BookMap User Guide
Contents
1. li ARRET Gray scale indicates order size vien en Blend En pile LU it CRIE IE N Laie 7 Tu DE DI ma al an tuj nD oe co cm J co och D tf Coico fe ch ho AO LL J J Co VO Red dots indicate Executed volume with market s executions aggressors relative size BookMap Chart Placing Orders Every time the BookMapchartopens the one click trading feature is disabled To enable one click trading click the Lo icon above the chart for trading configurations This will open a new window Check Enable One Click Trading and specify the number of contracts per click order size Once One Click Trading is enabled follow the instruction below to place or cancel orders a To place a Buy Limitorder click the left mouse button below the current bid at the desired price level Note that clicking the left mouse button at or above the current ask will result in a buy at current market price Page5ofl1 mr BookMap e b To place a Sell Limitorder click the right mouse button above the current ask at the desired price level Note that clicking the right mouse button at or below the current bid will result in a sell at market price c A single mouse click places an order for the number of contracts specified by the trader in the trading configuration Each additional mouse click will add another order for a similar number of contracts d To cancel pending orders place the mouse2. best bid and ask line The circles are drawn with precision of a single pixel of your monitor The area of the circle represents total executed volume This size is scaled to create reasonable range of circles per each instrument s volume The center of the circle represents the exact time and the volume weighted average price of all trades that occurred at given pixel if occurred According to the location of the circles on the price axis and the red to yellow color gradient used users can identify whether the traded volume was initiated by buyer s or by seller s The redder the color of the circle the greater the selling activity at that price and time The yellower the color of the circles the greater the buying activity at that price and time To activate trades visualization click the Le icon for trading configuration and check Market s trades Chart contrast and other Settings a BookMap automatically sets the contrast of the chart heat map based on the maximum size on the order book and the distribution of pending prders at the different price levels Users can control when BookMap recalibrates the heat map contrast It can be set at predefined frequencies and at every time the chart is recentered To control these setting click the contrast icon above the chart and check the recalibration options you want to use User can also control the brightness of the display by using the slider on the contrast settings window a A
3. Sri fn E BookMap User Guide mr 7 BookMap Introduction BookMap is an innovative analysis and trading application that delivers a consolidated visualization of past and present market depth using a configurable gray scale heat map BookMap keeps record of the order book activity over time and displays it to the trader together with current market depth The visualization of the evolving order book activity givesthe trader an enhanced ability toanalyze market dynamics and patterns as well as assessing the perpetual strength and weakness of different price levels BookMap allows the trader to quickly translate market analysis into trading actions with one click trading capability directly from the BookMap chart 1 SystemRequirements The following hardware and software specifications are the minimal requirements for installing and using BookMap a Windows 7 Vista 2000 or XP b Monitor with minimum resolution of 1024x768 c Minimum of 3Gigabytes RAM and 40 Megabytes free disk space d Intel Core 2 DUO or equivalent 2 0 GHz or above e Stable internet connection Minimal speed 1Mb sec f A mouse with a middle button is required for one click trading 2 User manual BookMapis installed with live and replay offline modes The live mode presents real time market data transmitted from Trading Technologies X Trader Pro It also allows transmission of orders to X_Trader Pro through one click order placement directly from t
4. djust automatically on chart recentering Adjust automatically every sec Brightness a iie GG BookMap Contrast Configuration Page8of11 mr BookMap P b For a zoomed in and out view of the chart click the above the chart c Usethe W icon above the chart to scroll the chart sideways Note that while thehand icon is pressed BookMap will keep the presentation anchored to the area chosen by the trader While in scrolling mode the chart can be zoomed in and out while anchoring to the middle point of the current chart view Zooming in and out in scrolling mode can be done wither with the zoom in and out icons or with mouse scrolling In order to switch back to current time unclick the hand icon Intentionally left blank Page9of11 BookMap Orderbook Insights BookMap Replay BookMap Replay enables to replay pre recorded market data and place order in simulation mode during the replayed session Except for playing non real time data the chart in the BookMap replay mode has the same features as in the live mode BookMap live Running BookMap Replay a Open BookMap Replay This will open BookMap Replay control window e In the control windowclick Feed This will open a new window Choose one of the text feed files and click Open Each feed file represents a prerecorded trading sessions EIl H on SERBE a feed_20131231 134505 982 txt R feed_20140107_1117 38 _312 txt RB fe
5. ed_20131231_144440_678 ixt R feed_20140108_090556_162 txt feed_20131231_145759_422 txt amp feed_example_20130627_GC_ES_ feed_20140102 085227 129 txt BE feed_20140102 105337 420 txt feed_20140106 134539 137 txt Files of Type Feed files feed txt Page10of11 BookMap Orderbook Insights f The recorded instruments will now load They will initially be displayed as grayed out buttons and will turn active once information is fully loaded g You are now ready to replay the recorded session Click any of the recorded instruments button to open BookMap Replay chart window Note that once the recorder instruments are loaded their respective market data is replayed automatically even if the chart is not open You can view the date and time progression above the instruments symbols on the BookMap replay control window Click any of the active symbol buttons to open BookMap chart h To pause and for faster or slower replay speed use the controllers above the BookMap chart Page11of11
