GL WIN User Guide April 2007
Version 7.1.1 – Trading Tools
Documentation issued by CertEx All the intellectual property rights over this document and the information it contains remain vested in GL TRADE. As a consequence, it is strictly prohibited to reproduce, modify, translate, and/or transfer this document and the information it contains, whether for free or valuable consideration, in whole or in part, by any means and/or for any purpose whatsoever, without written authorization from GL TRADE. The information contained in this document is deemed complete and accurate. However, it is provided to you "as is" without any warranty of any kind, whether express or implied, including without limitation any implied warranties of merchantability or fitness for a particular purpose. © GL TRADE 2007.
Table of Contents Introduction .................................................................................................... 13 The Order Book Window ............................................................................... 15 Entry Box ........................................................................................................ 17 The Display Menu ..........................................................................................17 Fixed Window ..................................................................................................... 18 Show/Hide Title and Menu ................................................................................. 18 Show/Hide Button Bar ........................................................................................ 18 Show/Hide Entry Box.......................................................................................... 18 Main Control Window ......................................................................................... 19 Controlled Window ............................................................................................. 19 Control Window By Order .................................................................................. 19 Controlled By Account ....................................................................................... 20 Add Stock List by Piloting ................................................................................. 20 Replace Stock List by Piloting .......................................................................... 20 Quick Search by Piloting.................................................................................... 21 Wave View ........................................................................................................... 21 Parent View.......................................................................................................... 21 Column Setup...................................................................................................... 21 Colors................................................................................................................... 23 Font... ................................................................................................................... 23 Print... ................................................................................................................... 23 Quit ....................................................................................................................... 23
The Orders Menu ...........................................................................................24
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Entry Box .......................................................................................................24 Buy….................................................................................................................... 26 Sell… .................................................................................................................... 34 Cross… ................................................................................................................ 35 Take… .................................................................................................................. 36 Hit... ...................................................................................................................... 36 Bid/Ask................................................................................................................. 37 Modification of Warrant Price ............................................................................ 38 Modify… ............................................................................................................... 38 Cancel... ............................................................................................................... 39 Global Modification............................................................................................. 40 Global Cancel... ................................................................................................... 41 Command on Selection... ................................................................................... 42 Resend ................................................................................................................. 45 General Settings ................................................................................................. 45
Settings ..........................................................................................................46 Setup .................................................................................................................... 46 Display Preferences............................................................................................ 48 Color..................................................................................................................... 48 Font ...................................................................................................................... 49 Zone Settings ...................................................................................................... 50 Main ...................................................................................................................... 54 Price/Qty/Code .................................................................................................... 55 Client/Parent/Child Orders ................................................................................. 57 Sending ................................................................................................................ 57 Quick Modification.............................................................................................. 58 Code Finder & Strategy Builder ........................................................................ 59
The Basket Menu ...........................................................................................60 Select All, Deselect All, Reverse All, Reverse ............................................60 The Tools Menu .............................................................................................61 Setup... ................................................................................................................. 61
The View Menu ..............................................................................................64 Single Order Breakdown... ................................................................................. 64 Execution History... ............................................................................................ 64 Trading Watch... .................................................................................................. 65 P & L... .................................................................................................................. 65 Fills by Instrument... ........................................................................................... 65 Summary and Calculation.................................................................................. 66
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The Filters Menu ............................................................................................70 Edit Filters... ........................................................................................................ 70 No Active Filter.................................................................................................... 73
The Tabs Menu ..............................................................................................74 Add Tab................................................................................................................ 74 Remove Tab......................................................................................................... 75 Modify Tab ........................................................................................................... 75 Tabs Position ...................................................................................................... 75
The GLNET Menu ..........................................................................................76
The Trading Station Window......................................................................... 77 The Order Consultation area ........................................................................78 The Ticker ......................................................................................................79 Keyboard shortcuts.......................................................................................79 The Order Menu .............................................................................................83 Buy….................................................................................................................... 83 Sell… .................................................................................................................... 88 Cross… ................................................................................................................ 88 Take… .................................................................................................................. 89 Hit... ...................................................................................................................... 90 Modify… ............................................................................................................... 90 Cancel…............................................................................................................... 91 Cancel -> Care Order… ...................................................................................... 92 Global Modification............................................................................................. 93 Global Cancellation ............................................................................................ 93 Quit... .................................................................................................................... 94
The Basket Menu ...........................................................................................94 List........................................................................................................................ 94 Basket Management ........................................................................................... 95 Inserting orders in a basket............................................................................... 97 Sending a basket of orders................................................................................ 98 Reverse... ........................................................................................................... 101 Additional... ....................................................................................................... 101 Outstanding… ................................................................................................... 102
The View Menu ............................................................................................102 Order Book Filter…........................................................................................... 102 Order history….................................................................................................. 105
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Order Status…................................................................................................... 106 Execution history… .......................................................................................... 107 Trading report... ................................................................................................ 110
The Care Order Menu ..................................................................................112 Order... ............................................................................................................... 112 Filter... ................................................................................................................ 114 Buy... .................................................................................................................. 115 Sell...................................................................................................................... 116 Modify................................................................................................................. 116 Cancel... ............................................................................................................. 116
Trade Report ................................................................................................117 The Order menu...........................................................................................117 Buy... .................................................................................................................. 117 Sell...................................................................................................................... 118 Cross... ............................................................................................................... 119 Consult............................................................................................................... 119 Execution........................................................................................................... 119 Reply .................................................................................................................. 120 Cancel ................................................................................................................ 120 Resend... ............................................................................................................ 120 Close .................................................................................................................. 120
The Display menu........................................................................................120 Show/hide title and menu................................................................................. 121 Show/hide scroll bars....................................................................................... 121 Show/hide data title .......................................................................................... 121 Data setup.......................................................................................................... 121 Font... ................................................................................................................. 121 Colors................................................................................................................. 122
Default... .......................................................................................................122 The Display Menu ........................................................................................122 Consultation Data Setup…............................................................................... 123 Ticker Data Setup.............................................................................................. 124 Info of Ticker….................................................................................................. 125 Care Order Setup…........................................................................................... 125 Basket list setup... ............................................................................................ 126 Trading report setup… ..................................................................................... 126 Format of Data................................................................................................... 127 Print Orders... .................................................................................................... 127
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Print Ticker... ..................................................................................................... 128 Main controlled window ................................................................................... 128 Show/Hide title and menu ................................................................................ 128 Show/Hide scroll bars ...................................................................................... 128 Show/Hide data title.......................................................................................... 128 Show/Hide ticker ............................................................................................... 128 Show/Hide button bar....................................................................................... 128 Font... ................................................................................................................. 129 Colors................................................................................................................. 129
The Setup Menu...........................................................................................129 Orders... ............................................................................................................. 129 Account number... ............................................................................................ 132 Confirmations.................................................................................................... 133 Trading ticker... ................................................................................................. 133 Sorting Type... ................................................................................................... 134 Origin.................................................................................................................. 135 Trader id............................................................................................................. 135 Trade report....................................................................................................... 136
The Trading Watch Window ........................................................................ 137 The Display Menu ........................................................................................137 Fixed Window.................................................................................................... 138 Show/Hide Title and Menu ............................................................................... 138 Show/Hide Button Bar ...................................................................................... 138 Refresh............................................................................................................... 138 Auto-Scroll......................................................................................................... 138 Column Setup.................................................................................................... 138 Colors................................................................................................................. 140 Font... ................................................................................................................. 141 Print... ................................................................................................................. 141 Quit ..................................................................................................................... 141
The Tools Menu ...........................................................................................141 Setup .................................................................................................................. 141 Trading Session... ............................................................................................. 142 Clear ................................................................................................................... 142 Load.................................................................................................................... 143
The Mode Menu ...........................................................................................143 Historic............................................................................................................... 143
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Incoming Messages.......................................................................................... 143
The Group By Menu ....................................................................................143 The Filters Menu ..........................................................................................144 Edit Filters... ...................................................................................................... 144 No Active Filter.................................................................................................. 148
The Tabs Menu ............................................................................................148 Add Tab.............................................................................................................. 148 Remove Tab....................................................................................................... 149 Modify Tab ......................................................................................................... 149 Tabs Position .................................................................................................... 149
The Alarms Menu ........................................................................................149 Edit Alarms ........................................................................................................ 150 No Active Alarm ................................................................................................ 150
The GLNET Menu ........................................................................................150
Special Order Book...................................................................................... 151 The P & L Window........................................................................................ 153 The Display Menu ........................................................................................154 Dictionary .......................................................................................................... 154 Main Control Window ....................................................................................... 154 Controlled By Account ..................................................................................... 154 Fixed Window.................................................................................................... 154 Always on Top................................................................................................... 155 Show/Hide Title and Menu Bar ........................................................................ 155 Show/Hide Button Bar ...................................................................................... 155 Price/ Capital ..................................................................................................... 155 Select data display............................................................................................ 155 Colors................................................................................................................. 156 Font .................................................................................................................... 156 Print... ................................................................................................................. 156 Exit...................................................................................................................... 156
The Select Menu ..........................................................................................157 Select, Unselect, Invert..................................................................................... 157 Select All, Deselect All, Reverse All................................................................ 157
The Simulation Menu ..................................................................................157 Load.................................................................................................................... 157
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Erase .................................................................................................................. 158 Erase All............................................................................................................. 158
The Tools Menu ...........................................................................................158 Setup .................................................................................................................. 158 Select New Instrument ..................................................................................... 161 Disable currency conversion........................................................................... 161 P&L currency conversion ................................................................................ 161 Enable currency conversion............................................................................ 161 Trading Session... ............................................................................................. 161
The Instrument Info. Menu..........................................................................162 The Filters Menu ..........................................................................................162 Edit Filters... ...................................................................................................... 162 No Active Filter.................................................................................................. 165
The Tabs Menu ............................................................................................165 Add Tab.............................................................................................................. 166 Remove Tab....................................................................................................... 166 Modify Tab ......................................................................................................... 166 Tabs Position .................................................................................................... 167
The GL NET Menu .......................................................................................167
The Fills by Instrument Window ................................................................. 169 Different VWAP Types in the GL WIN V5 Windows..................................170 Exchange VWAP ............................................................................................... 170 Market VWAP (or GL VWAP)............................................................................ 170 Trader VWAP ..................................................................................................... 170 VWAP Example ................................................................................................. 170
The Display Menu ........................................................................................171 Dictionary... ....................................................................................................... 171 Controlled window setup... .............................................................................. 171 Controlled by order........................................................................................... 172 Controlled By Account ..................................................................................... 172 Show/Hide Title and Menu ............................................................................... 172 Show/Hide Button Bar ...................................................................................... 172 Price/Capital ..................................................................................................... 172 Execution Section Setup.................................................................................. 173 Statistical Section Setup... ............................................................................... 174 Colors................................................................................................................. 176
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Font... ................................................................................................................. 176 Print... ................................................................................................................. 176 Exit...................................................................................................................... 176
The Select Menu ..........................................................................................176 Select, Unselect, Invert..................................................................................... 176 Select All, Unselect All, Invert Selection ........................................................ 177
The Tools Menu ...........................................................................................177 Setup... ............................................................................................................... 177 Trading Session... ............................................................................................. 179
The Filters Menu ..........................................................................................179 Edit Filters... ...................................................................................................... 179 No Active Filter.................................................................................................. 183
The GLNET Menu ........................................................................................183
Alerts & RFQ................................................................................................. 185 The Alerts window ....................................................................................... 187 The File Menu ..............................................................................................189 Open... ................................................................................................................ 189 Save.................................................................................................................... 189 Quit ..................................................................................................................... 189
The Alerts Menu ..........................................................................................190 Dictionary .......................................................................................................... 190 Delete ................................................................................................................. 190 Activate/Deactivate ........................................................................................... 190 Invert .................................................................................................................. 190 Activate/Deactivate all ...................................................................................... 190 Invert all ............................................................................................................. 191 Default Parameters... ........................................................................................ 191 Toggle RFQ........................................................................................................ 191 Global variation................................................................................................. 191 Sounds... ............................................................................................................ 191
The Display Menu ........................................................................................192 Show/Hide title and menu ................................................................................ 192 Main control window ........................................................................................ 192 Main control window (lower section).............................................................. 192 Show/Hide button bar....................................................................................... 193
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Show/Hide Messages ....................................................................................... 193 Font... ................................................................................................................. 193 Color................................................................................................................... 193
CME Market Maker ....................................................................................... 195 Price Display System................................................................................... 197 Key to MM Quote Price Variations .............................................................198 The Display Menu ........................................................................................198 Dictionary .......................................................................................................... 199 Controlled window setup... .............................................................................. 199 Contribute .......................................................................................................... 199 Market Column Setup ....................................................................................... 200 Instrument Column Setup ................................................................................ 201 Market Maker Number ...................................................................................... 202 MM Buyer ........................................................................................................... 202 MM Seller ........................................................................................................... 202 Show/Hide Title and Menu ............................................................................... 202 Show/Hide Instrument Data ............................................................................. 202 Show/Hide Yellow Strip .................................................................................... 202 Show/Hide data title.......................................................................................... 203 Show/Hide scroll bars ...................................................................................... 203 Font... ................................................................................................................. 203 Yellow Strip Font............................................................................................... 203 Colors................................................................................................................. 203 Print... ................................................................................................................. 203 Quit ..................................................................................................................... 204
The Sort By Menu ........................................................................................204 Best Price .......................................................................................................... 204 Best Bid & Ask .................................................................................................. 204 Decreased Qty................................................................................................... 205 Market Maker Name .......................................................................................... 205 Market Maker Time............................................................................................ 205 Combined Market Maker Name ....................................................................... 205 Combined Market Maker Time......................................................................... 206
Index.............................................................................................................. 207
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Introduction The Trading section of GL WIN includes the following windows:
Order Book and Entry Box Trading Station Trading Watch Special Order Book P&L Fills by Instrument Alerts & RFQ CME Market Maker Price Display System
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The Order Book Window To access the Order Book window, click on the Trading Tools icon, then Order Book. The Order Book window is designed to facilitate order follow-up. Several Order Book windows can be opened at the same time. All the Order Book functions are available for instruments on cash and derivatives markets for all types of orders (including strategies), with consolidation across several SLE Trading Server connections.
In the Limit Position column (L), the indicator ( ~ ) is used to display the estimated position of an order in the market depth before market acknowledgement. Implied strategies are indicated by the label Implied in the Type column. If you choose to display only a few columns in the window, and if the window is stretched to a large enough size, the data will scroll so that the columns are repeated several times.
Quick Order Entry To quickly send a Buy, Sell or Cross order, type the instruction in the line above the column headers with the following format: quantitysymbolprice, including the prefix (for example 1000FTE25).
Then select a side using the following keys:
+ for a buy order
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- for a sell order * for a cross order
This window includes the following menus:
Display Orders Selection Tools View Filters Tabs GLNet
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Entry Box The Entry Box is a multi-market dialog with which you can send, monitor and control your orders. Bring up the Entry Box by right-clicking on an instrument in the Market Watch and selecting the type of order you would like to perform on the instrument.
Refer to the Entry Box section in the Orders Menu for a detailed explanation of this window.
The Display Menu The Display menu includes the following functions:
Fixed Window Show/Hide Title and Menu Show/Hide Button Bar Show/Hide Entry Box Main Control Window Controlled Window Control Window by Order Controlled By Account
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Add Stock List by Piloting Replace Stock List by Piloting Quick Search by Piloting Wave View Parent View Column Setup Colors Font Print Quit
Fixed Window Use this function to display the selected window on all virtual screens that are available. GL WIN enables you to display information on four different virtual screens. A fixed window is always displayed and can be associated with other different windows according to the virtual screen displayed.
Show/Hide Title and Menu Shows or hides titles and menus.
Show/Hide Button Bar This function displays or hides the button/icon bar.
Show/Hide Entry Box This function displays or hides a simplified embedded Entry Box at the top of the Order Book window.
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Simplified Entry Box Buttons
Button
Function Opens an expanded Entry Box, enabling you to make more detailed changes to orders. Modify Cancel Clear
Main Control Window With the Main Control window function, you can control one or several windows:
Instrument summary Intraday, Historical Characteristics of a stock Market depth
Fills by Instrument When you change the order and the active instrument is different in the main control window, all controlled windows are updated accordingly. The main control window must be selected on either the Market Watch, Order Book or P&L window. This is then known as the "master".
Controlled Window For detailed information, see the Controlled window setup... description associated with the Display menu of the Instrument Summary window.
