Overview

 

The Trade Panel is an integral component of FinStudio's Tradingboard module, designed to enhance the trading experience through a streamlined interface packed with powerful features. This section of the documentation will outline the functionalities and layout of the Trade Panel, detailing each segment and its utility in the trading process.

Top Panel Toolbar

 

The Top Panel Toolbar is strategically positioned at the top of the Trade Panel, offering easy navigation and quick access to its numerous features. Here are the primary elements and their functionalities:

 

  1. Chart Icon
    • Function: Opens a fully-featured chart to the right side of the panel.
    • Utility: Allows users to quickly view and analyze the current instrument's price movements in detail.

  2. Section Settings Icon
    • Function: Expands a menu that lists all available sections of the Trade Panel.
    • Utility: Users can customize the panel by toggling sections on or off, thereby tailoring the interface to their preferences and trading needs.

  3. Show as DOM Panel Icon
    • Function: Transforms the Trade Panel into a Depth of Market (DoM) panel.
    • Utility: Facilitates a switch to depth of market viewing for more detailed analysis of market liquidity and price levels.

  4. Undock Icon

    • Function: Detaches the panel into a separate, independent window.
    • Utility: Enhances multitasking by allowing the panel to operate independently of the main trading interface, which can be particularly useful on multiple monitor setups.

  5. Close Icon

    • Function: Closes the Trade Panel.
    • Utility: Provides a quick way to declutter the workspace by closing the panel when it is not needed.

 

This toolbar enhances the trading experience by providing straightforward and accessible controls, ensuring that users can adapt the panel to their immediate needs quickly and effectively.

In the next section, we will explore the Trade Panel Sections in detail, offering insights into the functionalities of each specific area within the panel.

 

Trade Panel Sections

 

This section of the documentation delves into the various functional areas of the Trade Panel within FinStudio's Tradingboard module. Each section is designed to provide specific market insights or trading capabilities, allowing users to tailor their trading strategies effectively.

 

1. Depth of Market (DoM)

The Depth of Market is presented in three distinct types, each providing a unique perspective on market orders and volumes:

  • Standard DoM: Displays bid and ask prices with corresponding volumes. The information is organized into four columns: Bid Volume, Bid Prices, Ask Prices, and Ask Volume. This layout helps users assess market depth symmetrically for both buying and selling sides.
  • Price DoM: Simplifies the view by centering prices between columns showing volumes for the best bid and best ask. This format focuses on the price levels closest to the market, enhancing clarity for quick decision-making.
  • VWAP DoM: Similar to the Price DoM in layout but incorporates additional data like the Average Fill Price when an order exceeds the available volume at the best bid or ask. This helps users understand potential price impacts for larger orders.

 

2. Market Buy/Sell Lots

This section provides quick-access buttons for executing market buy and sell orders, prominently displaying the current trading spread. It is designed for traders who need to execute orders rapidly without navigating away from the main panel.

 

3. Trading & Price

Displays the trading venue and the current best bid and ask prices, ensuring that traders have real-time information on where their quotes are sourced and the immediate market conditions.

 

4. ASK/BID Volumes and SELL/BUY STP/LIMIT

These sections facilitate the placement of stop and limit orders:

  • Users can set prices manually through input fields or by using a price ladder that appears when clicking on the price field.
  • This area simplifies the process of order placement, providing flexibility in order selection (stop or limit) and the convenience of immediate order execution.

 

5. Quantity, SL, TP

Allows users to specify trade sizes and set Stop Loss and Take Profit limits, provided these features are supported by the broker. This section is crucial for managing risk and securing potential profits by automating trade exits.

 

6. Average Fill Price

Calculates and displays the average price at which a trade will be filled based on current market conditions and the entered quantity, offering a realistic expectation of order execution.

 

7. TWAP Order

A specialized order type that aims to achieve a more favorable average price by executing smaller quantities over a specified period, thereby minimizing market impact.

 

8. Position Bar

Shows the total volume held in positions per instrument, split into short (red) and long (blue) positions. This visual representation helps traders quickly assess their market exposure.

 

9. P/L Bar

Displays the total profit or loss for both short and long positions, aiding traders in understanding the performance of their trades relative to market movements.

 

10. Trade Control

Includes essential trading operations such as close, cancel, reverse, and hedge. Each button is equipped with sub-options to cater to specific trading scenarios, enhancing trading efficiency.

 

11. Position/Orders Table

Provides a concise overview of current positions and pending orders, helping users manage their trades effectively through clear, organized information.

In the following section, we will explore the Benefits and Utility of the Trade Panel, highlighting how these features collectively enhance the trading experience for users of FinStudio.

 

Benefits and Utility of the Trade Panel

 

The Trade Panel in FinStudio's Tradingboard module offers a comprehensive suite of tools designed to enhance the trading experience. Here we highlight the significant benefits and utilities that this feature-rich panel provides to users:

 

1. Enhanced Market Visibility

The Trade Panel's diverse sections provide a clear and detailed view of market conditions, enabling traders to access crucial information at a glance. This includes real-time price data, market depth, and the current status of orders and positions, which collectively improve the user's ability to make informed decisions quickly.

 

2. Streamlined Trading Operations

With functionalities like the ASK/BID Volumes and SELL/BUY STP/LIMIT sections, the Trade Panel simplifies the process of placing and managing orders. The integration of these tools into one panel reduces the need for navigating through multiple screens, thereby increasing trading efficiency and reducing the chance of errors.

 

3. Customization and Flexibility

The ability to customize the panel by toggling specific sections on or off allows users to tailor the interface according to their preferences and trading needs. This level of customization enhances user satisfaction by focusing only on relevant information and controls, reducing cognitive load and increasing operational efficiency.

 

4. Advanced Order Management

The panel's advanced order features, such as TWAP orders and detailed settings for stop and limit orders, provide sophisticated strategies for order execution. These tools are designed to help traders manage their risk better and achieve optimal entry and exit points, improving potential outcomes.

 

5. Real-Time Risk Management

Features like the Quantity, SL, TP sections, and the P/L Bar give traders the tools to actively manage their risk in real time. By setting parameters for stop losses and take profits, traders can automate part of their risk management strategy, safeguarding against sudden market movements.

 

6. Comprehensive Reporting

The Position/Orders Table section offers a succinct yet detailed view of all current positions and pending orders. This helps traders track their activity efficiently, ensuring that they are always aware of their market exposure and order statuses.

 

7. Enhanced Accessibility

With the undock feature, traders can manage multiple markets or instruments in separate windows, facilitating better resource utilization and multitasking across several monitors. This is particularly beneficial in complex trading setups where attention needs to be divided among various data streams.

 

Conclusion

 

The Trade Panel within FinStudio's Tradingboard module stands out as a pivotal tool for traders aiming to leverage advanced technological solutions for market analysis and trading. By integrating multiple functionalities into a single, customizable interface, the Trade Panel not only simplifies the trading process but also empowers traders to operate more efficiently and effectively. This blend of utility, flexibility, and efficiency makes the Trade Panel a valuable asset in the arsenal of any trader looking to optimize their trading strategy and performance.

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