throbber
CLAIM 1
`
`1. A method for
`displaying market
`information relating to
`and facilitating trading of
`a commodity being traded
`in an electronic exchange
`
`TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,766,304
`TRADESTATION’S MATRIX
`WINDOW
`TradeStation’s Matrix window
`connects to and displays market
`information from electronic
`exchanges, (e.g., eCBOT, CME-
`Globex, Euronext LIFFE, Eurex,
`Eurex US, CME iTOPS and
`NYMEX) so that users may place
`a trade order for a commodity
`(e.g., fuures, etc.). See Figure 1
`(“TradeStation’s MATRIX
`window combines the benefits of
`the market depth window, a
`highly advanced order entry tool,
`and an order tracking system, all
`in one window.”).
`
`TT’S MD TRADER®
`WINDOW
`Trading Technologies, Inc.’s
`(“TT”) MD Trader® window
`(“MD Trader window”) displays
`market information for
`commodities (e.g., futures, etc.)
`traded on an electronic exchange
`(e.g., eCBOT, CME-Globex,
`Euronext LIFFE, Eurex, Eurex
`US, CME iTOPS and NYMEX).
`See Figure 1; Ex. 1,
`X_TRADER® Version 7.12.X
`User Manual, p. 329 (“MD
`Trader dynamically displays the
`market depth for a product.”).
`
`INTERACTIVE BROKER’S
`BOOKTRADER WINDOW
`IBG’s BookTrader Window
`(“BookTrader”) connects to and
`displays market information from
`electronic exchanges so that users
`may place a trade order for a
`commodity (futures, etc.) in the
`BookTrader window. See Figure
`1.
`
`
`
`
`1
`
`Page 1 of 121
`
`TRADING TECH EXHIBIT 2233
`TRADESTATION v. TRADING TECH
` CBM2015-00161
`
`

`
`CLAIM 1
`
`having an inside market
`with a highest bid price
`and a lowest ask price
`
`on a graphical user
`interface, the method
`comprising:
`
`TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,766,304
`TRADESTATION’S MATRIX
`WINDOW
`The commodity being traded has
`an inside market with a highest
`bid price and a lowest ask price.
`In Figure 4, TradeStation’s
`Matrix window displays the
`inside market with a highest bid
`price and a lowest ask price
`(“53.85” and “53.86”
`respectively). See Figure 4.
`
`TT’S MD TRADER®
`WINDOW
`The commodity being traded has
`an inside market with a highest
`bid price and a lowest ask price.
`In Figure 1, the MD Trader
`window displays the inside
`market with a highest bid price
`(e.g., 129195) and a lowest ask
`price (e.g., 129200). See Figure 1;
`Ex. 1, X_TRADER® Version
`7.12.X User Manual, p. 376 (“To
`make it easier to identify the mid-
`point of the inside market, MD
`Trader places a bold line across
`the width of its grid. The mid-
`point line appears midway
`between the best bid and the best
`offer in the market.”).
`The MD Trader window uses a
`graphical user interface which
`may be displayed on a computer
`monitor. See Figure 1.
`
`INTERACTIVE BROKER’S
`BOOKTRADER WINDOW
`The commodity being traded has
`an inside market with a highest
`bid price (e.g., 84.67 as shown in
`Figure 1) and a lowest ask price
`(e.g., 84.68 as shown in Figure
`1).
`
`The Matrix window provides a
`graphical user interface; the
`graphical user interface may be
`displayed on a computer monitor.
`See Figure 1.
`
`BookTrader provides a graphical
`user interface; the graphical user
`interface may be displayed on a
`computer monitor. See Figure 1.
`
`
`
`
`2
`
`Page 2 of 121
`
`

`
`TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,766,304
`TRADESTATION’S MATRIX
`WINDOW
`The bid display region is shown
`in the Bid Size column in Figure
`4. A first indicator (e.g., “32552”
`at the price level of “53.85”) is
`dynamically displayed in one of a
`plurality of locations in the bid
`display region. See Figure 4. The
`first indicator is updated to reflect
`new market information.
`
`INTERACTIVE BROKER’S
`BOOKTRADER WINDOW
`BookTrader displays a first
`indicator (e.g., the highest “Bid
`Size” indicator—330 in Figure 1)
`in one of a plurality of locations
`in a bid display region (e.g.,
`yellow cells in Figure 1). The
`first indicator is displayed
`dynamically, e.g., it is updated to
`reflect new market information.
`
`
`The Matrix window displays each
`location in the bid display region
`corresponding to a price level
`along a common static price axis
`(e.g., “Price” column). See
`Figure 4.
`
` The Matrix window displays
`each location in the bid display
`region corresponding to a price
`level along a common static price
`axis (e.g., “Price” column). See
`Figure 1.
`
`CLAIM 1
`
`dynamically displaying a
`first indicator in one of a
`plurality of locations in a
`bid display region,
`
`each location in the bid
`display region
`corresponding to a price
`level along a common
`static price axis,
`
`
`
`TT’S MD TRADER®
`WINDOW
`The MD Trader window
`dynamically displays a first
`indicator in one of a plurality of
`locations (e.g., 2262, 3586, 3336,
`etc.) in a bid display region (e.g.,
`“Bids” Column). with a plurality
`of graphical locations that each
`correspond to a different price
`level along a price axis. The
`labels of the price levels of the
`price axis are displayed in the
`Price column. See Figure 1.
`The MD Trader window displays
`each location in the bid display
`region (e.g., 2262, 3586, 3336,
`etc.) corresponding to a price
`level (e.g., 129195, 129190,
`129185, etc.) along a common
`static price axis (e.g., “Price”
`column). See Figure 1; Ex. 1,
`X_TRADER® Version 7.12.X
`User Manual, p. 338 (“Click the
`ladder next to the price at which
`you want to place an order.”)
`
`
`
`3
`
`Page 3 of 121
`
`

