Placing Orders in Rates Panel
Overview
The Rates dashboard dynamically displays prices for all the available securities and allows placing orders. On the dashboard, you can find bid and ask prices, current spread and spread change, daily trading volume for each trading instrument.
The difference between Rates and Dealings is that in Dealings you see just the favorites securities, while in Rates you can trade all the available trading instruments.
Trading Modes
Maximize the Rates window to access the trading modes. Select one of the trading modes in the drop-down list.
Passive - allows placing buy/sell passive limit orders
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Buy Passive Order: top ask/bottom bid prices
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Sell Passive Order: top bid/bottom ask prices
Aggressive - allows placing buy/sell aggressive limit orders
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Buy Aggressive Order: top bid/bottom ask prices
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Sell Aggressive Order: top ask/bottom bid prices
Market - allows placing buy/sell market orders at the best current prices from the order book
Trading
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Select one of the Trading Modes.
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Click Buy/Sell in the corresponding dashboard column to place an order.
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Verify the Order Confirmation Form if One Click Trading is disabled.
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.
In case a passive trading mode is selected:
Buy is green (buy trigger for trader) in cases:
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ask (red price) rises and bid (green price) falls
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ask (red price) rises > bid (green price) rises
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ask (red price) falls < bid (green price) falls
Sell is green (sell trigger for trader) in cases:
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ask (red price) falls and bid (green price) rises
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ask (red price) rises < bid (green price) rises
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ask (red price) falls > bid (green price) falls