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Fusion DMA Manual 4.5.10.8

1. Time Symbol Order Time OrderID 11 32 11 11 30 33 11 08 13 10 59 55 10 58 56 Contra Trade PEL Total P amp L 23 AECA 11 32 11 11320004 o 115 24 400 a ARCA 11 30 32 11300025 o 113 24 00 100 131 70 ARCA 10 58 46 103800203 23 38 113 24 200 100 131 66 ARCA 1 59 10 10590005C 19 38 91 56 300 131 68 ARCA 10 58 52 10580024 21 35 12 45 1 68 arca icise s2 uossoozed 2100 si0 sol 10 58 52 SELL 100 SPY 131 6800 ARCA 10 58 56 SOLD 100 SPY 131 6600 ARCA Pos Size Orders Executions Cancels Positions All locates Time Time the trade was executed Order Time The time the order for the executed trade was placed Symbol Symbol of stock being executed Side Indicates whether the execution was to Buy Sell or Sell Short Size The amount of shares executed Price The price at which the trade was executed Contra Displays the exchange or venue where the trade was executed Order ID The identification number assigned to the executed order by the Fusion DMA system Trade P amp L Reflects the amount of profit or loss realized as a result of the execution Total P amp L Reflects the total intraday P amp L for all trades as a result of the execution Pos Size Total size of the position as a result of the execution Executions Right Click Options Settings See Settings Menu above Settings P Select Columns Change Font Change Colors Link
2. Closed PRL Exposure SOT open cha ETT oper oT TrueNetexp MES 75 occreq BEES EES acc Equity ETS Time Symbol Side Size Executed Price Contra TIF Size Remai OrderID OrderRef Stop Price 10 24 23 Spy seu aoo ol 131 90 GT 100 10240026 10 24 18 SPY 100 D 131 80 ARCA GTH 100 10240021 a aad BUY 100 SPY 131 4000 ARCA k Orders Executions Cancels Positions All Locates Time Time the order was placed Symbol Symbol of stock being ordered Side Indicates whether the order is to BUY Sell or Sell Short Size The amount of shares being ordered Executed Displays how many shares of the order have been executed Price Specific Price of the order being sent when using a Limit Order Contra Exchange or Venue to which the order is being sent such as ARCA INET SUMO SDOT etc See Order Entry TIF Time in Force Refers to the order s duration See Order Entry Size Remaining Displays the number of shares of the order that have not yet been executed or the difference between Size and Executed Order ID The identification number assigned to the order by the Fusion DMA system Stop Price Specific stop price of the order being sent when using a Stop Market order SDOT only See Order Entry Order Ref The identification number assigned to the order by the Exchange acknowledging its receipt of the order 2012 Fusion Trading Solutions Page 61 Fusion DMA Man
3. 2012 Fusion Trading Solutions Page 17 Fusion DMA Manual 3 Duration e Use Duration When this box is True orders will be automatically populated with the time in force shown in the window Duration e Duration Use the dropdown arrow at the right side of the window to select the desired order duration Settings Defaults tenues Selection x 4 Venues Selection Available Venues Selected Venues The settings in this area allows the trader to select the Venues available to toggle though when using the various Venue Keys see Settings Keyboard To add a Venue to the selected list Left click the desired Venue in the Available column then use the arrows between the Available and the Selected columns to move the Venue to the Selected column Use the arrows at the right side of the picker window to change the order in which the Venues are displayed Uk Cancel 5 Order Strategy e Listed e Destination When this box is True orders for Listed on the New York Stock Exchange stocks will be automatically populated with the Destination shown in the window below Use the dropdown arrow at the right side of the window to select the desired order destination Settings x d A Basket Colors Connections Defaults Keyboard Size Increment Yalues Duration Yenuez Selection E Order Strategy El Listed E Destination Use Destination False Destination None O Order T
4. e For Partially Completed Orders the details are listed in the following columns Sent Sizes Pending Sizes Wait to Execute gt Confirm Orders when checked brings a pop up message to confirm the orders when condition is activated 2012 Fusion Trading Solutions Page 102 Fusion DMA Manual Pair Trading Details PT20110311174938274 O X ARBITRAGE MIO x Bid of WMT 1 x Bid of TGT lt 0 If 51 53 lt 0 1 SYMBOLI 1 x Bid of WMT 0 Operator cde e a pan Cash a Sii al gt a minus gt MO divided by 2 SYMBOL2 1 x Bid of TGT 51 53 Comp Spread Stock Option Times DBid Orius Cash lt Actual 51 53 Ask ibid lt Required ali gt i minus SEED O gt equire ast ee gt Evaluation True Buy WMT 100 on INET 0 vs Sell TGT 100 on INET Bid 3 ORDERI Buy WMT 100 Shares on INET Bid Price Modifier Bid Side Size Ask 2 su O Buy RY Shares Midpoint ASE 7 Sell Last Destination Short E of Order2 Size secuti MKT INET z 4 ORDER Z Sell TGT 100 Shares on INET Bid TGT 51 53 51 70 3x1 es Modifier e p a O s nx bw E spin Corn yy Shares Midpoint Sell Last Destination Short Z of Orderl Size ccs MKT z OK Save Reload Reset Details Cancel 1 Symbol 1 Conditions Stock Symbol Multiplier Bid Ask Last Plus or Minus dollar value Operation to compare with Stock 2 2 Symbol 2 Conditions
5. Fusion DMA Manual CME The Chicago Mercantile Exchange Commodity A bulk good such as grain metal cotton and coffee Consumer Price Index The gauge of US inflation Cost Basis The cost of a given share or group of stock shares Cover Purchasing back a contract sold earlier Covered Write Writing a call against a long position in the underlying stock By receiving a premium the writer intends to realize additional return on the underlying common stock or gain some element of protection limited to the amount of the premium less transaction costs from a decline in the value of that underlying stock Crack Spreads The spread between crude oil and its products heating oil and unleaded gasoline plays a major role in the trading process Credit spread Applies to derivative products Difference in the value of two options when the value of the option bought is less than the value of the one sold One buys a credit Spread CUSIP The number assigned by the Committee of Uniform Security Identification Procedure that appears on all securities documents Each security is given a number so that it is easily identifiable Cyclical stocks Stocks whose success is closely linked to the rise and fall of the general economy Automobile companies are cyclical stocks D Daily Range The difference between the high and low price during one trading day Day order An order to buy or sell a stock at a specific price but expires at the e
6. Manual Pre Market lINGICALIONS 2 aca oidet N 86 Marketi MDa ANCES tics arabic 88 SECUN STATUS orne en a aa tia 90 PICE AIOE S asussa ri AO EE EE e E aT 92 TEAMAJ STO Dr AAA Ai 97 Pairs Trading Manage essa estan eaRiA ESA RENA ERA 102 TOta MOVGS asc sate orcsueacandsatncockuweesec E E NE EEO CESE 106 UD MOVOS ida NEOA EEE E AE A OE 107 DOWNOV S G arean r Seriado ici 108 MMS o a 109 TOD NOMS pr A han aaa de Sete onl decease 110 TODAS rara id T E 111 TONOS ES o o il 113 Top Percentage Galne Sumar ai 115 TOD Percentage OSOS cit aae aa kian DEADE OIEA A AA 117 TOP po 1010 y lt on PACO oo A 119 New Mons and LOWS cia ai 121 CrO Sa LOCKE ON pacotilla 123 AS o de OT 124 OPONE Misa a o asa 126 ON do ee eee oe ee ee eee 130 UME AnNa Salesianos 134 RISKMONICO csie ane anene a a S 136 SA cuaanencrutatecceatepoeueteatucensnencruterate AN 139 Message Contar acierta 141 Instant MESSAGE vdd a aida 142 Reference cc nanna 143 ADDenOIX A GlOSSONY i ariei aE A T AAA EKAN EKES 143 2012 Fusion Trading Solutions Page 3 Fusion DMA Manual Introduction Fusion DMA is a powerful proprietary trading platform offering lightning fast order entry and trade execution real time level level II quotes rich market data integrated news charts and analytical tools All within an easy to use yet highly customizable interface Our proprietary smart order routing technology automates order execution decision making strategies offeri
7. Show Order Summary Checking this will cause data to be displayed in an abbreviated Summary format Sort on Header Click Allow the user to sort data by clicking on column headers Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked Drag amp Drop Allows user to left click hold and drag items into the window when checked Show 4 Decimals in Price Displays prices carried out to 4 decimal places when selected Copy to Clipboard Copies data from the selected window to the clipboard for pasting into other windows and applications such as a spreadsheet Linked Symbol on Top Brings current symbol selected in Market Maker and or Personal Stock Sorter to the top of the list in all Trader View window Tabs Real time Sort Allow the user to view sorted data in real time by clicking on column headers Show Filter Bar Displays column headings allowing custom search criteria wildcards accepted 2012 Fusion Trading Solutions Page 63 Fusion DMA Manual Executions Tab When this tab is selected the Trader View window will show all pertinent data pertaining to Executed trades The data columns available for display on the Execution tab are cereal Closed PEL e 52 Fii Open Shares Open P amp L TrueNetExp ARE OCCReg Acc Equity Side
8. Add 75 Sends a market order for an amount of shares that will increase the size of the position by 75 percent rounded up to the nearest 100 shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Add 100 Sends a market order for an amount of shares that will increase the size of the position by 100 percent rounded up to the nearest 100 shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Buy Sell to Basket Places all selected stocks into a Basket Order Entry window see Basket Order Entry Show Totals When this is selected an addition row will appear at the bottom of the Personal Stock Sorter displaying totals of data elements related to actual intra day trading activity Show Commodity List Function currently inactive Settings see Settings Menu Save Stock List Selecting this will allow the user to save the current list of stocks in the sorter for later use To Save a list type the desired name of the list into the File name window Save as type must ALWAYS be stk for stock lists 2012 Fusion Trading Solutions Page 57 Fusion DMA Manual Load Stock List Selecting this allows the user to load previously saved stock lists To load a list browse to it using the Open window After locating the saved list select it by left clicking then click the Open button Sav
9. B e Show NYSE w Show AMES hara gt Show OTC BE BAC No Symbol Link F Change Font P Link 1 w Fixed Font WM Link 2 HL Change Background Color MB Links WYNN Ol tink GE E Links LNG E Link 6 LYS es T T P Links E Links FXE E Link 10 GDxXI MON PLX This window is a real time streaming market filter that displays the stocks in which the most prints are currently occurring from most active to less active Right Click Menu e Show NASDAQ Checking this displays stocks traded on the NASDAQ exchange e Show NYSE Checking this displays stocks traded on the N Y Stock Exchange e Show AMEX Checking this displays stocks traded on the American Stock Exchange e Show OTCBB Checking this displays stocks traded on the Over the Counter Bulletin Board exchange Y Un checking any of the above will filter them out of the display e Link This allows the Print Moves window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2012 Fus
10. BRK A 1 570 002 No Symbol Link AGO 18 62 Change Font Link 1 w Fixed Font E Link 2 EPD 10 64 Change Background Color WM Links WIM 6 92 p 6 P Link 5 MCPSA 6 68 O Links SPH 6 31 lik A Links Sal 6 2 7 Links CEO 6 00 MM Link 10 DZK 5 42 PPLT 5 38 JJS 5 26 XIV 5 08 PVD 5 00 AMG 4 70 MTO 4 48 UDOW 4 47 BAL 4 37 UCO 4 36 EMLB 4 32 gt Right Click Menu e Settings See Settings Menu e Link Allows Top Losers window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2012 Fusion Trading Solutions Page 113 Fusion DMA Manual Top Losers Settings Time Span Price Price Range 2 2 Minutes 3 Minutes Min 0 Max 0 Min 0 Max 0 15 Minutes 5110 Minutes Average Volume Change 315 Minutes hd Min 0 Pl qu O Mir 0 blax 0 520 Minutes 930 Minutes 45 Minutes Volume Rate Exchange 60 Minutes r woo eo NYSE NASDAQ in Day En FAME FJOTC Stock Court 20 O
11. FUSION DMA User s Manual FUSION TRADING SOLUTIONS 100 Fifth Avenue e 7 Floor New York NY 10011 Phone 212 531 8500 e Fax 212 367 8567 Email info fusionts com Fusion DMA Manual Copyright Notices 2012 Fusion Trading Solutions All rights reserved This manual software and firmware described in it are copyrighted You may not reproduce transmit transcribe store in a retrieval system or translate into any language or computer language in any form or by any means electronic mechanical magnetic optical chemical manual or otherwise any part of this publication without express written permission Software License Agreement License A copy of the Fusion Trading Solutions Software License Agreement is included in the New Account Documents and provided for your reference only By copying using or installing the software or the product you agree to be bound by those terms Trademarks The Fusion logo and Fusion DMA are trademarks of Fusion Trading Solutions Other product names mentioned herein are for identification purposes only and may be trademarks and or registered trademarks of their respective companies Specifications subject to change without notice Revised 5 7 2012 2012 Fusion Trading Solutions Page 1 Fusion DMA Manual Fusion DMA User Manual aiigole Ulci cl err rbd rrr ere reer Te 4 About Manual cccccccpemeseansceeeannneaeeesecsaararcemaeenereeeeear
12. Resume Pairs Trading Highlight the saved Pair Trading algorithm press Resume to resume trading Clear Pairs Trading previously Activated and Completed w Show Horizontal Lines wf Show Vertical Lines Drag Drop Space Evenly For Buttons w Show Warning Messages w Get Automated Mames For Copies Always on Top Clears info of highlighted Pair Trading algorithm which were Reset Multiplier Highlight the saved Pair Trading algorithm press Reset Multiplier to revert back to default of 1 Confirm Orders Checked brings a pop up message to confirm the orders when condition is activated Settings See Settings Menu 2012 Fusion Trading Solutions Page 104 Fusion DMA Manual Settings This menu may be accessed by right clicking in the Pairs Trading Manager window area then Settings Save Default Settings Selecting this saves the current layout of the Pairs Trading Manager window Load Default Settings Selecting this loads and applies a previously saved layout of the Pairs Trading Manager window to a newly opened Pairs Trading Manager window Select Columns Selecting this will open a Columns Picker window which will allow the data to be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker win
13. Set Price Alert Clicking this will allow to set a customized price alert Always on Top Checking this will keep the window from being covered up by any other windows Market Maker Settings This menu may be accessed by right clicking in the Market Maker window Level area then selecting Settings Show e Only Primary Market Choosing this will filter out all other exchanges except the primary exchange on which the stock is traded For example when viewing NYSE listed stocks only the NYS quotes will be displayed e Group Level by Basis Points Will display each level of the market maker based on your group level basis set under market settings Example a basis of 05 will group each level by 05 increments e Symbol Inside Buttons When checked stock symbol will be displayed inside click entry buttons e Prints Checked on by default Checking un checking this will display or hide the prints actual executed trades that are taking place for that stock When checked on prints will appear to the right of the Level II Bid Ask columns e Position Line Checking this will show a position line in Level II to reflect your average price of current position Order Box Position e Bottom When selected order boxes generated by the use of assigned box order keys will appear at the bottom of the Market Maker window 2012 Fusion Trading Solutions Page 51 Fusion DMA Manual e Top When selected order boxes g
14. Size fields in order windows For example If this value is set at 1000 clicking the small up down arrows will increase decrease size by 1000 shares Custom Reflects the amount of change that will be effected by clicking the hotkey assigned in Keyboard Tab in MM windows For example If this value is set at 2000 clicking the Increase Decrease Size to Next Custom will increase decrease size by 2000 shares Settings x 4 p Basket i Colors Connections Defaults Keyboard gt Size Price O Increment alues A Size Small 100 Big 1000 Custom 0 A Price Small 0 01 0000 Big 0 100000 Custom 0 000000 Small Reflects the amount of change that will be effected by clicking the small arrows located on the right side of the Price fields in order windows For example If this value is set at 01 clicking the small up down arrows will increase decrease price by 01 cent Big Reflects the amount of change that will be effected by clicking the large arrows located on the right side of the Price fields in order windows For example If this value is set at 05 clicking the small up down arrows will increase decrease price by 05 cents Custom Reflects the amount of change that will be effected by clicking the hotkey assigned in Keyboard Tab in MM windows For example If this value is set at 0 10 clicking the Increase Decrease Price Custom will increase decrease price by 0 10 shares
15. 12 10 400 117x20X0MJAM19 1375 8 50 8 75 47 x9 9 20 9 45 700 __248 x 64XOM JAN 19 1380 10 85 11 00 20 x 1 6 85 7 20 O 203x48 KOMIJAN19 1985 13 60 13 75 20 x 2 ga e Underlying Security Last price Net Change Last Print Volume Bid Ask Price Bid Ask Size e Call Bid Ask Call Option Current Bid Price and Current Ask Price bid ask spread Ifa trader was looking to sell or write an option the trader would receive the listed bid price for that option e Call Volume Number of Call Option contracts traded during the trading day e Call Size Call Option Current Bid Size and Current Ask Size e Series Option Symbol Expiration Month Strike Price exercise price e Put Bid Ask Put Option Current Bid Price and Current Ask Price bid ask spread e Put Volume Number of Put Option contracts traded during the trading day e Put Size Put Option Current Bid Size and Current Ask Size 2012 Fusion Trading Solutions Page 126 Fusion DMA Manual Option Chain Right click Menu This menu may be accessed by right clicking in the Option Chain window Sort by Down d E Refresh Up amp Down P 4 wt m Save Option List 5 ve Option List Save Default Settings E Load Default Settings 7 Settings Always on Top E 10 e Range Allows to view all expirations and strike prices e Sort by Month Strike e Refresh Reloads the option chain without closing the window e Save Option List Saves th
16. 43 29 CLF 97 360 4 32 ARB F 2 5028 0 1597 HO F 27 9435 0 1148 WG F 3 9460 0 0470 F 1 395 0 33 10 EUR AO FX 1 5999 0 0012 The Indices Bar will display all the major indices that monitor the markets The symbology for Indexes is a followed by the symbol For Futures it is the symbol with a Space followed by the month code followed by the last digit of the year You can also use F in place of month and year to view the non expiring futures contract See Examples below Dow Industrial Average INDU NASDAQ Composite Index NYSE Composite S amp P 500 Futures NASDAQ Futures Crude Oil Light Sweet Futures Natural Gas Gold Silver Copper Volatility Index CBOE NYSE Total Volume NASDAQ Total Volume NYSE Cumulative Tick STICK NASDAQ Cumulative Tick STICKQ EURO cross rate to US Dollar EUR AO FX 2012 Fusion Trading Solutions E E El L LI Mo Symbol Link Link 1 Link 2 Link 3 Link 4 Link 5 Link 6 Link 7 Link 8 Link 3 Link 10 Select Indices xX Remove Indices Row 1 6 4 OR Lancel Page 124 Fusion DMA Manual Right Click menu Add Indices Brings up the Add Remove Indices window Link Allows Indices window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable win
17. Hook Day A trading day in which the open is above below the previous day s high low and the close is below above the previous day s close with narrow range Implied Volatility The volatility computed using the actual market prices of an option contract and one of a number of pricing models For example if the market price of an option rises without a change in the price of the underlying stock or future implied volatility will have risen In the money A put option is in the money if its strike price is higher than the underlying stock option or future a call option is in the money if its strike price is lower than the underlying stock option or futures contract For example if the IBM is trading at 99 the IBM January 90 2002 call is 9 points in the money 2012 Fusion Trading Solutions Page 147 Fusion DMA Manual Income Dividends Payments to mutual fund shareholders consisting of dividends interest and short term capital gains earned on the fund s portfolio securities after deduction of operating expenses Income stock A stock that generally grows more slowly than the S amp P 500 pays a dividend and will produce long term profits Index A quantity whose variation represents market fluctuation The Standard amp Poor s 500 index measures the overall change in the value of 500 stocks of the largest firms in the US Initial Public Offering IPO The first time a company sells stock to the public An IPO is a type of a
18. Personal Ticker from the dropdown menu The Personal Ticker may be used to view tick data on stocks entered into the window by the user Personal Ticker O X Select Ticker x IBM 17 00 12 SPY 199 01 133 40 x 193 02 509 x 82 ARCA Low Offer o dd Remove 17 00 40 SPY 189 02 133 40 x 139 02 509 x 30 INET Low Offer SPY 17 02 10 SPY 199 02 189 40 x 199 02 509 x 30 INET Low Offer 14 AP l iG I 19 x 401 IN MI UTET Adding stocks to be viewed in the Personal Ticker can be done by following these steps First right click in the Personal Ticker window and choose Add Ticker When the Select Ticker window opens type the symbol into the window provided and then click the Add button to add it to the ticker list To remove a symbol from the list click the symbol on the list and then click the Remove button Po OK Eancel The data displayed in the Personal Ticker window can be selected by clicking on the word Settings at the top of the Fusion DMA login window and then clicking the Trading tab Use the dropdown menu to the right of the words Ticker View to select one of the following options See Settings None When selected the Personal Ticker window will not show any messages Inside Changes When selected the Ticker window will display any inside changes for the stocks you currently have on the ticker list In
19. Security Status Columns Picker window which will allow the data that is displayed in the Security Status window to be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click OK to close the picker window and set changes Change Font Opens a window that allows the user to change font style and size Click OK to close window and set changes Sort_on Header Click Allow the user to sort data by clicking on column headers Security Status Columns Picker x Selected Columns Symbol Prev Time Curr Time Prev Status Curr Status Halt Condition Available Columns gt gt lt lt Ok Cancel Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked Drag and Drop Allows user to left click hold and drag items into the window when checked 2012 Fusion Trading Solutions Page 91 Fusion DMA Manual Price Alerts Window Price Alerts may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Price Alerts from the dropdown menu The Price Alerts window is divi
20. Settings to Market Sweep Trader Keys Keyboard Trading P Check Spread Hunt Algorithm Pay thru Amount Sounds for Executions El Buy Use Sound for Buy Sound File for Buy o E E El Play Sound File for Buy A Sell Use Sound for Sell Sound File for Sell Play Sound File for Sell El Short Use Sound for Short Sound File for Short Play Sound File for Short El Cover Use Sound for Cover Sound File for Cower Play Sound File for Cover False False False False E 5 Never Route Orders Outside Orders sent to the destinations marked True will only be executed within that destination r Settings 4 ia Market Sweep Trader Keys Keyboard Trading Check Spread Hunt Algonthm Pay thru Amount Sounds for Executions Oe E El El Hever Route Orders Outside ARCA BATS BATY CES EDGA EDLs MITEEDGE NSO INET NSOQBsBOSH MSO PePHLS NYSE SDOT Preference Orders All Orders 2012 Fusion Trading Solutions False False False False False False False False False False False True False E Page 42 Fusion DMA Manual 6 Preferences 2012 Switch Buy Sell Orders When marked True and new Market Maker window is opened buttons will now be switched on Click Entry Switch Stop Price Size Switches price and size on the Stop order keys Use Quick Lot Keys For Stop Allows the quick lot keys under Keyboard to be used with the Stop box
21. Side BUY Size 0 z F 4 0 a aj dge Type Limit Reserve o 33 None FIED E Duration Da Bid Ask Big Small Bid Big GP ou Booth El Ask Smal 0 00 Click Entry El Hone Custom lo 1 ARCA BOX LIMIT BUY BID DAY HIDDEN b ddHewKeyd ipdateKkey Delete Key learn Shortcub 1 Name Description Shortcut Key Key Code Destination Side Typ Join BID 3 TRADER_ Ef ARCA BUY LIMI r OF Cancel Apply e Name Choose a name for the key to be created and type it into this field e Description Type a brief description of the key s function in this field e Shortcut This window will display the Key or Key combination that will be assigned to the command To populate this field simply move the cursor into the window and strike the key keys that will be assigned to the command e 1 Info Buttons Clicking these buttons will open an Information window containing pertinent info about the selected Key such as Name Info and Shortcut Key Info 2012 Fusion Trading Solutions Page 37 Fusion DMA Manual Save Key After setting all the desired parameters for a Trader Key Click this button to assign the Key Undo Changes Click this button to undo last changes made to Key settings Clear Fields Clicking this will clear all the fields and settings Left Right System Keys When this box is checked separate key commands may be set using the System Keys Shift Ctrl Alt o
22. Stock B A L dollar value Comparing using lt lt gt gt to the required spread depending on individual algorithm 3 Order 1 Placing the order for Stock 1 Buy Sell Short Lot Size Price Adjustments Up Down in dollars or percent Destination to route the order of Order 2 For two simultaneous orders On Orderl AND Order2 keep both checkboxes unchecked To Bid First On Bid Order which could be either Orderl or Order2 keep both checkboxes unchecked AND on Offer Order which will be the other Order check both checkboxes 4 Order 2 Placing the order for Stock2 Buy Sell Short Lot Size Price Adjustments Up Down in dollars or percent Destination to route the order of Order 1 To Offer First On Offer Order which could be either Orderl or Order2 keep both checkboxes unchecked AND on Bid Order which will be the other Order check both checkboxes 2012 Fusion Trading Solutions Page 103 Fusion DMA Manual 5 Details Brings up the details of the Arbitrage statement such as the one below Pair Trading Details META x Bid of WAT 1 Bid of TOTI lt OF then fBuy WMT 100 Shares on INET Bidi vs Sell TGT 100 Shares on INET 2 Bic Pairs Trading Manager Right click Menu This menu may be accessed by right clicking in the Pairs Trading Manager window area New Pair Trading When selected opens a new Pair Trading Details window Open Pair Trading Highlight the saved Pair Trading
23. The amount of shares of the canceled order Price Specific Price that the cancelled order was sent when using a Limit Or Stop Market order Contra Displays the exchange or venue where the cancelled order had been sent Order ID The identification number assigned to the cancelled order by the Fusion DMA system Cancels Right Click Options Settings see Settings Menu above 2012 Fusion Trading Solutions Page 65 Fusion DMA Manual Positions Tab When this tab is selected the Trader View window will show all pertinent data pertaining to Positions The data columns available for display on the Positions tab are Trader Yiew em Closed P amp L posure ESTEE Open Shares Open P amp L TrueNetExp OCCReg Acc Equity Symk Side Size aiey Price Del aK pent F Closed P amp L ak Total P amp I aE Used Total 5h abet B Average Sel Total Buy Total Sell OCC Reg sel 13173 1 100 900 Orders Executions Cancels Positions All Locates Symbol Symbol of the stock Side Reflects whether the position is Long or Short Size The amount of shares held in the position Price The position s average price Price Delta The per share monetary margin by which the position is up or down Open P amp L The amount of profit or loss currently being realized by the open position the difference between position price and the last trade times the number of shares of the position Closed P a
24. click OK button to apply changes and close the settings window 2012 Fusion Trading Solutions Page 120 Fusion DMA Manual New Highs Lows Window This window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting New Highs Lows from the dropdown menu This window is a real time streaming market filter that displays new intra day highs and lows for all stocks traded on the NASDAQ NYSE OTCBB and AMEX exchanges New Highs and Lows Settings No Symbol Link Change Font Link 1 Fixed Font MW Link 2 Change Background Color WM Links Link 4 Links Link 6 P Link P Link S MW Links E Link 10 Right Click Menu e Settings See Settings Menu e Link Allows New High and Lows window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2012 Fusion Trading Solutions Page 121 Fusion DMA Manual New Highs and Lows Settings Show Exchanges Symbols F
25. customized to the trader s preference Description Branch Use the arrows between the Available i Aita Columns and the Selected Columns Opt Exp Opening Equity to choose the data to be displayed o gt gt T A Use the arrows at the right side of the Short Exp Closed PEL picker window to change the order in pued EE e aiid PEL 5 i j oF r ores which the data is displayed Click Ok Short Exp MOC Open Shares to close window and set changes Net Exp MOL Total P amp L Change Font Opens a window that ii HAA AE EAU allows the user to change font style House Req and size Click Ok to close window oe and set changes Max OCC Time Sort_on Header Click Allow the user ina c N to sort data by clicking on column MaxO CCR atioT in headers Exp Ratio Max Exp Ratio Real time Sort When this is selected the Stock Sorter will automatically MaxE xpF atioT im True Long Exp arrange the order of the stocks ie eng displayed on the list based on real time Excess BP data a Loss Hide Header Display Hides column Platfornn headers when selected Grose Loss Firm Show Horizontal Lines Displays lines MPID between horizontal row items when Net Exp OCC Reg checked Show Vertical Lines Displays lines between vertical columns when checked True Exp OF Cancel Drag and Drop Allows user to left click hold and drag items into the window when checked Customize Filter Function cu
26. or fund will rise to a greater extent than the market likewise when the market falls the stock or fund will fall to a greater extent A beta lower than 1 0 indicates that the stock will usually change to a lesser extent than the market The higher the beta the greater the investment risk A stock with a beta of 1 25 is expected to move 1 25 times the market excess returns e g if market excess return is 10 then we expect on average the stock return to be 12 5 Bid price The price one is willing to pay for a security Black Box A proprietary computerized trading system whose rules are not disclosed or readily accessible Black Scholes option pricing model A model for pricing call options based on arbitrage arguments Uses the stock price the exercise price the risk free interest rate the time to 2012 Fusion Trading Solutions Page 143 Fusion DMA Manual expiration and the expected standard deviation of the stock return Developed by Fischer Black and Myron Scholes in 1973 Block Large quantity of stock or large dollar amount of bonds held or traded A block is generally defined as 10 000 shares or more of stock and 200 000 or more worth of bonds Bond A debt security that pays a set amount of interest on a regular basis Investors make loans to issuers such as corporations or the government in return for the interest Issuers also promise to pay back the loan to the lender Book value per share The accounting value of
27. principally the American Stock Exchange AMEX but also the New York Stock Exchange NYSE and the Chicago Board Options Exchange CBOE Ex dividend date The first day of trading when the seller rather than the buyer of a stock will be entitled to the most recently announced dividend payment The date set by the NYSE and generally followed on other U S exchanges is currently two business days before the record date A stock that has gone ex dividend is denoted by an x in newspaper listings on that date Exercise The process by which the holder of an option makes or receives delivery of Shares of the underlying security Exit The point at which a trader closes out of a trade Expiration The last day on which an option can be traded Exponential Moving Average The EMA for day D is calculated as EMAp aPRp l oEMAp_1 where PR is the price on day D and a alpha is a smoothing constant Usas Alpha may be estimated as 2 n 1 where n is the simple moving average length Another form of the formula is PMAp EMAp_ite FRp EMAp_1 F 52 week high 52 week low The highest lowest price for a stock during the past year Fade Selling a rising price or buying a falling price A trader fading an up opening would be Short for example Fair Values The theoretical prices generated by an option pricing model i e the Black Scholes option pricing model Federal Deposit Insurance Corporation A self sustaining independent executive ag
