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Graybox – User Manual_V8 1

1. ki 67 Gate SOU VONE f s ae M 68 5 0 5 NONM CON PANNO raise anye beny tr bk ee oo ni S ei ae kn oke kr eki ane ba Ale ip aa be 68 Bre DOI SL VIC seve ka a antr E EM 69 HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 4 0 5 le gd ne LEE 70 UEM MOSQ P 70 i A TT Bie rr 71 5 210 Draw Horizontal LINS io andi kl kika ka rose te a ke e n ob ann me 71 DC MEME o ie an DI Mme 72 FPE 75 OA OGG SY OOo E 75 O42 2OaG 1 OMA aly DIE Sri e at pk kek pe el a bik aa er RE CR NE PI e a te A tand a 75 SE E e Cen Laien e ER 76 opo m Geer OP WO PP 77 6 4 5 Refresh DEENEN ki jo kk ki ked kay tdi NHAU Ee 77 Caas WICK rena ns 77 6 5 1 Setting Up trie TICK EE 78 6 0 NYSE OPEN BOOK nee ee ERU b UD UN GEES 79 mo alos dKelelg FON EE 79 626 2 Ec rm A OO cnm 79 oom EUNT UL kk A eee ai AA k go St 79 Ola TME CUS ANOS kaye ana kaka ky n tol e e e pop e k k DNE m an ke DUUM DELI Pe e ke ee e bite ka ken 79 G e ern daj konet ep ran eki na e pa kn E teres E E e ae ka riban 82 Ja BACK aigle Met Legd e SE rU e Eege SE 8 Frequently Asked Questions FAQ S nana nana nnn nnn 84 CHO SAY M 86 FIND
2. HOLD BROTHERS Success is how last you get there Graybox User Manual V8 Figure 98 Time amp Sales Custom Search e Data in Time and Sales can be customized and filtered according to Exchange Trade Condition Trades Bids and Asks See Figure 99 Select t Exchange t Trade Condition Select Exchange UnSelected Selected Select Trades and Quotes W Trades Bids Asks Cancel Figure 99 Time amp Sales Filter HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 82 6 8 Market Clock Market Clock shows the current market time with date and market open close status Market clock is opened from the Order entry Window View Market Clock See Figure 100 fa Market Clock hs Figure 100 Market Clock HOLD BROTHERS Success is how last you get there Graybox User Manual V8 7 Back Office Functions This section explains the back office functions of Graybox 7 1 Viewing Statistics The Statistics screen shows all your trades for the day with the number of trades the volume on ECNs SelectNet and Profit and Loss HOLD BROTHERS Success is how fast you get there 83 Graybox User Manual V8 84 8 Frequently Asked Questions FAQ s 1 How to load or save the layout To Load a Layout go to File Menu gt Layout gt Load Choose a layout from the pre saved xml layouts To save a Layout Go to File Menu 2Layout 2 Save Af
3. Figure 69 Chart View of a Stock 6 3 1 Interval An interval is a gap between prints to be plotted You can set an interval to Bar and Day charts An Interval can vary from 1 minute to one day based on the type of Chart An Interval cannot be set for Tick Chart Note To set the interval Right Click on chart and Select Interval or use the drop down box option to set interval as shown below in Figure 70 3 4 International Business Macht minute Bar ar Chan E d Ee Enn 125 2000 124 4000 Aug 26 09 39 00 Figure 70 Interval Setting Window HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 67 6 3 2 Show Last Along with the interval you can also set the Show Last duration for the chart display To set Show Last Right Click on chart and Select Show Last or use the drop down box option to set Show last option as shown below in Figure 71 OUEMTLETE Business Mach 1 minute Bar Char enim x Eg ELTE Ji d i E amp amp s 5 Days lk 1 Minute 1 Minute 2 Minutes h Minutes 10 Minutes 30 Minutes 1 Hour 4 Hours 125 2000 Taday Full Day I Ki Aug 25 16 03 00 Figure 71 Show Last Setting Window 6 3 3 Edit Chart Dialog You can also set Interval Show Last and Chart Type through Edit Chart Setup To set through Edit Chart Setup Click on the Edit Chart setup Icon in the chart or Right click and select Edit Chart option The Cha
4. RESV option you can set the default display quantity reserve quantity and the step size for increasing decreasing the quantity 4 1 4 Switching between Live and Custom Mode To enable price change according to the last Bid or Ask Click LIVE This can be toggled to enable or disable live updates as the market changes 4 1 5 Time in Force Time In Force TIF denotes the number of seconds the orders remain afloat before they time out By default TIF is set to 180 seconds However you can change the TIF for individual orders If LIVE is clicked the order gets updated by current market price automatically If the price is changed manually the LIVE mode gets disabled Do not set the default TIF below 120 seconds for INCA orders Else the order s get rejected You can change the TIF type for a particular order from the TIF dropdown list as Shown in Figure 18Error Reference source not found The options available for Time in Force are e Default TIF e Day e IOC e At Open e Open X Imbalance e Close X Imbalance e Intraday X Only HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 Lst 57 89 1 Net 0 09 Vol 7 318 616 Imb 0 M LRP BShr 18 AShr 24 Opn 58 20 OBI 26 g D Low 57 7801 Hi 58 46 Tme 13 49 00 OAI CH PER 08 ENG vn Open X Imb Only v BN Figure 18 Changing Time In Force e FE Lj i Hote 4 1 6 Buy a
5. This box enables you to configure settings for Immediate Or Cancel Mode All your orders are filled either immediately or cancelled The default value can be set for each ECN Exchange supported by Graybox e IOC All Orders go out as Immediate or Cancel If the ECN has a match in their books the order gets filled or else the order is automatically cancelled e Normal Orders are sent out with the default Time In Force This allows the ECN to be proactive in the order matching and forward orders to SNET or other ECNs if a match is not found in the books This feature can delay cancel orders at times e Automatic This allows Graybox to determine whether orders go out as IOC or Normal By default all orders that post liquidity are sent out as Normal and all orders that grab liquidity are sent out as IOC For example all Buy orders above the offer go out as IOC while all buy orders under the offer go out as Normal HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 5 1 5 ECN Exchange Routing Mode You can set your ECN Routing Modes here RASH Routing Mode Listed RASH Routing Mode GTC me BB Default SDOT Use NYSE HBES Routing Default AMEX Use Default BESS Use ARCA Routing Made EDGA Routing Mode EDGA Routing Style EDGX Routing Mode EDGX Routing Style BATS Routing Mode CSFB Routing Made NSXS Routing Mode DTTX Routing Mode CESX Routing Mode NOQPX Routing Mod
6. routed to the exchange For cancellation confirmation click in the Messages window and verify if the order is actually cancelled SelectNet orders must be active for at least 10 seconds before they are canceled Orders may still be filled while they are being cancelled or before they are o Hote To cancel all orders e In the Graybox main active order window click Trading menu point to Cancel and then click All Orders Or HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 36 e Press Ctrl F12 This is the default keystroke The 0 button on the number pad cancels all orders in a selected stock To cancel all orders for a selected stock 1 Select the stock so that it appears in the Graybox main window 2 Onthe Trading menu point to Cancel and then click All For Selected Stock Or Press F11 This is the default keystroke To cancel all buys for an individual stock 1 Select the stock so that it appears in the Graybox main window 2 Onthe Trading menu point to Cancel and then click All Buy Orders Or Press the Shift F12 This is the default keystroke To cancel all sells for an individual stock 1 Select the stock so that it appears in the Graybox main window 2 Onthe Trading menu point to Cancel and then click All Sell Orders Or Press the Alt F12 This is the default keystroke 3 Canceling SNET and SOES orders 4 7 Manual Order Entry Window 1 On the Graybox Main window select N
7. Config Trading Options Setup gt ES UNLOCKED View Entitlements View gt Help About GrayBox Configuration Help Preference Window Ca Cancel NSDQ SDOT Orders gt kus Lid DisplayType Routing Exch ECN Order Cancel All Orders Close Outs All Buy Orders Trailing Stops All Sell Orders All For Selected Stock Selected Order Figure 52 Cancel Order Hotkeys HOLD BROTHERS w fast you get there Graybox User Manual V8 55 5 15 1 Cancel Replace Orders Hotkeys Keymap Configuration A e E L MarketMaker Window Rs Pref Listed Trading Wnd Cancels all sell orders in the stock you have the focus on Regular KeyBoard dodd EIS BENE SSE al ka a Be el Return Show Conflicts Figure 53 Cancel Replace Orders Hotkeys More information on Cancel Replace orders hotkeys is provided in 4 6 Canceling an Order HOLD BROTHERS w fast you get ther Graybox User Manual V8 56 6 Market Maker Window Configuration This section explains the configuration of Market Maker window of Graybox 6 1 Market Maker Window Market Maker window displays the quotes of the selected stock MM window displays the pending orders that are awaiting execution To open a Market Maker window e Click New Market Maker in the Active Order window You can open multiple MM windows EB
8. Details Window The Order Details window displays order details To view order details double click the order in the Active order window The Order details can be got from Messages window too Your order details are displayed as shown in Figure 7 All orders that are entered are displayed in the Order Details window until these orders are cancelled expired or executed When there is no order this is disabled Order Details Sequence Order Type Side Symbol Quantity Qty Left Limit Price Time Conf Time Exchange Line Index Contra Stop Price Reference Message Status Display Mode Time In Force Figure 7 Order details HOLD BROTHERS a Success is how fast you get there Graybox User Manual V8 16 3 2 Messages Window The Messages window displays messages related to orders Separate views are available for all message execution and cancellation orders for the day e Messages AN Exec Figure 8 Messages window This window shows all orders that have been executed cancelled user trashed or rejected and hence no longer active When there is nothing displayed in the messages window it means no transaction whatsoever has taken place for this trading day For more details on the status of an order double click the order The Order Details window Order Details Window3 1 1 shows the status and the error message if any 3 2 1 View Selections You can
9. Entry Window Mini Order Entry Prints Font Colors ESignal Link Scheme ESignal Link Type Figure 62 MarketMaker Menu Window You can enable disable Show Time Show Exchange Id and Change Order This Shows the time and exchange Id in the Prints area The Change Order option is used to change the display area in the Prints Area See Figure 63 Exchange ID Prints 09 32 13 09 32 13 09 32 13 09 32 13 Q 09 32 13 09 32 13 09 32 13 Q 09 32 13 N9 37 13 Figure 63 Prints Area of MarketMaker Window 6 1 3 1 Filtering the Prints Display Show Time Show Exchange ID Change Order Filter You can filter the Prints of the Market Maker window To filter HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 62 e Select Setup gt Prints gt Filter The Prints Filter window appears See Figure 64 Prints Filter Add Exchange Filter List COMMON CODES N NYSE Q NASDAQ NMS A AMEX B BSE C CINN P PACIFIC T NASDAQ LISTED B BSE def PRIMARY EXCH Cancel i Figure 64 Prints Filter Window 6 1 3 2 Showing Hiding the Time You can set the Showing Hiding the Time option as per the requirements To show and remove the time in the Prints column e Right click on the Market Maker window select SetUp Prints Show Time 6 1 3 3 Always On Top You can set Market Maker window Always On Top of other windows or screens of the Graybox applicati
10. Figure 30 Figure 31 Figure 32 Figure 33 Figure 34 Figure 35 Figure 36 Figure 37 Figure 38 Figure 39 Figure 40 Figure 41 Figure 42 Figure 43 Figure 44 Figure 45 Figure 46 Figure 47 Figure 48 Figure 49 Figure 50 Figure 51 Figure 52 Figure 53 Figure 54 Figure 55 Figure 56 Figure 57 Figure 58 Figure 59 Figure 60 Figure 61 Figure 62 5 lge ee e 24 changing Mine Ir e E 26 Changing routing exchanges cccccceeeeeeesceeeeeeeaeeaeeeaeeeeeeeeeeeeeeeeeeeeeenegs 27 ROULING graer DUONG MEETS 28 O ege eg ig 29 oenadihg BUy ENUY TEE 29 Sending SEI ENUY d UU UT T 30 Sehdihg SHOR Sell EMERY EE 30 Opening Preference WindOw ccsssssseeseeenmenmn nm rh nnns 31 Preference tee Le EEN EN TANNI SOPs SSG WD EE 32 Trailing Stops Buy Sell and Stop Sell Windows enne 33 Changing a floating order aie aid vere evi E ORE SUAE aD RE MH On VEA RE kr Fede 34 lee le O el 35 Miz ele e itio RETE 36 Trading Options WINGOW 23 898 FREU RI E bi INA ae eee a ET ak pr ke UR P Bet ou e pania 38 Pepa Quantity BOX CREER 39 Order Display MOUB BOX EEN 39 Market Maker Settings BOX erdeelt EDU des 39 Auto Close MOCGG EEN 40 Order Entry Positions Window Mode amp Level 2 Orders Settings Box 40 Tie In Porce Setung BOX oes kata but kin on key aa bin ie PF MP ei nan fia CPI IEEE 41 Rash Routing Mode BOX eeeeess a aaa NENNEN ENNEN 42 DIS play Size D fau t
