Download User Guide - Berkeley Futures Limited
Download User Guide - Berkeley Futures Limited
Download User Guide - Berkeley Futures Limited
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Glossary<br />
Screen from which you can check the status and progress of working, filled and completed orders.<br />
against actuals trade<br />
Trade that enables physical market participants to exchange futures contracts outside of the central<br />
order-book, in order to price directly related physical contracts. Also known as exchange-for-physicals<br />
(EFPs). See Entering ‘Against Actuals’ Trades.<br />
alert<br />
Collective name for pop-up messages and sounds, alerting you that something has happened. In the<br />
Settings screen, you can turn alerts on and off using the General tab (page 14), and set sounds for<br />
alerts using the Sounds tab (page 18).<br />
AlgoServer<br />
Old name for SyOMS Pro.<br />
basis trade<br />
Contract that enables a trader to enter into a conditional transaction involving both a futures contract<br />
and a corresponding cash instrument. As such, they can include bond and swap futures, equity index<br />
futures and Short Term Interest Rate (STIR) futures contracts. Many different cash instruments are<br />
available to form the cash leg of basis trades. See Entering Basis Trades.<br />
block trade<br />
Trade involving many securities at once. Usually, only institutional investors undertake such large<br />
trades, and block trading is restricted to certain Pro-Mark user roles. Block-trade orders must include a<br />
buy side, a sell side, a trade price and a volume.See Entering Block Trades.<br />
cross trade<br />
Simultaneous submission to the exchange of a buy order and a sell order, at the same price and volume<br />
as each other. Cross trades can be between a trader and a market maker, or between two traders.<br />
desktop<br />
‘Desktops’ are sets of windows and instrument selections that you can switch between and configure<br />
independently of each other. For example, you could have different desktops for trading bonds and<br />
trading STIRs.<br />
dime<br />
Create the new best bid or offer, namely submit an order one tick higher than the current best bid, or<br />
one tick lower than the current best offer.<br />
EFP (Exchange For Physical)<br />
Another name for an against actuals trade.<br />
© Patsystems Ltd 31/05/2011 15:19:00 75
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