TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) DEALBOOk 360 (GFT) GAIN CApITAL FXCM IkON STRATEGy RuNNER NINjA TRADER THINk OR SWIM FXDD

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1 SAXO TRADER 2 HALIFAXONLINE guide on the various online notifications via trading Platforms click below SAXO TRADER 2 HALIFAXONLINE Saxo Trader 2 Halifaxonline TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) DEALBOOk 360 (GFT) GAIN CApITAL FXCM IkON STRATEGy RuNNER NINjA TRADER THINk OR SWIM FXDD halifax investment services limited Australian Financial Services Licence No Date 1st May 2009 Halifax Online Notifications via Trading Platforms 1

2 SAXO TRADER 2 HALIFAXONLINE INSTALLATION AND SETup Download Click below to download and install the HalifaxOnline live system: Halifax/en/Halifax_webdeploy.exe if the.net doesn t work, please use this link. Halifax/en/Halifax.msi Login Click the HalifaxOnline icon and use the id and password sent to you to log in. When logging in to the platform for the first time, the platform will request that the user generate or import a security key. The Key Management window should appear. Most of the buttons should be greyed out, as they are unavailable at this stage. The user can click on the Generate Key button. They then need to contact Halifax, and we can activate the key using the back office platform (CCM). Installation After the installation file has downloaded, run the file to install HalifaxOnline. The demo platform must be uninstalled before the live platform can be installed, unless the Trade Server address is changed in the Connection Settings. This should be utilized by advanced users only. Please also note that you can only run the program on ONE computer at any ONE time. You can only run ONE account on any one computer. After the download, you will see the icon of HalifaxOnline on your desktop. How to generate a new key? When you log in to Halifax Online for the first time, you will be asked to generate a new key. 1. Click ok and the Key management window will pop up. 2. Click generate new key and ok. 3. You will get message: You are about to generate a new key. Do you wish to continue?. Click Yes 4. You will be informed that the key has been generated successfully. You will now need to contact Halifax to have your key activated. Once the client has generated their key, we will need to activate the key using CCM. To do this, open up the client s details in CCM, and the button activate key will now be active. Click this to activate the key, and click save to save the changes. Saxo Trader 2 Halifaxonline 2 HALiFAx Online Notifications via Trading Platforms

3 SAXO TRADER 2 HALIFAXONLINE Saxo Trader 2 Halifaxonline Backup key To load the platform on a second computer, you must first create a backup key, which is a copy of the original security key, and then load the backup key onto the second computer. in order to make a back up key for your trading account, please do the following: 1. Log in to the platform using your login id and password. 2. Go to the menu tools > options > key management. 3. Click backup key button. 4. You will be asked to provide a password to protect your security key (you choose the password yourself). 5. Click browse and select a drive and a folder where you want to save your security key. 6. Click ok. 7. A dialogue will be displayed to inform you that the key was successfully saved. if you saved the key to a portable USB drive, you will only need to select the drive, rather than the files, when you reload the key. The key is composed of three small files, each of them has your id as a part of its name. These files are hidden, so if you need to transport the files in something other than a USB drive, you will need to change the file settings on the computer so that it shows hidden files. if you want to use the platform on another computer, it is required that you load the backup key. Load Backup Key in order to load backup key, please do the following: 1. Log in to the platform using your login id and the password 2. When you first log in, a dialogue will be displayed instructing you to generate a key or load a back up key. Click ok to acknowledge this dialogue. 3. The key management dialogue will open, allowing you to set up the security key for your trading system. 4. Click load backup key. 5. Enter the location (drive and folder) where the backup copy of your security key is located. To do this, click browse and select a drive and folder accessible from your PC. 6. Enter the password you used to protect your key and click next. 7. A dialogue will be displayed to inform you that the key was successfully copied to this computer. Click ok to acknowledge this dialogue. Decrypt Session Key Error message: could not decrypt session key or your local security key does not match the key stored on the trade server. The message means that your current key is corrupted or you have generated a key on another pc. You will need to delete the current key and generate a new key. 1. Click ok to the message and the key management window will open. 2. Click delete current key and then ok. 3. in order to log in again, you will be asked to generate a new key or load a backup key. Please refer to the HOW TO GENErATE A NEW KEY and HOW TO LOAD BACKUP KEY sections above for more details. Change password The user can change their password at anytime, by going to tools and clicking change Password. Alternatively, you can change the password in CCM by finding the client in CCM, and just change the password there. Halifax Online Notifications via Trading Platforms 3

