Download User Guide - Berkeley Futures Limited

Trading With J-Trader
Trade type
Basis
Against Actual
4 Fill in the remaining fields:
Field, etc.
Lots
Price
Limit Price
Good Till Date
Explanation / extra fields
ISIN Code: ISIN reference code for the cash leg of the trade.
Cash Price: Price of the deal.
Methodology: Character identifier that represents the hedge ratio methodology code
of the cash leg.
ReferenceNo: Free-form text used to assist with any auditing by the exchange.
Bid User: Freeform text for identifying the bid counterparty.
Offer User: Freeform text for identifying the offer counterparty.
Enter or select
Number of lots (default = number selected in the Hot Quotes Lots field).
You can also use the number pad to select the volume. The lots buttons are
configurable: see Contract tab (page 20).
Price at which the order is to be submitted. To enter the price, you can:
Type in the price.
Select the price from the tick-bar that appears when you place the cursor over the
field.
Click the Bid, Offer or Last price in the bottom-right of the trade ticket.
(Only available when Order Type = StopLimit)
Price beyond which buying or selling will stop.
(Only if Order Type = GTD Limit)
Date up to which the order is executable, unless cancelled or filled. This is an
inclusive date (up to and including the date specified).
Account
Reference
Time
Priority
Requirement
Option Premium
Open
Close
Account on which the order is placed (defaults to the account selected for the Account
field in the Hot Quotes screen).
Any message about the order you want, e.g. a reference number or a message for the
back office.
The message lasts throughout the lifetime of the order, is visible to other traders in the
same group, and appears in the Status screen from where you can edit it.
Date and time that a triggered order is to be triggered (Time) and the priority with
which it is to be submitted (Priority). See Trading Synthetic and Timed Orders (page
42).
(Options only)
Margin requirement for the option, i.e. the amount of money required from the
account to execute the trade. It is calculated as Option Premium multiplied by the
number of lots being traded.
(Options only)
Cost of the option.
Whether this trade is opening or closing a position: the regulations of some exchanges
require you to specify this.
For example, if you are entering a trade to shorten an existing position, you select
Close so that the exchange doesn’t consider this a separate short position in the same
© Patsystems Ltd 31/05/2011 15:19:00 41