Control Window By Order The Single Order Breakdown window will be updated according to the selected order in the Order Book window. In this window you can visualize the execution details of GTC orders. For example, if the order SU is highlighted in the Order Book window, the Single Order Breakdown window will feature this order alone:
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Controlled By Account Tick this to control the Order Book by client, in conjunction with the Client Account Manager.
Add Stock List by Piloting (Shift + Ctrl + P) The Add Stock List by Piloting option displays all of the instruments you are currently trading in the Order Book in the Market Watch window, adding any that are currently missing. Note: To control which instruments are displayed in the Market Watch window, you first need to activate the Window controlled by stock list option in the Market Watch window.
Replace Stock List by Piloting (Shift + Ctrl + S) The Replace Stock List by Piloting option clears the current list of instruments that are displayed in the Market Watch window and re-populates the window with the list of instruments displayed in the Order Book. Note: To control which instruments are displayed in the Market Watch window, you first need to activate the Window controlled by stock list option in the Market Watch window.
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Quick Search by Piloting (Shift + Ctrl + F) The Quick Search by Piloting option automatically puts the focus on the corresponding instrument in the Market Watch window to the selected instrument in the Order Book. If the instrument is not currently visible in the Market Watch window, the window will scroll down until it is visible. The instrument however will not be loaded into the Market Watch window if it is not currently displayed there. Note: To control which instruments are displayed in the Market Watch window, you first need to activate the Window controlled by stock list option in the Market Watch window.
Wave View If using GL WAVETRADER in conjunction with GL WIN, select the Wave View function to group orders in the Order Book according to wave. These are flagged with the word Wave. Baskets sent by the basket editor Arwin are also displayed in wave view, with the flag Basket.
Parent View Available in a future release.
Column Setup... Enables you to select the fields to be displayed in the Order Book window.
Information displayed in grey will not appear in the Order Book window; information displayed in black will appear.
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You can also change the field order horizontal display. To change the order of data, click, then drag and drop the item you want to move to its new position. The S field is used for inserting a separation line between the columns of the Order Book window. To add a separation, just click in the S field, between the two titles you want to separate. To remove a separation, click on the line in the S field. The FP field is used to set a fixed position that freezes the selected data when you are scrolling from left to right within the window. To freeze a title, just click in the FP field in front of the data you always want to be visible in your window. To de-freeze a title, click in the FP field, on the line. The 1 line and 2 lines buttons enable you to organize information into one or two lines respectively. A display on two lines can help you to clarify certain data by grouping the items together. The Style option enables you to add a grid to the Trading Watch display and define certain options for the cursor. Click on the Style button to display additional configuration choices.
The Grid section enables you to add Vertical and/or Horizontal lines to the information display section of the Order Book window. The Cursor shape section enables you to select the type of cursor you wish to display, and the Cursor properties and Cursor blink sections enable you to define the properties of the cursor. The Sort properties section enables you to lock the sorting of the columns, meaning that it will no longer be possible to accidently spoil your selection by clicking on another header. Click Ok to validate or Cancel to return to the initial configuration. To apply the GL WIN default configuration, click on the Default button.
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Basic Columns The Market field displays the market segment of each instrument (Cash, Forward, Options, Futures, etc.). The Instruction field contains routing type information. This field can contain the values DMA, EDA, or strategy names defined in the Entry Box .xml files (Broker System). The Own Orders column enables you to see orders entered by a supervisor (the glflux.ini file contains User ID=Proprietary User or User=Command User).
The vsLast column indicates the difference between the order’s limit and the last traded price on the market for each working order. By default this difference is displayed as a percentage, but If you want to have the vsLast displayed in points, uncheck the vs. Last market price in percentage option in the Tools -> Setup... menu of the Order Book. The background color indicators are:
green : vsLast = 0% yellow: 0%< vsLast ≤1% red: vsLast>1%
Colors... Modifies the color and background of pages and highlights certain information. For further information, see the Colors explanation associated with the Display menu of the Market Watch window.
Font... This setting is available on all GL WIN windows. See the Font function explanation associated with the Display menu of the Market Watch window.
Print... To get detailed information, see the Print explanation associated with the Display menu of the Market Watch window.
Quit Exits the Order Book window.
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The Orders Menu This menu is displayed only if you are connected to a SLE (Server Link to Exchange) and if the Trading Station window is open. The SLE is the server used to send orders to the Exchange and receive acknowledgments. This menu includes the following functions:
Buy Sell Cross Take Hit Bid/Ask Modif of Warrants ref price Pending/ Trigger Pending Modify Cancel Global Modify Global Cancel Command on Selection
Entry Box The Entry Box is a multi-market dialog with which you can send, monitor and control your orders. Bring up the Entry Box by right-clicking on an instrument in the Market Watch and selecting the type of order you would like to perform on the instrument.
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The order zone of the Entry Box (Qty, Code and Limit section) features a Quantity Pad and Spin Buttons to enable easier entry of quantity and price limit. Click a number on the Quantity Pad and the figure in the Qty field increases by that amount. Click the Spin Buttons on the top and bottom of the Qty and Limit fields to increase or decrease the amounts contained within. on the left of the zone. Each zone can be expanded or reduced by clicking the arrow button Alternatively, set your preferences from the Settings -> Zone Settings window. You can send the following types of order:
Buy Sell Cross Take Hit
You can also quickly and easily create strategies using the Code Finder and Strategy Builder sections, shown below.
Note: Some derivatives markets have not yet been included in the support.dat file. For these markets, you must manually fill the support.dat file with the corresponding underlyings. The Code Finder and Strategy Builder sections will function on all cash markets, and the derivatives markets entered in the support.dat file.
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The position and layout of the Entry Box can be customised by right-clicking within the window and selecting Settings from the pop-up menu. The General Settings menu, accessible by a right-click on the GL Deskbar, also features some adjustable Entry Box-specific settings. You can choose which columns appear in the Market Summary zone at the bottom of the Entry Box by right-clicking in the zone and selecting Column Setup from the menu.
Buy… (F5 or +) Displays the Entry Box in Buy format.
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This dialog box contains the following fields: Qty Code Limit
CodeFinder Source Underlying Call / Put Futures/Options/Options on Futures/Others Month/Year Strike Expiry Buttons New Leg
Strategy Builder New Type Create Undo Redo
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Basic Cl. Ref Validity
Advanced Min Qty SRD
On Hold Pending (according to setup)
Code Finder The Code Finder section of the Entry Box helps you quickly find instruments (for options).
The Code Finder has two main functions: 1. Piloting the Entry Box If the Strategy Builder section is reduced or hidden, the Code Finder pilots the Entry Box, and puts the instrument code you select in the Code field of the Entry Box.
2. Assisting you in the Strategy Builder If the Strategy Builder section is expanded, the Code Finder puts the current instrument in the active line in the Strategy Builder strategy creation list. You can also create a new strategy leg in the Code Finder. in the Strategy Builder by clicking on the New Leg button The Code Finder contains the following sections: Source Choose the exchange and then the market. The selected source is displayed next to the Market Selected combo box:
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Note: You can place lists of derivatives in .STK files in the GL WIN kit directory. If you select the file from the Source -> Bookmarks section, the .STK file contents (the corresponding underlyings) are displayed in the Underlying field of the Code Finder. Underlying Choose the underlying instrument. This box can be configured to display the underlying name instead of the underlying symbol. Select General Settings from the toolbar, then click Application -> Code Finder and check Display Underlying Name instead of Symbol. Call / Put Pick a side for the option (if looking for an option). Then select one of the available types from the combo box (American, European, Mid Curve etc.). Futures / Options / Options on Futures / Others Tick a box to select the type of instrument. Month / Year Click on the month and year buttons to select an expiry date. Strike Pick a strike from the available list (if looking for an option). Expiry Buttons Pick an expiry date by clicking on the available year/month buttons. Expiry buttons are displayed in bold to enable you to quickly them. New Leg This button is only available when the Strategy Builder is expanded. Click on this button to create a new leg in the Strategy Builder strategy creation list.
Strategy Builder The Strategy Builder allows you to create a strategy in two ways: 1. Based on predefined templates or, 2. Creating a brand new (User Defined) strategy
Note: the Strategy Builder also displays market information (Bid Quantity, Bid Price, Ask Price and Ask Quantity) for each leg of a strategy, whether market strategies or user-defined strategies. The Strategy Builder contains the following buttons:
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New Discards all changes and resets the strategy creation list. Type Enables you to create a strategy from a predefined template. Select a strategy from the Type combo box, and the strategy creation list is automatically filled based on the selected strategy. The below example shows the predefined strategy creation list for a Call Butterfly.
The yellow color indicates that the field is mandatory and has to be filled. The red color indicates that the field is not used for this particular strategy. You may still enter information in the field, and the strategy will be adapted accordingly. However, if a padlock appears in the cell, you cannot enter any information. The dark grey color indicates that the field will be generated by the Strategy Builder. Note: In the above example the ‘+’ sign indicates that you have to select a strike higher than the strike of the previous leg.
Manually Creating Legs If you input the legs individually, you can still check which predefined strategies are available with your already-entered parameters. You can enter legs in any order as the Strategy Builder will identify the strategy you require. If none of the pre-configured strategies apply, the only option visible in the Type combo box is User defined. However, if the Strategy Builder finds strategies that match the already-entered information, a list of possible strategies is generated and offered to you. Click on a proposed strategy in the Type combo box to apply the template to the strategy creation list. Refer to the the Strategy Watch -> Dictionary section for descriptions of the fields to be filled. Once the strategy is ready, the Code field of the Entry Box displays the symbol of the strategy, ready for trading. Strategy legs can be visualised in the Legs Details section, shown below. The information in this section is updated in real-time.
User Enables you to immediately create user defined strategies. Once a user-defined strategy is created on the market it will no longer exist as a user defined strategy. If the strategy does not match the templates stored in GL STREAM WS, the Type combo box will display Unlisted. After the strategy is created (either user defined, or exchange strategy), the Entry Box is able to trade on that strategy.
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Create Click this to send a custom strategy to the exchange. A user defined strategy can be sent to the exchange if it meets exchange specifications. Undo Click to undo the last adjustment made in the Strategy Builder. You can undo a maximum of 15 actions. Redo Click to redo the last action after an undo in the Strategy Builder. You can redo a maximum of 15 actions.
GL TACTICS Orders Note: The GL TACTICS orders available depend on the market and the GL TACTICS server configuration. Disp Qty Trigger Price MIT (depending on market and architecture) or buttons. A drop-down This section can be expanded and reduced by clicking on the menu contains all GL TACTICS orders available, depending on the market and your GL TACTICS server configuration. For detailed information about sending GL TACTICS orders, refer to the GL TACTICS User Guide available on GLTrade.net.
Clearing Key Clearing key Posting Action Origin Compensation mode Clearing account Allocation receptor Memo Trader Order Nb Mouse trading
Description of Fields Quantity Enter the quantity of orders.
Code The selected stock name is displayed in the blue area. The selected stock code (Instrument symbol or Instrument code) is displayed in the Code field. You can select a new stock by entering its code in the Code field. If an incorrect symbol is entered, the words will appear in this zone.
Limit Specify a limit by selecting one of the following options:
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Option
Description
Open
Equivalent of a Market on opening. Orders are processed at their opening price. Current best bid. If there are no bids on the market, a warning message appears giving you the possibility to send the order at the best opposite market price. Enables you to enter orders that will be executed at the best possible price. No limit price is specified. Order executed at as many different prices as necessary until the order is filled. Default validity is E&E. GL WIN uses the bid quantity and searches the upside of the market’s five best limits only until it finds enough quantity to fill the order. If the entire order quantity is not filled initially, the remaining quantity will become a limit order at the last traded price. Current best bid + one tick. Best opposite price. The order is executed up to the first opposite limit. Last price listed. Current best bid price. Current best offer price. Any valid limit can be typed in, forgoing the limit selection.
First limit Any price Seek limit
Best first Best opposite Market to limit Last Bid price Ask price Actual
Basic Cl. Ref Client trading account number (not sent to the Exchange). Type the first letter of an existing account and the first account starting with this letter is displayed. This field can be piloted by the Client Account Manager window.
Validity The Validity field can be selected from amongst : E&E, Day, FoK, GTC. Type
Description
E&E Day FoK GTC
Execute and eliminate (= Fill and Kill) Default value Fill or Kill (T/R and minimum quantity = quantity) Valid until next liquidation
You can also enter a date manually in the Validity field. It corresponds to the GTD option. To quickly find the correct date, click on the calendar icon date from the calendar that appears.
Advanced Min Qty Specify a minimum volume (optional).
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SRD (Specific to EURONEXT Paris) Check it if you want a recorded payment.
Trigger Orders Disp Qty Disclosed quantity (optional).
Trigger price Enables you to enter Trigger Orders (not available for all markets). This order type is a limit order that is triggered and created only when the market trades at the given trigger/stop price indicated or better. The order is entered into the system at the limit price and will immediately execute at the price in the book up to the limit price. Orders are stocked on the SLE and are visible only when the trigger price is reached. An order is created when the price level is reached in the field Trigger price (Limit > Trigger price at buying ; Limit < Trigger price at selling). To send a stop limit order: 1. Access a buy or sell window (F5 or F9) 2. Enter the limit price in the Limit field (you cannot use options from the dropdown menu). 3. Access the Trigger price field and enter the stop price. 4. Continue entering all the appropriate fields. 5. Press Enter to send the order to the market.
Clearing Key Clearing key Clearing information can be set up. To get detailed information, see the Clearing key set up window. This field can be piloted by the Client Account Manager window.
Posting Action Indicates whether the order is opening or closing a position (optional). The information displayed is affected by the choices made in the Posting zones of the Legs detail section. This feature is essentially used by market-makers.
Origin Indicates who is trading for whom (optional).
Compensention Mode Indicates the way the Clearing house treats the order, when allocating it (optional).
Clearing Account Specify the clearing account number.
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Allocation Receptor Indicates the member to which the order is allocated, when allocating the order (optional).
Memo Enter comments (optional).
Trader order nb (Specific to EURONEXT Paris) Enter your trader's reference code which is incremented by 1 every time you send an order. This reference is reset to 0 every morning. After you have filled in all the required parameters in the Buy Order window, the system may display the following confirmation window:
These fields are filled in as shown above. An SLC request is performed to retrieve the stock price or its best limits (depending on the case). The price is displayed (Lim), as well as the corresponding capital. If the capital exceeds the maximum capital configured or if the variation with respect to the last, opening or closing price exceeds a maximum variation configured, you must confirm this order by pressing Enter. Otherwise the order is sent directly via the OK button.
Sell… (F9 or - ) Displays the Entry Box with the Sell button on top.
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Fields to be filled are the same as in the Buy order dialog box. For detailed information concerning the Sell... function, see the Entry Box -> Buy function of the Order Book window.
Cross… (F6 or * ) Enables you to buy and sell at the same time. This function is not available on all markets. Displays the Entry Box Cross order dialog box:
Limit Insert a value or choose between Best bid and Best ask. Field Best bid Best ask
Description Current best bid price. Current best offer price.
Fields to be filled are the same as in the Buy order dialog box. For detailed information concerning the Cross... function, see the Entry Box -> Buy function of the Order Book window.
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Take… (F1) Enables you to buy immediate orders at the market price for a quantity configured by default (E&E). Displays the Take Entry Box:
Fields to be filled are the same as in the Buy order dialog box. For detailed information concerning the Take... function, see the Entry Box -> Buy function of the Order Book window.
Hit... (F12) Enables you to sell immediate orders at the market price for a quantity configured by default (E&E). Displays the Entry Box Hit order dialog box:
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Fields to be filled are the same as in the Buy order dialog box. For detailed information concerning the Hit... function, see the Entry Box -> Buy function of the Order Book window.
Bid/Ask (Ctrl F6) Displays the Market Making window on the Bid/Ask side.
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Modification of Warrant Price Displays the Modification of ref price warrant window. This window enables you to change price limits on the Euronext markets.
Modify… (F7) Enables you to modify working orders. This function is accessible if the cursor in the display area is on a modifiable order: OK (acknowledged) or X (partially executed). All parameters of an order can be modified except the instrument code.
To modify an order: 1. Click on the order you want to change. 2. Press F7 or select Order -> Modify.... or 1. Right-click on the order you want to change. 2. Select Modify... from the drop-down menu. Make the necessary modifications to the order then click the Modify button. You have the choice of displaying either the remaining quantity to modify (QRem.) or a chosen new total quantity (Qtot.) in the top left corner of the window. You can define these options via the General Settings -> Applications -> EntryBox section.
