Creating a Coinbase connection

Multiple users in your company can share the same Coinbase connection, but each user is required to have their own Coinbase credentials. Coinbase exchange connection credentials (API key, secret, and passphrase) are configured per user using the Trader IDs tab in the left navigation panel.

Note: The Coinbase connection in TT will not become active until a Trader ID is assigned to the user of the connection. The Trader ID is used to make the actual FIX connection to Coinbase.

To add a Coinbase connection:

1. Click Connections in the left navigation panel.
2. Click +New Connection
3. Configure the settings in the General Settings section:

   

• Connection enabled: Check this setting to activate the connection. Uncheck to deactivate the connection.
• Name: This is a required field for creating a connection.
• Exchange: Select Coinbase. Only one exchange is allowed per connection.
• Use the default setting in the Type field.

4. Configure the following Coinbase setting in Additional Settings:

   Max Order Rate — Sets the maximum number of orders per second that a user can enter per connection. This limit cannot exceed the exchange-defined order rate maximum.

5. Click Create.

   You can select the connection in the data grid and review the connection settings in the Settings tab.

6. Click the Accounts tab to assign an existing account to the connection. Multiple accounts can be added to a single connection.

   Note: The connection will not become active until at least one account is assigned.

7. Click Save Changes.

Creating a TT account for Coinbase

A TT account is required for trading on the TT platform.

The Setup application supports tiered risk and account hierarchies. That is, you can create an account for routing and clearing as well as create sub-accounts for that account.

To create an account:

1. Add a new account and configure Coinbase settings for the account
2. Set up position risk limits for the account
3. Set up credit limits for the account
4. Set margin limits as needed

5. Assign a connection to the account

   Note: You must assign at least one account to a connection before the connection can become active and available for trading.

Creating a Coinbase user

As a risk administrator, you can set up members of your trading firm to trade Coinbase using their own Coinbase accounts or using the same Coinbase account.

If setting up users to trade using their own Coinbase accounts, ensure that you have each user's Coinbase credentials (API key, API secret, and passphrase) in order to configure their connection to Coinbase using the Users | Exchanges (Coinbase) | Trader IDs tab.

If setting up a group of traders to use the same Coinbase account, as a risk administrator you'll need a unique combination of API key, API secret, and passphrase for each user of the shared Coinbase account and create a trader ID for each user. Each trader ID can use the same Coinbase account passphrase, but with a different key and secret.

Note: In order for users to share a Coinbase account, create unique API keys and secrets using the same passphrase, and assign each unqiue combination of passphrase, API key, and API secret to each user as their trader ID.

As a trader with administrator permissions, use the Users | Exchanges (Coinbase) | Trader IDs tab to assign your Coinbase API key, secret, and passphrase for your Coinbase account to a trader ID in TT. You'll use your trader ID to connect to your Coinbase account to trade via the TT platform.

To configure user access to Coinbase:

1. Click the Users | Exchanges tab for a user selected in the data grid.
2. Click the exchange list drop down arrow, and scroll to and select an exchange.

3. Configure the following Order Routing settings:

   • Text A — An optional, user-defined text value that remains on submitted orders in the TT system, but is not sent to the exchange. Alpha-numeric and special characters are allowed.
   • Text B — An optional, user-defined text value that remains on submitted orders in the TT system, but is not sent to the exchange. Alpha-numeric and special characters are allowed.
   • Text TT — An optional, user-defined text value that remains on submitted orders in the TT system, but is not sent to the exchange. Alpha-numeric and special characters are allowed.
   • Max Order Rate -- Sets the maximum number of orders per second that a user can enter per connection. This limit cannot exceed the exchange-defined order rate maximum.

4. Click the Market Data tab to allow or deny access to market data for the following product groups:

   

   • All Market Data — Click either radio button to Allow or Deny access to all market data available from the exchange.
   • Sessions — Sets how many simultaneous market data sessions the user can have active using different IP Addresses/Applications. Delay Only: Indicates that market data is denied in all environments except the delayed environment, which does not have access to real-time market data.
5. Click the Trader IDs tab and click an entry in the Trader ID column or click Manage trader IDs at the top of right of the table to add a trader ID.

   Trader IDs are added by configuring the following settings on the More | Trader IDs tab in the left navigation panel:

   

   • Exchange — Select "Coinbase". This is a required field.
   • Personal API Key — Sets the API Key security permissions. If checked, then this API Key can only be used by the user creating the key. If unchecked, the key can be assigned to a non-administrative user. Once the key is assigned to a user, it cannot be reassigned.
   • Key — Sets the user's Coinbase API key. This is a required field.
   • Secret — Sets the user's API secret. This is a required field.
   • Passphrase — Sets the user's API key passphrase. This is a required field.

   You can also select Add New from the trader ID selector when clicking a field in the Trader ID column to create a new trader ID.

   

6. Click Save Changes.

7. Assign an account to the user

   Optionally, you can also go to the Accounts page and click the Users tab to assign a user to an account

8. Set user-based risk limits in addition to the account-based position limits as needed
9. Set the user's trading or administrative permissions