Internet Currency Trading System User Manual
Contents
1. Java Applet Window Message from SYSTEM prompt Page 14 of 40 Internet Currency Trading System User Manual Hedging Positions The term hedging is used in this manual to refer to the ability to simultaneously have both long and short positions open in the same instrument Depending on your agreement with the Dealing Desk you may be allowed to open positions that oppose ones that already exist In this case by placing the trades from the Dealing Rates Window you will ot offset your existing open positions but will open new positions If hedging is allowed open positions can be hedged by opening new positions from the Dealing Rates Window in the opposite direction ie Buy Sell 5 lots EURUSD when a position was already opened to Sell Buy 5 lots EURUSD If hedging is not allowed then a position opened counter to an existing one will simply close or partially close the existing position see above under Order Confirmation Page 15 of 40 Internet Currency Trading System User Manual Placing Entry Stop and Entry Limit Orders Entry Stop and Entry Limit Orders are Conditional orders that are aimed at automatically triggering a Market Order to open or close a position at a certain pre set rate that is mot the current market rate if that rate is attained by the market If the exact rate is skipped between market ticks Conditional orders will be triggered when the pre set rate is skip2. including non triggered Stop and Limit orders Show All Shows all pending orders except those Stop and Limit orders that are not considered Urgent or Imminent Show Imminent Shows all Urgent and Imminent orders only Show Urgent Shows all Urgent orders only To select a mode right click on the Window s header and select one of the four above modes Page 18 of 40 Internet Currency Trading System User Manual Orders are considered Urgent when they are awaiting Dealer interaction This includes orders to Open a Position T Close a Position C as well as triggered Entry Stop and Entry Limit Orders and triggered Stops and Limits on existing positions ze all orders except non triggered Stops and Limits Conditional orders Stops Limits Entry Stop Entry Limit are considered Imminent when the current market rate is less than or equal to a pre set number of pips away from the rate at which the order is set to be executed The number of pips called the imminent distance can be pre set in the Trader s Orders Window by right clicking the Window header and selecting the Set Imminent Distance command The Enter Imminent Distance Value dialog box will appear Enter the desired value for the imminent distance in pips then press OK to save the value or Cancel to cancel the command amp Enter imminent distance x asl OK Cancel Java Applet Window Enter Imminent Dista
3. 4745 24 6995 24 400 00 4345 24 N TN 3f 000f 45 30 of 2204 70 tffirstgroup TST Te Oe a a VV 7 00 876 60 0 00 1809 68 second group act_test 8175 00 22225 00 5000 00 3175 00 0 00 175 00 14225 00 second group act_test 2015696 80 2010417 23 3000 00 2007417 23 3 00 480 60 4801 97 second group act_test 109680 70 112280 99 4000 00 105680 70 4 00 396 00 2992 29 second group lava Applet Window Account Information Window Having chosen the proper account or group of accounts you can proceed with Opening your position If you select multiple accounts your order will be distributed between the selected accounts based on the default trade amount set for each account You can only place orders for multiple accounts for a number of lots that is a multiple of the sum of the default trade amounts for all the accounts You will learn to adjust the default amount in the next section For example let s say that you are opening a position for two accounts The first account has a default trade amount of 1 lot and the second has a default trade amount of 3 lots You can only open a position for a multiple of 1 3 4 lots so you choose 8 lots twice the default trade amounts When the order is executed the first account will have opened a position for 2 lots and the second for 6 If one account of the several you are opening a position for does not ha