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Note: Reduction in quantity (+ changes of CTI, origin, foreign exchange/firm, memo field, clearing fee) will not remove the order from the market nor will the changes result in lost priority in the market. However, if you make these changes while the order is "unsecured", there is a risk that the order will match before modification is complete. All other changes will automatically remove the order from the market and result in lost priority whether or not Ensure is selected. See also the descriptions of the Cancel Instrument Orders and Cancel All... buttons in the Settings section. You can also use this function to modify the Client Reference after order execution. Select an order in the Order Book window an then modify its Client Reference via F7. When the modification is sent, the new Client Reference is displayed in all the GL WIN trading modules. To simultaneously clear all fields in the Modify window, click the Clear button. Two mandatory parameters have to be included in the glflux.ini configuration file : [ServeurXXX] modifRetClientRef = O [APPLICATION] modif compte=O
Cancel... (F8) Enables you to cancel working orders. This function is accessible if the cursor in the display area is on an order that can be cancelled: OK (acknowledged) or X (partially executed). No entry is required. Fields are present for information purposes.
To cancel an order : 1. Click on the order you want to cancel. 2. Press F8 or select Order -> Cancel... or 1. Right-click on the order you want to change. 2. Select Cancel... from the drop-down menu. Click on the Send button to send the order or on the Abort button to cancel the order. Press Esc to quit.
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Global Modification (Shift + F7) Enables you to modify several working orders at the same time.
To globally modify all open orders in the Order Book, press Shift + F7. The Global Modification dialog will open. To globally modify a specific selection of orders: 1. Select the orders you want to modify by putting a tick in the Selection column 2. Either press F2 or select Orders -> Command on Selection. 3. Select Modify from the drop-down list and click Send. The Global Modification dialog will open. This dialog box contains the following fields:
The Modify Order Section Qty Select an equal quantity of each instrument to modify. You can manually enter a figure, left-click on the mouse to reduce the quantity, and right-click to increase it, or use the + and - keys to adjust the quantity. You can set up a focus on quantity in the General Settings -> SLE window. There are three modes available for modifying the quantity: Pure The value inserted directly represents the new quantity of the orders. x Minimum trade unit The value inserted is a multiple of the minimum trade unit of each instrument. Ratio of actual The value insterted is a divisor of the different remaining quantites.
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Limit By default (in the Trading Defaults window) this is set to Actual, the current instrument price. You can select another limit (Best Bid, Best Ask etc.) from the Limit popup menu, to globally change the price for all selected orders. Var If the Limit is set to Actual, you can globally choose a set variation on the limit for all selected orders by choosing a poitive or negative percentage in the Var section. The tick selection can be either plus or minus (for example Actual -6 is the current limit minus 6 ticks). You can use the + and - minus to increase and decrease the variation. Send Click the Send button to send your order modification.
The Exchange Specific Section Select an SLE from the drop-down menu to modify orders from a specific exchange. You can then expand the Exchange Specific section to display the following areas: Validity Select a validity for the modified order from the drop-down menu. Clearing Key Select a Clearing Key for the modified order (set to current clearing key by default). To get detailed information, see the Clearing key set up window.
The Override Section Cl. Ref Client trading account number (not sent to the Exchange). Type the first letter of an existing account and the first account starting with this letter is displayed. This field can be piloted by the Client Account Manager window.
Global Cancel... (Shift F8) Enables you to cancel all orders that can be cancelled (OK : acknowledged or X :partially executed) in the display area.
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This will remove all working orders displayed in the Order Book. To apply a global cancellation : 1. Press Shift F8 or select Order -> Global cancel. The Global Cancel dialog opens with the mouse placed over the Send button. 2. A confirmation dialog box appears to prevent the accidental use of this feature. 3. Click on Send or press Enter to execute the global cancellation, or 4. Click on Abort to exit this function.
Command on Selection... (F2) You can select any order(s) in the Order Book and display them in the below window in order to apply several commands to these orders. The number of selected orders is indicated in the Nb. Orders zone. Note: The number of commands available for each order depends both on the status of the order, and the type of market to which you are connected.
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Pending: Trigger Pending This function is only available with an SLE V5 Trading server architecture and is linked to the GL PTO (Programmed Triggered Orders) Application. It is used for:
suspending an order already on the book, and triggering a pending order.
Suspension of Orders on the Book For suspending an order already on the book, select the appropriate order in the Order Book and use the Pending/Trigger Pending... function. The suspended order is then displayed with a P sub-status (SSt) -for Pending- and a specific background color.
Triggering Pending Orders For triggering a retention order, select the appropriate order in the Order Book. A pending order is displayed with a sub-status (SSt) P - for Pending - and a specific and configurable background color. Then use the Pending/Trigger Pending... function.
The Command Drop-Down Menu Cancel Cancels selected order(s). Pending Sends or Aborts selected orders as Pending orders (according to the SLE Trading server version). Trigger Pending
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Sends or Aborts selected orders as Trigger Pending orders (according to the SLE Trading server version). Create VWAP Order Creates a virtual VWAP order. This virtual order enables you to compare the Market Period VWAP calculation and the average price for selected orders (Trader VWAP). Note: VWAP orders can only be calculated for executed orders (status TX), on the same side (buy or sell), and on the same instrument. For more information about VWAP types, please refer to the general VWAP description in the section Fills By Instrument -> Different VWAP Types in the GL WIN V5 windows. Remove VWAP Removes a VWAP order already contained in the Order Book window.
VWAP Calculation mode Enables you to either enter a specific time range, or to calculate the VWAP for the entire Trading Session duration. Specify a time phase in the VWAP calculation mode section (From HH/MM/SS To HH/MM/SS), or tick Trading Session.
Example Click on the + / - column. The VWAP virtual node opens and you can see selected orders. You can compare your VWAP (AveP column) to the corresponding market Period VWAP (Pd.VWAP column).
In this example the trader has bought 500 ROU08 at an average price (AveP column) of 19.41636 between 13:19:48 and 13:34:39.
The corresponding period VWAP between these two hours is : 19.446651 (Pd.VWAP column).
The green colour indicates that the trader has bought at a better price than the Market VWAP during this period (a red colour would indicate that the trader has bought at a worse price than the Market VWAP during this period).
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Resend Right-click on an executed order to display the popup menu below. This brings up the last Entry Box used to send the order (Buy, Sell, Cross...). The Quantity, Code and Limit fields are automatically filled in the Entry Box.
If the order is only partially executed, the right-click menu contains the option Resend Remaining. The remaining Quantity, Code and Limit fields are automatically filled in the Entry Box.
General Settings Refer to General Settings in the GL Deskbar Popup Menu description.
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Settings The Settings window enables you to set defaults, such as rearrange the layout and colour scheme of the Entry Box, or set which zones to hide or display. This window is accessible by right-clicking on the Entry Box and selecting Settings from the popup menu.
Provides the following Entry Box settings;
Setup Display Preferences Color Font Zone Settings Main Price/Qty/Code Client/Parent/Child Orders Sending Quick Modification Code Finder & Strategy Builder
Setup This window enables you to set the default behaviours of the Entry Box.
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Descriptions Sound alert when sending an order Tick this box to activate an audible beep when sending an order, in both fixed or pop-up mode (see Close the Dialog after sending an order, below). Note that the beep sound is not configurable. Visual alert when sending an order Tick this box to activate a flash when sending an order, in fixed mode only. Reset EntryBox content after sending an order Tick this box to reset Quantity and Price fields after sending an order, as these fields have been defined in the Trading Default window. Always on top Tick this box to keep the Entry Box on top of all other windows at all times. 'Enter' Send the Order (ticked by default) Tick this to enable you to send orders by pressing the Enter key. Don't move the mouse pointer on Mouse Trading Tick this option and the mouse pointer will not automatically appear on the order send button when opening an Entry Box in Mouse Trading mode. After sending the order Close the Entry Box (ticked by default) Tick this box to have the Entry Box disappear after sending an order (pop-up mode). Leave the Entry Box open The Entry Box stays open after sending an order. Leave the Entry Box open with focus The Entry Box stays open after sending an order, with a focus on the relevant button. Click on the Defaults button to revert to the default settings.
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Display Preferences This section enables you to set the display options of the Entry Box.
Tick the Display Exchange Code in Title field to display the GL WIN exchange code to the left of the instrument name in the title bar of the Entry Box.
Click the Defaults button to revert to the default settings.
Color Select a color for each part of the Entry Box window from the appropriate drop-down menus.
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Click on the Defaults button to revert to the default settings.
Font This window enables you to select a default font for the Entry Box.
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Zone Settings Tick each section to display the corresponding part of the Entry Box window, and its relative position. Unticked zones will not be shown. Each section can be shown on the top, bottom, left or right, apart from the Market Summary, Code Finder and Strategy Builder sections which are displayed on the top or bottom only.
Zone Descriptions Sending Choose whether or not to display the Buy/Sell buttons, and their location. Market Summary Select whether or not to display a short market summary, on the top or bottom of the Entry Box window.
Order Action Enables you to open a new Entry Box for the other order side (Buy/Sell), directly from the current Entry Box. The SLE field is activated only if you are connected to several SLEs onto the same exchange.
Special Action
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Choose whether or not to display special actions (Cancel Instrument, Cancel All...), and their location.
The Cancel All... button opens the Pause dialog box. This function enables you to cancel all opened orders on a specific instrument, according to specific criteria. Join Displays Bid and Ask buttons for Join actions.
Orders are sent directly to the exchange without pressing Enter.
Hit & Take Displays Hit and Take buttons; the limit is updated in real-time.
Orders are sent directly to the exchange without pressing Enter. Click on the Defaults button to revert to the default settings. Order Summary Zone When in fixed mode, enables you to display the details of the last order sent, and select the location.
Quick modif Enables you to modify an order with the number of ticks specified in the Settings -> Quick Modif -> Nb. Ticks section.
Code Finder & Strategy Builder Displays or hides the Code Finder and Strategy Builder. Bold Order Displays a bold order details zone updated in real time as you create your order, and also gives a summary of your order details. You can also define the information displayed in the Bold Order details zone by right-clicking in the zone and selecting Column setup, then by choosing the relevant items you wish to display.
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Market Impact Zone Displays the estimated executed quantity, average price, number of executions and the potential market impact based on real-time market conditions. There are two ways to use the Market Impact Zone:
Market Impact for an Order Simulated Market Impact
Market Impact for an Order The default usage of the Market Impact Zone feature is for the expected impact of the order parameters that are currently configured in the main section of the Entry Box. In the example below, after typing the quantity and limit, the expected impacts are displayed at the bottom of the Entry Box. In this case, 14,891 of the 20,000 shares would be matched against 15 different sell orders at an average price of 75.04.
Simulated Market Impact The alternative mode for the Market Impact Zone feature enables you to type in fictitious quantities and prices to run order simulations. You can enter figures in the two editable two white fields, Qty and Limit, then instantly see what the average price, number of executions and market impact would be without affecting the attributes of your actual order. Note: As shown in the example below, the trader has prepared an order to pay 74.95 for 20 000 SAN but is running a simulation on an order to pay 75.05 for 50 000. If the trader sends the order at this time, it is the Buy 20 000 @ 74.95 order that will be sent, not the 50 000 share order that is being simulated.
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Market Limits Displays the market limits for the instrument at the chosen position of the Entry Box. These limits are updated in real-time.
If you are working in a multilisted instrument configuration, you can directly select an instrument code from the drop-down list. The limits will then be directly updated with the market limits of the newly selected instrument.
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When using the 'Dual Trading' Entry Box, the limits displayed in the zone correspond to the order framed in the order list zone (as is the case for the order details displayed in the main zone). If you select another order from the order list zone, the market limits updates accordingly with the details of the newly selected order.
Main Select the sections you wish to enable/disable in the main Entry Box zone, and whether to display them in expanded or reduced mode. Note: The main sections can also be displayed or hidden from the pop-up menu which appears after right-clicking the Entry Box window.
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The options available for each parameter are: Hidden Section is not shown. Expanded Section is shown in full size with all available buttons displayed. Reduced Section is shown in reduced size with limited fields. Click on the Defaults button to revert to the default settings.
Price/Qty/Code Tick User Defined to customize the position of the Code, Quantity, and Limit fields by selecting a number from the drop-down boxes. Tick Code to display the code field in the Entry Box, or leave it deselected to hide it.
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The Display types section enables you to define the display of the three zones. The Code zone is Standard. You can choose a Standard display in the Quantity zone, or you can choose to Display Spin Buttons, or Display Spin Buttons & Qty Pad. In the Limit zone, you have the possibility of a Standard display, to Display Spin Buttons, or to Display Spin & Join/Improve Buttons. An Entry Box with the spin buttons and quantity pad is shown below:
You can also choose to display the Value (which is Quantity x Limit) of the order you have entered.
Note: The calculation is made for limits entered in figures (i.e. not with predefined limits such as “any price”, “open “, etc..) You can also choose to display a total quantity field (QTot) in the Modify Entry Box by checking the In modification box show total quantity option.
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The Quantity Pad has six default figures, but you can change any or all of these by typing a new figure directly in the zone. Click on the Defaults button to revert to the default settings.
Client/Parent/Child Orders Define the default positions of the order types and the corresponding buttons in the Order Type Pad zone as well as the types of quantity you wish to display in the Entry Box in the Quantity type zone.
Sending These options affect the buttons in the sending zone.
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Sending Zone Section Don't move the Buy/Sell/Modify button Tick this to maintain the buttons in a fixed position. Otherwise they change position according to your order side (Buy/Sell). Fix the button size (small) Tick this to reduce the size of the order-sending buttons. 'Send' button instead of 'Buy' and 'Sell' buttons Replaces the Buy and Sell button(s) with a Send button.
Cancellation Buttons Section Cancel Instrument Orders Displays the Entry Box with Cancel Instrument Orders displayed, enabling you to cancel all open orders for the selected instrument. Cancel All... Enables you to cancel all open orders. Click on the Defaults button to revert to the default settings.
Quick Modification Change the figure in the Nb. Tick box and you can modify orders with the tick size you specify.
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The Modification Entry Box is updated with the tick size selected in the Quick Modification window.
Click on the Defaults button to revert to the default settings.
Code Finder & Strategy Builder Select which sections to enable/disable in the main Entry Box zone, and whether to display them in expanded or reduced mode.
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The options available for each parameter are: Hidden Section is not shown. Expanded Section is shown in full size with all available buttons displayed. Reduced Section is shown in reduced size with limited fields. Click on the Defaults button to revert to the default settings.
The Basket Menu Refer to the Basket menu in the Trading Station.
Select All, Deselect All, Reverse All, Reverse Shortcut
Function
Ctrl + Ctrl Ctrl *
selects all the lines. deselects all the lines. inverts the selection for all the lines.
All these functions enable you to easily select orders in the Order Book.
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A selected line is indicated with a tick in the Sel column. Several orders can be selected at the same time in the Order Book window by sorting for specific criteria. For example, if you want to select every order with the same number of transactions executed, you can click in the Qexe column while holding down the Ctrl button. In the example below, every order with 15 transactions executed has been selected (a tick appears beside each one in the Sel column).
The Tools Menu The Tools menu includes the following function:
Setup
Setup... Four tabs are available to set up the Order Book window display:
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The Format of Data Tab Allows you to personalize the lines displayed in the Order Book window.
The Tree Tab By ticking one of the following check boxes, you can choose whether or not to display virtual node types, and whether or not to use the +, - and * keys to manage the tree view instead of sending orders:
The Confirmation Tab This tab allows enabling / disabling the confirmation boxes appearing when you send a command with the Selected Orders window.
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Enable confirmation of command on selected orders If this box is checked, the below dialog box will pop up and ask for confirmation prior to sending a command:
Enable cancellation without confirmation Check this box to cancel the selected order without confirmation. Enable global cancellation without confirmation Check this box to cancel the open orders currently filtered and displayed in the Order Book, without confirmation.
The Basket Tab This tab allows you to set basket options and view baskets in the Order Book. The view baskets once sent option enables you to filter the Order Book according to the baskets you are sending (note that this option is ticked by default).
The Cursor Tab Tick an option to select the cursor position.
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The View Menu The View menu includes the following functions:
Single Order Breakdown Execution History Trading Watch P&L Fills By Instrument
Single Order Breakdown... (F3) Opens the Single Order Breakdown window.
Execution History... (Shift F4) Opens a Filters window with a predefined filter on the Response type criterion that corresponds to Response.
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When you validate through Apply, a Trading Watch window only displays responses (REP).
Trading Watch... (Shift F4) Opens the Trading Watch window.
P & L... (Shift F11) Opens the P& L window.