28. 00 NYSE IBM Briefing corm Gapping down 03 16 11 08 30 00 NYSE IEM MidnightTrader Analyst Actions IBM Off 196 in Pre market on Downgrade to 0316 11 07 57 00 NYSE IBM FliyOnThewall IBM downgraded to Market Perform from Outperform at Bern 03 16 11 07 57 00 NYSE IBM Briefing corm IBM downgraded to Market Perform from Outperform at Ber 03 15 11 16 33 00 WYSE IEM PRNew sire IBM Opens Innovation Center in Mexico to Fuel Growth 03 15 11 14 23 00 NYSE IBM Briefing corm Unusual Options Activity 03 14 11 09 02 00 NYSE IBM PRNewswire IEM Launches Software and Consulting Services to Help Busi 03 14 11 07 45 00 NYSE IBM PRNews Wire Fuzzy Logix and IBM Unveil In Database Analytics for IBM In 03 14 11 06 09 00 NYSE IBM FlyOnTheV all IBM delivers initial phase of Canada s first province wide EHR 03 14 11 06 00 00 NYSE IBM PRNews Wire IBM Delivers Initial Phase of Canada s First Province Wide El SS Traders may subscribe to any or all of the follow news sources gt Basic News Business Wire Market Wire PR News Wire U S PrimeNewswires Theflyonthewall com News Feed Briefing com Canadian Press Release Wires includes Canada Newswire and CCNMatthews 10K Wizard Dow Jones Midnight Trader V V vv V Y A schedule of fees for the various services may be viewed by logging into the Brokerages website The News trade window displays the following data columns Date Time Reflects date and time of the news release Exchange Reflects
29. 1EDGX 72 62 0 72 20 H 72 85 L 71 54 C 72 63 23 NYOB 72 61 6 INET 72M 4 ARCA 72 61 2 BAT TA 2 BATS TE 2 EDGA mA 1B0S 4 Orders Executions Cancels Positions All Locates SolidCandle RA Simple Moving Average Mar 24 10 20 Option Chain Y Stock 72 63 0 64 C Bid CAsk C ol C Size Series P Bid P Ask P Yol P Size 4 05 5 40 O 103 x 166 Y MAR 25 11 67 5 O 0 02 0 0 x 84 v YY cick Entry 7 Two Sided Trade Entr Size Destination Price Stop Price M PE gt ft HE Reserve Order er Tupe TIF Pe Amount _ 2 60 2 68 4 000 20 x 21 Y MAR 25 11 70 0 01 0 03 6 600 7x102 0 38 0 44 65 800 79 x 74 Y MAR 25 11 72 5 0 26 0 32 9 700 52x113 Buy Vv EEE Short V Yo O 0 02 0 O x 61 Y MAR 25 1175 2 34 3 15 2 800 4 x 427 v A X Indices v A X NYSE OpenBook ax CLOSED 600 shares of Y at 72 6400 on SDOT from SDOT al OD Oe a Smo CLOSED 500 shares of Y a 2 00 on SDOT from SDOT E i E share DO y E hes e sie COMPQ 2 735 31 37 01 LOSED DO shares of Y a 20 on gt DOT from SDOT COMPQ 2 735 31 _37 01 MMID Bid Size MMID Ask CLOSED 300 shares of Y at 72 6300 on SDOT from SDOT IMA SPX 1 309 25 11 71 AEREA EUA NYOB 72 61 23 INYOB 72 64 5 ND F 2 309 00 44 00 CL F 105 22 0 53 GC F 1 427 80 10 20 K AA A Personal Stock Sorter wx SymboTicLast Net Bid Ask Chan High Low Yolume VWAP BAC 13 46 13 46 13 47 13 59 13 32 157 602 259 13 45
30. 40 00 09 45 00 Resume Resume 09 30 01 Trading Halt News pending 09 30 01 Opening Delay News pending 09 30 07 Trading Halt News pending 09 30 17 Trading Halt News pending GFC U 09 30 28 Trading Halt News pending GFC WS 09 30 51 Trading Halt News pending WESC 09 31 06 Resume WPYSA 09 37 21 Resume WNYIYSD 09 59 11 Resume PACQU 10 04 59 10 70 05 Resume Resume SREY 10 44 59 05 09 Resume Resume Right click Menu Buy Sell to Basket Places all selected stocks into a Basket Order Entry window see Basket Order Entry Show NASDAQ Checking this displays stocks new NASDAQ Buy to Basket Sell to Basket traded on the NASDAQ exchange a Show NYSE Checking this displays stocks traded Settings Select Columns on the N Y Stock Exchange TEE Change Font settings See Settings Menu Refresh Sort on Header Click Link This allows the Security Status window to Always on Top Hide Header Display be linked to other windows Select a color from vw Show Horizontal Lines the dropdown list that matches the link bar on the window you w Show Vertical Lines wish to link to or select link to all to link to all linkable windows Refresh Refreshes the data being displayed in the window Always on Top Keeps the window on top of all other windows Drag amp Drop 2012 Fusion Trading Solutions Page 90 Fusion DMA Manual Settings Select Columns Selecting this will open a
31. Bid price at which the buyer is willing to purchase the security Trader View Blotter Columns Picker x NBBO Ask Reflects the National Best Offer price at which the seller is willing to accept for the security eae NBBO Time Reflects the Time of the Action National Best Bid Offer led ExLluan Price Green Executed order Exec Price gt gt Route e Red Canceled order OrdedD White Open order p lt Account j l T Yellow Partially filled order Bins Size NBEO Bid NEBO Ask NBEO Time Available Columna Selected Columns OF Cancel 2012 Fusion Trading Solutions Page 71 Fusion DMA Manual P amp L Bar The P amp L bar may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting P amp L bar from the dropdown menu pl Time Displays the current time 2 MPL Displays your true P amp L e the current dollar value of your profit or loss taking into account any and all open and closed positions 3 S The total number of Shares traded 4 TA Marked Profit and Loss divided by the number of Shares This dollar value indicates your average profit or loss per share known as Ticket Average 5 Exp Reflects open P amp L dollar value of open positions relative to the market 6 Val The total dollar value amount of buying power being used of current open positions P The total number of current positions O The total number of
32. Heglmb Prev Close Prev Het 2 Prey Change OK Selected Columns gt gt bes lo Cancel this is un checked the Last Vol column will show the numbers as divided by 100 For example if the print was for 500 shares the display will show 5 Last Color Follow Tick Selecting this will cause the background color in the Last column to change to reflect the tick direction Show Filter Bar Displays column headings allowing custom search criteria wildcards accepted 2012 Fusion Trading Solutions Page 59 Fusion DMA Manual Trader View Window Trader View windows may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Trader View from the dropdown menu Fusion DMA allows the opening of multiple Trader View windows Trader Yiew ee Closed P amp L posure ESET Open Shares Open P amp L TrueNetExp OCCReg Acc Equity Symk Side Size Biel Price Del ull Spari F de Closed PRL ko Total P amp I 0 Used Total Sh sE E E BUSTS Sel Total Buy Total Sell OCC Reg Orders Executions Cancels Positions All Locates The Trader View Window displays all pertinent data concerning orders positions executions and cancels via a series of tabs located at the bottom of the window The Trader View window affords Point amp Click users with many options for Order and Position management via an array of right click menus T
33. Info Settings Select Columns Always on Top Change Font w Sort on Header Click Hide Header Display W Show Horizontal Lines W Show Vertical Lines Drag amp Drop Add Symbol Moves cursor to an empty cell in the Symbol column of the Basket List Typing in the symbol and pressing Enter adds the stock to the Basket list Delete Symbol Deletes the selected symbol Select All Symbols Click this to select all stocks in the Basket list Changes made to any of the order details will take effect on all stocks selected Cancel Orders Cancels all open orders for selected stocks Cancel All Orders Cancels all open orders for all stocks Save Stock List Selecting this will allow the user to save the current list of stocks in the Basket list for later use To save a list type the desired name of the list into the File Name window Save as type must ALWAYS be stk for stock lists Load Stock List Selecting this allows the user to load previously saved stock lists To load a list browse to it using the Open window After locating the saved list select it by left clicking then click the Open button Save Basket Basket Name Saves changes to current basket that was previously saved Save Basket as Save and name basket with the current layout in the basket window Reload Basket Basket Name Resets a saved basket to its original state Load Basket Loads a previously saved basket Save Default Sett
34. O Comnected 1437 19 FDMADEMO 10 100 10 10 Wer 4 5 10 8 is being used by Fusion DMA Username is Displays Your displayed Current IP address for Connection Displays current connection to Fusion market time Can also be used to connect disconnect Window Controls Clicking on the Fusion DMA menu icon will open up the menu which has the following options Click here to minimize all Fusion windows to your taskbar Fusion DMA xX Click here to close v5 Settings Open Windows Style 7 W dl oat the Fusion program wy Center Windows E Fit Windows Inside La Show Hide Windows Icons Mo 10 100 10 10 Wer 4 5 10 8 y ES Read Me 83 exit e Center Windows This brings all the windows that are opened to the center of the screen and puts them on top of each other e Fit Windows Inside This option will fit all open windows onto your primary monitor e Show Hide Windows Icons This will display each window with its own title window bar e Read Me This will display the Fusion DMA readme file which lists all the changes made to Fusion DMA e Exit This will close the Fusion DMA software and all its windows and give an option to save the layout on exit 2012 Fusion Trading Solutions Page 7 Fusion DMA Manual Fusion DMA Windowing System Fusion DMA uses a multi window interface Application features are contained in windows and some features support having many in
35. Open Windows Style hea wi a a e a a o A i Market Order ii SECHrity Jj Ranges Option Data pri status Chain O connected 14 39 43 FOMADE RA 10 100 10 10 Wer 4 5 10 5 Your favorite windows can be added to the quick launch window Choose More Commands to pick additional command Uncheck commands to hide them Tee Fusion DMA Xx USION Connect Window customize Quick Access Toolbar i Y Market Maker Personal Stock Sorter Trader wiew Order Entry More Commands Show Below the Ribbon v Minimize the Ribbon O Connected 14 40 20 FORMLADE M4 2012 Fusion Trading Solutions Page 8 Fusion DMA Manual Open Windows ai Market Maker Users can open windows from the Windows section and alternately fo Personal Stock Sorter by using the Open Windows Drop down menu Clicking the drop TT Trader view down tab pulls up a full menu of all available windows clicking the m text pulls up a dialog showing currently open window Personal Ticker i Panl Bar E a OR Ts Fusion DMA 5 X FUSIN pr n oy a Order Entry iis Connect Windowsi Settings Open Windows Stele 7 CFI E Basket Order Entry Basket Order Manager a Tl le ISR UI ES Books tr Market Order Security Alerts Ranges Option Chart Misc Data Entry s Status hi ki Chain gt S O c
36. Order Entry from the dropdown menu Order Entry windows may also be arder Entry SPY Ox spawned automatically by double MOS E 2S clicking in the Level Il area of Market So cl orr mi EZ Maker windows or by double clicking a an symbol in the Personal Stock Sorter Lo 130 80 Hi window Real Time Prices Use Real Time Bids t IO E Symbol Type the symbol of the desired stock in this window and press 4 MESURE Las the Enter key to set symbol into the BUY i Order Entry window When Order Entry SIZE Reserve Limit Price Stop Price windows are spawned by double clicking f7 z a E JE in the Market Maker level II area or by k Pa y r w r Target Strategy double clicking a symbol In the Personal O B be Stock Sorter this window will automatically populated with the symbol oco Tick Direction This window will show either a green up pointing arrow or a red down pointing arrow to indicate last tick direction Link Button Allows the Order Entry window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows Level Fields L Last Price B Bid A Ask Cl Previous day s Closing Price Lo Intraday Low Price Hi Intraday High Price Real Time Prices When this box is checked the Limit Price and Stop Price fields wi
37. The price at which the trade was executed Contra Displays the exchange or venue where the trade was ordered executed cancelled Order Time Reflects the Time the order was placed Order ID The identification number assigned to the order by the Fusion DMA system Trade P amp L Reflects the amount of profit or loss realized as a result of a single execution of that stock Total P amp L Reflects the amount of profit or loss realized for that stock intraday as a result of all executions Stop Price Specific stop price of the order being sent when using a Stop Market order SDOT only See Order Entry Pos Size Total size of the position as a result of the execution Type Reflects whether the order was filled or cancelled 2012 Fusion Trading Solutions Page 69 Fusion DMA Manual Locates Tab When this tab is selected the Trader View window will show all purchased locates for the day The data columns available for display on the Positions tab are Trader View rere Closed P amp L Os 52 Open Shares Open P amp L TrueNetExp OCCReg Acc Equity Size Price OrderlD Contra Symbol Orders Executions Cancels Positions Alls Locates Symbol Symbol of the stock Size The amount of shares located Price The price of locate per 100 shares Order ID The identification number assigned to the order by the Fusion DMA system Contra Displays the exchange or venue where
38. There are 3 servers that you can Nave in this list In case one server has a problem you will automatically failover to your alternate servers DO NOT CHANGE THESE ADDRESSES UNLESS INSTRUCTED TO BY A SUPPORT REPRESENTATIVE 2012 Fusion Trading Solutions Page 11 Fusion DMA Manual 2 Preferences Show All Order Executions When set to True will load all executions after you log out and you log on to the system Show All Market Moves Enables all Market filter windows CPU Conservation Mode Allows Fusion DMA to limit screen refreshes when CPU is overwhelmed Use eSignal Charts Allows to link Fusion DMA windows to eSignal ver 10 5 Use eSignal Data Allows user to use eSignal API data instead of Fusion DMA quote Close eSignal on Exit Allows users to close eSignal when Fusion DMA shuts down Allow Version Downgrade Allows user to downgrade if lower version is put in their upgrade path 2012 Fusion Trading Solutions Page 12 Fusion DMA Manual Basket Tab This window can be accessed by clicking Settings at the top of the Fusion DMA Control panel and then clicking the Basket tab 2012 LIII ri F 7 1 d i Fi Pa E Set Check Spread Use Check Spread False Spread Limit 0 000000 Default Size Use Default Size False Default Size 0 Real lime Prices Use Real Time Prices False Real Time Prices Bid Ask Price Adjustment Use Percent False P
39. True prices in Basket Order Entry window will reflect Real Time prices or the percent value entered into the provided window When this box is False prices in Basket Order Entry window will reflect Real Time prices or the dollar value entered into the provided window Preferences Basket Passive Buy Sell Style When this box is True limit prices for Buy orders will default to the Bid price and Sell orders will default to the Ask price When this box is False limit prices for Buy orders will default to the Ask price and Sell orders will default to the Bid price Basket Clear Box When this box is True Basket Order Entry windows will automatically close when the order is submitted Keep Order Type When True last submitted order type criteria will stay constant Basket Show Warning Messages When True a pop up message will appear on submission of orders that exceed the set Spread Limit see above asking you to confirm if you want to place this order even though it is hitting your spread limit Keep Order Duration When True last submitted order duration criteria will stay constant 2012 Fusion Trading Solutions Page 14 Fusion DMA Manual Color Tab There are 3 default color schemes to choose from for the Market Maker window and for the ECN NYSE OpenBook window To create a custom color scheme highlight the field you want to change then select change color Once you make a change to the color scheme you
40. a share of common stock determined by dividing the company s net worth by the number of shares that are circulating Breakout A stock is said to break out when its price rises above a resistance level or drops below a support level Technical analysts traders take a breakout to signify a continuing move in the same direction and use breakouts as buy or sell indicators Broker dealer A firm that handles transactions for its customers and also purchases securities for its own account selling them to customers Broker s Deck Orders physically held by the floor broker in the trading pit Bull market When the general market or a particular stock rises for a prolonged period of time usually by 20 or more Bull spread A option trading strategy where an investor buys an out of the money put option financing it by selling an out of the money call option on the same underlying stock index or future Buy and hold A strategy in which the stock portion of one s portfolio is fully invested including dividends reinvestments at all times C Call option A contract that gives its buyer the right to buy stock at a specified price within a certain time period Candlestick Charts A charting method originally from Japan in A ooog a which the high and low are plotted as a single line and are referred to as shadows The price range between the open and the close is plotted as a narrow rectangle and is referred to as the Pt Lose body I
41. algorithm right click to open the details window Delete Pairs Trading Highlight the saved Pair Trading algorithm right click to delete from the manager window Copy Pairs Trading Highlight the saved Pair Trading algorithm right click to duplicate Import _ Pairs Trading When selected will display an Open Dialog for importing Pairs Trading from different file types such as Microsoft Excel xls Comma Delimited csv Tab Delimited txt added to the current list Select All Selects all algorithms in Pair Trading Manager algorithms Deselect All Deselects all Manager Newly imported pairs are New Pair Trading Open Pair Trading Delete Pairs Trading Copy Pairs Trading Import Pairs Trading Select All Deselect All Activate Pairs Trading Deactivate Pairs Trading qa ause Pairs Trading Resume Pairs Trading Glear Pairs Trading Reset Multiplier Confirm Orders Save Default Settings Load Default Settings settings Select Columns Change Font Change Colors in Pair Trading sort on Header Click Hide Header Display Activate Pairs Trading Highlight the saved Pair Trading algorithm press Activate to start trading Deactivate Pairs Trading Highlight the saved Pair Trading algorithm press Deactivate to stop trading Pause Pairs Trading Highlight the saved Pair Trading algorithm press Pause to pause trading
42. all Market Makers When set to False Level 1 quotes will reflect the best prices available only from the Primary Exchange on which the stock trades Fusion Trading Solutions Page 29 Fusion DMA Manual Display Only ECN Before Open When this box is True only quotes from ECN s will be displayed prior to the Open Display ECN Prints in Extended Market When this box is True trades occurring on the ECN s during pre and post market hours will be displayed in Market Maker and Books windows Last Print only from Primary Exchanges Always mark this box as True 5 Preferences 2012 Settings x q pa Connections Defaults Keyboard Layout Market P Price Level ECH Display Price Preference Display Quotes O Preferences Clear Box False Enable Click Entry False Aight Mouse Fast Orders False Show Open Orders True Box Realtime Prices False Fined MM and Price False Lock MM False Lock Price False Box gt Preference False Box Follow Me Price False Clear Box When this box is True order boxes generated via Box Order Keys will disappear upon submission of the order Enable Click Entry When this box is True a Point and Click order interface will be displayed as part of Market Maker Windows Right Mouse Fast Orders When this box is True orders may be sent automatically by Right Clicking quotes in the Level2 area of Market Maker windows Orders will be sent as Limits at the price of the quote to the Ve
43. amount by which the price of an option changes as its volatility changes Option Gives the buyer the right but not the obligation to buy or sell an asset at a set price on or before a given date Call option buyers bet that the stock price will be higher than the option s strike price plus the price they pay for the option itself Put option buyers bet that the stock s price will drop below the price set by the option minus the price they pay for the put option itself Options strategies and terminology e covered call A short call option position where the writer seller owns the number of Shares of the underlying stock represented by the option contracts Covered calls limit the risk of the writer because the stock does not have to be bought at the market price if the buyer of the call option decides to exercise the call e covered put A short put option position where the option writer is also short the underlying stock or has deposited cash or cash equivalents that cover the exercise of the option This strategy limits the option writer s risk because money or stock is already set aside In the event that the holder of the put option decides to exercise the option the writer s risk is more limited than it would be on an uncovered or naked put option e debit spread Applies to derivative products Difference in the value of two options when the value of the option bought exceeds the value of the one sold One buys a debit spread O
44. at the money if its strike price is equal to the market price of the underlying stock or index For example if IBM stock is trading at 90 then the IBM 90 option is at the money Automatic Exercise A protection procedure whereby the Options Clearing Corporation attempts to protect the holder of an expiring in the money option by automatically exercising the option on behalf of the holder Balance sheet A firm s financial statement that provides a picture of its assets debts and net worth at a specific time Bar Chart Used to plot price movements using vertical bars indicating price ranges Basis The difference between spot cash prices and the futures contract price Basis Points The measure of yields on bonds and notes one basis point equals 0 01 of yield Basket Trades Large transactions made up of a number of different stocks Bear market When the general market or a particular stock falls for a prolonged period of time usually by 20 or more Bear spread Applies to derivative products Options trading strategy designed to take advantage of a fall in the price of a stock index or future where one buys a combination of calls and puts on the same underlying instrument at different strike prices in order to profit as the security s price falls Beta An indicator that measures a stock or fund s risk relative to the market The market s beta is always 1 0 A beta higher than 1 0 indicates that when the market rises the stock
45. change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2012 Fusion Trading Solutions Page 110 Fusion DMA Manual Top Gainers This window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Top Gainers from the dropdown menu This window is a real time streaming Market Sorter that displays stocks realizing the greatest gains by dollar value during the selected time span Top Gainers DAY O X Settings No Symbol Link Change Font P Link 1 w Fixed Font WM Link 2 Change Background Color MB Links Link 4 P Links Link 6 Link Links MW Links MM Link 10 Right Click Menu e Settings See Settings Menu e Link Allows Top Gainers window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window
46. click in an Select All Symbols empty row in the Symbol column when the cursor appears type the Lower 257o symbol and then press the Enter key to set symbol into the Sorter Cover 50 Another method add symbols is to right click anywhere in the Personal Cover 75 Stock Sorter window and then select Add Symbol from the right click Cover 100 menu When the Enter Symbol window appears type the symbol into Cover CUSTOM 100 the space provided and then click the OK button to set the symbol Cancel All For Stock into the Sorter Cancel All Delete Symbol To remove a symbol from the Stock Sorter select the symbol by left clicking it then right click and then select Delete Add 25 Symbol Add 50 Select All Symbols Click this to select all stocks in the Personal Stock is Add 100 Sorter Add CUSTOM 100 Position Management functions When a symbol is selected that Buy to Basket the trader currently holds a position in the following options are Sell to Basket available Shaw Totals Cover 25 Sends a market order to cover sell to cover longs and Show Commodity List buy to cover shorts the selected position for a quantity of shares Settings a equal to 25 percent of the total position size rounded up to the nearest 100 share lot Note To avoid odd lot charges the cover aer function will always send the cover order for a minimum of 100 Load Stock List shares Save De
47. clicking Windows at the top of the Fusion DMA control panel and selecting Top Percent Losers from the dropdown menu This window is a real time streaming Market Sorter that displays stocks realizing the greatest losses by percentage during the selected time span Top Percent Losers DAY O X Settings No Symbol Link Change Font P Link 1 w Fixed Font WM Link 2 Change Background Color WM Links Link 4 Links Link 6 P Link E Link g E Links E Link 10 Right Click Menu e Settings See Settings Menu e Link Allows Top Percent Losers window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2012 Fusion Trading Solutions Page 117 Fusion DMA Manual Top Percent Losers Settings Time Span Price Price Range 2 2 Minutes 3 Minutes Min 0 Max 0 Min 0 Max 0 15 Minutes 5110 Minutes Average Volume Change 315 Minutes Mir D Maw U Min D Max U 520 Minutes 930 Minute
48. e Inside changes Will display any inside changes for the stocks you currently have a position in e Inside moves Will display any inside moves for the stocks you currently have a position in e All ticks This will show all changes to the stocks you currently have a position in Preference Expiration Time This time in seconds is how long a preference order will try and execute Set to zero will be equal to a day order Commission This is a cents per share which can be calculated into your P amp L on the trader view window 7 Calculate P amp L Allows the user to assign a method of calculating open P amp L 2012 Server P amp L based on server value which will update on last print unless last print is outside of Bid Ask in which case it will give midpoint Bid Ask P amp L based on Bid if long position Ask if short position Midpoint P amp L based on Ask minus Bid divided by two Last Trade P amp L based on last print Settings x 4 p hdarket SEE Trader Keys Keyboard Trading gt Check Spread Hunt Algorithm Pay thru Amount Sounds for Executions Hever Route Orders Outside Preferences Calculate PnL Calculate PriL by Server hd Unacknowledged Orders o E E E El E El E Last Trade Fusion Trading Solutions Page 44 Fusion DMA Manual 8 Unacknowledged Orders Allows the user to be notified when there are issues at the exchanges or other venues order servers Settings x o
49. e Trading Spread Limit Hunt Algorithm Pay thru Amount Sounds for Executions Routing Orders to other venues Preferences Commissions Calculation of P amp L e Plugin API Modules _ a TE y Fusion DMA ex FUSIN e Connect Windows Settings Open Windows 7 Style 7 W gt connections Basket Colors Defaults Keyboard Layout Market Sweep Trader Trading Flugin Keys settings Windows FORA EMO 10 100 10 10 mee ijs wer 45 10 6 0 Connected 14 47 54 2012 Fusion Trading Solutions Page 10 Fusion DMA Manual Connections Tab This window can be accessed by clicking Settings at the top of the Fusion DMA control panel and then clicking the Connections tab Settings x a Basket Colors Connections Defaults Keyboard 1 E Client Portal Addresses E Password Password oo 8 er O Primary Address 25 42 228 Order Fort S000 Data Port n200 Chart Port a200 Alternate 1 Address 25 42 229 Order Port FOOD Data Part A200 Chart Port a200 O Alternate 2 Address 2542 230 Order Part Kong Data Fort e00 Chart Port a00 2 O Preferences Show All Order E secutions True Show All Market Moves True CPU Conservation Mode True Use eSignal Charts False Use eSignal Data False Close eSignal On Exit False Allow Version Downgrade False Chent Portal Addresses OF lo Cancel Apply 1 Client Portal Addresses The addresses below are to the servers you are connecting to
50. formation of a round lot To illustrate in a 2 for 1 split when 1 shares splits into 2 an investor would receive one additional share for each he formerly owned Stop limit order An order placed to buy or sell at a certain price or better during a limited period of time Stop loss order An order to sell a stock when its price falls to a specified level Stop order An order placed to buy or sell a designated stock once a designated price has been reached This order limits the amount an investor can lose on that investment Straddle Purchase sale of an equal number of puts and calls with the same terms at the same time Street Name Stock ownership in which shares are registered to a brokerage or other financial institution and held Strike price The stated price per share for which the underlying may be purchased in the case of a call or sold in the case of a put by the option holder upon exercise of the option contract 2012 Fusion Trading Solutions Page 152 Fusion DMA Manual Strips An option strategy in which an investor buys one call and two puts on the same underlying security with the same exercise price and expiration date Support Line On a chart a line drawn indicating the price level at which falling prices have stopped falling and have moved sideways or reversed direction T Technical analysis Analysis that seeks to detect and interpret patterns in past security prices Tick indicator A market index
51. in the Ticker window can be selected by clicking on the word Settings at the top of the Fusion DMA login window and then clicking the Trading tab Use the dropdown menu to the right of the words Ticker View to select one of the following options See Settings Ticker View None Inside changes Inside moves All ticks None When selected the Ticker window will only show rejection messages open and closed position messages and UR Out cancel messages Inside Changes When selected the Ticker window will display any inside changes for the stocks you currently have a position in Inside Moves When selected the Ticker window will display any inside moves for the stocks you currently have a position in All Ticks When selected the Ticker window will show all changes to the stocks you currently have a position in Split Window Bottom portion of the ticker window will display any system messages These can be specific to your account as shown above when reaching a risk setting or system wide messages such as if an exchange is currently experiencing a problem Right Click menu Change Font Selecting this opens a window that allows the user to change the font style and size 2012 Fusion Trading Solutions Page 54 Fusion DMA Manual Personal Ticker The Personal Ticker window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting
52. linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2012 Fusion Trading Solutions Page 119 Fusion DMA Manual Top Ranges Settings Time Span Price Price Range 2 2 Minutes 3 Minutes Min 0 Max 0 Min 0 Max 0 15 Minutes 5110 Minutes Average Volume Change 315 Minutes Mir D Maw U Min D Max U 520 Minutes 930 Minutes 45 Minutes Volume Rate Exchange 60 Minutes r C eo NYSE NASDAQ in Day En FAME FJOTC Stock Court 20 Bike Cancel Settings Menu Choose Settings from the right click menu to open the Top Ranges Settings filter window Time Span Choose the time span that the window will display data for by clicking the box to the left of the desired interval Stock Count This window reflects how many stocks will be displayed at one time Use the arrows to the right to adjust quantity Price These windows allow the user to filter stocks based on the per share pric
53. of the imbalance will not participate e OPG Opening order is an order that is placed at the days opening e CLO Closing order is an order that is placed at the days close Size Enter the number of shares being ordered Use the arrows to the right of the window to increase decrease size by pre set increments See Settings Defaults Increment Values Reserve Enter the number of shares being held in reserve or hidden from view on the limit order books Use the arrows to the right of the window to increase decrease size by pre set increments See Settings Defaults Increment Values Limit Price Enter the price of the order when Limit Orders are placed Use the arrows to the right of the window to i ncrease decrease price by pre set increments See Settings Defaults Increment Values Stop Price Enter the price of the order when Stop Market Orders SDOT only are placed Use the arrows to the right of the window to increase decrease size by pre set increments See Settings Defaults Increment Values Target Strategy e Trailing Stop Allows a trader to limit the maximum possible loss without limiting possible gain A trailing stop sell order sets the initial stop price at a fixed amount below the market price As the market price rises the stop price rises by the trailing amount but if the stock price falls the stop price remains the same When the stop price is hit a preselec