4. Internet Currency Trading System User Manual Viewing Account Information In the Account Information Window you can view the details of every account including AcctID Account ID Account Number Own Money Owner ID Money Owner Name Balance Balance Account Balance Equity Equity Account equity Balance Unrealized Profit Loss UsdMr Used Margin Amount in base currency used as margin for existing positions UsblIMr Usable Margin Amount in base currency that can be used as Margin for opening future positions UsbIMr Equity UsdMr or UsblMr Balance UsdMr MC Margin Call Shows if a Margin Call was issued on the account Margin Call rates depend on Dealing Desk policy OP Open Positions Number of open positions in Lots Prm Premium The amount of premium overnight interest rollover fee that has been paid to or charged from an account for currently open positions not liquidated at the end of the trading day The premium rate for each instrument is shown in the Currency Reference Rates Window NetP L Net Profit Loss Net profit or loss on this account in base currency for open positions at the current moment Net P L Gross P L Com Prm DA Default Amount Default number of lots in the New Positions dialog box for this account Page 33 of 40 Internet Currency Trading System User Manual Viewing Margin Call Prices For each account you can view the prices
5. at which a Margin Call would be generated by right clicking on any account in the Account Information Window and choosing MC Rates from the pop up menu The Margin Call rate in percent is set by the Dealing Desk per account If you are trading only one instrument then the price you will see displayed will be accurate for your current account balance If however you are trading multiple instruments then the Margin Call price for each instrument is calculated ceteris paribus i e with all other instruments prices frozen Page 34 of 40 Internet Currency Trading System User Manual Account Types In the Account Information Window accounts ate marked with a T M or G to represent one of the following account types T Individual trading account G An account that represents a group of managed accounts M Individual managed account within a managed group Page 35 of 40 Internet Currency Trading System User Manual Setting Group Names If you are trading with multiple accounts you can choose groups for these accounts and sort by group name in the Account Information Window To enter a Group name left click on the Group field in an account s record and enter the name in the Group dialog box that pops up amp 100 Group xi second group OK Cancel Java Applet Window Group dialog box Page 36 of 40 Internet Currency Trading System User Manual Viewing Managed A
6. box If you right clicked on the position select Stop or Limit from the pop up menu and you will then be presented with the dialog box In the Stop or Limit dialog box enter the desired Stop or Limit rate and press Submit to enter the new Stop or Limit or Cancel to cancel the command f o4 gt 1 6803 Submit Cancel Java Applet Window Stop dialog box f E2 lt 1 6803 Submit Cancel Java Applet Window Limit dialog box A Stop also known as a stop loss is used to close an open order at a price CC that is worse for the trader than the current market price while a Limit is used to close an open position at a price that is better for the trader than the current market price More specifically a stop limit will relate to the current price as follows Limit on a BUY position will be greater than the current market price Limit on a SELL position will be less than the current market price Stop on a BUY position will be less than the current market price Stop on a SELL position will be greater than the current market price Page 24 of 40 Internet Currency Trading System User Manual NOTE A combination of Stop and Limit Orders will create an OCO one cancel other situation Close an Open Position from the Dealing Rates Window NOTE I If Hedging is allowed within the system closing open positions from the Dealing Rates Window is not possible as new oppos
7. user friendly box layout Open the Window menu and click on New Dealing Rates Style to toggle between the two modes The change will be immediately reflected in the look and feel of the Dealing Rates Window A checkmark in front of New Dealing Rates Style indicates that the new box layout is selected TIP If you ve arranged the trading screen windows inconveniently there s always the Arrange by Default option in the Window menu Page 4 of 40 Internet Currency Trading System User Manual Adjusting Windows Use the Window menu to choose save and restore the arrangement of windows on the screen To choose which windows will appear open the Windows menu You will see the names of the available windows Click in front of the name to place or remove a checkmark Checked windows are shown and unchecked ones ate hidden To show all windows on the trading screen select Show All in the Window menu To save your arrangement of windows use the Save Settings option in the File menu To return to the system s default arrangement select the Arrange By Default function in the Window menu Page 5 of 40 Internet Currency Trading System User Manual Help The Help menu need not be an item of last resort as it connects you to pertinent and updated information that will help you get the most out of the trading interface To access the latest version of the User Man