4 SAXO TRADER 2 HALIFAXONLINE platform Setup There are many ways to setup the platform. The following are a list of most commonly used tabs. For Prices and trade, which is the main window to see the prices, you will need to go to Tools >> Prices and Trade to add the prices and trades tab. For account summary which is the main page for checking the account and open positions, go to Account >> Summary. To check your open orders, go to Tools >> open orders. To bring up charts, please go to Tools >> Charts. For live streaming news, please go to News >> Streaming News. Once the panels have been added to the client s needs, you can then rearrange it to the way that you want. To do so, there are several ways to do it. if your current page is a tab, as shown below, you can make it a panel by right clicking on it, and check panel. Once this is done, you can move it around the page to the way you want. You can also do the same if you want to make it a tab, just do the reverse. Saxo Trader 2 Halifaxonline 4 Halifax Online Notifications via Trading Platforms

5 SAXO TRADER 2 HALIFAXONLINE Market Data Subscriptions To be able to trade and get live pricing for contracts you will need to subscribe to certain subscriptions. To do this you will need to click on account > subscriptions > subscriptions Pricelist. This should open up the subscription pricelist tab. Scroll down to see the possible subscriptions. Saxo Trader 2 Halifaxonline Halifax Online Notifications via Trading Platforms 5

6 SAXO TRADER 2 HALIFAXONLINE Once the Subscription Price list is opened, you will need to click on the Subscribe tab as shown below. When you click on this, a new popup will appear asking you to fill the details as required. Saxo Trader 2 Halifaxonline Please note, that if the client is setting it up as an individual or joint account, it is a private investor, and anything else like trust or company is a professional. Make sure they select the right one. 6 Halifax Online Notifications via Trading Platforms

7 SAXO TRADER 2 HALIFAXONLINE Saxo Trader 2 Halifaxonline Halifax Online Notifications via Trading Platforms 7

8 SAXO TRADER 2 HALIFAXONLINE placing TRADES Opening a position There are two ways of placing opening trades on the Halifax Online platform. Both these methods apply for any type of contract, whether it is Fx or Futures it doesn t matter. Pick the one you think it is easier to use as the main method of trade. Type 1: 1. Since the method is the same regardless, we will use futures as an example. Go to the menu, and click on Futures >> Futures Orders (alternatively you can do the same for Fx, CFDs and Stocks). 2. A new popup should appear like below. Now normally when this popup appears, there will be no contract selected, so you will need to enter in the contract code in order to trade. Here we will use the SPi. 3. Once the contract code is entered, the details of the order will appear. Please set the correct parameters for what you want to trade. So if you want a Limit, go to type and change it to a Limit. if you want to change it to a day order, please change the duration to Day as shown. Saxo Trader 2 Halifaxonline 4. Once all the parameters are set, click on the place order and the order will be placed. 8 Halifax Online Notifications via Trading Platforms

9 SAXO TRADER 2 HALIFAXONLINE Type 2: 1. The second method requires you to have Prices and Trades up and running on your desktop. Assuming you have the specific contract you want to place on the platform, right click on it and select Futures Orders. 2. Follow steps 3-4 in Type 1 and the order will be placed. Closing a trade/placing a related stop and take profit order The best and easiest way to close a position or put a stop/take profit order is in to do this in Account Summary. in Account Summary, as shown below, you should be able to see your open positions under the panel called open Positions. You will see that there is a + symbol on the left hand side. Click on this to expand it out. Saxo Trader 2 Halifaxonline Halifax Online Notifications via Trading Platforms 9

10 SAXO TRADER 2 HALIFAXONLINE Once expanded out, a new line will appear below. On the right hand side, you will see 3 boxes. The left one which has an x on it means close out at market, the green one is a limit take profit order, and the red one is the stop order. Once you click on one of those a new popup will appear asking you to select the parameters of this closing order/related order. Saxo Trader 2 Halifaxonline Click place order and the order will be placed. if it is a related order, you can check the status of it in Open Orders. 10 Halifax Online Notifications via Trading Platforms

11 SAXO TRADER 2 HALIFAXONLINE FEATuRES Open Orders You can check whether your orders are working under the Open orders panel. To open this, go to tools > open orders. This should bring up a screen like below. Saxo Trader 2 Halifaxonline As you can see, it lists all the orders of the client. The client has the ability to change this or even cancel the order. Halifax Online Notifications via Trading Platforms 11

12 SAXO TRADER 2 HALIFAXONLINE if the client wishes to change the order, you will need to highlight the relevant order and click on Change Order at the bottom of that panel. A new screen like the one below will appear. Set the relevant parameters as required and click Place Order and the order will be changed. Charts Charts, the essentials of trading, can be brought up by going to Tools >> Charts. in order to change the settings of the charts, you will need to go to Tools >> Options and then select the Chart tab. Here you can change all the chart details you want. However, to update the chart, you will need to create a new one by going to Tools >> Charts. if the client wishes to cancel the order, you will need to highlight the relevant order and click on Cancel Order at the bottom of that panel. To edit the chart with lines, studies, annotations, you will need to right click on the chart, and go to the relevant options to setup these features. Saxo Trader 2 Halifaxonline 12 Halifax Online Notifications via Trading Platforms

