Market Maker Control
This control is an add-on for the Kodiak OMS Client. Contact help@kodi.is for further details.
The Market Maker Control helps market makers to manage multiple orders in the same orderbook. The control was designed to divide position of market makers to more orders than is possible in the Price Quote Control. This allows the market makers to have a higher volume weighted average spread and a lower position exposure at lower effective spread.
Order configurations and actions
Bid/Ask Min (Yellow): Changes the minimum volume of all of your orders
Bid/Ask Grad (Green): Changes the slope (gradient) of your orders
Price (Red): Changes mid price and the spread of your orders
Get Last (Button): Gets the last sent order configuration
Save Current (Button): Saves the current configuration as the last sent order configuration.
Settings (Button): Opens the settings for this instrument.
Send (Green button): Sends all the desire orders (green and red markers on the chart) to the market.
Abort (Red button): Cancels all the private orders (orange markers on the chart) for the selected instrument.
Chart
Green line: Bid Desire orders cumulative quantity
Red line: Ask Desire orders cumulative quantity
Green markers: Bid Desire orders, the buy orders that will be sent to the market
Red markers: Ask Desire orders, the sell orders that will be sent to the market
Orange markets: Your private orders on the orderbook.
Blue lines: Ask/Bid Market order cumulative quantity based on desire orders.
Green/Red Vertical dashed line: Indicates where the volume weighted average price of all your orders is.
Orange lines/border: Your private data orders cumulative quantity, is only shown if there have been changes to your private data orders (execution) or when you change the configuration.
Dark gray background: Fat fingers warning you desire orders will be executed if sent to the market
Grid and Chart highlighting
No highlight: No private orders on the orderbook | |
Light Blue: Orders have been sent and are live on the market | |
Green: The orders are being sent to the market | |
Orange: The orders have changed since you last sent the orders to the market, possible execution on your orders. | |
Steel blue: The settings have been edited since you last sent the orders to the market. | |
Red: Error sending orders to the market or fat fingers warning where your orders will be executed if you send them to the market. Hover the mouse over the row to see the error message. |
Settings per instrument | |
|---|---|
Mid price | The mid price from where your orders are calculated from |
Price tick | The price difference between orders |
Use total volume | Whether to use volume or value in total buy/sell amounts and grain size |
Use grain size | Whether to use grain size when calculating orders |
Total buy volume/value | Total buy volume or value on all orders for instrument |
Total sell volume/value | Total sell volume or value on all orders for instrument |
Grain size volume/value | Grain size volume or value used when calculating orders |
Chart Range | + / - Chart range from mid price |
Default settings for control | |
|---|---|
Use grain size default setting | Sets the default value for “Use grain size” when adding new instruments |
Use total volume default setting | Sets the default value for “Use total volume” when adding new instruments |
Default chart range from mid price | Sets the default value for “Chart Range” when adding new instruments |
Capacity | Sets the default capacity on orders sent from the control |
Shortcode settings | Sets the default shortcodes sent when sending orders from the control |
Toolbar | ||
|---|---|---|
Add | Add new instrument to the control | |
Send all | Send orders for all instruments in list | |
Get last for all | Get last sent setting for all instruments | |
Cancel all | Cancel all orders for all instruments in list | |
Recenter chart | Recenter the chart to current mid price | |
Settings | Opens default settings for the market maker control | |
Examples
Above is an example of how the control would look like if the your best ask order would be fully executed
Above is an example of the dark gray background that appears if your desire orders will be executed when you send them to the market.