WTP FAQ

 

Open the Configuration window in Basket Trader. Set the Maximum Total Cash field to a higher value.

 

 

 

 

 

From the File menu select Open Basket (or right-click in Basket Trader and select File Commands-->Open Basket). Import the .bbk file that has been created.

 

 

 

No.

 

 

 

No, the order has to be submitted first via the Buy or Sell buttons.

 

 

 

Type, Security, Expiration year/month, Strike Price, Option Price, Route, Portfolio). For example: BYO 1 DELL DELL 1108 C13 @ 2.71 on "route name" in "portfolio name".

 

 

 

Yes. If the Basket will be used to "BUY" securities, change the Weight Value of a stock that is to be sold to a negative number.

 

In the example below two symbols (C and CAT) will be placed in the basket, where CAT is a buy order and C is a sell order of 100 shares each. The Weight of symbol C is -100.00 and weight of CAT is 100.00:

 

When Buy is selected, the confirmation window displays the orders:

 

 

Conversely, if the basket will be used to SELL securities, a negative weight value will be considered a BUY order.

 

 

 

In Tick Chart Viewer, data reporting can be set for increments as small as one minute. Currently, there is no tick-by-tick data reporting.

 

 

 

The technical indicators that can be used in Tick Chart Viewer along with their definitions can be found here.

 

 

 

Check "Snap Side Type to Defaults On Security Change" in the Quote Cube Order ticket and set up your default side types in Global Configuration.

 

 

 

 

In the Config menu select Show Detailed Quotes. Quote Detail data is displayed at the bottom-right of the window:

 

 

 

 

 

In Global Configuration go to the Quote Data tab. Under Option Book Source Configuration (Level-2) be sure to add the following:

 

 

Quote Source	Service
ISE	ISEOPT
PSE	NYSEOPT

 

 

 

 

Once a symbol has been selected, press the Show Volatility Chart icon:

 

 

 

 

 

Open the Configure Option Quote Cube window and go to the Option Montage Grid tab. At the bottom of the window is the Highlight Period field. To disable the flashing of price movements in the montage grid, set the value to 0 seconds.

 

 

 

 

 

The options to show specific expiration types are available by selecting the Show Montage Filters icon (upper right corner) of the Option Quote Cube. When selected, the Filters window displays. Make your selection(s) in this window (for non-standard expirations, select "All Other"). To close this window, click anywhere in the Option Quote Cube. To keep this window open, select the lock icon. It will remain open as long as the Option Quote Cube is open.

 

 

 

 

 

 

 

 

 

In the Equity Quote Cube and Option Quote Cube tickers is the available column Extra:

 

 

The identifiers and their definitions are as follows:

Identifiers	Definition
REGULAR	Regular Sale
CANC	Cancel Previously Reported Transaction
LATE	Transaction is being reported late
CNCO	Cancel Opening Transaction
OPEN	Opening Trade. Late Report. Out of Sequence
CNOL	Cancel Transaction that is the only one reported
OPNL	Opening Trade. Late report
AUTO	Regular Sale: Electronic Execution
REOP	Regular Sale: Reopening
AJST	Regular Sale: terms adjusted to reflect a stock dividend, split, etc.
SPRD	Regular Sale: Spread
STDL	Regular Sale: Straddle
STPD	Sale at a price agreed upon by the floor personnel involved
CSTP	Cancel stopped transaction
BWRT	Regular Sale: option portion of a buy/write
CMBO	Regular Sale: Buying of a call and selling of a put
SPIM	Execution of an order which was stopped at a price that did not constitute a Trade-Through at a time of a stop
ISOI	Intermarket Sweep Order execution
BNMT	Benchmark Trade execution
XMPT	Regular Sale: Trade Through Exempt

 

 

 

In the Global Configuration window, go to the Notifications tab. From the drop-down list, select the event to launch a notification. Select the sound to play when the event has been accomplished.  

 

 

 

 

Currently there is technically no way to disable a notification without deleting the notification. However, by setting the Sound to <None>, setting the Log Severity to <None> and setting the Action to <None> (or N/A if there is no Action available) the notification will effectively be disabled.

 

 

 

In the Managed Order Console add the column Actual Sprd:

 

 

 

In the Configure Managed Order Console window, enter the desired vol increment in the Vol % Increment field.

 

 

 

Assuming that there is more than one firm name from which to choose and you have the permission to make the change:

 

1. Right-click on the Managed Order Console.

2. Select New Managed Order-->Choose Type and Firm.

3. Select a different firm from the drop-down list:

 

 

 

 

 

The "C" stands for credit ("D" is for debit). This is how much you wish to receive. If debit is selected, this is the amount you wish to pay (or be debited).