11. Graybox User Manual V8 19 Column Headers Selected Sym gt 1 E a _ lt lt e Cancel Figure 11 Customizing upper Position window 2 Select the required column headers from Column Headers list The functions of the buttons are as follows o gt To move the selected column header from the Column Header list to the Selected list o lt To move the selected column header from the Selected list to the Column Header list o To move all the column headers from the Column Header list to the Selected list o To move all the column headers from the Selected list to the Column Header list o Up To move up the list o Down To move down the list 3 Click OK Column headers Position summary You can customize the position summary window If you do not wish to view the column headers e Right click the Position window and then click Show Hide Header See Figure 12 Repeat this procedure to view the position summary column headers You can customize and view only the required columns of the upper part of the Position window You can customize and view only the required columns in the position summary window To customize position summary column headers 1 Right click the Position window and then click Summary Setup The Summary setup widow appears as shown in Figure 12 HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 20 Figure 12 Customizing position
12. NYSE HBES Routing Default AMEX Use Default BBSS Use ARCA Routing Mode EDGA Routing Mode EDGA Routing Style EDGX Routing Mode EDGX Routing Style BATS Routing Mode CSFB Routing Mode NSXS Routing Mode DTTX Routing Mode CBSX Routing Mode il FLOW Routing Mode BYXX Routing Mode Display Size Defaults ECN NQPX Orders FLOW Orders ARCA Orders BATS Orders TRAC Orders XBOS Orders RASH Orders MILL Orders EDGX Orders EDGA Orders NYSE Orders NSXS Orders DTTX Orders CBSX Orders BYXX Orders Scroll Max DEER vin FE Default Oty Per Stock Allow Different Qty for each MM Window Remove C Auto Insert Default Optimization pon Display Refresh Rate E CINES NETS Book Optimzation Depth EN Est Commision Rate 1000 Shares MM MM Order Entry Display EEA ESignal Linking ECH Vax Conplance Mode E Active Orders Sort Cle M Mouse Scroll Function Pie B Figure 32 Trading Options Window HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 39 5 1 1 Default Quantity You can set your default share quantity for Listed OTC stocks here The Listed OTC stocks carry the set quantity to the default every time a new stock is typed Default Qty Listed 100 enn o Default Displey Qty SES Figure 33 Default Quantity Box 5 1 1 1 Order Display Mode You can set your order display mode by using this option There are three types of order display modes Automatic Normal and Hid
13. how fast you get there Graybox User Manual V8 75 6 4 BoardView Graybox BoardView provides trading information such as Last Traded Price Net Change Best Bid Best Size Best Ask and Best Size etc for selected stocks 1 Click the icon in Graybox main window The Graybox Broadview window appears 2 Right Click the BoardView window The Broadview window sub menu appears See Figure 86 EE Graybox BoardVies so T Buy Selected iim Vol Mee Pri__ Close Open Lo 54 083 Agilent Technologie NYS 27 69 27 91 Load from File 8 791 Barnes Group Inc C NYS 15 56 15 67 Save Symbols to File Save Data to File Sell Selected Clear Reload Use As Trading Basket Setup Columns Open MarketMaker Window acp CORE General Load from Analytics Refresh Interval Figure 86 GrayBox BoardView Window 6 4 1 Adding Symbols You can add stock symbols from the BoardView You can add as many symbols as required Type in the symbol number e Press ENTER and then type in another symbol The typed symbols are added to the BoardView To add symbols e Right Click the BoardView window Click on Symbols See Figure 87 Add required Symbols Click OK Board View after adding the symbols appears as shown in Figure 87 E Graybox BoardView 5 a Last 1 204 524 Agilent Technologies Inc C 292 991 Barnes Group Inc Commo 30919 179 761 776 Citigroup Inc Common Stock 3 1 679 37
14. in the Trader ID and Password fields The system automatically displays your default BRSQ account number The administrator will provide your Trade ID and Password You can change the password after first login 4 Click OK The Graybox main window appears as shown in Fig 2 HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 2 2 Describing the Main Window After you log on the Graybox main default window appears as shown in Figure 2 jj Graybox v3 5 0 beta 14 THRB OS1DEVORZ File Edit View New Trading Tools Configuration Help ee Ta EIERE eee E Figure 2 Graybox Main Window The Graybox main window menu consists of e File The dropdown menu consists of the following options o Layout to customize and save the layout see Section 2 3 o Change Password to change your Trader ID password o Exit to close the application e Edit Gives you the option to adjust edit preferences for order quantity The dropdown menu consists of the following options o Quantity e View Enables you to set up the View screens along with the GrayBox main window You can select the required screens for the dropdown menu The menu consists of the following options o Notifier o Positions Monitor o Hedges Monitor o Messages Ticker o Locates Monitor o Executions Ticker o Market Clock HOLD BROTHERS Success is how last you get there Graybox User Manual V8 10 O O Menu Status
15. message You must either change the other keystroke first so there is no conflict or disable the current keystroke To disable a function in the keystroke configuration table double click in the Disabled column It is a good idea to disable any keystrokes that you do not use especially if you are a new trader You can return to the default key mappings at any time To return click the Set Default button This deletes all the keyboard shortcuts that you defined 5 8 Trailing Stop Order You can set up the trailing stop orders for your trades For more information on trailing stops refer to Trailing Stops Buy Sell 4 4 To set Trailing Stops right click on the main Graybox window gt Setup gt Trailing Trailing Stop Window Defaults Direct Trailing Stop Hot Key a Em Ki Auto Trigger Trailing Stop on Entering Positions Cancel Figure 48 Trailing Stops Setup Window You can define appropriate Trailing Stops from the Trailing Stop window Defaults frame You can define Trigger order from the Trigger Based On dropdown menu The menu consists of Last print bid ask and Print Primary Exch Then you define the Trailing Stop Use from the drop down menu The menu consists of Stop Price Delta from Market and from Market You can also define the Trailing Stops through Direct Trailing Stop Hot Key frame You can select Direct Trailing Stop Hot Key from the drop down menu The menu consists of Use Delta from MK
16. o Very Thick Other options such as the background foreground and trend line colors can be chosen along with the colors specific to the chart 6 3 8 View Chart Data You can view the chart data in the case of Bar Chart To view the chart data Right click on chart window and select the view chart data See Figure 77 175 37 125 38 na 25 2n10 15 43 00 1 25 af 175 51 125 36 175 49 Figure 77 Chart Data Point HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 6 3 9 Draw Trend Lines You can draw trend lines over the chart to indicate a trend To draw a trend line 71 Right click on chart window and select Draw Trend Line or click on the Trend Line Icon See Figure 78 Draw Remove Remove All Figure 78 Draw Trend Line 6 3 10 Draw Horizontal Lines You can draw Horizontal lines over the chart to indicate highs and lows To draw a Horizontal line Right click on chart window and select Horizontal Line See Figure 19 E DELE Y v Show Toolbar Edit Chart Color Settings Chart Type SeriesStyle Interval Show Last Studies Data View Trend Line Horizontal Line Info Panel Remove Remove All 10 39 00 Merge Graphs Show Volume Always On Top Figure 79 Draw Horizontal Line HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 72 6 3 11 Studies You can do technical analysis of charts by using
17. orders and routing them 4 1 Market Maker mini Order Entry window The Market Maker window consists of a mini order entry screen This window routes orders to all available ECNs Exchanges You can trade both listed and OTC securities by using the mini Order Entry window You can also place different types of orders such as Stop Stop Limit MOC and LOC and change the Time In Force for an individual order You can make mini Order Entry window settings permanent by making settings in the Trading Options configuration To view the mini Order Entry window from Market Maker window 1 Right click the Market Maker window 2 Select View mini Order Entry window The mini Order Entry window appears in the middle of the Market Maker window sen EA 9 ES i sooo io 10052 37 71 NYS LRU te Lst 37 7523 10 Net 1 03 Low 37 30 Hi 38 83 Vol 28 334 730 Bid 37 75 BShr 13 kek 37 76 Level I Display AShr 10 Cls 38 78 Opn 38 38 Tme 12 39 16 Imb 0 M ol OBI OAI Nts 2 6501 MktCap Shrtint Div mini Order ZE EXE PER FER sv a Lol BEEN AN ln ZER MM Bid SIZE MM Ask SIZE 3 523 10 Prints Level II Display with Floating XABOS 1 100 37 72 orders You can disable the mini Order Entry window if you do not want to view the window This can be done using the right click menu option in Market maker window Right click in market maker window in the menu select View gt Mini order entry check uncheck to enable disable mini OE
18. swipe Factor Swipe Factor Swipe Based On Swipe Based On NYSE SOES Delta Keys These Keys will send Orders to SOES for OTC Stocks and send NX Orders to NYSE for Listed Stocks NYSE SOES Delta Keyi Value RE wvse soes Delta key Value SE NYSE SOESDeltaKey 2 Value RS NvSe SOES Delta Keya value E Limit Price Based On ESSENCES Direct ECN Keys Figure 46 Swipe Setup Window To configure multiple swipe keys 1 Go to the Graybox menu and pick setup 2 Then go to the swipe key To enable the swipe keys o Go to Keymap Configuration and enable the Swipe Keys If required you can change the keystrokes 3 Select the required Swipe ECN e g INET and the Swipe Factor e g 0 001 and specify if the swipe should be based on the Inside Market or ECN Market The SOES Delta Keys allow you to send SOES limit orders ata specified increment above the market price HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 48 To set the increment On the context menu click Setup Swipe In the SOES Delta Value field enter the decimal value of the increment for the limit price en By default SOES Delta key functions are disabled and no keystrokes are NON assigned To use hotkeys go to the Keymap Configuration and assign appropriate keystrokes to the key functions and enable them Hote 5 7 Setting Up Keyboard Shortcuts In this version of Graybox the Keystrokes are divided i
19. window or the Listed Trading window open The orders go out at the current Inside Market which are the best inside ask for buys and the best inside bid for sells short sells They use the same setting as used by the other Super ECN Keys E MA The keystrokes are disabled by default and can be assigned using the KeyMapConfig Window in the MarketMaker tab Hote 5 6 Multiple Swipe Keys Swipe orders do not go by the best NASDAQ bid offer but go at the increment based on the best bid offer for the specific ECN or the Inside Market The order is placed on top of the specific ECN book or Inside Market HOLD BROTHERS Success is how last you get there Graybox User Manual V8 47 ECN swipe keys are commonly referred to as Shave Keys You can configure five sets of ECN swipe keys You can send orders at a specified differential factor above below the best Bid Offer for a specified ECN To launch this order the preference box need not be open but the keys need to be enabled separately in the keymap configuration For each Bid Offer sent to an exchange a factors set for inside the market etc executions this maximum factor acts as the referral point Swipe swipe 4 Swipe Exchange Swipe Exchange swipe Factor swipe Factor Swipe Based On Swipe Based On swipe 5 Swipe Exchange Swipe 2 Swipe Exchange swipe Factor Swipe Factor Swipe Based On Swipe Based On Swipe 6 Swipe Exchange Swipe 3 Swipe Exchange
20. you get there Graybox User Manual V8 21 Close Out Keys S Eclose Qut Key 1 Close Qut Percentage Close Out Mode Close Out Use Close Out Key 2 Close Out Percentage Close Qut Mode Close Out Use Close Out Key 3 Close Out Percentage Close Out Mode Close Qut Use Close Out Key 4 Close Qut Percentage Close Qut Mode Close Out Use Cancel Figure 13 Close Out Keys Setup 4 Close out keys can be configured as hot keys from the KeyMapConfig e window Hote 3 4 Executions Ticker Window The Execution window displays all executions Contra Figure 14 Execution Ticker window Following are the columns in the Execution Ticker window Execution time of the order HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 22 3 5 Notifier The Notifier window displays all the system messages that are related to Graybox These include periodic system announcements that are made by the Graybox system administrators Figure 15 Notifier Window Following are the columns in the Notifier window Time when the message is relayed by the administrator Source of the message Detailed message Criticality of the message HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 23 4 Order Entry You can make order entries in different ways and in different windows This chapter explains different ways of placing
