COMPARISON TO TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,772,132
`
`1. A method of placing a
`trade order for a commodity
`on an electronic exchange
`
`
`CLAIM 1 TT’S MD TRADER® WINDOW TRADESTATION’S MATRIX
`WINDOW
`TradeStation’s Matrix window
`(“Matrix window”) connects to
`electronic exchanges (e.g., eCBOT,
`CME-Globex, Euronext LIFFE,
`Eurex, Eurex US, CME iTOPS and
`NYMEX) so that users may place
`trade orders for a commodity (e.g.,
`futures, etc.) in the Matrix window.
`See Figure 1.
`
`INTERACTIVE BROKER’S
`BOOKTRADER WINDOW
`IBG’s BookTrader Window
`(“BookTrader”) places trade orders
`for a commodity (futures, etc.) on an
`electronic exchange. See Figure 1.
`
`
`Trading Technologies, Inc.’s
`(“TT”) MD Trader® window (“MD
`Trader window”) connects to
`electronic exchanges (e.g., eCBOT,
`CME-Globex, Euronext LIFFE,
`Eurex, Eurex US, CME iTOPS and
`NYMEX) so that users may place
`trade orders for a commodity (e.g.,
`futures, etc.) in the MD Trader
`window. 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. It lets you
`quickly buy or sell products across
`the depth using one click of the
`mouse.”).
`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
`
`having an inside market with
`a highest bid price and a
`lowest ask price,
`
`The commodity being traded has an
`inside market with a highest bid price
`and a lowest ask price. In Figure 1,
`the Matrix window displays the
`inside market with a highest bid price
`(e.g., 25.26) and a lowest ask price
`(e.g., 25.28). See Figure 1.
`
`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).
`
`
`
`
`1
`
`Page 1 of 121
`
`TRADING TECH EXHIBIT 2233
`IBG ET AL. v. TRADING TECH
`CBM2015-00182
`
`

`
`
`
`using a graphical user
`interface and a user input
`device, said method
`comprising:
`
`
`setting a preset parameter for
`the trade order
`
`displaying market depth of
`the commodity, through a
`dynamic display of a
`plurality of bids and a
`plurality of asks in the
`market for the commodity,
`including at least a portion of
`
`COMPARISON TO TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,772,132
`
`between the best bid and the best
`offer in the market.”).
`
`The MD Trader window uses a
`graphical user interface and a user
`input device (e.g., a mouse or
`keyboard); the graphical user
`interface may be displayed on a
`computer monitor. See Figure 1;
`Ex. 1, X_TRADER® Version
`7.12.X User Manual, p. 393 (“In
`addition to click-trading in MD
`Trader using a mouse, you can use
`the keyboard to make trades.”).
`
`The MD Trader window allows a
`preset parameter for the trade order
`to be set. For example, a quantity
`associated with the order may be
`preset by entering a quantity in the
`box in the left portion of the display
`(e.g., 1). See Figure 1; Ex. 1,
`X_TRADER® Version 7.12.X User
`Manual, p. 349 (“Setting the
`Default Quantity”).
`
`The MD Trader window includes a
`display of market depth for a
`commodity, through a dynamic
`display of a plurality of bids and a
`plurality of asks in the market for
`the commodity, including at least a
`portion of the bid and ask quantities
`
`The Matrix window uses a graphical
`user interface and a user input device
`(e.g., a mouse or keyboard); the
`graphical user interface may be
`displayed on a computer monitor. See
`Figure 1.
`
`BookTrader provides a graphical user
`interface (“GUI”) for use with a user
`input device (e.g., mouse or
`keyboard); the graphical user
`interface may be displayed on a
`computer monitor. See Figure 1.
`
`
`The Matrix window allows a preset
`parameter for the trade order to be
`set. For example, a quantity
`associated with the order may be
`preset by entering a quantity in the
`“Quantity” box in the right portion of
`the display (e.g., 500). See Figure 1.
`
`BookTrader sets a preset parameter
`for the trade order. For example, a
`quantity associated with the order
`may be preset by setting the “Default
`Size” field. See Figure 1 (“Order
`defaults come from the active Preset,
`but you can modify the default size
`directly in BookTrader.”).
`
`
`The Matrix window includes a
`display of market depth for a
`commodity, through a dynamic
`display of a plurality of bids and a
`plurality of asks in the market for the
`commodity, including at least a
`portion of the bid and ask quantities
`
`BookTrader displays market depth
`for a commodity through a dynamic
`display of a plurality of bids and a
`plurality of asks in the market for the
`commodity, including at least a
`portion of the bid and ask quantities
`of the commodity.
`
`
`
`2
`
`Page 2 of 121
`
`

