MexDer Account Type

MexDer offers several types of trading accounts tailored to different trading needs and routing behaviors. The account types include:

• Routing (External Clearing): This account acts as a clearing account sent to the exchange for all orders. It appears in the user's list of routable accounts and is used to route orders and identify the account to the exchange.

• Routing (Internal Sub-Account): This type defines a sub-account that is not routed to the exchange but allows internal routing for risk purposes. The parent account is sent to the exchange as the actual clearing account.

• Non-Routing: Accounts of this type are not sent to the exchange and are recorded internally. They can be used for back-office purposes or as a parent risk account for grouping sub-accounts.

• Audit Trail Only: These accounts are not sent to the exchange and are used for the TT FIX inbound drop copy service, allowing third parties to import their data sources.

• Error Routing: This account is used to route order reject messages and is not routed to the exchange, nor is it part of account hierarchies.

• Order Cross Prevention Options: Various rules can be applied to prevent order crossing, such as rejecting new orders or canceling resting orders.

MexDer Broker Account Opening Process

To open a MexDer account, follow these steps:

• Access the Accounts Section: Click on "Accounts" in the left navigation pane of the MexDer platform.

• Create a New Account: Click on "+ New Account" at the top of the accounts screen.

• Fill in Account Information:

• Enter a user-defined account name (up to 5 characters).
• If creating a sub-account, select a parent account.
• Choose the account type from the options available.

• Configure Routing Behavior: Define the routing behavior for the account by selecting the appropriate type (e.g., external clearing, internal sub-account, non-routing).

• Set Risk and Duplicate Order Prevention Settings: Configure settings to prevent duplicate orders and set risk management options as needed.

• Complete the Setup: Click "Create" to finalize the account setup. The new account will appear in the accounts list.

• Configure Exchange Properties: After creating the account, you can configure exchange settings, including trading capacity and clearing account details.

By following these steps, you will successfully set up a MexDer trading account tailored to your trading needs.