Home

Lightspeed Trader

1. will use the weno 1st color for shares to all others display Decimal positions EDGX 28 3100 26 2000 28 0100 29 5100 510 29 5100 1020 FIRM Settings 5000 Unlink 1530 Size in 100 share lots w Filter by size 500 Hide heading Users may also now scroll through the many levels of the Books window just as they do with the Level 2 Hitting CTRL Down Arrow will facilitate this when the Books window is in focus Optionally show ECNs in Books Window Display the ECN Name in the Books window in any column by selecting from the below menu fz Link Settings Unilimk Size in 100 share lots Hide heading Price ye EY o Size H Column 2 Column 3 w Show ECN Checkboxes Bi Not shown Positions Window Back to Quick Ref The Positions window displays any open and or closed Positions You may open as many positions windows you like To customize columns and fonts use the right click menu Symbol Position CB Open P amp L CB Closed P amp L CB wared P amp L ALU 100 oO 00 S00 00 Filter your Positions window by Instrument or Position Side by using your Right Click Menu Long positions only Short positions only Equity positions only Option positions only Future positions only Note Position filter will not save after log off on To Display Hide Closed positions use the display subtab seen below You can also view Summary Rows of your Long Short
2. J 2 30 2 39 Underlying EaR Strike Put Call Contracts AAPL wv 7 170 00 ufs pca a E Price Market Order Type 2 22 CITI Limit DAY M Go When all components are populated the user must click GO on the lower right corner of the window to launch the order Traders may choose to eliminate the Go button and send orders immediately by clicking on the Buy To Open or Close Sell to Open or Close buttons This can be done by right clicking on the Option OEW and unchecking Use the Go button to send an order in the Design sub tab This feature should be used with caution since it will send orders rapidly As an added feature this new Options Order Entry also supports Fill or Kill from the TIF Options Level 2 Window Back to Quick Ref Once open populate the Options Level 2 Window by double clicking on any option symbol in your option chain or by manually typing in the symbol no exclamation point is necessary Option Quotes Mar 20 10 113 00 Call SPY 1 30 1 30 1 09 0 93 By default your Options Level 2 window is linked to your focused Equities Level 2 window Option Chain and Options Order Entry Window If you type up a new underlying symbol in any of these windows the Options Level 2 window will clear The Lightspeed Trader Control Panel ack to Quick ref To access the Control Panel click Utilities from the Menu in the top left corner or click
3. Fa Page Switch to Laptop Mode Exit Multiple NextGroup Access Keys PrevGiiroun Windows Menu Back to Quick Ref Use the Windows menu at the top of LS to keep track of the windows you currently have open on each page Choose a window to change focus to selected window Lignfspeed File dew Utilities Windom i MERL HotButtons 4 4PL DJIA 11 397 Chart APL 108 Days AAPL Account Summary List Order Entry Positions 4 4PL3 Materials Select Sector SPDR ALB Orders 44PL Watchlist Order Imbalances 0 symbols amp 4PLI Apple Inc 44PL Import Export Settings Back to Quick Ref Use the Utilities option in your top bar to import and export your settings locally When a layout is chosen for import you will be given the option to save to our servers immediately or wait for the option to save at log out Lignfspeed File Aew Utilities Windows i VW Configuration Settings Pile mtaust Desktopsls Layouts BAasiCTES T settings lec Send new configuration to server wes Not Now LAJIA Export Settings Import Settings Active and Inactive Level 2 Color Scheme Back to Quick Ref When using multiple Level 2 windows on a page in Lightspeed you can customize a different color scheme for the active and inactive Level 2 windows This will help you quickly identify which Level 2 window orders will be sent from To customize this use the Level and Level 2 Sett
4. For Listed Stocks For Unlisted Stocks Io l For Futures GBE Market Ord ore This will dictate the routes orders sent by your Positions Order Entry and Miscellaneous Order Size Keys such as Closeout All Closeout Long Short etc Select the order directions from the dropdown menus Confirms Subtab ADMIN About Accounts Alerts Advanced Orders Baskets Custom Orders Design ECN Orders Increments Keyboard ri acc Linking MM Boxes Reserve Risers amp Fallers Super Smart Smart Orders SOES Tier Sizes Trading Windows Closeouts Confirms TIF Warnings Events Confirms Contin Mew Orders o Cantin Order Cancellation V Confirm Order Change Cancel Replace v Contirm Closeouts Confirm Option Orders contirm List Orders Select which types of orders cancels you would like to confirm before the order goes out to market Note This will add an Additional Confirmation on pop up orders orders that already require a confirmation TIF Subtab About Accounts Alerts Advanced Orders Custom rders Design ECNOrders Increments Keyboard Linking 3 P Bag on m m fi 7 m 7 MM Boxes PosMan Reserve rs amp Fallers Smart Orders SOES Tier Sizes Trading Windows Cancels ARCA Esc and All All but Day ATTN TAER 00 03 00 ONE S SHIFT ESe and AES 08 00 00 EN eae 00 00 00 SHIFT cancel ayer aera 08 00 00 ry amma 00 00 00 ee INCA DAY TETS 8 00 02 ap ONG ar c
5. 2 tier size 100 Through 0 The order will send 200 share orders 2x100 to up to the first 4 MMs ECNs on the inside market Custom Orders tab Back to Quick Ref MM Boxes PosMan Reserve Risers amp Fallers Smart Orders SOES Tier Sizes Trading Windows F z P About Accounts Alerts Advanced Orders Custom Orders Design ECH Orders Increments Keyboard Linking _ All Al Commands OT _ New Commands command Name CUSTOM a p The custom orders tab allows the user to create custom order types The user can edit and rename exiting custom orders under the All Commands section To create a new key 1 Name your key Command Name then hit New 2 A new order windows will appear MM Boxes PosMan Reserve Risers amp Fallers Smart Orders S0ES Tier Sizes Trading Windows i gt a z ra p About Accounts Alerts Advanced Orders CustomOGrders Design ECH Orders Increments Keyboard Linking All CUSTOMS Type Custom Mame CUSTOMS ae Market Display Through _ Order Size _ Popup With Position to close Confirm Visible 0 000 me Closeout L Yes a Tiers T ho pales J Bic Quantity z PASE TIF Nasdaq Bid Wifhout Position fo close asda qj Ask v Tiers V Quantity Side Check either Buy or Sell Market The market the key will execute on e g NYSE If you would like
6. Users can also create Custom Stop and Trailing Stop orders in the Custom Orders tab in Lightspeed Trader These orders are eligible to be sent in any symbol and can be executed with any order type the user chooses The order will be triggered when the symbol trades once at your Stop Price or Trailing Stop Price When selecting Trailing Stop your stop price is adjusted as the stock fluctuates The order will execute if the price drops by your Trailing Amount from the highest price level reached from the time the order is entered for sell orders or if the price increases by your Trailing Amount from the lowest price level reached from the time your order is entered for buy orders To create these orders proceed to the Custom Orders tab select Stop from the New Command drop down and type in a name for your new order command Remember to name your order something that will correspond with exactly what type of order it is such as Buy Sell Market Limit etc Once this is completed select New to continue designing the order i J B d r g m i About Accounts Alerts Advanced Orders Baskets Custom Orders Design ECHN Orders ADMIN F All All Commands _ _ New Commands stop Ra Command Name TRAILINGS TOPBL hE T Once you select New the page seen below will appear 1 Select whether you would like the order to be a Stop or Trailing Stop Order with the radio button
7. Volume Rate The volume for the period divided by minutes in the period if period is Day Volume is divided by minutes since 9 30 AM EST Range Price Range as a of First Price SERIE Watchlist 5 Close Open Change 05 t Range 05 volume 10 First Proce 05 HFL 05 High Price 05 Low Price 05 4 65 4 67 0 43 15 041 7 4 68 4 68 4 66 57 185 130 93 131 48 347 88 345 29 Options Tab Linking MM Boxes Reserve Risers amp Fallers Super Sman SmarntOrders Tier Sizes Trading f Windows a atchlist iia Watchlist Optiens Layout Columns FocusWnd Key Window r Row Highlights Column Colors Mone Net Change Symbol H Trades Trades ymbol List High Low Tick i z i Met Change z HightLowr Link List SUM Row Y Show Sum Row Cancel Highlight rows based on Trades High Low Net Change Set Column Colors based off of Net Change Trades tick or High Low Show Sum Row at the bottom of the Watchlist Window The Watchlist can be linked to ONLY show the symbol in the active Quote Window by choosing Link from the drop down on the right of the Options settings Select Link List to display the custom list that the symbol resides in Back to Quick Ref Account Summary Window The account Summary Window displays the user s trading statistics for the current session Account Summary Marked P amp L 0 00 Buymg Power 1 000 000 00 0 00 Remammg BP 1 000 000 00 Pendmg Or
8. Add Alert Show Mews Settings Level 1 Settings Level 2 Settings Show Column Names Show Column Lines Hide Active Window Borders Select a Level 2 Skin Save this layout as a Skin add Phantom Share Add Remove Phantom Share Will add remove a Berges hanan Shere phantom share to the messages window see below Add Alert Add Alert A pop up will appear Show Mers Alert i Frice 8R Z4 Settings Level 1 Settings Level 2 Settings Show Column Mames Show Column Lines Expiration None Hide Active Window Borders July 12 2007 Y Select a Level 2 Skin Saveti avautaea Sen You can then customize triggers for that current equity Show News This will bring up Yahoo Finance for the selected equity Settings MMBox pop up menu Back to Quick Ref Quotes tab Smart Orders SOES Thermographs Tier Sizes Trading Windows ADMIN About Accounts Alerts Advanced Orders Baskets Custom Orders Design ECN Orders Export Increments Keyboard Linking MM Boxes Order Entry Reserve Risers amp Fallers Super Smart Quotes Design Price Levels Highlights Shortcuts integrate Direct Quotes p Exclude MMs Z ARCA ADF Remember stock BATS D Multiple windows stock EDGA Display closed q u otes Save recently entered symbols EDGA Order list by most recently used FLOW Order list by most frequenthy used NSDO Order list alphabeticall
9. O ptions Trading Back to Quick Ref Options order entry must be done through this order entry window You cannot use the keyboard OPTIONS Order Entry 2 WHR WHR Aug Call 4 E SE DAW artis Expiration Strike Put Call Contracts ANR Dno A00 LE Pee 1 E Price Market Order Type TIF Sell to Inside Bid Inside Ask to When all components are populated the user must click GO on the lower right corner of the window to launch the order Traders may choose to eliminate the Go button and send orders immediately by clicking on the Buy To Open or Close Sell to Open or Close buttons This can be done by right clicking on the Option OEW and unchecking Use the Go button to send an order in the Design sub tab This feature should be used with caution since it will send orders rapidly Note The Options Order Entry also supports Fill or Kill from the TIP Options Positions will be indicated in your existing positions page with a gray background seen below You may add Underlying Symbol from the Options Column choices and sort by this column in order to show options positions and equity positions in the same symbol together You may add columns like In Out of the Money or Expiration Days to manage your time and cost of the option position e Options Positions will count against your Equity Buying Power e All Options positions are considered Non Marginable e There is no such thing as a str
10. connection Back to FAQ Ref A Yes your live DAY orders will display when you attempt to log out check the ones you would like to leave open Q How can I have the same market maker box on all of my pages in my layout Back to FAQ Ref A As described here users can Click on the L icon in the top left corner of any window and select Lock from the menu This will ensure this window is displayed on all of your pages Q What are the available indices I may use in the Lightspeed Watchlist Back to FAQ Ref A There is a list of available indices available for download on the website All indices are en preceded by a Q How can I mark my P amp L to the inside market instead of Last Trade Back to FAO Ref A The Lightspeed Trader Design Tab seen here offers a drop down to Mark P amp L by Last Trade or Inside Market Q I am enabled to see NSDQ quotes and ARCA quotes why do I not see them in my Level 2 Back to FAQ Ref A To integrate ECN quotes in the Level 2 right click on the Level 2 and select settings seen here You can check ECN s you would like to integrate and select a of price levels to integrate or uncheck the ECN if you would not like them displayed at all Q How do I remove an ECN or market maker that I don t wish to display in my Level 2 Back to FAQ Ref A When a user Right Clicks on a Level 2 and goes to Settings you will see a list of ECN s under Integrate Direct Quotes seen here U
11. q Order Modification GE g CE Inside Bid Inside Ask 37 07 37 08 j sama er Market GE Ef 36 80 oe ARCA Direct a Cancel Order You can edit any of the properties of the order here when you are ready to resend the order click Modify Remember Modified Orders will NOT maintain their place in price time priority an entirely new order is sent on your behalf Right Click Order Entry Closing Positions from the Positions Page Back to Quick Ref Users can right click on any position in the positions window and see the below menu Fositian Symbol Tice Manked P amp L i Pos Walue r Stock 100 FXE 14 750 00 SYMBOL FSE Phantom Shares N 11 475 00 Hide Position l T 0 030833 101 356 00 0 06 11 475 00 0 039412 112 831 00 Change Columns Change Fonts Save to File Unilink Link To Focus Hide Banner Close Window Select the first Closeout option to close a position in the particular symbol you right clicked on select the second Closeout option to 1 close all of your positions 2 close all long positions 3 close all short positions or 4 some percentage of all of your positions These Closeout functions will send Market Orders to the primary market to attempt to close the positions to their entirety Options and Futures are also included in this order type if you have these positions Custom Orders Back to Quick Ref In addition to pre defined
12. All Nasdaq Limit On Open Imbalance Orders that do not try to execute against an existing imbalance will be rejected after 9 28am EST All Nasdaq On Open Orders cannot be cancelled after 9 28am EST Nasdaq Listed Symbols On Close Guidelines Market and Limit On Close Orders and Cancels in Nasdaq symbols are accepted until 3 50pm EST At 3 50pm EST Nasdaq publishes a list of imbalances for their Closing Cross After 3 50pm EST Nasdaq will only accept Limit On Close Imbalance Orders against an existing Imbalance These orders are accepted up until 3 59 59pm EST Lightspeed Trader provides a list of the Nasdaq Closing Imbalances in the Imbalances Window Imbalance info is disseminated at 3 50pm EST and is updated every second until 4pm EST All Nasdaq Market On Close and Limit On Close Orders will be rejected after 3 50pm EST Only Limit On Close Imbalance Orders will be accepted All Nasdaq Limit On Close Imbalance Orders that do not try to execute against an existing imbalance will be rejected after 3 50pm EST All Nasdaq On Close Orders cannot be cancelled after 3 50pm EST For more information about the Nasdaq Open and Closing Crosses see the following fact sheet provided by Nasdaq http www nasdaqtrader com content ProductsServices Trading Crosses fact_sheet pdf A Few Things to Remember about On Open and On Close Orders A Market On Close Order to buy to open or close a position or sell a long position WILL BE FILLED
13. Can I change the color settings in the highlighted active Market Maker Window Q Q Can I configure the color of certain columns in my positions page based on whether I am long or short Q Can I move the main Lightspeed bar independent from all the other windows Q How does Lightspeed show preferred s and how are Class A and B stocks differentiated Q Is there a way to toggle off and on the closing out of positions vs tier size orders Q Can I toggle through other ECN s with my keyboard with one mapped bid offer key Q I don t want my Tier Sizes to permanently change when I manually set them Can I have them reset to the default after retyping Q When I initialize an Order Pop Up Window the price does not dynamically update to the inside market I d like to change it so it s dynamically updating price How do I do that Q With respect to the Super Smart commands do they by default include all the market participants ECN s regionals and national exchanges or do I need to specify each participant I want included Q Within the Super Sr nart can you clarify what overspray is Profile Setup The Lightspeed Trader Palette Back to Quick Ref To access the palette click the View option from the choices in the top left corner or click the P located on the top right corner of Main Bar Lightspeed TSTNY3 Local File dew Utilities MP8 O Exp O Cat 0 00 MAvg 0 Val O DJ
