MD Trader®

Entering an order

Entering an order

In MD Trader, you can easily configure an order, and quickly and safely enter the order for an instrument with a single click.

Before configuring and entering an order, configure the following parameters in MD Trader:

To enter an order in MD Trader:

  1. Select an account, order type, and order restriction (TIF) in the order pane or use the default settings for each. An account is required for submitting orders on TT.

  2. Enter an order quantity: Type in a value, use your default order quantity, or click one of the quantity buttons. A quantity is required for submitting orders on TT

    If needed, use the CLR button to clear the quantity field to enter a new quantity.

  3. Click either the Bids or Asks column next to a price level to enter the order.

    If desired, right-click in the order placement columns to enter an order using your second default order quantity.

Customizing order quantity buttons

To customize order quantity buttons:

  1. While pressing the Ctrl key, right-click in the order quantity number pad buttons. The order quantity button interface opens.

  2. Change an order quantity in the interface. The value immediately changes on the corresponding number pad button.

  3. Click Save.

Entering new orders on hold

Optionally, you can enter new orders in MD Trader as held orders, then resubmit the orders from the Order Book at a later time. To enable this functionality, check the Show held-order toggle in the MD Trader widget settings to show the Hold button in the MD Trader order panel.

To enter an order as a held order, click the Hold button, then enter the order. The Hold button is highlighted yellow when it's active. When active, all newly submitted orders from MD Trader are submitted "on hold" and appear in the Order Book widget with a status of "Hold" in the Status column.

New orders can be submitted as held orders for the following natively supported order types, which vary by exchange and product:

  • Limit
  • Iceberg
  • Market to Limit
  • Stop Limit
  • Stop Market