Who is eligible to be an eGAINS participant?
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All executing and clearing brokers are eligible to participate in eGAINS.
No. eGAINS is open to all parties to give-up agreements regardless of FIA membership.
eGAINS participant IDs must link to the clearing member firm identifier noted on the trade record. In other words, if your firm has three separate exchange clearing relationships you may have a maximum of three eGAINS participant IDs.
Based on the current eGAINS release, access to Internet Explorer is the only requirement.
Each firm must sign and return to FIA Tech an eGAINS Processing Agreement. Each user will be subject to a click-through agreement upon entering the system.
FIA Tech will need 7-10 days to set-up your eGAINS account and verify your banking information.
Yes. Customers of clearing firms wishing to automate payments through eGAINS (to the executing broker) must be an eGAINS participant and file the eGAINS Processing Agreement with FIA Tech. Further the customer must provide their bank account information in order for FIA Tech to process the automated payment.
eGAINS retrieves all agreement and rate information from EGUS and maps the information to the corresponding fields hourly from 3:00 a.m. EDT to 6:00 p.m. EDT.
» I have EGUS electronic and legacy (pdf) agreements along with electronic and pdf rate schedules, will EGUS communicate with eGAINS or do I need to reenter my agreement and rate information into eGAINS?
With respect to EGUS electronic agreements and rate schedules, eGAINS will fetch the data from EGUS without user intervention (however, each party must permission eGAINS to fetch the data on one’s behalf – EGUS system administrator must Enable Rate Data Feed via the Maintain Party Permissions page). PDF rate schedules will NOT transfer to eGAINS.
Yes, changes may be made in eGAINS; however the recommended approach is to make changes in EGUS and avoid changing agreement and rate information in eGAINS. Since the regular download from EGUS to eGAINS overwrites the previous eGAINS file, changes made in eGAINS will be deleted with subsequent EGUS downloads. Therefore, to avoid losing the eGAINS changes always use EGUS for modifying agreement details.
Hourly from 3:00 a.m. EDT to 6:00 p.m. EDT.
The EGUS agreement number appears on eGAINS and is viewable through the system.
Yes. There is an indicator in the Rate Offload File for firms to identify EGUS rates from non-EGUS rates.
When the next EGUS agreement extract runs, the agreements/rates will be replaced with the corresponding EGUS agreement. The rate changes, added direct to eGAINS, will be lost.