8. Internet Currency Trading System User Manual INTRODUCTION Welcome to the Internet Currency Trading System CTS User Manual This Manual is designed to introduce the ICTS to a trader to show how to use the system to trade and to provide a general overview of the features available to traders using the ICTS By reading this manual you agree to release the provider and creators of this manual from any liability directly or indirectly resulting from its use or from any possible errors found within Page 1 of 40 Internet Currency Trading System User Manual TABLE OF CONTENTS Logging In and Configuring the Interface 3 LOSA an eT rear eS Peery eer rear rr airy re a Ror rt oS en re er eee 3 MNS ai hes etna ON aia habeas aa AA ch Balas 4 Adj s ng NW AT Sart sg oes eas alia oh gaan 5 Helpis a a e a a E E e N ASRS 6 Placing Orders To Open Positions 8 IR Vie wie the ALCS coin eanis Cetin E AAAA AE A N ETE ENA Ne aie 8 Selecting One or Multiple Accounts ia wih win ues eee amtaesaniady 9 Setting the Default PradeA inOUit 0 ain ania sahen eh hemi an tenCuningacents 10 Placing a Market Order suse acta awn aairiaunidietinidniadoninbdunnsaitndaviel 11 Order C OfPitmanon snisiaatei aah aiaa aa 13 Order Negotiation amp Processiti gs sticisiesdiersdgriviteaviarieiedetaveiibrintnacsareredavinvede 14 Hedging POSHAOIG ikoscaiciietas inves ieilodbesduaitesbiedodesksnidd i ii ai 15 Placing Entry Stop and Entry Limit Orders sssssss
9. a currency pair buys the first currency in the pair and sells the second For example a Buy order for the EURUSD pair buys the Euro in exchange for the US Dollar Once the Market Order command is given by clicking on a rate or selecting Market Order from the pop up menu the Amount Input dialog box will appear You will see a confirmation of the type of trade you wish to execute Le Buying GBP Selling USD amp 100 New Position xj You will be Buying GBP Selling USD Amount 1 Price fi 6012 Trader Range m OK Cancel Java Applet Window Amount Input dialog box NOTE The Trader Range is a trader s tolerance for price change When an order is placed the Dealer may reject it and offer a new price because the market has shifted while the position was being placed To prevent this negotiation for small market moves a trader can enter an amount in pips into the Trader Range field in the Amount Input dialog box when opening a position Then if the Dealer presents a new price that is within the Trader Range in pips of the original order price the order will go through at the Dealers new price automatically To place your Market Order enter the size of the trade in lots in the Amount field and the maximum automatically allowable deviation in price in pips in the Trader Range field Then click OK You may also click Cancel to cancel your Market Order If you are trading for multiple accounts read the Select
10. ccounts If you use the Managed Accounts feature that groups many accounts into one group account you can view the accounts being managed under the group account in the Account Information Window By default the Account Information Window does not show all of the individual managed accounts in a managed accounts group Instead only the blue colored Group account is shown representing all of the managed accounts within that group account To see all individual managed accounts right click on the Account Information Window header and choose the Show Managed command You will see a checkmark next to Show Managed when managed accounts are shown individually and vice versa Page 37 of 40 Internet Currency Trading System User Manual CREATING AND VIEWING REPORTS Two types of reports are available for traders Account Statements and Trading History reports Both are accessible from the Account Information Window Page 38 of 40 Internet Currency Trading System User Manual Generating Account Statement Reports To generate an Account Statement either right click on the account for which you wish to generate the statement in the Account Information Window and select Reports from the pop up menu or click on the File menu and click on Reports A new page will open with options for generating your account statement Please make sure that pop up blocker tools in your browser are deactivated as they will block this new wind
