Access to Kill Switch functionality is available to all current GC2 Risk Admins. Clearing Firms will have the ability to grant access to the functionality to their Executing Firms.
- Block Execution Firm Order Entry
All subsequent Blocked Execution Firm order entries will be rejected with a Session Level Reject (tag 35-MsgType=3) message and the accompanying text explanation.
Examples of tag 58-Text
Kill Switch enforced byfor Executing Firm
Kill Switch enforced by Clearing Firm Admin for Executing Firm
Kill Switch enforced by Exchange Admin for Executing Firm
- Cancel Orders when allowed by market states
All working orders will be cancelled with an Execution Report (tag 35-MsgType=8, tag 39 - OrdStatus=4) message and the following cancel type indicator.
Cancel from Risk Management API (RMI)
For complete details regarding the Risk Management Interface GUI, please refer to the Risk Management Tools Help System below: