Overview

The ability to adjust price steps in the Depth of Market (DoM) Panel is a crucial feature for traders using FinStudio's Tradingboard. This functionality allows traders to customize the distance between each row in the price column, effectively tailoring the DoM Panel's display to better suit their trading strategies and market analysis needs.

Adjusting Price Steps

Accessing Price Steps Settings:

• The Price Steps section is located at the top of the DoM Panel. Here, traders can access various options to adjust the granularity of the price levels displayed.

Operation:

• Clicking on a Price Step Button: Selecting one of the predefined price step buttons changes the arrangement of the entire price column. The prices in the DoM Grid will then appear separated by the number of points specified by the selected price step button.

Impact of Modifying Price Steps:

• Aggregation: Increasing the price step from the standard 1 point to a higher value like 5 or 10 points requires the DoM ladder to aggregate data for multiple price levels into fewer rows. For example, setting the Price Step to 10 points means that what would normally be displayed as 10 individual rows (each representing a 1-point step) will now be consolidated into a single row.

Detailed Changes When Adjusting Price Steps:

• Positions Columns: All positions that span the chosen price step interval (e.g., 10 points) are aggregated. This means that if there are positions open at multiple price levels within this range, their volumes are summed and displayed as a single value.
  
  
• Orders Columns: Similar to positions, orders within the price step range are also aggregated. All pending orders that would typically appear in individual rows for each 1-point step are combined and shown in just one row for the entire range.
  
  
• Bid and Ask Volumes: The liquidity available across the selected price step range is aggregated as well. Instead of displaying volume for each price level separately, the total available liquidity for the entire range is presented in one row, providing a consolidated view of market depth.

Conclusion

Adjusting the price steps on the DoM Panel is a powerful customization tool that enhances how traders interact with market data on FinStudio's Tradingboard. By setting larger price steps, traders can simplify the DoM display, making it easier to digest large amounts of data at a glance and focus on broader market trends. Conversely, smaller price steps provide a more detailed view, allowing for precise market analysis and decision-making. This flexibility ensures that the DoM Panel can be adapted to meet diverse trading needs, helping traders manage their market operations more effectively and with greater clarity.