14. Entry Pop up Type any key to dismiss pop up excluding D H N A for Day Hidden Non Routable and Add Only respectively Keyboard Tab Back to Quick Ref Linking MMBoxes PosMan Reserve Risers amp Fallers Super Smart SmartOrders SOES Tier Sizes Trading Windows ADMIN About Accounts Alerts Advanced Orders Baskets Custom Orders Design ECNOrders Increments Keyboard vi Fe Closeout Orders up to tier Closeout Entire Pos Orders Miscellaneous Size Orders Custom Commands Cancel Order Keys Trading Function Keys o Non trading Function Keys Access Keys Enhanced keys Order Entry Popup Use Alt Attor Closeouts Disable Closeouts ifthere are no positions The Keyboard tab is where the user customizes all keyboard commands Mapped Key functions Left column All mapped keys are displayed next to their trigger keys in this section Note Each letter is associated with a subscript letter S A C or a combination of S A C S Shift A ALT C CTRL Use the check boxes in the middle bar to display all Shift CTRL and ALT keys or a combination Note Click any key on your keyboard to navigate to that key in the Keyboard Tab Available Key functions Right column All available key functions are displayed here Function Key check boxes The check box on the far right is used to display all the available key functions Tier size order Displays all tier size key functions Closeout Or
15. J9 100 Always On Top Joad Fall 35 6 100 Config Palette Unilink Link To Focus 0 Quote Window FFIV To link the book to the MMBox use the link menu from the icon in the top left cornet of the window and then select either link to focus or the desired window Link to focus will display info in the Books window for the active MMBox The user may also integrate the ECN book into the MMBox If you do not see the ISLD ARCA or OPEN options speak to your Relationship Manager about access to these quotes Right click in the books window to select the color and background color of each ECN or to select the font of the entire book or to select the number of decimal places you would like the book to display ADMIN About Accounts Alerts Advanced Orders Baskets Custom Orders Design ECN Orders Increments Keyboard Linking MM Boxes Personal Tickers PosMan Reserve Risers amp Fallers Smart Orders SOES Tier Sizes Trading Windows Design Window 00 000 0000 Decimal positions displayed Will seine ontcolor sill SBE st color for 123 45 BG color 4 45 all others i Users can set a Minimum Shares to Display in the Books Window to filter out smaller lots Set the Minimum Shares to Display in the Settings seen below and use the Right Click Menu to turn the filter on off setb ook Font Oo NMSODOASLE Set Symbol WY ARCA Single font colar sie i MES E
16. No Positions This will prevent Closeout and Closeout Full Orders from sending your Tier Size when you are not holding a position Linking tab Back to Quick Ref Linking MM Boxes Reserve Risers amp Fallers Super Smart Smar Orders Tier Sizes Trading Windows a General Link to Focu B Existing Links The Linking tab allows the user to link to 3 4 party software vendors e g E signal Lightspeed Trader will re link to previously linked applications after reconnect provided that application is already running and in same screen position as previous LS log in session How to link 1 Select the General tab 2 Check enable Linking to 3 Hit Add a link A pop up window will appear LINK TO Window Selection Click the left mouse button on the Lightspeed logo drag the logo over the window you wish to link to and ther elease ue mouse 4colication Mame The window vou select should be a location where vou key in a symbol 4 Drag the linking Icon into the application as specified by your System Administrator 5 Use the pull down menu above to select the window for data transfer 6 Setup symbol translations for 3 party applications by clicking Add Edit Rules highlighted above For example in Lightspeed we use a p to designate a preferred stock A 3 4 party application that a trader may link to Lightspeed may use a to designate preferred class
17. Pet Pa Remove From tab group Lightspeed Trader Chart Window Back to Quick Ref Number of Days Bars Symbol Currently Displayed Level 1 Data Price Enans P G 90 Days SPG 35 52 38 48 x 36 65 10 605 467 4265 42 17 38 00 Last Trade 20 0M 47 22 2009 08 13 16 22 1000 Day 36Month 90 Day 60Fixed Today Buttons representing pre set time frames I Changing the Chart Parameters Back to Quick Ref The new charts allow users to create time frame buttons These buttons are used to quickly switch between pre defined time frames and chart settings and are displayed at the bottom of your chart window Change the Timeframe Displayed or Set Parameters for a New Button Name Your New Button Super Smart Smart Orders Thermographs Tier Sizes Trading Windows AL LL Charting Chart Parameters Plot Settings Display Style Window Debug ee ee ss Params Buttons Period v 1 Year Bars Back 90 1000 Day 36 Month 90 Day gf Show Pre Post Market Today Bars Back Days Back Charts Change the Order that your Buttons When Selecting an Intraday Chart are Displayed you can Select a of Days Back OR choose a Fixed of Bars Back There are several ways to change the Chart Parameters you are looking at 1 Buttons at the bottom of the chart 2 Right Clicking and Selecting Chart Parameters 3 Using your mouse Wheel to Scroll backward forward through time 1 Selecting Chart Parameters Select from D
18. Risers amp Fallers Smart Orders SOES Tier Sizes Trading Windows About Accounts Alerts Advanced Orders CustomOrders Gesign ECH Orders increments Keyboard Linking Saot PY Tier Size Orders p Closeout Orders up to tier i Closeout Entire Pes Orders Miscellaneous Size Orders ont TER Custom Commands Hilt Cancel Order Keys eitri Anii Trading Function Keys Multiple Use apace as the Tab key Enhanced neys Order centry Popup se Alt Altfor Closeouts a wew NON e o oro 2 Use the lock feature located in the pop up menu on the top left corner icon of every Lightspeed Trader window to keep windows constant on each page If unchecked the window will remain only on the page that it was created in Move Size Minimize 25 325 10 Always Qn Top Contig Palette Link 1 ARCA 138 27 1 ARCA 138 30 10 ISLO 138 44 1 ILD 138 45 Close NOTE This feature is very useful for traders that prefer separate layouts when trading different sectors Itis also a streamlined way of overlaying windows rr The Market Maker Box Back to Quick Ref There are 2 versions of the MMBox For those users that want to have full control to customize fonts colors etc select the second MMBox icon labeled quote 2 Customizing the MMBox Back to Quick Ref Levell Level d BATS 85 22 4 ARCA 85 22 4 ISIN Su 22 Add Phantom Share Remove Phantom Share
19. a ce ti Cancel All Orders On Market Clase All but Day Enable SPACE to Esc does nothing cancel all orders Cancel Crossed Orders Enable to cancel selected orders SHIFT Ese amp SHIFT Set various keys to Cancel All Orders Cancel Crossed Orders Cancels open order you are about to cross instead of rejecting new order with message Cannot Cross Own Bid Offer Cancel Pending Orders When Position is Closed Check the option in order to cancel open orders for symbol when position in that symbol is closed flat Note If the user selects Cancel All Orders on Market Close he she must be logged into Lightspeed at time of Market Close to use this feature Windows tab Back to Quick Ref About Accounts Alerts Advanced Orders Custom Orders Design ECNOrders Increments Keyboard Linking 5 pate ee 7 P TER PosMan Reserve Risers amp Fallers Smart Orders SOES Tier Sizes Trading Windows iv Account Window F amp L Combined Closed F amp L Divider Marked Combined Marked F fer ntity Quantity Traded Equities Long Short Divider Equity Added Liquidity Equity Added Liquidity E Equity Executions Eq uity Removed Lig uici Eguity Removed Liquici v Unused Equities Default The windows tab allows the user to fully customize all displayed windows Using the pull down menu the user can select one of the currently opened windows The user can then customize the window using the tabs avail
20. and ECNs Simply enter a MM ECN ID select a color from the pull down and hit add Stock If Al is checked the MM ECN entered will be colored all equities If or is checked then the MM ECN entered will only be colored for the equity specified in the stock box Highlight own order If this is checked the users open orders will be displayed in the MMBox with the color specified Level 1 Settings MMBox pop up menu Back to Quick Ref C Ee i Fonts amp Colors emplate right click in the template to set vertical spacing between the rows Data Fields a Active Ba 2 4 Tier Size 1 2 b i CLOSE PRYVOL Last a Open Change E Change Drag any of the data Fields injiout of the template Show Met Imbalance popup Field Aligned columns or Best Fit Use default This window allows the user to fully customize the level 1 see diagram above Level 1 design template The user can drag and drop each field to a preferred location By checking the check circles on the right the user can insert spacing between each line of fields Data Fields These are the available fields that can be used in the level 1 Level 1 information Fonts The user can fully customize the font of the level 1 fields Active and Inactive Background The user can define a background color for the level 1 area for the active MM Box and the Inactive MM Box Be
21. at same price as best NBBO Set your price to your Limit Price the highest price you would be willing to buy at or the lowest price you would be willing to sell at In the example below the order in GOOG will display at 611 02 and will continue to peg to the best bid until the bid price exceeds 612 01 or until the order is filled e1201 i100 KOY E 612 70 614 34 607 53 Order Entry GOOG Symbol Shares Limit Price Market Type Visible Peg Offset TIF Inside Bid Inside Ask ARCA Primary Peg ARCA Primary Peg is a passive order that is intended to peg to the best NBBO on the same side of market Users can only peg to the inside market Set the price to your Limit Price the highest price you would be willing to buy at or the lowest price you would be willing to sell at In the example below using my keyboard key or Order Entry Window I will peg to the inside bid of 113 86 and will not execute at a higher price oo NY1 D DI 112 98 Z 113 85 25 Order Entry SPY z l symbol Shares Limit Price Market SPY 100 2 113 86 El ARCA F Type Visible ARCA Primary Pea 100 0 00 aj DAY I Inside Bid Inside Ask Nasdaq and ARCA Midpoint Peg Midpoint Peg is a hidden order that is pegged to the midpoint of the bid and offer These orders will peg in half penny increments in the event of an odd spread Set the price to your Limit Price the highest price you would be willing to buy at or the lowest p
22. atthe Bid Remove A o 0 Marketable Limit _ individual Buy atthe Bid i SE EE es 2 5 0 05 00 00 01 Total Overspray Shares 6 9 00 03 00 The Supersmart Order tab customizes the smart orders keys found under the keyboard tab There are 2 Supersmart Orders so the user can set different settings for each order The default setting for both will do exactly the same thing 1 Target Indicates how you want orders priced 2 Preferred Markets The Preferred Market option allows you to specify a routing preference when there is a choice of many venues at the same price 3 Remainder Select a Market to post the remainder of your order on in the event that all prices up to and including the marketable limit have expired and your order was not completely filled 4 Through Supersmart will simultaneously send orders to all participants within your Through Amount 5 Marketable Limit The marketable limit is the amount you are willing to let the price of the stock trail up when buying or down when selling while still continuing to execute your Supersmart order 6 Overspray Shares This will determine how much more size than a participant is displaying you are willing to send on each order 7 Pop Up Confirm This determines whether you would like the Supersmart Order to Pop Up or go in without a confirmation 8 Individual Order Time in Force This configures the Time in Force TIF of the orders sent to each participant by
23. charts The Style includes all of the above settings Colors and Fonts as well as any studies you have added COND UI III Chart Style Part 2 Customizing Chart Type Back to Quick Ref Choose Chart Type Candle Bar Line Mountain Ete Add a Study or Overlay to your Chart Super Smart Smart Orders SOES Thermoygraphs Tier Sizes Trading Windows Charting Chart Parameters VAIA Settings Display Style Window Debug Price Volume Acid Study Current Studies Price Style Candle Hollow Simple Moving Average CC MSFT Bar Width LEPE m o i Line Width v Bars 20 MA 20 ne sye ine Baie ae ka PERR E Show Volume RSI 14 Filet BolBand 20 2 0 Volume Styla i 202 Bar Width ETE add Configure Colors and Display Hide Volume Pane Manage your Studies Overlays and Trendlines Size of your Price Chart Selecting Price Chart Type Candle When Candle is selected choose your up and down candle color and size and size of the wick yy Hollow Candle Also called Japanese Candle will display hollow Up Candles and Colored Down Candles OHLC Bar Configure the colors for your up down Bars easily Line The Line of a Line Charts can be made thin medium or thick Mountain Mountain Charts are shaded in Line Charts Simple Bar Simple Bar Charts are typically used to plot volume but can also be used in the Price Chart IV Chart Style Part 3 Adding Studies To add a Study right
24. click in the chart and select the Studies option you will be taken to the Studies tab seen above Select from Simple Moving Average Exponential Moving Average Bollinger Bands MACD RSI Previous Close Line or Comparison Charts Moving Average and Exponential Moving Average The Average will be calculated based on the closing price of the last X Bars in your chart Select the of Bars select Line or Mountain display choose color and select Add Bollinger Bands Consist of a middle band X period of SMA an upper band at N times standard deviation above and a lower band at N times standard deviation below Choose your of Bars X period usually 20 and choose your of standard deviations N usually 2 Choose your color for the middle upper and lower bands MACD Stands for Moving Average Convergence Divergence MACD will display in its own pane below the chart Choose the of Bars and color for the signal line usually 9 choose the fast and slow EMA bars and color usually 12 and 26 respectively RSI Relative Strength Index will also show up in its own pane below your price chart Select your EMA smoothing period usually 14 and color and style Previous Close Line This is a line indicating the prior day s closing price It is available on intraday charts only Choose a color j 38 10 buy Mha H pda f p hi m i ye ip BWLD 2 00 ae a a e 40 00 40 87 40 00 Pivot Lines Pi
25. displayed by the participant you intended to execute with 9 Total Time in Force This will dictate how long you want your Supersmart Order to stay live If you have surpassed your Marketable Limit and the order has not been entirely filled the Supersmart order will stay live until a new participant comes back within your desired price If you have a Remainder Market set when your marketable limit expires the order will post on this Market with the Time in Force that you have selected as your Total TIF Remember If you want to use a Remainder your Individual and Total TIF can not be IOC Bidding And Offering Back to Quick Ref Lightspeed Trader allows the user to bid or offer on any ECN directly from any bid or offer key Once a user maps a bid key they will be able to scroll to any other market by using the scroll list created in the Increments Tab This is described in this manual here Point amp Click users also have the ability to bid and offer with the Lightspeed Trader Order Entry Window Order Modification for Point amp Click Users Back to Quick Ref Point amp Click users can modify orders in Lightspeed Trader by right clicking on an Order in their Order Book and selecting Modify Order If you currently don t have this capability ask your RM about getting permission for Order Modification Once you select Modify Order the following window will pop up with the same properties of your original order