11. e position will remain open An order may be removed due to a change in market conditions If this occurs you will be notified by the Message from System prompt amp Order 4207 Rejected p Market price on EURGBP has changed New price is 0 6132 Please confirm or reject the new price immediately Your order will expire within 19 seconds ea ava App Window Order Rejected Prompt x A Reaction time has expired Rejected order to Buy USDJPY at 119 28 was cancelled by the system due to market price change Java Applet Window Information Prompt Message from SYSTEM xj G Your order 54 to Buy USD UPY at 119 26 has been removed by dealer Java Applet Window Message from System Prompt Page 29 of 40 Internet Currency Trading System User Manual Hedge Position The term hedging is used in this manual to refer to the ability to simultaneously have both long and short positions open in the same instrument Depending on your agreement with your Dealing Desk you may be allowed to hedge existing positions by right clicking anywhere on a position in the Open Position Window and selecting the Hedge command If hedging is allowed then opening a position will not close its opposing position the only way to close an open position when hedging is allowed is to left click on the Close field within the position record in the Open Positions Window to right click anywhere within the posi
12. enu and clicking OK on the Confirmation prompt amp Close the following positions x The following positions will be closed Java Applet Window Close Position Confirmation Window Page 27 of 40 Internet Currency Trading System User Manual Close Position Order Confirmation If the Dealer confirms the close position order you have just placed the C record will disappear from the Trader s Orders Window and the newly closed position will be removed from the Open Positions Window Your account information will be updated Page 28 of 40 Internet Currency Trading System User Manual Close Position Order Negotiation amp Processing If the close position order you have just placed is rejected due to a change in market conditions the green C order in the Trader s Orders Window will be replaced by a new order marked T and colored yellow This new order will show the new market price You will then be presented with the Order Rejected dialog box which notifies you of a price change and displays the new price You will have several seconds to either accept this new price by clicking the Accept New Price button or to remove the order by clicking the Remove Order button If the no option is selected in the Order Rejected dialog box within the time shown the order will be removed by the system and you will be notified by the Information prompt and th
13. esreesereseeeseee 39 Generating Trading History Repotts ses ssessssesseessssesseesssesseesrtesrresrresrresereseeeseee 40 Page 2 of 40 Internet Currency Trading System User Manual USING THE ICTS LOGGING IN AND CONFIGURING THE INTERFACE Login The Login dialog box appears when the Internet Currency Trading System ICTS starts Enter your User Name Password then click the OK button The ICTS trading applet will appear on the screen To change your password open the File menu on the top bar of the trading applet and select Change Password If you are satisfied with the layout and look of the windows of the trading applet proceed to the next section Placing Orders If not there are several adjustments that can be made to the look and feel of the trading interface ICTS Login 3 2 1020 xj User Name dem3785 Password erre cn lava Applet Window Login Dialog Box E DEAL 20 315 7 Fe iw ines Hek 2 Draing Rates File View Window and Help menus on the top bar of the trading applet Page 3 of 40 Internet Currency Trading System User Manual Motifs The ICTS has several motifs available that change the look and feel of the applet s windows without affecting functionality To select from available motifs open the View menu select Look and Feel and then choose from the available motifs The ICTS also has two options for viewing dealing rates the standard table layout and a new
14. hoose to Show or Hide the positions of individual managed accounts DEAL_20 3 15 7 a 0 x File View Window Help OPEN ONLINE 08 18 03 16 15 EA Open Positions 6 alx Amt K B S Open Close BEP act_te 282 100 0 S 1 5890 1 5902 1 5890 0 00 120 00 03 08 18 O AcT PrOrd 278 500 0 S 1 1149 1 1153 1 1148 0 00 205 00 03 08 18 act_te 280 300 0 S 1 1149 1 1153 1 1148 0 00 123 00 03 08 18 act_te 279 200 0 S 1 1149 1 1153 1 1148 0 00 82 00 03 08 18 lava Applet Window Open Positions Window By default positions that are opened for individual managed accounts are shown for the group G light blue records account only Account IDs for such accounts start with the letter m To show individual managed positions right click on the Open Position Window s headers and click on the Show Managed Positions command in the pop up menu to place or remove the checkmark next to its name Page 23 of 40 Internet Currency Trading System User Manual Place a Stop or Limit on an Open Position In the Open Positions Window right click anywhere on the record for the position you wish to add a Stop or Limit to or left click on the Stop or Limit field for the position you wish to modify If you left clicked on the Stop or Limit you will immediately see the Stop or Limit dialog