`
`COMPARISON TO TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,772,132
`
`
`the bid and ask quantities of
`the commodity,
`
`of the commodity.
`
`In Figure 1, a plurality of bids is
`displayed in the Bids column, a
`plurality of asks is displayed in the
`Asks column. The display is
`dynamic in that the bids and asks
`are updated based on new market
`information. See Figure 1.
`
`
`
`
`In Figure 1, the plurality of bids is
`represented by the numbers (e.g.,
`330) shown in the Bid Size column
`and the plurality of asks is
`represented by the numbers (e.g., 26)
`shown in the Ask Size column. The
`display is dynamic in that the bid and
`ask quantities are updated to reflect
`new market information. See Figure
`1.
`
`
`The dynamic display of a plurality of
`bids and asks are aligned with a static
`display of prices. 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. The dynamic display
`of bids and asks, however, does. See
`Figure 1.
`
`of the commodity.
`
`In Figure 1, the plurality of bids is
`displayed in the Bid Size column, a
`plurality of asks are displayed in the
`Ask Size column. The display is
`dynamic in that the bids and asks are
`updated based on new market
`information. See Figure 1; Ex. 2,
`Lesson 3 (“The Matrix window
`combines market depth information,
`information about your orders and
`positions, and order-entry features
`and advanced order settings in a
`single window.”).
`
`The dynamic display of a plurality of
`bids and asks are aligned with a static
`display of prices. 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. The dynamic display
`of bids and asks, however, does. See
`Figure 1.
`
`the dynamic display being
`aligned with a static display
`of prices corresponding
`thereto,
`wherein the static display of
`prices does not move in
`response to a change in the
`inside market;
`
`The dynamic display of a plurality
`of bids and asks are aligned with a
`static display of prices. 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. The
`dynamic display of bids and asks,
`however, does. See Figure 1.
`
`
`
`
`3
`
`Page 3 of 121
`
`

`
`
`displaying an order entry
`region aligned with the static
`display of prices
`
`comprising a plurality of
`areas for receiving
`commands from the user
`input device to send trade
`orders, each area
`corresponding to a price of
`the static display of prices;
`and
`
`selecting a particular area in
`the order entry region
`through single action of the
`user input device with a
`
`COMPARISON TO TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,772,132
`
`The MD Trader window displays
`an order entry region (e.g., the blue
`column under “Bids” and the red
`column under “Asks”) aligned with
`the static display of prices; orders
`are entered by single clicking on a
`cell in the order entry region. 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.”).
`
`The order entry region comprises a
`plurality of areas (e.g., cells) for
`receiving commands from the user
`input device to send trade orders,
`each area corresponding to a price
`of the static display of prices. 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.”).
`
`The MD Trader window allows an
`area to be selected (e.g., one of the
`cells in the order entry region)
`through a single action (e.g., single
`
`The Matrix window displays an order
`entry region (e.g., the blue column
`under “Bid Size” and the red column
`under “Ask Size”) aligned with the
`static display of prices; orders are
`entered by single clicking or double
`clicking on a cell in the order entry
`region. See Figure 1A, TS-
`NATIVE0007; Figure 3; 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.”).
`
`The order entry region comprises a
`plurality of areas (e.g., cells) for
`receiving commands from the user
`input device to send trade orders,
`each area corresponding to a price of
`the static display of prices. See
`Figure 1.
`
`BookTrader displays an order entry
`region (e.g., yellow “Bid Size”
`column and green “Ask Size”
`column, as shown in Figure 1)
`aligned with the static display of
`prices including a plurality of areas
`(e.g., cells) for receiving commands
`to send trade orders. Each area
`corresponds to a price in the static
`display of prices. 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.”).
`The order entry region comprises a
`plurality of areas (e.g., cells) for
`receiving commands from the user
`input device to send trade orders,
`each area corresponding to a price of
`the static display of prices. See
`Figure 1.
`
`The Matrix window allows an area to
`be selected (e.g., one of the cells in
`the order entry region) through a
`single action (e.g., single click or
`
`BookTrader allows an area (e.g., one
`of the cells in the order entry region)
`to be selected through a single action
`(e.g., single-click) of the user input
`
`
`
`4
`
`Page 4 of 121
`
`