26. into the LOE window 3 Copy symbols and order properties from a spreadsheet or list outside of Lightspeed Below is a sample spreadsheet in the appropriate form for the LOE Window Symbol Order Price Order Size Order Side AUY bid 0 05 500 Buy QQQ bid 0 03 500 Buy IMAX bid 0 03 500 Buy INTC bid 0 08 500 Buy IWM bid 0 03 500 Buy VWO bid 0 03 500 Buy 4 Select from a predefined list of symbols by using the dropdown at the top of the LOE List Order Entry 2 New List Type Limit Price 0 00 List Order Entry 1 List Order Entry 2 STOCKS m Watchlist Watchlist 2 ZEIELL AI diel Rese Freeze Lat Order Size Order Side Order Price Cost Updating Symbal Price Updating AXP COST JNJ Buy Buy Buy 5 Right click and select Add from Quote Window to add the stock in your focused Level 2 to the LOE Window 6 Right Click and Select Show Input to input stocks manually as you do with a Watchlist 7 Map LOE commands anywhere on your keyboard and launch after multiselecting in any column window Risers amp Fallers SuperSmart Smart Orders SOES Thermographs Tier Sizes Trading Windows ADMIN About Accounts Alerts Advanced Orders Baskets Custom Orders Design ECH Orders See Bice Export Increments Keyboard Linking MM Boxes Order Entry Personal Tickers PosMan Reserve 3 l vsot i O Tier Size Orders ChartButtonNext Ded 5 BOOMBID Closeout Orders up to tier auer Y Closeout Entire
27. keys Lightspeed Trader also has custom order functionality that allows the user to create keys with specifications that may be missing from our predefined keys To review how to create Custom Orders view the information above on the Custom Orders Tab Once you have created your Custom Order you can access it on the Keyboard Tab and map it to any key seen below Point amp Click users can also map any Custom Order to a Hotbutton Reserve Risers amp Fallers Smart Orders SOES Tier Sizes Trading Windows ADMIN About Accounts Alerts Advanced Orders Baskets Custom Orders Design ECN Orders Increments Keyboard Linking MM Boxes Personal Tickers PosMan Tier Size Orders i Closeout Orders up to tier F a vat phn Cancel Order Keys Ctrl a Trading Function Keys Multiple Non trading Function Keys Access Keys Enhanced Keys Order Entry Popup Use Alt Altfor Closeouts Custom Routes Back to Quick Ref Create custom keys that will send special routing instructions to venues like EDGE and NASDAQ Currently both ECN s use 4 letter acronyms for order types like EDGA ROUT or NSDQ TFTY Use the Custom Routes to create the key of your choice with configurable quantity marketable limit and time in force to get to any of these routes To create a Custom Route 1 Select Route as your New Command Type in the Custom Orders Tab and Name your order command for instance NSDQ TFTY Buy Once this is co
28. options to uniformly customize all price levels Trade Prints The user can customize the sequence of the prints using the check box functions can set exchange codes the letter descriptor for the various exchanges in the print column and customize the font and color of the prints Below are the default exchange codes the user can edit delete and add new codes Unknown Markets will display with the code Z unless otherwise instructed Sat defan coda gt gt M P N A a H I i Wi Show hide Column Names Show hide Column Lines MMBox pop up menu MMBox without columns or column lines 22 08 222 07 222 07 eee OF 222 06 Show Column Names allows the user to display the column names and resize each column using the mouse a ee Ai futi Price HOS ee Cry ttt Price Oty Price Cty Ex SLD 85 13 2 ARCA 85 85 1 85 52 SLD B8466 20 1SLD 85 91 2 80 52 Show Column Lines allows the user to display column lines in the level2 J 10 butte Price Cty Fut Price Too tVsSH Price Differential Lines Configure a line to show up in Level2 when there is a specified price differential ADMIN Linking About Advanced Orders Custom Orders MM Boxes Accounts Alerts Design ECN Orders Increments Keyboard Reserve Risers amp Fallers Super Smart Smart Orders Tier Sizes Trading Windows Quotes Design PriceLevels Highlights
29. stock By creating a translate rule From p to as shown in the example right you can send the correct symbology to the 3 4 party application from Lightspeed Add Edit Translation Rules T From To Reserve tab Back to Quick Ref ADMIN About Accounts Alerts Advanced Orders Baskets CustomOrders Design ECHN Orders Increments Keyboard D 4 a y Ti ice PE os im mi ae e wiri a a Tl hy Tiai zA Ta 5 bi 2 Linking MM Boxes Reserve Risers amp Fallers Super Smart Smart Orders SOES lier Sizes Trading Windows EDGA a FLOW 10 a 10 oR Show Reserve First show Reserve First Show Reserve First uv Reprice to avoid V Reprice to avoid o Reprice to avoid Reprice to avaid Book Match Book Match Book Match Book Match m BATS r ARCA r NYSE 100 mn 10 old Show Reserve First Show Reserve First Show Reserve First Y Reprice to avoid u Reprice to avaid Reprice to avoid Book Match Book Match Book Match The Reserve tab allows the user to customize default reserve settings Reserve settings can be changed on the fly When putting in a bid offer the user can type ina noo ARCA numeric value that will populate the reserve window Press Spacebar at any time to remove the reserve size and show your full size or vice versa Reprice to avoid Book Match If checked the order will ensure that it does not cross the market which w
30. the C located on the top right corner of Main Bar You can also access the Controls of each window by right clicking in the window or by clicking the small C in the top right corner of each window lightspeed File dew Utilities Configuration Settings 0 0 00 0 0 112 973 85 amp PF 1 423 50 VdxF 2 032 00 2 524 67 14 55 59 The Control Panel is organized by tabs Accounts tab Back to Quick Ref MM Boxes PosMan Reserve Risers amp Fallers Smart Orders Tier Sizes Trading Windows if k _ r 2 P About Accounts Alerts Advanced Orders Custom Orders Design ECN Orders Increments Keyboard Lining Change Password Replicate Settings to another Account Trader ld Here you can copy your Account settings to another Account Password Just type in the Trader Id and Password fe en pita perky for the Account you d H Lontiquration Settings like to be identical to keyboard Mapping your Current Account and click Change Change Change Password Use this tab to change your password Replicate Settings The accounts tab allows the user to change his her password and to give another user his her layout replicate settings Alerts tab Back to Quick Ref Linking MM Boxes Reserve Risers amp Fallers SuperSmart SmartOrders Tier Sizes Trading Windows ADMIN About Accounts Alens Advanced Orders Baskets Custom Orders Design ECNOrders Increments Ke
31. to use the Nasdaq Router enter RASH Display If hidden is checked the order will be hidden on those markets that support it Through The user can set the number of cents the order will pay through The user must check whether the order will act on the bid or the ask offer E g if buy is selected and bid is selected the order will post a bid the specified through amt if buy is selected and Ask is selected the order will pay the offer for the set through amount Order Size Either closeout tier or a selected Quantity Popup confirm The order can either go directly to the market or be confirmed with a pop up TIF Time In Force How long the order will remain active 0 sec IOC Immediate or Cancel Design Tab Back to Quick Ref Super Smart Smart Orders SOES Tier Sizes Trading Windows Increments Keyboard Linking MM Boxes Personal Tickers PosMan Reserve Risers amp Fallers E w f m ADMIN About Accounts Alerts Advanced Orders Baskets Custom Orders Design ECN Orders Color Font __ News Net P amp L News Source A Retro Ba Custom d Status Indices bars asm ue HaseRate 4 00 Lightspeed EE http finance pahoo com q I Show Met F amp L Order Popups _ __ _ _ P Bar Position a O Remove Rate 3 00 Green and Red Indexes Stats m P amp L Price Levels i 7 re
32. 1 ECHN Scroll E i l Number keys update 3 Visible quantity D nano Price Control Left Right Control lt gt Se ie TAIN mn I Dynamic price Updates in popup Add i Modifiers Add Modifiers t Leave Order popup Alt Lett Right Alt lt gt B open after sending Dismiss Order Popup ew With mouse click Lights peed o rigin al In crement keys With alpha key The Increments tab allows the user to fully customize price size and venue inputs in the order pop up windows Price 74 65 Using the drop down menus the user can select the command associated with each incremental command E g The settings above have the left right arrow keys associated with one penny increments 0 01 the SHIFT left right arrow keys associated with one nickel increments 0 05 etc Shares 1000 Using lt and gt the user can change the order tier size E g lt gt will increment tier size by 100 SHIFT lt gt will increment tier size by 300 shares etc Order Entry Remember Location Move window and pin will appear Click on the pin to lock in the new location Cannot set separate location for Buy and Sell pop ups 4707 Vico NSDQ ECN Pop ups The user can associate the up down arrow keys or the repeated cmd repeated hitting of the order key with ECN Scroll MM Scroll AKA MM preference No scroll or reset The order of the ECN scr
33. 8 24 Apr OF 14 20 24 bay O Jun 1 Year 1000 Day 36 Month 90 Day 6O Fixed Today Intraday You can also select Unlink to have the window separate itself from all Level 2 s completely Many users will use Unlink to set a chart to remain on a specific index or future Marginability and Borrowability Back to Quick Ref The marginability of the stock is displayed in the Level 2 with a small icon showing 25 for marginable or 100 for non marginable The borrowability of the stock is also displayed in the Level 2 with a letter E for Easy to Borrow L for Locate Required and T for Threshold Security The display of these indications can be turned on off in the Design Subtab of the MM Box tab displayed here Hide Banners and Headers Back to Quick Ref Right click on any LS window and select Hide Banner to remove the banner at the top or select Hide Header to remove the column headers You will not be able to move the window or use the Link menu until you Unhide the banner You will not be able to resize or shift columns around when headers are hidden Recently Entered Symbols Back to Quick Ref To view a list of previously entered symbols right click in your Level 2 and select Settings Here you will see the option to save your recently entered symbols and a selection of how you would like the list to be ordered Once you have made your selection click OK Now you may hit the right arrow key or right click in your edit box to view the lis
34. 9pm EST e Lightspeed Trader does not make a distinction of ARCA Listed symbols It is up to the user to know that a symbol is listed on ARCA when their On Close Order should be directed there For more information about ARCA s Opening and Closing Auctions see the following URL http www nyse com equities nysearcaequities 1157623605155 html Nasdaq Listed Symbols On Open Guidelines To send Nasdaq MOO LOO MOC or LOC orders you may map a key from your Keyboard Tab or use your Order Entry Window Orders in Nasdaq listed symbols are directed to SIZE for the Market seen below Order Entry INTC Inside Bid Inside Ask o 20 87 20 88 Shares Market Ei SIZE TIF p Keyboard Linking MM Boxes Order Entry Type LOO Imbalance Till Close 7 Alt w Ctrl V Multiple Lise G pace as the Tab key Market and Limit On Open Orders and Cancels in Nasdaq symbols are accepted until 9 28am EST At 9 28am EST Nasdaq publishes a list of imbalances for their Opening Cross After 9 28am EST Nasdaq will only accept Limit On Open Imbalance Orders against an existing Imbalance These orders are accepted until 9 29 59 EST Lightspeed Trader provides a list of the Nasdaq Opening Imbalances in the Imbalances Window at 9 28am EST updating every second until 9 30am EST All Nasdaq Market On Open and Limit On Open Orders will be rejected after 9 28am EST Only Limit On Open Imbalance orders will be accepted
35. A X ROUE Marketable orders are eligible to be routed externally to all destinations except IOI destinations NSDQ SCAN First attempts to execute against orders available on the NASDAQ book at a price equal to or better than the NBBO after which it will then route to other markets If shares remain unexecuted after routing they are posted on the NSDQ book Once the order is posted to the book if it is subsequently locked or crossed the system will not route out again NSDQ STGY RASH Behaves similar to SCAN except that the order will route out again after posting to the NASDAQ book if the order is subsequently locked or crossed NSDQ TFTY Will access NASDAQ OMX BXSM BXSM low priced liquidity venues and the New York Stock Exchange NYSE All securities are eligible for the order however Tape B and Tape C securities will not route to the NYSE All orders using the TFTY strategy must have a limit price and must be entered between 9 30 a m and 4 00 p m Sto p Orders Back to Quick Ref Lightspeed offers three different types of Stop Orders which will be covered in this memo 1 STOP Orders to the NYSE via SuperDot These orders are held by the NYSE and triggered when a trade prints at your price on the primary exchange This means it must print at your price on NYSE if it is a NYSE symbol or on AMEX if it is an AMEX Symbol Once your price is triggered a NYSE Market order will be sent to fill your order To send these orders you can
36. I get Connection Failed Back to FAQ Ref A Make sure you are clicking on the VPN Login exe Icon seen here and not the Lightspeed Trader shortcut Icon When you log into the VPN Lightspeed Trader will automatically start on its own Q How do I cancel all my open orders Back to FAQ Ref A By default the ESC key is always programmed to Cancel All Orders Users can also map Cancel Keys anywhere on the keyboard in the Keyboard Tab seen here Q Can I prevent the ESC key from cancelling all of my orders Back to FAQ Ref A In the Trading tab under the Cancels subtab users can set the ESC key to cancel All All but DAY orders or Esc does nothing Q Can I set Lightspeed to Cancel all of my orders at the end of the regular trading session 4pm EST Back to FAQ Ref A Yes first select Utilities in the top left corner of Lightspeed Trader and go to the Trading tab Use the Cancels subtab seen here and under the Events settings check Cancel All Orders on Market Close Q How do I save my layout after making changes Back to FAQ Ref A Your layout is automatically saved every time you log out If you made changes to your layout that you are not happy with and you do not know how to undo them there is an option when you log out to NOT save configuration changes or changes to your keyboard mappings Q Is there anything I can do to prevent my orders from canceling when I log off or lose
37. I set Lightspeed Trader to Cancel all of my orders at the end of the regular trading session 4pm EST Q How do I save my layout after making changes Q Is there anything I can do to prevent my orders from canceling when I log off or lose connection Q How can I have the same market maker box on all of my pages in my layout Q What are the available indices I may use in the Lightspeed Trader Watchlist Q How can I mark my P amp L to the inside market instead of Last Trade Q Iam enabled to see NSDQ quotes and ARCA quotes why do I not see them in my Level 2 Q How do I remove an ECN or market maker that I don t wish to display in my Level 2 Q What is LRP in my Level 2 Q How do I set a specific ECN to always be on top of each price level Q How do I check the margin requirements of a particular symbol Q How can I tell if a stock is shortable or locate required Q Why do some keys say Bid and Offer while other keys say Buy and Sell Q What is the difference between Tier and Full on my Keyboard Orders Q What is the difference between Closeout and Closeout Full on the keyboard Tab Q What if I do not want my Closeout Orders to send an order when I don t have a position is this possible Q Are the Lightspeed Trader Custom Stop Orders triggered by Quotes or by Trades Q Why didn t I get filled when my Custom Stop Order Triggered Q How do I place a Custom Stop order from my order entry window Q Every t
38. IA 12 946 74 S amp PF 1 420 30 NdxF 2 028 00 Compx 2 518 15 417 75 14 29 05 The main bar will always fall behind focused windows Therefore you must place windows around it and not over it If you drag the main bar you will move the entire layout around To move only the main bar hold down CTRL and then drag speed TS File RAZU Lhilities The Lightspeed Trader palette consists of all of the components 7 Quotes that you will need to create your Lightspeed Trader profile DJI Guote2 Placing the cursor over the icon displays a pop up that S Ticker Alert describes each tool Charts Advanced Charts Adding and Removing Components Books gt Order Imbalances To add a component simply click the icon and it will appear Block Trades Positions To remove a component simply click on the x located on the Watchlist top right corner of each component Account Summary Tine amp Sales Note Each user s palette is defined by his her access level Orders Please speak to your administrator if you do not have a STP eee ar es particular component available to you in the palette Order Entry 2 os Order Entry 4 HotButtons es Alerts Option Chain me Order Entry Options HLF s fa ALERT NEWS OPTION opt CHAIN Layered Profile Back to Quick Ref The user can create a layered profile using the Pages feature 1 Map the pages to hot keys Also see Keyboard Tab MM Boxes PosMan Reserve