13 SAXO TRADER 2 HALIFAXONLINE Account Summary Account summary displays all your current cash value, margin usage and any open positions. Below is a screenshot of it and the details behind each one. Saxo Trader 2 Halifaxonline account value other collateral not available for margin collateral used for margin requirements available for margin trading margin utilization This is the current value of the account, if all trades were liquated at this time and margin were given back at the time. instruments NOT online tradable. For example bonds. The account value less Other Collateral. The current amount of money tied up in margin The amount you have currently that you can use for trading The current percentage of the total value used up as margin non-margin positions unrealized value of positions cost to close cash balance transactions not booked The current market value of any securities (e.g. equities, bonds etc.) held as collateral for margin requirements. The market value is calculated using bid price. The sum of Non-margin positions (value of collateral), Unrealized margin profit/loss (unrealized value of all open positions) and Cost to close (commissions and fees). The cost of closing your positions, e.g. commissions and trading fees. Cash on hand excluding an unrealized value of positions. Trades, commissions etc. that have not been booked. For example a trades executed today will be booked the next business day. Halifax Online Notifications via Trading Platforms 13

14 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) INSTALLATION AND SETup The following steps must be followed by the client to install and configure Trader Workstation, and provides detailed instructions on how to fund and configure the account, including the setup of a paper trading, or simulation, account, and correct configuration of market data subscriptions. These details are given to the client in their Welcome Letter, in an attached file called Installation and Setup Details for Traders Workstation. Installation The platform can be downloaded from the following link: tws40_install.exe To install the platform on a Mac, use this link: install.pkg.zip Your browser will open and ask you to run or save the file. Please note that the initial download is Trader Workstation, but it is the same as Halifax Options Trader. PLEASE NOTE: THE LivE ACCOUNT AND SiMULATiON ACCOUNT ArE BOTH ACCESSED THrOUGH THE SAME PLATFOrM TrADEr WOrKSTATiON. Java The most common problem during installation is an error message relating to Java, and it will not let the installation continue. Java is required for installation, and must be installed before running the TWS installation. The latest version of Java can be downloaded from Simply follow the download links, and either save or run the Java installation file. The Java installer may prompt you to install some secondary software, such as word processing software, but this is not necessary (you can click on don t install for this). Once Java has been installed, restart the installer for TWS. Login Once the platform is installed, there should be a square purple icon on the desktop called Trader Workstation, and a program folder under the Start menu by the same name. Once the client s account has been funded, they should be able to log in to the live platform. To log in to the simulation account, they will first need to set it up in Account Management (details below). if the client is unable to log in, it could be because the account is not funded, or it was only just funded. The paper trading account will usually become active a day after the account has been funded. PLEASE NOTE: LOGiN MAY NOT BE POSSiBLE BETWEEN 12 PM SATUrDAY AND ALL DAY SUNDAY AEST. THiS is BECAUSE interactive BrOKErS PErFOrM MAiNTENANCE ON THEir SYSTEMS OvEr THE WEEKEND. Traders Workstation (IB) Halifax Options Trader (HOT) 14 Halifax Online Notifications via Trading Platforms

15 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) Traders Workstation (IB) Halifax Options Trader (HOT) Account Management Account management is also where the client must go to configure their account, including Market Data subscriptions and setting up the Paper Trading account. Account Management is not accessed via the trading platform, but through the following website: if the client logs in with their live account details, they can set up their market data services, set up their simulation (paper trading) account, change between professional/non-professional status, and also print any account statements that they may require. Once Account Management has finished loading, they should see a screen that looks like this (this is the same as the Account Management screen that we see for our master account, but with fewer options available): Halifax Online Notifications via Trading Platforms 15

16 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) paper Trading Account Setup To open the paper trading account, the client needs to log in to Account Management using their live account details. On the menu on the left side of the page, click on Trading Access, and in the drop down menu that appears, click on Paper Trading. it will give you your account number and user name, and it will prompt you to enter your own password (one that you make up yourself). Once complete, this user name and password will be what you use to access the simulation platform. MAKE SUrE YOU remember THE PASSWOrD, AS YOU WiLL NOT BE ABLE TO SEE it AGAiN ON THiS PAGE. PLEASE NOTE: YOUr LivE ACCOUNT AND SiMULATiON ACCOUNT ArE BOTH ACCESSED THrOUGH THE SAME PLATFOrM TrADErS WOrKSTATiON. To reset your simulation account: To reset the balance of the paper trading account, the client can log in to Account Management using their simulation account details. On the left menu, they select trading access, then Paper trading account reset. it will prompt them to specify how much paper money they would like to have in the account. This will reset only the USD balance of the account, but will not reset any open positions or orders that they might have. Market Data Subscription setup Market data subscriptions must be set up first before any market data will be available on the platform. To ensure that the client has the correct subscriptions set up, they must first log in to Account Management with their live account details. This is accessed by clicking on trading access > market data subscriptions. They must check the boxes for the subscriptions that they need, and submit the request. Forex data is already checked, but they will need to submit this form before they can access Forex data. Traders Workstation (IB) Halifax Options Trader (HOT) 16 Halifax Online Notifications via Trading Platforms

