{"id":28416,"date":"2025-12-09T17:40:18","date_gmt":"2025-12-09T23:40:18","guid":{"rendered":"https:\/\/librarytestdev.wpenginepowered.com\/doc\/tt-uncovered-3-0-configuration\/"},"modified":"2026-01-06T16:21:59","modified_gmt":"2026-01-06T22:21:59","slug":"tt-uncovered-3-0-configuration","status":"publish","type":"doc","link":"https:\/\/library-staging.tradingtechnologies.com\/trade\/options\/tt-uncovered-3-0\/task-tt-uncovered-3-0\/tt-uncovered-3-0-configuration\/","title":{"rendered":"TT Uncovered 3.0 Configuration"},"content":{"rendered":"\n
\n\n

The TT Uncovered 3.0 configuration dialog box provides you with the parameters and settings to configure a synthetic UDS. The dialog box opens after clicking Create<\/strong> or on an existing synthetic UDS that was already created by TT Uncovered 3.0.\n <\/p>\n

<\/p>\n\n

    \n
  1. Option Leg<\/strong> \u2014 The Outright option or Strategy the user wants to create an uncovered UDS with.\n <\/li>\n\n
  2. Future Leg<\/strong> \u2014 The expiry of the hedging future leg that will be used to create UDS for the selected option or option strategy.\n <\/li>\n\n
  3. Account<\/strong> \u2014 Select the account on which to trade an uncovered order and send RFQs.\n <\/li>\n\n
  4. Delta<\/strong> \u2014 Enter the Delta used to generate the chain of UDS that will comprise the synthetic quote. The delta being specified is the delta of the option, not the center delta of the USD being created.<\/li>\n\n

    For example, if Delta is 3, Delta Step Size is 2, and Delta Range is 2, then the application will attempt to create UDS for all specified reference prices with the following list of delta values: -7, -5, -3, -1, 1.<\/p>\n\n

    Note<\/span> Delta is prepopulated and can be adjusted by the user<\/p>\n\n

  5. Delta Range<\/strong> \u2014 Select the range of deltas used when creating the UDS chain.\n <\/li>\n\n
  6. Delta Step Size<\/strong> \u2014 Select the step size of the delta used when creating the UDS chain.\n <\/li>\n\n
  7. Reference Price<\/strong> \u2014 Reference Price used when creating the UDS chain. For example, if Center Delta is 0’12 (and the instrument ticks in values of 0’01), Reference Price Step Size is 3, and Reference Price Range is 2, the app will attempt to create UDS for all specified deltas with the following list of reference prices: 0’06, 0’09, 0’12, 0’15, 0’18.\n Note<\/strong> – Reference Price is prepopulated and can be adjusted by the user.\n <\/li>\n\n
  8. Reference Price Range<\/strong> \u2014 Select the range of reference price ticks used when creating the UDS chain.\n <\/li>\n\n
  9. Reference Price Step Size<\/strong> \u2014 Select the step size of the reference price ticks used when creating the UDS chain.\n <\/li>\n\n
  10. Pricing Strategy<\/strong> \u2014 \u201cAt Market\u201d or \u201cFixed Price\u201d\n <\/li>\n\n
  11. Fixed Price<\/strong> \u2014 Select the Fixed Hedge Price if \u201cFixed Price\u201d is selected under Pricing Strategy\n <\/li>\n\n
  12. Only Trade Covered Spreads<\/strong> \u2014 Determines whether to include the direct option liquidity in the synthetic quote and whether to include it in the execution plan.\n <\/li>\n\n
  13. Enable RFQ<\/strong> \u2014 If this box is checked, the app will send RFQs on instruments in a synthetic quote that are widely quoted and not being actively traded. RFQs are sent in a conservatively rate-limited manner so that the exchange is not flooded with RFQs in the case that the user is monitoring many synthetic quotes that incorporate a large number of UDS.\n <\/li>\n <\/ol>\n\n<\/section>\n","protected":false},"excerpt":{"rendered":"
    \n

    The TT Uncovered 3.0 configuration dialog box provides you with the parameters and settings to configure a synthetic UDS. The dialog box opens after clicking Create<\/strong> or on an existing synthetic UDS that was already created by TT Uncovered 3.0.\n <\/p>\n

    <\/p>\n

      \n
    1. Option Leg<\/strong> \u2014 The Outright option or Strategy the user wants to create an uncovered UDS with.\n <\/li>\n
    2. Future Leg<\/strong> \u2014 The expiry of the hedging future leg that will be used to create UDS for the selected option or option strategy.\n <\/li>\n
    3. Account<\/strong> \u2014 Select the account on which to trade an uncovered order and send RFQs.\n <\/li>\n
    4. Delta<\/strong> \u2014 Enter the Delta used to generate the chain of UDS that will comprise the synthetic quote. The delta being specified is the delta of the option, not the center delta of the USD being created.<\/li>\n

      For example, if Delta is 3, Delta Step Size is 2, and Delta Range is 2, then the application will attempt to create UDS for all specified reference prices with the following list of delta values: -7, -5, -3, -1, 1.<\/p>\n

      Note<\/span> Delta is prepopulated and can be adjusted by the user<\/p>\n

    5. Delta Range<\/strong> \u2014 Select the range of deltas used when creating the UDS chain.\n <\/li>\n
    6. Delta Step Size<\/strong> \u2014 Select the step size of the delta used when creating the UDS chain.\n <\/li>\n
    7. Reference Price<\/strong> \u2014 Reference Price used when creating the UDS chain. For example, if Center Delta is 0’12 (and the instrument ticks in values of 0’01), Reference Price Step Size is 3, and Reference Price Range is 2, the app will attempt to create UDS for all specified deltas with the following list of reference prices: 0’06, 0’09, 0’12, 0’15, 0’18.
      \n Note<\/strong> – Reference Price is prepopulated and can be adjusted by the user.\n <\/li>\n
    8. Reference Price Range<\/strong> \u2014 Select the range of reference price ticks used when creating the UDS chain.\n <\/li>\n
    9. Reference Price Step Size<\/strong> \u2014 Select the step size of the reference price ticks used when creating the UDS chain.\n <\/li>\n
    10. Pricing Strategy<\/strong> \u2014 \u201cAt Market\u201d or \u201cFixed Price\u201d\n <\/li>\n
    11. Fixed Price<\/strong> \u2014 Select the Fixed Hedge Price if \u201cFixed Price\u201d is selected under Pricing Strategy\n <\/li>\n
    12. Only Trade Covered Spreads<\/strong> \u2014 Determines whether to include the direct option liquidity in the synthetic quote and whether to include it in the execution plan.\n <\/li>\n
    13. Enable RFQ<\/strong> \u2014 If this box is checked, the app will send RFQs on instruments in a synthetic quote that are widely quoted and not being actively traded. RFQs are sent in a conservatively rate-limited manner so that the exchange is not flooded with RFQs in the case that the user is monitoring many synthetic quotes that incorporate a large number of UDS.\n <\/li>\n<\/ol>\n<\/section>\n","protected":false},"author":2,"template":"","meta":{"_acf_changed":false,"footnotes":""},"docs-category":[813],"class_list":["post-28416","doc","type-doc","status-publish","hentry","docs-category-task-tt-uncovered-3-0"],"acf":[],"_links":{"self":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/28416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc"}],"about":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/types\/doc"}],"author":[{"embeddable":true,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":0,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/28416\/revisions"}],"wp:attachment":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/media?parent=28416"}],"wp:term":[{"taxonomy":"docs-category","embeddable":true,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/docs-category?post=28416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}