54. on website Show Report Refresh Login Send Message Eo Send Message To Current Vier Send Broadcast Message Select Columns settings l Change Font Save Default Settings Load Default Settings w Sort on Header Click Real time Sort Refresh Hide Header Display Always on Top Show Filter Bar Use Dynamic Filter 2012 Fusion Trading Solutions Page 136 Fusion DMA Manual e Refresh Login Function available for management only e Send Message to Available to send IM to a selected trader e Send Message To Current View Allows to send messages to multiple accounts in current view in Risk Monitor e Send Broadcast Message For admin users to send global broadcast to traders e Settings See Settings Menu e Save Default Settings Selecting this saves the current layout of the Risk Monitor Window e Load Default Settings Selecting this loads and applies a previously saved layout of the Risk Monitor window to a newly opened Risk Monitor window e Refresh Refreshes the data being displayed in the window e Always on Top Keeps the window on top of all other windows Settings Menu e Select Columns Selecting this will open a Columns Picker window which Risk Monitor Columns Picker x Available Columns Selected Columns will allow the data that is displayed in the Risk Monitor window to be Trader ID Trader Hame Entity Login
55. option because an option is the right to buy or sell while a futures contract is the promise to actually make a transaction A future is part of a class of securities called derivatives that derive their value from the worth of an underlying investment G Gap A day in which the daily range is completely above or below the previous day s daily range Good till canceled order GTC An order to buy or sell a stock at a specified price that does not expire unless it Is filled or the investor cancels it Gross Domestic Product Value of all goods and services produced domestically Growth stock A stock that generally grows faster than the S amp P 500 and will likely produce consistent profits H Head amp shoulders A technical pattern that results where a stock price reaches a peak and declines rises above its former peak and again declines and rises a third time but not to the second peak and then again declines The first and third peaks are shoulders while the second peak is the formation s head Technical analysts generally consider a head and Shoulders formation to be a very bearish indicator High Ticking To pay the offered price Historic Volatility How much contract price has fluctuated over a period of time in the past usually calculated by taking a standard deviation of price changes over a time period Historical Data A series of past daily weekly or monthly market prices open high low close volume open interest
56. order is sent for 100 shares to 5 different Venues it is possible to get filled for 500 shares 100 per Venue Settings x E Sweep Wave El NYSE Stocks HE INET Use INET True Order Size T EO ARCA Use ARCA True Order Size T HE BATS Use BATS True Order Size T A SDOT Use SPOT True Order Size T A SUMO Use SUMO True Order Size T Use DAt False Slippage 4 000000 NYSE Stocks The settings in this area will affect Sweep orders sent for stocks listed on the NYSE e Use Venue When these boxes are True Sweep orders will be sent to each of the selected Venues for the Lot size that is reflected in the level one Lot window L in the Market Maker The Venues available for NYSE stocks are INET ARCA BATS SDOT and SUMO e Order Size When Use Venue boxes are False the Order Size window will become active allowing the trader to enter a specific order size to be sent to that Venue upon submission of Sweep orders When Order Size is set to zero 0 lot size in MM window will be used e Use Day When this box is True Sweep orders will go out as Day orders and unfilled portions will remain open on the Venue s limit order book until filled cancelled by the trader or until the end of the day When set to False Sweep orders will go out as IOC Immediate or Cancel e Slippage When a price value is entered into this window Sweep orders will be sent at a limit price plus or minus the value set in the Slippage wind
57. put option decides to exercise it Uncovered put options limit the writer s risk to the value of the stock adjusted for premium received Underlying Security In options a stock subject to purchase upon exercise of the option Undervalued A stock price perceived to be too low or cheap as indicated by a particular valuation model For instance some might consider a particular company s stock price cheap if the company s price earnings ratio is much lower than the industry average V Value Weighted Index A market average such as Standard amp Poor s 500 Index that takes into account the market value of each security rather than calculating a straight price average Vertical Spread A stock option spread based on simultaneous purchase and sale of options on the same underlying stock with the same expiration months but different strike prices Volatility A measure of risk based on the standard deviation of the asset return Volatility is a variable that appears in option pricing formulas where it denotes the volatility of the underlying asset return from now to the expiration of the option There are volatility indexes Such as a scale of 1 9 a higher rating means higher risk Volume The shares that are traded for a given market or tradable within a specified time period W Warrant A company issued certificate that represents an option to buy stock shares at a given time Weighted Moving Average WMA A moving average that puts mo
58. size of the position by 100 percent rounded up to the nearest 100 shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Add Custom Sends a market order for an amount of shares that will Increase the size of the position by a preset percent rounded up to the nearest preset amount of shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Add OCO Selecting this option will allow addition of an order to OCO Group by entering a group name in the OCO Group ID field Cancel All Orders for Stock This will cancel all orders for the stock selected Cancel All Buy Orders for Stock This will cancel all buy orders for the stock selected Cancel All Sell Orders for Stock This will cancel all Sell orders for the stock selected Cancel All Short Orders for Stock This will cancel all Short orders for the stock selected Cancel All Orders Cancels all open orders for all stocks Cancel All Buy Orders Cancels all Buy orders for all stocks Cancel All Sell Orders Cancels all Sell orders for all stocks Cancel All Short Orders Cancels all Short orders for all stocks Select All Selects all positions in the Trader View window Buy Sell to Basket Places all selected positions into a Basket Order Entry window see Basket Order Entry Show Closed Positions Checking this will allow closed positions to be displayed When
59. the trade was ordered executed cancelled Page 70 2012 Fusion Trading Solutions Fusion DMA Manual Blotter Tab When this tab is selected the Trader View window will show a record of trades and the details of the trades made over a trading day The data columns available for display on the Positions tab are Trader Yiew e ee BP SOT Shares PTT Closed pat Exposure ED open shares Open P amp L TrueNetExp OCCReq Acc Equity Time Symt Action OrderQuan ExQuan Price gt C Price Route OrderIC Acco Type Pos Size NBBO Bid NBBO Ask NBBO Tim A sw Orders Executions Cancels Positions All Locates Time Time the trade was executed or cancelled Symbol Symbol of the stock Action Indicates whether the execution order cancel was to Buy Sell or Sell Short OrderQuan Order Quantity the amount of shares ordered cancelled ExQuan Executed Quantity the amount of shares executed Price Specific Price of the order that was sent when using a Limit Order Exec Price The price at which the trade was executed Route Displays the exchange or venue where the trade was ordered executed cancelled Order ID The identification number assigned to the order by the Fusion DMA system Account Trader account in which a trade was made Type Reflects whether the order was filled or cancelled Pos Size Total size of the position as a result of the execution NBBO Bid Reflects the National Best
60. this is Un checked only open positions will be displayed Show Positions with MOC Shows position that are net with opposite MOC order It assumes the MOC will get filled Open Orders e Show Open Orders When checked will include open orders below a current position e Show Tree for Open Orders Function is currently not available Settings see Settings Menu above 2012 Fusion Trading Solutions Page 68 Fusion DMA Manual All Tab When this tab is selected the Trader View window will show all data pertaining to Orders Executions Cancels and Positions all in one window The data columns available for display on the Positions tab are Trader iew BP hd Shares Sera Closed PRL Exposure hee Open Shares Open P amp L TrueNetExp OCCReg Acc Equity Time Symbol Side Size Exec Siz Price Exec Prii Contra Order Tir OrderID Trade P8 Total P amp Stop Pr Pos Sizi Type spy fee 100 of 13166 _olarca inao A Positions Orders Executions Cancels All Locate Green Executed order Red Canceled order White Open order Yellow Partially filled order Time Time the trade was executed or cancelled Symbol Symbol of the stock Side Indicates whether the execution order cancel was to Buy Sell or Sell Short Size The amount of shares ordered cancelled Price Specific Price of the order that was sent when using a Limit Order Exec Size The amount of shares executed Exec Price
61. w Show Order Summary Sort on Header Click Hide Header Display Show Horizontal Lines Show Vertical Lines Drag amp Drop Show Decimals in Price Copy to Clipboard Linked Symbol On Top Real time Sort Show Filter Bar 2012 Fusion Trading Solutions Page 64 Fusion DMA Manual Cancels Tab When this tab is selected the Trader View window will show all pertinent data pertaining to Canceled Orders The data columns available for display on the Cancels tab are Trader View BP BERGE Shares _ Exposure AA Open Shares Open P amp L TrueNetExp _ OCCReq _ Acc Equity Time Symbol Side l Size Price Contra Order Time OrderID 10 25 29 SPY 100 131 90 ARCA 10 24 23 1024002604 11 40 17 SPY 100 131 76 ARCA 11 40 09 1140000184 11 40 17 SPY 1140000234 11 40 11 SELL 100 SPY 131 6600 ARCA 11 40 17 UR OUT Canceled SELL 100 SPY 131 6600 ARCA la Locates b Orders Executions Cancels Positions Time Reflects the time the order was cancelled Order Time Reflects the time the order was sent Side Indicates whether the order that was cancelled was to Buy Sell or Sell Short Size
62. will want to hit Save to Custom f Settings ps Colorz nd Price Level SrdPriceLevel EY 4thPriceLevel EE 5th Price Level th Price Level UJ 7th Price Level ET st Price Level Text nd Price Level Text rd Price Level Text th Price Level Text th Price Level Text 6th Price Level Text Tth Price Level Text HET Foreground ATS Foreground RCA Foreground i Ho Cir Ho Cir Ho Cir ong Position hort Position ong Order hort Order ong Execution hort Execution efault Background efault Text elow Bid Print Background nthe Bid Print Text bove Ask Print Background nthe Ask Print Text ighlighted Text ighlighted Background elected MM Window Back Wolf oFoagoqgwnwe wow Sel he y a gt Wi mu Gu ri a pare Bk 2012 Fusion Trading Solutions TEST NYSE Background gt Cancel 4 lt Basket Colors Connections Defaults Keyboard P Color Scheme Current Scheme Custom z Change Color Save Scheme Save Scheme to Custom ir ECH Scheme Custom Z Apply Page 15 Fusion DMA Manual Defaults Tab This window can be accessed by clicking Settings at the top of the Fusion DMA Control panel and then clicking the Defaults tab Settings x Basket Colors Connections Defaults Keyboard P i gt E Size Lot 100 Max Lot 1000 Reserve 0 gt E Increment Va
63. yv Flash Last Print dropdown list that matches the link bar on the y Narrow Row Height window you wish to link to or select link to all to wy Show Scroll Bars Bring MM bo Front link to all linkable windows Show Last Yol 100 Select Columns Selecting this will open a Columns Last Color Follow Tick Picker window which will allow the data that is Show Filter Bar displayed in the Personal Stock Sorter to be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click OK to close window and set changes Refer to the diagram below for the available list of columns Change Font Opens a window that allows the user to change font style and size Click OK to close window and set changes Change Colors Opens a window that allows the user to change colors of background and text of Personal Stock Sorter items Click Ok to close window and set changes Sort on Header Click Allow the user to sort data by clicking on column headers Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked Drag and Drop Allows user to left click hold
64. zoom back out fully click on the Reset button and then click on the Refresh button Reset Resets the chart back to its default display Refresh Use this button if the data has stopped updating Link Button Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows VV Y 2012 Fusion Trading Solutions Page 131 Fusion DMA Manual Right Click Menu Interval see above Bar Style see above Indicator see above Line Study see above View Market Time Choose between Standard 9 30 4 00 ALL includes Pre Post Market and Standard Pre Market and Post Market Overlay Indexes Choose to overlay an index from the following list This will change the Barstyle to a Line To select any other barstyle you will have to right click in the chart and select Indicator and then uncheck Overlay Stocks Link Allows Chart window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows Zoom This has been disabled in the Right Click Menu Reset Zoom This has been disabled in the Right Click Menu Refresh This will refresh the chart data and zoom back out if you had previously zoomed in Volume Selecting this will display Buy Sell Volume along
65. 33 254 58 06 781 6 692 2 Add 75 BIOO Clase E Add 100 Add CUSTOM 100 DTG Linked Trader View SMC Shares METE ME closed par 2012 Fusion Trading Solutions Page 138 Fusion DMA Manual News The News Trade window may be opened by clicking Windows at the top of the Fusion DMA control panel and choosing News Trade from the menu This window displays Real time trading related news provided by several of the top News sources in the industry News IBM O xX Date Time Exchange Ticker WireCode 0 HeadLines 03 16 11 16 21 00 NYSE IBM MidnightTrader MidnightTrader s Analyst Notebook IBM 03 16 11 16 15 00 NYSE IBM FliyOnThewall IBM initiated with a Neutral at Credit Suisse TheFlyOnThevy 03 16 11 15 27 00 NYSE IBM MidnightTrader Sector Update Technology Shares Down as Big Sector Nam 03 16 11 15 19 00 NYSE IBM MidnightTrader Sector Update Technology 03 16 11 14 18 00 NYSE IBM FlyOnTheVyall IBM has next support at 151 46 TheFlyonThewWall 03 16 11 13 15 00 NYSE IBM MidnightTrader Sector Update Technology Shares Slip IBM Falls on Key Do 03 16 11 13 04 00 NYSE IBM MidnightTrader Sector Update Technology 03 16 11 12 34 00 NYSE IBM MidnightTrader Analyst Actions IBM Tumbles on Sanford Bernstein Downgra 0316 11 09 24 00 NYSE IBM FlyonThevall Pre market top 5 lasers TheFlyOnThevvall 03 16 11 09 16 00 NYSE IBM FlyonThevall IBM breaks its 50 day moving average support is at 154 03 16 11 08 50
66. 39 SPY 130 87 130 86 130 87 23 131 09 129 67 132 771 326 130 4894 MSFT 25 80 0 2 25 79 25 80 a 25 87 25 50 35 679 399 25 7525 jejejeje 586 43 586 37 586 66 588 39 578 80 1 997 586 584 4790 IBM 159 92 159 92 159 93 160 71 158 84 4 764 745 159 7937 RIMM 64 07 64 07 64 08 64 63 62 18 12 957 309 63 7535 O connected 16 49 24 FOMADEMO 10 100 10 10 dla IES wer 45 108 i 2012 Fusion Trading Solutions Page 4 Fusion DMA Manual About this Manual This document describes the Fusion DMA software and its features Fusion DMA is a direct access equities trading system that facilitates NASDAQ NYSE and AMEX stock trading through ECNs market makers and exchanges Fusion DMA provides single order entry NASDAQ Level and Il information position and trade details account statistics ECN trade information and top market mover information The system provides a window for messages and status on all actions taken by the trader Fusion DMA runs on Microsoft Windows and uses a multi window interface Application features of are contained in windows and many instance of a single feature window can be opened simultaneously e g a user can open multiple charting windows Users can control the windows look and feel what data is displayed sharing information between windows Linking and default behaviors of features This is done through the many configurable settings The manual will cover all the feature windows and settings
67. 732 107 559 39 845 359 137 0 594 723 1 440 000 712 262 712 262 3 910 3 910 200 21 882 91 232 11 640 124 234 2 500 000 58 889 55 889 3 606 148 101 840 2 900 3 831 0 17 771 5 000 000 0 0 3 417 0 59 494 0 0 0 17 540 800 000 264 698 264 698 3 373 1 308 81 036 56 336 49 053 0 85 041 2 500 000 0 0 3 323 0 223 508 0 0 A cesar 94 190 376 000 122 890 122 890 3 254 591 8 104 8 500 18 410 0 2520 14 775 688 405 054 157 24 692 840 9 624 326 74 671 13 780 013 484 2 580 844 6 176 380 146 530 View Accounts Branch Al Hide Traders Fier Al Keep Fiter Exceeded Max Loss Only The Risk Monitor window is fully customizable and can be adapted to accommodate many different trading risk management styles Right click Menu Unaroup Branch Link Account Select Quick Linked Accounts List Trader Information e Ungroup Branch When viewing in Branch mode highlight a group row right click and select Ungroup Branch the risk monitor will display all the individuals in the group e Link Account When selected opens a Trader View window of the selected account and links your account e Select Quick Linked Accounts List Add remove accounts for quick link DUNCTION W Show Horizontal Lines e Trader Information Brings up e re basic risk management and trader info y Drag amp Drop e Show Report Launches browser and goes to that traders user page
68. Box Key Order windows will NOT be mirrored in the Lot window of the Level 1 area of the Market Maker window When this box is False lot size changes made in order boxes will also change the Lot window of the level 1 area of the Market Maker Keep Lot Size on New Symbol When this box is True changes made to lot size in Order windows for specific symbols will NOT affect the default lot size displayed in the level 1 of the Market Maker window When this box is False changes made to lot size for a symbol in an Order Box will remain as changed when returning to that symbol regardless of default size Order Entry Aggressive Buy Sell Style When True double clicking on the Ask on the personal stock sorter will bring up an order entry box populated to buy at the ask price and or sell at the bid price When it is False the buy will populate with the bid price and the sell with the offer price Order Entry Clear Box When True once you send an order through the order entry box it will be closed 2012 Fusion Trading Solutions Page 20 Fusion DMA Manual e Pegged Difference Default value that is used only for a Box NonBox Pegged Trader Keys This value will not apply to FillED and Click Entry order box For FINED ClickEntry we use Click Entry PegDiff control to set PegDiff value 2012 Fusion Trading Solutions Page 21 Fusion DMA Manual Keyboard Settings To set Keyboard commands go to Settings at top
69. F Cancel Settings Menu Choose Settings from the right click menu to open the Top Losers Settings filter window Time Span Choose the time span that the window will display data for by clicking the box to the left of the desired interval Stock Count This window reflects how many stocks will be displayed at one time Use the arrows to the right to adjust quantity Price These windows allow the user to filter stocks based on the per share price of the stock Enter a minimum and or a maximum price in the Min and Max windows provided Price Range These windows allow the user to filter stocks based on the price range the stock has traded in during the selected time span For example If a stock trades from 20 00 to 21 00 during the selected time span the Price Range would be 1 00 Average Volume These windows allow the user to filter stocks based on the Average Daily Volume the stock trades calculated from historical data Enter a minimum and or a maximum Volume amount in the Min and Max windows provided Change These windows allow the user to filter stocks based on the amount of price change the stock has realized during the selected time span Enter a minimum and or a maximum price in the Min and Max windows provided Volume Rate These windows allow the user to filter stocks based on the actual Volume traded during the selected time span Enter a minimum and or
70. II area will populate the window with that price Use the small up down arrows to the right of the window to increase or decrease price by your default Small Price increment and the larger arrows to adjust price by your Big Price increment These default increments may be set in the Settings Defaults menu under Increment Values see Settings Stop Price Displays the stop price when using SDOT Stop Market orders Use the Small up down arrows to the right of the window to increase or decrease the price by your default Small Price increment and the larger arrows to adjust the price by your Big Price increment These default increments may be set in the Settings Defaults menu under Increment Values see Settings Reserve Shows the amount of shares held in reserve from the total order size causing those shares to be hidden from the limit order books For example if ordering 1000 shares with the reserve set at 900 only 100 shares will be seen on the limit order book Note reserve orders are only good on ARCA INET BATS EDGX Use the small up down arrows to the right of the window to increase or decrease size by your default Small Size increment and the larger arrows to adjust size by your Big Size increment These default increments may be set in the Settings Defaults menu under Increment Values see Settings This window will only function when ord
71. It starts with an introduction of the primary control window the menu toolbar system and an overview of the feature window management The details of the settings for trading appearance system configuration and hotkeys are described next The settings details are followed by detailed description and usage guide for each feature window The manual is concluded with a glossary of terms used in trading Recommended Workstation Specifications Fusion Trading Solutions LLC recommends the following minimum specifications when using the Fusion DMA platform CPU Pentium 4 2GHz 2Ghz Dual Core Processor recommended Memory 2 GB RAM 4GB recommended Disk 100Mb Disk space NIC 100Mbps Full Duplex OS Windows XP Pro Windows Vista or Windows 7 Internet 3Mbps 10Mbps recommended 2012 Fusion Trading Solutions Page 5 Fusion DMA Manual Fusion DMA Basics Launching The Fusion DMA Installer will leave a desktop shortcut and an icon in your start menu To launch the program double click on the Fusion DMA icon on your desktop Q Fusion DMA Fusion DMA Control Window The first window to launch is the Fusion DMA Control window This is the primary window of the application for connecting configuring monitoring and controlling your experience The control window contains a quick launch bar a tabbed tool bar ribbon control a status bar and a center section that may be used to dock windows if docking is enabled Det
72. Link 5 Link 6 Link 7 Link 8 Link 9 Link 10 right side of the picker window to change the order in which the data is displayed Click OK to close the picker window and set changes 2012 Fusion Trading Solutions Page 127 Fusion DMA Manual e Change Font Selecting this opens a window that allows the user to change the font style and size Available Columns e Hide Header Display When selected sae hides column headers E Aski e Show Horizontal Lines Displays lines C Bidaamma between horizontal row items when T tale checked P Ask lty e Show Vertical Lines Displays lines aan between vertical columns when checked e Narrow Row Height When this is selected the rows will be narrowed allowing for a more compact display e Refresh on Change When selected allows real time data flow 2012 Fusion Trading Solutions gt gt lt lt Option Chain Columns Picker x Selected Columns Cancel Page 128 Fusion DMA Manual Placing Orders using the Click Entr Order Entry XOM 0031119 70 L Ox Window i ARAE H xom cos1119 70 ee 1 Double click on the line of the Series L 9 25 B 9 30 A 9 40 in which you are interested in cl 9 25 Lo 90 25 Hi 9 25 trading Order Entry Box will appear Sel Tre Pies 2 Make selections by using drop down E Use RealTime Bid sk C Last 0 z menus as to Side Destination Type Duration Size Limit Price Side Destin
73. MIT Change Level Fields Clicking this will pop up a window see Level JNJ Picker that will allow the user to select which data fields are displayed in XOM the Level area w D Change Background Clicking this generates a window that allows the user to select a different background color for the Market Maker window In the color selector window click the desired color from the pallet to select that color Use the slider arrow to the far right of the window to adjust the shade of the selected color After making desired selections click OK to set changes and exit selection window or Cancel to exit without making changes Settings See Settings Menu below Show Level2 Headers Checked on by default Checking un checking this will hide or display the header line located between the Level and Level Il areas of the Market Maker window that describes the Level II columns displayed Refresh Symbol Refreshes the data being displayed in the window Click Entry Checking this will activate the Point and Click Interface if the Market Maker window is not already displaying it Save Default Settings Clicking this will save the settings of the Market Maker window allowing the user to apply those settings to other Market Maker windows See Load Default Settings Load Default Settings Clicking this will apply the settings saved from another Market Maker window See Save Default Settings
74. Menu This menu may be accessed by right clicking in Stock List Change Levell Fields Change Background Settings Show Le Headers Refresh Symbol Two Sided Trade Entry Click Entry Save Default Settings Load Default Settings Set Price Alert Always on Top Available Fields the Market Maker window Level area Market Maker Levell Fields Picker Selected Fields Prey Change Prev Close Print Size Bid Ask Size Curr Imbalance Init Imbalance Imbalance Paired Imbal Ref Price 192 a Imbal Clr Price Imbal CO Price lt lt z Met Prev Met lt Opening Gap WAF Reg Imbalance Fields Row 1 6 4 k Cancel Market Maker Settings Showy Order Box Position E Only Primary Market Prints 8 Bottom Group Levels by Basis Points Position Line Top Symbol Inside Buttons Above Level 1 4 Show Labels Font Microsoft Sans Serif 11 Fit Text Inside Fit Symbol Name Level 2 Fill Colors Font Show Headers Solid Use Levell Font Use Fixed Size Vert Gradient l i 4 Show Scroll Bar 2 Horz Gradient cee EE UL Visible True ee a Align Vert Center Ask End Align Hotz Right Prints m no a Font Microsoft Sans Sernff 10 Reverse Gradient Color Cancel 2012 Fusion Trading Solutions Page 50 Fusion DMA Manual Stock List Shows the last 5 stocks in the MM SEE TEM window with a check mark Y next to current one O
75. Monitor from the dropdown menu This window is used to monitor the accounts or branches that are the responsibility of the Risk Manager or Branch Head The window displays Profit and Loss P amp L Exposure Option activity and the Requirements for the positions held by the account By setting the Branch filter to All the Risk Monitor Window will display all of the accounts that the user has permission to view Risk Monitor 0 x Trader Login Account Ac Equity BP Opt Exp a 150 709 80 000 000 364 000 364 000 14 049 14 049 6 000 350 000 54 600 0 134 253 10 000 000 277 160 277 160 10 665 10 665 500 266 500 41 574 0 24 622 500 000 130 545 130 545 8 388 8 219 21 500 57 000 19 580 0 731 274 4 861 799 19 840 18 160 7 720 6 450 78 362 1 030 5 649 840 22 591 3 000 000 0 0 6 825 0 79 518 0 0 0 73 185 3 250 000 712 648 303 720 6 575 1 205 57 489 43 370 125 273 0 95 778 1 000 000 792 893 289 395 6 358 6 358 0 32 688 221 054 17 506 3 802 3 500 000 0 0 6 074 0 32 100 0 0 0 71 523 2 500 000 0 0 4 835 0 231 384 O 0 0 28 882 2 000 000 130 967 36 379 4 777 369 55 510 10 394 19 630 0 12 106 310 000 301 407 301 407 4 593 4 593 0 81 911 45 099 0 17 098 750 000 0 0 4 561 0 29 760 O 0 0 25 920 3 500 000 0 0 4 523 0 91 772 0 0 0 15 355 6 000 000 0 0 4 489 0 40 646 0 0 0 122 186 5 000 000 890 283 171 269 4 379 1
76. O LYS 15 45 00 62 100 18 500 21 325 364 0 09 95 400 44 24 44 26 444 62 100 G 6 15 45 00 66 6800 11 900 19 431 721 0 06 128 800 13 38 13 39 13 65 66 600 LEI 15 45 00 34 300 34 300 19 600 734 0 1 1 200 3 68 3 40 O 34 300 Right click Menu Buy to Basket Sell to Basket w Show Buy Imbalances W Show Sell Imbalances Settings No Symbol Link Refresh P Link 1 Always on Top WM Link 2 WM Links Link 4 P Links E Link 6 E Link 7 P Links MB Links MM Link 10 Buy Sell to Basket Places all selected stocks into a Basket Order Entry window see Basket Order Entry Show Buy Imbalances Displays Buy side imbalances when checked Show Sell Imbalances Displays Sell side imbalances when checked Settings See Settings Menu Link This allows the Market Imbalances window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows Refresh Refreshes the data being displayed in the window Always on Top Keeps the window on top of all other windows 2012 Fusion Trading Solutions Page 88 Fusion DMA Manual Settings Menu Market Imbalances Filter Buy to Basket Sell to Basket Show Exchanges w Show Buy Imbalances NASDAG NYSE Preferred e Show Sell Imbalances oe a ee 5 ymibals Settings Filter All Set E Don petro Link y Cha
77. Settlement The price at which all outstanding positions in a stock or commodity are marked to market Typically the closing price Short interest Total number of shares of a stock that investors have sold short and that have not been repurchased to close out the short position The short interest is often an 2012 Fusion Trading Solutions Page 151 Fusion DMA Manual indicator of the amount of pessimism in the market about a particular security although there are other reasons to short that are not related to pessimism Short selling A trading strategy where an investor anticipates a drop in share price and borrows a certain number of shares from a broker The investor then sells the stock and buys it back if the share price drops pocketing the difference from the borrowed price Simple Moving Average SMA The arithmetic mean or average of a series of prices over a period of time The longer the period of time studied that is the larger the denominator of the average the less impact an individual data point has on the average Small cap issue A company that has a market capitalization between 1 and 5 Billion dollars Specialist A trader on the market floor assigned to fill bids orders in a specific stock out of his her own account when the order has no competing bid order to ensure a fair and orderly market Spiders An index fund tracking the S amp P 500 SPDRs Spiders are designed to track the value of the Standard amp Poor
78. Stop Price Enter price of the order when Stop Market Orders are placed e Use Trigger Price When this box is checked enter the amount you wish to add or subtract from the Trigger price before the order is sent e Attach Order Click this button to attach the order that will go out when the trailing stop is triggered e Remove Order Click this button to remove or un attach the order for the selected symbol Trailing Stops List When symbols are entered and added via the Add Remove Symbol area above they then appear in this list It is from this list that orders are attached for trailing The data columns displayed in this area may be customized to user s preference See right click menu options settings select columns Right Click Menu Show Trailing Stop Details Un checking w Show Trailing Stop Details this hides the Add Delete symbol area New Symbol New Symbol Moves your cursor focus to Delete Symbol the Add Symbol window Buy to Basket Delete Symbol Deletes selected symbol Sell bo Basket from Trailing Stops List Save Trallimas List Buy Sell to Basket Places all selected a Load Trailings List pos the use itions into a Basket Order Entry window see Basket Order Entry Settings Select Columns Save Trailings List Choosing this allows Always on Top Change Font trader to save all the symbols in the Trailing Stops list for future pl AA Sort on Header Click Lo
79. When unchecked copied algorithm will prompt the user to enter a custom name of the algorithm Always on Top Keeps the window on top of all other windows Page 105 2012 Fusion Trading Solutions Fusion DMA Manual Total Moves This window is only functioning in the PRE MARKET This window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Total Moves from the dropdown menu Total Moves DAY O X 7 Show NASDAQ ARMH Cu w Show MYSE w Show AMEX MICC Show OTC BE NYDA AAA AAA VMED No Symbol Link Change Font Link 1 See w Fixed Font MH Link 2 AIAG Change Background Color WM Links SHPGY Link 4 WPPGY Link 5 ASML Link 6 ERIC Link P Links AS E Link o El MN Link 10 AU ASMI AUDC This window is a real time streaming market filter that displays the stocks in which the most total ticks are occurring Up ticks are displayed in green downticks are displayed in red Right Click Menu Show NASDAQ Checking this displays stocks traded on the NASDAQ exchange Show NYSE Checking this displays stocks traded on the N Y Stock Exchange Show AMEX Checking this displays stocks traded on the American Stock Exchange Show OTCBB Checking this displays stocks traded on the Over the Counter Bulletin Board exchange Y Un checking any of the above will filter them out of the display Link This allows the Total Moves window to be linked to o
