3.6.3 Whats New

A brief summary of the new functionality in version 3.6.3 is listed below:

Margin Rates

• Clients can now get an indication of the margin rate for a CFD pre trade. The applicable margin rate will be displayed on the CFD Order ticket once the Account code and Symbol have been populated.
• The margin rate will be displayed next to the symbol field. Please note margin rates are subject to change

Personal Watchlist

Fig 1

• Addition of a Mid Price column displaying the mid price between best Bid and Offer prices
• 5 additional columns have been added for quicker order entry and extra functionality (Sell@market, Buy@market, Join bid, Meet Ask, Size) see fig.1
• These columns are available by right mouse click on an open watchlist and click on Field Selector. Please note these are optional columns and are not designed to replace existing order entry
• The Sell@market and Buy@market columns will place a ‘MKT' symbol on each row of stocks. Double clicking on this symbol in the Buy@market column will generate a buy ticket that will default to Price type Market. (See fig.2) Enter a valid quantity and submit the order to send an at market order. Likewise double clicking on Sell@market will allow a quick sell at market order to be submitted.
• Please note that during the LSE auction periods for SETS and SETSmm stocks this market order is not valid, clients must use the ‘Auction Market' order price type instead.
• The Join Bid and Meet Ask fields allow clients to submit a limit order to buy at the current best Bid (Buy) price or sell at the current best Offer (Sell) price. See fig.3 – notice that the order ticket defaults to a price of 119.75 the current best bid and if submitted this order will join the order book at the best price.
• The Size column is used in conjunction with the new columns detailed above. Clients may define a default order quantity per stock that automatically populates the Quantity field on the Order Ticket. Compare the order tickets in fig.2 and fig.3. In the personal watchlist (Fig.1) Vodafone has been set with a default quantity whereas Man group has not.
• Please note that these default quantities apply to that watchlist only and that line i.e. you may have more than one instance of the same stock in the same watchlist with different defaults. – Also these limits still apply if you remove the Size field

Fig 2	Fig 3

 

Market Depth (Level 2)

 

Fig. 4

• A right button mouse click function has been added to generate an order ticket that will default to Price type Market. (See fig.2) Enter a valid quantity and submit the order to send an at market order
• If you right button mouse click on the best offer price on the yellow strip (2123 in Fig.4) a BUY at Market Order Ticket will be generated. If you right button mouse click on the best bid price on the yellow strip a SELL at Market Order Ticket will be generated.

 

Forum

• If a web address is posted in a forum message, instead of copying and pasting the link there is now a right button mouse click option to Open Site in your default browser.
• If an email address is posted in a forum message, there is also a right button mouse click option to Email To. This function will start a blank e-mail with the recipient pre-entered using whatever Email client Windows sees as the default on your machine.  This has been tested with Outlook and Outlook Express.
• Show Gridlines has been added to options menu

 

Position Window

• Show Gridlines has been added to options menu

 

Order Pad and Order Consolidation

• Show Gridlines has been added to options menu

 

Alerts Window

• Show Gridlines has been added to options menu
• A Comment field has been added. This field is a text field that allows user to input a reminder or message associated with that alert e.g. “Check for any news”. This field also has a dropdown selector with a list of available accounts plus comments already used which may be used in this field.
• Additional criteria have been added under field column: Trade Low, Trade High, Closing Price and Uncrossing Price
• Alerts can now be sorted by column headings

 

Order Ticket (US Order Routing)

• Clients with US Order Routing permission now have the option to route orders in Nasdaq stocks to NITE (Knight Securities ECN) This is a useful function if clients do not want their orders to take part in pre-market trading.
• Please note only Limit orders should be routed to NITE.

 

Stop Market Orders

• Stop Market Orders (GFD and GTC) are now available on the TradeApp Pro trading platform on the following markets: LSE (SETS, SETSmm, IOB), Euronext, Xetra, NYSE and NASDAQ

• Stop Market Orders are offered on a non held non guaranteed basis
• 2 order types available Stop Market GFD (Good For Day) and Stop Market GTC (Good Till Cancelled)
• GFD orders expire at the close of the same day as trade submitted – GTC orders expire after 90 days
• A Stop Market Order triggered by an automated trade will submit or become an At Market order.
• Widely traded securities will usually execute at or close to the current quotation. Buy orders will execute at or close to the "ask" price and Sell orders will execute at or close to the "bid" price however the execution price could be better or worse than anticipated
• All Stop Market orders require a stop price. Once selected the Limit price field will be deactivated and display price as MKT
• Orders to buy on stop must have a stop price above the last trade or close price. Orders to sell on stop must have a stop price lower than the last trade or close price.
• Stop Market Orders GFD on the LSE triggered by the uncrossing price of a closing auction will expire on the same day but will not be filled
• Stop Market Orders GTC on the LSE triggered by the uncrossing price of a closing auction will submit a Market order into the next business days opening auction
• NASDAQ Stop Orders will be triggered by the Best bid/offer price displayed by NASDAQ / Market Makers or ECNs
• Stop orders are displayed in yellow in the Working Orders Pad
• The traffic light indicator will show if the stop order has been accepted successfully – Green is success, amber is pending and red indicates a rejection. please contact desk
• Amendments and cancellations of GTC Stop Market and GTC Stop Limit orders outside market hours on NASDAQ and NYSE stocks will be pending until 08:15 US Eastern time.
• Should you select the cancel all function in the order pad please check that you have confirmation all orders including stop orders have been cancelled and drop to the Completed Orders Pad.
• You can place stop orders on CFD and Physical accounts. If the Physical account is a collateral Account there must be sufficient stock available in the account to process order.
• If you lose your connection to trading system the stop orders will still be live
• GTC stop orders may be cancelled by the exchange as the result of a corporate action.
• PLEASE MAKE SURE YOU MONITOR GTC STOP ORDERS ON A REGULAR BASIS

News Explorer

• Drag and drop symbols directly onto the symbol field under the Codings section of News Explorer