One-Click Dealing Marketmaker ® User Guide
Contents
1. Figure 16 Find Parent Link The ticket will then expand to show the full Linked ticket Figure 17 Set your order values as normal b New Order RDSa UK Oren THEN PLACE Instrument RDSa UK Type Limit Quantity 1 000 Limit Price 1 880 75 p Duration Remove parent SELL Clicks 1 Depth Select the existing order to l link to from available list of Figure 17 Linked Order Ticket open positions Price Depth Window With certain stocks i e the UK100 Market Depth Level 2 pricing is available for you to trade on Clicking the Depth button on a One Click ticket will cause the price depth data to expand into the area underneath the ticket Figure 18 EA New Order RDSa UK Instrument RDSa UK Type Quantity Limit Price p Duration Find parent Add if done Depth 4 New Order RDSa UK OLLI Instrument RDSa UK dork at larket Type Quantity 1 000 Clicks 1 Depth 27 286 22 000 19 391 1 975 100 36 868 41 604 63 433 29 541 50 069 47 739 36 544 B47 00 26 476 26 500 26 000 30 000 20 000 20 000 20 000 20 000 24 500 22 874 20 000 69 190 20 574 50 000 10 000 678 500 59 929 911 00 High 1 856 00 Close 1 857 Low 1 858 Mid Change Open High Low Change Figure 18 Price Depth Figure 19 Limit Order Price Depth If you place a Limit Order on an instrument that has price depth available your order will be highlighted in your price dept2. AB CMC Markets One Click Dealing Marketmaker User Guide Version 2 August 2006 Copyright 2006 CMC Markets London England All rights reserved No part of this document may be reproduced by any means without the prior written consent of CMC Markets Any unauthorised copying or distribution in whole or part will constitute an infringement of copyright Introduction One Click dealing allows you to trade within a single click of seeing a price One Click tickets can be opened by selecting New Order from the menu within Marketmaker double clicking on the Instrument in the Instrument Tree or by dragging the Instrument into the main screen When using the One Click ticket Marketmaker will set default quantity values These can be changed and saved at any time with the ability to set different default values for different instruments When you first use the One Click ticket you will actually trade with 2 clicks Should you choose to switch to true 1 click dealing then a warning acceptance window will appear In order to trade using 1 click you must first accept the warning Choosing not to accept the warning will restrict you to placing orders using 2 clicks The One Click Ticket M New Order RD OOG 1 Instrument RDSa UK Type Market 3 Quantity 1 2 5 lt SELL gt e BUY D 6 7 Clicks 1 Depth g Figure 1 Market Order Ticket Instrument The name of the Marketmaker instrument that is being traded Pr
3. ce 1 870 25 values here Duration BUY Clicks 1 Depth Figure 13 OCO Order lf Done Orders The new One Click ticket also allows If Done Orders to be placed through the price ticket To set an If Done Order select a Limit or Stop Quantity 1 Order through Order Type You can then set an If Limit Price 1 866 75 p Done Order for this by clicking on the If Done link Duration GTC that appears above the price Figure 1 4 Find parent Add if done is Fig 14 Add If Done Link The ticket will then expand to show the full If Done ticket Figure 15 k New Order RDSa UK Oren IF DONE THEN PLACE Instrument RDSa UK Instrument RDSa UK Type Limit Type Limit Direction Direction Quantity 1 000 Quantity 1 0 Limit Price 1 866 75 p Limit Price 1 866 75 Click here to Duration GTC Duration remove the Remove if done lt lt If Done PLACE Clicks 1 Depth Figure 15 If Done Ticket You can then set your order requirements for the If Done Order Click Place to continue with your order If you do not wish to place your order click Remove If done Linked Orders You can also add a Stop or Limit Order to an existing order with the new ticket Select a Limit or Stop Order via Order Type You Quantity 1 00 can then link this to an existing Order by clicking on Limit Price 1 866 75 p the Find Parent link that appears above the price Duration GTC Figure 16 Ki Find parent Add if done
4. dow Group Price Window Find Group in Tree Find Group in Tree Add Group to Favourites Add Group to Favourites b Reset Tree Reset Tree Hide Instrument Search Favourites Hide Instrument Search Favourites Figure 3 Opening the Default Window Selecting Dealing Defaults Group or Dealing Defaults Individual from the instrument menu will cause the Dealing Defaults screen Figure 4 to appear KE one Click Dealing Defaults for CRD UK Shares Energy Group 6 a E CFD UK Shares Energy Group Market Order Defaults Limit Order Defaults Stop Order Defaults Instrument Quantity clicks CFO UK Shares Energy 1 000 Figure 4 Dealing Defaults You can edit the default Quantity and Clicks values for Market Limit and Stop Orders To save any changes you make click Apply Changes and to cancel click Undo Changes Placing Trades Market Orders To place a Market Order click either the Buy or Sell button on the Market Order Ticket Figure 5 i New Order RD O Instrument RDSa UK Type Market Quantity 1 001 Save Clicks 1 Depth Figure 5 Market Order If you are trading with One Click then the order will move straight to the Order Active screen Figure 7 If you are trading with 2 clicks then you will first see the Order Summary screen Figure 6 where you can either click Place to place your order or Back if you wish to change something M New Order RD C M RDSa UK 46 OCE Order Sum
5. h screen Figure 19 The Limit Order will only be highlighted if it is placed at a level that has depth shown In the example above the limit to buy at 1847 00 is highlighted If the Limit was placed at 1847 50 where there is no depth then it would not be highlighted Further Reading This is only an introduction to the functionality of the new One Click Ticket for further information please see our One Click Walkthrough and the full Marketmaker Software Guide on our website http www cmcmarkets co uk help