80. a maximum Volume amount in the Min and Max windows provided Exchange e NYSE Check this box to display data for stocks traded on the New York Stock Exchange e NASDAQ Check this box to display data for stocks traded on the NASDAQ e AMEX Check this box to display data for stocks traded on the American Stock Exchange e OTC Check this box to display data for Over the Counter Bulletin Board stocks After making desired settings changes as described above click OK button to apply changes and close the settings window 2012 Fusion Trading Solutions Page 114 Fusion DMA Manual Top Percent Gainers This window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Top Percent Gainers from the dropdown menu This window is a real time streaming Market Sorter that displays stocks realizing the greatest gains by percentage during the selected time span Top Percent Gainers DAY O X Settings No Symbol Link Change Font P Link 1 w Fixed Font WM Link 2 Change Background Color WM Links Link 4 Links Link 6 P Link P Links E Links E Link 10 Right Click Menu Settings See Settings Menu Link Allows Top Percent Gainers window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows Ch
81. ad Trailings List Choosing this allows the trader to load Hide Header Display previously saved Trailing Stops lists w Show Horizontal Lines w Show Vertical Lines Settings See Settings Menu Always on Top Keeps the window on top of all other windows 201 2 Fusion Trading Solutions Page 98 Fusion DMA Manual Settings Select Columns Selecting this will open a Columns Picker window which will allow the data to be customized to the trader s Available Columns Selected Columns preference Use the arrows between the Side Symbol Trailing Stops Columns Picker x Available Columns and the Selected seal ies Columns to choose the data to be Duration Max Price displayed Use the arrows at the right are encon Reserve Last side of the picker window to change the Limit Price Bid order in which the data is displayed Click Stop Price gt gt Ask Ok to close window and set changes lt lt m Change Font Opens a window that allows the user to change font style and size Click OK to close window and set changes Change Colors Opens a window that allows the user to change the colors of OK Cancel background and text of items Click OK to close window and set changes Sort on Header Click Allow the user to sort data by clicking on column headers Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines betwe
82. ails on each tab of the toolbar are provided below Getting Connected The first tab of the toolbar ribbon is the Connect tab This tab allows you to Connect Disconnect from the platform The connect window allows the entry of username and IP address Normally you will not need any additional settings unless directed by Support to change them in the settings window F 4 W T oR TS Fusion DMA mge FUSIN s connect WA os Settings Open Windows Style 7 W User Mame FOMADEMO Input 0 00 IP Address 10 100 10 10 cpu E Account Connection Info Disconnected 14 30 05 FDMADEMO 10 100 10 10 0 00 Wer 4 5 10 8 After entering user name press the Connect button E Login x User Name FOMADEMO Connect Password mm OK Cancel Enter your USER ID and PASSWORD Click the OK button 2012 Fusion Trading Solutions Page 6 Fusion DMA Manual After successfully logging in the following information is displayed on the Control Panel To Log Off of Fusion DMA click on the Disconnect SEES button LR Fusion DMA 5 x l FUSION zana Click here to Connect Windows Settings Open Windows 7 Style 7 W load the manual User Mame FOMADEMO Input 152 IF Address 10 100 10 10 m Ey Disconnect CPU d Fusion DMA Account FORIAO0 ERA Shows how much Account connection Info a of the processor Number
83. all liabilities per share This ratio measures the stock s value relative to its net assets A high ratio for instance might suggest that a stock is overvalued 2012 Fusion Trading Solutions Page 150 Fusion DMA Manual Price to cash flow ratio The ratio found by dividing a stock s price per share by its cash flow per share This ratio similar in type to the price earnings ratio serves aS a measure of investors expectations on a firm s future financial success Put option The right given a buyer to sell stock at a specified price within a specified period of time Q Quick ratio Indicator of a company s financial strength or weakness Calculated by taking current assets less inventories divided by current liabilities This ratio provides information regarding the firm s liquidity and ability to meet its obligations Also called the Acid Test Ratio R Range The difference between the high and low price during a given period Real Estate Investment Trust REIT A publicly traded association which pools investors money to purchase a variety of real estate related investments such as office buildings shopping centers medical facilities and hotels Real rate of return The percentage of return on an investment over one year after adjustments for inflation or deflation Regional stock exchanges Organized national securities exchanges located outside of New York City and registered with the SEC They include the Bosto
84. and drag items into the window when checked Real Time Sort When this is selected the Stock Sorter will automatically arrange the order of the stocks displayed on the list based on real time data 2012 Fusion Trading Solutions Page 58 Fusion DMA Manual Bring MM to Front Selecting this will bring any Market Maker windows that are linked to the Personal Stock Sorter to the front of any other windows that may be covering them Highlight Entire Row When this is selected the color indicating tick direction will be displayed on the entire row When this is un checked the color indicator will only display on the Last column Flash Last Print Selecting this will cause the price in the Last column to flash with every print Narrow Row Height When this is selected the rows will be narrowed allowing for a more compact display Show Scroll Bars When this is selected the Personal Stock Sorter window will display scroll bars Show Last Vol x 100 When this ts selected the Last Vol last print volume will be displayed as the whole number For example if the print was for 500 Shares the display will show 500 When Personal Stock Sorter Columns Picker x Avallable Columns le Net From Open Open Quantity PEL Per Share Avg Price InitImE Tick Net From High Met From Low From High Fromm Low Opening Gap Order Tier Size From Oper Opening Gap HTE l rutlrb
85. ange Font Selecting this opens a window that allows the user to change the font style and size Fixed Font Checking this will keep the font size when re sizing the window Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2012 Fusion Trading Solutions Page 115 Fusion DMA Manual Top Percent Gainers Settings Time Span Price Price Range 2 2 Minutes 3 Minutes Min 0 Max 0 Min 0 Max 0 75 Minutes 5110 Minutes Average Volume Change 315 Minutes Mir D Maw U Min D Max U 520 Minutes 930 Minutes 45 Minutes Volume Rate Exchange 60 Minutes r C eo NYSE NASDAQ in Day En FAME FJOTC Stock Court 20 OF Cancel Settings Menu Choose Settings from the right click menu to open the Top Percent Gainers Settings filter window e Time Span Choose the time span that the window will display data for by clicking the box to the left of the desired interval e Stock Count This window reflects how many stocks will be displayed at one time Use the arrows to the right to adjust quantity e Price These windows allow the user to filter stocks based on the per share price of the stock Enter a minimum and or a maximum price in the Min and Max windows provided e Price Range These windows allow the user to filter stocks based on the price r
86. ange the stock has traded in during the selected time span For example If a stock trades from 20 00 to 21 00 during the selected time span the Price Range would be 1 00 e Average Volume These windows allow the user to filter stocks based on the Average Daily Volume the stock trades calculated from historical data Enter a minimum and or a maximum Volume amount in the Min and Max windows provided e Change These windows allow the user to filter stocks based on the amount of price change the stock has realized during the selected time span Enter a minimum and or a maximum price in the Min and Max windows provided e Volume Rate These windows allow the user to filter stocks based on the actual Volume traded during the selected time span Enter a minimum and or a maximum Volume amount in the Min and Max windows provided e Exchange e NYSE Check this box to display data for stocks traded on the New York Stock Exchange e NASDAQ Check this box to display data for stocks traded on the NASDAQ e AMEX Check this box to display data for stocks traded on the American Stock Exchange e OTC Check this box to display data for Over the Counter Bulletin Board stocks After making desired settings changes as described above click OK button to apply changes and close the settings window 2012 Fusion Trading Solutions Page 116 Fusion DMA Manual Top Percent Losers This window may be opened by
87. arket SUE ep Trader Keys gt 1 O Price Level Level Group Size U Q00000 Level Group Basis 0 000000 Precision 2 2 gt El ECH Display ECH ARCA Group Size 0 000000 Type Full 3 A Price Preference Use Preference by Size True Preference by MM List 4 El Display Quotes Display Regional Trades True Display Regional Quotes True Display Only ECH After Close True Display L1 as MM Best Price True Display Only ECN Before Opening False Display ECN Prints in Extended Market True Last Print only from Primary Exchanges False 5 A Preferences Clear Box False Enable Click Entry False Right Mouse Fast Orders False Show Open Orders True Box Realtime Prices False Fired MM and Price False Lock MM False Lock Price False Box gt Preference False Box Follow Me Price False OF llo Cancel Apply 2012 Fusion Trading Solutions Page 27 Fusion DMA Manual 1 Price Level e Level Group Size This window reflects how many prices levels will be grouped together in the quotes area of the Market Maker and Books windows sharing the Same background color Example 0 1 groups the prices from 1 10 to 1 20 into the same price level color e Level Group Basis This function is currently unavailable e Precision The number entered into this window reflects the number of digits that will be displayed to the right of the decimal point in quotes and prints prices Settings m e e 4 keyboard Layout Market S
88. aster fonts scaling is enabled which means that more font sizes are available but the quality may be lower Bold italic underline and strikeout fonts are synthesized if necessary Proof Character quality of the font is more important than exact matching of the logical font attributes For GDI raster fonts scaling is disabled and the font closest in size is chosen Although the chosen font size may not be mapped exactly when Proof_Quality is used the quality of the font is high and there is no distortion of appearance Bold italic underline and strikeout fonts are synthesized if necessary Non Antialiased Font is never antialiased that is font smoothing is not done Antialiased Setting for smoothing out jagged lines in Fusion DMA s graphical computer output Clear Type Attempts to improve the appearance of text on certain types of computer display screens by sacrificing color fidelity for additional intensity variation This trade off is asserted to work well on LCD flat panel monitors Clear Type Natural TBD t_is Global When True assigns the font selected above to all Fusion DMA win dows Fusion Trading Solutions Page 26 Fusion DMA Manual Market Tab This window can be accessed by clicking Settings at the top of the Fusion DMA Control panel and then clicking the Market tab The Market Tab provides custom options for the Market Maker window Settings x 4 ve keyboard Layo ut M
89. ation Type Duration Size Reserve Limit Price Stop Price oe ii a ee j a E T F oo T 2 oh Placing Orders using the Market Maker Window 3 Link Market Maker Window to the Option Chain Window by left clicking on Call Bid Call Ask or Put Bid Put Ask the MM window will populate the current information for that Series 4 Utilize Hot Keys such as Venue Box to select the Destination and placing orders Market Maker XOM 031119 70 INET O x 3 KOM GOSTII9 70 4 L D XOM CO31119 70 B 950 A 949 3 12x nos E aw Ie a cl Op uf Lo 925 Hi 9 20 i Ri Pr 0 Py 0 1 PHLX 1 PHLX 391 PHLX 9 20 9 20 9 20 2012 Fusion Trading Solutions Page 129 Fusion DMA Manual Chart To access a Chart click on the Windows on the Fusion DMA control panel and choose Chart from the menu The Chart option will only be available to you if you are paying Chart Data Fees Chart SPY 3M OX 3M O S olidCandie Simple Moving Average a 33 Zooml Reset Refresh Es 0136 75 4157 05 L 156 35 0136 54 137 00 136 90 SPY VOLUR zje 246 gt Symbol Box Type a stock symbol here and hit Enter on keyboard and the chart for that stock will load Symbols will also load automatically into this box if you have the Chart linked to a Market Maker or Personal Stock Sorter window gt Interval Box By clicking the down arrow you can select the time frame for the
90. ay be used to either enter positions or it may be used as a stop to exit positions When being used in a stop capacity the trader must remember to Un attach the order if the position that an attached order was intended to cover is exited prior to the alert triggering o2012 Fusion Trading Solutions Page 96 Fusion DMA Manual Trailing Stops Window The Trailing Stops may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Trailing Stops from the dropdown menu The Trailing Stops window may be divided into 3 sections Add Remove Symbol Order Details and Trailing Stops List Trailing Stops 1 Trailing Stop Details Symbol Price to Follow Price Difference ouo Auto Reset Trigger Last Bid Ask e Last Bid Ask Add Delete Reset 2 Y Order Details Side Destination Type Duration Size Reserve CTS E 500 gt fo Limit Price Stop Price lc sa F 4 b A Use Trigger Price jo Te Attach Order 1 Add Remove Symbol Remove Order Symbol Price Diff Base Price Max Price Current Diff Last Bid Ask O O UES 131 65 131 66 e Symbol Type the Symbol of the stock here e Price Difference Reflects the amount you wish to trail the position by For example if you wish to trail by 10 cents the price difference would be set at 0 10 e Auto Reset Automatically resets Max Price to Base Pric
91. based on the number of stocks whose last trade was an uptick or a downtick Used as an indicator of market sentiment or psychology to try to predict the market s trend Time value of an option The portion of an option s premium that is based on the amount of time remaining until the expiration date of the option contract and the idea that the underlying components that determine the value of the option may change during that time Time value is generally equal to the difference between the premium and the intrinsic value Tracking stock A stock that is issued to track a certain division of a company This allows managers and executives for each division to have rewards and compensation tied to the overall performance of the part of the company they control Trading range The difference between the high and low prices traded during a period of time for commodities the high low price limit an exchange establishes for a specific commodity for any one day s trading Trailing Stop A stop loss order that follows the prevailing price trend Treasury bills Debt obligations of the U S Treasury that have having maturities of one year or less Maturities for T bills are usually 91 days 182 days or 52 weeks Treasury bonds Debt obligations of the U S Treasury having maturities of 10 years or more Trendline A line drawn that connects either a series of highs or lows in a trend The trendline can represent either support as in an uptrend line or res
92. by selecting a new color from a pallet 2012 Fusion Trading Solutions Page 111 Fusion DMA Manual Top Gainers Settings Time Span Price Price Range 2 Minutes l 3 Minutes Min 0 Max 0 Min 0 Max 0 5 Minutes 10 Minutes Average volume Change 15 Minutes Min O Max 0 Min O Max O 0 Minutes 530 Minutes 0 45 Minutes Volume Fate Exchange NYSE NASDAOQ a 60 Minutes l F Day Min 0 Max O FAME Fjore Stock Count 30 E OF Cancel Settings Menu Choose Settings from the right click menu to open the Top Gainers Settings filter window Time Span Choose the time span that the window will display data for by clicking the box to the left of the desired interval Stock Count This window reflects how many stocks will be displayed at one time Use the arrows to the right to adjust quantity Price These windows allow the user to filter stocks based on the per share price of the stock Enter a minimum and or a maximum price in the Min and Max windows provided Price Range These windows allow the user to filter stocks based on the price range the stock has traded in during the selected time span For example If a stock trades from 20 00 to 21 00 during the selected time span the Price Range would be 1 00 Average Volume These windows allow the user to filter stocks based on the Average Daily Volume the stock trades calculated f
93. chart to display information e Daily e Weekly e Monthly e Tick e Minute Charts 1 2 3 5 10 13 15 30 45 60 This setting can also be accessed from the Right Click Menu gt Bar Style Box By clicking the down arrow you can select the bar style for the chart e Solid Candle e Line Chart e Hollow Candle e Stock Bar e Stock Bar HLC This setting can also be accessed from the Right Click Menu gt Indicator By clicking on the down arrow you can select from a variety of line studies to be overlaid onto the chart After opening the drop down menu select the study you want by checking the box next to the name of the study This setting can also be accessed from the Right Click Menu 2012 Fusion Trading Solutions Page 130 Fusion DMA Manual gt Buttons By clicking these buttons you can zoom out or in on the chart The minus button will show more bars in the chart window gt Left Right Arrow Buttons By clicking these buttons it will change the time frame that is being displayed gt gt gt Button Snaps the chart window to the most recent time gt Zoom To zoom in on a series of bars select the ZOOM button The cursor will turn into a magnifying glass Place the magnifying glass cursor over the area you want to zoom in on and left click and drag the cursor This will place a blue highlight over the area that you will zoom into Let go of the mouse button and the area in blue will be zoomed in To
94. ck this button to Un select all the Keys in the Trader Key list e Trader Key List This area displays all the Trader Keys that have been created To update or make changes to a Key click on it in this list to select it prior to making changes hI 2012 Fusion Trading Solutions Page 39 Fusion DMA Manual Trading Tab This window can be accessed by clicking Settings at the top of the Fusion DMA Control panel and then clicking the Trading tab settings X 4 Sweep Trader keys Trading Plugin Settings gt Check Spread Hunt Algorithm Pay thru Amount Sounds for Executions Hever Route Orders Outside Preferences Calculate PnL Unacknowledged Orders HAHA E E E E E El OF l Cancel Apply 2012 Fusion Trading Solutions Page 40 Fusion DMA Manual 1 Check Spread Allows you to set a limit on the spread If the spread between best bid and ask exceeds the value that you set all orders will be rejected To disable this function select False e Show Warning Message Will pop up a message asking you to reconfirm if you want to place this order even though it is hitting your spread limit Settings x q p Market SEED Trader keys Keyboard Trading lb Check Spread O Spread Limit Use Spread Lirit False Spread Limit 0 000000 show Warming Message False 2 Hunt Algorithm These settings are to customize how the hunt order will function e Expiration Time This time in
95. cking Settings at the top of the Fusion DMA Control panel and then clicking the Layout tab Settings x q aa Colors Connections Defaults Keyboard Layout P 1 E Layout Log Directory CFusion OMA Logs Profile Directory LA Fusion DMA Profile Save Layout Load Layout 2 El Keys Load Keps 3 O Level Line Spacing 1 00 4 O Market Maker Lists Lowercase MM MM Text Colors MM Back Colors Underline Mr Hide MM 5 E Preferences Ask for Save Layout when Exit True Highlight Windows False Select Entire MM backgroud False NYSE Keep Price Level False Top Dpenbook Keep Price Level False Enable Docking Windows True Enable ideo Buffering False 6 Font Font Type MS Reference Sans Sent 1 Font Quality Clear Type Natural Font i Global True OF Cancel Apply 1 Layout e Log Directory This displays the path that your log file will be stored in on your computer The log file is used by the support team to look at any trade issues or connection problems you may have To change the location click this licon e Profile Directory This displays the path that your profile will be store in on your computer The profile is the file that contains your entire Fusion DMA layout To change the location click this _Jicon 2012 Fusion Trading Solutions Page 24 Fusion DMA Manual e Save Layout Selecting this button will allow you to manually save your layout e Load Layout Selecting this button will allow you to
96. current open orders co N P amp L Right Click Menu Select Columns Pnl Bar Columns Picker x Change Font A Rad sent Available Columns Selected Columns Change Background Color aa otal PaL Always on Top S Total Shares T Ticket Avr l l l Exp Upen Profit Select Columns Selecting this will open a ValOpen Equity Columns Picker window which will allow mu P Positions the data that is displayed in P amp L Bar E window to be customized to the trader s Lg CPL Tot Prb wl 7 preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click Ok to close window and set changes Change Font Opens a window that allows the user to change font style and size Click Ok to close window and set changes Fixed Font Checking this will keep the font size when re sizing the window Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet Always on Top Keeps the window on top of all other windows Ok Cancel 2012 Fusion Trading Solutions Page 72 Fusion DMA Manual Order Entry Window The Order Entry window may be opened by clicking windows at the top of the Fusion DMA control panel and selecting
97. d close the settings window 2012 Fusion Trading Solutions Page 122 Fusion DMA Manual Crossed Locked Window This window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Crossed Locked from the dropdown menu This window is a real time streaming market filter that displays stocks that are Crossed stocks that have a higher Bid price than Ask price on different exchanges and Locked stocks that have the same Bid Ask price Time Symbol Bid Ask Cross 22 600 2 200 31 0000 T 1500 Right Click menu 7 Show NASDAQ w Show WYSE 7 Show AMEX Show OTC BB e Show NASDAQ Checking this displays stocks traded on the NASDAQ Exchange e Show NYSE Checking this displays stocks traded on the N Y Stock Exchange e Show AMEX Checking this displays stocks traded on the American Stock Exchange e Show OTCBB Checking this displays stocks traded on the Over the Counter Bulletin Board exchange Y Un checking any of the above will filter them out of the display 2012 Fusion Trading Solutions Page 123 Fusion DMA Manual Indices Bar Window This window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Indices from the dropdown menu Add Indices SPX 1 281 87 14 52 SCOMPO 2 667 33 33 64 Refresh Change Font w Fixed Font w Show 4 Decimals oP F 1 274 90 15 60 NO E 2 246 25
98. ded into 4 sections Add Remove Symbol Alert Mode Order Details and Price Alerts List Price Alerts OX Price Alert Details Symbol Below Price Above Price O N Trigger Comment Last C Bid Ssk MA ld 2 Alert Mode 7 Pop Up Window MextBolora BackiColor Ply Sound ME gt Add Phantom Position Delete Alerts After Trigger 3 Y Order Details Price Alert Side Destination Type Duration Size e Beserve Limit Price Stop Price 00 gt N e e P Attach Activate Order 4 Below 1 Add Remove Symbol Price Alert Details e Symbol This is where you type the stock or index symbol e Below Price Enter the low price at which the stock must trade to trigger the alert Above Price Enter the high price at which the stock must trade to trigger the alert e Trigger To select whether the Alert triggers off Last price Bid Or Ask click the appropriate box e Comments Type comments in this window that will appear in the Pop Up window if selected when the alert is triggered e Add After typing the stock symbol and setting below price above price or both add the stock to the alert list by clicking the Add button e Update To update the parameters of the alert for a stock already in the alert list e Delete To remove a stock from the alert list click on the symbol in the list to select it then click Remove button to remove it e New Clears the ale
99. dow to change the order in which the data Is displayed Click Ok to close window and set changes Change Font Opens a window that allows the user to change font style and size Click Ok to close window and set Pairs Trading Manager Columns Picker x Selected Columns Pair Mame Arvalable Columns Orders Sizes changes Wait to Execute Description Pending Sizes Details Change Colors Opens a window that Cent Sizes Symbol allows the user to change colors of PaT er y background and text of items Click Ok Symbol Pel eden to close window and set changes e gt gt ilps Spread a ymbo valuation Sort on Header Click Allow the user to Lecl Realized Spread sort data by clicking on column headers Pair Sizes Simboll Size Hide Header Display Hides column bel see headers when selected Multiplier Show Horizontal Lines Displays lines lites between horizontal row items when Status checked Show Vertical Lines Displays lines DK Cancel between vertical columns when checked Drag amp Drop Allows user to left click hold and drag items into the window when checked Space Evenly for Buttons When checked vertically aligns control buttons on the right side of Pairs Trading Manager window Show Warning Messages When checked will pop up a message asking you to reconfirm you want to place the order Get Automated Names for Copies When checked copied algorithm will be assigned an automated name
100. dows Refresh Refreshes the data being displayed in the Indices window Change Font Selecting this opens a window that allows the user to change the font style and size Fixed Font Checking this will keep the font size when re sizing the window Show 4 Decimals When selected this will display all Indices with 4 decimal places instead of the default two Add Remove Indices gt gt gt VV gt Symbol Enter the symbol in the box Add Click on the add button to enter the symbol into the list Remove Click on the symbol in the list to highlight it and then click the Remove button Indices List This displays all the stocks that are to be displayed Up Down Arrows Click on the up and down arrows to move the highlighted symbol up or down in the list Indices Row This will set how many symbols will display for each row After making desired changes click the OK button at the bottom to close the Select Indices window and set changes into the Indices Bar 2012 Fusion Trading Solutions Page 125 Fusion DMA Manual Option Chain The Option Chain may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Option Chain from the dropdown menu The option chain lists the available call and put strike prices for an underlying security and the month of expiration for each available option In the option chain below the call options are listed on the lef
101. e if price returns to base price level e Price to Follow Use check boxes to indicate whether to follow or trail position based on last price Bid price or Ask price e Trigger Use check boxes to indicate whether trigger stop based on last price Bid price or Ask price e Add Clicking this button adds the symbol shown in the symbol window to the Trailing Stops list e Delete To remove a stock from the alert list click on the symbol in the list to select it the click Remove button to remove it e Reset Clicking this button resets Max Price back to Base Price 2012 Fusion Trading Solutions Page 97 Fusi 2 on DMA Manual Order Details Orders may be attached to Trailing Stops causing orders to be automatically sent when the criteria is triggered Click the arrow gt to expand the window to display the Order Entry interface Click the arrow W to collapse the Order Entry interface e Side Select whether the order will be to Buy Sell or Short e Destination Select exchange venue the order will be sent to e Type Select the Order type such as Limit Market etc e Duration Select the duration of the order e Size The number of shares being ordered e Reserve The number of shares being held in reserve or hidden from view on the limit order books e Limit Price Enter price of the order when Limit Orders are placed e
102. e These windows allow the user to filter stocks based on the actual Volume traded during the selected time span Enter a minimum and or a maximum Volume amount in the Min and Max windows provided Exchange e NYSE Check this box to display data for stocks traded on the New York Stock Exchange e NASDAQ Check this box to display data for stocks traded on the NASDAQ e AMEX Check this box to display data for stocks traded on the American Stock Exchange e OTC Check this box to display data for Over the Counter Bulletin Board stocks After making desired settings changes as described above click OK button to apply changes and close the settings window 2012 Fusion Trading Solutions Page 118 Fusion DMA Manual Top Ranges This window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Top Ranges from the dropdown menu This window is a real time streaming Market Sorter that displays stocks that have traded in the widest price range by dollar value during the selected time span Top Ranges DAY _ O X Settings BRK A 2 350 99 2 No Symbol Link 33 00 Change Font P Link 1 20 59 Fixed Font MW Link 2 22 00 Change Background Color MW Links 19 12 O Link 4 19 00 E Links E Link 6 12 50 Link 7 11 52 P Links 11 46 M Link o 11 01 E Link 10 Right Click Menu e Settings See Settings Menu e Link Allows Top Ranges window to be
103. e Default Settings Selecting this saves the current layout of the Personal Stock Sorter Window Load Default Settings Selecting this loads and applies a previously saved layout of a Personal Stock Sorter window to a newly opened Stock Sorter window Always on Top Keeps the window on top of all other windows Settings Menu The settings menu may be accessed by right clicking anywhere in the Personal Stock Sorter and then selecting Settings The following options are available in the Settings menu Settings Auto Add to Sorter Auto Add to Sorter Selecting this will automatically add any symbols typed into a a a Market Maker window into the Personal Stock G TEE Sorter A Linki Auto Add Executions Selecting this will Select Columns EF automatically add execution info into the Personal Change Font E ki Stock Sorter Anene Eai E Link4 Add Label Selecting this allows the user to apply a Sort on Header Click E Links custom label to the title bar at the top of the Hide Header Display E Link 6 Personal Stock Sorter window After selecting this Show Horizontal Lines J Link function simply type the desired label into the show Vertical Lines E Links space provided in the Enter Label window and then Sie IE 3 Lo Real time Sort E Link 10 click the OK button to apply the label Link Allows Personal Stock Sorter window to be sane Highlight Entire Rows linked to other windows Select a color from the
104. e and size Click OK to close window and set changes Sort on Header Click Allow the user to sort data by clicking on column headers Real time Sort When this is selected the Pre Market Indications will automatically arrange the order of the stocks displayed on the list based on real time data Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked Drag and Drop Allows user to left click hold and drag items into the window when checked 2012 Fusion Trading Solutions Page 87 Fusion DMA Manual Market Imbalances The Market Imbalances window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Market Imbalances from the dropdown menu The Market Imbalance window displays stocks that have an imbalance of remaining Buy Sell Market on Close Orders that are not matched for execution Imbalances o 2s Symbc Init Time Init Imb Curr Imb olume Vol Paired Yol Ref Price Clr Price CO Price Reg Imb MRK 15 45 00 59 300 14 100 11 676 461 0 12 343 300 32 07 32 58 32 65 59 300 RTM 15 49 00 28 500 16 700 27 696 272 0 63 20 200 21 02 91 02 o O Q 15 45 00 84 000 10 600 18 676 632 0 06 221 200 6 74 6 74 0 84 000 PRU 15 45 00 31 600 2000 8 446 721 0 02 134 100 627 56 627 50 28 02
105. e list to local computer drive e Calls Saves only Call series e Puts Saves only Put series e Calls Puts Saves Calls and Puts series windows Load Default Settings Applies customized format previously saved Settings Allows further window customization See Settings Menu Always on Top Keeps the window on top of all other windows Settings Menu e Link Allows Option Range Chain window to be Sort by linked to other windows Refresh Select a color from the eae dropdown list that Save Default Settings matches the link bar on Load Default Settings the window you wish to link to or select link to ail l ways on To all to link to all linkable 723750 P select columns windows Change Font e Select Columns Selecting this will open an Option Chain Columns Picker window which teca e will allow the data that is displayed in the show vertical Lines Option Chain window to be customized to the y Narrow Row Height trader s preference Use the arrows between w Refresh on Change the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the Hide Header Display ds Month Strike Calls Puts Calls amp Puts b L El El LI Save Default Settings Saves applied preferences as template for new option chain Mo Symbol Link Link 1 Link 2 Link 3 Link 4
