To create an electronic transaction, you have to follow the same steps as How to make Manual and Historical Transactions, with four differences:
- You must select a broker that has a connection with FIX. Make sure as well that the ‘Manual’ checkbox next to the broker field is unchecked. If the broker you chose has a connection with FIX, the checkbox should be unmarked by default.
- You just have to add the Target quantity. The Working quantity will appear by default, and you cannot choose a filled quantity, as this field is not editable.
- You will not be able to choose an average price.
- The Trade Date will always be today’s date, you will not be able to modify it. The Settle Date can be the same day or any day after the trade date.
The reason why is that both the average price and filled quantity will come from FIX, as the electronic execution of orders goes through FIX protocol.