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Number of Orders at Price

Overview

BrokerTec Gateways 7.16 and higher display the number of orders that make up the bid/ask quantity at a given price. Traders and brokers find this useful in determining if there is a market at certain price levels for a particular product, or in identifying when large-sized orders have been entered in the market.

Client Dependencies

The following are the minimum versions of TT Clients required to support the Number of Orders functionality:

  • X_TRADER® 7.11.2
  • FIX Adapter 7.7.5
  • X_TRADER® API 7.7.4

X_TRADER® 7.11.2 or higher displays the Number of Orders columns per side in MD Trader, or shows the number of orders in the BidCnt and AskCnt columns in the Market Window.

In MD Trader, users can view the number of orders that comprise the total bid or ask quantity for up to 20 price levels from the inside market. If the number of orders at a price level is truncated due to exchange size limitations, the BrokerTec Gateway indicates this by appending a “+” to the value sent to X_TRADER®.

Refer to the X_TRADER® Help system and User Manual for more details.