106. e of the stock Enter a minimum and or a maximum price in the Min and Max windows provided Price Range These windows allow the user to filter stocks based on the price range the stock has traded in during the selected time span For example If a stock trades from 20 00 to 21 00 during the selected time span the Price Range would be 1 00 Average Volume These windows allow the user to filter stocks based on the Average Daily Volume the stock trades calculated from historical data Enter a minimum and or a maximum Volume amount in the Min and Max windows provided Change These windows allow the user to filter stocks based on the amount of price change the stock has realized during the selected time span Enter a minimum and or a maximum price in the Min and Max windows provided Volume Rate These windows allow the user to filter stocks based on the actual Volume traded during the selected time span Enter a minimum and or a maximum Volume amount in the Min and Max windows provided Exchange e NYSE Check this box to display data for stocks traded on the New York Stock Exchange e NASDAQ Check this box to display data for stocks traded on the NASDAQ e AMEX Check this box to display data for stocks traded on the American Stock Exchange e OTC Check this box to display data for Over the Counter Bulletin Board stocks After making desired settings changes as described above
107. eader Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked Drag and Drop Allows user to left click hold and drag items into the window when checked 2012 Fusion Trading Solutions Page 78 Fusion DMA Manual ECN Books The ECN Exch Books window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting ECN Exch Books from the dropdown menu The ECN Exch Books window displays the Limit Order books for the major ECN exchanges ECN Book AAPL O x 11100 Bid Size MMID ASK EDGA 3951 62 1T ARGCA 351 05 EDGA 1 BATS 351 60 pl pd pl po po pop pl A A Ap E Oe Se Oe eS Be E 1 1 E 1 2 2 2 4 J 4 1 4 Symbol window Type symbols into this window and then press Enter key to set the symbol into the window Link Button Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows Right click Options Settings Refresh Symbol Always on Top Settings See Settings Menu below Refresh Symbol Refreshes the data being displayed in the window Always on Top Keeps the window on top of all other windows 2012 Fusion Trading Solutions Page 79 Fusion DMA Manual Boo
108. ected in the Venue Window The options for TIF Price Routable and Destination are the same as described above El Post Balance Use Post Balance True Venue ARCA TIF DAY Price PAYTHALI Aoutable False Destination AROUC Page 35 Fusion DMA Manual e Pay thru Amount e Small The price value entered into this window will be added or subtracted to the limit price when using Smart Sweep Small Buy Sell key commands See Settings Keyboard e Big The price value entered into this window will be added or subtracted to the limit price when using Smart Sweep Big Buy Sell key commands See Settings Keyboard O Pay thru Amount Small 0 010000 Big 0 100000 A DAY Orders Expiration Time sec T e Day Orders e Expiration Time This setting allows the trader to set how long Day orders will remain open before being automatically cancelled Enter a time in seconds into the provided window If no time 0 is set Day orders will remain open on the Venue s limit order book until filled cancelled by the trader or until the end of the day 2012 Fusion Trading Solutions Page 36 Fusion DMA Manual Trader Keys The settings on this page allow traders to create custom Order Execution keys r Settings TS trader kev TE Name oi BID ave Key Despi Wrdo hanges Shotcut a E ear Left Right System Key Size Fraction Box Destinat AACA Use Lot E V2 Dl Close E ze Jo gg
109. elds layout and much more Behavior includes trading defaults hot keys data filtering performance customization and much more The customizations are controlled via settings which are stored in the user s profile These settings are accessed and modified from the settings menu which is split into categories as detailed below When exiting Fusion DMA the user will be prompted to save their profile Answering Yes will allow settings changes to be remembered next time Fusion DMA is opened answering No reverts to the last good profile Categories Settings windows are separated into categories in the settings tab of the control center e Connections Client Portal Addresses eSignal Settings e Basket Check Spread Default Size Real Time Prices Price Adjustment Preferences e Colors Fully customizable colors for Text Background Price Levels Quotes Positions Prints etc e Defaults Size Increment Values Duration Venues Selection Order Strategy Cover Strategy Preferences e Keyboard Customizable hotkeys for Orders Size Venue Stock Locate Preferences e Layout Layout settings Line Spacing Market Maker preferences Docking Windows Fonts e Market Price Level ECN Display Price Preference Display Quotes options Box choices e Sweep Sweep Waves for NYSE amp NASDAQ Smart Sweep settings and preferences e Trader Keys Hotkeys designed and customized by individual trader for specific operations
110. en horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked 2012 Fusion Trading Solutions Page 99 Fusion DMA Manual Using the Trailing Stops Window Trailing Stops O x Trailing Stop Details Symbol Price Difference ui B a Auto Reset Price to Follow Trigger Last Bid GJAsk e Last Bid J sk Add Delete Reset kd Order Details Side Destination Type Duration Size Reserve Limit Price Stop Price ETA fs00 2fo fiif s Use Trigger Price 0 z E Attach Order NN Remove Order Symbol Price Diff Base Price Max Price Current Diff Last Bid Ask 0 o NES 131 65 131 66 gt Step 1 Type the symbol of the stock you wish to trail into the Symbol window then click the Add button gt Step 2 Click on the symbol in the Trailing Stops list to select it then set the Price Difference the amount you want to trail the position by by either typing the price into the Price Difference window or using the arrows to the right of the window gt Step 3 With the symbol still selected choose the desired Price to Follow and Trigger by checking the appropriate box Last Bid or Ask for each gt Step 4 Expand the Order Details interface by clicking the arrow to the left of the words Order Details gt Step 5 Click on the symbol in the Trailing Stops list to select it and then set up the order that will be sent when the
111. ency established to insure deposits of all US banks entitled to federal deposit insurance as stated by the Federal Reserve Act Federal Reserve Bank The governing central bank of the US Federal Open Market Committee The policymaking committee of the Federal Reserve Bank They meet on a regular basis to make decisions on economic policy Fill An executed order sometimes the term refers to the price at which an order is executed Filter A device or program that separates data signal or information in accordance with specified criteria Float The number of shares currently available for trading Floor Traders Employees of brokerage firms working on exchange trading floors 2012 Fusion Trading Solutions Page 146 Fusion DMA Manual Front Loaded Commission and fees taken out of investment capital before the money is put to work Front Month The first expiration month in a series of months Front Running The practice of trading ahead of large orders to take advantage of favorable price movement Brokers are prohibited from this practice Fundamental analysis An analysis of stocks based on fundamental factors such as company earnings growth potential etc to determine a company s worth strength and potential for growth Futures contract Agreement to buy or sell a set number of shares of a specific future in a designated future month at a price agreed upon today by the buyer and seller A futures contract differs from an
112. enerated by the use of assigned box order keys will appear at the top of the Market Maker window as opposed to the default bottom display e Above When selected order boxes generated by the use of assigned box order keys will appear above the Market Maker window as opposed to the default bottom display Level e Show Labels When checked will show field headers for Level e Fit Text Inside When checked all Level fields will be adjusted to fit the view of the Market Maker e Fit Symbol Name When checked the full company name will be displayed in MM e Font Clicking this spawns a window that allows the user to change the font used in the Market Maker window Select the font type style and size by clicking the desired choice in the list windows The Sample window shows what the font looks like After making desired selections click OK to set changes and exit selection window or Cancel to exit without making changes Level e Show Headers When checked Level II column headers will be displayed e Use Fixed Size This will keep the font at the same size when expanding or shrinking the market maker window e Show Scroll Bar Checked on by default Checking un checking this will hide or display the scroll bar to the right of the Level Il Bid Ask columns The scroll bar allows the viewing of the lower level quotes in the Level II area Fill Colors e Solid When selected custom solid colo
113. erence MM x display quotes at the same price level from selected ECNs Add Remove in a desired order in the Market Maker Books Windows ARCA INET To give display preference to an ECN type the ECN i e EDGY INET into the provided window then click the ADD button below the window to add it to the list below You can further change the order in which the ECN s quotes will display by selecting the ECN from the preference list and using the up down arrow buttons to the right to change the order of display 4 Display Quotes 2012 Settings x q j Connections Defaults keyboard Layout Market d Price Level ECH Display Price Preference O Display Quotes Display Regional Trades True Display Regional Quotes True Display Only ECH After Close True Display L1 as MM Best Price True Display Only ECM Before Opening False Display ECN Prints in Extended Market True Last Print only from Primary Exchanges False Display Regional Trades When this box ts True trades executing on Regional Exchanges will be displayed in the prints area of Market Maker and ECN Books windows Display Regional Quotes When this box is True quotes from Regional exchanges will be displayed in Market Maker windows Display Only ECN After Close When this box is True only quotes from ECN s will be displayed after the Close Display L1 as MM Best Price When this box is True Level 1 quotes will reflect the best price available from
114. ering from the electronic exchanges and may not be used for SDOT or HUNT orders Order Type This window display the type of order to be sent To change the order type click the dropdown arrow to the right of the window and choose the desired type from the dropdown menu See Glossary for a description of order types Duration TIF Displays Time in Force or the duration of the order To change the TIF click the dropdown arrow to the right of the window and choose the desired TIF from the dropdown menu See Glossary for a description of TIF options Peg Diff Amount Delta from the peg primary peg market price Buy Sell Short Cancel Buttons Use these buttons to send orders for the stock displayed or cancel all orders for that stock 135 Button To right of Stop Price Discr window closes point and click interface Button Expands point and click interface to display Quick Order Price and Size Adjustment buttons 2012 Fusion Trading Solutions Page 53 Fusion DMA Manual Ticker Window The Ticker window may be opened by clicking windows at the top of the Fusion DMA control panel and selecting Ticker from the dropdown menu Ticker The Ticker window may be used to view tick data for all stocks currently held in positions This window will also display important messages about executed and cancelled orders as well as order rejection messages The data displayed
115. et etc e Duration Select the duration of the order e Size The number of shares being ordered e Reserve The number of shares being held in reserve or hidden from view on the limit order books e Limit Price Enter price of the order when Limit Orders are placed e Stop Price Enter price of the order when Stop Market Orders are placed e Attach Activate Order Click this button to attach the order that will go out when the Alert is triggered e Remove Order Click this button to remove or un attach the order for the selected symbol 4 Alerts List When symbols are entered and added via the Add Remove Symbol area above they then appear in this list Click to select symbols on this list to adjust above below price of the alert or to attach an order wf Show Price Alert Details Right Click Menu osa Show Price Alert Details Un checking this gt hides the Add Remove symbol area Buy Eo Basket New Symbol Moves your cursor focus to Sell Eo Basket the Add Symbol window ve Alere ii Delete Symbol Deletes selected symbol Load Alerts List from Trailing Stops List Settings Select Columns Buy Sell to Basket Places all selected OES cn Ta change Fonk positions into a Basket Order Entry window Change Colors See Basket Order Entry Save Alerts List Choosing this allows the trader to save all the symbols in the Alerts list for future use Load Alerts List Choosing this allows the trade
116. f the close is above the open the body is white If the close oe iS below the open the body is black Cand estick Charts Capital gain loss An increase or decrease from the purchase price to the selling price of common stock or any other capital asset profit or loss from the sale of investments or property A capital gain that persists for one year or less is called a short term capital gain Likewise one that persists for more than one year is called a long term capital gain Cash flow per share Earnings after taxes and depreciation divided by the number of a firm s shares CBOT Chicago Board of Trade Charts A display or picture of a security that plots price and or volume the number of Shares sold The chart is the foundation of technical analysis and over the years many different types of charts have been developed Closed end fund A type of mutual fund issuing a set number of shares Share prices of closed end funds are based on supply and demand Closed Trades Positions that have been either liquidated or offset Closing tick The net of the number of stocks whose closing prices are higher than their previous trades uptick against the number of stocks whose closing prices were lower than their previous trades downtick A positive closing tick indicates buying at the close a bullish indicator a negative closing tick indicates selling at the close a bearish indicator 2012 Fusion Trading Solutions Page 144
117. fault Settings Load Default Settings Cover 50 Sends a market order to cover sell to cover longs and buy to cover shorts the selected position for a quantity of shares Always on Top equal to 50 percent of the total position size rounded up to the nearest 100 share lot Note To avoid odd lot charges the cover function will always send the cover order for a minimum of 100 shares 2012 Fusion Trading Solutions Page 56 Fusion DMA Manual Cover 75 Sends a market order to cover sell to cover longs and buy to cover shorts the selected position for a quantity of shares equal to 75 percent of the total position size rounded up to the nearest 100 share lot Note To avoid odd lot charges the cover function will always send the cover order for a minimum of 100 shares Cover 100 Sends a market order to cover sell to cover longs and buy to cover shorts the selected position for a quantity of shares equal to 100 percent of the total position size rounded up to the nearest 100 share lot Note To avoid odd lot charges the cover functions will always send the cover order for a minimum of 100 shares Cover Custom Sends a market order to cover sell to cover longs and buy to cover shorts the selected position for a quantity of shares equal to CUSTOM preset amount rounded up to the nearest 100 share lot Note To avoid odd lot charges the cover function will always send the cover order for a minimum of 100 shares Cance
118. g this will keep the font size when re sizing the window Fill Colors e Solid When selected custom solid color will be displayed e Vert Gradient When selected custom vertical gradient color will be displayed e Horz Gradient When selected custom horizontal gradient color will be displayed Font e Use Font Global When checked the selected font in Settings gt Layout Tab is used e Font Selecting this opens a window that allows the user to change the font style and size 2012 Fusion Trading Solutions Page 82 Fusion DMA Manual Prints window This window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Prints from the dropdown menu Prints windows may be used to display executed trade prints for Stocks Futures Indices and Market Statistics such as TICK TRIN VIX CL F etc Prints 5PY symbol Trade Size MID Symbol Type symbols into this window and then press Enter key to set the symbol into the window Link Button Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows 2012 Fusion Trading Solutions Page 83 Fusion DMA Manual Right click Menu w Show Stock Settings Show Stock When checked shows symbol field Symbols F Multiple Symbols Show Prints from Prints Settings U
119. gt Step 3 Set up the order that will be sent when the Alert triggers by doing the following e Choose the Side of the order Buy Sell Short e Choose the Destination exchange you wish the order to be sent to e Choose the Type of order Limit Market you wish to use e Choose the Duration of the order to be sent e Choose the Size number of shares of the order to be sent e Choose the Reserve Size number of shares of the order to be sent hidden e Enter the Limit Price when using Limit orders e Enter the Stop Price when using Stop orders on SDOT gt Step 4 After setting up the order to be sent as described above click the Attach Activate Order button The Alerts window will automatically send the order when the trigger is reached When an order is attached the symbol in the Alerts list will be highlighted with a yellow background When the order is sent the symbol in the Alerts list will be highlighted with a blue background It is necessary to click a header OTHER than the symbol column in the Alerts list to view the yellow highlight 2012 Fusion Trading Solutions Page 95 Fusion DMA Manual Removing Orders from an Alert To remove an attached order select the symbol that you wish to remove the order from by clicking on it in the Alerts list then click the Remove Order button Note By attaching orders the Price Alerts window m
120. gt Symbol Box Type a stock symbol here and hit Enter on keyboard and the TOS 2012 Fusion Trading Solutions for that stock will load Symbols will also load automatically into this box if you have the TOS linked to a Market Maker or Personal Stock Sorter window Date Select the drop down arrow and choose a month and day to see historical data After selecting the month and day enter a time and then hit the Go button If you want to return to seeing the current data for the stock select the ShowCurrent button Time To start seeing data from a specific time of day enter the time in 24 hour format ex 13 35 00 and then select Go Show Current Selecting this button will display all current information for a stock from the moment the button is pressed Link Allows Time of Sales window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows Page 134 Fusion DMA Manual Right click Menu Settings Change Colors w Show Regional Exchanges Change Font Seleck Columns w Show Trades w Show Grid Lines w Show Quotes Hide Exchanges e Settings See Settings Menu e Show Regional Exchanges Checking this will display Regional Exchange information for the stock e Show Trades Checking this will display only trade information for t
121. he best price the amount set in the Pay Thru Amount window e Shown A limit order will be sent with the current price displayed as bid or offer e NBBO A limit order will be sent at the National Best Bid or Offer price e Primary A limit order will be sent at the best price available from the Primary Exchange on which the stock trades e Paythru NBBO A limit order will be sent at the National Best Bid or Offer price the amount set in the Pay Thru Amount window e Paythru Primary A limit order will be sent at the best price available from the Primary Exchange on which the stock trades the amount set in the Pay Thru Amount window Pay thru Amount Dollar value willing to pay over limit price Routable When True order will route away to other exchanges Custom Size This refers to the size amount of shares of orders that will be generated when using commands such as Add Custom from the right click menu NASDAQ Same as NYSE settings above Settings x an Basket Colors Connections Defaults Keyboard Size Increment Values Duration Yenues Selection Order Strategy Cover Strategy E Preferences Keep Lot Size on Order Box False Keep Lot Size on Mew Symbol False Order Entry Aggressive BuySell Style False Order Entry Clear Bos False Pegged Difference 4 000000 Preferences Keep Lot Size on Order Box When this box is True changes made to lot size in
122. he location of the module file example DirectoryModules FusionClient Modules StockI nfo dll e Module Name Contains the NET assembly name e Module Type Contains the assembly start up method the assembly name and the assembly version separated by commas example FusionClient Modules StockI nfo Modulel nit FusionClient Modules StocklI nfo Version 1 0 0 0 e Menu Text Contains the Menu Item text that will be displayed in Fusion DMA Client on Plugin tab e Add Click this button to clear all fields and prepare the form prior to creating a new Module assignment e Update Use this button to make changes to current Module settings e Delete After selecting a created Module from the list click this button to delete the Module from the list 2012 Fusion Trading Solutions Page 47 Fusion DMA Manual Market Maker This window allows users to see all pertinent real time data and multiple price levels for a specific stock Trades are placed by using either hot keys or our click entry interface Market Maker 1 2 30 30 30 31 gt 5 6 10 NYOB 783 7 8 CIN 78 3 6 BAITS a ce 3 ARCA 9 8 Order Type a F ataia 2012 Fusion Trading Solutions Page 48 Fusion DMA Manual 1 Level Data Fully customizable section Available fields include last trade price net change open price previous close price low of day high of day volume current bid ask and much more 2 MMID Co
123. he stock e Show Quotes Checking this will display only quote information for the stock Settings Menu e Change Colors Opens a window that allows the user to change colors of background and text of Personal Stock Sorter items Click Ok to close window and set changes e Change Font Opens a window that allows the user to change font style and size Click Ok to close window and set changes e Select Columns Selecting this will open a Columns Picker window which will allow the data that is displayed in Available Columns Selected Columns the Personal Stock Sorter to be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click Ok to close window and set changes e Show Grid Lines Selecting this will display or hide the vertical and horizontal grid lines in the data window e Hide Exchanges Selecting this button B Cancel will allow you to enter each Exchange that you do not want to display in the data window There is a limit of 20 entries Time and Sales Columns Picker x 2012 Fusion Trading Solutions Page 135 Fusion DMA Manual Risk Monitor The Risk Monitor may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Risk
124. hecked the Size column will show the numbers divided by 100 For example if the quote is for 500 shares the display will show 5 One Letter MM Market Maker identified by a one letter abbreviation Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet Use Filter When checked will allow custom filters by following options 2012 Symbols Filter stocks by All Only Except MMID Filter ECNs by All Only Except Size Filter by size in shares Price Filter by price in dollars Exchange When this is checked the Prints Window will display the exchange at which the print was executed Page 84 Fusion Trading Solutions Fusion DMA Manual Columns e Show Headers When checked Prints window column headers will be displayed e Use Fixed Font Checking this will keep the font size when re sizing the window Fill Colors e Solid When selected custom solid color will be displayed e Vert Gradient When selected custom vertical gradient color will be displayed e Horz Gradient When selected custom horizontal gradient color will be displayed Font e Use Font Global When checked the selected font in Settings gt Layout Tab is used e Font Selecting this opens a window that allows the user to change the font style and size Time When set to True the Prints Window will display the time that
125. hip between the yield on bonds of the same credit quality but different maturities Related Term structure of interest rates Harvey 1991 finds that the inversions of the yield curve short term rates greater than 2012 Fusion Trading Solutions Page 154 Fusion DMA Manual long term rates have preceded the last five U S recessions The yield curve can accurately forecast the turning points of the business cycle Z Zero coupon bond A bond in which no periodic coupon is paid over the life of the contract Instead both the principal and the interest are paid at the maturity date 2012 Fusion Trading Solutions Page 155
126. ice Pay THA PAYTHRU NBBO Pay thru Amount 0 000000 PAYTHRU PRIMARY Aoutable True E NASDAQ Destination HUNT Order Type Lirit Duration Day Price Pay THAL Pay thru Amount 0 000000 Aoutable False Custom Size T e Listed e Destination When sending Right click Cover or Flatten orders for Listed on the New York Stock Exchange stocks orders will be automatically sent to the selected destination Use the dropdown arrow at the right side of the window to select the desired order destination e Order Type When sending Right click Cover or Flatten orders for Listed on the New York Stock Exchange stocks orders will be automatically sent with the Order Type Shown in the window Use the dropdown arrow at the right side of the window to select the desired Order Type 2012 Fusion Trading Solutions Page 19 Fusion DMA Manual Duration When sending Right click Cover or Flatten orders for Listed on the New York Stock Exchange stocks orders will be automatically populated with the Duration Shown in the window to the right Use the dropdown arrow at the right side of the window to select the desired order duration Price When sending Right click Cover or Flatten orders for Listed on the New York Stock Exchange stocks orders will be automatically sent at the best price available from the selected exchanges Available Price choices are below e Paythru A limit order will be sent at t
127. ices The values of these Paythru s must be set by going to Settings Trading and setting price values into the provided Big and Small windows See Settings Trading e Big When selected the Big Paythru price will be added subtracted to limit prices See Settings Trading e Small When selected the Small Paythru price will be added subtracted to limit prices See Settings Trading e Custom When selected custom pay through amount can be entered Fraction These settings are used to apply closeout tier amounts e 1 2 When selected the order size will automatically be set to cover Half the size of open positions for the stock ordered e 1 3 When selected the order size will automatically be set to cover a Third the size of open positions for the stock ordered e 1 4 When selected the order size will automatically be set to cover a Fourth the size of open positions for the stock ordered e None Default setting used when partial closeout does not apply Box When this is selected the Key command will generate an Order Box attached to the Market Maker window allowing the trader to adjust the size price of the order prior to it being sent In order to submit Box orders an Order Execution key keys must also be assigned See Settings Keyboard Category Preferences Close When this box is checked the order size will automatically be set to cover the entire size of open posi
128. ilter Show All J HASDA FIAME hl UNAS El Show Only NYSE otc ee Price Range Filter Min 0 00 Max 0 00 Volume Range Filter Min lr blas 0 Cancel Settings Menu Choose Settings from the right click menu to open the New High and Lows Settings filter window Exchange e NYSE Check this box to display data for stocks traded on the New York Stock Exchange making new highs lows e NASDAQ Check this box to display data for stocks traded on the NASDAQ e AMEX Check this box to display data for stocks traded on the American Stock Exchange e OTC Check this box to display data for Over the Counter Bulletin Board stocks Y Un checking any of the above will filter them out of the display Price Range These windows allow the user to filter stocks based on the price range the stock has traded in during the selected time span For example If a stock trades from 20 00 to 21 00 during the selected time span the Price Range would be 1 00 Average Volume These windows allow the user to filter stocks based on the Average Daily Volume the stock trades calculated from historical data Enter a minimum and or a maximum Volume amount in the Min and Max windows provided Symbols Filter Default is Show All when unchecked user has the ability to add specific symbols to the New High Lows filter list After making desired settings changes as described above click OK button to apply changes an
129. ing Windows at the top of the Fusion DMA control panel and selecting Pairs Trading Manager from the dropdown menu Pair trading also known as statistical arbitrage or spread trading is a strategy that allows the trader to capture anomalies relative strength or even fundamental differences on two stocks while maintaining a market neutral position In the Pairs Trading Manager below Wal Mart NYSE WMT and Target Corporation NYSE TGT are used as real life example of a potentially correlated pair Pairs Trading Manager Pair Name Symbol Actual Spread Pr20110311174930274 Buy WMT 100 vs Sell TST 100 If f1 x Bid of WMT WMT ToT 0 95 Import Select ll DeselectAll pikale Mescirate Haue Resame Semper Multiplier Fair Sizes a eel PR 2117 MET 100 Shares Elis T 1 0000 F esel A j 2 MN 100 Shares 4 Confirm Orders gt Manages the list of pairs New Open saved ones Deleting Copying gt Activates amp Deactivates individual and or all pairs gt Shows Pair Sizes Order Sizes Quantity Executed Individual stock P amp Ls Total Pair P amp L Total P amp L of all pairs in the manager window gt Multiplier Proportionately increases both stocks in the pair gt Realized Spread shows the spread that triggered based on actual vs required condition gt Status of the Pair e All the rows for the filled orders are highlighted and marked with Status Completed
130. ing this will automatically save all the parameters you have set up for a chart so that you may set up other charts the same way To do so open a new chart window right click in it and select Load From Default e Chart Settings Allows you to change the colors bar and line widths related to the chart e Settings Selecting this will display or hide the drop down menus and buttons at the top of the chart window e Remove Selecting this will remove overlay studies you may have placed into the chart You may remove studies individually or remove them all at the same time 2012 Fusion Trading Solutions Page 133 Fusion DMA Manual Time amp Sales Time amp Sales windows may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Time amp Sales from the dropdown menu opening of multiple Time amp Sales windows Fusion DMA allows the The Time amp Sales window displays all current trade information for a stock including Exchange Price Size Bid and Ask Time and Sales SP x Stock EY I Date 3 16 2011 Time MN Go Showlurent OF Exq Price Size Bid Ask mue E PSE 12561 12564 20630 PSE ERI IAE Bel 12562 106 PSE 12560 12563 40x1 NAS 12560 12562 40x1 NAS 12560 12562 40x1 NAS 12558 12562 50x1 NAS 12558 12562 50x30 NAS 12558 20000 NAS 12558 1500 NAS 12558 12560 20x29 NAS 12558 12560 15x29 NAS 126558 100 NAS 12560 100
131. ing this will open a moveable window on the chart that displays the current bars Open High Low Close and Net Change To move this bar Left click on it and while keeping it pressed drag it to a new location in the chart e Show Regional Prints Selecting this will include regional prints in the chart data and bars e Pin Chart Selecting this will lock the chart on the current day s data only You can not Zoom Scroll or Reset in this mode Deselect Pin Chart to get back to normal chart mode e Show Day Separator Selecting this will display a vertical white dotted line separating each trading day that is displayed in the chart Page 132 2012 Fusion Trading Solutions Fusion DMA Manual e Show RealTime Label Selecting this will display a highlighted box with the stocks current printed price e Show Cross Hairs When checked crosshairs will be displayed while the mouse is over the chart e Show Prev Day Close When checked will display a line referencing previous days closing price e Show Open Orders When checked an arrow indicates the open order on the chart green arrow indicates a buy order red arrow indicated a sell order e Show Executions When checked a diamond shaped symbol will indicate executions on the chart e Load from Default After opening a new Chart window select this to set up the chart with the basic chart settings that you have saved on your initial chart e Save As Default Select
