Download User Guide - Berkeley Futures Limited

Trading With J-Trader
Field, etc.
Implied Prices
Account
Lots
Price Width (chars)
Default
Enter or select
Switch on if you want implied prices to be calculated, or switch off if you want to see
real prices only. Implied prices are shown with an asterisk ( * ).
The LIFFE CONNECT Trading Host calculates:
Implied IN prices, which are strategy prices based on current explicit orders in the
market.
Implied OUT prices, which are the implied individual futures leg prices from
explicit strategy orders. These prices are distributed only if they equal or improve
upon orders currently in the market.
For FX, this switch doesn’t do anything, because it’s physically impossible to have
implied prices for spot trades.
Trader account you want to use (assuming that you have more than one account to
choose from). For FX, you cannot use an account used for futures (and vice versa).
Tip: Using the Accounts tab, you can set a default account, and control which
accounts are listed in the dropdown selection list. See Setting Default Accounts (page
25).
Select or type the number of lots to trade.
Tip: You can set a default number of lots per exchange, instrument and contract, using
the Settings screen, Contract tab, Default Quantity sub-tab.
Width of the cells in the display. To change this value, ensure that Default (see below)
is unticked.
Tick to reset Price Width (chars) to the default.
5 Once you have set the number of Lots, you can trade the outright in the grey squares (left) and
trade the spread in the white squares at the heart of the matrix. The prices and volumes are
arranged as follows, with implied prices shown with an asterisk ( * ):
Bid price Offer price Last-traded price
Bid volume Offer volume Last-traded volume
For example:
Contract month
You enter limit and market orders as on the Hot Quotes screen, namely:
Method
Tick bar
Explanation
Enter limit orders by hovering the mouse pointer over the bid (or offer) price, and
selecting a price from the tick bar.
Click on a volume Enter market orders by clicking a bid (or offer) volume.
DOM
Clicking the last-traded volume, or the contract month, calls up a DOM Screen (page
32).
Trade Enter a trade using a trade ticket (page 40) or create an FX trade (page 44).
You can also see the price history (last 20 trades) for this contract, by clicking the last-traded price.
The price history is automatically updated as new trades are entered.
© Patsystems Ltd 31/05/2011 15:19:00 47