J-TRADER QUICK START USERGUIDE For Version 8.0

Transcription

1 J-TRADER QUICK START USERGUIDE For Version 8.0 Notice Whilst every effort has been made to ensure that the information given in the J Trader Quick Start User Guide is accurate, no legal responsibility is accepted for any errors, omissions or statements. The information set out in this quick guide is provided at your sole risk and ICDX shall have no liability to you in the event that you suffer any loss, whether in contract, tort or negligence, either directly or indirectly, arising out of this guide or the information contained herein.

2 CONTENTS 1. ABOUT THIS GUIDE INSTALLING THE TRADING PLATFORM LOGGING IN CHANGING YOUR PASSWORD THE TRADING PLATFORM WINDOWS HOW TO ADD A CONTRACT 9 7. HOW TO PLACE A TRADE OR A WORKING ORDER HOW TO PLACE ORDERS BEFORE MARKET OPENS HOW TO CANCEL OR AMEND A TRADE OR A WORKING ORDER HOW TO VIEW YOUR POSITIONS HOW TO CHANGE SYSTEM SETTINGS HOW TO RETREIVE TRADE AND ORDER HISTORY

3 1. ABOUT THIS GUIDE This user guide explains how to use version 8.0 of J-Trader. It assumes that you have been given a user login identification (ID) and password, that you are familiar with Microsoft OS platforms and derivatives trading. You can get context-sensitive online help from any screen, by either pressing F1 or clicking (right corner of the screen). There is a glossary to help you with unfamiliar terms, and a comprehensive index after the glossary. If you have any questions or queries regarding the use of the system, please us at: mcc@icdexchange.com (for trading issues) it@icdexchange.com (for IT issues) 3

4 2. INSTALLING THE TRADING PLATFORM Note: In order to successfully download the software, these minimum system requirements for J-Trader are necessary: Processor: 1.5GHz or equivalent. Pentium 3 or equivalent. Hard disk: 50Mb of free HDD space RAM: 1GB Operating system: Windows XP, NT4 or Note: The recommended OS is Windows XP, but Vista is supported as well. Browser: Internet Explorer 5.5 or 6.0 SUN JVM: 1.4.2_11 or later (To download the latest Java, please click here: A zip file with the J trader application will be sent to you. If you do not receive the zip file, please it@icdexchange.com. Extract all the files and save it in a folder under program files in your computer Click into the folder and find this file called ICDX. 4

5 Right click on the file and select Create shortcut. The ICDX.exe shortcut will be created in the same folder. Click and drag the shortcut into your desktop. The icon will look like this. Please see section 3 on logging in which will guide you on how to log into the trading platform to start trading. 5

6 3. LOGGING IN After downloading the software, the J-trader icon will appear on your desktop. To log in, double click on the icon. Enter the username and password that has been provided to you. Click on Settings and ensure that these IP addresses have been entered in the Network Settings Window. Click on Add and type in the Host IP Address, Price proxy IP Address and the Ports reflected in the diagram below. 6

7 4. CHANGING YOUR PASSWORD To change your password, click on the icon beside the password Change Password window will appear. field and the Enter your old password and your new password twice to change your password and click on ok to confirm. 5. THE TRADING PLATFORM WINDOWS When you have successfully logged on to J-trader, the system will automatically open 3 different windows the main trading window, the connectivity status window and the message window. The Main Trading Window. 7

8 This Main Trading window contains various functions and this table below describes each of the following function: Fields Description About Provides the system s installation information, such as version & build number Settings Provides the function to configure alerts, mouse behavior, default order types, fat finger limits, and more Exit Log off button. Host Indicates the connection status of the host where: Price feed Green = connected Yellow = connecting Grey = disconnected Links Opens links to customer defined websites. Tools Provides the function to edit display orders in a ticker style layout, creating calculating strategies, listings orders, & submitting multiple orders, etc. New Opens the Main Trading Window. Tile Horizontal Aligns windows horizontally Tile vertical Aligns windows vertically Minimize all Iconises all open windows The Connectivity Status Window. This window displays your server connections. The Message Window. This window Screen displays your connection messages, alerts and request for quotes (RFQs). 8

9 6. HOW TO ADD A CONTRACT Step 1 On the main trading window, click on the icon New Step 2 Click on Add Step 3 Click on the plus sign. 9

10 Step 4 Click on the + sign till you see the contract name Step 5 Click on the + sign once more to display the contract months Step 6 To add the contract, double click on the month Step 7 The contract will appear on the Hot Quotes tab. To add the rest of the month repeat Step 2 to Step 6. If you wish to add a few or contract months simultaneously, highlight the contract you wish to add and double click. All the contracts will appear on the Hot Quotes tab. 10

11 7. HOW TO PLACE A TRADE OR A WORKING ORDER There are two ways in which you can place a trade. The first way is to use a trade ticket. To bring up a trade ticket, click on the contract in which you wish to place a trade and click on Trade in the Hot Quotes tab. To place a trade: Select the Exchange, Commodity, Contract date and Order type field in which you wish to place the trade in. Key in the quantity under Lots Key in the trade price under Price Click on Buy or if you wish to sell, click on Change to Sell and click on Sell If you wish to place an order before the market opens, click on Creative Inactive. Once the market opens, you will need to activate the order from the Positions tab. Please refer to Section 8 on how to place orders before market opens. 11

