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At the
bottom of each screen are two action buttons, which are
defined below:
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on image to enlarge |
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The
Pull All button pulls all orders from the Working
Orders portion of the Status Screen. It functions as a panic
button.
Trade
button brings up the Trading ticket screen (shown on the
right) which allows you to manually enter the details of
an intended trade.
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This
is one of several methods of placing trades within RandConnect®.
For other users familiar with electronic trading platforms, this
compares to be a highly intuitive trading method.
Another way is the Single-Click Order Entry method, which has
been considered the easiest method available to RandConnect®
users.
- To place
a Trade, you will click on either the Bid or Offer Price of
a maturity shown (found under the Hot Quotes tab).
- To place
a Buy Order, click on the Offer Price.
- To place
a Sell Order, click on the Bid price. When you first click on
a price, a popup window will display a range of prices above
and below the current price. You are able to scroll up or down
through the popup screen to the price you have selected (shown
in the window below).
Note:
To be able to use the Single-Click Buy or Sell function, you must
have a number of lots that you would like to default to in the Lots
Cell (next to the Trade button).
Once
you have selected the Trade Price, click on the price and
the Confirmation window will be displayed (shown to
the left).
Once
the Trade Confirmation dialog has been reviewed carefully,
click on either:
Yes
to send the trade to the market, or
No to cancel the order entry process.
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on image to enlarge |
After clicking
on Yes, Window 2 will display the new trade in the
Status window (shown below).
In the Status
window, all of the pertinent trade information is displayed. The
St column displays the order status:
- Q
for Queued (order has not yet reached the RandConnect® platform)
- S
for Sent (not yet received by exchange)
- W
for Working
- AP
for Amend Pending
- CP
for Cancel Pending.
The same information
is available (below) with additional variations on the Order Status:
F for Filled, R for Rejected, C for Cancelled.
At
this point, your order is below the in the Status window.
Another popup screen, identical to the screen explained earlier,
now comes up. You can adjust the price to something closer to
the market to get filled. After selecting a new price, an Amend
Confirmation popup is shown.market. To Amend the order to a better
price, click on the order's price.
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on Yes will begin the Amend process, and the
order will be displayed with the status of AP until
it has been amended, then as W for Working. After the
order has been filled, the following popup will display to
notify you of your fill. |
Click
on image to enlarge |
You
can now view your current position by clicking on the Position
tab (near the top right of Window 2).
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on image to enlarge |
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