Fills by Instrument... (F11) Opens the Fills by Instrument window.
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Summary and Calculation Opens the Summary and Calculation window, which performs a range of calculations on selected orders. The Summary and Calculation window is displayed as a table with two main sections.
Note: Only one Summary & Calculation window can be opened per Order Book. The calculations will therefore be performed on the orders that you select in the corresponding Order Book. To select the orders, ensure that the selection (Sel) column is showing, then check the orders you wish to run the calculations on. Important: The following are important notes to bear in mind when using the Summary and Calculation window: - Value calculations are useful for equities markets. They are not disabled for futures and options, but will not be useful for these markets. - When more than one order is selected, all numbers are cumulated or averaged depending on the column. - When a parent order and one or more of its child orders are selected, the child order selection is ignored. This avoids doubling up on the parent and child quantities. - The simulation lines are only calculated on the remaining quantity of the selected order(s). The simulation lines ignore any selected closed orders.
Window Layout The first four rows (the Summary section) offer calculations on the order(s) as they exist in the Order Book with the price(s) that have been attributed by the trader to each order. The default line colours are retrieved from the theme’s colors for Buy, Sell and Cross. You can modify these colors by selecting Display -> Colors. The bottom six rows (Simulation section) display similar information but instead of using the configured price for the order, they show what is expected to be executed if the orders are completed at the first opposite limit, second opposite limit, and so on, given the current state of the market depth for each instrument.
The Display Menu The Display menu enables you to configure the parameters of the Summary and Calculation window. The menu options are as follows.
Calculation Interval Enables you to choose one of the following calculation intervals; Automatic, 2 Seconds, 5 Seconds, 10 Seconds, Manual.
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The Automatic setting updates all of the calculations as soon as anything changes in the feed, whereas the other settings place the interval at the specified timing. Note: You are encouraged to use the slowest update rate that is deemed acceptable in order to minimise CPU usage, especially on very actively traded instruments.
Currency Enables you to convert currencies in calculations, thus offering true multi-market capability. The “currency.prm” file is used to convert currencies, with the Euro being the base currency against which others are converted. The application is delivered with EUR as the only currency. Currencies can be added to the sumwnd.ini file that is generated the first time that the window is launched, as shown here: [CALCULATION] Currency1=EUR Currency2=USD Currency3=GBX Currency4=GBP Currency5=JPY SelectedCurrency=GBX Note: The currency code used must be the same code as in the currency.prm file. Once more than one currency is set-up, the currency can be selected. The calculation engine retrieves each instrument’s currency from the feed and uses this information to convert values to the desired currency via the conversion rate specified in the currency.prm file. The window’s title bar shows the number of selected orders and the selected currency.
Show/Hide title and menu Shows or hides the title bar and menu item.
Show/Hide scroll bar Shows or hides the scroll bar.
Column Setup Opens the Data display setup window. The standard GL list functions are available such as “Fixed Point”, separator lines, grid lines, as well as the mouse actions on the column titles to remove columns from within the display or move them around. For a full list of the available columns as well as their accompanying descritpions, see the Available Columns page.
Line Setup Opens the Line Setup window which enables you to choose which lines to hide or display.
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Font Opens the Font window, enabling you to change the font styles and sizes in the window.
Colors Opens the Color setup window, enabling you to change the default text and background colors.
Print Launches the Windows print procedure. The print feature prints the information in the table.
About Displays version information.
Quit Exits the Summary and Calculation window.
Available Columns The following table is a list of all the available columns in the Summary and Calculation window with their accompanying descriptions. Column Name
Name Displayed in Table
Description
Calculation type
Calc
Orders count Quantity Assigned quantity
OrdCt Qty QAssig
%Assigned quantity
%Assig
Sent quantity
QSent
The type of calculation being perfomred, such as buy, sells, first limit simulation, etc. The number of selected orders. The total initial quantity of all selected orders. The total quantity that has been assigned to one or more child orders (this is only significant for parent orders as child orders are necessarily 100% assigned). The portion of the parent order that has been assigned to one or more child orders (this is only significant for parent orders as child orders are necessarily 100% assigned). The total quantity of the orders that has been
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Column Name
Name Displayed in Table
%Sent quantity
%Sent
Executed quantity
QExe
%Executed quantity
%Exe
%Executed/Sent quantity
%Exe/Sent
Working quantity
QWrk
%Working quantity
%Wrk
%Working/Sent quantity
%Wrk/Sent
Remaining quantity
QRem
%Remaining quantity
%Rem
Unsent quantity
QUnsent
%Unsent quantity
%Unsent
Unassigned quantity
QUnassig
%Unassigned quantity
%Unassig
Value
Value
Assigned value
AssigVal
%Assigned value
%AssigVal
Sent value
SentVal
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Description sent to the exchange = executed + working quantities (this excludes pending and unassigned quantity). The portion of the initial order that has been sent to the exchange (excludes pending and unassigned quantity). The total quantity of the selected orders that has been executed. The portion of the initial quantity that has been executed. The portion of the selected orders that are executed relative to their sent quantity. The total quantity of the selected orders that has been sent to the exchange but not yet executed. The portion of the initial quantity that has been sent to the exchange but not yet executed. The portion of the selected orders that are working relative to their sent quantity. The total quantity of the selected orders that has not yet been executed (a.k.a. unexecuted quantity) = working + pending + unassigned quantities. The portion of the initial quantity that has not yet been executed. The total quantity of the selected orders that has not yet been sent to the exchange = pending + unassigned quantities. The portion of the initial quantity that has not yet been sent to the exchange. The total quantity of the selected orders that has not yet been assigned to one or more child orders (this is only significant for parent orders as child orders are necessarily 100% assigned). The portion of the parent order that has not yet been assigned to one or more child orders (this is only significant for parent orders as child orders are necessarily 100% assigned). (a.k.a. consideration, capital) this is the monetary value of the selected order = quantity * price (in the B/S/C lines the price used is the price of the order, in the simulation lines the price used is either first limit, second limit, etc. depending on the line). The monetary value of the assigned portion of the selected orders. The portion of the value that is assigned relative to the initial value. The monetary value of the sent portion of the selected orders.
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Column Name
Name Displayed in Table
Description
%Sent value
%SentVal
Executed value
ExeVal
%Executed value
%ExeVal
%Executed/Sent value
%ExeVal/Sent
Working value
WrkVal
%Working value
%WrkVal
%Working/Sent value
%WrkVal/Sent
The portion of the value that has been sent relative to the initial value. The monetary value of the executed portion of the selected orders. The portion of the value that has been executed relative to the initial value. The portion of the selected orders that has been executed relative to the quantity that has been sent to the exchange. The monetary value of the working portion of the selected orders. The portion of the value that is working relative to the initial value. The portion of the selected orders that is working relative to the quantity that has been sent to the exchange.
The Filters Menu The Filters menu includes the following functions:
Edit Filters No Active Filter
Edit Filters... Sets up filters on specific criteria (Type, Date, Hour, User id, etc.). The list of filter criteria depends on the market. Note: In multimarket mode, market-specific criteria are not displayed. You can use these filters to display only the required messages. If a filter is set up on a specific column, the column header changes colour. There are two tabs in the Filters window, Basic and Advanced.
Basic Tab Enables you to quickly set up a filter.
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The following fields can be defined as required: Symb Instrument symbol. Ref Free text field. B/S Buy, Sell or Cross. The RType field can be selected from amongst : Field Name
Description
All Response Acknowledge CTE Reject GL Reject CTE Information Message
View all View trade responses for executions/fills View acknowledgements of open orders View eliminate messages from the Central Trading Engine (Host) View GL WIN (workstation) reject trade messages View CTE (Host) notifications (e.g. opening messages) View generic messages
Hour Manually enter a date. Cl. Ref Client trading account number (not sent to the Exchange). Uid User ID.
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Advanced Tab This tab allows you to detail filters by setting up more advanced criteria.
Note: if you are declared as a supervisor (the glflux.ini file contains User ID=Proprietary User or User=Command User), you can filter according to your own orders by selecting the Criteria Own Orders. You can further select to filter by Selected Only or Not Selected in the filter Assistant. The logical operators available for defining a filtering criterion are: Operator
Description
= > < ; =
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Note: The field Memo can be used with the >, Stop trigger at buying ; Limit < Stop trigger at selling). To send a stop limit order: 1. Access a buy or sell window (F5 or F9) 2. Enter the limit price in the Limit field (you can not use options from the drop down menu). 3. Access the Stop Trigger field and enter the stop price. 4. Continue entering all the appropriate fields. 5. Press Enter to send the order to the market.
All or None Order (Specific to EURONEXT Paris) By checking the option All or none order, you cannot sell only a part of your orders. Either all your orders will match or none will match. Note: Do not confuse this modality with FoK validity.
SRD (Specific to EURONEXT Paris) Check it if you want a recorded payment.
Posting Mode Indicates whether the order is opening or closing a position (optional). Essentially used by marketmakers.
Origin Indicates who is trading for who (optional).
Compensention Mode Indicates the way the Clearing house treats the order, when allocating it (optional).
Clear. Account Specify the clearing account number.
Allocation Receptor Indicates the member to which the order is allocated, when allocating the order (optional).
Memo Enter comments (optional).
Date/Hour Displays the hour when you have opened the window. After you have filled in all the required parameters in the Buy Order window, the system may display the following confirmation window:
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These fields are filled in as shown above. An SLC request is performed to retrieve the stock price or its best limits (depending on the case). The price is displayed (Lim), as well as the corresponding capital. If the capital exceeds the maximum capital configured or if the variation with respect to the last, opening or closing price exceeds a maximum variation configured, you must confirm this order by pressing Enter. Otherwise the order is sent directly via the OK button.
Sell… (F9 or - ) Enables you to sell orders. Displays the Sell order dialog box :
Use Ctrl + double-click anywhere in the window to show or hide the title. Fields to be filled are the same as in the Buy order dialog box. For detailed information concerning the Sell... function, see the Order -> Buy... function of the Trading Station window.
Cross… (F6 or * ) Enables you to buy and sell at the same time. This function is not available on all markets.
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Displays the Cross order dialog box :
Use Ctrl + double-click anywhere in the window to show or hide the title.
Limit Insert a value or choose between Best bid and Best ask. Field
Description
Best bid Best ask
Current best bid price. Current best offer price.
Fields to be filled are the same as in the Buy order dialog box. For detailed information about the Cross... function, see the Order -> Buy... function of the Trading Station window.
Take… (F1) Enables you to buy immediate orders at the market price for a quantity configured by default (E&E). Displays the Take dialog box:
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Use Ctrl + double-click anywhere in the window to show or hide the title. Fields to be filled are the same as in the Buy order dialog box. For detailed information about the Take... function, see the Order -> Buy... function of the Trading Station window.
Hit... (F12) Enables you to sell immediate orders at the market price for a quantity configured by default (E&E). Displays the Hit order dialog box:
Use Ctrl + double-click anywhere in the window to show or hide the title. For detailed information about the Hit... function, see the Order -> Buy... function of the Trading Station window.
Modify… (F7)
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Enables you to modify working orders. This function is accessible if the cursor in the display area is on a modifiable order: OK (acknowledged) or X (partially executed). All parameters of an order can be modified except the instrument code. Displays the Modify an Order dialog box:
To modify an order: 1. Click on the order you want to change. 2. Press F7 or select Order -> Modify.... or 1. Right-click on the order you want to change. 2. Select Modify... from the drop-down menu. Note: Reduction in quantity (+ changes of CTI, origin, foreign exchange/firm, memo field, clearing fee) will not remove the order from the market nor will the changes result in lost priority in the market. However, if you make these changes while the order is "unsecured", there is a risk that the order will match before modification is complete. All other changes will automatically remove the order from the market and result in lost priority whether or not Ensure is selected.
Cancel… (F8) Enables you to cancel working orders. This function is accessible if the cursor in the display area is on an order that can be cancelled: OK (acknowledged) or X (partially executed). No entry is required. Fields are present for information purposes. Displays the Cancel order dialog box:
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To cancel an order : 1. Click on the order you want to cancel. 2. Press F8 or select Order -> Cancel... or 1. Right-click on the order you want to change. 2. Select Cancel... from the drop-down menu. Click on the Send button to send the order or on the Abort button to cancel the order. Press Esc to cancel the order cancellation.
Cancel -> Care Order… (F10 or Shift F8) Enables you to issue an order (F10) or all orders (Shift F8) in care order mode. You can issue an order in care order mode if it has the following status : OK (acknowledged) or X (partially executed).
Issue an Order in Care Order Mode Issuing an order in care order mode leads to two events:
The order in the Trading Station window is cancelled.
The order is created in the Care Order window. In the Trading station window, press F10 on the order. The Cancel order window is displayed:
Click on the Send button to issue the order in care order mode or on the Can button to cancel it and return to the initial configuration.
Issue all Orders in Care Order Mode In the Trading Station window, type Shift F8. The Global cancellation window is displayed:
Click on Send to cancel all the orders, or Click on No to return to the initial configuration, or Click on To Care Order to cancel all orders and create equivalents in care order mode.
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Global Modification (Shift F7) Enables you to modify all modifiable orders (OK : acknowledged or X : partially executed) in the Consultation area. Displays the Global modification dialog box :
Only the Limit, Valid and Account Number fields can be changed globally. In the Var% field, you can enter a price variation percentage in relation to the first limit of the Limit field. To get more information on the Lim and Valid fields, see the Order -> Buy... function of the Trading Station window. It will apply to all orders displayed in your book in the Trading station window. This means that if you have selected a filtering criteria on your book (via the View -> Order Book Filter function or the default setup of the Order Book Filter), you will only modify the orders showing in your book. To apply a global modification : 1. Press Shift F7 or select the Order -> Global modif. function. 2. Modify the relevant field. 3. Click on Send or press Enter.
Global Cancellation (Shift F8) Enables you to cancel all orders that can be cancelled (OK : acknowledged or X :partially executed) in the display area. Displays the Global cancellation dialog box :
This will remove all working orders displayed in the Trading Station window from the market. To apply a global cancellation : 1. Press Shift F8 or select Order -> Global cancel. 2. A confirmation dialog box appears to prevent the accidental use of this feature. 3. Click on Send or press Enter to execute the global cancellation, or 4. Click on To Care Order to translate orders into care orders, or 5. Click on No to exit this function.
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Quit... (Alt F4) Exits the Trading Station window.
The Basket Menu The Basket menu includes the following functions :
List Reverse Additional Outstanding
List... (Alt F12) Enables you to : Manage a basket Insert orders in a basket Send a basket of orders Displays the resizeable Basket window :
The upper part of the window contains three buttons for buying or selling a basket or executing a cross trade basket, according to the market.
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The Basket List (list on the left) displays existing baskets by name. It also enables you to specify where your baskets are saved (Location field). The right section of the window contains the list of orders associated with the selected basket. For each order, the following information is displayed: direction of the order, market flag, exchange, instrument symbol, instrument label, quantity, price, etc. To switch the order side (Buy/Sell) of all instruments at once, double-click on the B/S column heading. To keep the Basket Editor open after sending a basket, tick the Stay Open after sending basket button. The six buttons at the bottom of the window enable you to create a new basket (New), save your basket (Save, Save As...), delete the current line (Delete), empty the list of orders associated with a basket (Empty List), and Insert a new line. In addition, a pop-up menu is available by right-clicking within the Basket Details area. The popup menu contains the following options: Paste (Ctrl + Insert) Pastes data into the Basket window (note that at least the following information must first have been copied; order side, instrument and quantity). Delete Line (Shift + Del) Deletes the current line. Empty List (Ctrl + Del) Empties the list of orders associated with a basket. Column Set up... Displays the Basket List column setup window. Select the fields you want to display in the Basket window. The Ref OMS column is used by GL WAVETRADER when a GL OMS is present. Fields can also be dragged and dropped within the Basket Details area. Note: The Instrument and Qty columns are obligatory and cannot be hidden.
Basket Management Use the following window to perform the following transactions:
Insert a basket Delete a basket Insert orders in a basket Select and modify a basket Place a basket in the Notepad Retrieve a basket from the Notepad
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Inserting a basket 1. In the list of baskets (left column) press Insert or click the New button at the bottom of the window. 2. Enter a basket name of four characters via the following dialog box and press Enter.
3. The empty basket is inserted and displayed in the list.
Deleting a basket 1. Place the cursor on the name of the basket to be deleted. 2. Click Delete. Insert orders in a basket
Selecting and modifying a basket 1. Click on the basket name. 2. Modify the appropriate orders.
