Table of Contents
Trade Queue Filtering & Sorting
Manually Enter a New Trade Request from the Trade Queue
Enter New Trade Requests Using the Excel Upload Tool
Taking Action on Trade Requests
Sending Trade Requests to Integrated Third-party Trading Platforms
Reviewing Executed Trades from the Trade Queue
Trade Queue Export and Audit Report
Trade Queue Overview
Trade Queue is the operational workspace in ChathamDirect for creating, submitting, reviewing, approving, rejecting, deleting, and sending FX trade requests to integrated third-party trade platforms. On the Trade Queue page, you will see and interact with trade requests that have been sent from the Balance Sheet and Cash Flow Exposure Management modules, manually created on the Trade Queue page, or uploaded via Excel file. You will also be able to link into your executed trade details after a trade request has been sent to an integrated third-party trade platform and executed.
Accessing the Trade Queue
From the home screen, navigate to Trading > Trade Queue:
Trade Queue Filtering & Sorting
Trade requests are organized on separate tabs by status. Each tab reflects the number of trade requests available based on additional applied filters.
By default, the system loads all trade requests created within the previous 90 days, regardless of status. You may change the date type and range using the filters at the top of the screen.
- Created Date - the date the trade request was created in ChathamDirect
- Maturity Date - the maturity date of the derivative associated with the trade request
- Submitted Date - the date the trade request was submitted for review within ChathamDirect
- Approved Date - the date the trade request was approved within ChathamDirect
- Sent to Platform Date - the date the trade request was sent from ChathamDirect to a third party trade platform
- Trade Date - the date the trade was executed on the third party trade platform
Users may access the side bar to apply additional filters across all status tabs. Some of the filters on the sidebar have additional options in drop-down menus. For example, you can filter Users by selecting the 'Created By,' 'Approved By,' or 'Sent to Trade Platform By' option.
You can also use the Search bar in the top right section of the screen to filter the table for values not found in the sidebar.
The table can be sorted by clicking on any column header that has the double arrows next to the column name.
Table Layout Preferences
The Trade Queue display table can be customized by clicking on the settings cog and adding, removing, or reordering columns from the table. These settings will apply across all tabs in the Trade Queue and will be saved for future sessions in ChathamDirect.
Workflow Overview
Trade requests in ChathamDirect follow the same standard path in most instances.
Unsubmitted > Submitted for Approval > Approved for Execution > Sent to Platform > Executed.
If a user has permission to approve their own trade requests, then the system will fast-forward through the approval stage.
Created > Approved for Execution > Sent to Platform > Executed.
Trade requests can be deleted or rejected by users in any stage of the workflow except Executed.
Deleted trade requests remain visible on the Deleted tab in the Trade Queue.
Rejected trade requests are sent back to the Rejected tab, where the original submitter may edit, resubmit, or delete the trade request.
For more information on the Trade Queue permissions, please see the below support article.
Enter New Trade Requests Using the Excel Upload Tool
From the Trade Queue page, click on the + Add Trade button and select Upload Trades.
The Upload Trades modal will open, allowing you to download a blank trade template or to navigate to your completed template to complete the upload.
Taking Action on Trade Requests
The Trade Queue supports bulk actions including Submit, Reject, Delete, Approve and Send to be applied applied across multiple trade requests at the same time. Use the checkbox at the top of the Trade Queue table to Select All, or select multiple trade requests using the checkboxes to the left of each row. This will make visible and active the bulk Reject, Delete, Submit, Approve or Send buttons on the screen.
Actions can also be applied at an individual trade request level. The Actions menu is accessed by clicking on the vertical three dots at the far right side of the table. Some actions are specific to the status of the trade request.
For example, a trade request cannot be split or rejected once it is already in Sent to Platform status. Actions selected from this menu will only apply to the trade request row on which the three dot menu was accessed.
Sending Trade Requests to Integrated Third-party Trading Platforms
To send trades to an integrated third-party trading platform, select one or more trades by checking the box next to a trade or using the Select All checkbox at the top of the table. Then, select the Send Selected Trades button at the top of the page.
Next, select the desired electronic trading platform to send the trades based on the system(s) you have integrated with ChathamDirect. This will advance the trade request to the Sent to Platform status, where it will remain until the trade is executed on the trade platform.
Reviewing Executed Trades from the Trade Queue
Once a trade is executed on an integrated third-party trade platform, ChathamDirect will link back the completed trade details to the submitted trade request and move it to the Executed status tab in the Trade Queue. ChathamDirect will also create a new transaction record, known as a Chatham Reference Number or CRN, for the completed trade.
A link to this CRN is provided in the Executed Trade field on the trade request. If you do not see this field on the table, you can add it by modifying your table view using the settings cog. Clicking on the CRN will link you into full details of the executed trade.
IMPORTANT NOTE: The Trade Queue reflects details of trade requests rather than executed trades. Users must click into the CRN to verify full details and economics of the actual trade that was executed on the third-party trade platform.
In some instances, users may have changed the trade economics and details on the trade platform and not updated on the trade request in ChathamDirect. This can create undesirable behavior as ChathamDirect attempts to match executed trades back to the corresponding trade requests.
If a user desires to change trade details after the trade request has been submitted to the third-party trade platform, it is best practice to delete the trade request from the trade platform, then Reject the trade request in ChathamDirect so it can be edited and resubmitted by the original user.
Trade Queue Export and Audit Report
If you want to export details of trade requests in the Trade Queue, you can do so by clicking the Export button in the upper right section of the page (Excel or PDF).
The Excel file contains audit trail information including the name and date/time stamp associated with each workflow action (submitted by, approved by, sent to platform by, rejected by, deleted by).
The PDF report does not contain time stamp information associated with workflow actions, but it can be useful for quick verification of trade request activity.
