Exhibit 4
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`Page 1 of 9
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`TRADING TECH EXHIBIT 2414
`TRADESTATION ET AL. v. TRADING TECH
`CBM2016-00051
`
`

`
`ting Different Order-Entry Tools
`
`|‘"_j...-.t.n
`
`‘\
`
`\ Iaesson 3
`
`Table of Contents
`
`The Matrix Window ....................................... ..
`
`Matrix Window Geography ................................
`
`Placing Orders Using the Matrix Window........... ..
`
`Placing Orders Using Chart Trading ....................
`
`1
`
`2
`
`3
`
`4
`
`Placing Orders Using the Quick Trade Bar ...............
`
`Placing Orders Using the Market Depth Window.......
`
`Placing Orders Using Order Entry Macros ............. ..
`
`5
`
`6
`
`7
`
`The Matrix Window
`
`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 Matrix also displays the day's
`price information, volume traded at each price and VWAP (Volume Weighted Average Price).
`
`You may place, cancel and cancel/replace orders directly in the Matrix window. The Matrix and
`TradeManager are linked in real time, such that the Matrix displays any open positions or active orders
`placed using it or other means (such as the Order Bar, Market Depth window, automated strategies, etc.).
`The Trade Bar, the Advanced Order Bar, the Order Status Bar and the Quote Bar can be removed or
`enabled by right-clicking on the Matrix and selecting them from the right-click menu.
`
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`MEMBER OF MONEX GROUP
`
`Page 2 of 9
`
`5t8fl.IS 38!’
`
`med
`Order Ear
`
`Learning T:aaclg:S1t-aiifoeri
`
`

`
`Placing Orders Using Different Order Entry Tools
`
`Lesson 3
`
`Matrix Window Geography
`
`Quote Bar
`
`The Quote Bar displays basic price and order information for the specified symbol.
`
`Detail Pane
`
`Default columns displaying data at each price level:
`
`PIL (USD): displays a scale consisting of the position's break-even point with profit and loss values
`in the currency of the account; values are displayed only when there is an open position in
`the symbol.
`
`Orders: displays all open orders in the symbol; buy orders will be preceded by a “B” and sell orders
`by an “S”; each open order cell displays two numbers: the number of shares/contracts filled
`followed by the number of shares/contracts still working on the order.
`
`Bid Size: displays current Bid Size for each price level; depth is shown in parentheses.
`
`Price: a column of prices, in minimum increments for the symbol, e.g., .01 for stocks; color-coded
`cells identify traded prices between the high and low of the day.
`0 Open, High and Low: noted with green lines at the appropriate price cells.
`0
`Last: noted with a yellow background in the price cell; includes the share/contract volume
`of the last trade.
`
`0 VWAP: VWAP (Volume Weighted Average Price) is noted with a small “v" in the Price
`column.
`
`Ask Size: displays current Ask Size for each price level; depth is shown in parentheses.
`
`Vol Bars: color-shaded bars indicate volume at each price level during each of the day’s 30-minute
`time periods. The darker the shade, the earlier in the day the volume occurred.
`
`Vol: number of shares/contracts traded at each price level.
`
`Position (Avg Price): average price of the open position is highlighted across all columns; position
`size is displayed in the Quote Bar.
`
`Order Status Bar
`
`Displays the last message sent or received for an order.
`
`Trade Bar
`
`Order-entry tools for the current symbol in the window.
`
`Advanced Order Bar
`
`Advanced order settings for orders placed via the Trade Bar.
`
`Notes: The Matrix Quote Bar and Detail Pane may be customized using the Format — Columns menu
`sequence for each section. P/L in Symbol Currency is also available as an additional column in the Detail
`Pane.
`
`Learning Tradestation Page 3 of 9
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`Page 2 of 8
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`Page 3 of 9
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`

