Fund Orders Release
This release of Kodiak OMS adds new Fund Orders
New features
New Fund Order Entry window
The Fund Order Entry window is designed specifically for creating fund orders.
More Information
The form now shows more information about the instrument, client, portfolio and account.
Shares or Total Payment
When entering orders you can choose between Shares or Total Payment.
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When Total Payment is specifed the shares are calculated as follows.
Sell Order:
Buy Order:
Shares on Hand.
This is the quantity that a client has available to sell. It is the sum of the shares in the portfolio minus the active sell order shares in the Kodiak OMS and the shares that are unsettled in the backoffice system.
When you place the mouse over the icon in the Shares on hand area you will see a table showing all of the information about client orders in shares and market value.
Sell all
When a client has shares on hand a "Sell all" link button appears besides the shares on hand amount.
When this is chosen the order automatically becomes a Sell order set to Shares and the quantity to match the Shares on hand.
Commission Category or Discount %
The Kodiak OMS Fund Order Entry window supports a Discount percent or Commission Category. This is configurable server side.
Commission Category
Discount Percent.
External Account
When the "External" checkbox is chosen formatted text boxes appear for the account number and account ssn.
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We plan to add this functionality to all Client Orders.
New Icons
We have updated the icons in the system.
Other Features
View Market depth for a symbol from the Client Orders grid.
Market Data Server is now no longer
Bug Fixes