Placing a basket in the Notepad 1. Select/highlight the basket data to be copied. 2. Open Notepad and paste the basket.
Retrieving a basket from the Notepad
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1. Create a new basket in the Basket window. 2. In the Notepad, select the basket data and copy it. 3. In the Basket window, use Shift Insert to paste the basket information. Note: The Cut/Paste function enables you to insert/retrieve baskets in/from Excel. To create a basket in Excel, you must save it with the .bgl extension. In addition, Cut/Paste operations from the consultation and ticker areas can also be used to create a basket (with at least a quantity and a stock code).
Inserting orders in a basket To insert an order in a basket, delete or modify that order, follow the steps below: Note: When editing cells, the cursor moves to the next cell of the same column upon pressing the Enter key. If this cell is not empty it will be overwritten by the new value entered.
Insert an order in a basket 1. In the Basket window, click Insert with the cursor placed on the list of orders. 2. Select an instrument from the displayed Dictionary and click OK or enter manually the instrument symbol in the Instrument field. The new instrument is inserted above the current line.
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3. Select the direction of the order (B/S field) and enter the quantity (Qty). These two fields are mandatory. The color of the Qty column is the same as the buy/sell color defined in the calling application (ARWIN, WAVETRADER, or TRADING STATION). By default this is blue for buy side and red for sell side. Then specify the price. Note: Mandatory fields are displayed in red.
Deleting an order In the Basket window, click Delete while the cursor is on the instrument symbol (Instrument) or Label associated with the order to be deleted.
Modifying an order In the Basket window, select the order to be modified and enter new values.
Sending a basket of orders From the Basket window, you can execute the following transactions:
Send a basket of Buy orders Send a basket of Sell orders Send a basket of Cross orders
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Basket of Buy orders
In the Basket window, click the
button to display the Basket : buy dialog box.
The name of the basket is displayed in the Basket field. In the Var% field, enter a price variation in percentage; the order is sent at the limit price +/- the variation price. For detailed information about this dialog box, see the Order -> Buy... function in the Trading Station Window.
Basket of Sell orders In the Basket window, click on the
button to display the Basket : sell dialog box.
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Fields to be filled are the same as in the standard Sell order dialog box. To get detailed information, see the Order -> Buy... function in the Trading Station Window.
Basket of Cross orders In the Basket window, click on the
button to display the Basket : cross dialog box.
The Actual option in the Lim field corresponds to the price stored at the creation of the basket. To get detailed information, see the Order -> Buy... function in the Trading station window. If confirmation parameters have been defined, the system displays the following confirmation window:
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The price is displayed (Lim), as well as the corresponding capital. If the capital exceeds the maximum capital configured or if the variation with respect to the previous day exceeds a maximum variation configured, you must confirm this order by pressing Enter. Otherwise the order is sent directly via the OK button.
Reverse... (Ctrl F10) Enables you to create a basket with all orders already and partially executed. Displays the Reverse basket dialog box.
Enter the name you want to give to the basket in the Basket name field and press Enter. The name of the basket you have just created appears in the Basket List of the Basket window. If the name of the new basket is already used, the Confirmation dialog box informs you that this basket already exists and asks you if you want to replace this. Click on the Yes button to replace the basket name, or click on the No button to cancel. For this basket, orders are sent in the same way as a normal basket. You must therefore define the side (bid/ask) of the order. To get detailed information, see Basket ->List -> Sending a basket in the Trading station window. Note: A Reverse basket does not take into account the direction of the previous order executed. It is advised to filter buy orders (F4) and then create a reverse basket for sale. Then, you can filter sell orders and create a reverse basket for purchase.
Additional... (Shift F10) Enables you to create a basket with all rejected, non-executed orders and the remaining partially executed orders. These are the complement orders executed in the basket already sent. Displays the Additional basket dialog box.
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Enter the name you want to give to the basket in the Basket name field and press Enter. The name of the basket you have just created appears in the Basket List of the Basket window. If the name of the new basket is already used, the Confirmation dialog box informs you that this basket already exists and asks you if you want to replace this. Click on the Yes button to validate or on the No button to Cancel. For this basket, orders are sent in the same way as a normal basket. You must therefore define the side (bid/ask) of the order. To get detailed information, see Basket ->List -> Sending a basket in the Trading station window. Note: A Reverse basket does not take into account the direction of the previous order executed. It is advised to filter buy orders (F4) and then create a reverse basket for sale. Then, you can filter sell orders and create a reverse basket for purchase.
Outstanding… (Alt F10) Enables you to create a basket with all orders not sent to the SLE. You can use this option if your workstation does not work properly or if you have entered a typing error (inadvertent cancellation when sending a basket). Displays the Outstanding basket dialog box:
This dialog box functions in the same way as the Additional Basket. Orders are sent in the same way as a normal basket. You must therefore define the side (bid/ask) of the order. To get detailed information, see Basket ->List -> Sending a basket in the Trading Station window.
The View Menu The View menu includes the following functions:
Order Book filter Order history Order status Execution history Trading report
Order Book Filter… (F4) List of the standard filtering criteria Defining an extra filter IDs Filters
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Enables you to filter your book to view specific orders (for example only one client’s orders…). Displays the Order book filter dialog box:
Default setting values for all order book filter fields are defined via the Use by default button. For care orders, this button is available for saving the default values of all the fields except the extra filter.
List of the standard filtering criteria:
Filter
Description
Code Ref b/s Status
Instrument symbol (blank displays ALL instruments) Reference of the order Side of the order (All, Buy, Sell, Cross, Buy+Cross, Sell+Cross) Order status : All, Waiting, Rejected, Remaining, Finished, Modified, Cancelled, Executed, Partially Executed Validity of the order : All, E&E, Day, FoK, GTC, Date Number of the order assigned by the Central Trading Engine Origin : client, non-client (Agent/Principal) Client account Pre-defined sorting type used for selecting the orders to be displayed. Displays by default the Sort n°1 (see the "Setup -> Sort by" function in the Trading Station) Filters the order book of the selected list. Enables you to display the orders that correspond to the instruments of the list. Use the Find... command to select the appropriate list file (.stk or .std) Time range when the order was sent Used to display orders that are not part of a strategy Used to display orders treated only Used to display baskets of orders not yet executed.
Valid N°CTE AP Acct Nb Sort Filter + Find...
Hour Only simple order Unticked only View baskets once sent
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Note: Remaining : displays open orders, acknowledged by the Host and not yet executed. Finished : displays all orders which are fully executed, rejected or cancelled. To re-apply the current order book filter, click on the button. The fields of the Order Book Filter dialog box are filled in automatically.
Defining an extra filter You may define an additional filter on the Trading Station fields displayed in the available list. This list depends on the used market. To add a new filter, select the appropriate field (column), choose the filter operator and enter the reference value.
List of Operators Operator
Description
= = Contains
Note: In the comparison calculation, numbers are considered as smaller than letters. Ex: 123 < A After you have defined your filters, click on OK to apply them to the order book or on Cancel to exit the function.
Example:
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The filter applied to the order book is displayed in the GL Trading Station title bar.
ID Filters The Order book filter dialog box contains two additional fields when an order has been modified or cancelled and a minimum of two user IDs are taken into account. The Uid field corresponds to the user ID that is also declared as the supervisor ID. The Co-Uid field displays the user ID that generated a modification or cancellation of the initial order. Both fields can be used as filters based on a specific user ID or a range of ID numbers.
Order history… (F3) Displays the full history of an order for the current trading day. For example, if you have an order with a quantity of 100, which was filled with 6 other trades, this window will display a line for each trade with the price and quantity traded, as well as any other modification. To display every message associated with an order :
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1. Click on the order you want to view in your book. 2. Click on View ->Order History or press F3.
A print function is also available: right-click in the window and the Print... function will be displayed.
Order Status… (F11) Displays all past executions for an instrument by client, by user or by central number. In addition, you can check or uncheck certain executions to view their impact on the global position. To display the Order status window : 1. Select the instrument you want to view from the book. 2. Click on View -> Order Status or press F11.
This window provides detailed information about the orders for a single instrument. All individual trades (Buy or Sell) for the selected instrument will be displayed. At the bottom of the window a total line is provided for all quantities and prices bought/sold as well as an average price bought/sold. When the instrument is a spread (some exchange recognized spreads are tradable through the standard Trading Station), the leg prices and quantities appear in columns of their own. These columns are then analyzed and totals per price are reported at the bottom of the columns in the white zone. Complete totals and average prices are reported at the very bottom of the window. On the first line, filtering criteria fields are provided. Note: Under the S column heading, you have ticks. Each ticked line is included in the calculation of the average price bought/sold. You can remove an order from the calculation by clicking on the tick in front of it.
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When the window is activated, all lines are checked by default.
Selecting Executions By right-clicking anywhere in the Order Status window, you can select one of the following functions or use one of the keyboard shortcuts: you can select all executions, deselect all executions, or invert the selected executions into unselected ones, and vice versa.
Selection by Column Content By holding down the Control key and clicking on any column of an execution line, you can select only the executions that share the desired value in the selected column. This functionality is available on all columns of the Order Status window. This allows you to obtain clean totals per price on the legs of spreads on a single order, for a single account, etc. Example: For a selection by quantity, hold down the CTRL key and click on the desired quantity.
Execution history… (Shift F4)
Execution history view Execution history
Enables you to display market messages which appear in the Ticker and filter them. Displays the Execution history view dialog box.
You can filter the information to appear in the Execution history window below. To insert a filter, select from the Type field the information to be displayed and press Enter.
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Type
Description
All REP Response JAL CTE Notification ACK Acknowledge RCA CTE Reject RGL GL Reject
All the orders Execution/Fill message received CTE (host) notification Acknowledgment of open orders Eliminate message from the CTE GL WIN (workstation) rejects trade messages
Fill in the Ref field to find order executions. A filter on the Confirm column is available in the Execution history window. When selecting the Unticked only field in the filter window, only non executed orders will be displayed in the Execution history window. Use the All option of the b/s field to display your ticker orders and messages, even if you have closed the session in the meantime. For a general description of all the fields in the Execution history view window, see the Order -> Buy... function of the Trading Station window. To retrieve all executions, a new request is sufficient using the Shift F4 keys.
You can display the details of each order entered. For example, if an order with a quantity of 100 was executed in a number of steps with different prices, you can see one line per execution. By right-clicking, you can access the following functions:
Order mode Orders are displayed by order (for example, if you buy 10 orders executed in 2 different orders, you will see one row. In normal mode for the same transaction, you will see 2 rows).
Instrument mode Orders are displayed by instrument and code.
Instrument/Account mode Orders are displayed by instrument and account.
Normal mode Mode by default ; all the orders are displayed.
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Refresh Enables you to receive messages in real-time. All new information will be displayed at the end of the list. You need to reactivate the sort.
Activate confirmation This function is only available if you work in the Normal mode display. When the Activate confirmation is selected, a column Confirm appears in the Execution history window. This column allows you to tick executions when needed. The timestamp is displayed in the column.
Procedure: Select an execution There are two ways to tick an execution :
a mouse click on the desired execution,
hit the keyboard space on the desired execution. Repeat the action to untick the execution. Display The Confirm column uses three flags according to the status of the execution :
" " : No data indicates that you have not ticked the execution. "..." : Ellipsis indicates that you have ticked this line and the timestamp is being posted. A timestamp indicates that you have ticked this line and it is recorded with a time of 15:06:55.
Sort option It is possible to do sorting on the Confirm column.
A simple click on the column header will sort the lines from non selected executions, lines awaiting a timestamp and ticked lines.
A second click will display selected lines, timestamp in progress and non ticked lines. A third click will cancel the sort.
Remarks: Sort is indicated with an arrow in the column title field. If the window is refreshed in real time, all executions are displayed at the end of the list to avoid errors on checks. As soon as the execution history mode display is changed, the Confirm column disappears as it is not relevant in consolidation modes (by order, by instrument or by instrument and account). All information is however saved. You can see an execution history on x days (generally 10 days) by defining it on the SLE. To do that, indicate a date in the Date field of the Execution history view dialog box.
Print
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For detailed information, see the Display -> Print function in the Market Watch window.
Trading report... (Shift F11) Displays all operations for a stock and calculates the average price for these executions. The Trading report is divided into three sections: Simulation Executed Orders Evaluation Displays the Trading report dialog box.
Whereas the Order status window displays data for a single instrument, the Trading report window lists the net positions for all instruments. You can also choose to enter filtering criteria located at the top of the window. The following output display fields are listed in the Trading Report:
Total quantity of executed bids (long position-cumulated).
Quantity remaining for working bids (Cumulated).
Average price for bids. Average price for offers. Total quantity of executed offers (short position-Cumulated). Net price difference between bids and offers (rounding to the nearest whole number). Net trade quantity (calculation = Incoming long + trades long – Incoming short – trades short). Average price remaining for working bids (rounding to the nearest whole number). Average price remaining for working offers (rounding to the nearest whole number). Quantity remaining for working offers (Cumulated).
The Trading Report window can also display strategies posted from the GL WIN Strategy Trading station. Simply right-click anywhere in the Trading Report window and select Display Strategies. Note: When strategies are displayed in this window, the averages line at the bottom will not be coherent as it includes the strategy prices.
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The Trading report window also allows you to input an open position on a stock not shown on the GL WIN Trading station order book.
Adding an Open Position To add an initial position, use the Insert instrument function via the right-click menu or the Insert key. A new line is added to enter the instrument symbol and value in the Inc Qbid, Inc Pbid, Inc Pask and Inc Qask fields. After closing the window, all initial positions can be recovered with the right-click menu or with the Ctrl Insert command to select the Reload instruments function.
Deleting an Added Instrument You can delete an added instrument by selecting it and hitting the Delete key. The deletion is possible providing that no orders are shown for this instrument in the order book. Two cases must be taken into account:
If the instrument is added without initial positions: the instrument is deleted from the Trading Report window and cannot be loaded with the Ctrl Insert command. You must add the instrument again.
If the instrument is added with at least one initial position: the instrument and initial position are not displayed but can be loaded with the Ctrl Insert command.
It is also possible to delete permanently an instrument by using the Ctrl Delete command. Two cases are possible:
Orders have been sent to the market for this instrument: the instrument is not deleted because it is part of the Trading Report calculation but all initial positions are suppressed without possibility to reload them.
No orders have been sent to the market: the instrument is simply deleted without possibility to reload any information.
Simulation You can enter orders from the previous day or simulated orders manually in the order to view their impact on the position. These are the initial fields : Inc for prices and buy and sell quantities.
Executed Orders These are orders totally executed with a status of TX in the Trading Station window. Order
Description
Qty spread 1
=(Inc buy quantity – Inc sell quantity) + (buy executed quantity – sell executed quantity) =(Inc buy quantity * Inc sell quantity) + (executed buy quantity * executed buy price) =(Inc sell quantity * Inc sell price) + (executed sell quantity * executed sell price) =Buy capital 1 / (Inc buy quantity + executed buy quantity)
Buy capital 1 Sell capital 1 Average buy price 1 Average sell price 1 Price spread 1
=Sell capital 1 / (Inc sell quantity + executed sell quantity) =Average buy price 1 – average sell price 1
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Evaluation These are orders in the book partially executed: their status is OK and X in the Trading Station window. Order
Description
Qty spread 2 Buy capital 2 Sell capital 2 Average buy price 2 Average sell price 2 Price spread 2
=Quantity spread 1 + (remaining buy quantity * remaining buy price) =Buy capital 1 + (remaining buy quantity * remaining buy price) =Sell capital 1 + (remaining sell quantity * remaining sell price) =Buy capital 2 / (Inc buy quantity + executed buy quantity + remaining buy quantity) =Sell capital 2 / (Inc sell quantity + executed sell quantity + remaining sell quantity) =Average sell price 2 – average buy price 2
You can print this report by right-clicking anywhere in the Trading Report window and clicking on the Print... function.
The Care Order Menu This menu is used for the transfer of orders to care between traders and dealers. If you are only a care order trader, you cannot directly interact with the market. Your orders will pop up on the dealer's care order trading window for approval. When a care order is sent, it will remain inactive and will be displayed on the care order book until the dealer activates the order and sends it to the market. See also the Order ->Cancel -> Care Order… function of the Trading Station window. The Care Order menu includes the following functions:
Order Filter Buy Sell Modify Cancel
Order... (F2) The Care orders window can be used to perform three functions: Process Large Care Orders Composing Complex Baskets Send the Same Order Several Times Displays the Care orders window. This window displays the same information required to issue an ordinary order.
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You can view:
the total quantity of securities on the market, the total quantity sent by the dealer to the market for this order, the remaining quantity, the executed quantity.