`
`Placing Orders Using Different Order Entry Tools
`
`Lesson 3
`
`Placing Orders Using the Matrix Window
`
`Placing orders through the Matrix is as simple as clicking on the Bid Size or Ask Slze column at the price
`at which you want to buy or sell on stop, limit, or stop limit.
`
`Buy and Sell orders
`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.
`
`CancellRepIace orders
`To cancel/replace an order, click and drag an active open order in the Order column from its current limit
`or stop price to the new limit or stop price.
`
`Place Order
`
`
`
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`
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`
`Market orders
`
`To place a market order, click on Buy Mkt or Short Mkt buttons from the
`Trade Bar.
`
`Trailing Stops
`To place a trailing stop on an open position, set the trail amount to Pts or
`% and enter the amount in the Amt field, then click the Sell Trl Stp
`button to exit long positions or the Cover Trl Stp button to exit short
`positions.
`
`Order Cancels Order - Multiple exit orders
`To place profit targets and stops on open positions, select the number of targets and stops from the drop-
`down menu under the Place OCO Order button. Click the ellipsis A button to adjust the target and stop
`amounts, then click on the Place OCO Order button to place your orders.
`
`Order Sends Order — Entry order with attached exit orders
`To automatically send your profit targets and stops with your entry order, put a checkmark in the Attach
`OSO checkbox.
`In the drop-down menu, select the type of exit orders
`you wish to attach, click the ellipsis J button to adjust the quantities and
`prices for your exits, and then proceed to place your entry order. Once
`the entry order is placed, it will have the specified exits automatically
`attached.
`
`
`
`7Anach 030
`[Exit_Brk_1L/13
`
`_
`
`Cancel orders
`
`To cancel an order, click on any active order in the Orders column to cancel it. Orders may also be
`cancelled using one of the three cancel buttons in the Manage Order(s)IPosition section of the Trade
`Bar: X Bids (cancel all bids), Cancel All (cancel all active orders for this symbol), and X Ofrs (cancel all
`offers).
`
`Reverse position
`Click on the Reverse button to reverse your current position from long to short, and vice versa.
`
`Manage Order(s)/Position
`cl‘-359 Position
`‘ Click the Close button to immediately exit the current position by placing
`the appropriate market order.
`
`|:'|iZI‘E.E'
`
`0
`
`MEMBER OF MONEX GROUP
`
`Page 4 of 9
`
`Learning T:aa<:Ig:S::a(':o?1
`
`

`
`Placing Orders Using Different Order Entry Tools
`
`Lesson 3
`
`Placing Orders Using Chart Trading
`
`Tradestation Chart Trading is an application that docks to your chart windows and allows you to quickly
`and easily place trades and manage positions and orders from a chart. To enable chart trading in the
`active chart. click on the Format —
`Chart Trading menu se uence, or
`
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`
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`
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`
`Trades can be placed by clicking on the
`various order-entry buttons in the Order
`Panel or by clicking directly on the
`Chart-
`
`When placing orders by clicking on the
`chart, Ctrl + Left Click mimics the
`behavior of clicking on the bid side in
`the Matrix window and Alt + Left Click
`mimics clicking on the ask side in the
`Matrix window.
`Open orders can be moved to new
`price levels by simply dragging their
`corresponding order lines.
`
`Right-clicking an order line will allow
`you to edit the order's quantity and/or
`price.
`
`Selecting an order line and pressing
`the delete key will delete the order.
`
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`
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`
`Key + House Click Combination Order Action
`
`Cancel Order
`
`Ctrl + Left Click (Above the Ask)
`Ctrl + Left Click (Below the Ask)
`Alt + Left Click (Above the Bid)
`Alt + Left Click (Below the Bid)
`Drag & Drop Open Order Line
`Right Click on Open Order Line
`DELETE key on Open Order Line
`
`Buy Stop Market @ selected price
`Buy Limit @ selected price
`Sell Limit @ selected price
`Sell Stop Market @ selected price
`Can-:el.!Replace Price
`Edit Order Quantity and/or Price
`
`0
`
`MEMBER OF MONEX GROUP
`
`Page 5 of 9
`
`Learning Ti):<:Jg:Slfa(’:ifo8ri
`
`

`
`Placing Orders Using Different Order Entry Tools
`
`Lesson 3
`
`Placing Orders Using the Quick Trade Bar
`
`The layout and functionality of the Quick Trade Bar are different depending on the asset class being
`traded. For equities and futures, the layout and buttons are identical. but for forex a different layout is
`used.
`
`Forex Layout
`
`Equities and Futures Layout
`
`
`
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`
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`
`The Sell button displays the bid and the Buy
`button displays the ask. Click the Sell or Buy
`buttons to place limit orders at the prices displayed.
`Adjust the Quantity between the two buttons using
`the directional arrows, by typing a new amount, or
`by using the preset quantities displayed as buttons
`at the bottom of the Quick Trade Bar. Click the
`
`Sell Mkt or Buy Mkt buttons to place market
`orders. Click Close to exit positions.
`
`A simple view of the Quick Trade Bar with just the
`Buy and Sell buttons is available by right-clicking
`on the Quick Trade Bar and selecting Quick Trade
`Bar Layouts — Simple FX menu sequence.
`
`Click the Buy or Sell Short buttons to place limit
`orders at the prices displayed. Adjust the
`Quantity between the two buttons using the
`directional arrows, typing a new amount, or using
`the preset quantities displayed as buttons below
`the quantity field. Click the Sell Mkt or Buy Mkt
`buttons to place market orders.
`
`The Take, Split, Bid-+1, Ask-1 and Hit buttons
`allow you modify the bid or ask price of your
`order. Click Close to exit positions or Cancel All
`to cancel all active orders.
`
`By default, the Buy button displays the bid and
`the Sell Short button displays the ask. You may
`switch these buttons around to buy at the ask or
`sell at the bid by right-clicking the Quick Trade
`Bar and selecting Quick Trade Bar Layouts —
`Alternate SellIBuy menu sequence.
`
`0TradeStati0n®
`
`MEMBER OF MONEX GROUP
`
`Page 6 of 9
`
`Page 5 of 8
`
`Learning Tradestation
`
`