39. IN About Accounts Alerts Advanced Orders Baskets Custom Orders Design ECH Orders Shave Amounts em l ARCA O01 mmia Hide all eligible ECN orders i Make eligible ECH orders non toutable Hide All Eligible ECN Orders Checking this box will attempt hide all eligible orders You can also hit H to Hide individual orders when your popup is up You can press H to toggle to Unhide as well Make eligible ECN Orders Non Routable Checking this box will make all eligible orders Non Routable You can also hit N to make individual orders Non Routable You can press N to toggle back to Routable as well Make eligible ECN Order Add Only Checking this box will make all eligible orders Add Only You can also hit A to make individual orders Add Only You can press A to toggle Add Only Off as well Shave Amounts The user can customize the default shave amount for each market Shave The amount the user s order will undercut the bid offer Shave is employed when the SHIFT key is depressed while hitting enter to send orders to market Increments Tab Back to Quick Ref Linking MM Boxes Reserve Risers amp Fallers SuperSmart SmartOrders Tier Sizes Trading Windows i a mi P m e mi f F 5 ADMIN About Accounts Alerts Advanced Orders Baskets Custom Orders Design ECN Orders increments Keyboard sa ce ee arap ECN Popups Numpad to Tiersize ina a a Up Down Arrows ie RR a uate s Hij v
40. Lightspeed Trader User Manual Updated 9 27 2011 Lightspeed trading member FINRA SIPC Copyright 2001 2011 Lightspeed Financial LLC All rights reserved o The Lightspeed Trader Palette How to Add Remove Components The Layered Profile The Market Maker Box MMBox Customizing the MMBox Phantom Shares Alerts News Settings Quotes tab Design tab Price Levels tab Highlights tab Level 1 Settings Level 2 Settings Show Hide Column Names Lines Price Differential Lines Level 2 skins Lightspeed Chart Window Changing the Chart Parameters Chart Style Customizing Colors Customizing Chart Type Adding Studies Saving Chart Style Misc Chart Features Books Window Positions Window Orders Window Messages Window Watchlist Window Account Summary Window Statistics Risers and Fallers Window Time and Sales prints Window Order Entry Window point and click Hotbutton Window point and click Ticker Alert Window News Window BlockTicker Window Imbalance Window Option Chain Option Order Entry Window Options Level 2 Window O The Lightspeed Trader Control Panel Accounts Tab Alerts Tab Advanced Orders Tab Custom Orders Tab O Order Entry Design Tab ECN Orders Tab Increments Tab Keyboard Tab Linking Tab MM Boxes Tab Reserve Tab Risers and Fallers Tab Smart O
41. Marketable Limit the Supersmart will post your order on the Remainder market If you have not chosen a Remainder market the order will remain live on Lightspeed Trader and execute if the inside market returns to a price within your original marketable limit The order stays live until it is filled to entirety until you cancel it manually or until your TIF expires 6 Overspray Shares This will determine how much more size than a participant is displaying you are willing to send on each order Remember if you overspray a participant and your Individual TIF is not zero there is a possibility that market may display your order 7 Pop Up Confirm This determines whether you would like the Supersmart Order to Pop Up or go in without a confirmation 8 Individual Order Time in Force This configures the Time in Force TIF of the orders sent to each participant by the Supersmart order Previously all orders were sent with an Immediate or Cancel IOC Time in Force now the user can configure this Users may want to set this at 1 or 2 seconds so that the order can be Routable and is not immediately rejected when placed through the market Reg NMS does not allow orders to be executed through the inside however with a 1 or 2 second TIF orders have a chance to be executed when the inside market moves Remember If the Individual Order TIF is set at any higher than a second or two there is a possibility that unfilled shares will be
42. OSEOUT BGOMBID Type Aggregate Mame BOOMBID oa cpr _ Awailable Orders Sou j 7 i Popup Y e l Tier Size Orders kal Override A Override Confira 0 000 5 With Position fo close a Closeout a E Bid 3 oe tity 1 zl TIF j ASK ENE Override Nasdaq Bid Nasdaq Ask Without Positron fo close i Tiers Quantity 1 Select which keys you would like to add to this Order by highlighting the key and clicking the arrow to move it over to a participating order 2 Once you have added the keys check Override to ensure you will be able to change the price when the pop up is up 3 Check Yes for Pop Up to confirm the order before entering it 4 Once you have completed setting up the key select Done and the key will be added to your Custom Orders To map the key from the Custom Orders follow the directions seen here Aggregate Orders are very powerful we recommend testing these orders in a Test Stock before using them in your normal trading Pegged Orders Back to Quick Ref Nasdaq Primary Peg A Nasdaq Primary Peg is a passive order that is intended to peg to the best non Nasdaq participant on NBBO on same side of market Users can select an offset to peg an order x cents better or select no offset to peg at same price Set your peg offset to the amount above the best bid when buying or above the best offer when selling you would like your order to display When your offset is 0 you will peg
43. On Open and On Close Orders Back to Quick Ref NYSE and AMEX Listed Symbols On Open and On Close Guidelines To send NYSE AMEX Markt On OPEN MOO Limit On Open LOO Market On Close MOC or Limit On Close LOC orders you may map a key from your Keyboard Tab or use your Order Entry Window Orders in NYSE AMEX listed symbols are directed to the NYSE Market seen below Keyboard Linking MM Boxes Order Entry Order Entry T Inside Bid Inside Ask 26 35 28 36 Price Market Market gt NYSE AYSEMKtOnCloseBidT ter NYSEMKtIOnCloseD ferl ier NYSEMKtOnCloseBuyTier NYSEMKtOnCloseSellT ier NYY SELimtOnCloseBidT ter NYSELimitOnCloseO trerT ter Shit Alt Ctrl 000 HH e Market and Limit On Open Orders and Cancels in NYSE and AMEX symbols are accepted up to 9 30 am EST There are no NYSE Regulatory Imbalances in the Opening Auction so orders are not restricted by existing Imbalances e Market and Limit On Close Orders and Cancels in NYSE and AMEX symbols may be entered any time up until 3 45 pm EST After this time only Limit On Close orders may be entered against an existing Regulatory Imbalance These orders are accepted up until 3 59 59pm EST e Lightspeed Trader provides a list of the NYSE AMEX Regulatory Imbalances in the Imbalances Window Imbalance info is disseminated at 3 45pm EST e All NYSE AMEX Market On Close Orders will be rejected after 3 45pm EST e All NYSE AMEX Limit On Close Order
44. Once the exchange accepts the order it will be filled to its entirety at the close unless that order was subsequently cancelled prior to the exchange s cut off time A Limit On Close Order or a Market on Close Short Sell Order are subject to market conditions and are not guaranteed executions You should not trade around these Market on Close orders If you have a MOC order to close a position pending in the system after 3 40 you must consider this position closed If you sell to close your position after this time you will create a short position You can expect to receive a confirmation of your MOC LOC order being filled approximately between 4 00 and 4 15 pm EST Aggregate Orders Back to Quick Ref Lightspeed Trader has the ability to bid or offer on several ECN s at one time by creating a custom Aggregate Order Many other trading softwares call this functionality Power Bids and Offers or Boom Keys To do this go to your Custom Orders Tab and select Aggregate Orders from the dropdown If you do not see Aggregate Orders in the dropdown contact your Relationship Manager for permission Once you have named the key and selected New the following screen will appear Reserve Risers amp Fallers Smart Orders SOES lier Sizes Trading Windows ECN Orders Increments Keyboard Linking MM Boxes Personal Tickers PosMan fi 5 Baskets Custom Orders Design ADMIN About Accounts Alerts Advanced Orders All STOPMKTSELLCL
45. Pos Orders Paup Page ui Bi BUOMEELL 2 Miscellaneous Size Orders PGDN Page Down LSPD Custom Commands END End SerLck LOE CLOSE F 2 Cancel Order Keys TORETE JAN Trading Function Keys HOME Home i Ctrl AIDT Stree ET U Non trading Function Keys Diea Pause LOE buybid 1 00 J Access Keys Testina Deprecated gie Enhanced keys Een Order Entry Popup Shift ETET Space as the Tab key are no positions You can create these LOE custom commands from the following Configuration Settings ADMIN About Accounts Alerts Advanced Orders Custom Orders Design ECNOrders Increments Keyboard Linking MM Boxes Reserve Risers amp Fallers SuperSmart SmartOrders Tier Sizes Trading Windows List Order ai 7 Commands Watchlist Options Layout Columns FocusWnd Key Window Listed Market Side Saved Commands With Position to Close C Sell Sobuy M Close SUpia 100 Target Price Closeout Default Aa Without Position to Close Reset To Default ahoo meree AEN Set As Default L Tier Time In Force aT You may also choose to use the following keyboard commands in the LOE window Select AllRows CopyRows PasteRows These commands can be found under Non Trading Function Keys Export Increments Keyboard Linking MM Boxes Order Entry Personal Tickers PosMan Reserve U TU ee eS CopyRows val elec Ea Closeout Orders up to tier Patelas l sin ma UU Closeout Entire Pos Orders EEEE 4
46. Positions or All Positions Super Smart Smart Orders Tier Sizes Trading Windows Positions Display Layout Columns Window Summaries t Summarize All Positions Ww Hidden Positions Summarize Long Positions Show Phantom Positions Summarize Shor Positions iLink Filter To colorize certain columns in your Positions page based on Long and Short Positions click Change Columns from the right click menu Select the column on the left and check Colorize by Long Short Position You can select the Long Short Colors on the right z aerate coemncrs ccc Reserve Risers amp Fallers Smart Orders Tier Sizes Trading Windows Positions Display Layout Columns Window Columns Avallable Select a Standard Layout Fosition DESCENDING ca Add Position sing Symbol ros Price Closed F amp L Marked P amp L Execute d Tia des Executions Options Positions will be indicated in your existing positions page with a gray background seen below You may add Underlying Symbol from the Options Column choices and sort by this column in order to show options positions and equity positions in the same symbol together Position Symbol Tce Close Closed P amp L MWaked P amp L You may add columns like In Out of the Money or Expiration Days to manage your time and cost of the option position Orders Window Back to Quick Ref The orders window displays all open pending filled and cancelled orders Yo
47. Shortcuts Round Quotes Price Levels Same as Price Levels Color Levels 0 01 List NYSE MPs attop of Price Level y List NYSE at top v List ECNs attop of Price Level Sort by Size Price 0 01 0 0300 Price Differential Amount JPrice Differential Line Color Show a line for each occurrence ARCA MECN always on top priceline com Incorporated aani N1 538 04 516 89 518 00 517 90 o1 90 bosx edgx nsdq NATX nsdq nsdq 517 76 517 6 517 61 917 50 5918 66 MUN NON non o1 cn cn i 4 O09 0O 00 Ob C amp O Select Save a level 2 skin MMBox pop up menu Back to Quick Ref Lightspeed Level 27 Window Skins atin btrd SESH eats HUFA HOF S eae IESE ARIE Pode HITE CORE feel l0 CORC IESE on AEST HOSH fou EMAN Blue Cascading backgrou Black Rainbow Fonts Basic 3 color Black Blue top of book All Blue Allows the user to save a configuration as a skin and load an existing skin Take Level 2 out of Tab Rotation Right click and select Remove from tab group Tab will no longer rotate to this window Add Phantom Share Remove Phantom Share Add Slerk Show Hews Settings Level 1 Settings Level 2 Settings Show Column Mames 7 09 7 09 7 08 7 D6 701 e pour t s Show Column Lines Hide Active Window Borders Select a Level 2 Skin Save this layout as a Skin r 0G r09 Pa Pel Pa Peal Pea Pa
48. able Under the window tab the user can check the Use this for new windows option that will apply all current settings to new windows of the same type About Accounts Alerts Advanced Orders Custom Orders Design ECNOrders Increments Keyboard Linking rs a g m mh g E j EENG PosMan Reserve Risers amp Fallers Smart Orders SOES Tier Sizes Trading Windows Positions ofa Display Layout Columns Window Positions 2 P 5 S iti an z i l Order Entry Back to Quick Ref Smart Orders Smart Orders are briefly described in the Smart Orders Tab section of this manual seen here The Smart Order is Lightspeed Trader s own proprietary key that will execute with all participants in all equities symbols by sending IOC orders to every participant on your behalf with the intention of filling your order to its entirety Orders Custom Orders Design ECN Orders Incre On the keyboard tab you can see the choice to map lrimap 7 2a i Smart Buy 1 2 or 3 All 3 choices are the same key SIEA it s up to the user to design different preferences for N each order in the Smart Orders Tab seen below Alt Ctrl Multiple Ww a im m ap a J LUSiOM Urders uesign d ipei es Fallers Smart Orders SOES Through Timeout Allowance Remainder AR CARS 0 02 The user can check off the participants that they would like the key to execute with We recommend check
49. able limit is Through will simultaneously spray all participants up to your Through amount immediately Marketable Limit is the amount you are willing to let the Inside Market trail up when buying or down when selling and continue to execute your order The Through amount can not be higher than your Marketable Limit Q What is the difference between Smart Supersmart and INCASmart Orders Back to FAQ Ref A Smart Orders described here are Lightspeed Trader s proprietary Orders that will execute with the best priced participant one order at a time Supersmart Orders described here are a more aggressive proprietary Smart Router that sends many orders simultaneously on your behalf INCASmart is the Nasdaq Smart Router Nasdaq controls and routes your orders themselves Q I am used to using RASH to send orders Is there an equivalent on Lightspeed Trader Back to FAQ Ref A Users can create custom orders and type RASH in as the market of choice This will send orders to the Nasdaq Smart Router like RASH orders do You can also use the INCA Smart Keys to access the Nasdaq Smart Router Q How do I place Hidden Orders Back to FAO Ref A Hidden orders are only accepted on certain venues To hide an individual order hit the H key while your order pop up is up You can toggle the Hidden Order off by hitting the H key again You can Hide all ISLD orders by checking the box on the ECN Orders tab explained here Q I got execut
50. absolute limit prices select the rows and click Freeze e Once you have created a list of symbols that you may use again you can name it for future use Order Size Price Target and offset will also save when you name your List e Use the Copy Configuration option from the right click menu to set up what columns you would like to copy to an external spreadsheet You can also select Copy Column Headers here This will help you create your spreadsheet for future copying list order creation e By default List Order Entry requires a confirmation You may turn these off in the Trading Tab Confirms subtab Futures Trading Back to Quick ref Lightspeed Trader is equipped to trade all CME futures Review the list of Available Indices from our website to see the Futures contract symbols users are eligible to trade and how to enter them Simply type the futures contract preceded by a into your Level 2 to see the bid and ask depth of the contract You can bid and offer or buy and sell with any key you would use in your equities trading You can also use the same Order Entry Window you use for equities as seen below Order Entry ESME i Inside Bid Inside Ask 1410 75 1411 00 E Symbol Contracts Price Market Esms__ 1 HA 1411 00 HH SN Type TIF Limit E ESMs H 1411 00 1471 00 0 00 969 4 1408 00 1417 50 1c 1410 50 729 1411 25 1410 25 1050 1411 50 1410 00 1052 1411 75 1409 75 1236 1412 00
51. aily Weekly Monthly Periods and enter your of Days Weeks Months back If you select and Intraday period you may choose from a of Days Back or for a Fixed bar size select a of Bars Back 2 Using and Editing the Buttons You may use the predefined Timeframe Buttons to change the Displayed Timeframe or you may create your own buttons with Timeframes To create your own button select the parameters in the above window name it then click Add Note Users can also map the keyboard keys Chart Button Next and Chart Button Previous from the Non Trading Function keys on the Keyboard Tab to cycle through their pre defined Chart Parameters 3 Zooming Changing Timeframes with your Mouse wheel When using your mouse to change time frames it will scroll back in the period you are currently viewing For instance if you are looking at a Daily Chart the mouse wheel will scroll back Days and if you are looking at a Weekly chart you will scroll back in weeks When viewing an Intraday Chart you can scroll back in Bars if you have selected to view a of Bars back or you will scroll back in Days back respectively Note If you want to modify an existing button you must first select the button then modify the parameters and then select Add again Or you must select your parameters retype the name of the button and then select Add Once you click on an existing button without selecting Add your changes will be lost II Chart Style Par
