MD Trader®

MD Trader®

MD Trader Reference

Available settings

These settings affect only the selected MD Trader widget. To update the default settings with these value for newly-opened MD Trader widgets, or to expose an option to apply them to existing opened widgets, click Save as default.

Display

Display settings

Setting Description
Colors Allows you to customize or change the cell and column colors available in the widget.
Highlight midpoint of last recenter Sets whether to show the midpoint (white line) after the ladder is re-centered.
Tick interval per row Sets the multiplier for the tick size at each price in the ladder. For example, if an instrument tick size is .25 and you set Tick interval per row to "2", each price in the ladder would tick by .50. The tick interval can consolidate the display of prices in the price ladder and display a greater range of prices while still showing the total quantity available. If you click the checkbox to enable this setting, the Tick Scale field appears in the MD Trader widget with the tick interval value that you entered.
Auto recenter grid (seconds) Sets how many seconds before MD Trader automatically re-centers the price ladder.
Recenter when market has moved (ticks) Sets whether to automatically recenter the trading ladder when the market moves a specified number of ticks since the last time it was re-centered.
Highlight Last Traded Price (LTP) on price column Sets whether to highlight the price level in the Price column whether the last trade occurred.
View my orders only Sets whether to hide orders from other traders sharing an account. Note that this setting affects only working orders and does not affect the net position value.
Show Liquidate button

Sets whether to show the Liquidate button that allows you to submit offsetting orders immediately to liquidate your position.

Note: This setting does not apply when MD Trader displays synthetic instruments, such as Autospreader or Aggregator instruments.

Show free-form text fields Sets whether to show the Text A, Text B and Text TT free-form text fields in the Order Pane.
Show tabs Sets whether to display tabs at the bottom of the widget for the instruments used in the widget.
Reset order type to Limit after each order Sets whether to reset the Order Type drop-down to Limit automatically after an order with another order type is submitted.
Color bid/ask cells by side and price Sets whether to display the background color of cells in the Bids and Asks columns for price levels on the oppsite market side.
Ignore global Account List broadcasts Configures the widget to ignore account selections made in an Account List. When checked (enabled), the widget ignores account selections broadcast by an Account List widget.
Display algo flyout panel based on mouse location Sets whether to display the algo flyouts at the top of the widget or parallel to the mouse location when selecting a TT Order Type or algo from the Order Type dropdown,
Display only the working qty for orders Sets whether to display only the total working quantity of orders at each price level instead of the detailed view for working orders.

Set Order type buttons

These settings allow you to add or remove buttons on the MD Trader widget for commonly used order types.

Button Description
+ Adds a new custom button
X Removes a new custom button
Order type Selects the order type to associate with the button
Label Sets the to display on the button
Preview Shows what the button will look like

Market Data settings

Setting Description
Show price as net change Displays prices in the ladder as the difference between the last traded price and the settlement price for the instrument.
Only show direct prices When this setting is checked (enabled), implied prices are filtered out and only direct prices are shown, and implied bid and ask quantities are not included in the best bid and ask quantities. When unchecked (disabled), best bid and ask prices and quantities include both direct and implied values.
Show implieds with asterisk (*) When this setting is checked (enabled), asterisks are displayed next to quantities that are partially or completely implied. Valid only when the Only show direct prices setting is disabled.

Columns settings

Setting Description
Last Traded Qty (LTQ) Sets whether to show the LTQ column
Volume at Price (VAP) Sets whether to show the VAP column to display volume-at-price data.

Note: Enabling this setting also adds the VAP sub-menu to the MD Trader context menu.
Show LTQ on VAP Shows the last-traded quantity (LTQ) in the VAP column.
Place in Queue (PIQ) Displays how many contracts are in front of your order at any given price. Click (check) the checkbox to enable and display PIQ values when the PIQ column is shown in MD Trader®. The Enable Position in Queue (PIQ) checkbox is unchecked (disabled) by default. If this preference is disabled when the PIQ column is shown in MD Trader, each cell in the column will be blank.

Note: Position In Queue values are estimated on non-CME markets.
Order headcount Shows/hides the BCnt and ACnt columns. Check this option to show both columns. Uncheck to hide the columns. The BCnt column shows the number of orders comprising the total bid quantity at a price level. The ACnt column shows the number of orders comprising the total ask quantity at a price level.
Aggregated legs If trading an aggregated instrument and you enable this setting, MD Trader will open the corresponding legs of the instrument in separate MD Trader widgets.

Order Entry (local only)

The settings in the Order Entry (local only) section affect only the current MD Trader widget.

Setting Description
Maximum order quantity Sets the maximum quantity allowed per order.
2nd default order quantity Provides the ability to right-click in the Bids and Asks column at a price level to submit an order with a different default order quantity. To enable this feature, you must check the checkbox and type a quantity in the box to the right of this option.
Stop Limit payup (ticks) Sets the maximum number of ticks away from the Stop trigger price to enter the Limit order.
Save as default

The settings in this section apply only to the current widget. To change the default settings for all MD Trader widgets, click Save as default.