17 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) Traders Workstation (IB) Halifax Options Trader (HOT) Professional or Non-professional Status: At the top of the page, the client will see Account Configuration/Non-professional, or Account Configuration/ Professional. This is the current status of their account. All accounts are automatically set up as Professional accounts, but if the account is set up as an individual, they can request to be changed to Non-professional status. The difference is that Non-professional subscribers are eligible for reduced market data fees for some exchanges. if the client is set up as a Professional, but is eligible for Non-professional status, they must submit the request to change over. They do this by clicking on Professional status on the left menu, and submit the request to be changed to non-professional. After submitting this, they must go back to the market data subscriptions page, where they will need to fill out a form to apply for Non-professional status. Once this has been submitted, they will be changed over straight away. if the client has a company or trust account, the option to change to non-professional will not be available. To ensure that you are subscribed to the correct market data packages: For Non-professional users: if you are set up as Non-professional, then go down through the list and make sure all the free subscriptions are ticked in the check boxes (down the right hand side of the page), including any subscriptions marked subject to waiver. All Forex subscriptions, as shown below, are free and checked by default. You can also subscribe to any other data services you require, but there will be a charge for those. Please note that the subject to waiver conditions, where it states that if no trades are made during the month, you will be charged USD10 for using that market data. When you are done, click on continue at the bottom, and continue again on the next page. Halifax Online Notifications via Trading Platforms 17

18 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) For professional users: if you are set up as Professional, you will need to go through the list and check the boxes for the market data services that you require. Please refer to the following list for the most commonly required market data subscriptions and the data that they provide. For most US commodities, you will need to subscribe to Professional US Commodities Exchanges, as shown below. To trade commodities on the NYBOT exchange, you will need to subscribe to intercontinental and New York Board of Trade (Professional). To trade US options, subscribe to US Options Exchanges. When you are done, click on continue at the bottom, and continue again on the next page. You will be taken back to the Market Data Subscriptions page, but don t worry the request has been submitted. Market Data Subscriptions List: Below is a list of the exchanges, and the market data that needs to be checked in order to get the market data. For Non-professionals: To trade in the US, all contracts ExCEPT NYBOT you will need to check US Securities and Commodities Bundle Non-professional - Level i. For the NYBOT, you will need to subscribe to the intercontinental and New York Board of Trade (Non Professional). Foreign exchange is automatically set. For Professionals: To trade in the US, all commodities and commodities options ExCEPT NYBOT futures you will need to check Professional US Commodities Exchanges. For the NYBOT, you will need to subscribe to the intercontinental and New York Board of Trade (Non Professional). For US stocks, you will need to subscribe to the exchange that is relevant to that stock. So if the stock is trading on the NASDAQ, you will need to subscribe to the NASDAQ. For US Stock Options, please check US Options Exchanges. Foreign exchange is automatically set. Traders Workstation (IB) Halifax Options Trader (HOT) 18 Halifax Online Notifications via Trading Platforms

19 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) Traders Workstation (IB) Halifax Options Trader (HOT) ACTIvITy STATEMENTS You can login into account management to view client s activity statements. This should be done to view trades that have been placed. Please note that statements will be updated in the afternoon and that trades placed within a 24 hour period may not yet be available. To access the statements, click on report management > activity statements. Select the period and the date range required. if you are viewing another client s statement, you will need to select the account number. Select the format html/web or.pdf if you want to save the activity statement. The Activity Statements offer the following features: Expandable and contractible sections with click-down detail. Performances summary by asset class for a quick view of an account s profitability. Profit and loss across all transactions, positions, underlying instrument and asset class, under First in, First Out (FiFO) and Mark-to-Market (MTM) calculation methods. Details of change in position value for the statement period. Calculation of Fx translation gains and losses for accounts with multiple currencies. Halifax Online Notifications via Trading Platforms 19