52. ancel orders TIF Time in Force The user can define how long orders on each market remain live Warnings Subtab E 7 _ f gt re Linking MM Boxes Reserve Risers amp Fallers Super Sman Smart Orders Tier Sizes Trading Windows Closeouts Confirms TIF Warnings Cancels r When Price is too deep _ Max Position Size oMetAllow YWamAt 5 4 l 3 Don t yarn NotAllow OWWamAt p v Don t yarn re When Size is too large Also warn me when Y executor connection lost NotAlow Wer t 00 Don t ern o quote server connection lost m When Spread is too large pm Execution Sound Shot Allow Wam st pon Don t varn V Flay a sound on executions Par In this tab you can direct Lightspeed to warn you when you may violate certain conditions that you set for yourself You can also add user enabled risk management by selecting Not Allow under given conditions Execution Sound The user can turn on off a sound when an order is executed The user can also direct Lightspeed Trader to cancel all open orders at the Market Close Cancels Subtab Increments Keyboard P a r BRA Drun Dacank oi are Ca re Ste ated mirel arge Tiar Cirno i TTET ITTI MM DORES mneseve mMisers amp rales SL Les le r 178S Trading Windows ee Confirms TIF Warnings Cancels Key board Senis Esc and Enable Shift to
53. arketable Limit for your Order and a Target Bid or Offer Remember to Wlouseclick Done when you are finished Trading Windows Risers amp Failers Super Smart ECN Orders Thermographs Tier Sizes MM Boxes Advanced Orders Smart Orders SOES Reserve o tS Mk Custom Orders Linking Order Entry Alerts Increments Keyboard About Export ADMIN Design Accounts jaskets F eE All DARKBLUY i l Popup Confirm Yes ho Name DARKE Market LSPD Contra r HAsk Type Route Side Display Through Order Size With Positron fo close i Closeout Tiers 1 zl Y Quantity yisible 0 010 L J Y Hidden Bid _ Without Position to chose DARK F Nasdaq Ask i Market Enter LSPD in the Market Field and Set your Quantity Preference DARE in the Contra Field Tiers L n E ONLY IOC ORDERS ARE ACCEPTED Once you have created the Routes you can map them to any Key via your Keyboard Tab or Map it to a Hotbutton For more information on adding Custom Routes see the Lightspeed Release Notes Version 7 140 Things to Note e This route is not currently eligible via the Order Entry Window you must create a Custom Route and map it to a Key or Hotbutton e This Route may only have the TIF of IOC so your order must be marketable Limit Orders away from the Market will Reject immediately Day Orders will Reject immediately
54. art 2 is associated BSellTier with SmartBuyTier2 and Smart 3 is SmarkBuyT tert a associated with SmartBuyTier3 CSU Fo SmartSellTiert At trl Multiple So plete SmartBuy Tier SmartSellTrerz SmartBuyTrer3 SmartSellT rer3 7 AEBS ceotiing I ier SNE TOfferScrollingT ter Nasdaq amp NYSE Ecns The user can select which ECNs the Smart order will route to Through Execute with ECNs FIRST within this limit Allowance The maximum price from the inside market that the order will execute Pop up To have a confirmation box check Yes Min Shares Determines the minimum order size that will be sent Remainder If the Smart order is unable to attain the requested size the remainder will be posted on the market selected in the pull down If NONE is selected the Smart order will continue to execute against any checked market that comes within the Allowance within the timeout period For more about Smart Orders view the Order Entry section of this manual seen here Supersmart Orders tab Back to Quick Ref ADMIN About Accounts Alerts Advanced Orders Baskets Custom Orders Design ECN Orders Increments Keyboard Linking MM Boxes PosMan Reserve Risers 4Fallers SupersSman Smart Orders SOES Tier Sizes Trading Windows p Super Sman 1 Super Smart 2 Target Preferred Markets Remainder Popup Confirm 5 yes Through Buy atthe Offer l l a 7 No z e TIF Sell
55. at the bottom left 2 Select the order you would like to send when the stop price is triggered Use the dropdown to select from Tier Size orders Closeout or Closeout Full Orders Remember to choose a BUY Order to buy and choose a SELL Order to Sell Remember to select an order type that will guarantee a fill if you expect to be stopped out of a position Market orders will fill at the highest rate In this example I have selected ARCA Market Buy Closeout Full Select the Time in Force 4 Click Done once your order has been created A ADMIN About Accounts Alerts Advanced Orders Jaskets Custom Orders Design ECN Orders All TRAILINGSTOPBUYMKT Type Stop Mame TRAIUINGSTOPBLY MET stop order seout Entire Pc OS Orders I Execute this command price thresholds F ial dCloseoutFull pe when Stop is Triggered bane a a a ARCADHErCiose outFull at creation time ABuy nat w S ARCABuyMarketCloseout og out r Select any key to execute once the stop price EE has been reached Remember market orders stop ls will fill at the highest rate and non trading Trailing Stop a sfc ED BidCloseout Fal commands may produce unexpected results BTRDOferCloseoutFull Map the newly created stop order to a key to the Keyboard Tab or to a Hotbuton The Order you created can be found in the Custom Commands seen below Export Increments Keyboard Linking MM Boxes Order Entry Reserve Risers amp Fallers Super Sma
56. ategy or covered position on an intraday basis All Short Calls and Puts are considered Naked positions when they are first opened regardless of whether or not they are Covered by a stock position Overnight the requirement of the Short Call or Put may be reduced by a position in the underlying security or corresponding Option Position The Margin Requirement for Naked Puts and Calls is the greater of 30 of Market Value of the Underlying Security PLUS the premium of the option minus the out of the money amount OR 15 of Market value of the Underlying security PLUS the premium of the option Some Things to Remember Back to Quick Ref Tier Sizes Back to Quick Ref Tier Size or sometimes called Full Size is the default size of your order You can set all of your stocks at one default Tier Size in the Tier Size tab Each order entry key is broken down into three different order sizes 1 Your tier size or full size order which will enter an order for your default size 2 Your closeout orders which will if you do not have a position send your default size and if you are holding a position it will close out the position up to your tier size 3 Your closeout full size key will if you do not have a position send your default size and if you are holding a position it will close out the entire position no matter how large Remember all three keys will send an order for your tier size if you are not holding a position In
57. ce is gone Net P amp L Back to Quick Ref You can also have Lightspeed Trader estimate your Net P amp L by entering in a Base Rate an average Remove Liquidity Rate and an average Add Liquidity Rate in the Net P amp L portion of Design tab seen here Once this option is checked on the MP amp L in the top left corner of Lightspeed Trader will reflect your new estimated Net P amp L It can also be viewed as columns in your Positions Page seen below Price Cost Basis Net Marked P amp L Net Closed P amp L Net Open P amp L Change CB 141 87 125 57 0 00 161 59 152 703333 2 190 00 0 1GS 101218C175 12 Laptop Mode Back to Quick Ref This page is specifically designed for users who sometimes log in from their laptop Lightspeed will not subscribe to any data on other pages when you are in Laptop Mode When users switch to Laptop Mode on a new machine they will be asked if they would like to always consider that machine a Laptop If so Lightspeed will always open in Laptop Mode on that machine going forward anced Orders Baskets Custom Orders Design ECH Orders Increments Keyboard Lrgnfspeed File dew Utilities Windows Tier Size Orders eee Closeout Orders up to tier Bate ae eee Miscellaneous Size Orders Fg Page H Custom Commands O Cancel Order Keys ae we Trading Function Keys F11 LaptopPage i Non trading Function Keys F7 Pageb
58. change the PC Clock and log back in Q What are the minimum requirements for my computer in order to run Lightspeed Trader Back to FAQ Ref A We recommend Windows XP or above a minimum of 2 Ghz or higher processor speed dual or quad core at least 2 GB of RAM 4GB Preferred and at least 300 MB free disk space Q What are the minimum internet connection requirements in order to run Lightspeed Trader Back to FAQ Ref A Lightspeed Trader demands a suitable download speed in order to run properly Whether its DSL or Cable modem is irrelevant just be sure your download speed is a minimum of 5 Mbps with at least Mbps upload speed Users should never trade using a wireless connection If you are unsure of your internet download speed consult your ISP for a test Q Will Lightspeed Trader work on a Mac Back to FAO Ref A Yes You can boot up your Mac with the Windows Operating System You can also use LS in the Mac OS with a software called Parallels which will let you run a Windows OS in a window within your Mac Q Is there a setting that I can set to block or make me re confirm orders where the price is outside of a pre determined variance range Back to FAO Ref A Lightspeed applies the variance check for orders that are above the prevailing bid You ll find it in the Trading Tab in the Warnings Sub Tab specifically the setting When Price Is Too Deep You can propagate this and two other similar warnings with your
59. crements Keyboard Linking MM Boxes Order Entry Reserve Risers amp Fallers Super Smart O ler Size Orders Closeout Orders up to tier Closeout Entire Pos Orders 1 gt Miscellaneous Size Orders NSDOTFYBUY Custom Commands M RTT V Cancel Order Keys o Trading Function Keys 1 Nontrading Function Keys Access Keys Testing Deprecated Enhanced Keys Order Entry Popup Use Alt Attor Closeouts Disable Closeouts if there are no positions Some Available Routes and Descriptions BATS DARK The BATS Dark Scan order type routes to participating Dark Liquidity Partners DLPs offering potential price improvement and lower access fees before routing out to the market ARCA POPL ARCA PO Plus orders allow you to access NYSE or NYSE AMEX via ARCA EDGA X RDOT Will first scrape EDGE book and then route to DOT Also eligible to be routed out to all destinations EDGA X RDOX Will scrape EDGE book then route to DOT Won t route externally via DOT EDGA X ROUT This is the default route on all EDGE orders Marketable orders are eligible to be routed to all destinations including IOI destinations EDGA X ROUZ Marketable orders will be routed to IOI destinations will not route to displayed liquidity EDGA X ROUC Sweeps book IOI and non IOI destinations BX DOT then reposts to EDGX EDGA X ROUD Marketable orders are routed to non IOI dark destinations but will not be routed to displayed liquidity EDG
60. der Popup Confirm No id Through Buy atthe Offer memi z TIF Sell atthe Bid paca 4 0 01 Marketable Limit INENIAHAI Buy atthe Bid AEIR A j Sell atthe Offer BR 0 05 00 00 01 Total Overspray Shares co eno 03 00 1 Target Indicates how you want orders priced Both Buy and Sell orders can be tagged to either the bid or offer price 2 Preferred Markets The Supersmart order executes with EVERY participant The Preferred Market option simply allows you to specify a routing preference when there is a choice of venues which could fill your order at the same price You can custom add other markets or select from the list that will pop up by clicking in the Edit Box See next page for Example 1 3 Remainder Users can select a Market to post the remainder of their order on in the event that all prices up to and including the marketable limit have expired and your order was not completely filled Remember If you use a Remainder your Total TIF can not be IOC 4 Through Supersmart will simultaneously send orders to all participants within your Through Amount Remember Your Through amount can NOT be more than your Marketable Limit 5 Marketable Limit Previously known as Allowance the marketable limit is the amount you are willing to let the price of the stock trail up when buying or down when selling while still continuing to execute your Supersmart order When the inside market price moves beyond your
61. ders up to tier Displays all key functions that closeout up to tier size Closeout Entire Position Displays all key functions that closeout entire position Misc Size Orders Displays half closeouts decrement increment order price etc Custom Commands This option will display custom keys if created See Custom Orders Tab Cancel Order Keys Displays all cancel function keys Trading Function Keys Displays all miscellaneous tier size commands Non Trading Function Keys Displays all system functions e g shutdown program show palette etc Access Keys Display all layout function keys User can map Control panel windows and layout pages How to map unmap keys 1 Select the order function key available in the right column 2 Select an available trigger key located in the left column 3 Hit map The trigger letter with a subscript will appear next to function key 4 To unmap select the mapped function key located in the left column and hit unmap Enhanced Keys This is will populate a larger list of predefined keys in each category for users looking for even more choices of order types Use Alt Alt for Closeouts When this boxed is checked the user can hit Alt twice to put Lightspeed Trader into Closeout Mode When Lightspeed Trader is in Closeout Mode all Tier Size keys will act as Closeout Orders This mode will only impact Lightspeed Trader s predefined Tier Size Orders Disable Closeouts if There are
62. ders 0 Open Posiffions Max Infraday BP Valve 0 00 Shares Traded 0 ClosedP amp l 0 00 pen P amp L 0 00 Long Short BP Value 0 00 0 00 Added Liquidity 0 To customize the Account Summary Window use the right click menu option Change Rows EnF Risers and Fallers Window Bakiu Rati The Risers and Fallers Window displays the biggest gainers losers by net change It also displays the Most Actively traded symbols on the day in descending order 0000 139 815 XLF 96 646 csco 92 801 MSFT 88 696 c 88 406 YHOO 84 611 S 71 279 WwWOWN UD 2 3 4 5 6 7 8 To configure the font of the Risers and Fallers window or the columns displayed select the settings window seen here Time and Sales Window Prints The user can display the time and sales prints in the MMBox or as a free standing window See i A o ET Price Size gt Time inside Market Sale Cond 34 1001 34 09 34 12 34 12 34 13 34 13 34 13 34 13 700 787 100 100 100 100 100 100 15 08 15 08 15 08 15 08 15 09 15 09 15 09 15 09 34 10 34 09 34 12 34 12 34 13 34 13 34 13 34 13 ADFN ADFN EDG EDG EDGS EDG ARCA EDGS eeeeeeeceeceeecece ADMIN About Accounts Alerts Linking MM Boxes Advanced Orders Custom Orders Design ECN Orders Increments Keyboard Reserve Risers amp Fallers Super Smart Smart Orders Tier Sizes Trading Windows v Show trades for other mark
63. e Width Thin __ RA Symbol TE Line Width ei Show Volume Color Volume Style Bar Performance amp Overlay Bar Width Large Ry 90 Day Overlay Chart WYNN Yellow Line 90 Day Performance Chart WYNN Yellow over SPY Candle Line over SPY Candle Chart SPY 90 Da E Chat SPY 90 Da SPY 99 07 99 07 x 99 08 118 961 047 98 31 99 3 99 05 x 99 06 119 852 142 13 22 M a y 44 18 J un oa 16 23 J T oa 16 23 f A u g 44 18 13 22 hi a y 11 18 J un 09 16 23 al U og 16 23 Ay uU g 11 18 Fibonacci Lines To create Fibonacci Lines select Lines from the right click menu in the Lightspeed Chart then select Fibonacci from the sub menu Next select your starting point for your Line and left click to begin building your range Once you are done left click again to see the finished line Chart SPY 90 Da gt Chart SPY 90 Da 99 20 x 99 21 124 827 652 98 SPY 99 26 98 3 Hide Header Hide Buttons New Button Extended Chart Parameters Segment Studi Display Style gt Delete Last Delete All Correct For Spikes Save tn File 200 0M 15 13 22 M a y 44 48 J un 08 22 Jul 09 16 23 Aug 11 18 Stochastic The Stochastic Technical Indicator compares where a security s price closed relative to its price range over a given time period The Stochastic Indicator is displayed as two lines The main line is called K The second line called D is a Moving Average of K Time Series Moving Average The Time Series M
