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When trading programs are created, they can be submitted for automatic approval workflow according to your organizational hierarchy and processes.
Automatic approval workflow provides a way to automatically invite the correct users to approve or reject a trading program proposal. Once workflow has started, the trading program will be locked and therefore cannot be edited. However, you can ‘stop’ the workflow in order to stop it being progressed further and then ‘unlock’ the trading program to edit it. This will require the re-approval of the trading program.
The workflow is progressed by the system which generates the approval hierarchy, sends email notifications, and accepts approvals online.
The key objectives of the automatic approval workflow are:
There are different ways to configure your approval workflow based on your organization, by setting up organizational hierarchy. These configurations will determine who will be invited to the approval process. They can be altered and maintained by any user with client admin access.
You can learn more about our automatic approval workflow here.