Fund Manager Mode 1 User Guide for DealBook FX 2

OVERVIEW

The Fund Manager allows professional money managers, or other GFT clients, to trade more than one account concurrently. Fund Managers can
allocate the number of lots for each managed account to be traded.
In order to qualify as a money manger and have access to the Fund Manager, it is necessary to be trading more than one account. This can be done by
having more than one personal or corporate account in the same name, by having Limited Power of Attorney over multiple accounts, or a combination of
the two.
Clients, who give the right to trade their account(s) to any particular fund manager, are not able to do any trade transactions with the account(s). The
only operations permitted are:

• Deposits
• Withdrawals
• Adjustments
• Deactivation of fund manager control for the account

However, the owner of the account can run any report in regard to activity on this account:

• Account history
• Detail transaction report

Due to how the software works, the client will see transactions in his detailed transaction report that were made by Fund Manager as if they were made
by user himself.

The client can see open positions and working orders that the fund manager creates while working with his accounts. However, Stop and Limit working
orders will be visible for the account owner only if they were created by the Fund Manager in “solo” mode (explained below). Aggregated working orders
will not be visible for account owners.
After a request for a Fund Manager account has been evaluated and accepted, the Fund Manager will be sent an email containing the user name and
password, and a link to download the Fund Manager software.
FUND MANAGER
The Fund Manager layout is very similar to the DealBook FX 2 client application. Apart from the windows accessible in the client application, the
DealBook FX 2 Fund Manager application provides additional windows and options, designed to meet the needs of Fund Managers.
Solo/Aggregate Modes
The Fund Manager has two options to manage accounts:
• Select a single account for every transaction (“solo” mode)
• Aggregate several accounts into one order, bringing them all into position with a predefined amount of lots for each (or alter an existing position for
every account accordingly)

Regardless of which way was used to bring a particular account into position, the Detailed Transaction History (see Statements) for that user will show
the corresponding order as if it was issued for this account in “solo” mode.
Aggregate Mode
In this mode, the Fund Manager can operate with either predefined and saved “sets” of accounts, or just created sets for single transaction only. For
every account being added to a new set, the Fund Manager assigns the amount of lots to be traded specifically for this account. The types of orders that
can be placed in this mode are Market, Stop, and Limit.
If an account will not have enough equity at the time to fill an order; the order will be filled anyway, which will result in liquidation almost immediately.
Fund Managers should be careful and avoid such situations.

Once the Fund Manager places an aggregate order, the process of filling the order will be initiated by Dealer:
• The Dealer initially sees an incoming pending order from the Fund Manager. The Fund Manager could cancel the order as long as the status is not
changed.
• Just issued and not activated STOP or LIMIT aggregate order’s status is WORKING.
• To process the order, a Dealer can partially “fill” the order, each time specifying the price and volume for the confirmed amount. Once the original
order is at least once partially filled, it changes its status to “PARTIAL”, and the Fund Manager can see its updated status in the “Order progress”
window (thus knowing that the Dealer is working his order now).
• At any time, a Dealer has the option to interrupt this iterative process of filling the order either by canceling it or accepting whatever was filled so
far.
Once the process is completed (or interrupted by a dealer), the order status will change to “READY”. Once accepted by a Dealer the order will affect the
Fund Manager’s position. At this time, system will create a subset of orders for every account integrated in original order, using a predefined volume for
each, but an AVERAGE fill price. This will show in the “Open Positions” window.
Configuring Sets
The first step in setting up the accounts allocation set will be to go into the
File menu at the top left hand side of the Workspace. You should see
Configure with an arrow next to it. Click on Configure and choose Fund
Manager Sets. The Configure Sets window appears.
The Available Accounts Sets section contains the list of Fund Manager sets
and also an option to create new sets. When you click on [Enter new set
here], the Configure set section becomes active.
In the Accounts in set field, enter a name for your new set. Then, right click
on the blue Acc. # tab and select Add Account. A new window will appear
that allows you to set the volume for the account.

Select the account number from the Account: drop down list, and then set
the desired volume for the account. Click the OK button when you are
finished. Repeat this step to add as many accounts as necessary. If you
would like to delete an account from the set, right click on the account and
select Remove account.

The Accounts in set and Volume fields show the number of accounts in the
set and the total volume, respectively.

You can define the default symbol for all transactions for this set by clicking
the Predefined symbol checkbox and then selecting the desired symbol
from the Symbol drop down list.
You can define the default operation for all transactions for this set by
clicking the Predefined operation checkbox and then selecting the desired
operation type from the Buy/Sell drop down list.
When all of the necessary parameters are entered, click the Save Set
button.

