X_TRADER® Documentation
- Introduction To X_TRADER®
- TT Login
- Workspace Management
- Control Panel Icon And Menu Descriptions
- Trading
- Trading And The Market Explorer
-
Trading And The Market Window
- Introduction to the Market Window
- Order Pane
- Submitting an Order using the Order Pane
- Launching an OTA from the Order Pane
- Selecting an Order Gatewayor Broker in the Market Window
- Applying Routing Rules in the Market Window
- Confirming Your Order in the Market Window
- Customizing the Quantity Buttons
- Order Pane Field Descriptions
- Algo Order Pane Field Descriptions
- Order Pane Context Menu
- Market Grid in the Market Window
- Using the Instrument Explorer in the Market Grid
- Market Grid Pane Field Descriptions
- Generating an RTD Formula
- Highlighting in the Market Grid
- Viewing Price Trend Indicators in the Market Grid
- Viewing Live-Only Contracts
- Viewing your Estimated Position In Queue
- Cloning Contract Rows
- Trading Eurodollar Options
- Launching an Algo in the Market Grid
- Market Grid Context Menu
- Viewing Market Depth
- RFQ Overview
- RFQ MiFID II
- Calculating Implieds
- Calculating Implied Ins
- Calculating Implied Outs
- Calculating Implied Quantities
- Calculating Implieds From Implieds
- Implied Functionality by Market
- Setting Implieds
- Viewing Implieds
- Managing Links
- Keyboard Trading in the Market Window
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Trading And MD Trader
- Introduction to MD Trader
- MD Trader Field Descriptions
- Using the Instrument Explorer in MD Trader
- MDTrader - Order Entry
- MD Trader - Order Management
- MD Trader and Managing Links
- MD Trader - Displaying Market Data
- MD Trader - Configuration
- Using the MD Trader Context Menu
- Keyboard Trading in MD Trader
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Orders And Fills Window
- Introduction to the Orders and Fills Window
- Order Modification Pane
- Order Toolbar
- Orders Pane
- Performing Order Status Inquiries
- Deleting an Order
- Canceling and Replacing an Order
- Holding Orders
- Pausing Synthetic Orders
- Changing Trigger Price Orders
- Recognizing Orders in an Unknown State
- Modifying Running Algo Variables
- Launching an OMA
- Keyboard Functions
- Fills Pane
- Adding a Manual Fill
- Deleting a Manual Fill
- Confirming Fills
- Changing Fill Account Information
- Start of Day Fills
- Fills Alert Dialog Box
- Using the Fills Pane Context Menu
- Fills Pane Column Descriptions
- Summary Pane
- Displaying Profit and Loss
- Position and Summary Pane Grouping
- Using the Summary Pane Context Menu
- Summary Pane Column Descriptions
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Position Window
- Introduction to the Position Window
- Position Pane
- Displaying Profit and Loss in the Position Pane
- Position Pane Context Menu
- Calculating Profit and Loss
- Orders and Fills Pane Context Menu
- Understanding Credit and Margin
- Position Pane Grouping
- Position Pane Column Descriptions
- Orders and Fills Pane
- Order Status Inquiries
- Deleting an Order from the Position Window
- Confirming Fill Orders in the Position Window
- Holding Orders in the Position Window
- Pausing Synthetic Orders in the Position Window
- Recognizing Orders in the Unknown State
- Orders and Fills Pane Column Descriptions
- Keyboard Functions and the Position Window
- Order Passing
- Quote Board
- Depth Window
-
Spread Matrix
- Introduction to the Spread Matrix
- Launching the Spread Matrix
- Navigating the Spread Matrix
- Customizing the Spread Matrix
- Displaying the Butterfly-Condor Matrix
- Butterfly Condor Matrix Overview
- Trading with the Spread Matrix
- Spread Matrix Calculations
- Butterfly Matrix Calculations
- Spread Matrix Context Menu
- Creating Strategies
- Audit Trail
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Floating Windows
- Floating Windows Overview
- Floating Order Book Overview
- Using the Floating Order Book
- Managing Algos in the Floating Order Book
- Keyboard Trading in the Floating Order Book
- Floating Order Book Column Descriptions
- Floating Depth Window
- Floating Net Position Window
- Using Floating Order Entry
- Using Multiple Floating Order Entry Windows
- Trading with the Order Bar
- Launching via the Net Position Field
- Seeding the Floating Order Entry
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Order Types
