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

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

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

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.