15. ing One Page 11 of 40 Internet Currency Trading System User Manual or Multiple Accounts and Setting the Default Trade Amount sections found above first Once you press OK your order is sent to the Dealer who can confirm reject or remove your order due to a change in market price While your order is being processed it is shown in the Trader s Orders Window marked with the letter I for Initiate Page 12 of 40 Internet Currency Trading System User Manual Order Confirmation If the Dealer confirms the order you have just placed the P record will disappear from the Trader s Orders Window and the newly opened position will be added to the Open Positions Window Your account information will be updated Page 13 of 40 Internet Currency Trading System User Manual Order Negotiation amp Processing If the position that is being opened is counter to or opposing an already open position for example an order to buy 5 lots of EURUSD when a position already exists that sold 10 lots of EURUSD then the opening of this opposing position will not be reflected in the Open Positions Window as a new position unless hedging is in effect see below under Hedging Positions Instead the opposing position will be fully or partially closed In the above example the already open position sell 10 lots EURUSD would be partially closed by 5 lots If the order
16. ing positions will be open Closing a position from the Dealing Rates window means opening an opposing position to one that is already open Begin by placing a Market Order with the Dealing Desk at the current displayed market price shown in the Dealing Rates Window Left click on a rate for the instrument or currency pair that you wish to trade under the column that corresponds to the trading action opposite to that of the already open position ie Bid Sell or Ask Buy You may also right click anywhere within any currency record in the Dealing Rates Window and select the Market Order command from the pop up menu Once the Market Order command is given by clicking on a rate or selecting Market Order from the pop up menu the Amount Input dialog box will appear You will see a confirmation of the type of trade you wish to execute Le Buying GBP Selling USD To place your Market Order enter the size of the trade in lots in the Amount field and the maximum automatically allowable deviation in price in pips in the Trader Range field Then click OK You may also click Cancel to cancel your Market Order If you are trading for multiple accounts read the Selecting One or Multiple Accounts and Setting the Default Trade Amount sections found above first Once you press OK your order is sent to the Dealer who can confirm reject or remove yout order due to a change in market price While your order is being processed i
17. nce Dialog Page 19 of 40 Internet Currency Trading System User Manual Changing the Rate of Pending Stop amp Limit Orders To change the order rate of a pending Entry Stop or Entry Limit Order right click anywhere within that Order s record in the Trader s Orders Window and choose the Change Price command from the pop up menu The Change Price dialog box will appear marked with the Order number for verification To proceed enter the new rate and click OK Click Cancel to cancel the change Order 350477 x Change price Amount bt Price 119 OK Cancel Java Applet Window Change Price Dialog Page 20 of 40 Internet Currency Trading System User Manual Setting Stops and Limits for a Pending Entry Order To set a Stop or Limit Condition for a pending Entry Order ES or EL right click anywhere within that Entry Order s record in the Tradet s Orders Window and choose either the Stop or the Limit command from the pop up menu The Stop Limit Price Input dialog box will appear Enter a new Stop or Limit price for this Order and click Submit to cancel the command click Cancel Once a new Stop or Limit rate is entered the pending order will be updated with the new Stop or Limit and will be triggered at that price xi 0 7088 lt 0 7099 Submit Cancel Java Applet Window Stop Limit Price Input Dialog Page 21 of 40 Internet C
18. ow In the new window choose the desired account number from the account pull down menu set the reporting period current for the day week month quarter year of since open for previous month or user defined by the from and till dates if till field is left blank the report will be generated up to the current time After you input the required criteria click the Report button and your report will be generated You can then save or print it for further reference Page 39 of 40 Internet Currency Trading System User Manual Generating Trading History Reports To generate a report of the last 30 closed positions right click anywhere within an account s record in the Account Information Window choose Trading History Report from the pop up menu and the report will be generated Again make sure that pop up blocking tools in your browser are deactivated as the report will open in a new window Page 40 of 40