`
`CLAIM 1
`
`the first indicator
`representing quantity
`associated with at least
`one order to buy the
`commodity at the highest
`bid price currently
`available in the market;
`
`TT’S MD TRADER®
`WINDOW
`The MD Trader window displays
`the first indicator representing
`quantity associated with at least
`one order (e.g., 2262) to buy the
`commodity at the highest bid
`price (e.g., 129195) currently
`available in the market. See
`Figure 1.
`
`TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,766,304
`TRADESTATION’S MATRIX
`WINDOW
`The first indicator represents a
`quantity associated with at least
`one order to buy the commodity
`at the highest bid price currently
`available. For example, the first
`indicator of “32552” represents a
`quantity of 32552 offers to buy,
`coming from at least one order, at
`the highest bid price level of
`53.85. See Figure 4.
`
`dynamically displaying a
`second indicator in one of
`a plurality of locations in
`an ask display region,
`
`
`The MD Trader Window
`dynamically displays a second
`indicator (e.g., 3409, 3347, 3563,
`etc.) in one of a plurality of
`locations in an ask display region
`(e.g., “Asks” column). See
`Figure 1.
`
`each location in the ask
`display region
`corresponding to a price
`level along the common
`static price axis,
`
`The MD Trader Window displays
`each location in the ask display
`region (e.g., 3409, 3347, 3563,
`etc.) corresponding to a price
`level (e.g., 129245, 129240,
`129235) along the common static
`price axis (e.g., “Price” column).
`See Figure 1.
`
`The ask display region is shown
`in the Ask Size column. A
`second indicator (e.g. “19210” at
`the price level of “53.86”) is
`dynamically displayed in one of a
`plurality of locations in the ask
`display region. See Figure 4. The
`first indicator is updated to reflect
`new market information.
`
`Each location (e.g., cell) in the
`ask display region corresponds to
`a price level along the common
`static price axis. See Figure 4.
`
`INTERACTIVE BROKER’S
`BOOKTRADER WINDOW
`The first indicator represents a
`quantity associated with at least
`one order to buy the commodity
`at the highest bid price currently
`available. For example, in Figure
`1, the first indicator represents a
`quantity of 330 offers to buy,
`coming from at least one order, at
`the highest bid price level of
`84.67.
`
`BookTrader displays second
`indicator (e.g., the lowest “Ask
`Size” indicator—26 in Figure 1)
`in one of a plurality of locations
`in an ask display region (e.g.,
`green cells in Figure 1). The
`second indicator is displayed
`dynamically, e.g., it is updated to
`reflect new market information.
`
`Each location (e.g., cell) in the
`ask display region corresponds to
`a price level along a common
`static price axis. See Figure 1.
`
`
`
`
`4
`
`Page 4 of 121
`
`

`
`CLAIM 1
`
`the second indicator
`representing quantity
`associated with at least
`one order to sell the
`commodity at the lowest
`ask price currently
`available in the market;
`
`TT’S MD TRADER®
`WINDOW
`The MD Trader Window displays
`the second indicator representing
`quantity associated with at least
`one order (e.g., 1223) to sell the
`commodity at the lowest ask
`price (e.g., 129200) currently
`available in the market. See
`Figure 1.
`
`TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,766,304
`TRADESTATION’S MATRIX
`WINDOW
`The second indicator represents a
`quantity associated with at least
`one order to sell the commodity at
`a lowest ask price currently
`available. For example, the
`second indicator of “19210”
`represents a quantity of 19210
`offers to sell, coming from at least
`one order, at the lowest ask price
`level of “53.86”). See Figure 4.
`
`displaying the bid and ask
`display regions in relation
`to fixed price levels
`positioned along the
`common static price axis
`
`such that when the inside
`market changes, the price
`levels along the common
`static price axis do not
`move and
`
`The MD Trader Window displays
`the bid and ask display regions
`(e.g., “Bids” and “Asks”
`columns) in relation to fixed price
`levels positioned along the
`common static price axis (e.g.,
`“Price” column). See Figure 1.
`When data reflecting a change in
`the inside market is received, the
`static display of prices does not
`change positions based on the
`change in the inside market. See
`Figure 1.
`
`
`The bid and ask display regions
`are displayed in relation to fixed
`price levels positioned along the
`common static price axis. See
`Figure 4.
`
`When data reflecting a change in
`the inside market price is
`received, the price levels along
`the common static price axis do
`not change positions based on the
`change in the inside market. The
`first and/or second indicators,
`however, do change positions
`based on the change in the inside
`market.
`
`
`INTERACTIVE BROKER’S
`BOOKTRADER WINDOW
`The second indicator represents a
`quantity associated with at least
`one order to sell the commodity
`at the lowest ask price currently
`available. For example, in Figure
`1, the second indicator represents
`a quantity of 26 offers to sell,
`coming from at least one order, at
`the lowest ask price level of
`84.68.
`
`The bid and ask display regions
`are displayed in relation to fixed
`price levels positioned along the
`common status price axis. See
`Figure 1.
`
`
`When data reflecting a change in
`the inside market is received
`(e.g., a new highest bid price and
`lowest ask price, as shown in
`Figure 3), the price levels along
`the common static price axis do
`not move. The first and/or
`second indicators, however, do
`change positions based on the
`change in the inside market. See
`Figure 3.
`
`
`
`
`5
`
`Page 5 of 121
`
`