64. ect Settings Select the Design subtab and check Show Borrowable Indicator In the top left corner of the Level 2 you will now see an indication of the stock s borrowability at the start of the day E easy to borrow colored green L Locate Required colored yellow T threshold security colored red Remember if you are granted permission to short these stocks this indication will NOT update Q Why do some keys say Bid and Offer while other keys say Buy and Sell Back to FAO Ref A Lightspeed Trader uses the word Bid to mean pop up buy and offer to mean pop up sell In addition the Bid keys will populate with the Inside Bid Price and Offer keys will populate at the Inside Offer Price while Buy keys buy at the Inside Offer Price and Sell Keys sell at the Inside Bid Price Q What is the difference between Tier and Full on my Keyboard Orders Back to FAO Ref A Tier and Full mean the same thing they will both send your Tier Size Q What is the difference between Closeout and Closeout Full on the keyboard Tab Back to FAQ Ref A As described here Closeout Orders will close out up to your Tier Size and Closeout Full Orders will close your entire position Q What if I do not want my Closeout Orders to send an order when I don t have a position is this possible Back to FAO Ref A Yes there is a setting in the keyboard Tab seen here When this is checked all Closeout and Closeout Full orders will NOT s
65. ed on an odd lot how can I get out of an odd lot position Back to FAO Ref A Lightspeed Trader protects customers from sending odd lot orders to certain venues because of prohibitive pricing enforced by these ECN s We recommend placing your odd lot order on Nasdaq ISLD Q Is it possible to filter out Cancelled Orders from my Order Blotter Back to FAO Ref A Yes to change the Display in your Order Window right click and choose the Change Display Option Here you can add or filter out Active Orders Cancelled Orders or Executed Orders Q Does Lightspeed Trader have any sound or audible alerts Back to FAO Ref A Yes you can get an audible alert when an execution occurs by checking the box in the Trading Tab Events subtab seen here You can also receive an audible alert when your alerts are triggered O When I installed the VPN client I had to first turn off Norton before I could connect to the VPN Is this necessary Back to FAO Ref A We ask that customers who would like to connect via VPN only disable the worm blocking feature on Norton under the email options and uncheck Stealth Blocked Ports under the firewall options on Norton Disabling these features should not pose a security risk for you Q The clock on my Lightspeed Trader is incorrect How do I correct it Back to FAO Ref A The Lightspeed Trader clock represents the time on the PC Clock adjusted to EST To edit it log out of Lightspeed Trader
66. end an order if you do not have a corresponding position in that stock If this is not checked these orders will always send your Tier Size Q I don t want my Tier Sizes to permanently change when I manually set them Can I have them reset to the default after retyping Back to FAO Ref A Yes there is a setting in the Tier Sizes Tab Reset to Default After Retype This will reset all Tier Sizes to the default setting every time you type up a new stock Q Are the Lightspeed Trader Custom Stop Orders triggered by Quotes or by Trades Back to FAQ Ref A Custom Stop Orders will be triggered when symbols Trade at your Stop Price or better The default STOP orders are triggered by quotes The different types of Stop Orders offered in Lightspeed are explained here in detail Stop Orders Q Why didn t I get filled when my Custom Stop Order Triggered Back to FAO Ref A Be sure that your Stop Command is mapped to a market order that will fill your order to its entirety If you map a Sell Stop Command to a Limit Sell its possible the order may not be completely filled Q How do I place a Custom Stop order from my order entry window Back to FAO Ref A If you have already created a Custom Stop Order simply select Stop Command from the Type dropdown Then select the Custom Stop Order from the Command dropdown Q Every time I try to cancel all pending orders using the SHIFT key I get negative fake shares added to my posi
67. ening new positions Dark Pool Access Back to Quick Ref Crossfinder Plus Lightspeed Trader now has connectivity to Credit Suisse AES Crossfindert Crossfinder t is the Credit Suisse AES smart dark router that contains dynamic smart routing logic to direct your order to the destinations with the most liquidity in the name that you are trading This tactic locates liquidity among a broad and expanding list of dark venues with continuous crossing capabilities Crossfinder will spread your full order over multiple destinations constantly rebalancing based on a dynamic liquidity heat map Crossfinder orders are never displayed out loud and Crossfinder can be used in 3 different modes e CRSN Normal mode executions will be at the midpoint of the NBBO or better e CRSP Patient mode executions will capture the full spread e CRSA Aggressive mode executions will cross the spread To access this route you may use your Order Entry Window to select one of the 3 Crossfinder Order Types from the Type dropdown seen here Inside Bid Inside Ask This route can also be accessed by adding a new Custom Route in the Custom Orders Tab with the acronyms CSFB in the Market field and CRSA N or P in the Contra fields as seen below Name Your Key with Always Enter CSFB in the Market Field Enter Your Choice of CRSA CRSN or CRSP in the Contra Field Remember to MouseClick Defining Properties Done when Finished Linking MM Boxes Rese
68. ets not h Sean ehe I listed A CHEX Oon o Order Entry Windows point and click trading Back to Quick Ref The user can input orders using the mouse driven configurable order entry window Each window has the same trading capabilities Order Entry 2 provides a vertical view while Order Entry 4 provides a horizontal view Vertical Order Entry Market Shares Visible TIF Horizontal Order Entry Order Entry HOG Inside Bid Inside Ask 2552 2634 _ BUY A E Shares Market NDAQ 100 ef 26 81 k ATS Type Visible Limit 100 a B JEE ET AEREE This window can be configured to use the BUY and SELL buttons to send orders without hitting GO Right Click on the Window and Select Settings to access the Design Tab Here the user can UNCHECK Use the GO button to send an order seen below Order Entry 2 GID Symbol Shares Price Market QID 100 2 38 19 on ISLD Type Visible Direct 100 j E o L Inside Bid Inside Ask 38 19 38 20 S Hotbuttons Window point and click trading B Maiko ivick Beit The Hot Buttons Window allows the user to create mouse driven buttons that can be customized to execute orders or perform functions O dotButtons NYSEMktBuy Tier NYSEMktSellTier To customize the Hot Buttons Window use the right click mouse pop up menu ALERT Ticker Alerts Window Back to Quick Ref The Ticker Alerts Windows will alert you to stocks ma
69. filets sd steeper v Miscellaneous Size Orders SelectAllRows Custom Commands ChartButtonNext Sonit E M AddAlert i Cancel Order Keys Seer TEER Alt PEREI rma Ae Trading Function Keys ee utunk Ctrl Se ee eee one v Non trading Function Keys Manipulating a List of Orders Back to Quick Ref There are many ways to set price quantity and order parameters for your List 1 Multi select within the LOE Window or click the Select All button and use the fields in the second row of the LOE to manipulate the selected rows including Side buy or sell Target bid ask prev close etc Price an offset of your target such as Bid 03 or Close 15 and Size of Shares Select the row s and manipulate the price and quantity with the keyboard The offset and shares increments will be the same as those set on the Increments Tab Change the price and quantity in a spreadsheet and then copy and paste it into your LOE window Any changes will propagate in the LOE Window Choose abs for Absolute Value and type in any price in the Price field This will set that price for any selected symbols in the LOE To send market orders select Market from the Type drop down menu all price instructions will be ignored Creating LOE Defaults Back to Quick Ref To set defaults for your List Order Entry Window 1 Right click and select settings or left click the C in the top right corner of the window
70. for the following tab Linking MM Boxes Reserve Risers amp Fallers SuperSmart Smart Orders SOES List Order Entry 2 Commands Watchlist Options Layout Colun Listed Market Size Side With Position to Close Sell O Buy 4100 Target Price Tier v ERE Closeout Default bd Without Position to Close Ee E Set As Default Tier Set Time In Force 200 2 Select the properties for your default settings Once you have completed the form click Set highlighted in red above 3 Once you have set up a default select the rows in your LOE Window you would like to set to the default properties and click the Reset button seen below If you would like the entire window to use the default setting click Select All then click Reset List Order Eri A List Order Entry 2 F Listed Market OTC Market Type TIF MSO WSDG Limit Day Side Target Price Size bid 0 01 jigg Select All Cancel Reset Freeze 30 Symbol Order Price Order Size Order Side Price Updating Cost Updating Creating List Order Entry Commands Back to Quick Ref To create List Order Entry Commands for your Right Click Menu or Keyboard 1 Right click in the LOE Window and select settings or left click the C in the top right corner of the window to bring up the form for creating Right Click Commands seen here Linking MM Boxes Reserve Risers 4 fFallers SuperSmart Smart Orders SOES Tier Sizes Trading List Order Entry 20d Commands Wa
71. ies Edit Styles Trendline White Settings Default Saves Studies Display and Style tabs Unilink Figure LoGreen Manuscript Hide Banner z ss ose Window Studies white Once you have configured your chart with your desired Chart Type Colors Display Settings and Studies you can save it as your own personal Style Simply name your Style Layout and Click Add Note If you want to Modify an existing Style you must retype the name of the style and select Add once you click on an existing style it will reset it and you will lose all changes VI Misc Chart Features Back to Quick Ref Spike Filter The right click menu in the Lightspeed chart is now equipped with an option to Correct for Spikes When checked the chart will not scale to any points outside of 4 standard deviations Bad points will not be removed but the chart will not include them within the scale of the y axis Users may define a larger or smaller standard deviation in the Chart Tab Shared subtab Be Chart AEN 0 Oey eee Hide Header 45 95 x 45 96 370 254 2 Hide Buttons New Button Lines Chart Parameters Studies Display Style w Correct For Spikes Save to File Books l Back to Quick Ref NYSE Openbook NYOB and ECN Book are combined into one window called Books window Select the market you would like to see the full book in with the checkboxes on the right Books 2 Link Ul Move Size Minimize Lock
72. ime I try to cancel all pending orders using the SHIFT key I get negative fake shares added to my positions How do I stop this from happening Q Can I send a symbol from Lightspeed Trader to another application such as Esignal Q Can I get Lightspeed Trader to Confirm all of my orders or Warn me with personalized risk criteria Q What is the difference between Allowance and Through Amount on the Smart Orders Q What is the difference between Through and Marketable Limit on the Supersmart Orders Q What is the difference between Smart Supersmart and INCASmart Orders Q I am used to using RASH to send orders Is there an equivalent on Lightspeed Trader Q How do I place Hidden Orders Q I got executed on an odd lot how can I get out of an odd lot Q Is it possible to filter out Cancelled Orders from my Order Blotter Q Does Lightspeed Trader have any sound or audible alerts Q Wien I installed the VPN client I had to first turn off Norton before I could connect to the Q The clock on my Light speed Trader is incorrect How do I correct it What are the minimum requirements for my computer in order to run Lightspeed Trader Q What are the minimum internet connection requirements in order to run Lightspeed Trader Q Will Lightspeed Trader work on a Mac Q Is there a setting that I can set to block or make me re confirm orders where the price is outside of a pre determined variance range Q
73. ing them all to ensure your order will always get the best price If an unchecked participant is the only participant at the inside market your Smart Order will wait until that participant moves away or another joins it Now set your allowance amount to your marketable limit The Through section is for executing with ECNs first outside of the best price Today due to Reg NMS you can not execute through the market so it is advised to set your Through amount at zero and let your Allowance amount represent your limit The Smart Order can do one of three things if it is still pending once your marketable limit has been exhausted 1 Manually cancelled by user or cancelled by Lightspeed Trader due to a low Time in Force configurable here 2 Post the remainder of your shares on the ECN of your choice Set this by choosing a Remainder from the drop down seen here OR 3 Remain in the system and wait for a participant to reach your executable price again Your Timeout or Time in Force will determine how long you want the order to work If you would like Lightspeed Trader to cancel the order if your allowance amount is exhausted choice 1 select a Time in Force of about 30 seconds or less Popup will determine if you want to hit Enter to confirm your Smart Key before it will begin to execute If you would like to change the Marketable Limit Price of your order frequently prior to Order Entry you should select Yes If you typically
74. ings Configurations As shown below in the Level 2 settings you can set different colors for the fonts at each price level and also set different background colors for active and inactive Level 2 windows Level 2 Information Columns Font and Colors we Select the desired data cohumn s and oes a G Fade Font ESA EF ke Font Saas Fort ee araee Font Jee W KF Font Mee 23 iil d J Show col names 1 font color A Ts Gat Colac fl In the Level 1 settings you can set the active and inactive backgrounds in the top right hand corner as shown in the screenshot below Level 1 Information Data Fields Template TESEN template to set vertical spacing between the rows 3 3 r As seen below the rightmost of the 3 Level 2 boxes below is your active window We set the active background for Level 1 and level 2 to black and the inactive background color to blue Microsoh Ca j EO MSFT 117 80 117 80 58 arca 117 83 r EFA isdq 117 83 3 arca 7 E 117 80 117 83 gt nsdg 117 80 117 83 25 bats 117 80 4 cdu 117 83 5 edgx 117 80 3e 117 83 edga 117 80 386 arc 117 84 hasx 117 79 337 ns 117 84 H Fi ran Fi Fi a Pay P Pd Psd Pad arca 117 79 257 117 64 11 62 1 86 arca 26 01 87 arca nsdq 30 19 30 16 1 iis msdq 117 79 186 edax 117 84 11 52 1 fjf164 nsdq 26 01 168 nsdq FAQ s Back to Quick Ref Q I downloaded the software and VPN install at home but when I try to log in
75. is option your Tier Sizes will reset to the Master Default after retyping and will not save in this list Note When using this option if you do want to permanently change your Tier Size to something other than the Master Default use the Custom Tier List on the Tier Sizes Tab Symbols added to the Custom Tier List will not reset back to the Master Default Tier size when the symbol is re typed Change Quantity in Pop up Affects Official Tier Size When checked each change in the order pop up will change your tier size for that symbol in your Level 2 Custom Tier List The user can define specific default tier sizes by equity Tier Changers The user can customize the Numpad to represent personal tier preferences Set a Tier Change to Pos to change the Tier Size to your Current Position in the focused Symbol 5 key to set tier When checked the user can hit the 5 key above the keyboard that will allow the user to type in a tier size using the numbers keys above the keyboard The user can also map another key other than the 5 see Keyboard Trading Function keys Trading tab Back to Quick Ref Closeouts Subtab ADMIN About Accounts Alerts Advanced Orders Baskets CustomOrders Design ECN Orders Increments Keyboard Linking MM Boxes Reserve Risers amp Fallers SuperSmart Smart Orders SOES Tier Sizes Trading Windows ERAR Closeouts Confirms TIF Warnings Events Route Closeout Commands
76. king Highs and Lows on the day E E ee Symbol Price Change Low Hit High Hit Type Volume a To customize the Ticker Alerts Window use the right click mouse pop up menu For a full explanation of how to customize Ticker Alerts click here News Window E Back to Quick Ref The News window provides current news on either the equity displayed in the MMBox or all news headlines 4 TT Time Symbols Text 08 18 2007 00 05 25 BAC BAM BKAER DJH Barron s 8 20 A Brighter Outlook For Financial Shares 08 17 2007 19 21 51 ETFC DJN DJ E Trade Refutes Rumor That Clients Couldn t Withdraw Cash 08 17 2007 12 09 11 DELL DFR ETFC H DJN DJ US Hot Stocks DFR DELL RDEN ETFC HPO HD IP KSS 08 17 2007 10 39 40 BSX CFC DELL DF DJN DJ US Hot Stocks BSX CFC DFR TRY DELL ENDP ETFE HM HPQ HD 2 08 17 2007 09 42 35 DJIDAY ETFC DJN DJ US Stocks Open Very Strong Brokers Leap E Trade Up 15 08 17 2007 09 78 14 ETFC DJN DJ E Trade ETFC Mkt On Open Buy Imbalance Shrs 85794 08 17 2007 08 06 42 ETFC DJN DJ MARKET TALK E Trade Disclosures Should Help Ease Concerns 08 17 2007 08 04 06 EBSX DFR DRIEEND DJN DJ US Hot Stocks To Watch BSX DRI DFR RDEN ENDP ETFC HMX KSS 2 08 17 2007 07 14 42 ETFC DJH DJ Dir WILLARD Acquires 15 000 Of E TRADE FINANCIAL CORP ETFC 08 16 2007 17 31 16 ETF DJN DJ E TRADE Fincl Corp Issues Supplemental Portfolio Disclosure 08 16 2007 17 17 52 ETFC DJN DJ E Trade Has 106 Excess Borrowing Capacity Fro
