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How To Example: Create a forward contract.  It is possible to allocate a client orders as a Forward Contract in Kodiak OMS.

Kodiak OMS users that want to trade forward contracts in Kodiak OMS have to enable the “Forward Contract” functionality in the Kodiak Settings Window.  Users must click on the Enable Forward settlement by clicking the check box.  The users must choose the banks forward settlement portfolio.


Picture: Kodiak Settings Window

Forward contract workflow

Step 1. Create and send a client order “as forward”


Picture: Create Client Order Window

Result: A client order will be created and a market order is sent to the market. The client order is now visible in the “client orders view” and the market order is visible in the “market orders view”.

Step 2. The Order is executed on the market.  The client order gets a new Workflow status: Allocation Ready

Picture: Client orders grid view

Step 3. Right click on the client order and choose “Allocate”
Result:  The allocation window appears.

Step 4. The “Is Forward Contract” should be checked. 
Result:  Forward contract details appear on the right side.


Picture: Allocation Window

Step 6. Fill out the details, Interests: 10%, Interest fee: 5, Expiry date: Today + 1 month.

Press the “Add” button to add to the allocation grid and then press “Send” to send the order to  

Result:  The Kodiak allocation window closes.  

  1. Hedging leg has been sent to the back office:  An allocation has been sent to the back office.  Now the BO can settle the trade to/from the banks forward contracts portfolio.
  2. Forward contract leg: A forward transaction has been sent to Kodiak Forward Contracts for further processing.

Create The Forward Contract

Step 7. Start Kodiak Forwards client.

Step 8. Press “Search Transactions” button and find the transaction from Kodiak.

Step 9. Right click on the transaction and choose “Create contract”


Picture: New Contract Window

Result: The “New contract” window should appear

Step 10. Choose an Expiry date and enter the forward interests and the interest fee:

Press the “New Contract” button.

Result: The “New contract” window closes.

A new contract appears in the forward contracts grid. The Contract State should be

The transaction is marked as “Complete”.

 

 


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