`
`CLAIM 1
`
`at least one of the first
`and second indicators
`moves in the bid or ask
`display regions relative to
`the common static price
`axis;
`
`displaying an order entry
`region comprising a
`plurality of locations for
`receiving commands to
`send trade orders,
`
`TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,766,304
`TRADESTATION’S MATRIX
`WINDOW
`The first and/or second indicators
`in the Matrix window change
`positions in the bid and ask
`display regions relative to the
`common static price axis.
`
`
`TT’S MD TRADER®
`WINDOW
`When data reflecting a change in
`the inside market is received, at
`least one of the first and second
`indicators change positions based
`on the change in the inside
`market. See Figure 1.
`
`The MD Trader window displays
`an order entry region (e.g., the
`blue column under “Bids” and the
`red column under “Asks”) for
`receiving commands to send
`trade orders; orders are entered
`by single clicking on a cell in the
`order entry region. See Figure 1;
`p. 377 (“MD Trader lets you buy
`or sell products using one click of
`a mouse.”).
`
`The Matrix window displays an
`order entry region that has a
`plurality of locations for receiving
`commands to send trade orders.
`The order entry region in the
`Matrix window comprises the bid
`and ask display regions. See
`Figure 1 (“With just a single click
`on any row in the Bid or Ask
`column, you’re able to
`immediately place an order.”);
`Figure 4; Ex. 2, Lesson Three
`(“Click on a Bid Size cell to place
`a buy order at the price level for
`that row. Click on an Ask Size
`cell to place a sell order at the
`price level for that row.”).
`
`INTERACTIVE BROKER’S
`BOOKTRADER WINDOW
`The first and/or second indicators
`in BookTrader change positions
`in the bid and ask display regions
`relative to the common static
`price axis. See Figure 3.
`
`BookTrader displays an order
`entry region (e.g., yellow “Bid
`Size” column and green “Ask
`Size” column, as shown in Figure
`1) that has a plurality of locations
`(e.g., cells) for receiving
`commands to send trade orders.
`See Figure 1 (“Click the Bid Size
`at a price level to transmit a BUY
`limit order at that price. Click the
`Ask Size at a price level to
`transmit a SELL limit order at
`that price.”).
`
`
`
`
`6
`
`Page 6 of 121
`
`

`
`CLAIM 1
`
`each location
`corresponding to a price
`level along the common
`static price axis; and
`
`TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,766,304
`TRADESTATION’S MATRIX
`WINDOW
`Each location in the order entry
`region corresponds to a price
`level along the common static
`price axis.
`See Figure 1; Figure 4; Ex. 2,
`Lesson Three (“Click on a Bid
`Size cell to place a buy order at
`the price level for that row. Click
`on an Ask Size cell to place a sell
`order at the price level for that
`row.”).
`
`TT’S MD TRADER®
`WINDOW
`The MD Trader window displays
`each location (e.g., the blue
`column under “Bids” and the red
`column under “Asks”)
`corresponding to a price level
`along the common static price
`axis (e.g., “Price” colum). See
`Figure 1; Ex. 1, X_TRADER®
`Version 7.12.X User Manual, p.
`338 (“Click the ladder next to the
`price at which you want to place
`an order.”);
`
`INTERACTIVE BROKER’S
`BOOKTRADER WINDOW
`Each location in the order entry
`region corresponds to a price
`level along the common static
`price axis. See Figure 1.
`
`
`
`
`7
`
`Page 7 of 121
`
`