6. ge6ofl1 f BookMap Orderbook Insights J BookMap pro GCG4 gt amp Position Bu sell Volume P amp L alll x Bo VeloXpro PLAJA Ga order book volume I LL a on buy limit Bookmap Live with pending cancelled and executed orders Approximation of Order Queue BookMap can display an approximation of the position of the trader s order in the queue of all pending orders at the relevant price level BookMap approximates the position in the queue according to FIFO matching algorithm using a more pessimisticscenario assumptions relating to cancelled orders The ability to display a more accurate position in the queue ultimately depends on the quality of data that is available for distribution on the trading platform BookMap presents queue approximation with white vertical lines on top of the current order book histogram The place in the queue is illustrated by the position of the line over the bar representing the current size of pending order at any given price level In order to activate the presentation of queue approximation click the Le icon for trading configurationand check Orders queue Page of11 f 7 BookMap Orderbook Insights Trades Visualization BookMap can display a graphical representation of all trades i e of all market participants that took place during the session for the displayed instrument BookMap draws varying sizes of red or yellow circles over the
7. he BookMap chart The replay mode allows traders to replay recorded trading sessions and view the evolution of the order book over the entire session Traders can place and execute simulated orders to verify how theirtrading decisions and strategies fit theiranalysis of the market based on BookMap insights Unlike the live mode BookMap Replay is independent of any trading platform and runs as a standalone application Pagelof11 BookMap Orderbook Insights RunningBookMap Live _ a Before launching BookMap Live make sure your X_Trader Pro is up and running b Open BookMap Live This will open the BookMap Live control window f BookMap lei x Add Instrument c There are two ways to add instruments to BookMap display Click Add Instrument and type the details of the exchange and instrument of your choice Note that these details must match those used by X Trader Pro so it can identify the request Aletrnatively click Drag amp Drop This will open a new window which serves as a pad to drag and drop symbols from X_Trader Pro Market Explorer Exchange Product Type Instrument d After adding the details of the desired symbols in the subscribe window or dragging and dropping the symbols from the Market Explorer the selected symbols will be added to the BookMap live control window Initially they will be dis
8. played as a grayed out button but will turn active once new data is transmitted from X_Trader Pro Once active click the symbols button to open the relevant BookMapcharts Page2of11 BookMap Orderbook Insights Drag amp Drop Add Instrument Drag amp Drop CME ES Mar14 CME CL Feb14 CME GC Feb14 CME GC Feb14 CME CL Feb14 Bookmap Live General Orientation Bookmap Live has several distinctive elements a The blue and green bars on the far right side represent the volume of executed orders at each price level accumulated from the start of the session The blue and green colors represent the relative size of executed orders by each group of aggressors Blue represents buyers were the aggressors and green represents sellers were the aggressors This can help traders assess which aggressors had more power at the relevant price level since the start of the session The volume bars can be reset to restart accumulating executed orders This can be done either manually or automatically at a preset frequency To reset the volume bars place the mouse cursor over the volume bars area and right click to choose from either a manual reset or automatic reset settings See illustration in the next page Page3of11 mr BookMap Orderbook Position Buy M ala 9 ll 0 0 order book volume Reset Volume Now 1 ES T Reset Volume Automatic b The green and blue bars to the left of the volume ba
9. pointer over the relevant price level and click the middle mouse button e To delete all of the pending orders at a certain price level place the mouse pointer over the relevant price level and press CTRL click the middle mouse button f To cancel all pending orders click theX icon above the chart g To exit all open positions click thel gt icon above the chart Order Status a Cyan circle marks the placement of a buy order Cyan line extends from the circle until the order is either filled or cancelled A filed buy order is marked by cyan square b Magenta circle marks the placement of a sell order Magenta line extends from the circle until the order is either filled or cancelled A filed buy order is marked by magenta square c Itis possible to define what type of order information will be displayed on the chart By default pending orders cancelled orders and executions are all presented on the chart To change the default settings click the Le icon for trading configurations and uncheck the relevant information d The pending orders and open positions are also designated by counters above the chart e P amp L is indicated above the chart The P amp L is asummation of both the realized and unrealized P amp L during the session f Orders generated for s specific instrument directly fromX Trader Pro will also be displayed and updated on the BookMap chart opened for the same instrument See illustration in the next Page Pa
10. rs represent the size of the current bid blue and ask green orders at each price level c The green and blue lines on the left side of the chart represent the best bid and ask prices d The color shadesof the various price levels represent the evolution of the order book during the session BookMap keeps the history of the order book size at each price level with a matching color code The brighter the color the larger the order book size at that price level The color shades settings are configurable as explained below When a price level goes out of the range transmitted by the exchange for example CME transmits only the best 10 levels of bid and ask BookMap keeps record of its last transmitted size and updates it once the level returns to the transmitted range This allows traders to estimate market depth even beyond the exchange transmitted range e The progressing yellow vertical line represents current time The area left of the vertical line representshistorical price changes and order book size The area to the right of the yellow line is an extended picture of the current price and order book size Page4of11 f 7 BookMap Orderbook Insights BookMap com NQ 03 14 Globex o x IN Position Sell Yolume MAAL al XB a VeloXpro order book volume 133 220 lo hl Current Order Book 161 cn i ER r DID 11001 1 EN oy oo ICT GO NJ ts
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