19. ped or hit exactly Entry Stop and Entry Limit Orders allow traders to set up orders at desired off market rates to implement trading strategies without having to constantly monitor the market The Entry Stop order is designed to execute at a rate that is worse for the trader than the current market rate while the Entry Limit order is designed to execute at a rate that is better for the trader than the current market rate x You will be Selling GBP Buying USD Amount 1 Price h 5997 lt 1 5997 OK Cancel lava Applet Window Amount Input dialog box Mote specifically a stop limit will relate to the current price as follows Limit on a BUY position will be greater than the current market price Limit on a SELL position will be less than the current market price Stop on a BUY position will be less than the current market price Stop on a SELL position will be greater than the current market price To initiate an Entry Stop or Entry Limit order right click anywhere within the Dealing Rates Window and select the Entry Stop Order or Entry Limit Order from the pop up menu You will see the Amount Input dialog box enter your desired price and press OK You may press Cancel to cancel the order Once you have pressed OK a new order marked ES for Entry Stop or EL for Entry Limit will appear in the Trader s Orders Window If the Page 16 of 40 Internet Currenc
20. ssssssessesrissressressreeseesseesseesreess 16 Managing Pending Orders 18 Viewing Pendine Qrde iironanane ni aa a A 18 Changing the Rate of Pending Stop amp Limit Orders ssssssssesssssssssessressresseeesees 20 Setting Stops and Limits for a Pending Entry Orde 0 cccsssssessesesssesensess 21 Removing a Pending KEGEL cascada aisvacnaniov vans ayoew ears ins eateaesoatandeeNioca teasing 22 Managing amp Closing Open Positions 23 Vie Open POSTON eis eroste rae o EAS eane EE Iaa S OR EE AEIR TA A pee 23 Place a Stop or Limit on an Open Position sssssssssssessesresresreseessesressessesreenees 24 Close an Open Position from the Open Positions Window ccc 26 Close a Open Positions from the Summary Window ss sssesssesseesseeereesreesreess Zt Close Position Order Cont rite tsis tts ttescibeatehntanvin tehctedaentiealciatehieauels 28 Close Position Order Negotiation amp Processing see sseesseesseeersreeseeereesreessres 29 Hedge POSIMOM s2ysidh sicaasssidateantn ecard teat akbanenn Lacan sonatas a 30 Close Position and Its Corresponding Hedging Position cece 31 Managing Your Account s 32 Viewine Account I ORMAMOT At ai sr itatiute Mien dha ae aaa 33 Viewiie Matom Call PECES ainesosaa ainnis 34 Account ypes lani a a a a aia 35 Settine Group Namesknisnacnnaianon dnni aan 36 Viewing Managed ACCOUnts ssnin a a daii 37 Creating and Viewing Reports 38 Generating Account Statement RepottS es ssessssesseesseeeseeeseertesrresrr
21. t is shown in the Trader s Orders Window marked with the letter C for Close Page 25 of 40 Internet Currency Trading System User Manual Close an Open Position from the Open Positions Window Open positions can be closed from the Open Positions Window by left clicking on the Close field within the record for a position or by right clicking anywhere on a position and choosing the Close Position command from the pop up menu The Close Position dialog box will appear The Default Amount field will show the number of lots that this position was opened with Enter a new Default Amount for a partial close Enter a Trader Range or leave at 0 Press OK to close the position or Cancel to cancel the command amp Close Position X You are closing position 58 Amount al Price Trader Range f OK Cancel Java Applet Window Close Position Confirmation dialog box While your order executes it is shown in the Trader s Orders Window marked with the letter C for Close Now the position can either be confirmed for execution or be rejected due to market movement Page 26 of 40 Internet Currency Trading System User Manual Close a Open Positions from the Summary Window All positions in any instrument can also be closed from the Summary Window by right clicking anywhere on the record for the position s you wish to close selecting Close Position from the pop up m