By right-clicking anywhere in the window, you can display a menu including the following functions :
Cancel all care orders Select / Unselect order (space) Select all orders (Ctrl +) Unselect all orders (Ctrl -) Swap all selections (Ctrl *) Prepared Buy order…(Shift F5) Prepared Sell order…(Shift F9) Save orders Load orders Print orders…
Large Care Orders Used to care for large orders. To create a care order: Ctrl F5 or Ctrl F9 To activate care orders: Place the cursor on the care order in question and press Enter to divide this order. The Enter key provides access to the same window as the window for buy and sell orders. Example: with a quantity of 1000 shares, you can process 100 at a better price.
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This order is recorded on the SLE (Server Link to Exchange) and does not impact the market.
Composing Complex Baskets You can enter buy or sell orders. To send orders: You must first select the order(s) you wish to send on the market by checking the order. Then, press Ctrl Send.
When you have sent the care order, it appears in the Trading Station Ticker. Function
Shortcut
Select an order Select all orders Deselect all orders
mouse or the space bar Ctrl + Ctrl –
Send the Same Order Several Times Create a care order with Ctrl F5 or F9. To send the same order again, use Shift F5 (buy) and Shift F9 (sell) or Enter.
Filter... (Ctrl F4) Sorts the selection in the Care orders window. You can refine your search with each field entry, as with simple trading. Displays the Order book filter dialog box:
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To get detailed information, see the View ->Order book filter... function of the Trading Station window.
Care order not totally sent You can check this button to also display care orders not totally sent. Click on the OK button to validate or on the Cancel button to return to the initial configuration. Use Ctrl + double-click anywhere in the window to show or hide the title.
Buy... (Ctrl F5) Enables you to create a care order for a buy order. Displays the Care order: Buy order dialog box:
Use Ctrl + double-click anywhere in the window to show or hide the title. Fields to be filled are the same as for trading single orders. The Free text field is used by traders/dealers to communicate. This is a GL TRADE field and should not be mixed up with the Memo field from which information is sent to the exchange.
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To get detailed information about this function, see the Order -> Buy... function of the Trading station window.
Sell... (Ctrl F9) Enables you to create a care order for a sell order. Displays the Care order :sell order dialog box:
Use Ctrl + double-click anywhere in the window to show or hide the title. Fields to be filled are the same as for trading single orders. To get detailed information about this function, see the Order -> Buy... function of the Trading station window.
Modify... (Ctrl F7) Enables you to modify a care order. Displays the Care order : Modify an order dialog box. The Ctrl F7 key is active if the cursor is on an order with the following status:
OK : Acknowledged
X : Partially executed Values are preassigned to fields according to the position of the cursor.
Cancel... (Ctrl F8) Cancels a care order. Displays the Cancel order dialog box.
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The Ctrl F8 key is active if the order has the following status:
OK : Acknowledged
X : Partially executed Values are preassigned to fields according to the position of the cursor.
Trade Report (Ctrl F12) Enables you to trade orders on an off-exchange market. Displays the Trade Report window.
This window includes the following menus:
Order Display Defaults
The Order menu Includes the following functions:
Buy Sell Cross Consult Execution Reply Cancel Close
Buy... (F5) Enables you to buy orders outside the market. You can also access this function directly from:
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the Trading Station window by selecting Off Exchange -> Trade Report Buy... or Alt F5,
the Market Watch, the Market Depth and the Options windows by selecting Orders -> Trade Report Buy... or Alt F5. Displays the Trade report : Buy dialog box :
The instrument code is automatically filled in with the instrument selected in the Market Watch window. To get detailed information about this function, see the Order -> Buy... function of the Trading Station window. Field
Description
Price CTPY Mandant
Price of order(s) Counterparty number Specific to EURONEXT Paris Mandant's number Specific to EURONEXT Paris Mandant CP's number Clear member's number Specific to EURONEXT Paris Delay of payment/delivery for trades. Specific to EURONEXT Paris Tick the field if you want a trade guarantee Specific to EURONEXT Paris Tick the field if you want to be delivered Indicate for whom you are trading Type of transaction to be traded
Mandant CP Clear member Delay ISB Guarantee Relit Settlement Type Transaction
Sell... (F9) Enables you to sell orders outside the market. You can also access this function directly from:
the Trading Station window by selecting Off Exchange -> Trade Report Sell... or Alt F9,
the Market Watch, the Market Depth and the Options windows by selecting Orders -> Trade Report Sell... or Alt F9. Displays the Trade report : Sell dialog box :
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The instrument code is automatically filled in with the instrument selected in the Market Watch window. For detailed information, see the Off-Exchange ->Trade report -> Order -> Buy... function of the Trading Station window.
Cross... (F6) Enables you to cross orders outside the market. You can also access this function directly from:
the Trading Station window by selecting Off Exchange -> Trade Report Cross...,
the Market Watch, the Market Depth and the Options windows by selecting Orders -> Trade Report Cross.... Displays the Trade report : Cross dialog box :
The instrument code is automatically filled in with the instrument selected in the Market Watch window. For detailed information, see the Off-Exchange ->Trade report -> Order -> Buy... function of the Trading Station window.
Consult... (F4) Enables you to consult the orders you have sent.
Execution... (Shift F4) Enables you to display Market replies. Displays the Trade report : Execution history window :
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The Execution history window will display all your executed orders from the opening of the session until now. To get detailed information, see the View -> Execution history function in the Trading Station window.
Reply (Enter) Enables you to reply to an order. Select the appropriate order and press Enter.
Cancel (F8) Enables you to cancel orders. This function is accessible if the cursor is on an order that can be cancelled: OK (acknowledged) or X (partially executed). To cancel an order: 1. Click on the order you want to cancel. 2. Press F8 or select Cancel in the Order menu.
Resend... Enables you to resend an order. When you select this function, the corresponding order sending box is displayed. You can then modify the order and resend it.
Close (Esc) Closes the Trade Report window.
The Display menu Includes the following functions:
Show/Hide title and menu Show/Hide scroll bars Show/Hide data title
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Data setup Font Colors
Show/hide title and menu Shows or hides the title and menus.
Show/hide scroll bars Shows or hides scrollbars.
Show/hide data title Shows or hides the data titles.
Data setup... Enables you to select the fields to be displayed in the Trade Report window. Displays the Data setup dialog box :
For detailed information, see the Display -> Consultation data setup function in the Trading Station window.
Font... Use this function to change fonts, their types and sizes. This setting is available on all GL WIN windows.
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See the Font explanation associated with the Display menu of the Market Watch window.
Colors... Modifies the color and background of pages and highlights certain information. For further information, see the Colors explanation associated with the Display menu of the Market Watch window.
Default... Enables you to insert default values in the Trade Report window.
Select from the Type and Transaction lists the default data to be displayed in the Trade Report window. Tick the ISB Guarantee field if you want a trade guarantee (specific to EURONEXT Paris) Tick the Relit Settlement field if you want to be delivered (specific to EURONEXT Paris) For detailed information, see the Off-Exchange ->Trade report -> Order -> Buy... function of the Trading Station window. Click on OK to validate or Cancel to return to the initial configuration.
The Display Menu The Display menu includes the following functions:
Consultation data setup Ticker data setup Info of ticker Care order setup Basket list setup Trading report setup Format of data Print orders Print ticker Main controlled window Show/Hide title and menu Show/Hide scroll bars
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Show/Hide data title Show/Hide ticker Show/Hide button bar Font Colors
Consultation Data Setup… Enables you to select the fields to be displayed in the Order Consultation area of the Trading Station window. The Consultation Data setup... function displays the View data Setup dialog box. Select the fields you want to display:
This window contains all the fields you can display in the second line of the Order Consultation area of the Trading Station window, directly under the menus. Select the desired information. Information displayed in grey will not appear in the Trading Station window; information displayed in black will appear. You can also change the field order horizontal display. To change the order of data, click, then drag and drop the item you want to move to its new position. The S field is used for inserting a separation line between the columns of the Trading Station window. To add a separation, just click in the S field, between the two titles you want to separate. To remove a separation, click on the line in the S field. The FP field is used to set a fixed position that freezes the selected data when you are scrolling from left to right within the window. To freeze a title, just click in the FP field in front of the data you always want to be visible in your window.
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To de-freeze a title, click in the FP field, on the line. When you click on the Style button a new dialog box is displayed.
In the Cursor shape pane, select the type of cursor you want. In the Cursor properties pane, select its properties. To apply the GL WIN default configuration, click on the Default button. Then, click on Ok to validate or on Cancel to return to the initial configuration.
Ticker Data Setup... Enables you to select the fields to be displayed in the Ticker area of the Trading Station window. The Ticker Data setup... function displays the Ticker data setup dialog box. Select the fields you want to display:
This window contains all the fields you can display in the first line of the Ticker area. Select the desired information.
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For detailed information, see the Display -> Consultation data setup... function in the Trading Station window.
Info of Ticker… Enables you to setup the type of messages received from the host, including beep sound options and information that you wish to have displayed in the Ticker part of the Trading station window. Displays the Ticker : info & beep dialog box.
Field Presentation Option CTE reject GL reject Acknowledge Response CTE notification Information Messages Beep on reject Beep on acknowledge Beep on response Beep on new care order Beep on information
Ticker Information View eliminate messages from the Central Trading Engine (Host) View GL WIN (workstation) reject trade messages View acknowledgements of open orders View trade responses for executions/fills View CTE (Host) notifications (e.g. opening messages) View informal messages (e.g. first limit lost) View generic messages Beep sound when GL WIN rejects a trade Beep sound when an open order acknowledgement message is received Beep sound when an execution/fill message is received Beep sound when a care order is added Beep sound when information messages are received
From the Info and Beep dialog box, tick the appropriate options. Click on OK to validate, or on Cancel to return to the previous configuration.
Care Order Setup… Enables you to select the fields to be displayed in the Care Orders window. Displays the Care order data setup dialog box.
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This window contains all the fields you can display in the first line of the Care orders area. Select the desired information. To get detailed information, see the Display -> Consultation data setup... function in the Trading Station window.
Basket list setup... Enables you to select the fields to be displayed in the Basket window. Displays the Basket list data setup dialog box.
From the Basket list data setup dialog box, select the appropriate options. To get detailed information, see the Order -> Buy... function of the Trading Station window. Click on OK to validate or on Cancel to return to the initial configuration.
Trading report setup… Enables you to select the fields to be displayed in the Trading Report window (to be differentiated from the Trade Report). Displays the Execution dialog box.
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Select the desired information. For detailed information, see the Display -> Consultation data setup... function in the Trading Station window. Click on Ok to validate or on Cancel to return to the initial configuration.
Format of Data... Use this function to setup the type of display of the Trading Station window. Displays the Format of data dialog box :
You can select the background colors and numeric separators. Click on Ok to validate or on Cancel to return to the initial display.
Print Orders...
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For detailed information on this function, see the Print explanation associated with the Display menu of the Market Watch window.
Print Ticker... For detailed information on this function, see the Print explanation associated with the Display menu of the Market Watch window.
Main controlled window With the Main Control window function, you can control one or several windows. In this way, via the Trading Station window, you can control the following windows:
Instrument summary, Intraday, Historical Characteristics of a stock
Market depth When the active instrument is modified in the main control window, all controlled windows are updated accordingly. The main control window must be selected on either the Market Watch or the Trading station windows. This is then known as the "master".
Show/Hide title and menu Shows or hides titles and menus.
Show/Hide scroll bars Shows or hides scrollbars.
Show/Hide data title Shows or hides data titles.
Show/Hide ticker Shows or hides the ticker.
Show/Hide button bar This function displays or hides the icon bar. The icon bar (or button bar or toolbar) provides you with rapid access to several functionalities you can also access through the window menus. Trading Station icon bar:
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Buy Cross Sell Modify Cancel
Font... Use this function to change fonts, their types and sizes. This setting is available on all GL WIN windows. See the Font function explanation associated with the Display menu of the Market Watch window.
Colors... Modifies the color and background of pages and highlights certain information. For detailed information on this function see the Colors explanation associated with the Display menu of the Market Watch window.
The Setup Menu The Setup menu includes the following functions:
Orders Account number Confirmations Trading ticker Orders sort Origin Trader id Trade report
Orders... Defines the default display of the Buy order, Sell order, Cross order and Modify dialog boxes and displays the Send order setup dialog box:
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Note: The Limit and Valid fields are no longer defined in the Send Order Setup window, but in the Trading Defaults window. The Send Order Setup dialog box contains the following fields:
Validity date for GTC (MMDD) Allocation receiver Client type code Clearing nature Compensation mode Trading phase Compens. Account Pending
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Allow alphanumeric code Specialist, Anonymous, Market maker Price control Adjust. Modif. QExe Beginning of the Trader order number Trading Defaults EUREX, SETS, Eve - 990 (depending on the market connection) Cancel care order on sending No cancel confirmation Filled Background
Validity date for GTC (MMDD) Validity date for orders Good Till Cancelled. Enter a date (month/day). The order remains on the market until it is cancelled by the sender. After 364 days, it will be removed from the book. By default, a GTC order is a dated order.
Recepteur allocations (Allocation Receiver) Name of the person who trades the counterparty.
Client type code Indicates the type of client or the type of order.
Clearing nature Indicates whether the order is opening or closing a position.
Compensation mode Specifies how the Clearing house deals with the order, when allocating the order.
Trading phase Indicates the moment of the trading phase.
Compens. Indicates the compensation member.
Account Indicates the compensation member's account.
Pending Check this box to configure all send order windows (buy, sell, modify) as pending (retention) orders by default. This option will be activated in all the displayed order windows.
Allow alphanumeric code Allows you to enter the ISIN code of an instrument, cancelling the auto-entry function.
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Specialist, Anonymous, Market maker Indicates the status of the person who is trading the order.
Price control Tick it to verify the price of the order.
Adjust. Modif. QExe Ticking this enables you to send a modification of an order (eg. quantity) even if the order has been sent and an execution started on it, without the modification being rejected by the SLE.
Beginning of the Trader order number Specifies the sequence of sent orders.
Trading Defaults You can configure a quantity by default in the Order Entry part of the Trading Defaults window; it will then appear in the order entry dialog box.
Eurex, SETS, Eve - 990 Indicates the name of the market. The market field indicates the currency capital that determines the quantity by which the Quantity field will be incremented.
Mouse trading It is possible to invert Mouse Trading via the General Settings function you can access from the GL Deskbar.
Cancel care order on sending Enables you to cancel care orders after you have sent them.
No cancel confirmation Disables the default confirmation box after a cancellation request.
Filled Background Fills the background of order entry windows. Click on the OK button to validate or on the Cancel button to return to the previous configuration.
Account number... Enables you to define a set of accounts that can be allocated to each order in order to facilitate clearing operations and displays the Account number setup dialog box.
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Enter account numbers. Click on the OK button to validate or on the Cancel button to return to the previous configuration. When an order is sent, the first account in the list is displayed by default in the dialog box:
Confirmations... Opens the Default Setup window.
Trading ticker... Enables you to display only the Ticker area and to choose the appropriate flux. Displays the Trading Ticker Setup dialog box:
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Check the Activate option and click on OK to display the GL Trading Station : Trading Ticker window:
In the Trading Ticker Setup dialog box, untick the Activate option to return to the previous configuration.
Sorting Type... Enables you to define the sort order in the Trading Station consultation area. The Sort order setup dialog box is composed of two areas:
The area of sorting types The area of Sort keys
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Sorting types You can define 6 sorting types.
Sort keys You can define your type of sort by choosing sort priority in each pane. Note: The Hour last exe function sorts orders according to the last execution. This display is refreshed in real-time. When an execution takes place, the line position changes to be displayed on top of the Trading Station Consultation area. Click on the Ok button to validate or on the Cancel button to return to the initial configuration.
Origin... This function is a table of correspondence between glids and trading room. GL WIN specifies these codes automatically. Displays the Origin selection window:
Select the desired line, then click on Ok to validate or on Cancel to return to the previous selection.
Trader id... Enables you to associate a user's number with his name. Displays the Setup trader id dialog box.
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Enter the users' names and numbers. Click on the OK button to validate or on the Cancel button to return to the previous configuration.
Trade report... Enables you to insert default values in the Trade Report window.
For detailed information on the fields, see the Off Exchange - Trade Report -> Default -> Default function in the Trading Station window.
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The Trading Watch Window To access the Trading Watch window, click on the Trading Tools icon, then select Trading Watch. The Trading Watch window centralizes the Exchange market messages. Response types are shown in the RTyp column (REP, ACK, JAL...).