 

 

 

Spread Trader sends out each leg of the order individually so there is always the possibility of leg risk. However, the configuration and safeguards of Spread Trader determine the amount of leg risk.

 

 

 

The stop loss is the amount of ticks that you would allow your spread to move before executing a market order to hedge the legged portion of your spread.

 

 

 

In Vol Trader select Safeguards. Check the box and enter a higher value in the Stall if Market Data Lag Exceeds field.

 

 

 

Vol Trader calculates the volatility dependent on the stock side. If you're buying stock, it will use the offer of the stock price. If you're selling stock (as part of the vol order) it will use the bid price.

 

 

 

For managed orders, it is recommended to set the market data lag value between 3 and 5 seconds. A lower value can cause the market data lag.

 

 

 

 

 

 

 

 

 

 

No. Hedge Agent supports other price types.

 

 

 

No. All securities in the portfolio designated as the "Portfolio To Hedge" will be hedged.

 

 

 

Yes. The Hedge Agent safeguard allows for this selection.

 

 

 

Symbols in the "Portfolio to Hedge" may contain short sales. In a short sale, a message launches confirming a Locate ID prior to execution.

In the Advanced Parameters section of Hedge Agent, a Locate ID can be manually input along with the selection to automatically confirm the short sale.

 

 

 

If there is a rule associated with a security, checking the Confirm Rule box will automatically confirm the rule without the need for a query.

 

 

 

It prevents Hedge Agent from hedging until the minimum delta has been reached.

 

 

 

It allows a user to hedge incoming options of the root and hedge symbol.

 

 

 

See the Tabs in Grids page for a detailed explanation.

 

 

 

You can create tabs and customize the tab to display only the desired data.

 

1. Right-click on an existing tab and select Create New Tab.

 

2. Enter a name in the Tab Name window.

 

3. Open the Configure Order Grid window and select the content to be displayed.

 

After creating and naming your tabs, open the Order Grid Configuration and configure the Order Sec(urity) Type filter as desired. For Event Grids, configure the Event Sec(urity) Type.

 

 

 

 

Highlight the selected fills of those in which you have an interest. Right click and select Show Order Summary:

 

 

 

 

 

 

Right-click on the column head for the column Traded and select Show Total. The total will be placed below the last row in the Traded column.

 

 

 

In Advanced Mode select the price type to Stop Mkt or Stop Lmt. For Stop Mkt orders, enter a stop price in the Stop field. For Stop Lmt orders, enter both the stop price and the limit price in the Px field.

 

 

 

 

 

By default, the position fields display the total portfolio position for the day which includes position loads and adjustments. However, the Order Ticket Configuration has a configuration option titled "Day Position Only" which causes the position fields to display the position for only the day's executions.

 

 

 

The Position column displays the total position for the day, which includes position loads and adjustments. The Position Exec column displays the position of only the current day's executions.

 

 

 

First, determine whether you want to use Position Gamma Total or Position Gamma Exec.  Position Gamma Total is calculated using the total position which includes the day's executions as well as position loads and adjustments.  Position Gamma Exec is calculated using the executed position which is only the executions for the current day.

 

Next, insert a Numeric Expression column into the Position Grid.  <Numeric Expression> is located under User Defined Fields. Set the title of the field to something descriptive, like Gamma*Last.

 

For the expression, enter the following: [Position Gamma Total]*[Last]*(.01/(1/[Last])) (Position Gamma Exec and Position Gamma Total are interchangable depending on what you want to see).

 

If you encounter the Ambiguous Field Dialog choose the Field Type that corresponds to the Position you wish to see (Portfolio, Account, or Firm).

 

     

 

 

Save your template as the default. Go to File --> Save as Default Template.

 

Once the column is in your Position Grid you may revise the fields at any time by right clicking over the column --> Set Column Style.

 

After each change, save your template as the default. Go to File --> Save as Default Template.

 

Additional information on inserting columns into grids can be found here.

 

 

 

 

Right-click on any column head in the Quote Grid and select Add Color Condition. Enter the following conditions:

 

 

Highlight a new low/high for a 52-week time period
 

 

This expression can also be written as:

[Last] = [Yr Low] = 1

[Last] = [Yr High] = 1

 

 

 

Highlight a new low/high for today

 

 

Note: Both color conditions defined above can be combined in a single, color conditions table.

 

 

 

No. To configure spreads to be executed at a later time, it is best to use Spread Viewer.

 

 

 

By default, the bid and ask represents the national best bid or offer of all exchanges. To view these values by exchange, use the Quote Dialog.

 

 

 

The Spread Book is the complex order book. In Spread Builder and Spread Ticket the Spread Book can optionally be shown by selecting the spread book icon .

