New Features

New MiFID Order Entry fields

Client Identification, Investment decision within firm and Execution decision within firm have been added to the Client Order Entry Window, further information can be seen here.

Context Information

Relevant information about the client, portfolio, account and MiFID are show in grey areas next to the respective input field.

The portfolio context information will display the current shares on hand with a pop up display when you place your mouse over the icon besides the number. It will also display a warning message for the portfolio if present. A "Sell all" button is also shown which will fill the side to Sell and the quantity to the shares on hand.

The account context information will display the available funds for that account. If you place the mouse over the icon besides the amount display a pop up will appear which displays current balance, overdraft and available funds.

Portfolio input

You can now enter the external reference # of a portfolio and Kodiak OMS will select the customer for you.

Account

The account dropdown is now larger.

Order Reference

You can now insert and Order Reference number to connect Kodiak client orders to orders in other systems.

Trade and Settlement dates

The trade and settlement dates will be displayed along with the number of settlement dates for the chosen orderbook.

Description

The Client Order Entry Window allows you to create a client order and send it to a broker (DMA/Manual) or a market (DMA).

How to access
You can open the Market Order Entry Window by clicking the "New Client Order" button in the Client Orders Toolbar, or by right clicking an instrument in a market data window, and by clicking the "New Client Order" button in the Main Window Toolbar.

Functionality
The Client Order entry window is used to create client orders. To create a client order the user must fill out the Market Order details: select the side (B/S), quantity, type in the instrument he wants to trade, the price, order type, visible quantity, TIF, broker and handling instructions. The user must also fill out the client details: Type in the Name (auto complete), select communication method, fill out the client comment, select the portfolio details, account details, fee type and the fee. The user must also tell the system if the order is an advice order or not.

If the order is an advice order then the user must take the MiFID test.

Once all the details have been filled the user can "Create" the order or "Create and Send" the order.

MiFID II

New MiFID II Order Entry fields have been added to the Kodiak OMS Client Order Entry Window, more information can be seen here.

Picture: Client Orders Entry Window - An equity order, advanced features visible.

Field descriptions

Field	Description	Notes
Order
B/S	Buy or Sell order
Quantity	The Quantity being bought or sold
Symbol	The symbol/company	Auto complete text box. Type in the first letters and the system will suggest from available instruments.
Price (ISK)	Price - used to specify a limit price for the order.
Order Type	Order Type	Limit, Market, LOO (Limit-On-Open), LOC (Limit-On-Close), MOO (Market-On-Open) , MOC (Limit-On-Close), IOOC (Imbalance On-Close), IOOP (Imbalance On-Open Orders)
Visible	Visible Quantity - Usually called iceberg order. The quantity that will be displayed on the market.
Display Range	The dispaly range for a given order	The display range is used for iceberg orders. The visible market quantity will be a random number not to exceed the display range.
Hidden	Makes the order hidden. This only works for orders with large quantity.
TIF	Time In Force	Day, FOK, IOC, GTC, GTT
Time	The good till time	Only visible if TIF = GTT
Minimum quantity	Minimum quantity for the order to be filled
Broker	The broker that the order will be sent to	Default for icelandic markets is INET
Handling	How the broker will handle the order.	DMA, Manual.
Nordic@Mid	Specifies whether the order is a Nordic@Mid order.	Nordic@Mid orders do not appear in Market Data. They only appear in your Market Orders view.
Advanced		Field in the advanced area are default hidden. To display them, click the "Advanced" button in the button panel at the bottom.
Capacity	On whose behalf the order is submitted
Routing	Order routing strategy provided by the exchange
Peg Type	Peg Type
Peg Diff	Peg difference in number of tick steps
STP Level	The STP Level for this order.	See Self Trade Protection (STP)
Trader Group	A 2 character value designating the trader group	See Self Trade Protection (STP)
STP Action	What action should be taken	See Self Trade Protection (STP)
Clearing Firm	Free text field used to specify the give-up firm.
Clearing Account	Free text field used to specify an account to the clearing house
Client
Name	Name of client	When name is entered, OMS will automatically find the clients information and open his portfolio.
Portfolio	Clients portfolio	KODIAK Oms will automatically open a clients portfolio when the client has been added.
Account	Choose clients account, if available.
Paid in cash	Check box if the order is paid in cash.
External	Allows for custom input of account
Commission	Commission value
Commission Type	What type of commission
Processing Fee	The monetary value of the processing fee
Allocate when filled
Trade Date	The trade date
Settlement Date	The settlement date
Communication	The method of communication in which the order came in	Choose between phone, mobile, email, instant messaging programs, in person, general internet or undefined.
Client Comment	Add an optional client comment.
Internal Comment	Add an optional internal comment.
Order Reference	A user specified value which references orders from external systems	This value can be a maximum of 10 characters. It is sent to the market
Send Email to	Add an optional email address
Is Advice	Check box if the order is an advice order.
Show MiFid	Click to show clients MifFid registration.
Salesperson
Is Forward Contract
MiFID II fields
Client Identification	The client attached to the order, a shortcode representing the client will be sent to the exchange	Auto-complete box with all clients
Investment decision within firm	A shortcode representing the user will be sent to the exchange	Auto-complete box with all Kodiak OMS users within firm
Exectuion decision within firm	A shortcode representing the user will be sent to the exchange	Auto-complete box with all Kodiak OMS users within firm

Information Fields

Field	Description	Notes
SSN	The SSN of the client
Ref.#	The reference number for the client in the external system
MiFID	The MiFID category of the client
Shares on hand	Shows the number of shares that are available to sell	A tooltip will be shown when the mouse is over the box which displays more information about the Shares on Hand.
Available funds	The available funds in the chosen account
MiFID test status	The Mifid status for the order

Summary
When all fields have been filled out, a summary will be calculated for the trade on the right side of the client.

Summary
Orderbook	The name of the Orderbook
Asset Class	Reference ID of the order.
Is Complex	Whether or not a given orderbook is complex in regards to MiFID
Quantity	Total quantity being bought or sold
Price ISK	Clean price of each share
Total Value	Total value of the shares
Commission	Commission Amount
Processing Fee	Processing Fee Amount
Total cost	Total cost to the Order
Total Invoice	Total sum of all invoice amount.

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