Context menu options

Right-click in the MD Trader widget in the Price column, or anywhere not in other columns, to open the context menu. On this menu, you can select the following options:

  • Show/Hide Order Pane — Toggles the order pane, which contains all order entry options for the widget.
  • Show/Hide Header Pane — Toggles the header pane, which contains market data for the selected instrument in the widget.
    Note: When this pane is hidden, the Net Change is displayed in the Order Pane below the TIF dropdown.
  • Open — Launches additional widgets for the instrument:
    • Time & Sales — Open the Time & Sales widget for the selected instrument. For multiple instruments in MD Trader, click the tab for the instrument, first, then select Time & Sales from the context menu.
    • Chart — Opens a chart for the selected instrument. For multiple instruments in MD Trader, click the tab for the instrument, first, then select Chart from the context menu.
  • Columns — Diplays or hides additional columns:
    • VAP — Volume at price data
    • PIQ — Number of contracts in front of your order at a price level
    • LTQ — Quantity of the last trade
    • Order headcount — Number of orders comprising the total bid and ask quantities
  • VAP — Provides ways to customize the VAP display:
    • Show/Hide VAP — Shows or hides the column
    • Show bars — Shows or hides the VAP bars when VAP is shown
    • Split bid/ask volume — Displays the bar with blue and red to indicate the relative bid and ask quantities
    • Show values — Displays the total VAP as a number
    • Overlay LTQ values — Displays the last-traded quantity at the price level in the VAP column
    • Reset VAP — Resets the VAP counter for the widget and starts displaying VAP data that occurs after the reset. The VAP column header is hightlighted to indicate that the widget is displaying partial VAP data.
    • Restore VAP — Cancels the effect of a VAP reset and restores the display of VAP data to include historical values. Restoring VAP also clears the column heading highlighting.
    Note: The VAP sub-menu is visible only if the Volume at Price (VAP) column is enabled.
  • Zoom...: Zooms the view of the widget.
  • Settings:" MD Trader... — Opens the MD Trader settings menu.

Free-form text fields

The following table provides descriptions of the free-form text fields on the MD Trader order pane for exchanges supported by the TT platform.

Text Field Description Exchange API Mapping
Text A

May contain an optional, user-defined text value seeded from the Setup application that remains on the order in the TT system. This value may be routed to the exchange for clearing and back office purposes.

You can override the default value displayed on the Order Ticket or enter a new value if the field is blank. Alpha-numeric and special characters are allowed. The following exchanges have a maximum character length for this field:

  • ASX — 6 characters
  • BrokerTec — 32 characters
  • DGCX — 128 characters
  • EEX — 12 characters
  • Eurex — 12 characters
  • Euronext — 14 characters
  • ICE — 12 characters
  • ICE_L — 12 characters
  • MEFF — 15 characters
  • MX — 25 characters
  • SGX — 32 characters

The value in Text A is routed to the following exchanges (Setup app user exchange field is in parantheses):

  • ASX — Tag 58 (Text)
  • BrokerTec — user_id_s (Text)
  • DGCX — Tag 58 (Text A)
  • EEX — Tag 25007 (Text 1)
  • Eris — Tag 58 (Text)
  • eSpeed — Tag 58 (Text)
  • Eurex — Tag 25007 (Text 1)
  • ICE — Tag 9121 (Memo Field)
  • ICE_L — Tag 9121 (Memo Field)
  • KCG — Tag 58 (Text)
  • MEFF — Tag 58 (Text 1)
  • MX — Memo (Text 1)
  • OSE — customer_info_s (Text 1)
  • SGX — exchange_info_s (Text 2)
  • TFX — Tag 10001 (Text)
Text B

May contain an optional, user-defined text value seeded from the Setup application that remains on the order in the TT system. This value may be routed to the exchange for clearing and back office purposes.

You can override the default value displayed on the Order Ticket or enter a new value if the field is blank. Alpha-numeric and special characters are allowed. The following exchanges have a maximum character length for this field:

  • BrokerTec — 15 characters
  • EEX — 12 characters
  • Eurex — 12 characters
  • SGX — 15 characters

The value in Text B is routed to the following exchanges (Setup app user exchange property is in parantheses):

  • BrokerTec — exchange_info_s (Account)
  • EEX — Tag 25008 (Text 2)
  • Eurex — Tag 25009 (Text 3)
  • MEFF — Tag 1 (Instead of clearing account name)
  • OSE — exchange_info_s (Text 2)
  • SGX — customer_info_s (Text 1)
Text TT

Contains an optional, user-defined text value seeded from the Setup application that remains on submitted orders for tracking purposes in the TT system, but is not routed to the exchange. You can override the default value displayed on the Order Ticket or enter a new value if the field is blank.

None. This value is not sent to the exchange, but remains on the order within the Order Book, Audit Trail, and Fills widgets.