20 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) placing TRADES The following is a general guide to placing trades in TWS, from a client s point of view. it is important to understand this process, as clients will call with trade related issues. placing Futures Trades in TWS 1. add ticker lines to your screen On the Order Management screen, click on the Underlying column, enter the symbol for the contract you want to trade, and press enter. Alternatively, you can use the contract search option on the ticker menu. Once the symbol has been entered into the Order Management screen, a small drop-down menu appears. Click on Futures, and select the month of the contract you want to trade. The ticker line will appear on the screen. if the contract is currently trading (the exchange is open), you will see the current bid and ask prices. if the exchange is closed, you should see the last closing price under the last column (for example C123.45). To access detailed information about the contract, right click on the ticker line, and go to Contract > Contract Description (alternatively, you can doubleclick on the description on the ticker line). This box will display information about the contract, such as the exchange, trading hours, and the multiplier for the contract. The Multiplier is how many of the individual units make up one contract. For example, the multiplier for Gold (GC) on NYMEx is 100. if the current price was USD $740.50, then the total market value of the contract would be 100 x , or USD $74050 worth of gold. 2. create an order To place a trade, you can click directly on the bid price (to open a short trade) or the ask price (to open a long trade). This will open an order line directly beneath the ticker line. if you look at the column headings, you will see an upper and lower heading. The upper heading is for the ticker line, while the lower heading is for the order line. These columns can be changed in the configuration screen. You can edit the order attributes by clicking on any of the fields (time in force, action, Quantity, Price, order type, or destination), if needed. Detailed information on all order types and attributes is available in the TWS User Guide: twsguide.htm The Order Wizard will give you more detailed information about the order. if this is not visible, you can click on the view menu, and then select Order Wizard. it is not necessary to use this, but you might find it useful. 3. transmit an order Once you have set your desired parameters, you can transmit the order by clicking on the T on the order line. The order preview box will appear to confirm the details of the order. if everything is correct, click the Transmit button. You will see the order status change to show that it has been transmitted. if the order was a market order, you may see it get filled very soon after transmitting, if the market is open. Your orders can take varying amounts of time to fill, depending on how liquid the market is, and on whether it s a market or limit order. Working orders (orders that have not been filled) will appear on the Pending tab. The status of the orders can be checked by viewing the colour-coded box on the far right side of the order line. Hovering the mouse cursor over the coloured box will show what the colour represents. Once orders have been filled, they will appear on the Portfolio tab. They will also appear in the Account window, under the portfolio section (Fx trades will appear under the Fx portfolio section). Traders Workstation (IB) Halifax Options Trader (HOT) 20 Halifax Online Notifications via Trading Platforms

21 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) Traders Workstation (IB) Halifax Options Trader (HOT) When you trade futures contracts based in USD, the initial margin requirement is deducted from your account in USD. Your AUD is not automatically converted to cover this, as is commonly believed, but the USD value is borrowed in order to place the trade (the platform will check to make sure that you have the equivalent value in AUD). For example, if you have AUD $10,000 in your account, and you place a trade for a futures contract with a margin requirement of USD $2000, you will see the following in your Market value section: 4. cancel an order aud 10, usd To cancel a working order (one that has not been filled), you can click on the C button on the order line. 5. closing an open position To close an open position, an order must be placed to do so. if you have a long position, a sell order will be used to close the trade. if you have a short position, a buy order will close the trade. You can do this by right-clicking on the position line, and going to Trade > Close position, or Trade > Sell/Buy. The order line will appear beneath the position in the Order Management screen, and must be transmitted in order to close the trade. When the futures contract is closed, the initial margin will be returned to your account, plus/minus the profit/loss that you have made. in the previous example, if you made a loss of USD $45, the Market value section would show: aud 10, usd This amount would remain in USD until it is manually converted back to base currency AUD. Halifax Online Notifications via Trading Platforms 21

22 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) CuRRENCy CONvERSION This guide is given to clients if they require assistance in converting currencies in their account. This information may also be provided by their education provider, but this is one area that causes a lot of confusion for clients, so we have put together a special guide to assist with this. Please do not give this file to clients, but rather send them the separate fx conversion guide. Market value The trading account can hold multiple currencies (you can have amounts of AUD, USD, JPY, etc, all held in the same account), and these are all displayed in the Market value section. You will need to make sure that the Market value section is completely expanded to view all of the currencies in the account (click the small green + icon on the right hand side, as shown below). it is very important to understand the way that holding different currencies affects your account value. When you trade, profit/loss made is held in the currency traded until you choose to convert it back to base currency. For example, it you make a profit on US based futures contracts, the profit will remain in USD until manually converted to AUD. Please see below (Conversion of Currencies) for instructions on how to convert your currencies to base currency AUD. In the above example, this account is currently holding AUD, JPY, and USD (in negative, which means that this amount is currently owing). These currencies, if converted at the current exchange rates, equal AUD$ 18, Net Liquidation value The Net Liquidation value of the account is the total account value, which takes into account the value of all currencies held in your account, both base currency (AUD) and any other currencies, as well as the current value of your open commodities and equities trades (initial margin requirements are included, as well as current profit/loss). Because the account s base currency is AUD, the total of all of your cash and positions is shown in AUD at the current point in time. For example, if your account held AUD and USD, the Net Liquidation value would show the total current value of both, at the current exchange rate. As shown in the previous example, the Net Liquidation Value shows the current value of all currencies and positions held at the current exchange rates. Traders Workstation (IB) Halifax Options Trader (HOT) 22 Halifax Online Notifications via Trading Platforms