132. ings Selecting this saves the current layout of the Basket Order Entry window 2012 Fusion Trading Solutions Page 77 Fusion DMA Manual Load Default Settings Selecting this loads and applies a previously saved layout of a Basket Order Entry window to a newly opened Basket Order Entry window Show Level Info When checked Level data will load into the basket window clicking on individual stocks will populate the information for that particular stock Settings see Settings Menu below Always on Top Keeps the window on top of all other windows Settings Menu The settings menu may be accessed by right clicking anywhere in the Basket Order Entry window and then selecting Settings The following options are available on the Settings menu Select Columns Selecting this will open a Columns Picker window which will allow the data that is displayed in Basket Order Entry window to be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click OK to close window and set changes Change Font Opens a window that allows the user to change font style and size Click OK to close window and set changes Sort on Header Click Allow the user to sort data by clicking on column headers Hide H
133. inks be linked to other windows Select a color from the Link 4 dropdown list that matches the link bar on the window E Links you wish to link to or select link to all to link to all 7 Link6 linkable windows E Link Refresh Refreshes the data being displayed in the Links window BM Links Always on Top Keeps the window on top of all other MM Link 10 windows 2012 Fusion Trading Solutions Page 86 Fusion DMA Manual Settings Menu 7 Show WAS DAC w Show NYSE Pre Market Indications Columns Picker xX Settings Select Columns Avatlable Lolumns selected Columns Change Font Link Refresh Sort on Header Click Always on Top Real time Sort Bid Change Hide Header Display Ask Change l l Bid Change w Show Dd Lines Lal lao Change a w Show Vertical Lines Volume Drag amp Drop lt lt Open te Spread Position Time Select Columns Selecting this will open a Columns Picker window which will allow the data that is displayed in the Pre Market Indications window to be DE Cancel customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click OK to close the picker window and set changes Change Font Opens a window that allows the user to change font styl
134. ints Checking this allows the Books window to display trade prints that are executed on the ECN s Columns e Show Headers When checked ECN window column headers will be displayed e Use Fixed Font Checking this will keep the font size when re sizing the window Fill Colors e Solid When selected custom solid color will be displayed e Vert Gradient When selected custom vertical gradient color will be displayed e Horz Gradient When selected custom horizontal gradient color will be displayed Font e Use Font Global When checked the selected font in Settings gt Layout Tab is used e Font Selecting this opens a window that allows the user to change the font style and size Cancel 2012 Fusion Trading Solutions Page 80 Fusion DMA Manual NYSE OpenBook The NYSE OpenBook window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting NYSE OpenBook from the dropdown menu The NYSE OpenBook window displays the Limit Order book for the New York Stock Exchange NYSE OpenBook BM Spmbol JBM ES Bid Size 161 88 26 161 86 Ask Size 161 98 1 161 99 1 3 Symbol window Type symbols into this window and then press Enter key to set the symbol into the window Link Button Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkab
135. ion Trading Solutions Page 109 Fusion DMA Manual Top Volumes This window is only functioning in the PRE MARKET This window may be opened by clicking Windows at the top of the Fusion DMA login box and selecting Top Volumes from the dropdown menu Top Volumes DAY BTA Show MASDAQ 9 788 116 e Show MYSE w Show AMES 3 338 146 oe 636 500 No Symbol Link Change Font Link 1 605 075 Fixed Font WM Linkz 360 156 Change Background Color MB Links 309 563 O Links 303 600 E Links 206 938 O Link 6 256 820 a 290 700 E links 210 400 Bink 196 800 186 126 185 890 This window is a real time streaming market filter that displays the most heavily traded stocks on the day Right Click Menu e Show NASDAQ Checking this displays stocks traded on the NASDAQ exchange e Show NYSE Checking this displays stocks traded on the N Y Stock Exchange e Show AMEX Checking this displays stocks traded on the American Stock Exchange e Show OTCBB Checking this displays stocks traded on the Over the Counter Bulletin Board exchange Y Un checking any of the above will filter them out of the display e Link This allows the Top Volumes window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to
136. istance as in a downtrend line Consolidations are marked by horizontal trendlines nl Trin TRIN Used in the context of general equities Short term y dee mi trading index that shows a minute by minute correlation of the i ratio of advances to declines to the ratio of advancing volume to Tremdime declining volume Depicts whether changes in the relationship of advances and declines are taking place more quickly or more slowly than changes in the general volume movement of the market lt 1 indicates a bull market 1 neutral and gt 1 bear market l imu FREE iit Mayle U Uncovered call A short naked call option position where the writer seller of the call s does not own shares of the underlying stock represented by the option contracts Uncovered calls are much riskier for the writer than a covered call where the writer of the uncovered call owns the underlying stock If the person long the call exercises the option to call the stock the writer is forced to buy the stock at the current market price in order to deliver it to the person long the call s Uncovered put A short naked put option position where the seller writer has not established a short stock position or has not deposited in a cash account cash or cash equivalents equal to the exercise value of the put The writer is obligated to buy the asset at 2012 Fusion Trading Solutions Page 153 Fusion DMA Manual a certain price if the buyer of the
137. ivative products Measure of the relationship between an option price and the underlying futures contract or stock price A call option with a delta of 50 will rise a half point in premium for every dollar that the stock goes up As options near expiration in the money call options approach a delta of 1 0 while in the money put options approach a delta of 1 e gamma the degree by which the delta changes with respect to changes in the underlying instrument s price e implied volatility calculated by using an option pricing model Black Scholes for Stocks and indices and Black for futures and is the amount of price change that can be expected over a given period of time expressed as a percentage A stock s volatility percentage is derived using an option price model such as Black Scholes and takes into account variables such as option price maturity date exercise price and restless rate of return e intrinsic value the amount by which an option is in the money e premium the cost of an option 2012 Fusion Trading Solutions Page 149 Fusion DMA Manual e rho a measure of change in an option s theoretical value due to a change in interest rates e theoretical value an option value generated by a mathematical option pricing model to determine the true value of an option e theta the measurement of an option s time decay The ratio of change in an option s price to the decrease in time to expiration e vega the
138. k Settings Show Books e ARCA Checking this Book Settings m allows the Books window Show Books Miscellaneous to display quotes from e fTEDGA elShow Symbol the ARCA exchange FIBATS JEDGX fe Show Size x 100 e BATS Checking this 2 INET Hoek 152 Show Prints allows the Books window to display quotes from ums Fill Colors Font the BATS exchange 4 Show Headers Solid 4 Use Font Global e INET Checking this 4 Use Fined Size Vert Gradient allows the Books window Horz Gradient m 15 Hetetence sans to display quotes from the INET exchange Visible True e EDGA Checking this hek A gt AlgnVet Center 7 allows the Books window Prints giergntics pet _ i to display quotes from Fort MS Reference Sans the EDGA exchange Reverse Gradient Color e EDGX Checking this allows the Books window DK to display quotes from the EDGX exchange e NYOB When this is checked the Books window will display quotes from the NYSE OpenBook Miscellaneous e Show Symbol When this is checked the Books window will display the symbol window and link button at the top of the window e Show Size x 100 When this is selected the Size will be displayed as the whole number For example if the quote is for 500 shares the display will show 500 When this is Un checked the Size column will show the numbers as divided by 100 For example if the quote is for 500 shares the display will show 5 e Show Pr
139. k direction Side Select whether the order will be to Buy Sell or Short Destination Select the Exchange Venue the order will be sent to Type Select the Order type such as Limit Market etc Duration Select the duration of the order Size Enter the number of shares being ordered Use the arrows to the right of the window to increase decrease size by pre set increments See Settings Defaults Increment Values 2012 Fusion Trading Solutions Page 75 Fusion DMA Manual Reserve Enter the number of shares being held in reserve or hidden from view on the limit order books Use the arrows to the right of the window to increase decrease size by pre set increments See Settings Defaults Increment Values Limit Price Enter the price of the order when Limit Orders are placed Use the arrows to the right of the window to i ncrease decrease price by pre set increments See Settings Defaults Increment Values Stop Price Enter the price of the order when Stop Market Orders SDOT only are placed Use the arrows to the right of the window to increase decrease size by pre set increments See Settings Defaults Increment Values Buy All Sell All Short All Submit All Button Clicking this button will send orders for ALL stocks on the Basket List Buy Sell Short Submit Button Click this button to send the selected orders Pos Size Clicking this button will automaticall
140. ked Price Alerts Columns Picker x gt gt OF Cancel 2012 Fusion Trading Solutions Page 94 Fusion DMA Manual Using the Price Alerts window Price Alerts e gt Step 1 Type in the symbol of the reenter inet stock Symbol Below Frice Above Price k e y Y gt Step 2 Set Above Price or Below SPd Price or both that you wish to be ee Po SH alerted to lat Obd OAt ITT gt Step 3 In the Alert Mode area check the appropriate box or boxes to select how you will be alerted gt Step 4 Click the Add button to add Alert Mode the symbol to the Alert List F Pop Up Window Test Color Back Color You will now be alerted when the stock Play Sound po IES trades above or below your set prices Add Phantom Position 4 Delete Alerts After Trigger You can adjust the Above Below Price at any time by clicking on the symbol in Order Details Price Alert the Alerts List and then changing the Side Destination Type Duration price in the Above Below Price windows SELL ARCA z z Ms in the Price Alert Details area Size Reserve Limit Price Stop Frice e _ k ok 0 _ k y k Ba an w T Attaching Orders to an Alert gt Step 1 Expand the Order Details Altach ctivate Order interface by clicking the arrow gt to the left of the words Order Symbol Below Above Details gt Step 2 Click on the symbol in the Poi 0 Alerts list to select it 0 131 30
141. ket Maker window with the symbol of the stock in the News item When Link To is unchecked and a window link is established symbols typed into the linked Market Maker window will populate the News window with the last 10 most recent News items for that symbol e Link Select a color from the palette that matches the News Filter link bar on the window you wish to link to or select link to all to link to all linkable windows T Show General News e Change Font Opens a window that allows the user to 7 Show Only Symbols change font style and size Click Ok to close window COS ada and set changes e Always on Top Keeps the window on top of all other Remove windows News Columns Picker x Available Columns Selected Columns Date Time Exchange Ticker Wiirelode HeadLines gt gt P lt lt z Use wildcard OF Cancel Ok Cancel 2012 Fusion Trading Solutions Page 140 Fusion DMA Manual Message Center This window will display connectivity to Fusion DMA servers and number of open windows Message Center O X Y Status Connected Connected to Data Server Connected to Order Server Connected to Chart Server Connected to Client Portal Logged in to Data Server Logged in to Order Server Logged in to Chart Server Authenticated SAS ISS IS Open Windows 40 37 Visible f 3 Hidden Y Messages 2012 Fusion Trading So
142. l All For Stock Cancel All Orders For Stock This will Cancel All For Stock Cancel Al Orders For Stack cancel all orders for the stock selected Cancel All Buy Orders For Stock e Cancel All Buy Orders For Stock This will cancel all buy Cancel All Sell Orders For Stock orders for the stock selected Cancel All Short Orders For Stock e Cancel All Sell Orders For Stock This will cancel all Sell orders for the stock selected e Cancel All Short Orders For Stock This will cancel all Short orders for the stock selected Cancel All Cancel All Orders Cancels all open orders pr Cancel All Orders for all stocks Cancel All Buy Orders e Cancel All Buy Orders Cancels all Buy orders for all stocks Cancel All Sell Orders e Cancel All Sell Orders Cancels all Sell orders for all stocks Cancel All Short Orders Cancel All Short Orders Cancels all Short orders for all stocks Add 25 Sends a market order for an amount of shares that will increase the size of the position by 25 percent rounded up to the nearest 100 shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Add 50 Sends a market order for an amount of shares that will increase the size of the position by 50 percent rounded up to the nearest 100 shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares
143. le windows Right click Options Settings Refresh Symbol Always on Top Settings See Settings Menu below Refresh Symbol Refreshes the data being displayed in the window Always on Top Keeps the window on top of all other windows 2012 Fusion Trading Solutions Page 81 Fusion DMA Manual Book Settings MYOB Settings Miscellaneous WV Show Symbol Show Size 100 Show Exchange Columns Fill Colors Fort Show Headers Solid Use Fixed Size Wert Gradient Horz Gradient Use Font Global Font M5 Reference Sans Visible True a Ask a as a Align Vert Center y Align Horz Left Fort MS Reference Sans r Reverse Gradient Color lr Cancel Miscellaneous e Show Symbol When this is checked the NYOB window will display the symbol window and link button at the top of the window e Show Size x 100 When this is selected the Size will be displayed as the whole number For example if the quote is for 500 shares the display will show 500 When this is Un checked the Size column will show the numbers as divided by 100 For example if the quote is for 500 shares the display will show 5 e Show Exchange When this is checked the NYOB window will display the name of the exchange that the quote originates from Columns e Show Headers When checked NYSE OpenBook window column headers will be displayed e Use Fixed Font Checkin
144. ll display and follow the real time price of the stock selected These prices may be keyed off of the Bid Ask price or Last trade price by checking the desired check box Use this to add or subtract a desired amount to the Limit Stop price when using Real Time Prices Use the arrows to the right of the window to increase decrease price by pre set increments See Settings Defaults Increment Values For Example If 05 is entered in the window and the real time price being followed is 20 00 the Limit Price Stop Price fields will show 20 05 Side Select whether the order will be to Buy Sell or Short Destination Select the Exchange Venue the order will be sent to Type Choose one of the following Order types e Limit e Market e Stop Market e Direct e Pegged Market e Pegged Primary e Pegged Mid 2012 Fusion Trading Solutions Page 73 Fusion DMA Manual Duration Choose one of the following for the Duration of the order e Day Order is good for the entire trading day e IOC Immediate or Cancel will try to fill as much of the order and cancel e FOK Fill or Kill e CO Closing Offset orders provide liquidity to offset imbalances at the Close and execute at the closing price CO orders will trade if marketable to fill any remaining imbalance and will yield to all other interest Within the CO allocation CO orders will be filled in time priority CO orders on the same side
145. lues Size Price gt E Duration Use Duration False Duration DAT Az El Yenues Selection Selected valable ABRAXAS A ABRAS ABRA E E Order Strategy Listed NASDAD eo El Cover Strategy Listed NASDAD Custom Size 0 n A Preferences keep Lot Size on Order Box False Keep Lot Size on Mew Symbol False Order Entry Aggressive BuySell Style False Order Entry Clear Box False Pegged Difference 4 000000 LE Cancel Apply 2012 Fusion Trading Solutions Page 16 Fusion DMA Manual i Size Lot Size Reflects the default lot size number of shares that will be automatically populated into the size field of order windows when they are initially opened Max Lot Reflects the maximum size that will be allowed in any of the order windows Reserve This window displays the number of shares being held in reserve or hidden from view on the limit order books that will be automatically populated into the Reserve field of order windows when they are initially opened Sj Increment Values e Small Reflects the amount of change that will be effected by clicking the small arrows located on the right side of the Size fields in order windows For example If this value is set at 100 clicking the small up down arrows will increase decrease size by 100 shares Big Reflects the amount of change that will be effected by clicking the large arrows located on the right side of the
146. lumn Displays the Market Maker s exchange ID 3 Bid Column Displays bids offers to buy the bids source and size 4 Ask column Displays asks offers to sell the ask 10 11 2012 source and size Prints column Market Maker Levell Fields Picker x Available Fields Prey Change Prev Close Print Size Bid Ask Size Curr Imbalance Init Imbalance Imbalance Paired Imbal Ref Price Imbal Clr Price Imbal CO Price Met Prev Met Opening Gap Wat Pe Reg Imbalance Fields Row 1 6 4 Selected Fields gt gt s lt Cancel Displays real time Prints actual trade executions price size and source Prints in Red Trade executed at bid price e Prints Highlighted Red Trade executed below bid price Prints in Green Trade executed at ask price e Print highlighted Green Trade executed above ask price Point and Click Interface While Fusion DMA offers a full array of keyboard controls traders who prefer using their mouse will love the handy point and click interface which can be toggled on off at will lt Closes point and click par Expands point and click interface to display Quick Order Price and Size Adjustments buttons Customizable common buttons activated via hot keys See Trader Keys Command Buttons Fusion Trading Solutions Page 49 Fusion DMA Manual Market Maker Right click
147. lutions Page 141 Fusion DMA Manual Instant Message This window allows Management and Branch leaders to send broadcast messages and individual messages to traders The message will be displayed in their Ticker window To send a message right click inside your risk monitor select either e Send Message to Available to send IM to a selected trader e Send Message To Current View Allows to send messages to multiple accounts in current view in Risk Monitor e Send Broadcast Message For admin users to send global broadcast to traders Instant Message O X To ADMIN From FOMADEMO 2012 Fusion Trading Solutions Page 142 Fusion DMA Manual Appendix A Glossary A After hours trading Trading done after the market closes at 4 00pm Eastern Standard Time All or none order AON A limited price order that can only be executed in its entirety or not at all American Depository Receipts ADRs Shares of foreign companies listed on U S Exchanges trading in U S dollars American Option An option that may be exercised at any time up to and including the expiration date Ask The price at which a holder of a financial instrument is willing to sell Assignment The receipt of an exercise notice by an options seller writer that requires the writer to sell in the case of a call or purchase in the case of a put the underlying security at the specified strike price At the money An option is said to be
148. manually load your layout or another layout file 2 Keys e Load Keys Selecting this button will allow you to manually load only the hotkeys portion of a specific profile 3 Level ll e Line Spacing This will change how much space is between each quote in the level 2 section of the Market Maker window Maximum spacing is 2 and minimum spacing is 85 Click the arrow keys to change the size is the corresponding direction 4 Market Maker Lists e Lowercase MM Selecting this button will allow you to enter each Market Maker ECN to display in Level2 in lower case text There is no limit to the amount of entries e MM Text Colors Selecting this button will allow you to enter each Market Maker ECN and choose a color of the text to display in Level2 for each one There is a limit of 20 entries e MM Back Colors Selecting this button will allow you to enter each Market Maker ECN and choose a color of the background to display in Level2 for each one There is a limit of 20 entries e Underline MM Selecting this button will allow you to enter each Market Maker ECN to underline in the Level2 display There is a limit of 20 entries e Hide MM Selecting this button will allow you to enter each Market Maker ECN to hide and will not display in Level2 There is a limit of 20 entries 5 Preferences e Ask Save Layout when Exit When True Fusion DMA will prompt you with a Yes or No option to save your layout when the application i
149. moothed moving averages that are plotted above and below a zero line The crossover movement through the zero line and divergences generate buy and Sell signals Mutual fund An investment vehicle pooling money from many individual investors to purchase stocks or other types of investments A professional fund manager handles the money and investments Mutual funds tend to invest in hundreds of companies and thus provide high diversification Net Asset Value NAV The price per share for a mutual fund The NAV calculated at the end of each business day is found by dividing the fund s assets by the number of shares outstanding New York Stock Exchange NYSE The largest stock exchange in the U S located in New York City Also known as Wall Street this stock exchange carries stocks of well established companies on its trading floor O Odd lot A lot that is less than 100 shares or less than a round lot Open ended fund A mutual fund issuing as many shares to fit investor demand Most mutual funds are open ended and trade like stocks after the shares are issued Opening Range The range of prices that occur during the first 30 seconds to five minutes of trading depending on the preference of the individual analyst Options analytics the following analytics for stock options e delta the amount by which the price of an option changes for every dollar move in the underlying instrument Also called the hedge ratio Applies to der
150. mount windows See Paythru Amount below Sweep Ware E Smart Sweep Settings x d Defaults Keyboard Layout F Swer Toss El Yenuel Venue INET TIF IOC Price Pay THAL Routable False Destination El Venue Venue ARCA TIF IOC Price Pay THAL Aoutable False Destination El Venues PAYTHRU Venue BATS TIF IOC Price Pay THAL PAYTHRU NBBO Aoutable False PAYTHRU PRIMARY Destination Yenued Yenueb 2012 Fusion Trading Solutions Routable When Day is selected in the TIF field these checkboxes become active for selection Checking these boxes allows the order to be routed from the original Venue destination to another Venue Exchange in an effort to fill the order Routable is related to Venue and TIF not to Destination Destination This is how the Smart Sweep 13 Base Venues INET ARCA SUMO BATS DIRECT CHI BOS PHL SDOT EDGA EDGX CBSX and CIN where extended to show more Venues by using all the entitled DB Destinations If the Venue is selected and Destination is empty Smart Sweep will go to Venue If the Venue is selected and Destination is selected and is not the same as Venue Smart Sweep will go to Destination If the Venue is selected and Destination is selected and is the same as Venue Smart Sweep will go to Venue Destination If the Venue is not selected Destination cannot be set Post Balance When True any unfilled portion of the order will be posted to the Venue sel
151. mp L The amount of profit or loss closed or booked intraday for the stock currently held Total P amp L Reflects the combined profit or loss of both open and closed positions for that stock intraday Used The amount of buying power currently being used by the position price times number of shares held Total Shares The total number of shares traded for that stock intraday Average Buy The average price of all executed Buy orders for that stock Average Sell The average price of all executed Sell orders for that stock Total Buy The total number of shares bought for that stock intraday Total Sell The total number of shares sold for that stock intraday OCC Requirement The dollar amount required to support the position 2012 Fusion Trading Solutions Page 66 Fusion DMA Manual Positions Right Click Menu Right clicking on a selected position in the Trader View window while set on the positions tab will bring up the following options Flatten Flattens closes the selected position based on Cover Strategy in Settings Defaults Tab Flatten All Flattens closes all positions Cover 25 Sends a market order to cover sell to cover longs and buy to cover shorts the selected position for a Cover 2o quantity of shares equal to 25 percent of the total position o size rounded up to the nearest 100 share lot Note To Bue ee avoid odd lot charges the cover function will always Aron NREL
152. n Cincinnati Intermountain Salt Lake City dormant owned by COMEX Midwest Chicago Pacific Los Angeles and San Francisco Philadelphia Philadelphia and Miami and Spokane local mining and Canadian issues non reporting trades Stock Exchanges Resistance A price level at which rising prices have stopped rising and either moved sideways or reversed direction usually seen as a price chart pattern Resistance Line On a chart a line drawn indicating the price level at which rising prices have stopped rising and have moved sideways or reversed direction Return on Equity ROE The value found by dividing the company s net income by its net assets ROE measures the amount a company earns on investments Reversal Gap A chart formation where the low of the last day is completely above the previous day s range with the close above midrange and above the open Rotation Moving funds from one sector to another sector of the stock market as the business cycle unfolds Roth IRA An IRA allowing workers to withdraw all earnings completely tax free after the age of 59 S S amp P 500 Composite Index Index of 500 widely held common stocks that measures the general market performance Seasonal Trend A consistent but short lived rise or drop in market activity that occurs due to predictable changes in climate or calendar Sector fund A mutual fund investing in a particular industry such as technology natural resources and real estate
153. n either side of the keyboard independently Destination Select the Exchange Venue the order will be sent to using the dropdown arrow Side Select whether the order will be to Buy Sell or Short using the dropdown arrow Type Select the Order type such as Limit Market etc using the dropdown arrow Duration Select the duration of the order Booth Enabled for traders who utilize floor brokers Click Entry When destination is Venue Click Entry can be checked to direct an order to a specified venue using the price clicked with the mouse in Level II Use Lot When checked default size will be used from Defaults Tab Lot Size Size Enter the number of shares to be ordered Use the arrows to the right of the window to increase decrease size by pre set increments See Settings Defaults Increment Values Reserve Hides the amount of shares entered in reserve box Bid Ask These settings will determine what prices orders order boxes will use Bid When this box is checked limit orders will be sent at the Bid price and order boxes will be populated with the Bid price upon opening Ask When this box is checked limit orders will be sent at the Ask price and order boxes will be populated with the Ask price upon opening None Used when Bid Ask do not apply such as Market order Big Small These settings are used to apply a Paythru amount that will be added subtracted to Limit Order pr
154. nd of the day if not fulfilled Dead Cat Bounce A rebound in a market that sees prices recover and come back up somewhat Debit Spread The difference in value of two options where the value of the long position exceeds the value of the short position Deep in the Money A deep in the money call option has the strike price of the option well below the current price of the underlying instrument A deep in the money put option has the strike price of the option well above the current price of the underlying instrument Diamonds An index fund tracking the 30 Dow stocks Diversification The process of buying securities in different investment types industry types risk levels and companies in order to reduce the loss from a possible company local or industry local loss of business Dividend yield The yield found by dividing the annual dividends per share by the price per Share an indication of the income from a share of stock Dividend A portion of a company s profit that is paid to stockholders Dogs of the Dow An investment strategy where investors buy the 10 Dow stocks with the highest dividend yields and hold onto them for a year Dollar cost averaging DCA A system of buying securities at regular intervals using a fixed amount of cash over a considerable period of time regardless of the prevailing prices of the securities DCA protects against the risk of losing a sum of money invested all at once at an inopportune time e g right bef
155. nd you wish to assign a key to from the list by left clicking it once Note a description of the selected key s function will appear at the bottom of the page e Once the command is selected strike the key you wish to assign to that command Note the key you struck will now appear in the new shortcut key window near the top of the page e Click the Assign Key button near top right side of page The newly assigned key will now appear in the Assigned Commands list in the Key column indicating that the key had been successfully assigned Very important note Any order key contains the word Box in it s title will generate an order box that allows the trader to adjust price size prior to sending the order while any order command that does NOT contain the word Box will be a true Hot key meaning when the key is used an order is immediately sent out When using box keys you must also assign a key keys for order execution which must be struck after a box order is prepared to send the order These order execution commands are found at the bottom of the Preferences category page Use Display Category dropdown menu near the top of the settings keyboard page to select Preferences Many traders set Enter and number pad Enter as these execution keys 2012 Fusion Trading Solutions Page 23 Fusion DMA Manual Layout Tab This window can be accessed by cli
156. neateraearshraancataeneoemnenacs 5 Workstation Specifications ssssseersrrererrererrsrerrererrerrrrerrrrrrrererrsrrrrene 5 Getting Started Fusion DMA BAasSICS 0oocccccccccccccnnnccnnnn rr 6 CONO WACO WU ais seco cs sce ct ae cece E es 6 LOGGING ON OT nino roda ci E 6 7 WindowiNg SY Ste isririo raras Der oir 8 ODEN WINDOWS rsrnviaari a AA AAA AA 9 System 5 GLUING GS careta era terrario reader 10 Settings Menu Items ccc eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeanaaas 11 A o o UU a ec sso eueeesuendumadeceness 11 A ro Fe Oo e E E E E A 13 COON quasi 15 DEI reee rrecreaol old AE lnea olaon dersuipes 16 A a PU e e Uno nn ro ES 22 E ooo EA OE EAE EE E E EEE 24 RPP O EE EE E E E E EEE 27 SW COD An 32 ieee eE E E E E E errr 37 TEON A PP IO E E dom eas 40 BC Tt eT Te inicia 46 Windows Menu te MsS cccccccccccc cece cece eee e eee e nese eeeeeeeeeeeeeeeenneeegs 48 lt AP PE o E 48 ls lt lt AA rn En o 54 Personal WICK CM stectecesvevececacacicateseuantomesteecemeveneed ceceneteresagdcamartentuecanotanest 55 Personal STOCK SOF CM sxc cecce yecececepuiatare rate inocencia mirate eiejencss morata lacada 56 o e UI santosh in EEE 60 PSL Dar Sonntag seen E Gane oa E eeeaneucauesnce E 72 OTIS EU Apra asa 73 Basket Oder EMERY corsario aa 75 ECN EXCHSNGE BOOKS sisi 79 gs SR 6 orcigi ciclo Cuan ere ne nicas 81 PINUS carencia racer raro eentesanens 83 2012 Fusion Trading Solutions Page 2 Fusion DMA