`
`CLAIM 1
`
`in response to a selection
`of a particular location of
`the order entry region by
`a single action of a user
`input device, setting a
`plurality of parameters
`for a trade order relating
`to the commodity and
`sending the trade order to
`the electronic exchange.
`
`
`
`
`
`TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,766,304
`TRADESTATION’S MATRIX
`WINDOW
`Clicking on one of the cells in the
`order entry region sets a plurality
`of parameters for the order (e.g.,
`type of order (buy or sell), price,
`quantity) and sends the order to
`the electronic exchange. A single
`action (e.g., single or double
`click) results in an order being
`sent at a preset default quantity.
`See Figure 1 (“With just a single
`click on any row in the Bid or
`Ask column, you’re able to
`immediately place an order.”);
`Figure 4; Ex. 2, Lesson Three
`(“Click on a Bid Size cell to place
`a buy order at the price level for
`that row. Click on an Ask Size
`cell to place a sell order at the
`price level for that row.”).
`
`TT’S MD TRADER®
`WINDOW
`The MD Trader window allows a
`particular location to be selected
`(e.g., one of the cells in the order
`entry region) through a single
`action (e.g., single click) of the
`user input device with a pointer
`of the user input device
`positioned over a particular area
`to set a plurality of additional
`parameters for the trade order
`(e.g., type of order (buy or sell),
`price); this selection sends the
`trade order relating to the
`commodity to the electronic
`exchange.
`
`Any cell in the bid display region
`may be selected to enter a buy
`order; any cell in the ask display
`region may be selected to enter a
`sell order. See Figure 1; Ex. 1,
`X_TRADER® Version 7.12.X
`User Manual, p. 338 (“Click the
`ladder next to the price at which
`you want to place an order.”); p.
`377 (“MD Trader lets you buy or
`sell products using one click of a
`mouse.”).
`
`INTERACTIVE BROKER’S
`BOOKTRADER WINDOW
`In BookTrader, a selection of a
`particular location (e.g., a cell) of
`the order entry region by a single
`action of a user input device sets
`a plurality of parameters (e.g.,
`price and order type) for a trade
`order and sends the trade order to
`the electronic exchange. See Ex.
`3, IBG00003784 at p. 246
`(“Create an order at any price,
`including the best bid and ask,
`with a single click in the
`BookTrader price ladder.”); id. at
`p. 247 (“To trade with
`BookTrader, you click the Bid
`Size or Ask Size at a certain price
`level in the price ladder . . . In
`this box you have the option not
`to show the confirmation box
`again, and if you elect this option
`your orders will transmit
`instantaneously from that point
`forward.”).
`
`8
`
`Page 8 of 121
`
`

`
`TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,766,304
`FIGURE 1
` MD TRADER BOOKTRADER
`
`
`
`
`
`
`MATRIX
`
`
`
`
`9
`
`
`
`Page 9 of 121
`
`

`
`TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,766,304
`FIGURE 2A
`BOOKTRADER, November 2015
`
`
`
`FIGURE 2B
`BOOKTRADER, November 2015
`
`
`
`
`
`10
`
`
`
`
`
`Page 10 of 121
`
`

`
`TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,766,304
`FIGURE 3
`BOOKTRADER, November 2015
`
` Time 2
`
`
`
` Time 1
`
`
`
`
`
`11
`
`
`
`Page 11 of 121
`
`

`
`TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,766,304
`FIGURE 4
`
`MATRIX
`
`
`
`
`
`
`
`
`
`
`12
`
`Page 12 of 121
`
`

`
`TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,766,304
`FIGURE 5A
`
`
`
`FIGURE 5B
`
`
`
`
`
`
`
`
`13
`
`
`
`
`
`Page 13 of 121
`
`

`
`Exhibit 1
`
`
`
`Exhibit 1Exhibit 1
`
`
`
`
`
`
`
`Page 14 of 121Page 14 of 121
`
`Page 14 of 121
`
`

`
`X_TRADER®
`Version 7.12.X
`User Manual
`
` VERSION 7.X
`DOCUMENT VERSION 7.12.0.DV1 3/5/14
`
`Page 15 of 121
`
`

`
`This document and all related computer programs, example programs, and all TT source code are the exclusive
`property of Trading Technologies International, Inc. (“TT”), and are protected by licensing agreements,
`copyright law and international treaties. Unauthorized possession, reproduction, duplication, or dissemination
`of this document, or any portion of it, is illegal and may result in severe civil and criminal penalties.
`
`Unauthorized reproduction of any TT software or proprietary information may result in severe civil and criminal
`penalties, and will be prosecuted to the maximum extent possible under the law.
`
`Information in this document is subject to change without notice. Companies, names, and data used in examples
`herein are fictitious unless otherwise noted. No part of this document may be reproduced or transmitted in any
`form or by any means, electronic or mechanical, for any purpose, without the express written permission of TT.
`
`All trademarks displayed in this document are subject to the trademark rights of TT, or are used under agreement
`by TT. These trademarks include, but are not limited to, service brand names, slogans and logos and emblems
`including but not limited to: Trading Technologies®, the Trading Technologies Logo, TT™, X_TRADER®,
`X_RISK®, MD Trader®, Autospreader®, X_STUDY®, TT_TRADER®, TT CVD®, ADL®, Autotrader™, TT Trainer™,
`Back Office Bridge™, TTNET™. All other referenced companies, individuals and trademarks retain their rights. All
`trademarks are the property of their respective owners. The unauthorized use of any trademark displayed in this
`document is strictly prohibited.
`
`Copyright © 2004-2014 Trading Technologies International, Inc.
`All rights reserved.
`
`Page 16 of 121
`
`

