Open BookTrader

Transmit orders at any price, including the best bid and ask, with a single click. BookTrader displays as a separate window for whichever contract you select. It shows a series of prices above and below the best bid and ask.

To open and arm BookTrader

1. Select a contract on the trading page.

2. Right click and select Tools, then select BookTrader OR use the Ticker menu and select BookTrader.

3. In the upper left corner, check Armed.  
    

4. Read the activation contract which states that you understand that a single click in the bid or ask field transmits an order directly to an exchange, and click Yes to arm BookTrader.

If you leave the Armed option unchecked, you can see prices and sizes but cannot trade. The current best ask shows a Green background in the Price field; the current best bid shows a Yellow background.

Orders transmitted from BookTrader are displayed on the Pending page and in the Orders section of the BookTrader.

NOTES

• You can only use three (3) deep book subscriptions at a time. These subscriptions include BookTrader, Market Depth, NYSE Deep Book and Nasdaq Level II windows. Although you can open many BookTrader windows, you will only be able to see real-time data for 3 at a time (assuming you have no other deep book windows open).

• By default, BookTrader uses specific colors to convey information. You can customize these colors by clicking the Configure button on the toolbar, and then selecting BookTrader Colors.

• The current Cumulative Bid and Ask sizes are displayed at the top of the Bid Size and Ask Size columns. To turn this feature off, use the Configure > Settings page.

• By default, clicking a size initiates an order. If you click another size the current unexecuted order is cancelled and replaced with the new order. But when you active Multiple Order Mode from the Configure > Settings page, clicking in a size will not cancel a current order. You are able to enter multiple same-side orders that display in the Orders section of the Activity panel.

• You can open a blank BookTrader window by clicking the BookTrader icon on the trading toolbar. Use the Underlying field to initiate contract selection.

• If you are in single-order mode, the open order size for an unexecuted order or portions of an order is displayed in the Status column.

Copyrights and Trademarks