21. 4 4000 LAST VOL IBM 7300 7300 0000 10 00 00 E Figure 74 Information Panel 6 3 6 Series Style To set the Series Style Right click on chart window and select Series Style and then select the required option See Figure 75 This Dropdown menu consists of the following options o Solid o Dot o Dash Dot 4 F International Business Macht 1 minute Line Chart jS im Ji 4 amp 7 E amp amp Today lk Minute Edit Chart 26 08 2010 Calor Settings 10 28 00 i BM 124 70 Chart Type Volume 3100 cmm Solid Interval Dot Show Last v Dash Dot Studies T aime Data View 1 FUUU Trend Line LAST VOL IBM 3100 Horizontal Line Info Panel Merge Graphs 120000 v Show Volume v Always On Top v Show Toolbar H ao 25 15 32 00 15 58 00 A E 10 28 00 Geer Figure 75 Series Style cM 1 HOLD BROTHERS Graybox User Manual V8 70 6 3 7 Color Settings You can set the thickness of the chart line background and foreground color of the chart area To set the Color Settings Right click on chart window and select Color Settings from the Market Maker menu See Figure 76 Series Properties Background EN Foreground Je Trend Line Color lei Candle Stick Up Color e Candle Stick Down Color Cm ze Figure 76 Color Settings Apart from Series and Color the Weight Dropdown menu consists of the following options o Thin o Med o Thick
22. 5 459 Cls 57 98 Opn 58 20 Tme 13 45 08 Imb 0 M 361 OBI OAI CH PE 08 Ee ren uve pea mm DES DE MM Bid SIZE MM Prints R ASH MOPP Figure 19 Changing routing exchanges 4 1 8 Add amp Remove Liquidity Mini Order entry from the market maker window gives you the facility to Add or remove liquidity from the Market maker window itself Using this option will help you set the price so as to add or remove liquidity from market 4 1 9 Setting Routing Order Buttons Routing exchanges and routing modes are displayed in the Destination Exchange drop down menu to help you in fast trading You can customize the routing order buttons displayed on the Order Entry window To rearrange the routing order buttons in the Order Entry widow 1 Right click Market Maker window 2 Select Setup gt Order Entry Window gt Order Buttons The Routing Order Buttons window appears HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 28 Column Headers Selected HDOT n Figure 20 Routing order buttons 3 Select the required routing order buttons from Column Headers list Functions of the order buttons are as follows gt To move the selected routing order button from the Column Header list to the Selected list lt To move the selected routing order button from the Selected list to the Column Header list gt gt To move all the routing order buttons from the Column Header list
23. 5 Dominion Resources Inc 14 231 009 ENI 5 p A Common Stock 285 31 126 091 Ford Motor Company Com 6 128 875 Genpact Limited Common 3 114 645 Hyatt Hotels Corporation Cla Ey W i P Figure 87 Graybox BoardView with Symbols Added 6 4 2 Load from Analytics You can load stocks from Analytics Analytics option provides All and Top 10 to 30 Imbalances for Buy Sells and Both for the day Top 10 to 30 imbalances can be loaded by percentage also See Figure 88 This allows you to make instant trading decisions and take or switch between positions based on Analytics To Load from Analytics right click the BoardView window The sub menu appears See Figure 88 HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 76 97 09 97 09 Sym Last Net BBid B A n 129 c Agilent Technologie Barnes Group Inc C Sell Selected RE P Citigroup Inc Comm Dominion Resource Load from File ENI S p A Common Save Symbols to File 30 761 447 Ford Motor Compan 116 075 Genpact Limited Co 113 245 Hyatt Hotels Corpor Buy Selected Save Data to File Clear Reload Use As Trading Basket Setup Open MarketMaker Window Load from Analytics Top 10 Imbalances Top 10 Imbalances by Top 20 Imbalances Top 20 Imbalances by Top 30 Imbalances Top 30 Imabalances by All Imbalances Figure 88 Load from Analytics Window 6 4 3 Customizing Headers You can cust
24. 7 H Hidden 39 L Links 52 M main window 8 9 20 36 41 44 48 50 51 53 Manual Order Entry 10 36 40 87 Market Maker 23 27 39 40 45 48 56 57 58 59 60 61 62 63 65 66 67 68 70 79 86 Messages window 15 16 35 Multiple Swipe Keys 46 N Normal 39 41 O Order Display Mode 38 39 Order Entry 23 24 26 27 36 40 43 60 P Password 8 9 12 13 53 Preference window 31 32 Prints 57 61 62 R Router Settings 52 S Setting the Colors 50 Setting the Font 51 Setting the Sounds 51 Setting Up Keyboard Shortcuts 48 Setting Up Smart Order Routing 44 Showing Hiding the Time 62 T The Super ECN Key 45 46 Ticker 10 21 77 78 Trading 10 23 26 28 31 35 36 38 40 46 48 53 86 Trailing Stop Order 49 U user entitlements 13 HOLD BROTHERS Success is how fast you get there
25. Bar When selected the respective commands open in separate windows e New This option enables you to open a new O O O O O Market Maker ECN Book Chart Boardview Ticker NYSE Openbook Manual Order Entry window Time and Sales e Trading This option helps you to place manage and cancel orders using different options To know more about trading Order Entry The dropdown menu consists of the following options O O O O O O O Preference Window NSDQ SDOT Orders ECN Order Cancel Close Outs Trailing Stops e Tools This option helps you to assign trade and open Web Blotter e Configuration This option helps you to configure the keyboard shortcut and system for the transaction You can set the font color and sound for the application For more details see Chapter 3 Graybox configuration This dropdown menu consists of the following options O O O O O Fonts Colors Sounds Trading Options Keyboard Config Execution Options System Config Diagnostics Reconnect All Use Primary Settings Reconnect All Use Secondary Settings e Help Help menu provides option for sending the log files created by Graybox to the Graybox support team as well as clean this log files Apart from above you HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 can access help through manual and know Graybox version and contact info
26. ECNs in the ECN Book You can filter ECNs in the ECN Book To filter ECNs in the ECN Book 1 Select Filter in the ECN Book menu The ECN Book Filter window appears See Figure 68 Filtered List ECN mi rage Figure 68 ECN Book Filter Window 2 Type the name of the ECN in the ECN field then Click Add The added ECN appears in the Filtered List field 3 Click OK To remove any ECN from the Filtered List e Select the ECN Click Remove and Click OK 6 2 5 ECN Book Window Always On Top You can place the ECN Book window Always On Top of any other windows or screens To set the ECN Book window appear Always On Top Select Always On Top in the ECN Book menu 6 2 6 ECN Book Window Aggregate by Price You can set the ECNs on price aggregate For example instead of viewing all the INET bids at a particular price you can view one bid with the volume aggregated for ECNs 6 3 Charts You can view the movement of the stock through different charts such as tick bar candle line and day charts For example Tick chart view of IBM stock is as displayed in Figure 69 To open charts Click the EI icon in the Market Maker window and select the appropriate chart view from the dropdown menu for your chosen stock HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 66 EE AJA 30 Ticks vi 417 CAN UE 124 6150 124 8000 124 7700 g 26 10 15 50 10 16 00 10 16 22
27. EX qe 87 List of figures Figure 1 LOJON eie 8 Figure 2 Graybox Main WIFIGOWM sescierdedaguss cidscccceleneensccsdeccdevenantwueniiegecededcecasactieieses 9 Figure 3 Graybox Main Wipdow nnne nn nnns 12 Figure 4 Change Password SCIGOL creen randi s l vwa tk Ee a AE ANEN n n a an pk M E E EE 13 Figure 5 User Entitlements windOW ccssssssseeeee eene 15 Figure 6 Active Order window NENNEN EE mehr nnn nnne 14 Figure 7 Riga 15 Figure 8 Messages WwINdOW EE 16 Foure 95 POSIEIOM nee 17 Figure 10 Position window menus s ssssssssssrsrrrrrrsrrsrrnrrnrrerrrnrrnrrnrrnrrerrrnrerrenrrnn 18 Figure 11 Customizing upper Position wipndow nnns 19 Figure 12 Customizing position summary WlndOw sese nnns 20 Figure 13 Close Out Keys Setup sssssssssseeeeeee nee kaa EE 21 Figure 14 Execution Ticker window eeeeeeeeeeeclllllle enhn nnn nnn ns 21 Figure L5 Notifier WINGOW Lessibesipexvs wd vex id br viva dag Verte se ud x RN NU VET aD Vi tp VM IV LEGE vau 22 Figure 16 Market Maker mini Order Entry window n nnn 23 HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 Figure 17 Figure 18 Figure 19 Figure 20 Figure 21 Figure 22 Figure 23 Figure 24 Figure 25 Figure 26 Figure 27 Figure 28 Figure 29
28. Graybox User Manual V8 1 HOLD BROTHERS Success is bow fast you get there User Manual Version 3 5 8 HOLD BROTHERS you get there Graybox User Manual V8 2 CONTENTS BR ed ele e EE 7 Eet e 8 2 1 LOGGING ON to the Gray e KEE 8 2 2 Describing the Main WindOwW sseesseeeennnn nnn hh hhh nnn nnne 9 2 3 CHSEOPmIZInd Cle EN YOU L eat kn a et a EE 12 2 4 Changing the PASS WONG EE 12 2 5 Describing User EntitiGIMe ntsSs oo kay or ok e ni UTE e e k b p ob RA e n e a 13 3 JarayDox dt nelle TE LA 2I Active Orders WINGOW EE 14 dis w Order Detalls VIG O We rm 15 2 2 Messages An e e 16 LN Im Ee ero qM 16 Boy POSIIOM VI In ele dmt N 17 3 4 Execullons Ticker ln ee EE 21 c9 edi T m nM 22 a Older EE EE 23 4 1 Market Maker mini Order Entry window mmn nnn 23 4 1 1 Setting the Order Type ccsssssseeeeenenmnmmI I rr nnns 24 EE EE EE 24 A ile et Order OUA NU Ye ie aa an ee 25 4 1 4 Switching between Live and Custom Mode 25 e SE Re Ce 25 Me LO BUY Re aie 26 4 1 7 Setting Destination Exchange Routing Modes amp Strategies 26 4 1 8 Add amp Remove Liquidity EE 27 4 1 9 Setting Routing Order Buttons NENNEN EE EE 27 4 2 ECN Order Entry ne e EE 28 4 2 1 Sending ARCA BATS TRAC I
29. NET RASH Buy Entry eene 29 4 2 2 Sending ARCA BATS TRAC INET RASH Sell Entry sees 29 4 2 3 Sending ARCA BATS TRAC INET RASH Short Sell Entry 30 4 3 Preference VWIMGOW ei e tridan p mayetik ali eujus sen UP UC vous UU IM PR PN RO NN NUM DU Dad dE 31 Z2 8c rang StO0S E EE 32 4 5 Changing a Floating Order ssseseeeeeeeee nn nnn nnn nnn 34 A6 Canceling am EE 35 4 7 Manual Order Entry WIDOGOOWW s ssseskauusdio ned nd exe euer hrec rU ie e en ANY P REUS 36 b Xraybox COMMGULAUON EE 38 5 1 Configuring te Level KEE 38 Fa Default OU MOUNE pain tat pa ke kis pet eseye ave ake ai e et e RA A On 39 5 1 2 Order Entry Positions Window Mode amp Level 2 Order Settings 40 HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 3 ef a ME IN FOCO m 41 ze NI oON T 41 5 1 5 ECN Exchange Routing Mode cc aaa aaaaassasaonasssoosososoans 42 5 1 6 Display Size Defaults ECN usse dekad ian tak VERE RUNS EA SEIS QNM E au Eia adi 42 5 1 7 Default Quantity Per SlOCK essen s ba ba eee doute EU RR go po UE TESORO SG Vas 43 E LS OPZ ANNO EE 43 Sede eng d Lu E TETUER mM 43 5 2 Setting Up Smart Order ROUINO EE 44 5 2 1 SpHt Order Dy RE EECH KEE 45 5 5 Dynamic SA FE ON GEN eher ee 45 5 4 Tne S per ECN KEV e 45
30. Q Apple Inc ETE Y HTE N RST N AAPL EM A3 00 Cl ea HIDDEN OFF Let 244 90 4 Bid 244 90 BShr 2 Low 242 55 Level 1 Net 2 01 Ask 244 95 AShr 11 Hi 245 13 View Vol 183 732 Cls 242 89 Opn 0 00 Tme 08 52 49 Imb 9I OBI Show Alerts EN EE 78 FE res uve RSR coy FS ISO Lee MM Bid SIZE MM Ask SIZE Level 2 l Display Prints Figure 54 Market Maker Window When you type in the symbol of the stock in the top left field Market Maker displays the live quotes of the stock Market Maker window is divided into two parts While the upper part displays information such as last traded price bid and ask prices net change from previous day s close and volume etc about the selected stock the lower part displays the real time quotes of Bid and Ask for different ECNs in a stream Information displayed in the upper part of Market Maker consists of e Lst Last Traded Price e Net Net change in price from previous day s close e Vol Total volume of shares traded e Imb Market and Market on Close imbalances e Bid amp Shr Highest Bid and number of shares bidded for e Ask amp Shr Highest Ask and number of shares on offer e Cls Previous day s closing price e Int Percentage of Imbalances with respect to volume traded HOLD BROTHERS a Success is how fast you get there Graybox User Manual V8 57 e Opn Day s opening price for the stock e OBI Open Bid indicator shows the approximate bid value e Low amp Hi Lowe
31. S207 DIrecE Super ECN Eege ee E a 46 5 5 MUIEIPIC SWIDG KCYS arr E NO M NEM 46 5 7 Setting Up Keyboard Shortcuts sssssssssrsnrnnrnrenrrnrrrrrrnrrnnrnnrnnrrnrrnrrnnrne 48 DOr OUNO LON O dE b tata pra w t kai an an e 49 5 9 Showing or Hiding Parts of the Graybox Main Window een 50 5 10 Graybox Main Window Setting the Colors eene 50 5 11 Graybox Main Window Setting the Font cce 51 5 12 Graybox Main Window Setting the Sounds cccc cece ee eeaeeeeeseneoooe 51 5 13 Changing the Server and Router Settings seen nnn 52 SEEN I P 52 9 15 Caneel Order Tei EE 53 5 15 1 Cancel Replace Orders Hotkeys ENNEN 55 6 Market Maker Window Configuration nnn nnne nnn nnns 56 6 1 Market Maker VVIPIGOW s 8 vite aie ki ee Eu VU dad a EU RM LEUR THEN 56 SM DROE DIE PIN P EEA AE 57 6 1 2 Level 2 Display IHE 58 SR kape P KAN MO Sr a A E E E a UL 61 SECH EC BOOK VIGO E 63 6 2 1 ChanGinG the En e LTE 64 0 2 A CMGI TNE e dE steeper ote ee ei e e EEE ke 64 6 2 3 Showing Hiding Executions and Cancels cccccceeee cece eee e teen eee eeeee ees 64 6 2 4 Filtering ECNs in the ECN Book 65 6 2 5 ECN Book Window Always On Top 65 6 2 6 ECN Book Window Aggregate by Price esee eee eeeeeees 65 mom e la Pr EET 65 dcm MI IU Pm 66 SCAM oM E c a ee ee ee ee ee an ae ks 67 NC oS udbi loc c