12 More columns can be added in the Hot quotes tab. To add more columns, right click on the Main Heading and select the Select Columns option. Select the column by ticking the box and click ok. The second way in which you can place a trade is to use the reflector. The reflector is a price ladder screen from which you can trade the full depth of market for a contract, including inside prices (price without volume that are between the bid and offer) to trade with reflector. It is best to use the reflector to place the trade after the market opens. To bring up the reflector, click on the contract in which you wish to place a trade and click on Reflector in the Hot Quotes tab. 12

13 If you wish to buy the offer or sell the bid, click on buy mkt or sell mkt Enter the number of lots Offer Prices If you wish to place 2 lots at the offer at the price of , click on the pink area. Offer Quantity Bid Quantity Bid Prices If you wish to place 2 lots on the bid at the price of , click on the blue area. 13

14 8. HOW TO PLACE ORDERS BEFORE MARKET OPENS To place an order before market opens, use the trade ticket. To open a trade ticket, click on trade in the Hot Quotes window. Enter the number of lots and the order price and tick Creative inactive. Next, click on Buy (or change to sell if you wish to sell) to submit your order. 14

15 Next, go to the Status tab, the inactive order that was created will be listed in the panel with an I status. When market opens, select the order and click on activate. Your order will be sent into the market and it will be reflected in the reflector. 9. HOW TO CANCEL OR AMEND A TRADE OR A WORKING ORDER You can cancel trades or working orders in two ways. The first way is through the use of the Status tab. The status tab shows you the status of all your trades and order, whether they are working, filled or rejected. First, click on the Status tab. Your working orders will be displayed on the top section of the window. 15

16 To cancel a particular order, select the order and click on Pull Order. To amend a trade, click on Amend. A trade ticket will appear and you can make amendments to the lot size and order price. Click on Buy (or Sell - for a sell order) to confirm the amendment. 16

17 The other way to cancel an order is to use the reflector. This symbol indicates that the order belongs to you. To cancel the order, click on the symbol. 10. HOW TO VIEW YOUR POSITIONS To view your positions, click on the Positions tab. 17

18 More columns can be added in the positions tab. To add more columns, right click on the Main Heading and select the Select Columns option. Select the column by ticking the box and click ok. Below is a table that provides the explanation of what each column displays on the Positions tab. Net Position Buys Sells Average Price Buy Average Price Sell Average Price Open P/L Cumulative P/L Total P/L Commission Displays your net position. eg, +20 for 20 lots long and -10 for 10 lots short. Displays the number of lots bought. Displays the number of lots sold. Displays the weighted average price of your position. At the start of the day, the average price will display the previous day s settlement price. Displays the weighted average price of your long position. At the start of the day, the average price will display the previous day s settlement price. Displays the weighted average price of your short position. At the start of the day, the average price will display the previous day s settlement price. Displays the mark to market profit/loss of your position. Profit/Losses are calculated with average price against the last trade price. If there is no last-traded price, the net position is against today s settlement price (or, failing that, yesterday s settlement price) Displays the closed position profit/loss. Displays the sum of open P/L and cumulative P/L Displays the total commission that is paid for the contract. Commission 18

19 rate x number of lots. Currency Displays the currency of the contract that is traded. Margin Per lot Displays the margin that is required per lot % P/L Burn Rate Displays the Ratio of P&L to start-of-day net liquidity value Buying Power Remaining Cash Buying Power Remaining Net Position Change On Day Margin Paid Equity Displays the (SODNLV +/- P&L) less position margin required, expressed as a percentage Displays the (SODNLV +/- P&L) less position margin required, expressed as an actual amount Displays the difference between start-of-day position and current net position. Displays the total margin utilized for the particular contract. Including working order margins. Displays the start-of-day net liquidity value add or less profit/losses 11. HOW TO CHANGE SYSTEM SETTINGS The Settings menu allows you to change or adjust the settings according to your preference. You can make changes to sounds, alerts, trade ticket settings, etc. Click on the settings button to bring up the settings window. In the Settings window, there are 6 tabs namely Display, General, Trading, Sounds, Contract and reflector. Each of these tabs allow you to edit settings to the various functions within the system. Below is the table that displays the various types of settings you can make in the window. 19

20 Fields Explanation Display tab Edit colors for price change Edit the font type Display of fractions/decimals Which screens you want to appear in front of the other. General tab Properties of alerts Settings effecting the tick bar A checkbox for forcing messages to appear in front of other screens and dialog boxes Checkboxes for controlling which kinds of log you want created Shortcut keys, namely keys on your keyboard you assign to commonly performed tasks: eg, pressing F3 for the instrument tree. Trading tab Trades & how you enter them Show and hide trade confirmation alerts Sound tab Play or mute sound alerts Contract tab Properties (such as default contract type) for exchanges, instruments & quoted instruments Reflector tab Edit settings to the reflector Once you have made the changes, click on ok to confirm. 12. HOW TO RETREIVE TRADE AND ORDER HISTORY Go to the status tab which will show all your working and filled orders and trade. 20

21 If you wish to retrieve your working orders, select your working orders and click on Export (for txt format file) or CSV export (for csv format file). Save a copy of your report in your computer. You will be able to open your CSV file in excel spreadsheet. 21