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Download User Guide - Berkeley Futures Limited

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Trading With J-Trader<br />

Field, etc<br />

Lots<br />

Enter or Select<br />

dropdown selection list, using the Accounts tab (page 25).<br />

Select or type the number of lots to trade.<br />

5 To trade, click any of the following:<br />

You can set a default number of lots per exchange, instrument and contract, using the<br />

Settings screen, Contract tab (page 20).<br />

Clicking here<br />

Contract<br />

Does this<br />

Double-clicking on the Contract column calls up the DOM screen (page 32), from<br />

where you can view the current depth of market, and enter orders. The screen displays<br />

all bids and offers in the market in real time, with the best ones at the top of each list.<br />

Tip: The DOM screen is a quick and convenient way to view depth of market. For<br />

trading, however, the Patsystems Reflector screen, accessed by clicking Reflector,<br />

offers more features.<br />

Bid<br />

Offer<br />

Bid Vol<br />

Offer Vol<br />

Last<br />

Creates limit orders.<br />

If General tab (page 14) Disable Tick Bar is unticked, you get a tick bar for selecting<br />

different bids/offers.<br />

Creates an order whose type (market or limit) and volume (in the grid, or in the Lots<br />

field) depend on which of the –Clicking on Size - Action— radio buttons you selected in<br />

the Trading tab (page 16).<br />

(Information only)<br />

Shows you the 20 most recently traded prices, where Last + O is the last-traded price,<br />

Last + 1 the last-but-one traded price, etc.<br />

For MELs only, clicking in the Last cell gives a screen for calculating the price.<br />

Reflector<br />

Trade<br />

Calls up a Patsystems Reflector screen, from where you can view depth of market,<br />

join bids and offers, and take offers and hit bids.<br />

Opens a trade ticket. From the Ticket > button on the trade ticket you can select: Basis,<br />

Block, Against Actual, OCO and Cross trade types.<br />

Note the following two buttons:<br />

Block, Basis and AA are available only if the selected contract supports these trade<br />

types.<br />

<br />

Subscriber Depth opens a screen that breaks market depth into individual order volumes.<br />

<br />

At Best (Sydney <strong>Futures</strong> Exchange only) opens a screen showing, for the best price, where<br />

volumes are in the queue. Implied prices are shown with an asterisk.<br />

6 To pull orders (ie, withdraw them from the exchange), you can use the following buttons:<br />

<br />

<br />

^ Pull pulls bids only, offers only, or all the bids and offers for the selected contract.<br />

Pull All pulls all bids and offers for contracts in this trader account (Account field).<br />

In the Status screen, pulled orders move from the ‘working’ part of the screen to the ‘completed’<br />

part.<br />

© Patsystems Ltd 31/05/2011 15:19:00 31

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