22. tion record in the Open Positions Window and choose the Close Position command from the pop up menu or to set a Stop Limit on a position Page 30 of 40 Internet Currency Trading System User Manual Close Position and Its Corresponding Hedging Position The Close With Hedge option available from the Open Positions Window closes a position as well as its respective hedging position and is available for hedged pairs of positions only To execute this command right click anywhere on a position in the Open Positions Window and choose the Close With Hedge command from the pop up menu You will be presented with the Close With Hedge dialog box Input your Trader Range and or Amount in lots for a partial close and click OK to close both orders or Cancel to cancel the command xi You are closing with hedge position 56 Amount 1 Price Trader Range fo OK Cancel Java Applet Window Close With Hedge Dialog Page 31 of 40 Internet Currency Trading System User Manual MANAGING YOUR ACCOUNT S The main source of information about your account is the Account Information Window If you are trading multiple accounts you can see open positions by all or selected accounts in the Summary Window In addition to account information and position by account information the Account Information Window and Summary Window give you access to grouping and reporting functionality Page 32 of 40
23. ual select the User Manual option from the View menu For information about the system name and version you will need when making technical support queries select the About option in the selfsame View menu Please make sure that pop up blocker tools in your browser are deactivated as they will block these new windows TIP Access the User Manual through Help Page 6 of 40 Internet Currency Trading System User Manual NOTE The ICTS trading screen is designed to make it easy to open close and control your positions as well as to track your positions value view information about the market and reference your account information in real time In the following sections you will learn to open positions market orders and place stop limit orders then we will deal with pending orders and finally manage positions that are already open for example placing stops and limits and closing positions Please note that the instructions in the Placing Orders section are applicable to opening not closing positions Page 7 of 40 Internet Currency Trading System User Manual PLACING ORDERS TO OPEN POSITIONS In this section we will cover the act of placing a market order to open one or multiple positions Orders to close open positions as well as the modification of existing positions will be covered in the Managing and Closing Open Positions section Reviewing the Rates Begin by reviewing the c
24. urrency Trading System User Manual Removing a Pending Order If you wish to remove an order that has been placed but has not yet been executed right click anywhere within that Order s record in the Tradet s Orders Window and select the Remove Order command from the pop up menu You will see the Confirmation Prompt Press OK to remove the order ot press No to cancel the action confirmation Q Do you really want to remove order 63 Java Applet Window Confirmation Prompt Orders that can be removed include Market Orders I C Entry Stop and Limit Orders that have not yet been triggered and Limits and Stops that have not yet been triggered Page 22 of 40 Internet Currency Trading System User Manual MANAGING amp CLOSING OPEN POSITIONS View Open Positions All open positions are displayed in the Open Positions Window while the Summary Window shows a summary of all open positions grouped by selected account s From the Open Position Window you can view the information for every open position including size applicable rates charges stops limits profit and loss on this position etc For more information about the fields in this and all other windows please consult the Functionality Specifications By right clicking on the Open Position Window s headers you can choose to show or hide columns choose how the positions are sorted and refresh the window You can also c
25. urrent rates The Dealing Rates Window displays the current live executable rates from the Dealing Desk by instrument or currency pair as well as the time of the last update Trades are executed from this window The Currency Reference Rates Window contains historical information per instrument or currency pair including the last executed bid ask prices daily high bid low ask price and the overnight premium The Rates Monitor Window also displays both historical and current tick rates for whatever instrument or currency pair is selected in that window Page 8 of 40 Internet Currency Trading System User Manual Selecting One or Multiple Accounts Before you place your order to open a position select the account or accounts that you will be using for this trade in the Account Information Window If you are trading multiple accounts you can select the accounts you would like to open positions for in the Account Information Window To select adjoining accounts click on the first with your mouse then hold and drag across the accounts you wish to select To select accounts one by one or to de select accounts that have already been selected hold the Control key and click on the accounts you wish to select or deselect ioixi File View Window Help OPEN ONLINE 09 11 0315 49 amp Account Information TRADER 101 Login ID act_test Bx co Tom omen Tean fuae Tumae Tee Tor om me Tm Dare ok ong Tor i oo fact test