77. lance Net Imbalance Volume of Vol Reference Price Near Price Far Price OF TOW CHAI Back to Quick Ref Option Chain The Option Chain will display best bids and offers for all contracts for a chosen equity symbol You may enter equity symbols into the upper left corner of the Option chain OR the Equity Level II window which is linked to the chain FENNA Near Date Near Money 168 66 168 65 x 168 66 16 618 153 Calls Last Change Bid Time Value In Out Money Open Interest Expiration APV KK 13 90 13 90 315 7 047 Nov17 07 p 31 18 399 APV KL 9 20 9 30 i 665 17 759 Nov17 07 a 67 21 291 APV KM 5 00 5 20 i LELE 16 239 _ Nov 17 07 1 57 25 913 APV KN 2 15 2 19 g 2 21 26 960 _ Nov 17 07 2 185 18 474 Time Value In Out Money Open Interest APV KO 61 64 655 31 349 _ Nov 17 07 i 61 19 335 APV KP 13 14 15 31 805 Nov1 07 135 21 466 Traders can add and remove columns from the Option Chain by Right Clicking and selecting Change Columns Use the Options dropdown from the Columns choices to choose from various Options related columns Double click a price on the Option Chain to populate the Option Order Entry Window with the Option you would like to trade f Option Order Entry Window E Back to Quick Ref Options order entry must be done through this order entry window You cannot use the keyboard OPTIONS Order Entry AAF l Sell to Inside Bid Inside Ask Buy to
78. led Orders Pandin y show Triggered Partial Fill Executed Reset to default Linking gt Link Filter Cancelled colors Select Save to File to export orders to a document Messages Window Back to Quick Ref All order messages phantom shares and position ticks will appear in the Messages Window r i m Show Header Change Columns Change Fonts Save to File Change Rows Change Tick Filter To customize the Messages Window use the right click menu To use your Messages Window for Ticks in your Positions or Phantom Stocks first change the Tick Filter in the Ticks subtab then change the of Rows allotted for Ticks to something other than 0 in the Rows subtab seen below Master Tick Filter Show Rows For Position User Messages ean Panal Admin Messages Trading Messages Watchlist Window The Watchlist window allows the user to monitor a list of desired equities and or indices j watchlist 5 pos Last Price Stock High Close INDEXES SOX 449 83 0 65 450 04 450 48 SPX 1 351 38 1 352 04 1 347 24 VIX 15 49 0 13 16 42 LEET ETF DDM 65 43 64 71 aaa 99 09 58 82 SKF of 50 i 58 00 of 134 791 STOCKS DELL 15 65 F 15 50 JPM MSFT To customize the Watchlist window use the right click menu where you can Remove symbols from the Watchlist Choose Show Input to enter new symbols directly in to the Watchlist Access Configuratio
79. ll P which as noted above identifies Preferred stocks If you type Comma comma to show the p for Preferred stocks you can continue to type comma to toggle through other special character symbols such as w when issued pw preferred when issued r rights and rw rights when issued Q Is there a way to toggle off and on the closing out of positions vs tier size orders Back to FAQ Ref A To accomplish the desired result you can configure ALT ALT for Closeouts in the Keyboard Tab and then use ALT ALT to toggle the mode off and on This is seen here Q Can I toggle through other ECN s with my keyboard with one mapped bid offer key Back to FAQ Ref A Yes use the Increments tab to build an ECN Scroll List and select ECN Scroll for your up down arrows or for Repeating Command Q I don t want my Tier Sizes to permanently change when I manually set them Can I have them reset to the default after retyping Back to FAO Ref A Sure there is a setting in the Tier Sizes Tab Reset to Default After Retype This will reset all Tier Sizes to the default setting every time you type up a new stock Q When I initialize an Order Pop Up Window the price does not dynamically update to the inside market I d like to change it so it s dynamically updating price How do I do that Back to FAQ Ref A In the Increments Tab there s a setting Dynamic Price Updates In Pop Up
80. m Fedi Home Loan Bank 08 16 2007 17 17 11 ETF DJN DJ E Trade s 15 76 First Lien Mortgage Supported By Pvt Mortgage Insurance 08 16 2007 17 16 31 ETFC DJN DJ E Trade Current Market Cap Doesn t Reflect Fincl Strength Of Business 08 16 2007 17 16 03 ETF DJN DJ E Trade Has Seen No Material Changes On Pricing On Wholesale Funding S fi Block Ticker E Back to Quick Ref The Block Trades window will indicate when a trade over 10 000 shares has printed in any symbol fd Block Trades i U Symbal Size Exchange a 42 000 14 06 39 MWSE 38 900 14 06 28 NSD 14 05 47 e Users can filter the window by a minimum size of trade or by the price of the symbol e Users can be alerted to trades over a certain of shares by indicating a special Text and or Background color e Users can be alerted to trades in a certain Market by selecting a special Text and or Background color e Users can retain a short list of trades based on specific symbols or a specific trade size or both in the designated Fixed Area above the Block Trades Window Use the Design subtab of the Block Trades Window to set up this Fixed Area Imbalance Window Eal Back to Quick Ref Will Display NYSE Regulatory Imbalance at 3 45 in addition to updating NYSE Imbalances NYSE Informational Imbalances Displays All NYSE and Nasdaq Imbalances in Opening and Closing Time Frames Order Imbalances 2 2015 symbols 869 buy 1146 sell Symbol Net Reg Imba
81. map SDOTStopBid and SDOTStopOffer in the Keyboard tab of the main configuration menu or select Stop as the order Type and SDOT as the Market in your Order Entry Window Both are seen below Order Entry T NYSEMktOnOpenSellTier fay Vier Size i arr Ee i Closeout NYSELimtO nO penBidT ier Closeout Inside Bid Inside Sek NYSELimtOn0 penOfferTier i Wdiscella atopPidtier 3 Custom C Cancel 0 Trading i Non tradi Access K Benefits to SDOT STOP Orders e Not subject to being triggered by out of market prints e Eligible to remain live after log off pending front end deployment of GTD Orders e You can close positions and initiate new positions with this order type Negatives to SDOT STOP Orders e Only accepted in Listed Symbols e Market Orders Only e Must print on primary exchange before triggering your order This means if you place a Stop Order in an AMEX symbol it must print at your price on the AMEX before triggering e Orders not eligible for execution before after market hours 2 STOP Orders to the Automated Trading Desk Back to Quick Ref Lightspeed now has the ability to send STOP orders in Listed AND Nasdaq symbols to a new destination Automated Trading Desk ATD These orders are triggered by quotes once your stop price is represented on the inside market ATD will send a Market Order on your behalf To send these orders you can map the StopBid and StopOffer Key
82. mpleted click New a E F i To ADMIN Aboul Accounts Alerts Advanced Orders Baskets Custom Orders Design ECN Orders Fam All All Commands New Commands Route Bi l Command Name NSDOTFTYBUY a a 2 Configure the parameters as you would in any Custom Order including size quantity marketable limit time in force and whether or not you want it to be a pop up confirm In addition to entering the ECN Market you will also enter in the routing instructions in the Contra Field seen below j p ADMIN About Accounts Alerts Advanced Orders Baskets Custom Orders Design ECHN Orders T eae PAT All NSDOTFTYBUY Type Route Mame NSDOTFTYBUY J Side Market Display Through Order Size Popup With Position to close Confirm CETE visible 0 030 mel V Closeout E es 1 bo pmm Hidden w Tiers Big Quantity Conta v Ask _ _ _ Ulasdag Bid without Posifion fo close Nasdaq Ask 7 DAY ITFTY Nasdaq sk v Tiers if Quantity 00 00 A Market Note You may only enter 4 letter acronyms in each field 3 Once the new order command is created map it to a hot key in the keyboard tab or add it as an order button to your Hotbutton window These custom routes are not compatible with the order entry window E F 7 re 7 aa z z Export In
83. n Settings to create new Watchlists add symbols change columns and rename Watchlists Watchlists have the ability to Sort by any column Copy paste lists of symbols from a spreadsheet in to a Watchlist or List Order Window Time Frame Columns in the Watchlist Window are accessible from the Available drop down menu under change columns Smart Orders Thermographs Tier Sizes Trading Windows Watchlist J Watchlist Options Layout Columns FocusWnd Key Window Debug Columns _ Available Select a Standard Layout Time Frame fag Switch to Delete gt gt First Price time TIAE Ss PH Litirne Sort By Une Column ikd High Friceftimne Low Price time Net Changettime Frice Ranqgettime Mol Ratettimel v Wnused These columns can be configured for specific time frames 2 60 minutes or Day As seen above users can assign different Time Frames to each column Net Change Change from beginning of the period to Last Price Change Net Change of the Period as a of Price at beginning of period Price Range The range between the High and Low of the period High Price High Price for the period Low Price Low Price for the period HYL Whether the stock is currently at the High or Low of the period First Price The price that marks the beginning of the period when period Day the First Price is the previous close Range Price Range as a of First Price Volume The volume for the period
84. ncheck the ECN if you do not wish to show it You may also type any Market Maker or Exchange in the Exclude MM s section to remove them from your Level 2 Q What is LRP in my Level 2 Back to FAO Ref A The Liquidity Replenishment Point is a volatility control built into the Display Book to curb wide price movements resulting from automatic executions and sweeps over a short period of time When triggered LRPs automatically convert the market temporarily to slow or Auction Market only mode allowing specialists floor brokers and customers to supplement liquidity in response to the stock s volatility Automatic executions resume after a manual trade takes place or automatically after a specified time period Q How do I set a specific ECN to always be on top of each price level Back to FAO Ref A The MM Box tab Price Levels subtab is equipped with a dropdown to set a specific ECN always on top seen here Q How do I check the margin requirements of a particular symbol Back to FAO Ref A Right click in your Market Maker Box and select Settings Select the Design subtab and check Show Margin Requirements When this option is checked the Margin Requirement will appear in the top right corner of the Level 2 with an Icon displaying 25 marginable or 100 non marginable Q How can I tell if a stock is shortable or locate required Back to FAO Ref A Right click in your Market Maker Box and sel
85. ne E Add Rate 2 00 Foreground 3 Y Traditional Per Thousand shares Personal Ticker Color i 3 Average FirstLewel Colorize P amp L and Net Change Custom URL determines which website the news request command will default to P amp L drop down menu determines the mark of the P amp L Your P amp L can be marked to the inside market or the Last Trade Note Options P amp L is always calculated by the mid point of the Bid and Ask and is not configurable Colorize P amp L colors P amp L and Net Changes in the Main Bar and the Account Summary Window Net P amp L Calculator Use the Net P amp L Calculation Tool to enter in a Base Rate an average Remove Liquidity Rate and an average Add Liquidity Rate Once this option is checked on the MP amp L in the top left corner of Lightspeed Trader will reflect your new estimated Net P amp L Traditional OR Average Price Users can calculate their P amp L by Average or Traditional Traditional is the First In First Out FIFO method Choosing Average will adjust your P amp L according to the average intraday purchase price of your position Therefore closing portions of your aggregated position will not have any impact on your average price ECN Orders Tab Back to Quick Refl Smart Orders SOES Thermographs Tier Sizes Trading Windows ii Export Increments Keyboard Linking MM Boxes Ordert Reserve Risers amp Fallers Super Smart ADM
86. oard Linking eet Lt io WAVE Cycle Exclusion List Mihis ECH E Scrallin Fref Throw q h Amount Ebay Ss Preferenced Wave Cycle _ Tier Sizes UED per Orde Wawe through mi Strike through preferenced MM ECNs Through amount tig Abe E oe h wig ait B PE aa MM Boxes PosMan Reserve Risers amp Fallers Smart Orders SOES Tier Sizes Trading Windows About Accounts Alerts Advanced Orders Custom Orders Design ECHN Orders Increments Reyboard Linking Se ei ea Tier Size Orders Closeout Orders up to tier Closeout Entire Pos Orders Miscellaneous Size Orders Custom Commands Cancel Order Keys i Trading Function Keys gt Y Mlultiplr T a om Cl tO L Enhanced Keys WAVES ellTier i v Order Entry Popup Use Alt Altfor Closeouts 7 0 e eo SB a ol Ep ae D Cancel How the Wave key works When trigged the wave key will blast pay hit the number of MM s ECNSs set in the advanced orders tab for the tier size multiple set in the advanced orders tab up to the Through Amount also configured in this tab MMS ECN Pref Defines how many MM s ECNs will be included in the blast Tier Sizes per order Defines the tier size multiple to be sent to each MM set Through Amount Cent Amount you would like the Wave Key to attempt to execute up to E G Number of MM s ECNs 4 Tier sizes per order
87. oll is defined by the user in the ECN Scroll section ECN Scroll The user can add ECNs to be included in the ECN scroll Priority is top to bottom If NYSE is in your ECN Scroll List it will only populate in Listed Stocks Numpad to Tier size This option must be checked to change tier size with the num pad while your pop up is up Number Keys Update Visible Quantity This option on by default will allow you to use your number pad to update the visible quantity when using Reserve The Visibly Quantiy circled below is what your order will be displaying out of your total order size Number Keys Update Price This option will allow you to use your number pad or your keys at the top of the keyboard to type in any price into the popup window When this is on as seen below the popup window will be displayed differently od NSDQ Dynamic Price Updates in Popup Use this option to have your Bid Offer pop up box update dynamically as the price of the bid offer in the symbol changes Note Once you manually change the price within this pop up box it will no longer change dynamically Leave Order Popup After Sending This feature also known as Sticky Pop Up will leave the pop up open after your order has been sent in order to send another order If this feature is checked the user must hit ESC to cancel the pop up Dismiss Order Popup with Mouse Click or Alpha Key Click anywhere in Lightspeed and dismiss the Open Order
88. ould be rejected under REG NMS Risers and Fallers tab Back to Quick Ref ADMIN About Accounts Alerts Advanced Orders Baskets Custom Orders l e gm mi J ma fe Risers Falers Super Smat Smart Orders Linking MM Boxes Newer display Symbol AAZST Minim Maximum Symbol primam EBIX an Minimum volume 100 Include Hilight UListed UNASD Pret Symbol Filter Always display Refresh Interval oe E E Show Col Dividers show Col Headings Increments Keyboard Trading Windows Data display options H Show Risers Show Fallers gt For Risers amp Fallers Show het change _ohow Inside Market Show Pct change Show Most Active Active H Show volume Show Last Price The Risers and Fallers R amp F tab allows the user to customize the R amp P Window Smart Orders tab Back to Quick Ref About Accounts Alerts Advanced Orders Custom Orders Design ECN Orders Increments Keyboard Linking MM Boxes PosMan Reserve Risers amp Fallers Smart Orders SOES Tier Sizes Trading Windows Smart 1 Smart 2 Smart 3 Nyse only Through Timeout Popup Min Shares MPs 0 00 00 00 05 Ares i z M o Allowance Remainder ARCAN 0 02 EEZ The Smart Order tab customizes the smart orders keys found under the keyboard tab Orders Custom rders Design ECNOrders Incre peesi a Smart 1 is associated with APLATI ee y SmartBuyTier1 Sm
89. ounts Alerts Advanced Orders Baskets Custom Orders Design ECN Orders incre L All TRAILINGSTOPSELLCLOSE Type Stop Name TRAILINGSTOPSELLCLOSE Stop order ier Size O RA Execute the selected command when the Stop is triggered o F Aj INCASmartMktSellFull Erroneous Trade Filter Amount 0 50 supply an optional filter value above Ifthe trade is away from the previous trade value by the atop hens filter amount or greater the custom stop will wait for a Trailing Stop P i Peg Second trade at your stop price Benefits to Custom Stop Orders e This is Lightspeed s only method of sending a Trailing Stop Order e By selecting the order within Lightspeed Trader that will be executed when your Stop Price is triggered you have the ability to select Market or Limit Orders and the destination of your choice e These orders can be sent in Nasdaq and Listed symbols e These orders are eligible for execution before after market hours Negatives to Custom Stop Orders e Because these orders are triggered as soon as the stock trades at your stop price these orders may be triggered by out of market prints if you do not have an erroneous trade filter Even with a trade filter the user will only be able to filter out one erroneous print e These orders will not be eligible to stay live after log off e These orders are specifically designed for closing existing positions and not for op
