Default Prices |
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Users can choose between natural, middle and theoretical default prices. If, when creating a buy order, the user selects "natural" (for the default price) the price will default to the offer. If
creating a sell ticket, the price will reflect the bid. If
the user selects middle, the middle price of the bid and offer will populate
into the price box. For example the market on the Google June 180 calls is 21.10/21.50. The
middle price would be 21.30. If
the user selects the theoretical price, the price reflected will be derived
from the model which can be customized by the user. If
the user does not change the interest rates, volatility or skew, the theoretical
value will be the middle of the market. |
Default Quantity |
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Users can choose a default quantity for each instrument type.
This quantity will be used throughout the platform whenever you create an order ticket. |
Firm account |
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Firm account is what is used when creating an order from a component that does not have an account specified or has multiple accounts specified (i.e. for an allocation.) |
Left-Click Increment |
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This is the quantity or price increment when left-clicking the up & down arrows. |
Order Prices |
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Order Prices can be set for equities, options and spreads. |
Order Quantities |
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Order quantities can be set up for equities, options, futures, and spreads. |
Popup Notifications |
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Popup Notifications help warn users of various steps, events or alerts.
Order confirm - confirms the order you are about to send describing the order.
Order Sent - notifies you when an order has been sent to the market.
Order fill - creates a pop-up when you have received a fill.
Order rejecetion - creates a pop-up when an orider is rejection by a broker or exchange.
Warning - quantity - Warns users when trying to violate quantity limits.
Warning - price - Wanrs users when trying to violate price limits.
Clear on send - clears out a ticket after a trade is sent to the market.
Hide on send - hides the order entry ticket after an order is sent to the market.
Popup order entry - allows tickets to popup when clicking on any bid or offer. |
Right Click Multiplier |
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The Right-Click multiplier allows users to multiply/divide the quantity of the order by the multiplier with a simple click of the right mouse. |
Right Click Increment |
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With a simple right click of the mouse users can increase/decrease an order price by the amount chosen here. |
Warning Amount |
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Users can set a warning amount that will trigger an alert when attempting to trade above this quantity. For example: for equities if a user sets their warning quantity to 9,999,
when an order for 10,000 shares of stock is selected, a pop up warning
box will be displayed to warn the user of the large amount of stock they
are about to send to the market. |
Warning Price Differential |
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A Warning Price Differential can be set to notify the user that
the price they have selected is off the market. For
example, the user chooses to be notified if there is a one dollar difference,
if you try to purchase Google for 184 and it is trading 182, a pop
up will let you know you are off the market by more then a dollar. |
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blue dots to learn more about the different tools and icons in thinkpipes.