32. T Use 9o from MKT Then you define Value from the drop down menu of Value HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 50 You can then set Stop Trigger from the drop down menu of Stop Triggered By The menu consists of Last Print Bid Ask and Last print Primary Exc Finally you can define the destination exchange from the drop down menu of Destination The menu consists of BELZ SOES NYSE Direct SOES AMRO SOES and SMART ORDER 5 9 Showing or Hiding Parts of the Graybox Main Window You can set the viewing parts of Graybox main window To show or hide parts of the Graybox main windows 1 Click View in the main menu and select the options from the dropdown menu Options of dropdown menu are o Notifier shows all system messages related to Graybox o Hedges monitor o Locates monitor shows the stocks available for the trader which can be the deciding factor for the short sell of those stocks o Messages shows or hides the Incoming Messages such as login logoff to the server connectivity status and emergency messages and so on o Positions shows or hides the Position window which shows your positions and your current available buying power o Executions shows or hides your executions o Menu shows the menu at the top of the Graybox Active Order window o Status Bar shows or hides the ECN Status Bar which shows the current status of the connection between Graybox and ECNs 2 S
33. UE rns ed EE Nee E 75 Graybox BoardView with Symbols Added eene nn nnn 75 Load from Analytics WINGOW EE 76 Column Headers for BoardView e kk kt kt tata a tata aaaaassasesasesosssssoons 76 BoardView Setup General Window ccccccccee tata tate saaa mmm emen 77 BoardView Refresh Interval Window sses nmm 77 Ticker Setup WiINGOW EE 78 Cascade Ke EE 78 JEL EIERE 78 NYSE Open Book WiNQOW NN 79 NG T EE 80 Time amp Sales Get Last S INCN kin wk ways kaa kaba kk kk vu VET EER VUE VEN EE ae en a UV S XE UE 80 Time amp Sales CUSLOM S EANCN W tett x ies suy Pee But ee 81 dune EE 81 Figure 100 Market CIOCK EE 82 HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 7 1 Introduction Graybox trading software application from Hold Brothers Online Investment Services Inc is a state of the art trading software that is easy to configure Using Graybox you can send multiple orders to every ECNs at different prices with a single keystroke and in less than a second of your time Graybox is power packed with features such as dynamic and static smart orders blasting super ECN ordering and adjustable close out features e Direct access to the NASDAQ ECNs NYSE AMEX and access to Dark Pool Providers e Scientific Analytical Charts and Tools for effective market monitoring e Personalized Position Manager to monitor and adjust your positions instantly e The Graybo
34. aker in the Market Maker menu Hi Lite MarketMakers window appears Figure 58 Hi Lite Market Makers Window 2 Select the Market Maker and then Click gt gt to move the selected Market Maker to Hi Lite You can select and highlight multiple Market Makers Repeat step 2 for each Market Maker you want to highlight 3 From the dropdown menu of Style field select either black or red as the highlighted color 4 Click OK to save 6 1 2 3 Ignore Market Maker Quotes You can clear the Market Makers and ECNs from Graybox display This does not remove them permanently When you reload the box they re appear If you select Ignore All Crossed Quotes then all quotes that do not match with the level 1 data are automatically ignored Ignores MSCO SBSH MSCO NSDO SBSH Ignore All Crossed Quotes Figure 59 Ignore Market Maker Quotes Window You can also save the list of Ignored Market Maker in the Graybox layout HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 60 To get back the Ignored Market Makers e Open Ignore MarketMaker Quotes window and remove the required Ignore Market Makers from the Ignores list To move the MarketMakers from Ignores to Visible box individually e Select the required MarketMaker and click lt To empty the Ignores list e Click lt lt 6 1 2 4 Sorting Market Maker Window You can customize the order of the MarketMakers and ECNs by sorting S
35. any Buy Entry window 2 Enter Stock name and stock Quantity 3 Usethe left right arrow keys on your keyboard to select the price 1 cent per keystroke or use the Step option so INN Cancel ov Em res Figure 22 Sending Buy Entry 4 Click Buy 4 2 2 Sending ARCA BATS TRAC INET RASH Sell Entry You can send sell order entries through any exchange To send a sell order entry on any exchange 1 Open any Sell Entry window 2 Enter Stock name and stock Quantity HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 30 3 Usethe left right arrow keys on your keyboard to select the price 1 cent per keystroke or use the Step option Figure 23 Sending Sell Entry 4 Click Sell 4 2 3 Sending ARCA BATS TRAC INET RASH Short Sell Entry You can send short sell order entries through any exchange To send a short sell order entry on any exchange 1 Open any Short Sell Entry window 2 Enter stock name and stock quantity 3 Usethe left right arrow keys on your keyboard to select the price 1 cent per keystroke or use the Step option Figure 24 Sending Short Sell Entry 4 Click Short Sell HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 31 4 3 Preference Window The Preference window is used to make order entry in the Active Order window To open Preference window on the Graybox Main window select Trading Preference Window and se
36. chnical analysis Simply choose the required study from the Studies dialog box and click on Add Indicator See Figure 83 You can also choose multiple settings of the same study for technical analysis EMI va vZ EI als Das vifiMinute SIMPLE MOVING AVERAGE 24 0721 BOLLINGER BANDS 24 0724 BOLLINGER BANDS TOP 24 0985 BOLLINGER BANDS BOTTOM 24 0458 E jii i cas 24 1800 24 1200 STOCHASTIC MOMENTUM INDEX D 161 9676 STOCHA STIE MOMENTUM INDEX K 95 3263 Ki Aug 26 10 02 00 10 12 00 10 22 00 10 32 00 10 42 00 10 52 00 Figure 83 Chart Studies Multiple Studies cM hh HOLD BROTHERS Graybox User Manual V8 74 6 3 11 3 Merge Charts Merge Charts provides comparison of price movements between two symbols You can merge price movements of two symbols by choosing the Merged option from the Edit Chart Dialog box From the Edit Chart dialog box enter the Linked Sym and Overlay Sym Choose the type of graph to display put a check mark on the Merged box and click OK See Figure 84 Tick Chart Bar Chart Day Chart Show Last e Today NEN Bar Interval Cancel Figure 84 Merge Chart Settings The Merged charts is displayed as shown in Figure 85 D ration E A vli KJ 7 alah Hour si Minute A Aug 26 10 07 00 Figure 85 Merged Charts Options in in Sections 6 3 11 are not available with chart type Tick Chart HOLD BROTHERS Success is
37. den Order Display Mode INET Orders XBOS Orders BATS Orders EDGX Orders EDGA Orders NSXS Orders DTTX Orders CBSX Orders NQPX Orders FLOW Orders BYXX Orders Figure 34 Order Display Mode Box e Normal All orders going to an ECN are marked as Normal and they are shown on the NASDAQ Level 2 display as well as the ECN book However Normal orders cannot lock or cross the market If you attempt to do this the order is rejected e Automatic Graybox detects the orders that can potentially lock or cross the market and sends them out as Subscriber Only All other orders go out as Normal e Hidden The SNET preference box allows you to send hidden orders to Island by selecting the Hide check box on the preference box The order is not visible on Level 2 or the Island book 5 1 1 2 Market Maker Settings You can make different settings for your MMaker window here Show Firm Hedge Position Show Order Qty in MarketMaker Wnd C Follow MM Levels on Price Change C Cancel Retry on Reject Use SNET Pref Wnd for Listed Show Since Timer for Active Orders Use Last Trade Price for Open P amp L StepSize Based on Market Maker Wnd Show Position in MM Window Figure 35 Market Maker Settings Box Show Firm Hedge Position shows the number of traders trading from a firm HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 40 5 1 1 3 Automatic Close Mode Automatically chang
38. e FLOW Routing Mode BYXX Routing Made DEFAULT Figure 39 Rash Routing Mode Box Default routing modes can be set for each Exchange ECN if the routing is enabled 5 1 6 Display Size Defaults ECN You can set your Display Size Defaults ECN here Display Size Defaults ECN NOFX Orders FLOW Orders ARCA Orders BATS Orders TRAC Orders XBOS Orders RASH Orders MILL Orders EDGX Orders EDGA Orders NYSE Orders NSXS Orders DTTX Orders CBSX Orders BYXX Orders Figure 40 Display Size Defaults ECN Box For each ECN the display size can be set in the following ways As default As order quantity HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 43 As some value Example 100 200 and so on 5 1 7 Default Quantity Per Stock You can set the default quantity of shares per stock here The stock carries the set quantity every time the stock is typed Default Qty Per Stock Allow Different Qty for each MM Window Stock Quantity 1000 step Size 99 Remove C Auto Insert Default Figure 41 Default Qty Per Stock Box To set the default quantity shares per stock Type the chosen stock name in the Stock field and specify the default quantity Click Add You can also define the step size by which the quantity should be incremented To delete any stock from the list Select the stock and click Remove The Default Quantity settings for the stock stands removed For each stock dif
39. e Logon Server Primary Logon Server gblogoniholdcom Secondary Logon Server gblogon2hold com Logon Server Port Gm Primary Entitlement Database DB1HOLD COM Secondary Entitlement Database DB2 HOLD COM Figure 51 System Configuration Window 3 Configure the server and router settings The Graybox Quotes box must be selected to activate the Graybox quote display For correct settings contact the support group 5 14 Links To link charts from the Graybox in MM windows and in ECN HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 53 e Open charts from the main GrayBox and then open two MM windows with different stocks subsequently eSignal is a charting software which can be linked with Graybox Perform the following steps to link eSignal 1 Right click the Graybox icon and then Click Properties The Graybox Properties window is displayed 2 Click the Compatibility tab and select Run this program as an administrator 3 Click Apply and then click OK 4 Right click the eSignal icon and then Click Properties The eSignal Properties window is displayed Click the Compatibility tab and select Run this program as an administrator Click Apply and then click OK Click the Graybox icon to Log on to the application CON O Ul Enter your trader ID and password in the Trader ID and Password fields The administrator will provide your Trade ID and Password You can cha
40. e when the position was last updated The lower part of the position window displays the position summary of the stock Following are the columns in the position summary window long positions and to the Ask for short positions Total Exposure Amount utilized to buy short sell shares at the position entry price Sum total of exposure of all the stocks in the position Net P L Open Net Profit or Loss on the position calculated on the commission provided in the commission rate in the trading options If not provided in the trading options it is the close profit loss Column headers Upper part of position window You can customize column headers of the upper part of the Position window If you do not wish to view only the column headers right click on Position window and click Show Hide Header see Figure 10 Repeat this procedure to view only the column headers a Positions v Show Header v Show Summary MSFT Position Close Qut 1 Close Out 1 k Selected Stock Close Qut 2 Longs Only Close Qut 3 Shorts Only Close Qut 4 d Winners Only Column Setup tenes SE Summary Setup View Figure 10 Position window menus You can customize and view only the required columns of the upper part of the Position window To customize the column header 1 Right click the Position window and click Column Setup The Column setup window appears as shown in Figure 11 HOLD BROTHERS Success is how fast you get there
41. ee Figure 56 If you select Volume the MarketMakers and ECNs are shown in the order of highest volume View v None Son Alphabetical Round Quotes k Volume Hi Lite MarketMaker OL Ignore Market Makers 05 Configure ECN Books 002 O01 Setup i v None Open Yahoo Finance Set as Default v Enable Def Qty Override v Always On Top Figure 60 Market Maker Window for Sort amp Round Quotes 6 1 2 5 Order Buttons in Order Entry Window You can customize column headers in the order entry window of the Market Maker This enables you to view the orders of selected ECNs as you prioritize them To customize 1 Right click the market maker window select Setup OrderEntry Window gt Order Buttons The Order Buttons window is displayed See Figure 61 Column Headers Selected HDOT n gt s gt gt lt lt up Up Down Figure 61 Order Buttons Window HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 61 2 Select the required headers and move to Column Headers 6 1 3 Prints You can set the Prints area of Market Maker window To set the Prints area Select Setup gt Prints in the Market Maker menu See Figure 62 View Sort Round Quotes Hi Lite MarketMaker Ignore Market Makers Configure ECN Books Setup Open Yahoo Finance Set as Default v Enable Def Qty Override v Always On Top Level2 Display Levell Quotes Order