- X_TRADER Order Types
- Cross Orders
- Triggered Orders
- Iceberg Orders
- If Touched
- Triggered If Touched Orders
- Triggered Stop Orders
- Limits on Market Orders
- Machine Gun
- Market
- Market On Auction (MOA)
- Market On Close (MOC)
- Market On Open (MOO)
- Minimum Volume
- Submitting a Mutual Offset Order
- On Behalf Of Orders
- Order Cancels Order
- Duration Orders
- Time Sliced Orders
- Timed Orders
- Trailing If Touched Orders
- Trailing Limit Orders
- Trailing Stop Orders
- Volatility
- Volume Duration
- Volume Sliced Orders
- Best Limit
- Managing Saved Orders
- Saved Orders MiFID II
- Synthetic Orders on X_TRADER
- Introduction to Staged Orders
- Staged Order Creation
- Entering Related Child Orders
- Staged Order Management
- Staged Order Ownership
- Permissions and Risk
- Staged Orders Properties
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Wholesale Trading
- Introduction to Wholesale Trading
- SupportedTypes of Wholesale Trades
- Wholesale Orders MiFID II
- BVMF Cross Trades
- CME Cross Trades
- Eurex Wholesale Trades
- GMEX Wholesale Trades
- HKEx Wholesale Trades
- ICE Wholesale Trades
- LSE Cross and Committed Trades
- MX Cross and Committed Trades
- MEFF Cross Trades
- NYSE Liffe Wholesale Trades
- Euronext Wholesale Trades
- NYSE Liffe U.S. Wholesale Trades
- OSE J-NET Trades
- SFE Block Trades
- SGX Trade Reporting: One Sided Trades
- TFX Block Trades
- Aggregator
-
Automated Trading Windows
- Automated Trading Overview
- Introduction to the Algo Dashboard
- Deploying Algos
- Algo Order Management
- Sharing Algos in the Algo Explorer Pane
- Renaming Algos in the Algo Explorer Pane
- Deleting Algos in the Algo Explorer Pane
- Launching Algos in the Algo Variable Pane
- Updating Algos in the Algo Explorer Pane
- Setting Favorite Algos in the Algo Explorer Pane
- Managing Algo Templates
- Algo Behavior at Market Close
- Algo Behavior When the Algo SE Server is Restarted
- Algo Variable Pane
- Algo Explorer Pane
- Algo Orders Pane
- Algos Dialog Box
- Algo Dashboard Column Descriptions
- Algo Orders Pane Context Menu
- Algo Explorer Pane Context Menus
- Order Management
- Order Book
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Parent Order Book
- Introduction to the Parent Order Book
- Parent Order Book Toolbar Field Descriptions
- Managing Autospreader Orders in the Parent Order Book
- Managing Staged Orders in the Parent Order Book
- Managing Synthetic Orders in the Parent Order Book
- Managing Algo Orders in the Parent Order Book
- Viewing Child Orders
- Parent Order Book Context Menus
- Algo Variable Pane in the Parent Order Book
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Fill Window
- Introduction to the Fill Window
- Fill Window Fills Pane
- Fill Window Fills Pane Column Descriptions
- Fill Window Fills Pane Context Menu
- Fill Window and Start of Day Fills
- Managing Manual Fills in the Fill Window
- Changing Fill Account Information in the Fill Window
- Fill Window Position Pane
- Displaying Profit and Loss in the Fill Pane
- Fill Window Position Pane Column Descriptions
- Analytic Windows
- Alerts Manager
- Time And Sales
- Settings And Global Properties
-
Customer Defaults
- Introduction to the Customer Defaults
- Creating a Customer Defaults Profile
- Changing a Customer Defaults Profile
- Deleting a Customer Defaults Profile
- Setting Customer Defaults to Read-Only
- Sharing your Customer Defaults Profile
- Using the Customer List
- Customer Defaults for MiFID II
- Algo Defaults for MiFID II
- Customer Defaults Dialog Box Field Descriptions
- Order Defaults
- Risk Parameters
- Routing Rules
- Login Gateway
- Global Properties
- TT Minimizer
- Screen Configuration
- Customizing Fonts
- Filtering And Sorting Data
- Formatting Grids
- Resizing And Printing Windows
- Tabbed Windows
Trading with the Spread Matrix
You are viewing X_TRADER Version 7.17 and higher. For earlier versions, click here
The Spread Matrix provides quick order entry within a single window for active spread trading. Using the Spread Matrix and a floating order entry window, you can trade all outrights and calendar spreads for a single product. Floating Order Entry windows allow you to...
- Conserve screen real estate
- Replace multiple order entry windows
- Simplify order entry
Selecting a Floating Order Entry Style
To select a floating order entry style...