23 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) Traders Workstation (IB) Halifax Options Trader (HOT) Futures vs Foreign Exchange it is important to understand the way in which trading Fx affects your account value, and how this differs from trading commodities and equities. When you trade futures contracts based in USD, the initial margin requirement is deducted from your account in USD. Your AUD is not automatically converted to cover this, as is commonly believed, but the USD value is borrowed in order to place the trade (the platform will check to make sure that you have the equivalent value in AUD). For example, if you have AUD $10,000 in your account, and you place a trade for a futures contract with a margin requirement of USD $2000, you will see the following in your Market value section: aud 10, usd When the futures contract is closed, the initial margin will be returned to your account, plus/minus the profit/ loss that you have made. in the previous example, if you made a loss of USD $45, the Market value section would show: aud 10, usd This amount would remain in USD until it is manually converted back to base currency AUD. Foreign Exchange works differently. When you place an Fx trade, you are technically not buying a contract you are borrowing funds to convert to another currency, then, after the exchange rate changes, converting back to the original currency. The profit/loss made is the difference in value of the currencies since the initial conversion. For example, if you put on a trade in GBP.USD, for a short position of 18,000, you would be borrowing one currency to convert to the other, and your Market value section would show: gbp -18, usd 28, The Net Liquidation value would remain relatively the same at the time of placing the trade, but it would fluctuate as the exchange rates change. When you close the trade, the platform will convert the USD back to GBP to become square. However, it will require enough to cover the 18,000, which could be more or less than is currently held in USD, depending on how the exchange rate has changed, and whether you are in profit or loss. if the exchange rate has moved in your favour, there would be some USD left over, and your Market value section would retain the amount of USD a profit. if the exchange rate moved the other way, the platform would actually need more USD than what is currently held, and you would be left with a negative USD balance a loss. The Fx Portfolio section shows open Fx positions, but it is important to understand that all Fx positions are virtual positions they are shown as a representation of the difference in value between the two currencies of the traded pair, from the time of opening the trade to the current point in time. The real position is the actual currencies held in the account. For the previous example, the GBP.USD trade might show the following in the Fx portfolio: Contract Position Currency Market Unrealized Description value P&L gbp.usd 18, usd 28, This position shows the change in value since opening the trade (shown in unrealized P & L). if, however, your account is holding currencies as a result of profit/loss on trades that were previously closed, and you have no open trades currently showing in your portfolio, you are still exposed, to an extent, to the fluctuations in the exchange rates of these currencies. if you held AUD and USD in your account, your Net Liquidation value would also change with the AUD.USD exchange rate, even though you have no position showing for that currency pair. To reduce this exposure, you might decide to convert your currencies back to AUD after closing your trades. Alternatively, if you are expecting a better exchange rate later, you may wait and convert your funds later. The following section is a guide for how to convert your currencies back to base currency, AUD, when you are ready to do so. Halifax Online Notifications via Trading Platforms 23

24 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) Conversion of Currencies To convert a non-base currency back to AUD, you will need to place an order to convert the currency. Because this will only be a one-way conversion (you want to change the currency to AUD, but you will not need to convert it back), the position shown in the Fx Portfolio can be zeroed, so that it no longer shows a position. The steps in this process are as follows: 1. Place the order right click on the currency line in the Market value section, and select Close Currency Position. This will open an order line in the Order Management page for the required amount. A message box will appear to confirm that an order will be placed to convert the currency. Click OK. if the order is smaller than the minimum lot size, it might take a while to fill if it is on the idealpro exchange (it will fill, but could take a while sometimes over an hour). To avoid this, you can change the exchange to ideal, by clicking idealpro on the order line (this is not the one under the exchange column, but on the order line near the Transmit (T) button), and selecting ideal. Click T to transmit the order. Traders Workstation (IB) Halifax Options Trader (HOT) 24 Halifax Online Notifications via Trading Platforms

25 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) Traders Workstation (IB) Halifax Options Trader (HOT) 2. Zero the position if you now have a look at your Account Window, you will see that the non-base currency has been reduced to near zero, and the AUD balance has also changed to reflect the conversion. The Fx portfolio will show an open trade, but remember that this is also a virtual position, which only shows the difference in price since the conversion. Because you only need to do a one-way conversion (you will not need to convert it back later), you can zero out the position. To do this, right-click on the position, and click on Adjust Position or Average Price. Change the position to zero, and click OK. Halifax Online Notifications via Trading Platforms 25

26 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) You will now see that the position is zero, and the currency has been converted to AUD. HOT CONFIGuRATION Hot Configuration should be used to configure the TWS platform. Some of the things that can be configured are things such as Hotkeys, Order Management columns, Account window, Trading tools and information tools. Traders Workstation (IB) Halifax Options Trader (HOT) 26 Halifax Online Notifications via Trading Platforms