6. ice The current bid offer indication level for this instrument Order Type Spinner To select between Market Stop Limit order types Order Quantity Spinner To select your order quantity Sell The button used to place a sell order for the specified quantity at the displayed bid price Buy The button used to place a buy order for the specified quantity at the displayed offer price Number of clicks required to complete trade Specifies whether you are using 2 clicks or 1 click to place trades 8 Depth Indicates whether Market Depth Level 2 Pricing is available on this instrument Oye ao a Once the ticket is open you can buy or sell the default quantity by clicking Buy or Sell The ticket will always open with an order type of Market If you wish to place a Limit or Stop Order then you must change the order type by using the Order Type Spinner Figure 1 Note 3 The order type selected will determine what other options are shown on the ticket For example when the order type is Limit the Limit Price value is also displayed You can edit the Quantity you wish to trade by either typing in the value or by clicking the Quantity Spinner Figure 1 Note 4 The same Is true for the Limit Price and Stop Price Setting Default Values When using the One Click Ticket Marketmaker will set default values These can be changed and saved at any time with the ability to set different values for different instruments Changing Default Va
7. lues for Individual Instruments Changing the Quantity or Clicks value causes a Save button to appear at the bottom left hand corner of the order ticket Figure 2 Clicking this causes the default values for this instrument to be updated i New Order RD Instrument RDSa UK Type Market Quantity 1 Click here to Save Clicks 1 Depth SS save defaults Figure 2 Saving Defaults When you first use a One Click Ticket you will actually be trading with 2 clicks where you will see a confirmation screen before the order is finally placed Should you choose to trade with true One Click dealing then you will see a warning acceptance window which you must accept before continuing Changing Default Values for Groups of Instruments By right clicking on a ticket it is possible to set the default values for single instruments or groups of instruments from within the One Click Dealing Defaults Window Order Ticket Order Ticket Old Style Order Ticket Old Style Order Ticket Price Depth Window Price Depth Window Single Price Window Single Price Window Display Chart Display Chart Related Mews Related Mews Related Analysis Related Analysis Create Price Alert Create Price Alert Single Instrument Window Single Instrument Window Add Instrument to Favourites Add Instrument to Favourites Dealing Defaults Individual Dealing Defaults Individual Dealing Defaults Group Dealing Defaults Group Group Price Win
8. mary Order 46808256 Active Instrument RDSa UK Instrument RDSa UK Account 1601085 t 1601085 t Type Market Type Market Direction Buy Direction Quantity Quantity l Figure 6 Order Summary Screen Figure 7 Order Active Screen Your order can now either become executed or cancelled If it is successfully executed you will see the Order Executed screen Figure 8 If your order is cancelled for example due to insufficient funds you will see the Order Cancelled screen Figure 9 along with the cancellation reason showing at the bottom of the ticket iM RDSa UK 46 OO Order 46808256 Cancelled Instrument RDSa UK Account 1601085 t Type Market Direction Buy Quantity 1 000 Price 1 658 00p Reason de cancelled iM RDSa UK 46 OO Figure 8 Order Executed Screen Figure 9 Order Cancelled Screen As with any order there may be times when the dealing desk need to re quote you a new price If this happens your Active Order screen will become an Order Re quoted Screen as shown below Figure 10 You now have the choice to trade at the new price or to cancel the order within the displayed time remaining H4 RDSa UK 46808344 O CANCEL Figure 10 Order Re quoted Screen If you accept the re quote the order will once again become active and will be executed If you do not accept the re quote in the required time then your order will be cancelled S
9. top amp Limit Orders To place Stop and Limit Orders using the One Click ticket you should click on the Order Type Spinner to change the order type to Stop or Limit as required Selecting Stop or Limit causes a the Stop or Limit Price to appear see Figure 11 for an example of a Limit Order Ticket You should now adjust this price to the required level as normal Stop and Limit Orders also have a Duration either Good Till Cancelled GTC which lasts until you cancel it or Day which expires at the close of trading Click Buy or Sell whichever is relevant to your order and if the Stop or Limit is successfully placed you will see the Order Pending Screen Figure 12 H New Order RD O Instrument RDSa UK Type Limit HM RDSa UK 46 O Quantity 1 01 Limit Price 1 847 00 p Duration Find parent Add if done BUY Clicks 1 Depth CANCEL New Figure 11 Limit Order Figure 12 Limit Pending Screen OCO Orders With the new One Click strategy orders you can place One Cancels the Other OCO orders through the standard Marketmaker One Click order ticket To change from a Market Order scroll through the Order Type with the arrows until it reads OCO Figure 13 You can then set the values for this order using the controls underneath HA New Order RDSa UK OC G Choose the Instrument RDSa UK order type with Type OCC these arrows Quantity 1 Limit Price 1 865 75 ___ Set your order Stop Pri
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