- Display the Settings | Properties | General menu.
In the Floating Windows section, click the Enabled Windows checkbox to select the desired floating order entry style.
- Click OK.
Entering Orders
To trade the spread, simply click any of the four market data cells comprising the spread. This displays your selected floating order entry window. Adjust the price, set your desired quantity and submit the order. That is all that it takes to execute a spread trade.
When using MD Trader as your floating order entry style, as each contact is selected, the floating MD Trader window populates with the contract information and is ready for you to place the order.
Tip:You can click a price, quantity, or position cell to launch a floating order entry window. By default, a left-click initiates an aggressive action and a right-click initiates a passive action.
Aggressive Actions
- A left-click on a price cell initiates an aggressive action (i.e., hit the bid or lift the offer) seeded with a quantity of zero or the default quantity if defined. When MD trader is your floating order entry window of choice, a left-click launches MD Trader seeded with a quantity of zero or the default order quantity if defined.
- A left-click on a position cell initiates an aggressive action intended to offset the current position and seeds the position in the quantity field.
A left-click on a quantity cell initiates an aggressive action seeded with the quantity from the market. The Seed with market qty setting found on the global properties Order Entry tab controls this behavior and is enabled by default. Wen this property is enabled, a quantity of zero or the default order quantity is seeded into the floating order entry window.
- The Seed zero if market qty exceeds max qty property seeds a quantity of zero if the market quantity exceeds your maximum order quantity. This property is available when Seed with market qty is enabled.
Passive Actions
By default, a right-click on a quantity cell initiates a passive action (i.e., join the bid or join the offer) seeded with a quantity of zero or the default quantity. Right-clicks do not launch floating MD Trader windows; when MD Trader is the selected floating order entry window, a right-click on a price or quantity cell displays the context menu.
Note: A right-click on non-price cells, non-quantity cells, a position cell, or the background outside of the grid cells displays the right-click context menu regardless of the selecting floating order entry window. Ctrl+Right-Click may be used to display the context menu if using the floating Order Pane or Order Bar.
A property called Join on Left Click is available on the global properties Trading tab when the Order Pane or Order Bar are the floating order entry window of choice.
When Join on Left Click is enabled, the left- and right-click actions are reversed:
- A left-click on a quantity or price cell initiates a passive action.
- A right-click on a quantity or price cell initiates an aggressive action.
Follow these procedures to trade with the Spread Matrix window:
To trade using floating order entry...
If logged into a X_TRADER ASP environment, select the desired broker using the Broker drop-down.
Click any of the price or quantity cells to populate the floating order entry window. This displays your floating order entry window of choice (i.e., the Order Pane, MD Trader, or the Order Bar.
- Add the order details that you want to include and submit your order.
To trade with the Floating Depth Window...
- In the Market Grid or Spread Matrix window, put your cursor over a price or quantity field for a contract you want to trade.
- Launch the Floating Depth Window according to the property set on the global properties Trading tab (i.e. Mouse hover or Middle click).
- Click the row at the price you want to trade. This seeds your floating order entry of choice with the contract and price you clicked.
- Add the order details that you want to include and submit your order.
Managing Orders
You may manage your working orders using the Floating Order Book. The Floating Order Book displays when you middle mouse click a quantity cell in the Spread Matrix. This works differently than the Market Window and MD Trader where the Floating Order Book displays when you middle mouse click your working orders.
Note: You may select how you would like to launch the Floating Order Book from the global properties Trading tab. Your Floating Order Book method must be different from your Floating Depth Window launch method.
Canceling Working Orders
By default, the Spread Matrix displays three cancel buttons that allow you to delete working orders for contracts displayed in the currently selected Spread Matrix tab.
- Cancel ALL cancels all working spread and outright orders for the contracts displayed on the current tab
Cancel Spreads cancels all spread orders for the displayed contracts on the current tab
Note: Cancel Spreads does not cancel any outright orders you may have for the contracts displayed on the current.
Cancel Outrights cancels all outright orders for the displayed contracts on the current tab
Note: Cancel Outrights does not cancel any spread orders you may have for the contracts displayed on the current tab.
The cancel buttons do not cancel orders for different contracts on separate Spread Matrix tabs or orders hidden using the Show/Hide Series right-click context menu option.
Tip: You can hide the cancel buttons by de-selecting the Cancel order buttons setting on the global properties Spread Matrix tab.
Managing Your Position
Your position displays in each of the outrights, making it easy to see where you stand for all expirations of the product. Blue indicates that you are long, red indicates that you are short, and gray indicates that you are flat.