The validity of the order is displayed in the Valid column. To sort by column, left-click on the header of the appropriate column. To sort by multiple criteria, Shift + left-click on the required column headers. You can sort by a maximum of three criteria. If you choose to display only a few columns in the window, and if the window is stretched to a large enough size, the data will scroll so that the columns are repeated several times. This window includes the following menus:
Display Tools Mode Group By Filters Tabs Alarms GLNET (multi-market connection)
The Display Menu The Display menu includes the following functions:
Fixed Window Show/Hide Title and Menu
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Show/Hide Button Bar Refresh Auto-scroll Column setup Colors Font Print Quit
Fixed Window For detailed information, see the Display -> Fixed window function in the Market Watch window.
Show/Hide Title and Menu Shows or hides titles and menus.
Show/Hide Button Bar Displays or hides the button/icon bar.
Refresh This function is checked by default. It enables you to receive the latest Exchange messages.
Auto-Scroll This function is checked by default. The focus is on the last received Exchange message.
Column Setup... Enables you to select the fields to be displayed in the Trading Watch window. Displays the Data Setup... dialog box.
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This window contains all the columns you can display in the Trading Watch window. Select the desired information. The Free Text Flag (FP) enables you to identify GL OMS orders. The Market field displays the market segment of each instrument (Cash, Forward, Options, Futures, etc.). The Instruction field contains routing type information. This field can contain the values DMA, EDA, or strategy names defined in the Entry Box .xml files (Broker System). The 1 line and 2 lines buttons enable you to organize information into one or two lines respectively. A display on two lines can help you to clarify certain data by grouping the items together. Click on the Style button to display additional configuration choices.
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The Grid section enables you to add Vertical and/or Horizontal lines to the information display section of the Trading Watch window. The Cursor shape section enables you to select the type of cursor you wish to display, and the Cursor properties and Cursor blink sections enable you to define the properties of the cursor. The Sort properties section enables you to lock the sorting of the columns, meaning that it will no longer be possible to accidently spoil your selection by clicking on another header. Click Ok to validate or Cancel to return to the initial configuration. To apply the GL WIN default configuration, click on the Default button.
Colors... Modifies the color and background of pages and highlights certain information. For further information, see the Colors explanation associated with the Display menu of the Market Watch window.
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Font... This setting is available on all GL WIN windows. See the Font function explanation associated with the Display menu of the Market Watch window.
Print... For detailed information, see the Print explanation associated with the Display menu of the Market Watch window.
Quit (Alt F4) or (Esc) Exits the Trading Watch window.
The Tools Menu The Tools menu includes the following functions:
Setup Trading Session Clear Load
Setup Use this function to select the background colors of the execution messages and define whether or not to display messages:
Check the Buy/Sell color option to fill the background color of the B/S field. Check the Buy/Sell color fills entire line option to display the entire lines in color.
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Check the Separator line option to display a line between the messages. Check the Show Information Messages option to display market order reception messages, such as On the book. Check the Show 'first limit lost' option to display the First Limit Lost market order reception message.
The colors are defined through the Colors function.
Trading Session... Enables you to select the trading session to be displayed.
You can select the current trading session, the previous trading session, or enter the Date of a specific session. Note: In general, the current session corresponds to a trading day but on some markets it can last several days.
Clear (Ctrl + Del) Clears the Trading Watch window and only new incoming messages will be displayed.
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Load Reloads the stored data of the selected SLE connection.
The Mode Menu The Mode menu contains the following functions: Historic Incoming Messages
Historic Select this mode to view all messages generated since the beginning of the trading session, for each market you are connected to. This mode selection is saved with the .bgl desktop file.
Incoming Messages Choose this mode to view only those messages which have been generated since starting your GL WIN workstation or selecting this mode. This mode selection is saved with the .bgl desktop file.
The Group By Menu This menu includes four functions that correspond to the visualization modes of the executed orders in the Trading Watch window: To sort groups by column, left-click on the header of the appropriate column. To sort by multiple criteria, Shift + left-click on the required column headers. You can sort by a maximum of three criteria. Note: The selected Group By function is saved with your .bgl desktop file. However, if you open a new Trading Watch window which hasn't been saved with your desktop, no Group By option is preselected.
Normal The incoming information is added and displayed in a chronological order.
Order Executions are grouped according to the initial orders. Each line represents a synthetic view of the executions for one order. By clicking on the corresponding line in the +/- column, you can display the executions in detail.
Instrument Executions are grouped by Instrument Name and according to the Buy or Sell side.
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Instrument/User ID Executions are grouped by Instrument Name and according to the User ID.
Instrument/Account Executions are grouped by Instrument Name, Buy or Sell side and Account Number.
Instrument/Price Executions are grouped by Instrument Name, Buy or Sell side and Price.
The Filters Menu The Filters menu includes the following functions:
Edit Filters No Active Filter
Edit Filters... Sets up filters on specific criteria (Type, Date, Hour, User id, etc.). The list of filter criteria depends on the market. Note: In multimarket mode, market-specific criteria are not displayed. You can use these filters to display only the required messages. There are two tabs in the Filters window, Basic and Advanced.
Basic Tab Enables you to quickly set up a filter.
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The following fields can be defined as required: Symb Instrument symbol. Ref Free text field. B/S Buy, Sell or Cross. The RType field can be selected from amongst : Field Name All Response Acknowledge CTE Reject GL Reject CTE Information Message
Description View all View trade responses for executions/fills View acknowledgements of open orders View eliminate messages from the Central Trading Engine (Host) View GL WIN (workstation) reject trade messages View CTE (Host) notifications (e.g. opening messages) View generic messages
Hour Manually enter a date. Cl. Ref Client trading account number (not sent to the Exchange). Uid User ID.
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Advanced Tab This tab allows you to detail filters by setting up more advanced criteria (for example, you can filter by strategy legs).
Note: if you are declared as a supervisor (the glflux.ini file contains User ID=Proprietary User or User=Command User), you can filter according to your own orders by selecting the Criteria Own Orders. You can further select to filter by Selected Only or Not Selected in the filter Assistant. The logical operators available for defining a filtering criterion are: Operator
Description
= > < ; =
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Note: The field Memo can be used with the >, Orders menu, it is possible to cover a position on the selected instrument directly via the P&L window. Right click on the Exec Open pos column on a selected line, and an order entry box will be opened automatically. Quantity, code, and price fields will be filled automatically with the relevant values. This window includes the following menus:
Display Select Simulation Tools Instrument Info Filters Tabs GLNET
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The Display Menu The Display menu includes the following functions:
Dictionary Main control window Controlled By Account Fixed window Always on Top Hide title and menu Hide button bar Price / Capital Select data display Colors Font Print Exit
Dictionary (Insert) For detailed information, see the Dictionary presentation associated with the Display menu of the Market Watch window.
Main Control Window With the Main Control window function, you can control one or several windows. In this way, via the P&L window, you can control the following windows:
Instrument summary, Intraday, Historical Characteristics of a stock, Market depth,
Fills by Instrument When the active instrument is modified in the main control window, all controlled windows are updated accordingly. The main control window must be selected on the Market Watch, the Trading Station or the Order Book windows.
Controlled By Account Tick this to control the Order Book by client, in conjunction with the Client Account Manager.
Fixed Window
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Use this function to display the selected window on all virtual screens that are available. GL WIN enables you to display information on four different virtual screens. A fixed window is always displayed and can be associated with other different windows according to the virtual screen displayed.
Always on Top Always displays the P&L window on top of the other windows visualized on the screen.
Show/Hide Title and Menu Bar This functionality displays or hides the menu bar, thus saving space on your desktop and removing unnecessary information. To show/hide the title and menu bar, you can also use Ctrl + double-click in the center of the window.
Show/Hide Button Bar This function displays or hides the icon bar.
Price/
Capital
(/) It is possible to display the information in two different modes : by price or by capital. The selected mode is then shown according the icon displayed. Note: This option is only available for cash markets.
Select data display... The Select Data Display... function displays the P&L display setup window. Select the fields you want to display in the P&L window.
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The field Spread/Ask Bid shows the difference between the average ask price and the average bid price. The Market field displays the market segment of each instrument (Cash, Forward, Options, Futures, etc.).
Colors... Modifies the color and background of pages and highlights certain information. For further information, see the Colors explanation associated with the Display menu of the Market Watch window.
Font This setting is available on all GL WIN windows. See the Font function explanation associated with the Display menu of the Market Watch window.
Print... For detailed information on this function, see the Print explanation associated with the Display menu of the Market Watch window.
Exit Exits the P&L window.
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The Select Menu The Select menu includes the following functions:
Select, Unselect, Invert Select All, Unselect All, Invert Selection
Select, Unselect, Invert (+, - , *) Shortcut
Function
+ *
selects the selected line. deselects the selected line. inverts the selection for the current line.
You can also execute your selections via:
a left click in the selection column S a spacebar stroke on the selected line to invert the selection a Ctrl + left click on a given value in a column to select each line containing this value.
Select All, Deselect All, Reverse All (Ctrl +, Ctrl -, Ctrl *) Shortcut
Function
Ctrl + Ctrl Ctrl *
selects all the lines. deselects all the lines. inverts the selection for all the lines.
The Simulation Menu The Simulation menu includes the following functions:
Load Erase Erase All
Load (Ctrl Inser) To enter a simulated position for each processed instrument, a price and a quantity can be entered directly in the dedicated columns Inc Q Bid and Inc P Bid. For a non-processed instrument, it is also possible to simulate a position.
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If a simulation for a non-processed instrument is deleted, the line will disappear, although it can be retrieved again by the Load function.
Erase (Del) To cancel the simulated position on each instrument, select the instrument Name, Code, Isin code, or Symbol and select the Erase function. By using the Erase function or the Del key on a specific cell content, the cell content is deleted.
Erase All (Ctrl Del) Erases all.
The Tools Menu The Tools menu includes the following functions:
Setup Select New Instrument Disable Currency Conversion P&L Currency Conversion Enable Currency Conversion Trading Session
Setup The Setup window enables you to define the display configuration, the calculation method and the reference price used in the P&L window.
General Tab In the General tab you can choose to display either the off-exchange trades, strategies or legs of strategies. There is also the option of displaying or hiding the global position in the bottom of the window, or whether to display the global position in bold and in the Default defined colors. You can add a Separator line to the display and choose to display the cumulated VWAP in global position. The VWAP in global position option can help you to see clearer figures for average prices. Tick the required options.
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P&L Tab: P & L Calculation and Setup The P&L window calculates the Realized P&L , Unrealized P&L, and the P&L for each instrument. The P&L calculation can be configured by choosing the Reference Price (Last Price or Marked to Market) and the Calculation Method (Average Price or FIFO).
For Derivatives markets, you can choose to display your P&L in Ticks (without being multiplied by the Tick Value) by ticking the Show P&L in Ticks option (the Tick option must also be activated in the Default Setup window). Note: If the Average price calculation method is selected, the Show P&L in Ticks button is greyed out.
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Fee Tab The Fee tab enables you to define whether you want the figure in the Fee Amount column in the P&L window to be calculated as a Percentage or an Amount.
P&L Calculation Formulas Case 1: calculation in relation to the last price Let: A=Tick Value/Tick Size B=Short Exec-Long Exec Then: P&L=Realised P&L+Unrealised P&L Realised P&L = {Min(Short Exec, Long Exec) x (Average Sell Price - Average Buy Price)} x A Unrealised P&L = B (Average Sell Price - Last) x A if B > 0 Unrealised P&L = B (Average Buy Price - Last) x A if B < 0 Note: For Securities Markets, Tick Value/Tick Size = 1
Case 2: Marked to Market Calculation Let: A = Tick Value/Tick Size B = Short Exec - Long Exec Then: P&L = Realised P&L + Unrealised P&L Realised P&L = {Min(Short Exec, Long Exec) x (Average Sell Price - Average Buy Price)} x A Unrealised P&L = B (Average Sell Price - Askprice) x A if B > 0 Unrealised P&L = B (Average Buy Price - Bidprice) x A if B < 0 Note: For Securities Markets Tick Value/Tick Size = 1
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Nominal Value For Bonds The bond's nominal value available via the Market Request (MR) is used for the P&L calculation. When the MR is not available, the nominal value has to be filled manually via the Trading Defaults window. If no value is entered, the default nominal value is 1.
Select New Instrument If you have traded on a new instrument, it will be inserted in the P&L window and ticked by default if you select this option. This option could be used in order to take into account the position of a new instrument in the global position displayed in the bottom part of the window.
Disable currency conversion Disables currency conversion.
P&L currency conversion Enables currency conversion for P&L columns only. Select a currency from the currency converter drop-down menu
.
Enable currency conversion Enables currency conversion for all columns in the P&L window except Qty and Open Pos. Select a currency from the currency converter drop-down menu
.
Trading Session... Enables you to select the trading session to be displayed.
You can select the current trading session, the previous trading session, or enter the Date of a specific session. The number of trading sessions available depends on the SLE Trading Server setup. Note: In general, the current session corresponds to a trading day but on some markets it can last several days.
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The Instrument Info. Menu For faster access to information concerning a specific instrument, the following windows can be opened directly via the Instrument Info menu:
Fills by Instrument Instrument Summary Characteristics Historical Intraday Market depth
The Filters Menu The Filters menu includes the following functions:
Edit Filters No Active Filter
Edit Filters... Sets up filters on specific criteria (Type, Date, Hour, User id, etc.). The list of filter criteria depends on the market. Note: In multimarket mode, market-specific criteria are not displayed. You can use these filters to display only the required messages. There are two tabs in the Filters window, Basic and Advanced.
Basic Tab Enables you to quickly set up a filter.
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The following fields can be defined as required: Symb Instrument symbol. Ref Free text field. B/S Buy, Sell or Cross. The RType field can be selected from amongst : Field Name
Description
All Response Acknowledge CTE Reject GL Reject CTE Information Message
View all View trade responses for executions/fills View acknowledgements of open orders View eliminate messages from the Central Trading Engine (Host) View GL WIN (workstation) reject trade messages View CTE (Host) notifications (e.g. opening messages) View generic messages
Hour Manually enter a date. Cl. Ref Client trading account number (not sent to the Exchange). Uid User ID.
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Advanced Tab This tab allows you to detail filters by setting up more advanced criteria.
The logical operators available for defining a filtering criterion are: Operator
Description
= > < ; =
Note: The field Memo can be used with the >, Consultation data setup... function in the Trading Station window.
Statistical Section Setup... Enables you to select the fields to be displayed in the Statistical Section of the Fills by Instrument window. You can compare your personal VWAP (Trader VWAP) to the performance of the market throughout the day (Market VWAP), or a defined time period (Period VWAP). Note: The Market VWAP (=GL VWAP) is calculated and updated in real time by the GL SLC market data server. Please refer to the general VWAP description in the section Different VWAP Types in the GL WIN V5 windows.
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The Statistical Section on the bottom of the screen gives the following information:
Stat Description Nb Exec Number of executions displayed in the upper part of the window. % Trader Market Percentage representing all selected executions available in the upper part of the window divided by the total market volume for the concerned instrument (Volume column in the Market Watch window given by the exchange). Delta Bid VWAP Difference between the Bid Trader VWAP and the Market VWAP of the current trading session. Delta Ask VWAP Difference between the Ask Trader VWAP and the Market VWAP of the current trading session. Market VWAP Market's performance for the entire day.
Period Description Market Period Qty Total quantity on the market for a selected instrument. %Trader Market Period Percentage executed by the trader on the market for a selected instrument. Delta Bid Period VWAP Difference between the Bid Trader VWAP and the Period VWAP.
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Delta Ask Period VWAP Difference between the Ask VWAP Trader and the Period VWAP. Period VWAP VWAP according to the selected time range.
Colors... Modifies the color and background of pages and highlights certain information. For further information, see the Colors explanation associated with the Display menu of the Market Watch window.
Font... This setting is available on all GL WIN windows. See the Font function explanation associated with the Display menu of the Market Watch window.
Print... (Ctrl + P) For detailed information on this function, see the Print explanation associated with the Display menu of the Market Watch window.
Exit (Esc) or (Alt F4) Exits the Fills by Instrument window.
The Select Menu The Select menu includes the following functions:
Select, Unselect, Invert Select All, Unselect All, Invert Selection
Select, Unselect, Invert (+, - , *) Shortcut
Function
+ *
selects the selected line. deselects the selected line. inverts the selection for the current line.
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You can also execute your selections via:
a left click in the selection column S a spacebar stroke on the selected line to invert the selection a Ctrl + left click on a given value in a column to select each line containing this value.
