Description
The Market Order Entry Window allows you to create market orders and send them to a broker (DMA/Manual) or a market (DMA).
The Market Order Entry Window allows you to create market orders and send them to a broker (DMA/Manual) or a market (DMA).
How to access
You can open the Market Order Entry Window by clicking the
"New Market Order" button in the Market Orders Toolbar, or by right clicking an instrument in a market data window, and by clicking the 
New Market Order Button in the Main Window Toolbar.
You can open the Market Order Entry Window by clicking the
"New Market Order" button in the Market Orders Toolbar, or by right clicking an instrument in a market data window, and by clicking the New Market Order Button in the Main Window Toolbar.Functionality
The Market Order Entry window is used to create market orders. To create a market order the user must select the side (B/S), enter the quantity, type in the instrument he wants to trade, the price, order type, visible quantity, TIF, broker and handling instructions.
Once the user has entered all the necessary details the "Enter" button will be enabled and the user can send the order to the market through the the selected broker.
Screenshots
Figure: Market Order Entry - Basic View
Figure: Market Order Entry - Advanced View
Figure: Market Order Entry - Advanced View
Fields in the Market Order Entry Window
| Field | Description | |
|---|---|---|
| B/S | Buy or Sell order | |
| Quantity | The Quantity being bought or sold | |
| Instrument | The symbol/company | Autocomplete text box. Type in the first letters and the system will suggest from available instruments. |
| Price | Price - used to specify a limit price for the order. For pegged orders, the price field can be used to specify a Cap Price. | |
| Order Type | Order Type | Limit, Market, LOO, LOC, MOP, MOC, IOOC, IOOP |
| Visible Quantity | Usually called iceberg order. The quantity that will be displayed on the market. | |
| Hidden | Makes the order hidden. This only works for orders with large quantity. | |
| TIF | Time In Force | Day, FOK, IOC, GTC, GTT |
| Date | Used when GTT is used in the TIF | |
| Broker | The broker that the order will be sent to. | |
| Handling | How the broker will handle the order. | DMA, Manual. |
| Client Reference | Free text field used by the trader. Can not use special characters because of limitations in the FIX protocol. | |
| Order Reference | Free text field used by the trader. Can not use special characters because of limitations in the FIX protocol. | |
| Capacity | On whose behalf the order is submitted? | Client, Own Account, Market Maker, Issuer Holding, Issue Price Stabilizing, Riskless |
| Routing | Order routing strategy provided by the exchange | |
| Peg Type | Peg Type | |
| Peg Diff | Peg difference in number of tick steps | |
| Clearing Firm | Free text field used to specify the give-up firm. | |
| Clearing Account | Free text field used to specify an account to the clearing house | |
| Simple/ Advanced | Button used to display the simple or advanced fields. | |
| Clear | Clears all the input boxes | |
| Enter | Enters or sends the order to the market. |