User Types

Two user types will exist for the US Equities Risk Management tool: trading firm user and clearing firm user. Generally, a firm will act as either a clearing firm or a trading firm and Account Administrators will be able to easily configure users appropriately to match the firm type. However, some firms may be self-clearing or have both a trading and clearing business, which will require the Account Administrators for each firm to designate individuals as either trading firm users or clearing firm users.

By default, control of all risk rules is provided to trading firm users only, but a trading firm user may optionally grant control of risk rules to its clearing firm. When control is given to a clearing firm, the trading firm will no longer be able to change or clear the current risk rules, but the trading firm user will still be able to view the current limits that are in place and receive email notifications at the defined notification levels.