Placing Orders in Dealings Panel

Overview

On the Dealings dashboard, you can find trading widgets for all favorite securities. Remove a star symbol from any security to hide it from dealings.

Trading widget displays Bid and Ask security prices, security current spread, order size, security daily trading volume and daily trading volume change. Displayed elements may vary depending on your system settings. Contact your admin for more information.

INFO

Refer to Symbols to learn how to add trading instruments to favorites.

Settings

Order Price

The system offers two quoting options for the Dealings trading widget:

BBO - the default option. Orders are quoted based on best-bid-offer principle.
Market Data - can be manually enabled in the widget (see the screenshot). In case enabled, orders are quoted based on average market prices for a specified order size.

Market Data Subscription

If you decide to enable Use Market Data, it means that you have created a Market Data Subscription. In case you display Order Book or a Trade History in the Blocks section, it is also a market data subscription. This case has a superior priority over the Dealings widget. Market Data Subscriptions are shared between Dealings and Blocks sections and have a limited capacity configured by your administrator. If you encounter a problem enabling a market data subscription for the Dealings widget, you may be out of subscriptions limit. Contact your admin in this case. Market Data Subscriptions do not work together with SOR destination or any destination without market prices.

Contact your admin in case widget prices disappear when Use Market Data is enabled. This may happen in case SOR is set as the default destination for the specific security and trader.

TIP

In the Basic View marked data subscription logic applies just for the Dealings widget, because charts are disabled and it is not possible to add a market data subscription.

Price Tolerance

When placing orders in the Dealings trading widget, use Price Tolerance to auto-adjust Buy/Sell price by the provided value. Price Tolerance is set in % per instrument and trader. This feature can be used to make sure the order gets executed despite the possible market price movements that may happen while placing the order.

Buy price - gets increased by the provided Tolerance value in %.
Sell price - gets decreased by the provided Tolerance value in %.

Trading Modes

Maximize the Dealings window to access the trading modes. Select one of the trading modes in the drop-down list.

Passive - for placing buy/sell passive limit orders - Default.

Buy Passive Order: top ask/bottom bid prices.
Sell Passive Order: top bid/bottom ask prices.

Aggressive - for placing buy/sell aggressive limit orders.

Buy Aggressive Order: top bid/bottom ask prices.
Sell Aggressive Order: top ask/bottom bid prices.

Market - for placing buy/sell market orders at the best current prices from the order book.

Trading

Select one of the Trading Modes.
Enter the order size - manually or use order size presets.
Click Settings icon in the widget
- Select Use Market Data to use real-time market data.
- Enter the Tolerance value to auto-adjust the order price.
Click Buy/Sell to place an order.
Verify the Order Confirmation Form if One Click Trading is disabled.

TIP

To give traders buy or sell hints, best prices are displayed dynamically and get highlighted with appropriate color each time price changes, based on the selected trading mode.

Example

In case a passive trading mode is selected:

Buy is green (a buy trigger for trader) in cases:

ask (red price) rises and bid (green price) falls
ask (red price) rises > bid (green price) rises
ask (red price) falls < bid (green price) falls

Sell is green (a sell trigger for trader) in cases:

ask (red price) falls and bid (green price) rises
ask (red price) rises < bid (green price) rises
ask (red price) falls > bid (green price) falls