Market Order Entry Window

Description
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

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.

MiFID II

New MiFID II Order Entry fields have been added to the Kodiak OMS Market Order Entry Window, more information can be seen here.

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, trading at closing price. 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 display 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
Target Value	The target value of the order, it value will never surpass the target value
Value	Shows the value of the order (quantity * price)
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.
MiFID II fields
Client Identification	A shortcode representing the client will be sent to the exchange	Auto-complete box with all clients
Investment decision within firm	A shortcode representing the user will be sent to the exchange	Auto-complete box with all Kodiak OMS users within firm
Execution decision within firm	A shortcode representing the user will be sent to the exchange	Auto-complete box with all Kodiak OMS users within firm
Order Origination	Origination of the order	None, Customer, Customer direct access, Customer or within firm, Within firm, Other broker dealer
Trading @ Closing Price	Specifies whether the order is Trading at Closing Price	Enabled, Disabled, None