157. ng unbiased liquidity and the competitive advantage needed to navigate even the most volatile markets With the flexibility to leverage your own unique trading style and strategies with unparalleled technical support all backed by Fusion Trading Solutions proven technology infrastructure it s no wonder thousands of professional traders rely on Fusion DMA every day for their active trading needs Fusion DMA Features gt Real time Level amp Level II quotes gt Real time news and analytical tools gt Access to all major ECNs and gt Advanced Price alerts exchanges gt Customizable order logic gt Real time and historical charts gt Smart order routing gt Pre market indications gt Stock filters amp sorters gt Market imbalances gt Stock Locates amp Loan gt Trailing stops gt Live technical support gt Real time risk management gt Basket amp Pair Trading U SiO mT i i Fusion DMA a Connect Windows Settings Open Windows Style 7 Trader View ae ee ee Market Maker Y 4x er DEEE shares ERECT closed pet MENESES TN EAS Exposure MINE STR ED open Shares MONITO Open Pa ESE A C EER gt ERENCE TrueNetexp MESEJ occrea MEE acc equity ys Vp 72200 ig El ra Symbol Side Size Price Price Delta ak la PRL 1 Closed P amp L Total P amp L Used Total Shares E Sao o 21 816 87 __1 100 TE 2NYOB 72 62 2 BATS 72 62 1EDGA 72 62 Chart W 5M 1 CIN 72 62 z 1ARCA 72 62
158. nge Font a Except Set Refresh Always on Top Sort on Header Click Min Today s Volume Closing Only Hide Header Display W Show Horizontal Lines W Show Vertical Lines Drag amp Drop Shares lo z lo Reset Close Price Min lo Max lo Reset Minimurnn Imbalance Filter Market Imbalances Filter Show Exchanges e NASDAQ When selected stocks traded Opening 10000 Closing 10000 Reset on the Nasdaq will be displayed e NYSE When selected stocks traded on OF Cancel the New York Stock Exchange will be displayed Imbalances Columns Picker x e Preferred When selected preferred Ayvallable Columns Selected Columns stocks will be displayed p ay Met Chg Min Today s Volume Closing Only Filter HTE imbalance list by shares and or percent If Curr Tinie i l Last Price a shares value is entered it will show Net Cha imbalances in stocks having greater volume Position Vol E schg Paired ol If percent value is entered it will show gt Ref Price a imbalances in stocks having greater percent Clr Price Ll CO Price bi VOUS Reg lmb Close Price Filter imbalance list by previous day s closing price Minimum Imbalance Filter imbalance list by volume of the imbalance in each stock Select Columns Selecting this will open a Imbalances Columns Picker window Ok Cancel which will allow the data that is displayed in the Pre Market Indications window t
159. nt a Last Llose Upen Average Coss Open Averoce eset N Y Price Adjustment Details Symb Tick Side Destination Type Duration Size Reserve Limit Prii Stop Pric Last Bid Ask Yolume BAC BUY SDOT Limit DAY 100 o 1414 14 14 14 15 14 15 14 16 193 835 687 ING fT Buy SDOT Limit DAY 100 0 12 00 12 00 12 53 12 00 12 75 2 366 769 IBM t Buy SDOT Limit DAY 100 O 160 20 160 20 160 48 160 20 160 48 5 935 857 cs ft Buy SUMO Limit DAY 100 O 162 99 162 99 163 20 163 25 163 48 4 378 426 BP Displays the amount of Buying Power required to execute all the orders in the Basket list Op Open P amp L Reflects the amount of profit or loss currently being incurred from open positions of stocks in the Basket CI Closed P amp L Reflects the amount profit or loss incurred from closed shares of stocks in the Basket No Displays the number of orders in the Basket list Symbol Type the symbol of the desired stock in this window and press the Enter key to set symbol onto the Basket Order Entry list When Basket Order Entry windows are Spawned by selecting stocks in either the Positions window of the Trader View or in the Personal Stock Sorter and then selecting Buy Sell to Basket from the right click menu the Basket list window will be automatically populated with the selected symbols Tick Direction This window will show either a green up pointing arrow or a red down pointing arrow to indicate last tic
160. nue that is displaying the quote Orders generated in this manner from the Bid column of the Level2 will go as Sells and orders generated from the Ask side will be Buys Great care must be exercised when this function is active Show Open Orders When this box is True Open orders will be reflected with a marker entitled Order with the order price that will be displayed in the Level2 area of the Market Maker window at the proper price level Box Realtime Prices When this box is True prices displayed in Box Key Order windows will update in real time with changing quotes However once the price is manually adjusted by the trader real time updates will cease Fixed MM and Price The highlight will remain on the selected market maker until the market maker changes his quote Lock MM Lock MM works with Preference Box order type The preference box sets the destination and price based on the selection that you make in the MM window If the selection Level II quote is removed and you have Lock MM set as True the box will automatically select the new top quote for you Lock Price If the trader prefers market makers and ECNs on the bid or ask and the market maker or ECN that is highlighted changes its quote the order will go in at the price that was originally highlighted Fusion Trading Solutions Page 30 Fusion DMA Manual e Box gt Preference When this box is True upon generating a Box Key Order box the u
161. nue was selected the same Venue cannot be set again but Destinations can be set e TIF These settings determine the Time in Force for each phase of the Smart Sweep order The options for this setting are Day unfilled portions of Day orders will remain open on the Venue s limit order book until filled cancelled by the trader or until the end of the day and IOC Immediate or Cancel Traders may also set an expiration time for Day orders see below e Price These settings determine the Prices that will be applied for each phase of the Smart Sweep order The Price options are e Paythru Order prices will reflect the best Bid Ask price Shown plus or minus the amount set in the Pay Thru Amount windows See Paythru Amount below e Shown Order prices will reflect the best Bid Ask price shown in the Market Maker window e NBBO Order prices will reflect the National Best Bid or Offer price e Primary Order prices will reflect the best Bid Ask price quoted on the Primary exchange on which the stock trades e Paythru NBBO Order prices will reflect the National Best Bid or Offer price plus or minus the amount set in the Pay Thru Amount windows See Paythru Amount below 2012 Fusion Trading Solutions Page 34 Fusion DMA Manual e Paythru Primary Order prices will reflect the best Bid Ask price quoted on the Primary exchange on which the stock trades plus or minus the amount set in the Pay Thru A
162. o be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click OK to close the picker window and set changes Change Font Opens a window that allows the user to change font style and size Click OK to close window and set changes Sort on Header Click Allow the user to sort data by clicking on column headers Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked Drag and Drop Allows user to left click hold and drag items into the window when checked 2012 Fusion Trading Solutions Page 89 Fusion DMA Manual Security Status The Security Status window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Security Status from the dropdown menu This window displays stocks that either have a delayed opening or are halted throughout the trading day Security Status x Symbol Prev Time Curr Time Prev Status Curr Status Halt Condition A DMH 08 51 17 Trading Halt ACMI 08 51 33 Trading Halt DCNMQ 08 51 45 Trading Halt DSYT 08 51 59 Trading Halt ECTA 08 52 11 Trading Halt FTLEK 09
163. o use these you must first left click the desired order or position to select it and then right click to choose your option P amp L Bar At the top of the Trader View Window Is a P amp L Bar that displays the following information Trader iew BP Shares Pe Closed P amp L Exposure MESE open Shares Open P amp L TrueNetExp OCCReg Acc Equity BP Amount of buying power available Exposure Amount of buying power currently being used TrueNetExp True Net Exposure net long short exposure with net delta for options and leveraged ETFs etc Shares Total shares traded Open Shares Amount of shares currently holding OCCReg OCC Required haircut required for position by Options Clearing Corporation Closed P amp L Amount of profit or loss incurred from closed shares Open P amp L Amount of profit or loss currently being incurred from open positions This P amp L bar may be displayed or hidden by right clicking on the bar and either checking or un checking Show P amp L Bar Show P amp L s with Commission Having this checked will display your open and closed P amp L factoring in the commission price set on the Trading tab 2012 Fusion Trading Solutions Page 60 Fusion DMA Manual Orders Tab When this tab is selected the Trader View window will show all pertinent data pertaining to current open orders The data columns available for display on the Orders tab are Trader View
164. of the control panel then select the Keyboard tab To assign a key follow these steps r Settings d p Basket Colors Connections Defaults Keyboard b Display Category Order Execution N Assign Key Set Mew Shortcut Key Reset Rey Left Right System Kepel i Reset All Keys Current Shortcut Key i e Reset All Keys to Default Curent Command WEA l a Command ARCA Bos Buy ARCA Box Buy Ask ARCA Bos Buy Closeout ARCA Bos Buy Ask Closeout ARCA Bos Half Buy Ask ARCA Limit Buy ARCA Limit Buy 100 ARCA Limit Big Buy ARCA Limit Big Buy Closeout ARCA Limit Small Buy ARCA Limit Small Buy Closeout ARCA Limit Buy Closeout ARCA Market Buy ARCA Market Buy Closeout ARCA Hidden Buy ARCA Half Buy ARCA HOW Buy ARCA Bos Sell ARCA Box Sell Bid ARCA Bos Sell Closeout ARCA Bos Sell Bid Closeout ARCA Box Half Sell Bid AACA Limit Sell AACA Limit Sell 100 ARCA Limit Big Sell ARCA Limit Big Sell Closeout AACA Limit Small Sell AACA Limit Small Sell Closeout Description LE Cancel Apply 2012 Fusion Trading Solutions Page 22 Fusion DMA Manual 1 Display Category e Use the dropdown menu to the right of the words Display Category to display the desired key category The following categories are Order Execution Quick Lot Venue Selection Order Type Preferences Open Orders VV VV V Y e Select the comma
165. on DMA Manual Buy Sell to Basket Places all selected stocks into a Basket Order Entry window See Basket Order Entry Settings Menu The settings menu may be accessed by right clicking anywhere in the Trader View window and selecting Settings The following settings options are available Select Columns Selecting this will open a Columns Picker window which will allow the data that is displayed on the various Available Columns Selected Columns Tabs to be customized to the trader s stop Price Trader View Orders Columns Picker x preference Use the arrows between the edad Available Columns and the Selected JCO ID Columns to choose the data to be ea E displayed Use the arrows at the right side TS Stgy of the picker window to change the order Le sl peo in which the data is displayed Click Ok TS Price T to close window and set changes TS DIH Change Font Opens a window that allows the user to change font style and size Click Ok to close window and set changes Change Colors Opens a window that OF lo Cancel allows the user to change colors of background and text of Trader View items Click Ok to close window and set changes Link Allows Trader View window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows
166. on the American Stock Exchange e Show OTCBB Checking this displays stocks traded on the Over the Counter Bulletin Board exchange Y Un checking any of the above will filter them out of the display e Link This allows the Up Moves window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2012 Fusion Trading Solutions Page 107 Fusion DMA Manual Down Moves This window is only functioning in the PRE MARKET This window may be opened by clicking Windows at the top of the Fusion DMA login box and selecting Down Moves from the dropdown menu Down Moves DAY O X e Show NASDAQ mM e Show MYSE Aa v Show AMEX ASML im Show OTC BE K K K K K OK LOGI No Symbol Link Change Font Link 1 we Fixed Font WM Link z GILT Change Background Color MN Links SHPGY E tink 4 EMM links FORTY El Linke IJH Link IVOO am inks MW Links MOY E Link 10 MVV i UMDD F VMED KE This windo
167. onnected ECM Book NYSE OpenBook Prints LENA IES Feet 143929 FOMADEMO 10 100 10 10 fer 4 5 10 6 Pre Market Indications o Imbalances Clicking on OPEN WINDOWS arrow v to display the following menu options of all available options Security Status Price Alerts Trailing Stops Pairs Trading Manager Clicking on OPEN WINDOWS to display the following menu options of all currently open windows Total Moves Up Moves Down Moves Print Moves 19 y it 3 Top Yolumes Select Window Top Gainers Message Center Chart INDU SM Chart INDU 3M Chart 5P HF SM Chart 5P HF 3M Chart SPY 5M Chart SPY 3M Personal Stock Sorter Top Losers Ee Top Percent Gainers lose windows Top Percent Losers Aibwinday s lrside Top Ranges Mew Highs and Lows Genter window s 2012 Chart Dix EF 1M Market Maker 5x Market Maker CMG Personal Stock Sorter FAIRS Market Maker Lak Market Maker UNP Chart POT 1M Chart UNF 1M Chart DO 1M Pairs Trading Manager Chart GC F 1M Personal Stock Sorter Fusion Trading Solutions NER aA Crossed y Locked Indices Option Chain Chart Time and Sales Risk Monitor Mewrs Message Center Instant Message Page 9 Fusion DMA Manual System Settings Overview The Fusion DMA system is highly customizable in appearance and in behavior Appearance includes colors fonts fi
168. oo d lt Market Sweep Trader Keys Keyboard Trading b Check Spread Hunt Algorithm Pay thru Amount Sounds for Executions Hever Route Orders Outside Preferences Calculate PnL Unacknowledged Orders Check Unacknowledged Orders True Max Unacknowledged Orders A Max Unacknowledged Time U00 O E E E E E El E e Check Unacknowledged Orders When True trader is notified that orders have not been acknowledged by the market This notification is to prevent the trader from sending multiple orders that could potentially result in multiple fills e Max _Unacknowledged Orders Number of orders to go unacknowledged before notifying the trader e Max Unacknowledged Time Time in milliseconds of unacknowledged order before sending the notification 2012 Fusion Trading Solutions Page 45 Fusion DMA Manual Plugin Tab This window can be accessed by clicking Settings at the top of the Fusion DMA Control panel and then clicking the Plugin tab Settings i Plugin Settings Mame o Description Update Module File ee Delete Module Mame Module Type Menu Text Description Module File Module Module Vo Menu Text Cancel 2012 Fusion Trading Solutions Page 46 Fusion DMA Manual e Name Choose a name for the API to be created and type it into this field e Description Type a brief description of the API s function in this field e Module File Contains t
169. orders True Nickel Increase Decrease When marked True the price will increase decrease by a nickel Cancel Price Alerts on Close This will cancel any orders you have configured in the Price Alerts box when closing Fusion DMA Send Preference Orders as Day All Preference orders will have a TIF Time in Force of Day Smart NX A Direct order that is submitted for execution is checked by the system to see if it is eligible for Direct Orders that are not are sent as a normal limit order will not use the Direct designation NYSE rules state that a stock is only eligible for Direct on the same side every 30 seconds Save Phantom Positions When marked True your phantom positions will be saved as part of your layout A phantom position is a 1 share position that is displayed on your ticker window Send All Orders Hidden When marked True any order that is eligible as a hidden order will be sent Hidden Cancel All Orders on Exit When marked True and Fusion DMA is closed all open orders will be canceled prior to Fusion DMA closing down settings x q a Market Se ea Trader Keys Keyboard Trading i Check Spread Hunt Algorithm Pay thru Amount Sounds for Executions Hever Route Orders Outside H Preferences Switch Buy s ell Orders False Switch Stop Price Size False Use Quick Lot Keps for Stop False True Nickel Increase Decrease False Cancel Price Alerts on Close False Send DAY Orders as Extended True Send Preference Order
170. ore a price drop Double Bottom The price action of a security or market average where it has declined advanced two times to the same approximate level indicating the existence of a support resistance level and a possibility that the down ward upward trend has ended Double Top See Double Bottom A price pattern seen on a chart The patterns occurs when prices rise to a resistance level on significant volume retreat to a support level and Subsequently return to the resistance level on decreased volume Prices then decline and 2012 Fusion Trading Solutions Page 145 Fusion DMA Manual break through the support level marking the beginning of a new downtrend in the price of the stock Dow Jones industrial Average DJIA An indicator showing generally how well the market is doing found by averaging the prices of 30 industrial blue chip stocks trading on the New York Stock Exchange Earnings per share Earnings found by dividing the net income of the company by the number of shares of common outstanding stock Efficient Market Theory All known information is already discounted by the market and reflected in the price due to market participants acting upon the information Eurodollar Dollars deposited in foreign banks with the futures contract reflecting the rates offered between London branches of top US banks and foreign banks Exchange Traded Funds Collections of stocks that are bought and sold as a package on an exchange
171. ow NASDAQ Stocks The settings in this area will affect Sweep orders sent for stocks listed on the NASDAQ These settings are the same as described above for NYSE stocks However SDOT is not an option as a routing Venue The available Venues for NASDAQ stocks are INET ARCA BATS and SUMO 2012 Fusion Trading Solutions Page 33 Fusion DMA Manual Settings x q Defaults Keyboard Layout Market Sweep Tess E Sweep Wave NYSE Stocks A NASDAQ Stocks El INET Use INET True Order Size T HE ARCA Use ARCA True Order Size O EH BATS Use BATS True Order Size T A SUMO Use SUMO True Order Size T Use DAT False Slippage 4 000000 2 Smart Sweep The settings in this area effect how Smart Sweep orders will be sent when using Smart Sweep key commands See Settings Keyboard A Smart Sweep order is a type of Hunt order that may be customized by the trader Unlike Sweep orders Smart Sweeps will only fill up to the size of the order sent regardless of how many Venues are selected for the Smart Sweep algorithm For example a Smart Sweep order sent for 100 shares will only fill up to 100 shares e Venue These settings determine the order in which Smart Sweep orders will be sent to the various Venues with the top selection going first followed by those below Use the dropdown arrow to select the desired Venue from the base list of 13 preset Venues Venues cannot be set as duplicates once a Ve
172. p down keyboard arrows can be used to scroll through the Level II quotes allowing the trader to select the price MM of their choice e Box Follow MM Price When this box is True prices displayed in Box Key Order windows will reflect the best prices available from all Market Makers When set to False prices will reflect the best price only from the Primary Exchange on which the stock trades 2012 Fusion Trading Solutions Page 31 Fusion DMA Manual Sweep Tab This window can be accessed by clicking Settings at the top of the Fusion DMA Control panel and then clicking the Sweep tab Settings X 4 Defaults Keyboard Layout Market Sweep T P gt O Sweep Wave Cl NYSE Stocks INET ARCA BATS SDOT SUMO Use DAt False Slippage 4 000000 El NASDAQ Stocks INET ARCA BATS SUMO Use DAT False Slippage 4 000000 PRE El Smart Sweep Yenuel He El El El Yenue Yenuez Yenued Yenueb Yenueb Venue Yenued Yenued Post Balance Pay thru Amount DAY Orders HAH E E E E E E E E El H OF Cancel Apply 2012 Fusion Trading Solutions Page 32 Fusion DMA Manual 1 Sweep Wave The settings in this area effect how Sweep orders will be sent when using Sweep key commands See Settings Keyboard A Sweep order is sent to ALL the selected venues simultaneously at the price size selected Note if no size is entered the orders will go out at your default size For example if a Sweep
173. primary offering which occurs whenever a company sells new stock and differs from a secondary offering which is the public sale of previously issued securities usually held by insiders J January Effect The tendency for securities prices to recover in January after tax related selling is completed before the year end Junk bond A weak bond rated BB or lower that has a high default risk and thus carries a high interest rate L Large cap stock Large Cap stocks are companies that have a market capitalization of over 5 billion dollars LEAPS Acronym for long term equity anticipation securities which are long term listed options with maturities that can be as long as two and a half years Limit order An order to buy or sell a stock option or other financial instrument at a specific limit price or better Load Commission and fees taken out of investment capital that is the situation in which a front loaded mutual fund takes commission and fees out of investment capital before the money is put to work Long straddle Buying both a put and a call on the same underlying issue Long Term Anticipation Securities LEAPS Long term options M Margin Borrowing money from a broker to buy securities The margin is the amount of money an investor deposits in order to borrow money from the broker The margin must be at least 50 of the total cost of the purchase Margin call A demand for additional funds because margin account eq
174. r to adjusting e Clicking the arrow to the left of the Title Price Adjustment Details will display hide the Price Adjustment buttons e There are two rows of Price Adjustment buttons Green plus buttons and Red minus buttons in 10 cent increments from 05 to 95 e The Price Adjustment buttons allow the user to adjust the Limit Stop prices of all stocks selected in the Basket list by the amount shown on the button 2012 Fusion Trading Solutions Page 76 Fusion DMA Manual Basket List This area displays all the stocks in the Basket and provides real time info on a variety of pertinent and customizable data elements See right click options settings select columns Click on symbols in this list to select them for order set up Basket Order Entry Columns Picker x Right Click Options Available Columns Selected Columns Open Quantity PEL Per Share Avg Price Lasty ol Price Adjust Yolume Close Symbol Tick Side Destination Type Duration Size Add Symbol Delete Symbol Select All Symbols Cancel Orders Cancel All Orders Open gt gt AReserve a Exchange Limit Price Save Stock List HTB Heg Stop Price Load Stock List Intl Last Intl mb Bid Save Basket BASKET NAME HERE Cur nn Ask 5 Basket Currimb Open P amp L a Reglmb Close PEL Reload Basket BASKET MAME HERE Hedlrmb Load Basket Save Default Settings DE Caneel Load Default Settings Show Levell
175. r to load previously saved Alerts lists Sort on Header Click Hide Header Display W Show Horizontal Lines W Show Vertical Lines Drag amp Drop 2012 Fusion Trading Solutions Page 93 Fusion DMA Manual Settings See Settings Menu Always on Top Keeps the window on top of all other windows Settings Select Columns Selecting this will open a Columns Picker window which will allow the data to be customized to the Available Columns Selected Columns trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click Ok to close window and set changes Reel Change Font Opens a window that allows the user to change font style and size Click Ok to close window and set changes Change Colors Opens a window that allows the user to change colors of background and text of items Click OK to close window and set changes Sort on Header Click Allow the user to sort data by clicking on column headers Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked Drag amp Drop Allows user to left click hold and drag items into the window when chec
176. r will be displayed e Vert Gradient When selected custom vertical gradient color will be displayed e Horz Gradient When selected custom horizontal gradient color will be displayed e Font e Use L1 Font When checked Level II font will inherit the properties of Level settings Market Maker Point and Click Interface The point and click interface may be activated by checking Enable Click Entry box located under Preferences on the Market tab of the Settings window See Settings Click Entry X i Two Sided Trade Entry Destination Price Stop Price Peg Amount m o E By MESS SHOT Cancel gt Size Displays the share size of the order Use the small up down arrows to the right of the window to increase or decrease size by your default Small Size increment and the larger arrows to adjust size by your Big Size increment These default increments may be set in the Settings Defaults menu under Increment Values see Settings Destination This window displays the exchange to which your order will be routed To change the destination click the dropdown arrow to the right of the window and choose the desired venue from the dropdown menu Reserwe Order Type gt h fone a ET 2012 Fusion Trading Solutions Page 52 Fusion DMA Manual Price Shows the price of the order when using Limit orders Clicking on any Bid or Ask price in the Level
177. re weight on recent prices A three day weighted moving average would add a multiple of 1 to the first date 2 to the second date and 3 to the third date When issued W I Refers to a transaction made conditionally because a security although authorized has not yet been issued Treasury securities new issues of stocks and bonds stocks that have split and in merger situations after the time the proxy has become effective but before completion are all traded on a when issued basis Whisper number or forecast An unofficial earnings estimate of a company given to clients by a security analyst if there is more optimism or pessimism about earnings than Shown in the published number These are often found on the Internet Writing puts to acquire stock Selling put options at an exercise price that would represent a good investment by an option writer who believes a stock s value will fall so that the writer cannot lose If the stock price unexpectedly goes up the option will not be exercised and the writer is at least ahead the amount of the premium received If the stock loses value as expected the option will be exercised and the writer has the stock at what he had earlier decided was originally a good buy and he has the premium income in addition Y Yield The percentage rate of return paid on a stock in the form of dividends or the effective rate of interest paid on a bond or note Yield curve The graphic depiction of the relations
178. rice Adjustment 0 000000 Preferences Basket Passive Buy Sell Style False Basket Clear Box False Keep Order Type False Basket Show Warning Messages True Keep Order Duration False Q Cancel a E Fusion Trading Solutions Page 13 Fusion DMA Manual i Check Spread Spread Limit Enabling this function allows the trader to set a limit on the spread If the spread between best bid and ask exceeds the value that you set in the provided window all orders will be rejected To disable this function mark False Use Check Spread box Default Size Use Default Size When this box ts True the default size in the basket order window will reflect the amount entered into the provided window Default Size Real Time Prices Use Real Time Prices When this box is True prices displayed in Basket Order windows will update in real time with changing quotes prices However once the price is manually adjusted by the trader real time updates will cease By checking one of the 5 choices in the drop down menu the trader can display prices reflecting Bid Ask Last print Close previous day s closing price Open current day s open price or Average average price of open position for that stock O Real Time Prices Use Real Time Prices True Real Time Prices Bid Ask pa Price Adjustment Bid 4 sk Preferences Price Adjustment Use Percent When this box is
179. rom historical data Enter a minimum and or a maximum Volume amount in the Min and Max windows provided Change These windows allow the user to filter stocks based on the amount of price change the stock has realized during the selected time span Enter a minimum and or a maximum price in the Min and Max windows provided Volume Rate These windows allow the user to filter stocks based on the actual Volume traded during the selected time span Enter a minimum and or a maximum Volume amount in the Min and Max windows provided Exchange e NYSE Check this box to display data for stocks traded on the New York Stock Exchange e NASDAQ Check this box to display data for stocks traded on the NASDAQ e AMEX Check this box to display data for stocks traded on the American Stock Exchange e OTC Check this box to display data for Over the Counter Bulletin Board stocks After making desired settings changes as described above click OK button to apply changes and close the settings window 2012 Fusion Trading Solutions Page 112 Fusion DMA Manual Top Losers This window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Top Losers from the dropdown menu This window is a real time streaming Market Sorter that displays stocks realizing the greatest losses by dollar value during the selected time span Top Losers DAY O X Settings
180. rrently not available Dynamic Customized Filter Allows you to sort by typing in filter field in real time 2012 Fusion Trading Solutions Page 137 Fusion DMA Manual e Show Filter Bar Displays column headings allowing custom search criteria wildcards accepted 3 The Risk Monitor window allows the user to drill down to individuals positions held in an account by right clicking on the account and selecting the Link Account command This action will launch a Trader View window with the positions for the account selected This window is fully functional including order execution In the example below the Risk Manager is about to Flatten the trader s position in PESI All orders are sent on behalf of the trader in question To access this selection the manager left clicks to highlight the position then right clicks over the PESI position The manager also had the option to double click on the position to bring up a click entry window dialog box A Open Shares Open P amp L Lia aus Size Price Price Delta Open P amp L Closed P amp L Used Total Shares Total Underl _ 10 000 EE 450 00 190 00116 350 00 rra GLNG Long io 24 eS Ae 65 47 a REE SHS OSET Cover 25 SVL E E ol Cover 505 Flatten All CHGS I 796 50 Cover 75 CIFY Cover 100 AEN 5 000 so __0 18 28 80 EEE cover CUSTOM 100 XING kong T zao EC ETE 4 125 Add 25 DEER 1 0001 8 7 5e O 715 Add 50 COI 5034 1
181. rt parameters fields to create a new alert 2012 Fusion Trading Solutions Page 92 Fusion DMA Manual 2 Alert Mode In this area users can set how they will be alerted when the trigger is reached e Pop Up Window When this box is checked a window will pop up when the trigger is reached The window will display the symbol of the stock the alert price and any comments entered into the Comment window see above e Play Sound When this box is checked a sound will play when the trigger is reached Use the button to the right with the depiction of the file folder to browse your computer for sound files to play Use the button with the depiction of the speaker to test the selected sound e Add Phantom Position When this box ts checked will add one 1 phantom share that will be displayed in Ticker window for tracking purposes e Delete Alerts After Trigger When this box is checked the symbol in the alert box will be removed after the acknowledgement of the triggered Pop Up Window 3 Order Details Orders may be attached to Price Alerts causing orders to be automatically sent when the Alert is triggered Click the arrow to expand the window to display the Order Entry interface Click the arrow W to collapse the Order Entry interface e Side Select whether the order will be to Buy Sell or Short e Destination Select exchange venue the order will be sent to e Type Select the Order type such as Limit Mark
182. s 45 Minutes Volume Rate Exchange 60 Minutes r C eo NYSE NASDAQ in Day En FAME FJOTC Stock Court 20 OF Cancel Settings Menu Choose Settings from the right click menu to open the Top Percent Losers Settings filter window Time Span Choose the time span that the window will display data for by clicking the box to the left of the desired interval Stock Count This window reflects how many stocks will be displayed at one time Use the arrows to the right to adjust quantity Price These windows allow the user to filter stocks based on the per share price of the stock Enter a minimum and or a maximum price in the Min and Max windows provided Price Range These windows allow the user to filter stocks based on the price range the stock has traded in during the selected time span For example If a stock trades from 20 00 to 21 00 during the selected time span the Price Range would be 1 00 Average Volume These windows allow the user to filter stocks based on the Average Daily Volume the stock trades calculated from historical data Enter a minimum and or a maximum Volume amount in the Min and Max windows provided Change These windows allow the user to filter stocks based on the amount of price change the stock has realized during the selected time span Enter a minimum and or a maximum price in the Min and Max windows provided Volume Rat