`
`WHAT'S NEW IN 7.12.X
`WHAT'S NEW IN 7.12.5
`WHAT'S NEW IN 7.12.4
`WHAT'S NEW IN 7.12.3
`WHAT'S NEW IN 7.12.2
`AUDIT TRAIL
`MARKET WINDOW
`ORDERS AND FILLS WINDOW
`POSITION WINDOW
`WHAT'S NEW IN 7.12.1
`FLOATING ORDER ENTRY
`HOTKEYS
`WHAT'S NEW IN 7.12
`FLOATING ORDER BOOK
`ORDERS AND FILLS WINDOW
`MARKET GRID
`ORDER ENTRY
`GTC and GTDate Order Restriction
`Wholesale Orders
`Price Control Restriction
`RTD GENERATOR
`ADL™ (ALGO DESIGN LAB)
`Exporting ADL™ Values
`Setting Algo Order Color
`FEATURES REMOVED
`RELOAD ORDERS IN THE MARKET GRID
`
`ABOUT THIS MANUAL
`INTRODUCTION TO X_TRADER®
`CONVENTIONS
`KEYBOARD FORMATS
`RELATED DOCUMENTATION
`X_TRADER TRADING SYSTEM
`
`CHAPTER 1: GETTING STARTED
`
`CHAPTER 2: SETTING GUARDIAN MODE
`PRODUCTION LOGIN PROCEDURES
`RECOGNIZING ACTIVE EXCHANGES
`MARKET EXPLORER
`GUARDIAN
`X_TRADER® PRO LICENSE
`
`Table of Contents
`
`2
`
`19
`20
`21
`22
`23
`24
`24
`24
`25
`27
`28
`28
`29
`30
`31
`32
`32
`32
`32
`32
`32
`33
`33
`34
`35
`36
`
`37
`37
`37
`38
`38
`39
`
`40
`
`41
`42
`44
`44
`44
`45
`
`X_TRADER® User Manual
`
`- iii -
`
`Trading Technologies International, Inc.
`
`Page 17 of 121
`
`

`
`Table of Contents
`
`CREATING A CUSTOMER PROFILE
`USING WORKSPACES
`ENTERING AN ORDER
`ORDER MESSAGES IN THE AUDIT TRAIL
`EXITING X_TRADER
`AUTOMATICALLY START AND STOP X_TRADER
`AUTOMATIC SHUTDOWN OF X_TRADER
`FORCED LOGOFF
`RUNNING X_TRADER IN SIMULATION MODE
`SIMULATION LOGIN PROCEDURES
`TRADING IN SIMULATION MODE
`Unsupported Functionality
`Supported Order Types
`Synthetic Orders
`Supported Changes to Simulation Orders
`Market Updates
`Simulated Trading After Market Close & Custom Markets
`Matching Engine
`Strategies
`Audit Trail
`Algos
`X_STUDY
`Autospreader
`Risk Checking
`SIMULATION SETTINGS
`
`CHAPTER 3: COMMON ADMINISTRATIVE TASKS
`POPULATING WINDOWS WITH CONTRACTS
`USING THE TT MINIMIZER
`USING TABBED WINDOWS
`USING THE INSTRUMENT EXPLORER
`USING THE ALGO VARIABLES DIALOG
`FILTERING OVERVIEW
`SETTING A COLUMN FILTER
`SETTING AN ADVANCED COLUMN FILTER
`CLEARING A COLUMN FILTER
`CLEARING ALL FILTERS
`SETTING AUTO FILTERS
`EFFECTS OF FILTERS
`FORMATTING FONTS
`CHANGING THE FONT STYLE
`CHANGING GLOBAL COLORS OF WINDOWS OR TEXT
`CHANGING INDIVIDUAL COLORS OF GRIDS OR TEXT
`FORMATTING GRIDS
`SETTING THE DEFAULT VISIBLE COLUMNS
`MOVING ROWS OR COLUMNS
`HIDING ROWS OR COLUMNS
`RESTORING HIDDEN ROWS OR COLUMNS
`
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`
`- iv -
`
`X_TRADER® User Manual
`
`Trading Technologies International, Inc.
`
`Page 18 of 121
`
`

