Download User Guide - Berkeley Futures Limited

Trading With J-Trader
Field, etc.
Account
Bid:
Offer:
Status:
Enter or select
Date up to which the order is good, unless cancelled or filled. This is an inclusive date:
i.e. 30/12/04 means ‘up to and including 30/12/04’.
Account onto which you want to place the order (defaults to the account selected for
the Account field in the Hot Quotes screen).
Current bid price, and current offer price, for this contract. You can select either of
these prices by clicking on them: the price then appears in the Price field.
Note: Unlike their counterparts in a standard trade ticket, (page 40) these fields are
refreshed in real time (with a standard ticket, the prices shown are a snapshot of the
price when you opened the ticket).
Whether the exchange considers the market to be Normal or Fast (see next step).
You can also see the status in the Hot Quotes screen, if the Contract Status column has
been selected. To select a column, right-click in the grid area and pick Select
Columns... from the pop-up menu.
Time:
(Only when Status = Fast)
A ‘stopwatch’ showing how long J-Trader has had the price. See the next step for
more information.
6 Do you want to place a buy order, place a sell order, or request a quote?
To do this
Buy
Sell
Follow these steps
Request a quote 1 Click RFQ.
If the button with blue text is labelled Buy, click the button. Your order is immediately
submitted. It is labelled Request Offer, the exchange considers the market to be ‘fast’
(Status = Fast). This means that the prices are changing so fast that you have to request
a price to guarantee getting it:
1 Click Request Offer to receive a dealing price.
2 If the exchange responds to the request, the Time: field becomes a
‘stopwatch’ showing how long J-Trader has had the price.
3 Hit the price displayed in the Bid: or Offer: fields within 5-10 seconds. Any
longer and you will need to re-request a price.
Same as buy (see previous row), except you use the red button labelled either Sell or
Request Bid.
2 If this button is greyed out, the exchange doesn’t support RFQs for FX
trades.
3 Prices appear in the Bid: and Offer: fields. You have 5-10 seconds (indicated
in the Time: field) to select them. Any longer and you will have to send
another RFQ.
Trading Eurodollar Contracts
To trade Eurodollar contracts:
1 In Hot Quotes, click Add (lower-left corner of the screen), then double-click the required
Eurodollar contracts.
2 Click to highlight the Eurodollar contract to trade.
© Patsystems Ltd 31/05/2011 15:19:00 45