Placing Aggregate Orders

Once the Set is configured, click on the Trades menu, located at the top of
the workspace. Click on the New Aggregate Order… option. The Aggregate
order form window appears.

Click on the Choose Set drop down list and select the set for which you would
like to issue an order. The list of accounts in the set appears in the fields below.
You can also select Custom Account Setup from the Choose Set drop down list,
and create a new set for this order. Then, right click in the fields below and
choose the Add Account option. NOTE: This is the same procedure as
Configuring Sets.
You can then set the parameters for your order just below the list of accounts.
When you are ready to submit your order, click the Submit order button.

Canceling Aggregate Orders

If the order status is Working, you can cancel the order by right clicking on the
order in the Working Orders window and selecting the Cancel Order option.
Solo Mode
In this mode, the Fund Manager can operate by selecting a single account for every transaction.
If the account does not have enough money at the time the order is being submitted, the order will not be sent, and a warning message will be displayed.
Later on, if the account will not have enough equity at the time to fill an order; the order will be filled anyway, which will result in a margin call almost
immediately. Fund Managers should be careful and avoid such situations.

Placing Solo Orders

Placing an order in solo mode is similar to placing an order in the DealBook FX 2 client application.
There are several ways you can place an individual order in the DealBook FX 2 Fund Manager:
• Click the New Order button, located at the top left corner of your DealBook FX 2 window.
• Select the New Order option from the Trades menu.
• Select the New Order… option from the context menu on the quote board.
• Double click on the chart for the currency.
• Right click on the chart and choose the Entry Stop buy at… or Entry Limit sell at… options.

Once the New Order… window appears, choose the desired account number from the Account/Role drop
down list, or choose an account number from the Account selector list on the DealBook FX 2 main toolbar.

You can then set the parameters for the order. When you are ready to submit the order, click the yellow Bid
(Sell) or Ask (Buy) button.

Canceling Solo Orders

If the order status is Working, you can cancel the order by right clicking on the order in the Working Orders
window and selecting the Cancel Order option.

CHARTS
The charts in Dealbook FX 2 are covered on our website at: http://www.gftforex.com/products/dealbookfx/charting.asp
The charts within the Fund Manager are the same as within the Dealbook FX 2 client.

ITX
ITX is our Inter Trader Exchange system. ITX was designed for traders who wish to broadcast their own bid/ask price to other GFT clients in real time.
For example, if the broker’s price is JPY 110.00 (BID - sell) and 110.05 (ASK - buy), you can broadcast your own bid/ask within that range.
If your decision is to go short, you can place: 110.03 short price (3 pips better than broker).
In this example, if there was another trader willing to go long at this number, the transaction will be completed. Both of the traders would have gotten a
better price than was quoted by the GFT dealer at that time.
Fund Manager is currently only able to use ITX with the active Account.
STATEMENTS
Statements can be run from anywhere in the Fund Manager by clicking on the Statements menu option located at the top of the workspace.
There are four different Statements available: Account History, Detail Transaction, Session History, and EZ View. All of these statements review your
trading activity. You are able to specify the time period for the statement, as well as which account you wish to view.

The Account History report contains a list of all changes of a client's account balances for a specified period, consolidated by days. This is used for a
good overview of the account, as all activity is recorded here, including any service fees for optional services offered by GFT, such as the Market Mentor
Commentary service.

Detail transaction reports are the most detailed report, containing complete information about transactions for specified period. This is a daily report that
compiles all transactions, settlements, and positions so that you may easily monitor your daily account activity. More information on the Detail
Transaction Report can be found on our website at: http://www.gftforex.com/resources/statement.pdf.

The Session History Report contains a list of all the sessions of a client for a specified period of time. This will show the login and logoff times on the
account, as well as the IP address.
The EZ View Report gives a daily recap of transactions that occurred in an account. It displays each transaction by Date, Time, Market, Buy/Sell,
Volume, Price, Counter Amount, and Order ID. More information on the EZ View Report is available on our website at:
http://www.gftforex.com/resources/EZView.pdf.
TERMINATING FUND MANAGER
If a client wishes to remove his account from a Fund Manager, they must contact us. When this happens, please note that Dealbook will leave all
currently open positions for this account in tact, and cancel all currently working and pending orders for this account (Market, Stop, Limit, and RAQ).
If account management was revoked at the time when GFT was processing a Fund Manager order with such account participating, then the sub-order
for this account will be executed by the system anyway.

Rev. 12/29/04 - agk