 

 

 

Negative numbers imply credits. A bid of -0.30 indicates that the user wants to collect a $0.30 credit. If the user wanted to pay the offer, they would only collect a $0.20 credit. Using this convention, the spread book displays the $0.30 credit as the bid (since the user would be working the bid and it wouldn't execute immediately) and the $0.20 credit as the ask (as the user would execute immediately).

 

 

 

No, there is no such safeguard.

 

 

 

Yes. This can be done with Spread Viewer and Spread Basket Trader.

 

 

 

Spread Trader trades two products of any securities (two stocks, two options, one option/one stock) with the goal that the change in one security affects the other. Spread Builder allows for the creation of multi leg spread orders of the same security where a leg can either be an Option or an Equity.

 

 

 

The various spread types available for viewing in Spread book are defined here.

 

 

 

The stop loss is the amount of ticks that you would allow your spread to move before executing a market order to hedge the legged portion of your spread.

 

 

 

No. When using Spread Ticket, all orders will be sent as a bundle to the exchange. Therefore, there will be no leg risk with these trades.

 

 

 

If the title bar is missing, the windows are pinned. To unpin WTP windows press the F12 key. Alternately, you can select unpin windows from the WTP toolbar/Workspace Management.

 

Even without a title bar, pinned windows can still be selected and dragged.

 

 

 

Go to https://www.tradewex.com Enter your current trading logon and password. Select client portal, then Reports to view order and execution activity for the past 60 days.

 

 

An average client, watching an option chain, equity level 2 screen, and 100 equity items will consume a steady 64Kb per users with bursts (at the open/close or when moving between products) of up to 256Kb.

 

A high-end index client, watching the Russell, QQQQ and SPY options, and the NASDAQ 100 will consume a steady 100Kb per user, with bursts of 300Kb. Radianz typically carves out the line in 1Mb increments (1Mb = 1000Kb). Radianz also typically charges about $1000/Mb. Approximately 5 users can be handled over a 1Mb line. A recommendation for 20 users would be about a 4Mb or 5Mb line.

 

 

 

From left to right:

 

 

New Notifications—A notification event that was set in Global Configuration has been achieved. Double-click on New Notifications to read the notification.

 

New Messages—A message from Instant Messenger has been received. Double-click on New Messages to view Instant Messenger.

 

Executing Managed Orders—The number of managed orders currently being worked. Double-click on Executing Managed Orders to open the Managed Order Console.

 

Trader Server: (connected/not connected)—A status message indicated whether or not a server connection exists. Double-click on the Trade Server message to open the Connection window to see the status. From this window you can disconnect from the trade server, or adjust the network configuration.

 

Quotes—The status of market data feeds are displayed here. If all quotes are permissioned, the status will be Quotes: OK. If one or more quotes is not permissioned, the quotes indicator will display in red the number of these quotes and the number of quotes that are OK. Double-click on Quotes to display the market data status and determine which quotes are non-permissioned.

 

xxxx.x ms—This value reflects the latency (the round-trip ping time) to the order server. If green, this indicates a generally fast ping time. If yellow or red, there may be an issue with network congestion.

 

 

 

Yes. Right-click on any tab and select Configuration. From the Configuration window select the Format tab. Select one of the alignment options for the tabs and click OK. See more here.

 

Window snapping causes one window to butt against another window (i.e, "snap" together) when both are in close proximity.

 

To enable/disable window snapping, select the option from the Workspace Management menu from the WTP toolbar.

 

 

 

No. You cannot define Toggle Symbol Tracking to work with only selected applets. Once enabled, Toggle Symbol Tracking will respond to symbol changes in all WTP applets.

 

Regarding to two applets only, you can use the Connections feature. With this feature, a connection is be made between selected applets and will ignore all unselected WTP applets regardless of their symbol changes.

 

This is by design. Selecting one security from a grid and employing the send to feature will open the applet that is expected (in this case, the Order Ticket). However, when selecting more than one security WTP will act as if a spread order is being requested. The security that will appear in the Spread Ticket is the one in which the send to feature was clicked on, i.e., if three securities are highlighted in a grid, the one selected security when issuing the send to command will be the one in the Spread Ticket.

 

The best use of the send to feature for multiple securities would originate from the Option Quote Cube. Selecting multiple options and sending them to the Order Ticket will open the Spread Ticket with all the selected options in place.

 

Also, sending two or more securities from a grid and sending them to the Basket Trader will place the securities in the app as expected.

 

 

 

The IOC tracker is not an applet per se. It's designed to appear only when there are issues routing an IOC order. If an IOC order is sent and the IOC tracker doesn't open, you can assume the order has been sent without any problems.

 

 

 

Right click over the specific column and choose Set Column Style. Select the Format tab and change the decimal places to 0.