27 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) Traders Workstation (IB) Halifax Options Trader (HOT) Hotkeys Hotkeys are keys which can execute specific actions. For example you can configure a single key on the keyboard to execute a trade with a stop just with the touch of one button. Under possible actions are all the type of hotkeys that can be setup. These are: create orders modify/transmit orders cancel orders used from rapid order entry tools realtime activiy monitoring cut/copy/paste miscellaneous Halifax Online Notifications via Trading Platforms 27

28 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) Hotkeys can be configured by clicking on hotkeys then select the possible action then click create shortcut click on record and then you will be promted to assign the hotkey to the function that you want executed. Traders Workstation (IB) Halifax Options Trader (HOT) 28 Halifax Online Notifications via Trading Platforms

29 TRADERS WORkSTATION (IB) HALIFAX OpTIONS TRADER (HOT) Traders Workstation (IB) Halifax Options Trader (HOT) ADDITIONAL FEATuRES The following is a list of additional features available in the platform. Clients will usually not need to use these tools, but might ask about them from time to time. More information on these tolls is available in the User Guide. Trader Dashboard The real-time Trader Dashboard is an optional tool that is displayed at the top of the pages tabset. This customizable panel allows you to monitor data fields from your Account information window. You can also keep abreast of the most recent activity for specific contracts. The dashboard can be added and configured by going to Configuration > Information Tools > Trader Dashboard. Then check the box show trader dashboard. FXTrader Designed specifically for Fx traders, the customizable FxTrader window displays quote pairs with the emphasis on the key price component. This is the same as the forex dashboard common to many Fx trading platforms. Options Trader This configurable standalone screen shows market data for the underlying, lets you set up option chains based on the underlying, gives you access to your options orders, executions and portfolio information, drives the data for the Model Navigator and Options Analytics windows, and lets you create combination Spread orders. Book Trader Use the BookTrader to instantaneously transmit orders at a selected price with a single click. This is similar to the trading tools used in some other platforms, such as Strategy runner and Ninja Trader (SuperDOM tool). Halifax Online Notifications via Trading Platforms 29

30 DEALBOOk 360 (GFT) INSTALLATION AND SETup To install the Dealbook platform, simply download the installation file from the following link: run the installation file, and the platform will be installed. A secondary program, Chart Studio, will also be installed. This program is for programming strategies, and is for advanced users only. How to Open a Chart To Open a chart, right-click on the main program window (this could be under any tab that you choose), and select chart. A contract selection box will appear where you can select the contract that you would like to trade. Dealbook 360 (GFT) Select the required contract, and click ok. A chart will appear with the default settings. Chart settings can be adjusted by using the buttons at the top of the chart. 30 Halifax Online Notifications via Trading Platforms

31 DEALBOOk 360 (GFT) The first two boxes can be used to change the bar type and period used in the chart. The other buttons have the following functions. change symbol After the chart has been opened, it is possible to change the chart symbol / instrument while in the chart. change secondary symbol This will add a second symbol / instrument to the same chart, so they can be viewed in comparison. grid kind To change the grid visible on the chart. setup indicators setup chart Technical indicators can be added to the chart (such as moving averages, MACD, Stochastics, etc). This button can be used to both add and remove indicators. Change the chart settings and layout, such as colours and bar/candle size. if you would like to set the settings for all charts, click the botton set to default at the bottom. Dealbook 360 (GFT) chart templates history Print indicator alarms setup strategies report strategies This can be used to save chart layouts, so they can be loaded back later. This can be handy if you need to load different chart layouts for other contracts. Simply click save to save your chart, and when in the new chart, click Load. Normally charts will only go back a fixed length of time. This button can be used to load charts of a longer time period. To print the chart. Alarms can be set up to notify you when a price event occurs, such as the price reaching a particular level. You can be notified by pop-up, or SMS. For advanced users. Strategies written by the user in Chart Studio can be loaded into the chart for back testing. For advanced users. Once strategies have been loaded, this will give a detailed Halifax Online Notifications via Trading Platforms 31

32 DEALBOOk 360 (GFT) placing TRADES One method of opening a trade on DealBook 360 is to click on New Order on the top buttons section. This should open a new order box as shown below. The Order Type can be set to basic order types Market, Limit, or Stop, or one of the advanced order types, such as OCO orders. Dealbook 360 (GFT) 32 Halifax Online Notifications via Trading Platforms

33 DEALBOOk 360 (GFT) You can select the pairs that you want to trade by clicking on the dropdown box. The next thing you will have to select is the amount of lots you want to trade. Lot sizes will be set up in the back office program. Dealbook 360 (GFT) After you have selected the pairs that you want to trade you will then have to choose to either go short (sell) or go long (buy). For example, to go short (sell), you would click on Bid. This will bring up a trade confirmation box as seen below. To confirm your trade, click sell. The order will appear in the working orders window, until it is filled, and then it will show in the open Positions window. Halifax Online Notifications via Trading Platforms 33