183. s 500 Composite Price Index They trade on the AMEX under the symbol SPY SPDRs are similar to closed end funds but are formally known as a unit investment trust One SPDR unit is valued at approximately one tenth 1 10 of the value of the S amp P 500 Dividends are disbursed quarterly and are based on the accumulated stock dividends held in trust less any expenses of the trust Spot Month In trading the current contract month Also known as the front month Spot Prices Same as cash price the price at which a commodity is selling at a particular time and place Spread The difference between the bid purchase and ask sell prices Spread option position A position consisting of the purchase of one option and the sale of another option on the same underlying security with a different exercise price and or expiration date Standard Poor s 500 Index S amp P 500 A well known value rated index of 500 major US companies 400 industrial firms 20 transportation firms 40 utilities firms and 40 financial firms Fusion DMA symbol is SPX Stock An investment that represents partial ownership of a company After buying a stock investors will receive a stock certificate and take part in the gains and losses of the corporation Stock option An agreement giving an investor the right to buy or sell a certain stock at a preset price within a specific time period Stock split The splitting or dividing of shares to reduce the price needed for the
184. s as DAT True Smart N False Save Phantom Positions False Send All Orders Hidden False Cancel All Orders on Exit False Cancel All Orders on Reset Kep False Warning for Linked Accounts Orders True Check Odd Lot Orders True keep Reserve False None keep Box Rey Price and Size False feos cog Ticker View None IAll ticks Preference Expiration Time sec T Commission share 0 000000 Fusion Trading Solutions Page 43 Fusion DMA Manual Cancel All Orders on Reset Key When marked True your Cancel all Orders key will be mapped as your reset key Warning for Linked Accounts Orders This feature is only for risk managers and or those who have access to a linkable account When marked True and the order is sent for an account that is not primary a confirmation message will appear Check Odd Lot Orders When marked True Fusion DMA platform will split your odd lot position into two orders one round lot and one partial lot Keep Reserve Feature is currently disabled Keep Box Key Price and Size When True price and size will stay consistent with prior box key settings when triggering a Box Key on Level2 Dialog Box Trader Key FINED Trader Key Keyboard Box Key on the same side Ticker View This setting will display the following information in your Ticker Window e None Will display only reject messages position open and closed messages and UR Out cancel messages All ticker choices will display this same information
185. s exiting e Highlight Windows When True software will add a blue highlight border around the active window e Select Entire MM Background When True the whole MM window is highlighted e NYSE Keep Price Level When True will keep the NYSE color the default background of the price level it is being displayed in regardless of the NYSE background color e Top OpenBook Keep Price Level When True will keep the NYSE OpenBook color the default background of the price level it is being displayed in regardless of the NYSE background color e Enable Docking Windows When True the docking crosshair will appear while dragging any Fusion DMA window over another window The docking crosshair will allow you to choose the position of the window in relation to the other window and or main Fusion DMA window Parket Maker SPY Size MMID Bid 3 I 1 56 BUY 2 CBC tu BE 4a INF p i 305 CHI H 1 65 210 ED 31 55 43 E DGA 131 65 2012 Fusion Trading Solutions Page 25 Fusion DMA Manual Enable Video Buffering When True the function will help avoid images dialogs flickering for some old computer video cards 6 Font 2012 Font Type Customizing font for all Personal Stock Sorter windows Font Quality Retrieves or sets the output quality of a font Fon Default Appearance of the font does not matter Draft Appearance of the font is less important than when the Proof Quality value is used For GDI r
186. se Filter Symbols HJ All Io Orta a V Exchange E xcept Set or manual input Settin below IVIBATS 2 gt ettings INET Only Sel Miscellaneous Except Sel Book Settings 9 Show Stock 2 Scroll Down alez T J T Ei z Sa CES Ao LIAL symbols When checked F Show Size x 100 i gt ee during pre post Marker C One Letter MM Frice AMEX hours will show all prints for aida Mir 0 00 Max 0 00 OTC BE multiple stocks Show Prints From eos Fill Colors Font e Exchange Checking 4 Show Headers Solid 7 Use Font Global this selection will allow the Prints window to display prints from all Use Fixed Size Cven Gradient Horz Gradient Font MS Reference Sans exchanges not otherwise Visible True isted 2 Align Vert Center El Aion Horz Right BATS Checking this e allows the Prints window x to display prints from Reverse Gradient Color the BATS exchange INET Checking this allows the Prints window to display prints from the INET exchange lee Cancel Miscellaneous Show Stock When this is checked the window will display the symbol window and link button at the top of the window Scroll Down Checking this causes the data in the Prints window to scroll downward Show Size x 100 When this is selected the Size will be displayed as the whole number For example if the quote is for 500 shares the display will show 500 When this is unc
187. seconds is how long the order will try and execute e Post Balance When this option is True the order will then post to the selected ECN once the expiration time is reached If this is False the order will cancel once it reaches the expiration time e Skip SDOT When True this option will remove SDOT from the destinations from which the Hunt order will execute to Settings x 4 pa Market Sweep Trader Keys Keyboard A Trading all Check Spread O Hunt Algonthm Expiration Time sec A O Post Balance Use Post Balance True Post Balance INET Skip SOOT False 3 Pay Thru Amount This type of order reflects the amount over the price of your limit order that you are willing to pay for the stock For example With a pay thru amount of 0 05 set as your Small amount you will take offers up to 20 05 when buying a stock that has a current offer price of 20 00 The Big and Small amount gives the trader two customizable pay thru keys for each venue e Pay thru Venues ARCA HUNT SDOT BATS EDGA EDGX CBSX Settings x 4 p Market i Sweep i Trader Keys Keyboard Trading gt Check Spread Hunt Algorithm O Pay thru Amount Pay thru ARCA Small 0 000000 Big 4 000000 2012 Fusion Trading Solutions Page 41 Fusion DMA Manual 4 Sounds For Executions Allows the user to assign individual sounds for each execution type Buy Sell Short amp Cover Sound file has to be in Wave File wav format
188. send the cover order for a minimum of 100 shares Cover 50 Sends a market order to cover sell to cover Add 25 Flatten Flatten All longs and buy to cover shorts the selected position for a Add 50 quantity of shares equal to 50 percent of the total position aS n size rounded up to the nearest 100 share lot Note To A see avoid odd lot charges the cover function will always cae send the cover order for a minimum of 100 shares Order Update Cover 75 Sends a market order to cover sell to cover Order Update to Market longs and buy to cover shorts the selected position for a Add OC quantity of shares equal to 75 percent of the total position Update All Buy Orders to Market size rounded up to the nearest 100 share lot Note To Update AlSel Orders to Market avoid odd lot charges the cover function will always Update All Short Orders to Market send the cover order for a minimum of 100 shares else ander Cover 100 Sends a market order to cover sell to cover gt longs and buy to cover shorts the selected position for a Cancel All Orders For Stock quantity of shares equal to 100 percent of the total position El Al Buy Orders For Stack Cancel All Sell Orders For Stock size rounded up to the nearest 100 share lot Note To Cancel All Short Orders For Stock avoid odd lot charges the cover functions will always send the cover order for a minimum of 100 Cancel All Orders shares Gancel all Buy Orders Co
189. side Moves When selected the Ticker window will display any inside moves for the stocks you currently have on the ticker list All Ticks When selected the Ticker window will show all changes to the stocks you currently have on the ticker list Right Click menu Change Font Selecting this opens a window that allows the user to change the font style and size Fixed Font This will keep the font at the same size when expanding or shrinking the market maker window 2012 Fusion Trading Solutions Page 55 Fusion DMA Manual Personal Stock Sorter Personal Stock Sorter windows may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Personal Stock Sorter from the dropdown menu Fusion DMA allows the opening of multiple Personal Stock Sorter windows The Personal Stock Sorter window allows traders to create watch lists of multiple stocks A wide array of data elements are available for display and stock lists may be saved for future use This window also facilitates the placing and canceling of orders for stocks in the sorter BAC 14 74 q pe 4 F 14 67 96 530 805 77 134 134 06 118 630 120 41 50 4 019 713 26 99 77 673 930 164 50 164 1 Ss ARE co tn Ln co tn E Lil 4 Ll 5 5 J s 5 E a I E I RIMM EN UJ l w tin e w e GI Pi Right Click Options Add Symbol Delete Symbol Add Symbol To add a symbol to the Stock Sorter left
190. stances of a single feature window that can be opened simultaneously e g a user can open multiple charting windows Users can control the windows look and feel what data is displayed sharing information between windows Linking and default behaviors of features Users can also pick to have their favorite windows available to launch from the quick launch When exiting Fusion DMA the user will be prompted to save their profile Answering Yes will allow settings changes including the size and position of each window to be remembered next time Fusion DMA is opened answering No reverts to the last good profile Categories Feature windows are separated into categories in the windows tab of the control center e Market Data Market Maker Personal Stock Sorter Trader View Ticker Personal Ticker P amp L Bar e Order Entry Order Entry Basket Order Entry Basket Order Manager e Books ECN Book NYSE Open Book Consolidated Prints e Security Status Premarket Indications Imbalances Security Status e Alerts Price Alerts Trailing Stops Pairs Trading Manager e Ranges Total Moves Up Down Moves Print Moves Top Volumes Top Gainers Losers Top Percent Gainers Top Percent Losers Top Ranges New High Lows Crossed Locked e Option Chain Option Chain Indices e Chart Charts Time amp Sales e Misc Risk Monitor News Message Center Instant Message UR s Fusion DMA mY USION i connect Windows Settings
191. t side and the put options on the right side In this instance the options listed are for Exxon Mobil Corporation NYSE XOM common stock Option Chain AO stock EST 50 81 0 58 4 80 80 80 81 24x45 C Bid CAsk CYol C Size Series P Bid P sk PY ol P Size 0 O 1 041 x 278 XOM MAR 1911 72 5 0 01 0 08 O 1 745 x 820 O5 200 986 x 392 XOM MAR 19 11 75 0 08 0 09 0 000 69 197 lt a 24 500 8 x 66 KOM MAR 19 11 80 0 50 0 52 41 800 fak 264 10 11 700 366 x 50 XOM MAR 19 11 85 4 75 12 900 130 x 478 fa O 849 x 99 XOM APR 16 11 72 5 0 38 0 40 O fokK 415 3 600 671 x 445 XOM APR 16 11 75 0 67 0 64 z700 oot x 50 7 x 82 XO APR 16 11 80 1 94 1 88 28 200 606 x 86 1 x 405 XOM APR 16 11 85 4 85 1439 xX 31 109 x fOR 4 22H 22 2822 x 1 04 45 55 foal dO 21x 1 190 2 000 877x576X0M0CT22 1185 8 40 588 x 4 Co DO 402x105 XOM JAN 21 12 72 5 258 x 17 El y mm Ha a F 300 25x 637 X0M JUL 16 11 72 5 1 77 1 20 900 766 x 1 280 X0M JUL 16 11 75 1 70 14 40 752 x 20 XOM JUL 16 11 80 4 10 3 20 6 r I a a AAA AO a a a ba 4 80 2 3 00 0 O 42x545X0MOCT22 1175 3 80 8 4 4 3 3 1 Fea O a a 30 Fal 40 19 60 oo Fal JJ 40 E e OO El So e e 65 9 85 1 700 462 105 XOMJAN 21 12 75 249 14 6 65 6 85 1 500 613 x 390 XOMJAN 21 12 80 30 1 000 14447 a a 4 35 4 50 1 200 695x389XOMJAN21 1285 9 80 263 x 19 15 00 15 20 O 65x20X0OMJAN19 1370 6 55 6 101 x 7 11 90
192. ted order is submitted Reverse this for a buy trailing stop order e OCO Order Cancel Order an order stipulating that if one part of the order is executed then the other part is automatically cancelled Buy Sell Short Button Click this button to send the order Scale The windows in this area allow the user to send multiple orders up to 10 with limit prices at pre set intervals for the same stock For example A Limit order is prepared to Buy 100 shares of AMD at 14 00 with the Scale set at x 4 and setto 02 In addition to the order to buy 14 00 4 additional orders for 100 shares each will also be sent with prices of 14 02 14 04 14 06 and 14 08 2012 Fusion Trading Solutions Page 74 Fusion DMA Manual Basket Order Entry Window The Basket Order Entry window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Order Entry from the dropdown menu Basket Order Entry windows may also be spawned by selecting stocks in either the Positions window of the Trader View or in the Personal Stock Sorter and then selecting Buy Sell to Basket from the right click menu Basket Order Entry BAC BASKET MAME HERE BP EXPECT Op T ci EXE E C FHN A BANK OF AMERICA CORPORAT Side Destination Type Duration Size Reserve Limit Price Stop Price foo Be AS BUY ALL Subt Pos Size Select All Use Real Time Price Price Adjustme
193. tering a group name in the OCO Group ID field Link as OCO Selecting this option will allow to link two or more open orders to the same OCO Group Unlink from OCO Selecting this option will remove the order from OCO Group Update All Buys to Market When selected all open Buy orders will update into Market orders Upon submission the updated order will cancel and replace the original order Update All Sells to Market When selected all open Sell orders will update into Market orders Upon submission the updated order will cancel and replace the original order Update All Shorts to Market When selected all open Short orders will update into Market orders Upon submission the updated order will cancel and replace the original order Cancel Selected Order Cancels the order selected Cancel All Orders for Stock This will cancel all orders for the stock selected Cancel All Buy Orders for Stock This will cancel all buy orders for the stock selected Cancel All Sell Orders for Stock This will cancel all Sell orders for the stock selected Cancel All Short Orders for Stock This will cancel all Short orders for the stock selected Cancel All Orders Cancels all open orders for all stocks Cancel All Buy Orders Cancels all Buy orders for all stocks Cancel All Sell Orders Cancels all Sell orders for all stocks Cancel All Short Orders Cancels all Short orders for all stocks 2012 Fusion Trading Solutions Page 62 Fusi
194. the bottom of the chart Show XGrid Selecting this will display a vertical dotted line at each time interval displayed along the bottom of the Chart window Show YGrid Selecting this will display a horizontal dotted line at each time interval displayed along the side of the Chart window Show 3D Candle When checked solid candles will display in 3D Show Horz Separators When checked studies are separated by customized colored lines Interval Barstyle Indicator Line Study View MarketTime Overlay Indexes Link 00m Reset oom Refresh volume Show Grid Show Grid Show 3D Candle Show Horz Separators Show Studies Titles YolumelpDiomntColors DisplayInFo Priceview Show Regional Prints Pin Chart Show Day Separator Show RealTime Label Show Cross Hairs Show Prev Day Close Show Open Orders Show Executions TT Fr FF FF Y Y F Load From Default Save As Default Chart Settings Settings Remove Show Studies Titles When checked will display the name of the study shown on the chart VolumeUpDownColors Selecting this matches the colors on the price panel bars DisplayInfo Selecting this will place a window on the chart that updates specific information about each bar of the chart that you place your cursor over This window can be moved to any location on the chart by Left clicking on it holding it and dragging it to a new location e PriceView Select
195. the Exchange on which the stock trades Ticker Displays the stock symbol WireCode Displays the source of the news item Headlines Displays the 32 most recent News Headlines Using the Trade News Window Single left click on a news item to see a synopsis of the story displayed at the bottom of the window Double left click on a News item to see the full article displayed in a separate window 2012 Fusion Trading Solutions Page 139 Fusion DMA Manual Right Click Menu e Select Columns Selecting this will open a News eran eae Columns Picker window which will allow the Filter data that is displayed in the News window to be LAE TE customized to the trader s preference Use the MTS L to Symbol Link arrows between the Available Columns and the Refresh A Link 1 Selected Columns to choose the data to be Change Font Mi Link 2 displayed Use the arrows at the right side of the Always on Top M Link s picker window to change the order in which the J Link 4 data is displayed Click Ok to close window and set changes al ois e Filter When selected will show news for selected stocks from T News Filter window When News window is linked to a Market E Maker it will show news for that stock only E Link 9 e Link To When this is selected and a window link is established py Link 10 see Link below clicking on a News item will populate the linked EJ Link To all Mar
196. the print occurred 2012 Fusion Trading Solutions Page 85 Fusion DMA Manual Pre Market I ndications The Pre Market Indications window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Pre Market Indications from the dropdown menu The Pre Market Indications window displays stocks that are indicating to open above or below the previous day s closing price Pre Market Indications o m z Time Symbol Bid Ask Close Bid Chani Ask Chan oBid Chant oAsk Chan Yolume Open Spread Position 09 26 08 BLK 197 00 202 00 201 43 4 43 0 57 2 20 0 28 5 00 09 26 08 JBT 19 00 20 00 19 03 0 03 0 97 0 16 5 10 1 00 09 26 08 AAY 7 75 8 25 7 72 0 03 0 53 0 39 6 87 0 50 09 30 24 CRU 14 00 14 50 14 93 0 93 0 43 8 23 2 88 0 50 09 28 16 NYR 117 07 222 57 222 07 3 00 O 0 69 O 3 00 09 28 16 CNH 46 30 48 30 46 30 O 2 00 o 4 32 2 00 09 28 16 CGY 30 60 36 85 36 83 1 00 O 2 71 O 1 00 09 32 32 CCG 12 50 13 50 13 76 1 26 0 20 9 16 1 89 240 848 1 00 09 28 16 ALU 4 72 4 87 4 72 O 0 15 O 3 18 0 15 Right Click Menu Options e Show NASDAQ Show NASDAQ When this is selected stocks traded e Show MYSE on the Nasdaq will be displayed Settings Show NYSE When this is selected stocks traded on md la the New York Stock Exchange will be displayed REZA E tinka Settings See Settings Menu Always on Top Link2 Link This allows the Pre Market Indications window to E L
197. ther windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows Change Font Selecting this opens a window that allows the user to change the font style and size Fixed Font Checking this will keep the font size when re sizing the window Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2012 Fusion Trading Solutions Page 106 Fusion DMA Manual Up Moves This window is only functioning in the PRE MARKET This window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Up Moves from the dropdown menu Up Moves DAY O x Show NASDAQ a ry w Show NYSE ha we Show AMEX Show OTC BB MED nm SHPGY No Symbol Link Change Font Link 1 ASML Fixed Font WH Link 2 WPPGY Change Background Color MN Links IVV y inka MELK links ARMH E Link FEU F In PRGO WM Links DIA Link 10 EWP MICC MT El This window is a real time streaming market filter that displays the stocks in which the most up moves are occurring Right Click Menu e Show NASDAQ Checking this displays stocks traded on the NASDAQ exchange e Show NYSE Checking this displays stocks traded on the N Y Stock Exchange e Show AMEX Checking this displays stocks traded
198. tions for the stock ordered DnR Do Not Route When checked order will not re route to other venues o2012 Fusion Trading Solutions Page 38 Fusion DMA Manual e Hidden When this is checked orders will be hidden and not displayed on certain Exchange s Limit order books e Fill ED Fill Entry Dialog when checked custom trader key will populate the click entry fields in the Market Maker e 1 Info Button Clicking this button will open an Information window containing pertinent info about the Duplicate Shortcut Keys e Folder Button Clicking this button will open a file window to Load Trader Keys from File to allow you to manually load the trader keys portion of a specific profile a e Add New Key Click this button to clear all fields and prepare the form prior to creating a new key assignment e Update Key Use this button to make changes to current Key settings After clicking the Update Key button and making desired changes click the Assign Key button to set save changes e Delete Key After selecting a created key from the Trader Key list click this button to delete the key from the list e Clear Shortcut After selecting a created key from the Trader Key list click this button to clear the shortcut prior to assigning a new one Click the Assign Key button to set save changes e Select All Click this button to select all the Keys in the Trader Key list e Un Select All Cli
199. trailing stop triggers 2012 Choose the Side buy sell that will cover the position Choose the Destination exchange you wish the order to be sent to Choose the Type of order Limit Market you wish to use Choose the Duration of the order to be sent Choose the Size number of shares of the order to be sent Choose the Reserve Size number of shares of the order to be sent hidden Enter the Limit Price when using Limit orders Enter the Stop Price when using Stop orders on SDOT Fusion Trading Solutions Page 100 Fusion DMA Manual gt Step 6 After setting up the order to be sent as described above click the Attach Order button The Trailing Stops window will now follow the price movement of the stock and automatically send the order when the trigger is reached e The Max Price is the maximum price that the stock had traded in favor of the trade This is the price the price difference will be calculated by to trigger the stop e The Base price is simply the average price of the position e When an order is attached the symbol in the Trailing Stops list will be highlighted with a yellow background When the order is sent the symbol in the Trailing Stops list will be highlighted with a blue background 2012 Fusion Trading Solutions Page 101 Fusion DMA Manual Pairs Trading Manager The Pairs Trading may be opened by click
200. ual Orders Right Click Menu Right clicking on a selected order in the Trader View window while set on the orders tab will bring up the following options Order Update Order Update to Market Add OCO Link as OCO Unlink From Oca Update All Buys to Market Update All Sells to Market Select Columns Update All Shorts to Market Change Font Cancel Selected Order Change Colors ho Symbol Link Cancel All Orders For Stock A Link Cancel All Buy Orders For Stack la bid MW Link 2 Cancel All Sell Orders For Stack ae a dota ei WM Links Cancel All Short Orders For Stack lee Digi E Link 4 w Show Horizontal Lines links Cancel All Orders e Show Vertical Lines MM Links Cancel All Buy Orders Drag amp Drop MM Link Cancel All Sell Orders Show 4 Decimals in Price links Cancel All Short Orders Copy to Clipboard links Buy Sell to Basket sets SSI fei Real time Sort E Link Ta All Settings Show Filter Bar Order Update Choosing this will open an order entry window populated with all the details of the selected order The trader may make changes to any of the order details he desires Upon submission the updated order will cancel and replace the original order Order Update to Market Choosing this will update your order into a Market order Upon Submission the updated order will cancel and replace the original order Add OCO Selecting this option will allow to add an order to OCO Group by en
201. uity falls below a required percentage due to adverse price movement Marked to Market At the end of each business day the open positions carried in an account held at a brokerage firm are credited or debited funds based on the settlement price of the open positions that day Market capitalization The value found by multiplying the number of outstanding common stock shares by the share price indicates firm size and total value held in stock Market maker One who maintains a market firm bid and offer prices in a particular stock by standing ready to buy or sell round lots at publicly quoted prices Market on close MOC order An order to trade stocks options or futures as close as possible to the market close Market order An order to purchase or sell stock at a current price 2012 Fusion Trading Solutions Page 148 Fusion DMA Manual Mid cap stock A stock or company that has a market capitalization between one and five billion dollars Momentum The amount of acceleration of an economic price or volume movement Momentum traders often purchase stocks that have recently risen in price Money market fund A type of mutual fund that invests in short term securities such as Certificates of Deposits and Treasury Bills Moving average An average calculated every new period by putting in latest value and taking out oldest value of previous period Moving Average Convergence Divergence MACD The crossing of two exponentially s
202. ut of the Money A call option whose exercise price is above the current market price of the underlying security or futures contract For example if a commodity price is 500 then a call option purchased for a strike price of 550 is considered out of the money Outstanding shares The total number of a company s publicly traded shares P Penny stock A stock trading under 5 Penny stocks tend to be very speculative and volatile most ending up worthless in the long run Pivot Point In market activity a price reversal point Premium 1 The difference between the price an investor paid for a stock and the price at which the stock was sold Also a group of securities that are selling at a higher price than others are considered to be selling at a premium 2 A bond sold above its par value 3 the price of an option contract also in futures trading the amount by which the futures price exceeds the price of the spot commodity Premium income The income received by an investor who sells an option contract s Preferred stock Stock whose holders have precedence over common stock in claiming dividends and assets Price to earnings ratio P E The ratio found by dividing market price per share by earnings per share This ratio indicates what investors think of the firm s earnings growth and risk prospects Price to book ratio The ratio found by dividing a stock s market price per share by its book value defined as being assets minus
203. ver Custom Sends a market order to cover a preset Cancel All Sell Orders Cancel All Short Orders percentage sell to cover longs and buy to cover shorts the selected position for a quantity of shares equal to Select All preset percent of the total position size rounded up to the Buy Sell to Basket nearest custom share lot Note To avoid odd lot charges the cover functions will always send the Show Closed Positions cover order for a minimum of 100 shares Add 25 Sends a market order for an amount of shares that will increase the size of the position by 25 percent Settings rounded up to the nearest 100 shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Add 50 Sends a market order for an amount of shares that will increase the size of the position by 50 percent rounded up to the nearest 100 shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Add 75 Sends a market order for an amount of shares that will increase the size of the position by 75 percent rounded up to the nearest 100 shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Show Positions with Mac Open Orders d 2012 Fusion Trading Solutions Page 67 Fusion DMA Manual Add 100 Sends a market order for an amount of shares that will increase the
204. w is a real time streaming market filter that displays the stocks in which the most down ticks are occurring Right Click Menu e Show NASDAQ Checking this displays stocks traded on the NASDAQ exchange e Show NYSE Checking this displays stocks traded on the N Y Stock Exchange e Show AMEX Checking this displays stocks traded on the American Stock Exchange e Show OTCBB Checking this displays stocks traded on the Over the Counter Bulletin Board exchange Y Un checking any of the above will filter them out of the display e Link This allows the Down Moves window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2012 Fusion Trading Solutions Page 108 Fusion DMA Manual Print Moves This window is only functioning in the PRE MARKET This window may be opened by clicking Windows at the top of the Fusion DMA control panel and selecting Print Moves from the dropdown menu Print Moves DAY O X e Show NASDAQ GSK
205. weep Trader Keys b O Price Level Level Group Size 0 000000 Level Group Basis 0 000000 Precision 2 2 ECN Display e ECN Use the dropdown arrow to the right of the window to select the ECN you wish to adjust Settings q p keyboard Layout Market Sweep Trader Keys Price Level El ECH Display ECH ARCA Group Size U 000000 Type Full Full Hone e Group Size When a price is inputted Market Maker will aggregate all shares per ECN to specified price e Type e Full When selected the full depth of the limit order book for the ECN displayed above in the ECN window will be displayed in Market Maker Books windows Note you must be subscribing to the selected ECN data source to view full quotes e Inside When selected the Inside market best bid offer for the ECN shown above in the ECN window will be displayed in Market Maker Books windows e None When selected no quotes will be displayed for the selected ECN 2012 Fusion Trading Solutions Page 28 Fusion DMA Manual 3 Price Preference Settings x 4 P Keyboard Layout Market Sweep Trader Keys gt Price Level ECH Display O Price Preference Use Preference by Size True Preference by MM List Preference by Size When this box is True quotes will be displayed in order of the greatest number of shares available at that price level Preference by MM List These settings allow the trader to Price Pref
206. y set the Size of all orders to match the size of positions held in that stock This is convenient when preparing Basket Orders intended to cover all open positions Select All Click this to select all stocks in the Basket list Changes made to any of the order details will take effect on all stocks selected The label on these buttons will vary depending on whether all the orders selected are on the same Side or not For example if all selected orders are to Buy the button will say Buy etc If there are orders on various sides selected some Buy and some Short etc the button will say Submit Submit All Price Adjustments Real Time Prices When this box is checked the Limit Price and Stop Price fields will display and follow the real time price of the stock selected These prices may be keyed off of the Bid Ask price Last Close or open price by checking the desired check box Window Use this window to add or subtract a desired amount to the Limit Stop price when using Real Time Prices Use the arrows to the right of the window to increase decrease price by pre set increments See Settings Defaults Increment Values For Example If 05 is entered in the window and the real time price being followed is 20 00 the Limit Price Stop Price fields will show 20 05 Reset Clicking this resets the Limit Price Stop Price fields to the prices displayed prio
207. ype Use Order Type False Order Type Limit El NASDAQ El Destination Use Destination False Destination None El Order Type Use Order Type False Order Type Limit 2012 Fusion Trading Solutions Page 18 Fusion DMA Manual e Order Type When this box is True orders for Listed on the New York Stock Exchange stocks will be automatically populated with the Order Type shown in the window below Use the dropdown arrow at the right side of the window to select the desired Order Type e NASDAQ e Destination When this box is True orders for stocks traded on NASDAQ will be automatically populated with the Destination shown in the window below Use the dropdown arrow at the right side of the window to select the desired order destination e Order Type When this box is True orders for NASDAQ stocks will be automatically populated with the Order Type shown in the window below Use the dropdown arrow at the right side of the window to select the desired Order Type 6 Cover Strategy r The default settings in this area effect Cover and Flatten orders placed via the right click menus available in the Trader View positions tab and Personal Stock Sorter windows Settings Pak Basket Colors Connections Defaults Keyboard gt Size Increment Yaluezs Duration Yenues Selection Order Strategy E Cover Strategy O Listed Destination SOOT PAYTHRU Order Type Lirnit 1 Duration DAY Pr

Fusion DMA Manual 4.5.10.8

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