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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
Introduction to Wholesale Trading
Note: If you are using X_TRADER 7.17 to connect to TT Gateways 7.16 or lower to make wholesale trades, click here for a description of wholesale trading in previous releases.
X_TRADER® 7.17 and higher includes an updated Wholesale Order window that allows the entry of wholesale orders, which includes Over-the-Counter (OTC) and Cross orders on the various supported exchanges.
The updated window:
- Allows users to change the quantity of a spread or strategy leg involved in a wholesale trade.
- Automatically updates to display the exchange-required fields for each order type.
- Highlights optional exchange fields.
- Provides the capability to select instruments directly from the Wholesale Order window.
- Provides immediate feedback on missing fields and invalid values.
- Supports several exchange-specific wholesale trade types including Cross orders on BVMF and MX, J-Net orders on OSE and SGX One-Sided, and Cross order types.
Note: Wholesale trades are only supported on a subset of exchanges, and support for specific wholesale trade order types is dependent on the particular exchange. In addition, before submitting wholesale orders, ensure that wholesale trading is enabled for your username in TT User Setup.
For information about how account-based risk is applied to wholesale trades and how it functions with different X_TRADER and TT Gateway versions, refer to the TT User Setup Online Help.
How to access the Wholesale Order Window
You can access the Wholesale Order Window by highlighting a supported contract in the Market Grid.
To open a Wholesale Order window:
- Log onto one of the exchanges that support wholesale trades.
- Open the Market Explorer and select a product.
- Open a Market window for the selected product.
- In the Market window, click the row containing the product.
- To access the Market Grid context menu, right-click in the specified product row.
- Highlight Wholesale Orders and
click the type of wholesale window you want to open.
Note: The Wholesale Orders options is grayed-out if:
- Your administrator has not enabled wholesale trades in TT User Setup.
- The product/exchange does not support wholesale trades.
- Optionally, right-click anywhere in the additional fields (Buyer and Seller) and select Confirm Order, Submit Orders on Enter, or Close Window on Submit from the context menu.
- To close the Wholesale Order window, press the Esc key.
The Wholesale Order Window
As you select the various order types, the Wholesale Order window dynamically updates to include the fields required to submit the order (refer to the following figure).
In addition, the Wholesale Order window includes the following sections:
- Instrument Explorer: Accessible from the Instrument Explorer
icon
and available for all order types, the Instrument Explorer allows the user to select/change the current contract.
- Contract Field: Displays the currently selected contract.
- Quantity/Price Buttons: Allows the user to set the quantity
and price of the submitted order.
- Select an Order Type available per exchange.
You can right-click an order type and select Set as Default. When this setting is checked and enabled, newly launched Wholesale windows will have the previous order type selected, but only if it’s available at the exchange. If the default order type is not available, X_TRADER® will select the first order type listed.
- Right-click in the additional Buyer and Seller fields to open
the context menu for the following options:
- Confirm Order: Opens the Confirm window when a trade is submitted. Applies to every instances of a newly opened Wholesale Order window.
- Submit Order on Enter: Enables submitting orders via the keyboard (Enter key).
- Close Window on Submit: Closes the Wholesale Order window when an order is submitted. Applies to every instance of a newly opened Wholesale Order window.
Notes:
- The Wholesale Order window will not submit an order if it does not have a price.
- Wholesale trades are not available when running X_TRADER in simulation mode.
- Wholesale orders appear in the Audit Trail window and the Total Traded Quantity column in the Market and Fill windows.
- Wholesale orders appear in the Order Book window: some for a few seconds until the Exchanges matches the order; others appear longer as they require user interaction.
- All wholesale orders entered through the X_TRADER 7.17 Wholesale Order window are risk-checked using Account-Based Risk. No MGT-based risk checking is applied.