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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
Advanced
Check in the "Advanced" checkbox and the window expands. In the advanced section you can fill out:
Capacity, routing, peg type, peg diff, clearing firm, clearing account. You can also specify Self Trade Protection settings for the order.
Figure: Market Order Entry - Advanced View
Capacity, routing, peg type, peg diff, clearing firm, clearing account. You can also specify Self Trade Protection settings for the order.
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 | |
| Symbol | 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 | 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. | |
| Display Range | The dispaly range for a given order | The display range is used for iceberg orders. The visible market quantity will be a random number not to exceed the display range. |
| TIF | Time In Force | Day, FOK, IOC, GTC, GTT |
| Time | Good till time | Only visible when TIF = GTT |
| Min Quantity | Minimum quantity for the order to be filled | |
| Broker | The broker that the order will be sent to. | |
| Handling | How the broker will handle the order. | DMA, Manual. |
| Nordic@Mid | Specifies whether the order is a Nordic@Mid order. | Nordic@Mid orders do not appear in Market Data. They only appear in your Market Orders view. |
| 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. | |
| Advanced | Check to display advanced fields. | |
| 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 | |
| STP Level | The STP Level for this order. | See Self Trade Protection (STP) |
| Trader Group | A 2 character value designating the trader group | See Self Trade Protection (STP) |
| STP Action | What action should be taken | See Self Trade Protection (STP) |
| 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 | |
| Clear | Clears all the input boxes | |
| Add to List | Adds the order to the Pending Orders Window | |
| Enter | Enters or sends the order to the market. |