New Trade Ticket in ClientStation and WebTrader

Transcription

1 New Trade Ticket in ClientStation and WebTrader PLATFORM RELEASE NOTES Summary This document describes the features of the new single trade ticket for ClientStation and WebTrader that will replace the existing trade tickets within the next few months. Release: Mid-June 2012 Authors: David Hague, Mathew Green Document 24/05/2012 Page 1 of 6

2 CONTENTS All Products Traded Through a Single Ticket Trade Types Available Through Tabs Add Related Stop and Limits Level 2 Trading Linked to the Price List in WebTrader Info Panel Margin Panel Page 2 of 6

3 All Products Traded Through a Single Ticket All products offered by Saxo Bank can be traded through the new Trade Ticket simply enter the symbol or name and select the instrument from the drop-down list. Alternatively click the browse icon and browse for instruments from the instrument browser. Trade Types Available Through Tabs When you have selected an instrument, the trade types available for that instrument are available through tabs in the module. For example, major FX Crosses will offer: Trade trade as spot or a forward Order place a market, limit or stop order Option trade as a Vanilla or Binary Option Page 3 of 6

4 Add Related Stop and Limits The new Trade ticket allows you to simply place entry trades or orders together with related stop loss and take profit orders as a single trade. FX For FX, limit and stops can be placed at a fixed price or as a number of pips or % price change away from the entry price. Trailing Stops are also available to lock in profit, where you can also specify the trailing distance before the trailing order is moved. Stop if Bid and Stop if Offered orders are also available to force the stop to execute on the Bid or Ask price. Non-FX For other instruments, stops and limits can be placed at a specific price or a % price change away from the entry price. Stop limit orders are also available for CFDs and Futures, allowing you place a limit on the stop to ensure a minimum fill price in case of larger price movements. Level 2 Trading A level 2 Trading tab is available for Stocks, CFDs and Futures offering a view of the market depth and allowing you to place orders on these levels. Clicking on a row in the Level 2 table will select all the levels down to the selected row and populate the order price, Buy or Sell and the amount to fill down to the selected level. If the order book changes before you place your order, the selection will be removed but the order parameters will be maintained. Level 2 Subscriptions Access to Level 2 data requires a Level 2 data subscription to the exchange. You can access Subscription Management to add or manage your exchange subscriptions by clicking the Manage Subscriptions link. The top 5 levels of the order book are currently available through the trading platforms. Linked to the Watchlist in WebTrader WebTrader allows you to link your Trade Ticket to a Watchlist module, allowing you to quickly switch instruments in your Trade Ticket from the Watchlist. Page 4 of 6

5 Info Panel The info panel is available for all instruments and offers important instrument and trade information including: Any costs associated with the trade Current Bid/Ask for the instrument Nominal Value of the trade for relevant instruments Appropriate Trading Conditions Instrument expiry and first notice dates This info panel can be collapsed to show only important info (Costs, Bid/Ask and Nominal Value for Futures) to save space. Margin Panel The Margin bar represents the margin available on your account and the bar will indicate how much of your available margin will be used for the trade amount being placed. Page 5 of 6

6 Availability The new Trade Ticket will be available alongside your existing Trade and Order Modules from mid July. Later this year, the old Trade Modules will be removed and the new Trade Ticket will replace them. Page 6 of 6