42. elect the options that must be displayed 5 10 Graybox Main Window Setting the Colors You can set the colors for the Main window To change the foreground and background colors for the Stock and Quantity boxes and the message bar perform the following steps 1 Right click the Active Order window The Graybox menu appears 2 Select Setup then Color Color Option window appears Color Setup Colors Foreground Bi eeng NENNEN a OK Cancel Figure 49 Color Options Window 3 Click the B button next to Foreground or Background The color window appears 4 Select any color Click OK Click OK again to save your changes HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 51 5 11 Graybox Main Window Setting the Font You can set the fonts for the column headings and tabs in the Graybox main window 1 Right click the Active Order window The Graybox menu appears 2 Select Setup The Fonts window appears 3 Select the required font and then click OK 5 12 Graybox Main Window Setting the Sounds Whenever a trading event such as an execution a partial fill a confirmation a cancellation or an error occurs Graybox can play a sound for confirmation Graybox has a set of default sounds or you can use any wav file of your choice To set the sound for trading events 1 Right click the Active Order window The Graybox menu appears 2 Select Setup then Sounds T
43. er price and the depth of market data To open the NYSE Open Book e Click on the icon in Market Maker window or click the icon in Main Menu Setup Colors Setup Font Show Size in 100s Show Time Always On Top Figure 95 NYSE Open Book Window 6 6 1 Set Up Colors Font You can set up Color Font as shown in Figure 95 6 6 2 Show Size in 100s You can set the Qty display size in 100s as shown in Figure 95 6 6 3 Show Time You can set the Show Time option See Figure 95 Enabling this option displays time You can disable this option by clearing it 6 7 Time amp Sales Time amp Sales provides with real time data of securities with volume time of execution price and exchange You can open Time and Sales by clicking the 4 icon from Order Entry or Market Maker window See Figure 96 HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 80 3 14 51 100 B 3 14 51 400 B 3 14 51 200 B 3 14 51 100 D 3 14 51 e Lt D 3 14 51 100 B 3 14 51 100 DI 3 14 51 100 B 3 14 51 100 3 14 51 300 3 14 51 200 3 14 51 e t 3 14 51 100 3 14 51 500 3 14 51 500 Figure 96 Time amp Sales Search options available are e Get Last available in conditions of a minute to hours and Full day See Figure 97 e Custom Available for a selected date between a time interval See Figure 98 Figure 97 Time amp Sales Get Last Search
44. es the quantity to your current Long or Short position in that particular stock when you go to cover your position Auto Close Mode Slt C Reset Share Size to Default Qty Figure 36 Auto Close Mode However if the position is greater than your default qty size then the order will go out for the default size For example if you were long 375 shares of CSCO and your default is a 1000 your quantity for CSCO would go out for 375 shares Reset Share Size according to default quantity This feature resets the share size after taking into account the default quantity and the current position For example if you are long 100 shares of DELL and your default Quantity for DELL is 1000 the next order only the next order automatically goes out for 900 Cancel Retry on Reject See Market Maker Settings Box in Figure 35 Once the Cancel key is hit Graybox automatically resends cancel requests for SOES and ECN orders Smart Order Auto Cover This option is not available in the Trading Options image When using Smart Ordering Smart Orders detects an open position if any for the specified stock and resets the quantity to cover the position So instead of sending out orders for your default quantity size it sends orders for your open position If your open position is greater than your default qty size the order goes out for the default qty size only 5 1 2 Order Entry Positions Window Mode amp Level 2 Order Setting
45. ew Manual Order Entry The Manual Order Entry window appears as shown in Figure 31 Order Details Order Side Figure 31 Manual order entry 2 Enter the following information o Order Side Select the type of order either Buy or Sell o Quantity Enter the order quantity o Symbol Enter the required stock symbol o Price Select the order price o Type Select the order type HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 o Time In Force Select how long the order is valid See 5 1 3 o Destination Select the destination exchange 3 Click Send HOLD BROTHERS Success is how fast you get there 37 Graybox User Manual V8 38 5 Graybox Configuration The configuration of the Graybox is done through the Trading Options window by setting up smart order routing dynamic smart orders and keyboard shortcuts 5 1 Configuring Trading Options You can configure your Trading Options through the Trading options window You can set Order Display Mode for different exchange orders IOC Mode for different orders Display Size Defaults Default Qty Per Stock and Different Trading Options Every configuration setting made in Trading Options is saved in a central location and provides for a roving profile However the display elements are saved as part of the local layout and they must be transferred in order to maintain the same look and feel To customize trading optio
46. ferent quantity can be set 5 1 8 Optimization You can change the display refresh rate and the book optimization depth here Optimization 0 Display Refresh Rate ot Book Optimzation Depth EMI Figure 42 Optimization box 400 I 5 1 9 Other Settings You can make other settings such as Estimated Commission Rate MM Order Entry Display eSignal charting software and Max Compliance Mode here This option enables you to view your approximate profit loss in the position monitor This can be linked with Graybox in this option You can set Active Order Sort either in Descending or Ascending order HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 44 You can set Mouse scroll Function to Symbol Price Quantity as per your trading choice Est Commision Rate 1000 Shares eM MM Order Entry Display wew ESignal Linking RENN Max Compliance Mode HERE Active Orders Sort EEGEN Mouse Scroll Function symbol Figure 43 Other Settings Box 5 2 Setting Up Smart Order Routing This feature allows you to set up smart order keys default to CTRL B CTRL S and Shift S for one key execution with the market maker or ECN of your choice You can set up a list of ECNs and market makers as per your priority If the first choice is not available the smart feature moves down the list to the next available ECN or market maker and so on until the order goes out e Shi
47. from Market Delta from Market rm E eren BE Figure 28 Trailing Stops Buy Sell and Stop Sell Windows HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 34 4 5 Changing a Floating Order An order that is not executed pending is called a floating order and these orders can be changed Graybox v3 5 0 beta 14 THRB OS1DEVORz File Edit View New Trading Tools Configuration wo Eo af BED oi Ge Sele ee jam lay re lane NE Status ki 0010 B TR STOF ME m 100 va Selected Change to Market Cancel Replace Accept Locate Prel oaded Orders Layout Blotter Board Basket Keyboard Config Trading Options Setup View Entitlements View About E Figure 29 Changing a floating order Cancel Replace Order ID Order Type Price 3 49 S Quantity 100 pe cane Izeg HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 35 4 6 Canceling an Order You can cancel unexecuted orders You can cancel orders in different ways Preference Window NSDOQ SDOT Orders ECN Order Cancel All Orders Close Outs All Buy Orders Trailing Stops All Sell Orders All For Selected Stock Selected Order Figure 30 Canceling orders To cancel an individual order 1 Select the order in the Graybox main active order window 2 Click Cancel Order Or On the Trading menu point to Cancel and then click Selected Order Or Press F12 key
48. ft S sends a short sell order to your smart order routing list To set up Smart Order Routing 1 Shift focus to the active order window 2 Right click the active order window The Graybox main window appears 3 Select Setup in the menu The Smart Orders Setup window as shown in Figure 44 appears e For All SOESable MarketMakers Use SMM in the Pref List For ECNs in their displayed order Use ECN in the List For selecting NYS ASE for Listed Use NYSE amp AMEX resp For Quantity Remaining ae Sends INET Limit SOES Sends SOES MKT BRL Sends BRUT Lmt SLMT Sends SOES Limit maer Sends TRAC Lmt SDLT Sends SOES DELTA acte Sends AMEX Lmt Move Up NYS Sends NYSE Dot Lmt ARC amp Sends ARCA Lmt Move Dn Split Order by Display Size Use Level 2 Inside Market use Current Market for Dynamic Smart Order Iteration Delta from Inside BO Send to ECNs Before Using Pref List if ECN in inside mkt en IH vi o2 ENMEEE en IEEE vi o EMG OK Cancel Figure 44 Smart Orders Setup Window 4 Type the four letter market maker or ECN symbol in the top field HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 45 5 Click the Add button or hit the Enter key The ECN or market maker appears in the routing list Repeat steps 4 and 5 for each market maker and ECN that you want to include To change the order of a symbol in the list Select the s
49. gure 67 Figure 68 Figure 69 Figure 70 Figure 71 Figure 72 Figure 73 Figure 74 Figure 75 Figure 76 Figure 77 Figure 78 Figure 79 Figure 80 Figure 81 Figure 82 Figure 83 Figure 84 Figure 85 Figure 86 Figure 87 Figure 88 Figure 89 Figure 90 Figure 91 Figure 92 Figure 93 Figure 94 Figure 95 Figure 96 Figure 97 Figure 98 Figure 99 6 Prints Area of MarketMaker Window sssseeeenen nnne 61 Prints Fiter VIDEO EE 62 Custom Color WINGOW ssa oia a ACC RAD SE COD AER dua Au educ dad is 63 ECN Book Power Shares Exchange ENEE ENEE NEE 64 Bloe Color Sell EE 64 ECN Book Filter WindOW 65 Chart VIEW OF a STOCK cesaxenedidatidamss Rag Rida costed AE D OUR lada a Fan d RR 66 Interval Setting WINdOW EE 66 SNOW Last Setting WA e e E 67 Chart Settings Dialog d ie ee EEN 67 ER ee le NEE 68 Information EE 69 EE SEVIS e 69 COIOF SURI NETT UL Umm 70 chart Data PON NE fe ee EE 70 Biest TEE 71 Draw Horizontal LING DRE TUTUP 7i Chart Studies EE eege Eege EE kek e n m en ae ek tt MEE 72 Chart Studies SMA Settings eicssessprin onn ede kon n ki l a kk ke e pe e E Ge kb ak dee 72 Chart SUIGIeS SIMA c ive tv iv lto pk l kf e a e ake tk a C a n n en e e ets e op 73 Chart Studies Multiple SCUAN S six isizititiaywyeralyanabiman ee ank kt a n wink n e pk al 73 Marge gang de Le DER 74 Merdged lee EE 74 GrayBox BoardView WINGOW dee EEN NEEN See ren RNEEE A ete n n
50. he Sound Setup window appears Sound Setup Sounds Execution i uri i A confrmatcn i A4 Cancelation MEME Yo Error es Bullets es Cancel Figure 50 Sound Setup Window 3 For each event that you want to associate a sound with a Click the 5 button next to the event A list of sounds appears b Select the required sound c Click OK 4 Repeat this step for each event that you want to associate a sound with When you are finished with assigning sounds click OK To protect your trading application from unauthorized access you can change password as often as you wish To change your password See 2 4 Changing the Password HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 52 5 13 Changing the Server and Router Settings You can change the Server and Router settings of your Graybox application Every configuration setting made in the System Configuration window is saved to the data base and could impact trading Please take trade tech support assistance while configuring this window To change the settings 1 Right click the Active Order window The Graybox menu appears 2 Select Setup then Servers The System Configuration window as shown in Figure 51 appears System Configration Connections Extemal Links Graybox Quotes Backup Quotes GB Router Primary GB Router W Secondary GE Router AGEGUGAT Tes GB Router Port egy Logon Us