`
`CHANGING THE HEIGHTS OF ROWS OR THE WIDTHS OF COLUMNS
`FRAME COMMAND BAR OVERVIEW
`RESIZING A WINDOW GRID
`PRINTING
`
`CHAPTER 4: PROPERTIES MENU OVERVIEW
`PROPERTY TAB NAMES
`TRADING TAB
`Admin Alert Messages
`ORDER ENTRY TAB
`ORDERS TAB
`COUNTERPARTY MEMBERS DIALOG BOX FIELDS
`MANAGING COUNTERPARTY MEMBERS
`FILL TAB
`POSITIONS TAB
`AUDIT TRAIL TAB
`ALERTS TAB
`SOUNDS TAB
`Suggestions
`Contract High and Low Sounds
`Adding an Event Sound
`Changing or Removing an Event Sound
`COLOR TAB
`CHANGING GLOBAL COLORS OF WINDOWS OR TEXT
`TIME AND SALES TAB
`SPREAD MATRIX TAB
`Example: Spread Matrix Outright Price Display
`MD TRADING TAB
`Managing TradeSounds
`Hearing TradeSounds
`MD DISPLAY TAB
`MD COLOR TAB
`MD ADVANCED TAB
`QUOTE BOARD TAB
`HOTKEYS TAB
`Hotkey Restrictions
`ALERTS TAB
`PROPERTIES AUTOSPREADER TAB
`
`CHAPTER 5: CUSTOMER DEFAULTS AND ORDER DEFAULTS SETUP
`CUSTOMER DEFAULTS SETUP
`TTUS INTEGRATION WITH CUSTOMER DEFAULTS
`CUSTOMER DEFAULTS DIALOG BOX FIELD DESCRIPTIONS
`CREATING A CUSTOMER DEFAULTS PROFILE
`CHANGING A CUSTOMER DEFAULTS PROFILE
`DELETING A CUSTOMER DEFAULTS PROFILE
`USING THE SAME CUSTOMER PROFILE NAME
`SHARING YOUR CUSTOMER DEFAULTS PROFILE
`
`Table of Contents
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`X_TRADER® User Manual
`
`- v -
`
`Trading Technologies International, Inc.
`
`Page 19 of 121
`
`

`
`Table of Contents
`
`USING THE CUSTOMER LIST
`SETTING CUSTOMER DEFAULTS TO READ-ONLY
`Market-Based Customer Profiles
`ORDER DEFAULTS OVERVIEW
`ORDER DEFAULTS FIELD DESCRIPTIONS
`CREATING A TEMPLATE FROM THE ORDER PANE
`ASSIGNING AN ORDER TEMPLATE TO A CUSTOMER PROFILE
`USING ORDER TEMPLATES IN MD TRADER
`USING THE SAME ORDER TEMPLATE NAME
`COMMON USES
`
`CHAPTER 6: CONTROL PANEL OVERVIEW
`FINDING THE CONTROL PANEL
`OPENING A FUNCTIONAL WINDOW
`CHANGING THE SIZE OF THE TOOLBAR
`ADDING HIGH AND LOW ALERTS
`STARTING PLUG-INS
`WORKSPACE SETUP
`MULTIPLE WORKSPACES
`CREATING A WORKSPACE
`OPENING A WORKSPACE
`SAVING A WORKSPACE
`MANAGING A STARTUP WORKSPACE
`FIXING A WORKSPACE
`DELETING A WORKSPACE
`CONTROL PANEL ICON AND MENU DESCRIPTIONS
`THE TOOLBAR
`FILE MENU
`SETTINGS MENU
`WINDOW MENU
`HELP MENU
`
`CHAPTER 7: AUDIT TRAIL OVERVIEW
`HELD ORDERS
`FILTERS
`AUDIT TRAIL COLUMN DESCRIPTIONS
`AUDIT TRAIL CONTEXT MENU
`CUSTOMIZING EXCHANGE ANNOUNCEMENTS
`RECORDING SYNTHETIC ORDERS
`AUDIT TRAIL HISTORY
`AUDIT TRAIL MESSAGE TYPES
`ORDER MESSAGES
`EXCHANGE ANNOUNCEMENTS
`GATEWAY ALERTS
`ERROR MESSAGES
`PROPERTIES FOR THE AUDIT TRAIL WINDOW
`STORING FILES
`CONCISE AUDIT TRAIL
`
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`- vi -
`
`X_TRADER® User Manual
`
`Trading Technologies International, Inc.
`
`Page 20 of 121
`
`