26. ve sufficient usable margin to open the position the order will be rejected for that account but will proceed for the other selected accounts Page 9 of 40 Internet Currency Trading System User Manual Setting the Default Trade Amount Every time you execute a Market Order you are asked the amount of units or lots that you would like to trade The default quantity is 1 lot If you would like to set a different default amount you can do so independently for each trading account In the Account Information Window left click the DA field for the account for which you wish to set the new default trade amount The Default Amount dialog box will appear Enter the amount of lots that will be traded on this account by default then click OK amp 101 Default Amman fi OK Cancel Java Applet Window Default Amount dialog box Page 10 of 40 Internet Currency Trading System User Manual Placing a Market Order To place a Market Order with the Dealing Desk at the current displayed market price shown in the Dealing Rates Window left click on a rate for the instrument or currency pair that you wish to trade under the column that corresponds to the trading action you wish to take i e Bid Sell or Ask Buy You may also right click anywhere within any currency record in the Dealing Rates Window and select the Market Order command from the pop up menu NOTE A Buy or Ask Market Order on
27. y Trading System User Manual matket rate reaches the rate specified in the order the Dealer will execute this order and the order will move from the Trader s Orders Window to a position in the Open Positions Window The rules of opposing positions apply to triggered stops limits in the same manner as to any other order to open a position See the Hedging Positions section above for more information 51x File View Window Help OPEN ONLINE 08 26 03 16 34 six 1 0850 03 08 26 16 05 ps Rae S e 101 acttest_e 316 1 flava Applet Window EDD Trader s Orders Window You can remove Market and non triggered entry orders change prices and set stops and limits on non triggered entry orders Page 17 of 40 Internet Currency Trading System User Manual MANAGING PENDING ORDERS Viewing Pending Orders All orders that are pending whether made by the Trader Dealer or the System including Market Orders awaiting Dealer approval Entry Stop and Entry Limit Orders Margin Call Orders and Stops Limits on existing orders are displayed in the Trader s Orders Window Orders in the Trader s Orders Window ate color coded based on their status ot Condition ES Entry stop White EL Entry limit White The Trader s Orders Window has four display modes for ease of use in each mode the Window displays a different set of orders Show All S L Shows all pending orders
28. you have just placed is rejected due to changing market conditions the I order in the Trader s Orders Window will be replaced by a new order matked R for Reject This new order will show the new market price Unless the new price is within the Trader Range of the original price see note right you will then be presented with the Order Rejected dialog box which notifies you of a price change and displays the new price You will have several seconds to either accept this new price by clicking the Accept New Price button or to remove order by clicking the Remove Order button If no option is selected in the Order Rejected dialog box within the time shown the order will be removed by the system and you will be notified by the Information prompt An order may be removed due to a change in the market conditions If this occurs you will be notified by the Message from SYSTEM prompt amp Order 4207 Rejected p Market price on EURGBP has changed New price is 0 6132 Please confirm or reject the new price immediately Your order will expire within 19 seconds Remove Order hmar SCs Order Rejected dialog box xl E Reaction time has expired Rejected order to Buy USDJPY at 119 28 was cancelled by the system due to market price change Jaya Applet Window Information Prompt Out of time Message from SYSTEM xi G Your order 54 to Buy USDIJPY at 119 26 has been removed by dealer
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