51. isplay w gari k L En IX Levell Quotes Configure Levell Items Order Entry Window Use Primary Exch for Last Price Set as Default Mini Order Entry re v Enable Def Qty Override Prini deem ee Colors ESignal Link Scheme ESignal Link Type Figure 56 Market Maker Window for Level 1 Display 6 1 2 Level 2 Display This section explains Level 2 display of Market Maker 6 1 2 1 Changing the Display of ECN Books ECN books shown in the Market Maker window can be either Inside Market or full market You can change the display of ECN books To change the display of ECN books e From the Market Maker menu Select ECN Books then select the market you want to view for the ECN Book See Figure 57 NSDQ Full None INET Not Entitled o oO O Optimized Data ARCA Book Inside None Optimized Data BATS Book Inside Full None EDGX Book Inside Full None EDGA Book Inside Full None NYSE Open Not Entitled On o o Show LRPs in the Level Montage Ignore Regionals Cancel Ve Books Figure 57 ECN Books Configuration Window HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 59 6 1 2 2 Highlighting a Particular Market Maker You can highlight a particular Market Maker This draws attention to the spurt in the movement of the stocks To highlight a particular Market Maker 1 Select Hi Lite MarketM
52. ixed price percentage below the market price When the stock price rises the Stop Loss Sell price rises proportionately When the stock price falls the stop loss price remains the same ands gets executed at match price See Figure 27 Trailing stop setup can be accessed by right click on the main window go to Setup and Trailing Stop This will open the Trailing Stops setup window Figure 27 While placing the Trailing Stop Loss Buy enable Use Delta from Market option and set Delta from Market See Figure 28 Trailing Stop Window Defaults Direct Trailing Stop Hot Key ESS vi vo END Stop Triggered By EI Destination E Auto Trigger Trailing Stop on Entering Positions Cancel Figure 27 Trailing Stops Set Up The ratio in change in the price of the underlying asset to the corresponding change in the price of a derivative is known as Delta This is sometimes referred to as the hedge ratio By setting Trailing Stop Loss Buy Sell you can limit the loss while not capping your gains Also you do not have to constantly monitor your investments HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 33 o Use Stop Price Use Delta from Market Use from Market Delta from Market loos H roving exchenge DE e Use Stop Price Use Delta from Market o Use from Market Delta from Market EPO Routing Exchange DENM ES Use Stop Price Use Delta from Market o Use
53. le Selecting the ECN and moving them between the two panes will change the order entry buttons accordingly 6 How to highlight ECNs in the Level 2 area of MM Window To Hi Light certain ECN s In the MM window right Click gt Hi Light Market Makers gt A new window will open Select the ECN s that needs to be hi lighted and click the button gt to move the selected ECN s to Hi Lite from left pane to right pane then click OK 7 How to remove crossed quotes To remove crossed quotes In the MM window right Click 2 Ignore Market Makers DA new window will open In that window put a check mark net to Ignore All Crossed Quotes HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 85 8 How to ignore unwanted ECNS in level 2 montage of Marketmaker window To view only certain ECN s In the Marketmaker window right Click gt Ignore Market Makers gt A new window will open By default all ECN s will be Visible to remove unwanted ECN s from MM window Select the ECN s and click the button to move the selected ECN s from Visibles to Ignores then click OK 9 How to open Boardview and include stocks on it To open a Boardview from the main window select the New menu 2 Boardview 2 A new Boardview window will open Enter the stock and hit enter Do the same to add more stocks in that Boardview Alternatively Boardview can be opened from Graybox main window and Marketmaker window by clicking o
54. lect the order type Preference Window li Cancel NSDOQ SDOT Orders ECM Short Offer Order Pref Buy Cancel Pref Sell Close Quts Pref Short Sell Trailing Steps Figure 25 Opening Preference Window The Preference Bid Offer Short Offer Pref Buy Pref Sell and Pref Short Sell options BEN the Preference window as shown in Figure 25 _ Preference Winda B BEE C PRELOAD Cancel p Figure 26 Preference window HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 32 You can open the Preference window using shortcut keys set in Keyboard configuration Hote To enter an order in Preference window 1 Open the required Preference window 2 Enter the Symbol Price and Quantity 3 Increase decrease the price in steps using the Step list A Select the routing exchange execution platform routing strategy and order type Select PRELOAD to load data 6 Click Buy Sell Short Sell based on the preference type to submit the order Ul 4 4 Trailing Stops Buy Sell Trailing Stop Loss Buy is a useful stop loss order You can set stop loss price at some fixed price percentage below the market price When the stock price rises the Stop Loss Buy price rises proportionately When the stock price falls the stop loss price remains the same ands gets executed at match price See Figure 27 Trailing Stop Loss Sell is a useful stop loss order You can set stop loss price at some f
55. lick View Entitlement the following entitlements are available for the user e Buying Power Displays the buying power you are entitled to e Floating Exposure Limit Displays your floating exposure limit over and above the Buying power e Max Order Size Displays the maximum size per order e Max Position Per Stock Displays the maximum positions that the user can take per stock e Max Number of Positions Displays the maximum positions available to you e Stock Price Limit Displays the Stock Price Limit e Stop Loss Displays your Stop Loss Limit e Force CloseOut Loss Limit Displays where the Force CloseOut triggers over and above the Stop Loss limit User Ent Login ID Buying Power MarketHours 1 Pre amp Post Market oy Floating Exposure Limit Market Hours In Pre amp Post Market 0 8 Max Position Per Stok o Max Number of Positions 0 Stock Price Limit In Ces Share Count Limit Stop Loss 100 Force Closeout Loss Limit 0 Positive Block Threshold 0 Positive Block Delta 0 Max Order Size 10000 Buying Power Concentration Per Stock Market Hours 9 2 Im Pre amp Post Market 96 100 Figure 5 User Entitlements window HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 14 3 Graybox Windows Graybox contains many windows that display order details order status and so on 3 1 Active Order
56. mp Sell uo v All orders go out with a Default TIF as selected in Trading Options unless they are manually changed for a particular order To switch between order sides Click BUY SELL as required By default the buy side price is the best inside ask and the sell side price the best inside bid However to toggle the quote side click BID ASK If you change the prices manually the window stops updating the Limit Stop Limit entry fields and the order does not remain Live To return to the live mode Click Live 4 1 7 Setting Destination Exchange Routing Modes amp Strategies Graybox allows you to trade through different exchanges You can select the required routing strategy You can toggle between routing modes strategies using the Order Entry window To change the routing modes strategies 1 In the Order Entry window click the Destination Exchange drop down menu 2 Select the required routing mode strategy from the dropdown list as shown in Figure 19 The order is now routed through this mode strategy to the exchange Various Routing Options are available They are 2 1 BATS MPP This is BATS Midpoint peg order which sets the price at the midpoint of National Best Bid and Offer NBBO HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 27 ooo VESEEENMEF Exch NYS TRM o n Ist 57 87 1 Bid 57 87 BShr 13 Low 57 7801 Net 0 11 Ask 57 88 AShr 24 Hi 58 46 Vol 7 28
57. n the Boardview Icon 10 How to open Charts on Graybox In the MM window or in the main window click on the charts icon to launch charts Charts can be opened from the New menu 2 Chart2 this will also open a chart HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 86 Glossary AMEX American Stock Exchange AMEX is a stock exchange situated in New York and was a mutual organization owned by its members BATS BATS is a stock exchange based in Lenexa Kansas Missouri and was founded in June 2005 as an ECN and its name stands for Better Alternative Trading System In early 2009 it became the third largest exchange in the world by volume behind the New York Stock Exchange and NASDAQ BoardView BoardView is the feature available in the Graybox which provides trading information such as Last Traded Price Net Change Best Bid Best Size Best Ask and Best Size etc for selected stocks ECN Electronic Communications Network ECN is a completely automated network anonymously matching buy and sell orders and has been described as the black box of securities trading ESignal ESignal is charting software which can be linked with the application Graybox Graybox Graybox trading software application from Hold Brothers Online Investment Services Inc is a state of the art easily configurable trading software to date Locates This window shows the stocks available for the trader which can be monit
58. narrow down the incoming messages that are displayed in the Messages window There are four tabs available in the Messages window They help you in viewing the required incoming messages Based on your trading needs you can select one of the following tabs Following are the columns in the Messages window Sequence Number Side Buy or Sell Sym Stock symbol HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 17 Number of shares to buy or sell Price of the stock Time when the order is executed or cancelled Status The exchange and status of the order Cancel indicates that the order is cancelled Executed indicates that the order is executed You can adjust the column width by using the mouse 3 3 Position Window The Position window displays your stock position details This window is divided into two parts The upper part of the window displays a detailed stock position and the lower part displays the summary ME 2 FT Figure 9 Position window dn Figure 9 Position window shows long positions in green and short e positions in red Hote The upper part of the Position window displays the position of the stock in different columns Following are the columns in the Position window en Grsspmftorbesonaparicuorposton eid Price at which the buyer is ready to buy HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 18 Last Update Tim
59. nge the password after the first login 9 Click OK The Graybox main window and eSignal main window appears 10 Click Page and then click Advanced Charting in the eSignal main window 11 Right click MM window and then click Setup 12 Click ESignal Link Scheme and select the required color from available choices 13 Right click MM window and then click Setup 14 Click ESignal Link Type and select the option Both 15 Click Page and then Save Page to save the page 5 15 Cancel Order HotKeys You can cancel orders with Hotkeys Canceling orders with hotkeys enable you to execute your cancels faster as you can place cancel orders in groups for Buy Sell and Selected orders To place cancel orders through hotkeys 1 Right click the Active Order window The Graybox menu appears 2 Select Cancel from the Trading dropdown menu 3 Select the orders that you wish to cancel 4 Click OK HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 54 ff Graybox v3 5 0 beta 14 THRB OS1DEVO gt lS File Edit View New Trading Tools Configuration Help Routing Exch B TR STOP PEP 100 64 61 00 03 10 TRL STOP BELZ 09 16 09 Cancel Selected Change to Market Cancel Replace Accept Locate PreLoaded Orders Send Selected Cancel Selected Send All Loaded Blotter Cancel All Loaded Layout b BoardView Basket Keyboard
60. ns for Graybox Right click the active order window Select Trading Options from the popup menu The Trading Options window appears as shown in Figure 32 Ma Trading Option Order Qty Default Qty Listed Default Qty OTC Default Display Qty Order Display Mode INET Orders XBOS Orders BATS Orders EDGX Orders EDGA Orders NSXS Orders DTTX Orders CBSX Orders NQPX Orders FLOW Orders BYXX Orders EIU ES Order Entry Windows Window style BESSCHEN Pref Quote Style ECN Quote Style Pref Wnd Focus On Listed Wnd Focus On ECN OE Wnd Type Auto Adjust Routing Exchange Show Firm Hedge Position Show Order Qty in MarketMaker Wnd II Follow MM Levels on Price Change C Cancel Retry on Reject C use Pref Wnd for Listed Show Since Time for Active Orders Use Last Trade Price for Open P amp L C StepSize Based on Market Maker Wnd Show Position in MM Window Auto Close Mode EE C Reset Share Size to Default Qty Manual OE Listed Default Manual OE OTC Default ECN Order Entry aso ouicity 0n Positions Dialog Mode Orders in Level2 Wnd TIF Default Time In Force Time In Force In Secs Ce IOC Mode FLOW Orders NQPX Orders ARCA Orders BATS Orders INET Orders RASH Orders TRAC Orders XBOS Orders NYSE Orders MILL Orders EDGX Orders EDGA Orders NSXS Orders DTTX Orders CBSX Orders BYXX Orders RASH Routing Mode Listed RASH Routing Mode OTC Default SDOT Use