34 DEALBOOk 360 (GFT) ADDITIONAL FEATuRES Dealbook 360 dashboard The Dashboard on Dealbook 360 is used to quickly place trades on your most commonly traded currency pairs. You can add multiple currency pairs to the dashboard, and this will allow you to quickly view the prices, and place trades, without having to swap screens. The dashboard also has an auto-hide feature, which means that the dashboard will not be visible until you move the mouse cursor to the side of the screen, and the dashboard will pop up. The Dealbook 360 Dashboard can be seen below. To add more windows to the Dashboard you can right click on the dashboard, select Add to Dashboard, then select what you want to add to the dashboard. For example, we will add the quote board to the dashboard. Dealbook 360 (GFT) 34 Halifax Online Notifications via Trading Platforms

35 DEALBOOk 360 (GFT) As shown below the quote board has been added to the dashboard. Dealbook 360 (GFT) Halifax Online Notifications via Trading Platforms 35

36 DEALBOOk 360 (GFT) ITX (Inter-Trader Exchange) itx (inter Trader exchange) allows traders to find better rates for deals with other traders. Through the itx traders can broadcast bids and offers to every user logged on to the Dealbook 360 system. Any user on the system will have the option to deal at the trader s specified rate for the specified volume. itx was designed for traders who wish to broadcast and trade with other traders in real-time. This real-time exchange permits improved market price discovery and can often result in finding better dealable prices. To open the itx window for a specific symbol, click button called itx on the toolbar or use itx item in the Trades menu and choose desired symbol pair. The itx window will appear. in this window you can create itx orders, or view and match existing itx orders for the symbol indicated in the window title. FOr DETAiLED instructions ON USiNG THE itx SYSTEM, PLEASE SEE THE DEALBOOK HELP, AvAiLABLE WiTHiN THE PLATFOrM. Dealbook 360 (GFT) 36 Halifax Online Notifications via Trading Platforms

37 DEALBOOk 360 (GFT) Reports You can also generate reports on DealBook by going to the Statements and selecting the report that you want to see. A new popup will appear as shown, and all you have to do is select the statement that you want. Dealbook 360 (GFT) Below is a sample of the Account History report of an account. Halifax Online Notifications via Trading Platforms 37

38 GAIN CApITAL placing TRADES method 1: One method of opening a trade on FOrExTrader is to click on the + symbol on the top left corner of the screen as shown below. This only works for entry orders which are Limit or Stop. Gain Capital 38 Halifax Online Notifications via Trading Platforms

39 GAIN CApITAL A new popup should appear on the screen as shown below Gain Capital 1. Product This is the Fx cross pairs. Go here to select the Fx pair that you want to trade. 2. Order Type Click here to change the order type. For example, you can change it to OCO, if then etc. 3. Expires Click here to change the duration of the order. For example, if you want GTC, change it to GTC. 4. Buy/Sell Click here to change the Buy/Sell 5. Lots click here to change the lot size 6. Order Basis click here to change the type of order i.e. Limit Stop 7. Order rate The price you want to set your limit or stop 8. Pips the pip difference from current market price you want to place your limit or stop Once all the parameters are set, you can click on Submit Order and the order will be submitted. Halifax Online Notifications via Trading Platforms 39

40 GAIN CApITAL method 2: The second method requires you to put a trade via the dealing panel. This method buys or sells at market. On the main page, at the top you will see the dealing panel as shown. To put a trade on, click on the buy or sell square as shown below and the order will be placed at market. remember to set the lot size before you click on the square. in the event that you have preferences set to associated orders being placed after market, a new popup window will appear like the one in method one. You can place the order as requested (further details in extra features). Gain Capital closing trade method 1: if you want to close a trade at market, you can place a market order to reverse the trade. So if you bought, just sell at market as shown below. 40 Halifax Online Notifications via Trading Platforms

41 GAIN CApITAL closing trade method 2: The second method is for you to close the open position in the Open Positions tab, as indicated below. Gain Capital Once you are in the open positions tab, you should see the current open trade. On the far left hand, there is an arrow. Please click on this or alternatively right click on the position. it should bring up a panel like below. Click on Liquidate Current Position and the open position will be closed. Halifax Online Notifications via Trading Platforms 41

42 GAIN CApITAL creating different order types: There are many order types which you can place on this FOrExTrader system such as if Then and OCO orders. To create these orders, you will need to click on the + symbol on the top left corner, and in Order Type, select the relevant order that you wish to use. Then follow the steps in Placing Trades Method 1 and the order will be placed. Changing orders/cancelling orders: To change or to cancel an order, you will need to go to Active Orders and change or cancel the relevant order. To do so, you will need to right click on the order or left click on the arrow as shown below (to get to active orders, please go to the Additional Features section). Once you have done this, you will get a new popup as below. Gain Capital Please select the appropriate option and continue as per normal. 42 Halifax Online Notifications via Trading Platforms