`
`CHAPTER 8: MARKET EXPLORER OVERVIEW
`MARKET EXPLORER FIELD DESCRIPTIONS
`MARKET EXPLORER ADVANCED FIELD DESCRIPTIONS
`SEARCHING FOR A PRODUCT
`RENAMING CONTRACTS
`POPULATING WINDOWS WITH CONTRACTS
`
`CHAPTER 9: MARKET WINDOW OVERVIEW
`ORDER PANE OVERVIEW
`ORDER PANE FIELD DESCRIPTIONS
`ALGO ORDER PANE FIELD DESCRIPTIONS
`USING THE ORDER PANE CONTEXT MENU
`SUBMITTING AN ORDER USING THE ORDER PANE
`LAUNCHING AN OTA FROM THE ORDER PANE
`CONFIRMING YOUR ORDER
`USING THE MOUSE TO CONTROL ORDER QUANTITY AND PRICE
`CUSTOMIZING THE QUANTITY BUTTONS
`SETTING THE DEFAULT QUANTITY
`CLOSING THE ORDER PANE
`CREATING A TEMPLATE FROM THE ORDER PANE
`CONFIRMING THE STATUS OF MARKET ORDERS
`MARKET GRID PANE OVERVIEW
`Market Grid Pane Field Descriptions
`CUSTOMIZING THE VIEWABLE MARKET GRID COLUMNS
`USING THE MARKET GRID CONTEXT MENU
`ADDING SPACER ROWS
`HIGHLIGHTING IN THE MARKET GRID
`Highlighting Your Orders
`Best Price Highlighting
`VIEWING PRICE TREND INDICATORS IN THE MARKET GRID
`OPENING WHOLESALE ORDERS
`GENERATING AN RTD FORMULA
`VIEWING YOUR ESTIMATED POSITION IN QUEUE
`Market Grid
`VIEWING LIVE-ONLY CONTRACTS
`LAUNCHING AN ALGO IN THE MARKET GRID
`VIEWING MARKET DEPTH
`Adding Price Averages and Accumulations to the Market Grid
`Market Depth Color Coding
`MANAGING LINKS
`Creating Links from X_STUDY
`Creating Links from Excel
`USING FLOATING ORDER ENTRY
`Floating Order Entry Notes
`USING MULTIPLE FLOATING ORDER ENTRY WINDOWS
`PINNING YOUR FLOATING ORDER PANE
`SEEDING THE FLOATING ORDER ENTRY
`LAUNCHING VIA THE NET POSITION FIELD
`
`Table of Contents
`
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`X_TRADER® User Manual
`
`- vii -
`
`Trading Technologies International, Inc.
`
`Page 21 of 121
`
`

`
`Table of Contents
`
`LAUNCHING VIA THE LAST TRADED FIELDS
`FLOATING DEPTH WINDOW
`FLOATING DEPTH WINDOW EXAMPLES
`TRADING WITH THE ORDER BAR
`ORDER BAR FEATURES
`ORDER BAR PROCEDURES
`MODIFYING AN ORDER WITH THE ORDER BAR
`KEYBOARD TRADING WITH THE ORDER BAR
`TT Default Map
`Description
`Keyboard Trading Procedures
`CLICK TRADING OVERVIEW
`ENABLING/DISABLING CLICK TRADING
`SETTING DEFAULT PROPERTIES FOR CLICK TRADING
`USING CLICK TRADING IN THE MARKET GRID
`EUREX BLOCK ORDER OVERVIEW
`SUBMITTING A EUREX BLOCK ORDER (BUY SIDE)
`MODIFYING A EUREX BLOCK ORDER TRADE
`ACCEPTING A EUREX BLOCK OR VOLATILITY ORDER (SELL SIDE)
`MAKING A BLOCK OR VOLATILITY ORDER INQUIRY
`SETTING IMPLIEDS
`VIEWING IMPLIEDS
`IMPLIED IN
`IMPLIED OUT
`IMPLIEDS FROM IMPLIEDS
`IMPLIED QUANTITIES
`ENTERING ORDERS USING THE KEYBOARD
`KEYBOARD TRADING IN THE ORDER PANE
`FUNCTION HOTKEYS
`TT Default Map
`MAIN HOTKEYS
`TT Default Map
`CONTROLLING QUANTITY OR PRICE USING THE KEYBOARD
`RFQ OVERVIEW
`ENABLING THE RFQ FEATURE
`EDITING AND SENDING A RFQ
`TRACKING A RFQ
`DISABLING THE RFQ FEATURE
`TRADING EURODOLLAR OPTIONS
`Market Grid Changes
`Request For Quote (RFQ) Window
`Sequence of Events
`STRATEGIES OVERVIEW
`CREATED OUTRIGHTS AND X_TRADER
`SFE CUSTOM MARKET STRATEGIES
`CREATE STRATEGY FIELD DESCRIPTIONS
`CREATING A NEW STRATEGY
`POPULATING WINDOWS WITH STRATEGIES
`TRADING A SPREAD OR STRATEGY
`Trading Strategies with a Maximum Limits
`
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`
`- viii -
`
`X_TRADER® User Manual
`
`Trading Technologies International, Inc.
`
`Page 22 of 121
`
`