61. nto three lists e Keystrokes for the Graybox main window e Keystrokes for the Market Maker window e Keystrokes for the Preference and Listed Trading window Keymap Configuratioi Graybox Window MarketMaker Window Pref Listed Trading Wnd Regular KeyBoard r rs f es s gt oer s roe ae CIE CIS E e e s o rn i6 a s Bie e xx 1 Less EN nl Figure 47 Key Map Configuration Window Refer to Figure 47 above All keys that are currently in use are in blue The key combinations for the different functions are in yellow When you highlight a function the keystroke is highlighted in yellow For example when you highlight Cancel All Buy Orders the keystroke Alt F12 gets highlighted in the Regular Keyboard To customize the keystroke perform the following steps HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 49 1 Select the function for which to customize the keystroke 2 In the Key column click the existing keystroke For example in the Error Reference source not found Pop up window click the keystroke F12 which relates to the function Cancel All Buy Orders The F12 key in the Regular KeyBoard turns yellow 3 To change the keystroke from F12 to F11 click the F11 key from the Regular KeyBoard 4 Click Change to save the changes If the new keystroke you select is already in use for another function a dialog box appears with the
62. omize the Column Headers in the BoardView default screen To customize Column Headers 1 Click on the EJ icon in Graybox main window Graybox Broadview window appears 2 Right Click the BoardView window The sub menu appears Figure 89 3 Right click Setup Columns Select Deselect the Column Headers using the and arrows You can also rearrange the Column Headers by selecting and moving them Up and Down to see the BoardView in required order See Figure 89 Column Headers Selected Figure 89 Column Headers for BoardView HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 77 6 4 4 General Option You can make General Setup of BoardView Select the General Option in the submenu The BoardView Setup General window appears See Figure 90 Enable Grid Lines Show Qty in 100s Use Level 2 Data for NBBO if Show Headers Ask Confirmation before sending Basket Orders I Show Tick Images Use BV Default Qty Use MKT for zero Limit Price E Cancel Figure 90 BoardView Setup General Window The window is self explanatory and you can select the required options 6 4 5 Refresh Interval You can set a refresh interval option to refresh the BoardView Setting this option refreshes trading data information of a specific stock at specified intervals and enables you to make or change trading decisions This setting is generally for the BoardView to sync up with the MM wind
63. on To set Market Maker window Always On Top e Select Always On Top in the Market Maker menu See Figure 62 Minimizing Graybox minimizes all Graybox quote display windows 6 1 3 4 Changing the Font You can set different fonts for different stocks and price levels in the Market Maker window To change Fonts 1 Select Setup Font Custom 2 Select the required Font and Click OK or click Auto Size to return to original 6 1 3 5 Changing the Colors for Price Levels You can change colors for different stocks and price levels in the Market Maker Window To change the colors 1 Select Colors Setup Color Custom HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 63 Ranges Background Repeat For Remaining Levels Cancel Figure 65 Custom Color Window 2 Click the color for the price level you want to change The window Color menu appears 3 Select the color you want to use and then click OK Alternatively Click Define Custom Colors select the color on the window and then click OK 4 Click OK to save changes or click Default to return to original 6 2 ECN Book Window You can set the ECN books in the Market Maker window to Inside Market full market or none In the Inside Market setting you can see the best Bid and Ask on that ECN In the full market setting you can see the list of all the Bids and Asks at different levels for all the available ECN
64. or the deciding factor for the short sell of those stocks Window Market Market Maker window displays the quotes of the selected stock and Maker pending orders awaiting execution Window NASDAQ National Association of Securities Dealers Automated Quotations NASDAQ is an American stock exchange which is the largest electronic screen based equity securities trading market in the United States Notifier The Notifier window displays all system messages related to Graybox Window which include periodic system announcements that are made by the Graybox system administrators The New York Stock Exchange NYSE is a stock exchange located at New York City USA and is the world s largest stock exchange by market capitalization of its listed companies Position The Position window displays stock position details This window is Window divided into two parts The upper part of the window displays a detailed stock position and the lower part displays the summary HOLD BROTHERS a Success is how fast you get there Graybox User Manual V8 INDEX B Basics 8 BoardView 75 76 77 86 C Cancel Order 35 53 54 Canceling an order 35 Changing a particular order 24 Charts 7 65 Configuration 10 47 48 52 56 58 D DAY orders 41 Default Quantity 39 43 Display Size Defaults ECN 42 Dynamic smart orders 45 E Edit Chart Dialog 67 ESignal 43 53 86 G Graybox Main Window 9 12 50 51 64 Graybox trading
65. ow s Level 1 data and is particularly useful for stocks traded with very low volumes or not traded Refresh Interval con Figure 91 BoardView Refresh Interval Window 6 5 Ticker To open a separate Ticker e Click the in the Graybox main menu The right click option consists of the following options O O O Setup Show Time Caption Always on Top Jet Cascade HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 78 o Format shows the option of Colors and Fonts o Clear 6 5 1 Setting Up the Ticker To set up the ticker e Right click ticker panel and Select Setup Ticker Setup window appears See Figure 59 You can add symbols as shown in Figure 92 Cancel Format e Jet Cascade Insert Show volume in 100 s Figure 92 Ticker Setup Window You can Select either Jet or Cascade Format and insert them at Top or Bottom of the window See Figure 92 Ticker Setup Window Here Cascade mode and Bottom options are selected Show Time Ticker in Cascade and Jet Modes are shown in Figure 93 and Figure 94 respectively ac LP TUA Figure 94 Jet Ticker HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 79 6 6 NYSE Open Book NYSE Open Book provides a real time view of the Exchange s limit order book for all NYSE traded securities Through the NYSE Open Book you can see aggregate limit order volume at every bid and off
66. rmation about Graybox HOLD BROTHERS Success is how fast you get there 11 Graybox User Manual V8 12 2 3 Customizing the Layout To customize the layout e Go to Load and then Select saved multiple layouts to bring up the exact layout To save your current layout for Graybox e Click File Layout Save To change layout and save it in a different name multiple layouts e Goto File gt Save as By default Graybox opens the last layout used M Predefined layouts are copied during Graybox Note installation A preview of the layout is shown during installation 2 4 Changing the Password Perform the following steps to change the password 1 Click File and select Change Password as shown in Figure 3 The Change Password screen is displayed as shown in Figure 3 Layout Change Password Figure 3 Graybox Main Window 2 Enter the Old Password and the New Password in the respective text boxes HOLD BROTHERS Success is how last you get there Graybox User Manual V8 13 Old Password BEE New Password MAMMMMNENNNNNNNEN Confirm New Passwd D Cancel Figure 4 Change Password Screen 3 Re enter the new password in the Confirm New Password text box Passwords have to be at least 7 characters long and must contain at least one numeric CE Hote 4 Click OK 2 5 Describing User Entitlements To view user entitlement Right click on Graybox main window and c
67. rt Setting Dialog window appears See Figure 72 Chart Setting Dialog window enables you to make settings in Tick Chart Bar Chart and Day Chart tabs Edit Chart Overlay Sym zm Line C Merged Tick Chart Bar Chart Day Chart Show Last Today EE z Select Datel Bar Interval Cancel Figure 72 Chart Settings Dialog Window HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 68 6 3 4 Show Volume Along with the interval you can also set the Show Volume duration for the chart display To set the Show Volume Right click chart window and select Show Volume Gn B e J wm d International Business Mach lminute Bar Ch ar ES l IBS S today Minute LAST VOL IBM 300 300 0000 Figure 73 Show Volume 6 3 5 Information Panel You can view the details like date time Current value and volume along with the chart display To set the Information panel Click on the Info Panel Icon in the chart or Right click on the chart window and select Information Panel from the menu See Figure 74 This dropdown menu consists of the following options o Always On o On Mouse Click o Never HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 69 HH International Business Machi 1 minute Bar Char KO EALA Today vifiMinute vi 125 6000 125 2000 Close 124 60 Volume 7200 ir l 124 8000 E Be 12
68. s To change the display 1 Select ECN Books in the Market Maker menu and then select the ECN Book view 2 Repeat step 1 for each ECN book as required To open a window for ECN Book quotes Click in the shortcut bar or in the MM box Click Ga ECN books brought up in this fashion are automatically linked to the MM box HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 64 Figure 66 ECN Book Power Shares Exchange 6 2 1 Changing the Colors You can change the colors for different stocks and price levels To change the colors Refer 5 10 Graybox Main Window Setting the Colors To change back to the Default Colors Select Setup Colors in the ECN Book menu then Select Default Set Colors ki Default set maa k Zi Custom Show Executions Show Cancels Filter Books Always On Top Aggregate by Price Use Optimized Data Figure 67 Default Color Setting 6 2 2 Changing the Font You can set different fonts for different stocks and price levels in the ECN Book To change the Font see 5 11 Graybox Main Window Setting the Font 6 2 3 Showing Hiding Executions and Cancels You can set the Showing Hiding Executions and Cancels in the ECN Book To show or hide the Executions column 1 Select Show Executions in the ECN Book menu 2 Select Show Cancels in the ECN Book menu HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 65 6 2 4 Filtering
69. s You can select default ECN Order Entry Settings here Manual OE Listed Default ESI Manual OE OTC Default RENEE ECN Order Entry ce Positions Dialog Mode MENN Orders in Level2 Wnd EE Figure 37 Order Entry Positions Window Mode amp Level 2 Orders Settings Box For manual order entry box the default ECN can be set in Manual OE listed Default amp Manual OE OTC Default The default price for ECN order entry as add or remove liquidity can be set HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 41 There are two modes available for Positions Dialog Mode Floating and Docked If you enable Floating Positions window and Graybox window can be moved separately If you enable Docked the Positions window is attached to the Graybox main window and moves with it Order can be displayed as a bar with options to cancel the order in Level 2 window using the options in Orders in level 2 Wnd 5 1 3 Time In Force Time in Force sets the period for which an order should stay active The default is set as DAY orders Day orders in Graybox remain active through the trading day including post market hours Default Time In Force LEER Time In Force In Secs ES Figure 38 Time In Force Setting Box If Use TIF In Secs is selected for Default Time In Force then a valid value in seconds is needed for the Time In Force In Secs field 5 1 4 IOC Mode
70. s ECN BOX egene grut tuta nr opc KE ac e EA CDS af kapa 42 Perault OU Per Stock Ee 43 ONDUMADO aaa event ri reta bik kin rab piba intak onn be k kise Se EODD 43 lge ge E BOX it yo atletik a kap pt kk ke en a fo o ka Fk ak to a e e il pea 44 Smart Orders Setup WINndoOW EE 44 super ECN Key Set p WIHOIOW EE 46 Swipe Setup WINKOW uixiSss issus E ewa tt ik ot KU VN a a a Da e ata OP VIE XO AGORA CR RU E 47 Key Map Configuration Window cccccccceee cece eee tees mnm memes 48 Trailing Stops Setup WINGOW vectes ex v s aaa RADO ya boat X Y kaa ve va aza nas 49 Color ODUORS WIDGOW S as siVMAEEVRERR ORENSE RUDI pa EE ER PU VERUS PRESE RD EE 50 Sound Setup WindOw ENNEN 51 System Configuration E W elle EEN 52 Cartel Order elei 54 Cancel Replace Orders HotkeyS n nnn nnns 55 Market Maker WITDIOOWM EE 56 Market Maker View Setting Menu 57 Market Maker Window for Level 1 Display enn eee e eee eeeeees 58 ECN Books Configuration Window ccceccccceee tata tees nme memem emen nnn 58 Hi Lite Market Makers Windouw nnn nnn nna nhanh 59 Ignore Market Maker Quotes Window ccsesseeeeee mmm nmn 59 Market Maker Window for Sort amp Round Ouotes nnn 60 Order Butt ons le ele TEE 60 MarketMaker Menu Window eeeeeeeeeereclllie nnn nnn nnn nnn mnn nnn 61 HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 Figure 63 Figure 64 Figure 65 Figure 66 Fi