`
`COMPARISON TO TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,772,132
`
`double 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 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
`Ex. 3, TS0002226 (“With just a
`single click on any row in the Bid or
`Ask column, you’re able to
`immediately place an order.”); Figure
`1.
`
`device (e.g., mouse) with a pointer of
`the user input device positioned over
`a particular area to set a plurality of
`additional parameters (e.g., price and
`type of order) for the trade order and
`send the trade order to the electronic
`exchange. See Ex. 4, 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.”).
`
`
`
`
`
`5
`
`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
`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 1A; 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.”).
`
`
`pointer of the user input
`device positioned over the
`particular area to set a
`plurality of additional
`parameters for the trade order
`and send the trade order to
`the electronic exchange.
`
`
`
`Page 5 of 121
`
`

`
`COMPARISON TO TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,772,132
`
`FIGURE 1
`
`
`
` MD TRADER
`
`
`
`
`
`
`
`
`
`
`
`BOOKTRADER
`
`
`
`
`
`
`
`
`
`MATRIX
`
`
`
`6
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`Page 6 of 121
`
`

`
`
`
`CLAIM 3
`
`A method of placing
`3.
`a trade order according to
`claim 2, wherein the trade
`order is for a pre-determined
`fixed quantity and for a price
`corresponding to the position
`of the pointer at the time of
`said single action.
`
`
`
`
`
`COMPARISON TO TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,772,132
`
`TT’S MD TRADER® WINDOW TRADESTATION’S MATRIX
`WINDOW
`The Matrix window places an order
`for a pre-determined fixed quantity
`(e.g., the preset below shows “500”)
`and at a price level that corresponds
`to the position of the pointer at the
`time of the single action (e.g., if the
`trader clicks on the blue cell next to
`the price of 25.26, the system places
`a buy order for the preset quantity of
`500 at a price of 25.26). See Figure
`2.
`
`The MD Trader window places an
`order for a pre-determined fixed
`quantity (e.g., “1”) and at a price
`level that corresponds to the
`position of the pointer at the time of
`the single action (e.g., if the trader
`clicks on the cell next to the price
`of 129180 in the Bids column, the
`system places a buy order for the
`preset quantity of 1 at a price of
`129180). See Figure 2; 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. 349
`(“Setting the Default Quantity”); p.
`377 (“MD Trader lets you buy or
`sell products using one click of a
`mouse.”).
`
`INTERACTIVE BROKER’S
`BOOKTRADER WINDOW
`BookTrader places an order for a pre-
`determined fixed quantity (e.g., 400)
`at a price level that corresponds to the
`position of the pointer at the time of
`the single action (e.g., if a trader
`clicks on a cell in the bid order entry
`region, the system places a buy order
`for 400 at the corresponding price).
`See Figure 2 (“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 . . .
`Order defaults come from the active
`Preset, but you can modify the
`default size directly in
`BookTrader.”).
`
`7
`
`Page 7 of 121
`
`

