StoneX®

Trade Futures, Spreads and Options with Confidence.

 

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

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.

The StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided. References to over-the-counter (“OTC”) products or swaps are made on behalf of StoneX Markets LLC (“SXM”), a member of the National Futures Association (“NFA”) and provisionally registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI does business as Daniels Trading/Top Third/Futures Online. SFI is registered with the U.S. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Adviser. References to securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of SFI.

Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc.

© 2023 StoneX Group Inc. All Rights Reserved