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July 2018 - What's New in Tamarac Trading
Opening new accounts can be a pain. There are forms, signatures, and paperwork, and once the account is finally open, the last thing you want to do is take time setting up new accounts in Tamarac. We listened and we're pleased to announce a new feature that can reduce new account set-up time: account templates.
You can speed up your new accounts workflow by first establishing account settings in your firm's default account template. Those settings are applied automatically when new accounts come in. Then you can adjust that account's individual settings further as needed, such as defining the account's taxable status or adding an account type.
To establish your default account template, select Account Templates in the Setup menu and click Edit. This opens a slide-out pane with account settings that you're probably familiar with. When you edit the default account template, any account settings you don't change during the edit will remain the same; a save won't overwrite those settings.
You can specify any of the available settings in your default account template.
Only admin users may view or update the default template.
Data uploads are a powerful way to update a large amount of information at once; to add value to these upload data sets, we've added the Rebalancing SMA Symbol column to the Account Information upload data set. When this column contains a valid entry, the specified account will be marked as an SMA account with a 100% allocation to the uploaded symbol.
For more information SMA accounts in Tamarac Trading, see Separately Managed Accounts.