`
`RECREATING A STRATEGY
`AMENDING A STRATEGY
`RENAMING AN EXISTING STRATEGY
`DELETING AN EXISTING STRATEGY
`USING THE CREATE STRATEGY CONTEXT MENU
`
`CHAPTER 10: MD TRADER® OVERVIEW
`MD TRADER FIELD DESCRIPTIONS
`MD TRADER FEATURES
`POPULATING MD TRADER
`SUBMITTING AND ORDER IN MD TRADER
`LAUNCHING AN ALGO IN MD TRADER
`CONFIRMING AN ORDER IN MD TRADER
`USING THE MD TRADER CONTEXT MENU
`USING MD TRADER
`RECOGNIZING AVERAGE PRICE OF OPEN POSITION
`CENTERING THE MARKET
`CHANGING ORDER QUANTITY USING A MOUSE
`READING WORKING COLUMN ABBREVIATIONS
`CHANGING WORKING ORDERS
`DELETING ORDERS
`READING THE NET CHANGE INDICATOR IN MD TRADER
`SELECTING A CUSTOMER PROFILE IN MD TRADER
`SETTING THE DEFAULT QUANTITY
`SETTING THE TRADE QUANTITY
`SETTING THE MAXIMUM TRADE QUANTITY
`SETTING TIME IN FORCE
`TEXT AND GRID COLORS
`SETTING MD TRADER PROPERTIES
`MD TRADING TAB
`MD DISPLAY TAB
`MD COLOR TAB
`MD ADVANCED TAB
`AUTO CENTERING IN MD TRADER
`AVERAGE PRICE HIGHLIGHTING
`CONSOLIDATING PRICES
`CREATING A USER-DEFINED PRICE COLUMN
`Invalid Calculations in the UDP
`DISPLAYING A SMALL MD TRADER
`Titlebar Buttons
`DISPLAYING THE MID-POINT OF INSIDE MARKET
`KEEPING MD TRADER ON TOP
`ONE-CLICK TRADING WITH MD TRADER
`PLACING STOP ORDERS
`SETTING THE MAXIMUM TRADE QUANTITY
`LIQUIDATING A POSITION
`VIEWING YOUR ESTIMATED POSITION IN QUEUE
`MD Trader
`
`Table of Contents
`
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`
`X_TRADER® User Manual
`
`- ix -
`
`Trading Technologies International, Inc.
`
`Page 23 of 121
`
`

`
`Table of Contents
`
`Color Codes
`CUSTOMIZING MD TRADER
`ADDING SOUND TO MD TRADER
`ADDING TIME AND SALES
`CUSTOMIZING THE DEFAULT QUANTITY BUTTONS IN MD TRADER
`FILTERING BY CUSTOMER
`VIEWING JUST YOUR ORDERS
`MOVING GRID COLUMNS
`RESIZING THE MD TRADER WINDOW
`USING THE MOUSE TO CONTROL THE ZOOM FEATURE
`MANAGING LINKS IN MD TRADER
`Creating Links from X_STUDY
`Creating Links from Excel
`Using the Laser Line
`KEYBOARD TRADING IN MD TRADER
`FUNCTION HOTKEYS
`TT Default Map
`MAIN HOTKEYS
`TT Default Map
`UNRESTRICTED KEYBOARD FUNCTIONS
`ENABLING KEYBOARD TRADING IN MD TRADER
`CHANGING HOTKEYS IN MD TRADER
`KEYBOARD PROCEDURES
`Entering a Buy Order Using the Keyboard
`Entering a Sell Order Using the Keyboard
`Enter the Order Quantity Using the Keyboard
`Deleting All Orders, Working Bids, or Working Offers Using the Keyboard
`Loading the Net Position in the Order Entry Field Using the Keyboard
`Sending a Market Order Using the Keyboard
`Setting the Limit Price Using the Keyboard
`Sweeping the Market Using the Keyboard
`Hitting the Bid Using the Keyboard
`Taking the Offer Using the Keyboard
`Dime the Offer Using the Keyboard
`Dime the Bid Using the Keyboard
`Join the Bid Using the Keyboard
`Join the Offer Using the Keyboard
`Combo Dime the Bid or Offer Using the Keyboard
`Combo Join the Bid and Offer Using the Keyboard
`Game Pad Control in MD Trader
`
`CHAPTER 11: ORDER TYPES
`INTRODUCTION TO THE SYNTHETIC SE
`EXCHANGES AND ORDER TYPES
`SYNTHETIC MODEL
`SYNTHETIC ORDER MANAGEMENT
`TIME-IN-FORCE (TIF) PARAMETERS
`WORKING/PENDING QUANTITY MODEL
`SUPPORTED CHANGES TO PARENT ORDERS
`
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`
`- x -
`
`X_TRADER® User Manual
`
`Trading Technologies International, Inc.
`
`Page 24 of 121
`
`

`
`SUPPORTED CHANGES TO CHILD ORDERS
`RISK CHECKING
`ORDER TYPE DEFINITIONS
`MARKET ON OPEN (MOO)
`MARKET
`
`Market Grid
`MD Trader
`MARKET LIMIT
`MARKET ON CLOSE (MOC)
`MARKET ON AUCTION (MOA)
`MARKET TO LIMIT
`WITH A TICK (WAT)
`SUBMITTING A MUTUAL OFFSET ORDER
`ORDER CANCELS ORDER
`Cursor Changes
`Strategy Types
`Order Book Additions
`Synthetic OCO Orders
`Invalid OCO Price Levels
`Placing OCO Orders
`Confirming OCO Orders
`VOLATILITY
`BEST LIMIT
`TIMED ORDERS
`FIELD DESCRIPTIONS
`MACHINE GUN ORDERS
`FI

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