71. s Window The active orders window displays your active live pending orders in the market File Edit View New Trading Tools Configuration Help EHE REFERE ee ei sec ug UNLOCKED Click Ta Lack Figure 6 Active Order window KAN For Active orders window menu details see 3 1Active Orders Window D Note Following are the columns in the Active order window C Price Price Price Of the stock 0000 the stock Since Duration in hours minutes seconds from the time the order has been accepted by the exchange Status The exchange and status of the order New indicates that the order is just entered Floating indicates that the order is floating Partial indicates that the order is partially filled HOLD BROTHERS Success is how last you get there Graybox User Manual V8 15 Cancel indicates that the cancel order is sent Auto Cancel indicates that the application is attempting to cancel the order TRL Stop indicates that the order is a trailing stop order window If an order is rejected it is immediately removed from the Active A After an order is completely filled or canceled it moves to the Messages p Orders window and shown in the Messages window Graybox on logging on to the system can figure out the status of floating orders from the previous session linked to a user id For more details on the status of an order double click the order to see the Order Details window 3 1 1 Order
72. se orders the preference box must be open These orders go out as your default qty size NSDQ NYSE order goes out for the quantity specified in the setup Hote You can setup the SuperECN key to exclude certain ECNs This feature can be used to go long sell or go short To exclude ECNs from the Super ECN key 1 Right click the Active Order window The Graybox menu appears HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 46 2 Select Setup and then select SuperECN Key The Super ECN Key Setup window as shown in Figure 45 appears SuperECN Key Setup Es Ignore CJ mer C Bats CSFB C arca C MILL C nsys xBos TRAC DTTX J RASH ARCAPRC NYSE C EDGX EDGA Prim Exch Order Qty EMI NSDQ oder pe ESS wo HN Direct SuperECM Key 1 Delta from Inside CM Direct SuperECM Key 2 Delta from Inside MEN Max spread for Order Ca pase Price on EES canes Figure 45 Super ECN Key Setup Window 3 Click the ECN s that you want the Super ECN key to ignore Entering 0 in the NSDQ NYSE box disables the NYSE NSDQ order 4 Select the type of order you want to send out from the dropdown menu of SOES order type 5 Specify at what price you want to send the order with respect to the Inside Market Buying at the offer selling at the bid 6 Click OK 5 5 Direct Super ECN Key Graybox set of Super ECN Keys work without having the Preference
73. st and highest prices the stock is traded for the day e Time Last traded time e OAI Open Ask indicator shows the approximate Ask value e Thermograph Indicates volume trend Green indicates higher volume in Ask orders while red indicates higher volume in Bid orders You can change the display in Market Maker view for Levell Level2 Thermograph and Prints To change the display Select Deselect Levell Level2 Thermograph and Prints depending on the view you want to set View ki vy Levell TR Market Depth Raid antes Thermograph v Level Hi Lite MarketMaker d Prints Ignore Market Makers v Mini Order Entry Configure ECN Books Order Entry Setup Toggle States Open Yahoo Finance Set as Default v Enable Def Qty Override v Always On Top Figure 55 Market Maker View Setting Menu 6 1 1 Level 1 Display This section explains Level 1 display of Market Maker 6 1 1 1 Use Primary Exchange for Last Price You can use primary exchange for last price in the Market Maker To set primary exchange e Right click in the Market Maker window select Setup gt Level1Quotes gt Use Primary Exchange for Last Price HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 58 View Sort ko Round Quotes k Hi Lite MarketMaker Ignore Market Makers Configure ECN Books Setup 3 Level D
74. summary window 2 Select the required column headers from Column Headers list Functions of the buttons are as follows o gt To move the selected column header from the Column Header list to the Selected list o lt To move the selected column header from the Selected list to the Column Header list o gt gt To move all the column headers from the Column Header list to the Selected list o To move all the column headers from the Selected list to the Column Header list o Up To move up the list o Down To move down the list 3 Click OK Position Close Out You can use this option to close the trading of a particular stock This option closes out the open position of a particular stock by selling longs and buying shorts at the current market price To close trading of a particular stock e Right click the Position window and then click the required Position Close Out option Close Out You can use this option to close the trading of all open stocks This option closes out all open positions by selling longs and buying shorts at the current market price You can configure the Graybox to the preferred close out positions To configure the close out positions Right click on main window Setup Close Out Keys Close Out Keys Setup box appears See Figure 13 To close trading all open stocks e Right click the Position window and then click the required Close Out option HOLD BROTHERS Success is how fast
75. ter making changes to existing Layout save layout To save to a different name go to File Menu gt Layout gt Save as give a name and Save Alternatively layouts can be loaded and saved using the options available from the right click menu of the Graybox main window 2 Moving the main window the position window also moves along How to avoid this To avoid this change settings on the Trading options To change Right click on the main window gt Trading Options gt Positions Dialog Mode at bottom left side Change it from Docked to Floating 3 How to enable or disable the Mini order entry part on the MM window In the Marketmaker window right click gt View gt Mini Order Entry If there is a check mark then Mini order window is enabled Uncheck to disable mini order entry 4 How to enable or disable the Order entry part of the MM window In the MM window right click 2View gt Order entry If there is a check mark then Order entry window is enabled Uncheck to disable order entry window 5 How to limit number of ECN order buttons displayed in the Order Entry Window To view only certain ECN order entry buttons in Order entry window In the MM window right Click 2Setup gt Order Entry Window gt Configure order entry button A new window Opens Two panes display the ECN button options right side pane displays ECN buttons that are available in order entry window left side pane shows buttons that are not availab
76. the studies option To select Studies Right click on chart window and select Studies or click on Studies Icon See Figure 80 Exponential Moving Average Weighted Moving Average Momentum Oscillator Figure 80 Chart Studies Selection The Studies options available are Simple Moving Average Exponential Moving Average Weighted Moving Average Momentum Oscillator MACD Bollinger Bands Relative Strength Index Stochastic Oscillator Stochastic Momentum Index MACD Histogram 6 3 11 1 Selecting a Study SMA After selecting Studies you can choose Simple Moving Average and click Add Indicator The Simple Moving Average will be added to the list and a settings dialog for the study Simple Moving Average will be displayed See Figure 81 Figure 81 Chart Studies SMA Settings HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 73 Once the Settings are chosen click Apply A chart with Simple Moving Average value and pattern will be displayed See Figure 82 f O Microsott Corporation 1 minute Bar Char mmm Eg og Ji EI amp amp 1 Hour 1 Minute SIMPEE MOMHIG AVERAGE 24 0693 24 2000 24 1800 24 1600 24 1400 24 1200 24 1000 24 0800 mF Ma rata A SIRE A aug 26 09 56 00 10 21 00 10 47 00 t T Lu Figure 82 Chart Studies SMA 6 3 11 2 Multiple Studies Similarly you can choose multiple studies for Te
77. to the Selected list To move all the routing order buttons from the Selected list to the Column Header list Up To move up the list Down To move down the list 4 Click OK 4 2 ECN Order Entry Windows ECN orders can be launched using individual ECN or using shortcut keystrokes Keystrokes for launching an ECN order are explained in the Keyboard Reference in chapter 6 P M Lj li Hote To open an ECN order e On the Trading menu select the required routing exchange and then click the required entry type HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 29 Graybox v3 5 0 beta 14 THRB OS1DEVOR2 File Edit View New Tools Configuration Help Preference Window JI Cancel NSDQ SDOT Orders ECM Order ARCA Buy ARCA Buy Entry ARCA Sell ARCA Sell Entry ARCA Short Sell ARCA Shart Sell Entry Cancel Close Quts Trailing Stops Oc ow En EEN oO co Os E nme ES UNLOCKED Click Ta Lock Figure 21 ECN order entries Figure 21depicts the ECN order entries available under ARCA routing exchange Following sections provide a detailed explanation on ECN order entries The Super ECN key sends orders to all ECNs at the price specified in the Preference Order box These orders go out at default quantity size 4 2 1 Sending ARCA BATS TRAC INET RASH Buy Entry You can send buy order entries through any exchange To send a buy order entry on any exchange 1 Open
78. window HOLD BROTHERS a Success is how fast you get there Graybox User Manual V8 24 4 1 1 Setting the Order Type You can change the order type and side in the Order Entry window You can make the following changes in the required order To change the type of an order click the order type list The dropdown menu in Figure 17 displays the different types of orders available Lst 57 89 1 Bid 57 89 BShr 5 Low 57 7801 Met 0 09 Ask 57 90 AShr 21 Hi 58 46 Vol 7 260 149 Cls 57 98 Opn 58 20 Tme 13 43 24 Imb 0 M 3I OBI OAI SIZE MM Ask SLE Prints Figure 17 Order types The Limit price and the Stop Limit are updated by real time quotes based on the current Inside Market Hote The different types of order available are e Limit e Market e Stop e Stop Limit e Market on Close e Limit on Close e Trailing Stop e Trailing Stop Limit e Opening Cross e Dynamic Smart e Regular Smart 4 1 2 Set Order Price Price of the order is set by e Manually by typing in the order price HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 25 e Selecting Live mode the order price will change accordingly to the last Bid or Ask on the Level 2 display e Point and Click using mouse on the Level 2 Display changes price based on where the mouse was clicked Should be enabled from the Trading options Order quantity can be entered manually From the
79. x quote display a quote monitor for market makers and ECNs Your Graybox is easily customizable and supports multiple trading styles such as scalping momentum swing and position Its multi server architecture eliminates system overload enabling execution of hundreds of trades a day When you are powered with all the data that you need from Level II quotes to late breaking news right in your trading screen you seldom make a wrong trade This user manual provides a detailed overview of Graybox Performance of the product is constantly assessed under real time operations and is instantly upgraded with new features in line with the dynamic industry trends Please refer to the Hold Brothers website http www support hold com for the latest updates on the product HOLD BROTHERS Success is how fast you get there Graybox User Manual V8 2 Graybox Basics This section explains the basic features of Graybox including logging in features of the main window how the user can customize the layout and the entitlements that a user can avail of 2 1 Logging on to the Graybox To log on to Graybox 1 2 E Click Start Select Programs Hold Brothers Graybox Trader The Graybox Logon screen is displayed as shown in Figure 1 Or You can also double click Hold Brothers icon on the desktop rodeo RE Password RE oo EE sevo zs Figure 1 Logon Screen Enter your trader ID and password
80. ymbol in the list Click the Move Up or Move Down button as many times as necessary 5 2 1 Split Order by Display Size You can split an order by display size It breaks up your order if the volume is shown on level two is less than the size of the order you are sending For example if you send a Sell Order for 2000 shares and INET shows 800 shares the order is split up so that 800 shares goes to INET and the remaining 1200 goes to the next ECN and SO On You can also specify at what price the order should be sent out above the Inside Market by adjusting the delta value a Hote You can remove an ECN or Market Maker from the list To remove an ECN or market maker from the list 1 Select the symbol in the list 2 Click the Delete button You can clear the list and start over To clear the list click the Clear button 5 3 Dynamic Smart Orders Dynamic smart orders work with the same settings as regular smart orders with the following exceptions e Dynamic order sends out all orders as IOC orders e Dynamic order sends out the orders again at the same price or raises the price up to 5 times if the orders are cancelled or rejected 5 4 The Super ECN Key The Super ECN key default Alt 1 sends orders out to all ECNs listed in the setup box Shown in Figure 45 at the price specified in the Preference order box You can send a NSDQ NYSE limit or market order for the size specified in this setup box To launch the

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