`
`COMPARISON TO TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,772,132
`
`
`
` BOOKTRADER
`
`Predetermined
`fixed quantity
`
`
`
`FIGURE 2
`
`
` MD TRADER
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`MATRIX
`
`
`
`
`
`8
`
`
`
`
`
`
`
`Page 8 of 121
`
`

`
`
`
`CLAIM 7
`
`7. A method of placing a
`trade order according to
`claim 2, further comprising
`canceling said trade order in
`response to a subsequent
`single action of the user input
`device.
`
`COMPARISON TO TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,772,132
`
`TT’S MD TRADER® WINDOW
`
`The MD Trader window cancels an
`entered trade order by a single action of
`a mouse in alignment with a price level
`at which there is an entered order (e.g.,
`if a trader clicks on a working order,
`the system cancels the order). For
`example, if a trader clicks on the blue
`cell in the “Work” column, the system
`will cancel the working order. See
`Figure 2; Ex. 1, X_TRADER® Version
`7.12.X User Manual, p. 347 (“To delete
`a single order, click its cell in the
`Working Quantity column.”).
`
`
`
`TT’S MD TRADER®
`WINDOW
`The Matrix window cancels an
`entered trade order by a single
`action of a mouse in alignment
`with a price level at which there
`is an entered order (e.g., if a
`trader right-clicks on a working
`order, the system cancels the
`order). For example, if a trader
`clicks on the gray cell in the
`“Orders” column, the system will
`cancel the working order. See
`Figure 3.
`
`TRADESTATION’S
`MATRIX WINDOW
`BookTrader cancels an
`entered trade order by a single
`action of a user input device
`(e.g., mouse) in alignment
`with a price level at which
`there is an entered order (e.g.,
`if the trader right-clicks on the
`100 in the “Size” column).
`See Figure 3.
`
`
`
`9
`
`Page 9 of 121
`
`

`
`COMPARISON TO TRADING TECHNOLOGIES, INC.’S MD TRADER®
`U.S. PATENT NO. 6,772,132
`
`FIGURE 3
`
`MATRIX
`
`
`
`BOOKTRADER
`
`
`
`Trade Trade
`
`OrderOrder
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`10
`
`
`
`
`
`Page 10 of 121
`
`

`
`Exhibit 1
`
`Exhibit 1
`
`
`
`
`
`Page 11 of 121
`
`Page 11 of 121
`
`

`
`X_TRADER®
`Version 7.12.X
`User Manual
`
` VERSION 7.X
`DOCUMENT VERSION 7.12.0.DV1 3/5/14
`
`Page 12 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 13 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 14 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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`CHANGING THE HEIGHTS OF ROWS OR THE WIDTHS OF COLUMNS
`FRAME COMMAND BAR OVERVIEW
`RESIZING A WINDOW GRID
`PRINTING
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`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
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`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
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`Table of Contents
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`Table of Contents
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`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
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`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
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`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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`CHAPTER 8: MARKET EXPLORER OVERVIEW
`MARKET EXPLORER FIELD DESCRIPTIONS
`MARKET EXPLORER ADVANCED FIELD DESCRIPTIONS
`SEARCHING FOR A PRODUCT
`RENAMING CONTRACTS
`POPULATING WINDOWS WITH CONTRACTS
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`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
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`Table of Contents
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`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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`Page 19 of 121
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`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
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`X_TRADER® User Manual
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`Page 20 of 121
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`Table of Contents
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`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_TRADER® User Manual
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`Page 21 of 121
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`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
`FIELD DESCRIPTIONS
`IF TOUCHED
`Market Grid
`MD Trader
`STOP ORDERS
`Stop Trigger Rules
`Invalid Price Levels
`Placing Stop Orders
`CROSS ORDERS
`SLICED ORDERS
`ICEBERG
`Characteristics
`Order Pane
`MD Trader
`Order Book
`Deleting
`Rounding
`Field Descriptions
`TIME SLICED
`FIELD DESCRIPTIONS
`VOLUME SLICED
`FIELD DESCRIPTIONS
`TIME DURATION
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`Table of Contents
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