`
`Placing Orders Using Different Order Entry Tools
`
`Lesson 3
`
`Placing Orders Using the Market Depth Window
`
`The Market Depth window provides a view of market-based bid and ask activity for a given instrument
`along an integrated Trade Bar for fast and convenient order execution. Color-coding is used to group
`common price levels together, so you can see what is happening at a glance. Market Depth data is
`available for stocks, electronic futures and options, depending on your data subscriptions.
`r
`
`
`
`
`
`.’ TradeStation Market Depth -'Esi-n3 [cue]? E-mini 5&9 soc Mar 2013
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`
`
`
`Quote Bar: shows basic price and order information for the symbol in the Market Depth window.
`
`Summary Pane: The left pane lists the Bid and Ask for each price level. The right panel graphs the
`relative size or depth of Bid and Ask for each level.
`
`Detail Pane: displays Bid prices (left) and Ask prices (right) grouped by price level. Your open positions
`and open orders for this symbol will be highlighted at the appropriate price row in the Detail Pane.
`
`Trade Bar: order-entry tools for the current symbol in the window.
`
`Advanced Order Bar: advanced order settings for orders placed via the Trade Bar.
`
`fl
`
`MEMBER OF MONEX GROUP
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`Page 7 of 9
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`Learning T|::c£lg:S‘t‘a(’:ico?1
`
`Page 7 of 9
`
`

`
`Placing Orders Using Different Order Entry Tools
`
`Lesson 3
`
`Placing Orders Using Order Entry Macros
`
`An Order Entry Macro contains order instructions that can be sent directly to the market or can populate
`the Order Bar with the order information. A macro may be created to run on multiple asset classes:
`equities, options, futures and forex. To create a macro, click on the View - Macros menu sequence and
`in the Macros dialog click the Create button. Select Order Entry Macro, click Next, and the Order Entry
`macro wizard will guide you through the process of creating the macro.
`
`Before proceedng to selecn the remairmg settings for the order.
`please answerthe folowhg questions:
`
`1. Doyouwanttlisrnacroto
`
`-9 Send the order
`
`I : ' Customize at the Order Bar
`
`2. Do you want this macro to dlow orders on
`
`Some of the options in the wizard are: whether to send the order directly to the market or customize it
`using the Order Bar; the types of asset classes that the macro will trade; whether to use a specific symbol
`or use the symbol from the current active window in TradeStation; the number of shares or contracts to
`trade; the account number to use; and specific information about the order, such as order action, order
`type, price, route and duration.
`
`select the sat-,,g,,o be ‘wedge, an o,*_.,,_
`Once the Order Entry Macro is
`order Mm
`ordeflwe
`.
`.
`complete, you can run it from the
`hcremeri
`lni Pnoe
`.
`.
`I
`_
`Command Line, Macros dialog,
`and from the Tradestation [E001
`Development Environment.
`In
`R019
`DU350"
`addition, you can assign a macro M
`to a toolbar button and/or Hot Key
`as a shortcut as explained in the
`first lesson of this series.
`
`
`
`0
`
`MEMBER OF MONEX GROUP
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`Page 8 of 9
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`Learning TI::§’:S:a":ifo8r1
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`

`
`Placing Orders Using Different Order Entry Tools
`
`Lesson 3
`
`IMPORTANT INFORMATION:
`
`No offer or solicitation to buy or sell securities, securities derivative, futures products or off-exchange foreign currency (forex) transactions of any kind,
`or any type of trading or investment advice, recommendation or strategy, is made, given or in any manner endorsed by any Tradestation affiliate and
`the information made available on this Website is not an offer or solicitation of any kind in anyjurisdiction where any Tradestation affiliate is not
`authorized to do business, including but not limited to Japan.
`
`Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility
`that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options futures or
`forex); therefore, you should not invest or risk money that you cannot afford to lose. Options trading is not suitable for all investors. Your account
`application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. Please
`click here to view the document titled Characteristics and Risks of Standardized Options. Before trading any asset class, customers must read the
`relevant risk disclosure statements on our Other Information page. System access and trade placement and execution may be delayed or fail due to
`market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
`
`TradeStation Group, Inc. Affiliates: All proprietary technology in Tradestation is owned by Tradestation Technologies, Inc. Equities, equities options,
`and commodity futures products and services are offered by Tradestation Securities, Inc. (Member NYSE, FINRA, NFA and SIPC). Tradestation
`Securities, lnc.’s SIPC coverage is available only for equities and equities options accounts. Forex products and services are offered by TradeStation
`Forex, a division of IBFX, Inc. (Member NFA).
`
`Copyright © 2001-2013 Tradestation Group, Inc.
`
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`MEMBER OF MONEX GROUP
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`Page 9 of 9