, PUT/CALL AND STRIKE FOR OPTIONS.

THE CME COMPUTES THE AVERAGE PRICE BY MULTIPLYING THE PRICE BY THE QUANTITY EXECUTED AT EACH PRICE AND THEN DIVIDED BY THE TOTAL QUANTITY.

THIS MATERIAL IS CONVEYED AS A SOLICITATION FOR ENTERING INTO A DERIVATIVES TRANSACTION.

THIS MATERIAL HAS BEEN PREPARED BY A DANIELS TRADING BROKER WHO PROVIDES RESEARCH MARKET COMMENTARY AND TRADE RECOMMENDATIONS AS PART OF HIS OR HER SOLICITATION FOR ACCOUNTS AND SOLICITATION FOR TRADES; HOWEVER, DANIELS TRADING DOES NOT MAINTAIN A RESEARCH DEPARTMENT AS DEFINED IN CFTC RULE 1.71. DANIELS TRADING, ITS PRINCIPALS, BROKERS AND EMPLOYEES MAY TRADE IN DERIVATIVES FOR THEIR OWN ACCOUNTS OR FOR THE ACCOUNTS OF OTHERS. DUE TO VARIOUS FACTORS (SUCH AS RISK TOLERANCE, MARGIN REQUIREMENTS, TRADING OBJECTIVES, SHORT TERM VS. LONG TERM STRATEGIES, TECHNICAL VS. FUNDAMENTAL MARKET ANALYSIS, AND OTHER FACTORS) SUCH TRADING MAY RESULT IN THE INITIATION OR LIQUIDATION OF POSITIONS THAT ARE DIFFERENT FROM OR CONTRARY TO THE OPINIONS AND RECOMMENDATIONS CONTAINED THEREIN.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. THE RISK OF LOSS IN TRADING FUTURES CONTRACTS OR COMMODITY OPTIONS CAN BE SUBSTANTIAL, AND THEREFORE INVESTORS SHOULD UNDERSTAND THE RISKS INVOLVED IN TAKING LEVERAGED POSITIONS AND MUST ASSUME RESPONSIBILITY FOR THE RISKS ASSOCIATED WITH SUCH INVESTMENTS AND FOR THEIR RESULTS.

TRADE RECOMMENDATIONS AND PROFIT/LOSS CALCULATIONS MAY NOT INCLUDE COMMISSIONS AND FEES. PLEASE CONSULT YOUR BROKER FOR DETAILS BASED ON YOUR TRADING ARRANGEMENT AND COMMISSION SETUP.

YOU SHOULD CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES AND FINANCIAL RESOURCES. YOU SHOULD READ THE "RISK DISCLOSURE" WEBPAGE ACCESSED AT WWW.DANIELSTRADING.COM AT THE BOTTOM OF THE HOMEPAGE. DANIELS TRADING IS NOT AFFILIATED WITH NOR DOES IT ENDORSE ANY TRADING SYSTEM, NEWSLETTER OR OTHER SIMILAR SERVICE. DANIELS TRADING DOES NOT GUARANTEE OR VERIFY ANY PERFORMANCE CLAIMS MADE BY SUCH SYSTEMS OR SERVICE.

GLOBAL ASSET ADVISORS, LLC (“GAA”) (DBA: DANIELS TRADING, TOP THIRD AG MARKETING AND FUTURES ONLINE) IS AN INTRODUCING BROKER TO GAIN CAPITAL GROUP, LLC (GCG) A FUTURES COMMISSION MERCHANT AND RETAIL FOREIGN EXCHANGE DEALER. GAA AND GCG ARE WHOLLY OWNED SUBSIDIARIES OF STONEX GROUP INC. (NASDAQ:SNEX) THE ULTIMATE PARENT COMPANY.