Select All, Unselect All, Invert Selection (Ctrl +, Ctrl -, Ctrl *) Shortcut
Function
Ctrl + Ctrl Ctrl *
selects all the lines. deselects all the lines. inverts the selection for all the lines.
The Tools Menu The Tools menu includes the following functions:
Setup Trading Session
Setup... The Setup dialog is divided into the VWAP tab and the General tab.
VWAP Tab Specify a time phase in the VWAP calculation mode section (Range Time From HH/MM/SS To HH/MM/SS), or tick Selected Executions to calculate the VWAP for ticked executions only (execution times of the first and last selected trades). Once the parameters have been specified, choose either OK to send the selected orders, or Cancel.
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General Tab
The General tab contains the following functions:
Select Photo When a new instrument is selected, the window displays by default all the lines for the new instrument. This is useful especially when the Controlled window setup... option is activated.
Select Real Time
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Enables you to select automatically all the lines as soon as executions appear in the window in order to include them in the Recap calculations. Display Separator line Displays separator lines between each execution in the Execution Section. Nb decimals VWAP Specifies the number of VWAP decimal places.
Trading Session... Enables you to select the trading session to be displayed.
You can select the current trading session, the previous trading session, or enter the Date of a specific session. The number of trading sessions available depends on the SLE Trading Server setup. Note: In general, the current session corresponds to a trading day but on some markets it can last several days.
The Filters Menu The Filters menu includes the following functions:
Edit Filters No Active Filter
Edit Filters... Sets up filters on specific criteria (Type, Date, Hour, User id, etc.). The list of filter criteria depends on the market. Note: In multimarket mode, market-specific criteria are not displayed. You can use these filters to display only the required messages. There are two tabs in the Filters window, Basic and Advanced.
Basic Tab Enables you to quickly set up a filter.
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The following fields can be defined as required: Symb Instrument symbol. Ref Free text field. B/S Buy, Sell or Cross. The RType field can be selected from amongst : Field Name
Description
All Response Acknowledge CTE Reject GL Reject CTE Information Message
View all View trade responses for executions/fills View acknowledgements of open orders View eliminate messages from the Central Trading Engine (Host) View GL WIN (workstation) reject trade messages View CTE (Host) notifications (e.g. opening messages) View generic messages
Hour Manually enter a date. Cl. Ref Client trading account number (not sent to the Exchange).
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Uid User ID.
Advanced Tab This tab allows you to detail filters by setting up more advanced criteria.
The logical operators available for defining a filtering criterion are: Operator
Description
= > < ; =
Note: The field Memo can be used with the >, Controlled Window Setup section, the Fills By Instrument window displays the following result if the Selected Only quickfilter option is selected.
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No Active Filter Disables currently active filter.
The GLNET Menu The Trading Watch window can be used in both mono-market and multi-market modes. This is configurable via the GLNET menu, by selecting the required market connections (SLE trading servers):
Use the Ctlr + Click commands to choose markets separately. Use the Ctrl + Shift + Click commands to select all available connections.
Note: The GLNET menu is only available if you are connected to several SLE servers.
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Alerts & RFQ In the GL Deskbar, click the Trading Tools icon, then Alerts & RFQ to access the following windows:
Alerts Request for Quote Answer to RFQ AutoRFQ
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The Alerts window You can access this window by clicking on the Trading Information Tools icon, and selecting the Alerts function. You can also click on the Trading Tools icon and select the Alerts & RFQ -> Alerts function. When you select the Alerts function, both the Alerts and the News windows are displayed because they are linked. The Alerts window is used to define customized instrument alarm messages that will be received via the News window. You can enter instruments by using the dictionary, or by typing instruments directly in the list.
Setting Alerts Customized alarms are defined by class and/or at the instrument level that are triggered when the market reaches the specified alert threshold. 1. In each line of the Alerts window, the equals sign = displays the current value of the instrument, updated in real time. Type in the upper and lower alert thresholds in the less than < and greater than > columns. 2. If the value of the instrument reaches one of the limits, an alert is generated in the form of a sound alert and a news message. The field is highlighted as well as the instrument identification (symbol, name etc.), in a colour which you can specify in the Highlight field of the Colors dialog. If the alert field or the instrument itself is disabled (an X is shown in the Active column), the highlight is deactivated. 3. To set a trigger for RFQs, specify a minimum number of RFQs to appear on the market before an alert is generated, by entering a number in the > column. When triggered these customized alarms will be displayed in the News window. Note: Both the News and Alerts windows must be open and active in order to receive important market information.
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The Alerts window includes the following menus :
File Alerts Display
You can also access the functions of these menus by right-clicking anywhere in the window. The button bar also provides you with rapid access to several functionalities.
Data Display Setup The Data Display Setup icon window.
enables you to select the fields to be displayed in the Alerts
This window contains all the columns you can display in the Alerts window. Select the desired information. Only the fields displayed are visible in the Sound Setup dialog box - all hidden fields will keep their previous settings for sound alerts.
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The File Menu This menu includes the following functions:
Open Save Quit
Open... Opens the .stk list of files or the .alr file previously saved on the workstation through the Save... function.
Select the list you want to open and display, then click on OK to validate or on Cancel to exit. An .stk file corresponds to an alert configuration you have previously defined and saved.
Save... Saves an .alr alert file. Enter the name of the alert file to be saved in the selected directory and click on Save a file to validate. This saved file can be re-used later on through the Open... function.
Quit (Alt+F4) Exits the Alerts window.
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The Alerts Menu This menu includes the following functions:
Dictionary Delete Activate/Deactivate Invert Activate/Deactivate all Invert all Toggle RFQ Global variation Sounds
Dictionary (Insert) For detailed information, see the Dictionary presentation associated with the Display menu of the Market Watch window.
Delete (Del) Deletes the selected instrument from the Alerts window.
Activate/Deactivate (+/-) This function activates or deactivates the selected instrument.
Invert (*) Changes the instrument from an activated to a deactivated status and vice versa.
Activate/Deactivate all (Ctrl +/Ctrl -) This function globally activates or deactivates all the instruments in the list.
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Invert all (Ctrl *) Inverts all instruments in the list from an activated to a deactivated status and vice versa.
Default Parameters... Use this function to set the default activation of the RFQ option for new alerts.
Tick the option and click on OK to validate or on Cancel to exit.
Toggle RFQ Activates or deactivates the list of Requests for Quote. When an RFQ alert is activated, RFQ information is displayed in the message area of the Alerts window.
Global variation... Enables you to apply variation criteria to the entire alert list.
Enter in percentages the minimum and maximum values of the variation. Click on OK to validate or on Cancel to exit the function.
Sounds... Defines an alert beep for the selected parameter.
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Select the parameter to which the alarm beep will be applied. The chosen parameter is highlighted. Then, extract a sound file previously saved by using the Browse button. Click on Test to check the alert beep specific sound. Click on OK to validate or on Cancel to exit the function and return to the previous configuration.
The Display Menu This menu includes the following functions:
Show/Hide title and menu Main control window Main control window (lower section) Show/Hide button bar Show/Hide Messages Font Color
Show/Hide title and menu This functionality displays or hides the menu bar, thus saving space on your desktop and removing unnecessary information. To show/hide the title and menu bar, you can also use Ctrl + double-click in the center of the window.
Main control window With the Main Control window function, you can control one or several windows (Market Depth, Intraday/Historical and Instrument Summary). Modifications that happen in the upper part of the main control window are applied to controlled windows.
Main control window (lower section) With the Main Control window (lower section) function, you can control one or several windows (Market Depth, Intraday/Historical and Instrument Summary).
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Modifications that happen in the lower part of the main control window are applied to controlled windows.
Show/Hide button bar This function displays or hides the icon bar. The icon bar (or button bar or toolbar) provides you with rapid access to several functionalities you can also access through the window menus. Alerts icon bar:
Show/Hide Messages This function displays or hides the message area (bottom area) of the Alerts window.
Font... Use this function to change fonts, their types and sizes. This setting is available on all GL WIN windows. See the Font explanation associated with the Display menu of the Market Watch window.
Color... Modifies the color and background of pages and highlights certain information. To get further information, see the Colors explanation associated with the Display menu of the Market Watch window.
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CME Market Maker To access the CME Market Maker window, click the Trading Tools icon, then select CME Market Maker. This window enables you to visualize Market Maker information for CME. Note: The functionalities of this window are identical to the generic Market Maker window, which is only available for the Simex and SGX Quest markets.
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Price Display System To access the Price Display System window, click the Trading Tools or Market Data icon in the GL Deskbar and select Price Display System. The Price Display System window is used to display the prices published by market makers on exchanges that support the quote publication functionality. A market maker can also use this window to publish his own quotes for a particular instrument by using the Contribute function (F11).
The Price Display System window is divided into two sections: The Market Columns section and the Instrument Columns section.
The Market Columns Section This section occupies the bottom part of the window and is an instrument market summary display. Use the Market Column Setup function to select which columns to display in this section.
The Instrument Columns Section This displays specific instrument data, and is shown as a strip at the top of the window. Use the Instrument Column Setup function to select which columns to display in this section.
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Key to MM Quote Price Variations The var field uses different symbols to display how the market maker has changed his current quote in relation to the last quote. Descriptions of all symbols are given below.
Bid Price Increase.
Bid Price Decrease.
Ask Price Increase.
Ask Price Decrease.
No changes for either bid or ask price.
Examples: The market maker has increased his bid and decreased his ask.
The market maker has decreased his bid, and has not modified his ask.
No price movements. The Price Display System Window includes the following menus:
The Display Menu The Sort By Menu
The Display Menu This menu includes the following functions:
Dictionary Controlled Window Setup Contribute Market Column Setup
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Instrument Column Setup Market Maker Number MM Buyer MM Seller Show/ Hide Title and Menu Show/ Hide Instrument Data Show/ Hide Yellow Strip Show/ Hide Data Title Show/ Hide Scroll Bar Font Yellow Strip Font Colors Print Quit
Dictionary (Insert) For detailed information, see the Dictionary presentation associated with the Display menu of the Market Watch window.
Controlled window setup... For detailed information, see the Controlled window setup... description associated with the Display menu of the Instrument Summary window.
Contribute (F11) The Contribute function displays the Bid/Ask Entry Box, so you can publish your own quotes.
Note: The Bid/Ask Entry Box is currently only available on SEAQ. On other markets, the Price Display window will be displayed.
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Tick the Local Only checkbox to send a local quote (not sent to the exchange) when you press ENTER. You can also click the Local button to send the order as a local quote. Note: This feature is available on SETS v5.12 and later versions only.
Market Column Setup The Market Column Setup... function displays the Market Columns section display setup window. Select the fields you want to display in the Market Columns section.
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.
Instrument Column Setup The Market Column Setup... function displays the Instrument Columns section display setup window. Select the fields you want to display in the Instrument Columns section.
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Market Maker Number Displays the Market Maker Number dialog. Input your BIC code(s) (up to a maximum of three), and the quotes of all specified market makers will be highlighted in the Price Display System main window.
MM Buyer (Enter) Displays market maker information on the buy side of the instrument your cursor is on.
MM Seller (Shift Enter) Displays market maker information on the sell side of the instrument your cursor is on.
Show/Hide Title and Menu Shows or hides titles and menus.
Show/Hide Instrument Data Shows or hides Instrument Columns section of Price Display System.
Show/Hide Yellow Strip Shows or hides Yellow Strip.
Price Display System Behaviour The Yellow Strip can change to either red or orange under the following circumstances: When the Yellow Strip Turns Red When the instrument’s quoting period is closed, the background colour turns red. The word Closed is displayed across the strip with the best bid and the best ask from the last session. No other information is displayed.
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Note that if the last session best bid and best ask are not available, the yellow strip doesn’t display quote information.
During the normal quoting period times, if the best bid is greater than the best ask, a red background is displayed.
When the Yellow Strip Turns Orange During the quoting period times if the best bid is equal to the best ask, the Yellow Strip turns orange.
Show/Hide data title This function displays or hides the titles.
Show/Hide scroll bars This function displays or hides the scrollbars.
Font... Use this function to change fonts, their types and sizes. This setting is available on all GL WIN windows. See the Font explanation associated with the Display menu of the Market Watch window.
Yellow Strip Font Use this function to change the Yellow Strip font, its type and size. See the Font explanation associated with the Display menu of the Market Watch window.
Colors... Modifies the color and background of pages and highlights certain information. For general information, see the Colors explanation associated with the Display menu of the Market Watch window. The Price Display System shows and identifies previous closed quotes if you do not have opened quotes on the market. You can specify a colour in the Bckgrd Closed Quote Settings field. The yellow strip will also display the best closed prices if there are no opened quotes on the instrument. Note: This only works on exchanges that support the feature.
Print... For detailed information, see the Print explanation associated with the Display menu of the Market Watch window.
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Quit (Escape) Exits the Price Display System window.
The Sort By Menu This menu includes the following functions:
Best Price Best Bid & Ask Decreased Qty Market Maker Name Market Maker Time Combined Market Maker Name Combined Market Maker Time
Best Price Sorts the market maker quotes by the best bid and the best ask.
Best Bid & Ask Sorts by market maker with the best bid and ask.
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Decreased Qty Sorts the quotes by quantities, on the bid and on the offer.
Market Maker Name Sorts the quotes according to Market Maker.
Market Maker Time Sorts the quotes by time of arrival.
Combined Market Maker Name Displays the market maker quotes by combining the bid & ask prices and quantities columns into two columns (one for price and the second for volume). Then sorts the quotes by the Market Maker name.
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Combined Market Maker Time Displays the market maker quotes by combining the bid & ask prices and quantities columns into two columns (one for price and the second for volume). Then sorts the quotes by their time of arrival.
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Index A Account number, 132 Add Tab, 74 Additional, 101 Alerts, 187
B Basket list setup, 126 Bold Order, 50 Buy, 26 Buy (care order), 115 Buy (Trade Report), 117
C Calculation window, 66 Cancel (Care orders), 116 Cancel Care Order, 92 Cancel/Global Cancel, 39 Care Order, 112 Care Order Setup, 125 Code Finder & Strategy Builder, 59 Confirmations, 133 Consult, 119 Consultation Data Setup, 123 Control Window By Order, 19 Controlled by order, 172 Create a basket, 95 Cross, 35 Cross (Trade Report), 119 Currency, 66 currency.prm, 66
D Data setup (Trade Report), 121 Default, 122 Default Parameters, 191
E Edit Filters, 162 Entry Box Behaviour, 46 Execution, 119 Execution history (Trading), 107
F Fee Amount, 158 Fee Tab, 158 Fills by Instrument, 169 Filter (care order), 114 Filters (Fills by Instrument), 179 Format of Data, 127
G Global Cancel., 93 Global Modif., 93 Global variation, 191
H Hit, 90
I Info of Ticker, 125 Insert orders in a basket, 97
K Keyboard shortcuts (Trading), 79
L Last market price, 21 List, 94 Load Simulation (P&L), 157
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M 20B
market impact, 50 Market Impact for an Order, 50 Market Impact Zone, 50 Modify, 38 Modify (care orders), 116 Modify Tab, 75
O 203B
Open a file, 189 Order Book (V5), 15 Order Consultation area, 78 Order history, 105 Order Status, 106 Orders, 89 Orders sort..., 134 Origin, 135 Outstanding, 102
P 204B
Price Display System, 197 Price/Capital (Fills by Instrument), 172
Q 205B
Quantity Pad, 55 Quick Modification, 58
R
Sell (care orders), 116 Sell (Trade Report), 118 Send order setup, 129 Sending a basket of orders, 98 Setup (Order Book), 61 Simulated Market Impact, 50 Single Order Breakdown, 64 Sounds, 191 Summary and Calculation window Columns, 68 Summary and Calculation window, 66 Summary and Calculation window, 68
T 208B
Tabs Position, 75 Take, 89 The Order Book Window, 15 The P & L Window, 153 The Ticker, 79 Ticker Data Setup, 124 Ticker negociation, 133 Trade Report, 117 Trade Report default values, 136 Trader id, 135 Trading report, 110 Trading report setup, 126 Trading Session (Trading Watch), 142 Trading Station, 77 Trading Watch, 137
V 209B
206B
Remove Tab, 75 Reverse, 101
S 207B
Sell, 34
Documentation issued by CertEx
Value, 55 vsLast, 21 VWAP, 158 VWAP Descriptions (Fills By Instrument), 174 VWAP in global position, 158 VWAP Orders (Order Book), 42 VWAP Types in the GL WIN V5 Windows, 170