90. oving Average TSMA returns the moving average of a field over a given period of time based on linear regression It is calculated by fitting a linear regression line over the values for the given period and then determining the current value for that line Note A linear regression line is a straight line which is as close to all of the given values as possible Triangular Moving Average The Triangular Moving Average is double smoothed because it is averaged twice creating a smoother more wave like moving average Volume Weighted Moving Average The Volume Weighted Moving Average weights the price of each bar with the volume of that bar In this way bars with higher volume will be more heavily weighted in the computation of the average Volume Moving Average This is a technical analysis of the volume pane of the chart It will draw a line mountain illustrating the Average Daily Volume over your specified period Linear Regression Indicator This is an indicator that plots the endpoints of Linear Regression Lines for each period A Linear Regression Line is the line that best fits into the plotted points on the defined period Linear Regression Slope This will display the slope of the Linear Regression Indicator V Chart Style Part 4 Saving your Chart Style Back to Quick Ref Style Window Hide Header Hide Buttons Mew Button New Sty em Arem Figure move eae Gra Chart Parameters Manuscript Studies Mountain Display Stud
91. ow many times each stock has made a new high or new low on the day Top Symbol Key Send the top symbol in your Ticker Alert to your Level 2 with a Key Stroke In the configuration menu of any Ticker Alert Window there is a Top Symbol Key Tab Find the keyboard key you want to map to and click Select Key oe Alo p USEE Topsymbol Key Filter Layout Columns Window Rot TopSymbol3 Ticker Alert Select Ke Command Mapped to lt SHIFT J Tier Sizes tab Back to Quick Ref Risers amp Fallers Super Smart Smart Orders SOES Thermographs Tier Sizes Trading Windows fn EEE ee ee Be Bd Master Default Tier m Custom Tier List Tier Changers Set all stocks E i Use Numpad ta 100 sh B orders at Change Tier Save Default Tier after Logott 0 otherwise resetto 100 Tier Sue V Save Detault Tier Overnight 100sh otherwise resetto 100 v Reset to Detault After Retype Set all Futures orders at 1 ctret 5 kewto set Tier The Tier Sizes tab allows the user to customize default tier sizes Master Default Tier Sets the default tier size for all stocks Reset to Default After Retype Use this to clear your tier size changes and revert to the default tier size when you change or retype a symbol Typically once you change your Tier Size for a symbol within the Level 2 it is permanently added to your Custom Tier List seen above By checking th
92. own values This is further described here Q Can I change the color settings in the highlighted active Market Maker Window Back to FAO Ref A Yes you can Under Configuration Settings go to MM Boxes Tab then the Design Sub Tab click on Level2 under Customize Quote2 Window You ll see that you have the ability on Lightspeed to vary the colors in the active vs inactive Level 2 Windows Q Can I configure the color of certain columns in my positions page based on whether I am long or short Back to FAO Ref A Yes you can Right click on the positions page and select Change Columns Highlight any Column that is added and Select Colorize by Long Short Position You ll see that you have the ability to select any color for Long or Short Positions This is also described here Q Can I move the main Lightspeed bar independent from all the other windows Back to FAQ Ref A Yes you just need to hold the CTRL key down while moving the Lightspeed bar which will allow you to move the bar by itself Q How does Lightspeed show preferred s and how are Class A and B stocks differentiated Back to FAQ Ref A Preferred s are designated with a p and we designate Class A and B stocks by using the convention of A and B Here s an example using JP Morgan Preferred B shares JP Morgan preferred B would be entered in Lightspeed as follows JPM B the two comma s you type in succession will bring up a sma
93. rders Tab Supersmart Orders Tab Ticker Alert Tab Tier Sizes Tab Trading Tab e Closeouts Subtab e Confirms Subtab e TIF Subtab e Warnings Subtab e Cancels Subtab Windows Tab Smart Orders Supersmart Orders Bidding and Offering Order Modification point amp click Right Click Order Entry point amp click Custom Orders Custom Routes Stop Orders Stop Orders to the NYSE Floor Stop Orders to the Automated Trading Desk Custom Stop and Trailing Stop Orders by Lightspeed Trader Dark Pool Access Crossfinder Plus Lightspeed Dark Assault On Open and On Close Orders NYSE and AMEX On Open and On Close Orders ARCA Listed On Open and On Close Orders Nasdaq Listed On Open and On Close Orders Aggregate Orders Pegged Orders List Order Entry Adding Symbols to the LOE Manipulating a List of Orders Create Defaults Creating Commands LOE Tips Futures Trading Options Trading O Things to Remember Tier Sizes Right Click to Customize Linking Marginability and Borrowability Hide Banners and Headers Recently Entered Symbols P amp L Calculation Cost Basis Net P amp L Laptop Mode Windows Menu Import Export Settings Active and Inactive Level 2 Color Scheme O FAO s Q I downloaded the software and VPN install but when I try to log in I get Connection Failed Q How do I cancel my open orders Q Can I prevent the ESC key from cancelling all of my orders Q Can
94. red and T for Threshold Security Show Last Update Indication Will display and asterisk next to the Market that last updated Price or Shares Ms gt Wy Price Levels tab Back to Quick Ref About Accounts Alerts Advanced Orders Custom Orders Design ECHN Orders Increments Keyboard Linking MM Boxes PosMan tes Risers amp Fallers Smart Orders SOES Tier Sizes Trading Windows jesign Price Levels Highlights Shortcuts 001 I Round Quotes List NYSE MPs at top of Price Level List NYSE attop ListECNs attop of Price Level i BATS E ECM always ontop a a This tab allows the user to define the price levels in the level 2 and customize the quote display order Sort by The quotes in the Level 2 can be ordered either by size or price by checking the desired option ECN always on top This pull down menu allows the user to have a defined ECN at the top of the bid offer Ml be be yy A Highlights tab Back to Quick Ref About Accounts Alerts Advanced Orders Custom Orders Design ECHN Orders Increments Keyboard Linking MM Boxes PosMan Reserve Risers amp Fallers Smart Orders SOES Tier Sizes Trading Windows T F E Quotes Design Price Levels Highlight Shortcuts Stock All Highlight Own Order 0 r MM ECN Hilte in LS Yvindows CTRL ALT H to add from trading screen This tab allows the user to customize the color of individual market makers
95. rice you would be willing to sell at In the example below the order in IMAX will be a hidden order to buy at 26 82 the midpoint of the best bid and offer As the price of the displayed NBBO changes the price of your non displayed midpoint peg order will keep changing until the midpoint exceeds your limit of 27 29 or until your order is filled entirely Mim iMax tt aE 820 9 E 27 43 fre N1 26 66 1 598 9 NSDQ When placing Midpoint Pegged Orders with the Order Entry Window there is no Limit Price The price of your order will keep changing until your order is filled or until the user cancels the orders Order Entry MAX Market symbol shares TIF Type Visible a Inside Bid Inside Ask List Order Ent E Back to Quick Ref Use Lightspeed s List Order Entry LOE Window to send a list of orders at once Adding Symbols to the LOE There are several ways to add symbols to the List Order Entry window 1 Multi select stocks from a watchlist positions window or imbalance window and select Open LOE Window to start anew LOE window with your selected symbols in it Tit Order Ent unn List Order Entry 2 Listed Market OTC Market Tyi 2 NSDQ NSDQ Limit Day Side Target Price m ig i Remove Go Order Side Price Updating Cost Updating BUY Ask 03 Open LOE Window Copy Paste Select All Copy Configuration 2 Multi select and copy symbols from anywhere in LS and paste
96. rt sort Tier Size Orders o SNETBidScrollingTier Fa BATSDARK Closeout Orders up to tier c 3 Closeout Entire Pos Orders 7E 4s eae Y Miscellaneous Size Orders 3 SNETOFferScrollingT ier SUPER SHARTI Custom Commands c Cancel Order Keys TRAILINGS TOPBUYMKT v Trading Function Keys pee ey Non trading Function Keys l TRALINGSTOPSELL Access Keys Testing Deprecated 5 Enhanced Keys p Order Entry Popup Use Alt Alt tor Closeouts Y Disable Closeouts if there 0 0 0 m o Te D A D are no pos sions a a In addition to the keyboard or a hotbutton a custom stop order can also be launched from the Order Entry Window To do this select Stop Command from the Type dropdown of the order entry window The custom stop commands you have previously created will now be selectable in the Command dropdown as seen below Order Entry Wz symbol VZ Trail Amt Command gt 0 30 ING STOPBU VARGA Buy Ma TRAIINGSTOPBUY ARC ABUY MarketFull TRAILINGS TOPBUY ME TARCABUYMarketCloseoutF ull Inside Bid Inside Ask 30 39 30 40 Shares Stop Command Erroneous Print Filter Users can now input an erroneous filter seen below to ignore prints that are this amount or greater away from the previous trade Note If the stock prints twice outside of this range the stop order will trigger r a a 2 m ii a oe ee ADMIN About Acc
97. rwe Risers 4 amp Fallers Super Sman Smart Orders SOES Tier Sizes Trading Windows 7 p ri i E i ADMIN About Accounts Alerts Advanced Orders Baskets Custom rders Design ECHN Orders Increments Keyboard All CROSBUY 2 Type Route Done Side Market Display Through Order Size Popup With Position to close Confirm CSFB Wisible 0 000 l E res 1 Alo eee i Tiers Sed Y Quantity Conta Ask l i Witout Positron fo close CASA Tiers 1 i mn 5 Quantity Market 5 ee Remember to Create Create a Marketable Limit for your i af Buy and Sell Keys y Set Your Quantity Preferences Order and a Target Bid or Offer Once you have created the Routes you can map them to a Hotbutton or any Key via your Keyboard Tab Remember to Create Buy and Sell Keys Dark Assault The Dark Assault order allows Lightspeed traders to access liquidity at the top U S dark pools with a single keystroke or press of an order button Benefits of this order type include Lower access fees than most ECNs and Exchanges Potential price improvement midpoint matching Dark Assault orders are never displayed Get total anonymity This route can be accessed by adding a new Custom Route in the Custom Orders Tab with the acronyms LSPD DARK in the Market and Contra fields as seen below Create a M
98. s seen in the Keyboard tab or use your Order Entry Window seen below If you select STOP from the Type Dropdown in the Order Entry Window be sure to select STOP as the Market if you would like the orders to go to ATD Order Entry ALE Inside Bid Inside isk see 40 80 40 91 Symbol Shares Stop ar Ret XLE 100 41 07 STOP Typ nP T n aktOnd AEE Tier Size Orders oe PE Closeout Orders up to tier Closeout Entire Pos Orders Miscellaneous Size Orders V Custom Commands Cancel Order Keys Trading Function Keys pBidCloseoutFull Z o Non trading Function Keys OA a lopOfferCloseoutFull ese G E Benefits to STOP orders to ATD e Can be sentin Listed AND Nasdaq Symbols e Triggered by quotes not subject to being triggered by out of market prints e Eligible to remain live after log off pending front end deployment of GTD Orders e You can close positions and initiate new positions with this order type Negatives to STOP orders to ATD e Because ATD is owned by Citigroup a short list of symbols are not accepted by ATD This list includes but is not limited to C SOLF UAUA PXLW NWA IGC Please contact the Lightspeed Trade Desk for a complete list of symbols not accepted by ATD e Market Orders Only e Turn around times on executions with ATD may range up to 30 60 seconds 3 Custom STOP and Trailing Stop Orders Triggered and Executed by Lightspeed Trader
99. s that do not try to execute against an existing imbalance will be rejected after 3 45pm EST e All NYSE AMEX On Close Orders cannot be cancelled after 3 45pm EST NYSE Closing Offset This order type is designed to allow users to send orders to offset the NYSE Closing Imbalance after the imbalance has reversed from buy to sell or vice versa This order will also offset non regulatory imbalances imbalances of less than 50 000 shares For more information about the NYSE CO order consult the following document http www nyse com pdfs ClosingOffsetOrder_20091116 pdf ARCA Listed Symbols On Open and on Close Guidelines To enter Moo LOO MOC or LOC orders in ARCA Listed Symbols users can map a key from the Keyboard Tab or use the Order Entry Window seen below a amea z Order Entry XLB Keyboard i MM Boxes Order En Sort dallan H Shit HAt Ctrl YL Multiple e Market and Limit On Close Orders and Cancels in ARCA Listed symbols may be entered any time up until 3 59pm EST After this time only Limit On Close orders may be entered against an existing Regulatory Imbalance These orders are accepted up until 3 59 59pm EST e Lightspeed Trader does not display the Imbalances in ARCA Listed Symbols at this time e All ARCA Market or Limit On Close Orders will be rejected after 3 59pm EST if they do not represent an order against an existing imbalance in that symbol e All ARCA On Close Orders cannot be cancelled after 3 5
100. send the same order types and you do not want to confirm your order select No Supersmart Orders Back to Quick Ref Supersmart Orders are briefly described in the Supersmart Orders Tab section of this manual seen here and further described with examples in the Supersmart Memo available on our website Available in Version 6 0 128 and above Supersmart orders are designed to fill orders ageressively at your desired price Unlike the Smart order Supersmart will send orders simultaneously to all participants within a selected through price amount rather than to one participant at a time Supersmart also gives users the ability to select Preferred Market s which the order will route to first whenever there is a choice of venues at the same price NHasdaghOO0BuytTier NasdaghOO0SellTier NasdagLOOBidTier On the keyboard tab you can see the choice to map SupersmartBuy 1 or 2 Both choices are the same key it s up to the user to design different preferences for each order in the Supersmart Orders Tab seen below PS gLUUOTerHe SuperSmartbuyTrerl SuperSmartSellTterl SuperSmartBuyT ier SuperSmartSellT ier a A P p manbu SmartSellT tert ADMIN About Accounts Alerts Advanced Orders Baskets CustomOrders Design ECNOrders Increments Keyboard li e a x g Cni teserve Risers amp Fallers SuperSman SmartOrders SOES Tier Sizes Trading Windows p Super Smart 1 Super smart 2 Target Preferred Markets Remain
101. st Fit to Justfiy the Data next to the Label Name Double click on an Added Data Field and the below window will appear Enter your new Label Name and hit Enter or Click OK Set Level 1 Field Label x Level 2 Information Columns Font and Colors lt r Trade Prints Select the desired data columns and i gt Exch 41 7 2 7 3 Hide each of their relative column position s i EG Ei i o o ileft ta right ont ze ea oe Price 1 2 3 gt Dec pos eja rja z z mm Ciky 2 5 00 eae wo aa ico 000 0000 Market maker jl PIRS aoonoaononooonno po CUUAMEIEY goagaonoado G Go BG Eila Fonts M 112 58 Lyl 2 Font kox 112 63 Change Eis Bc ea N l Bs Show col names Show col lines BiG BG T 1 Font color A 1 BG color A 1 Font color I 1 BG color I ey Generate JP ay Generate Z eee gradients Piet eee gradients Mats This window allows the user to fully customize the level 2 quotes see diagram above Level 2 information columns etc The user can customize the sequence of the MM price and Quantity in the level 2 using the check box functions Active Inactive fonts colors Set different colors and settings for the window in focus windows not in focus Active Inactive Font Background color The user can either customize each price level individually or can check the single font color or single background color
102. t seen below Sirius HM Radio Inc 100 18 242 35 2191x1066 You may also scroll through previously entered symbols using Shift Left and Shift Right if this option is turned on in the MM Boxes Tab Shortcuts subtab P amp L Calculations Back to Quick Ref Users can modify the way their P amp L is calculated by modifying the options on the Design Tab seen here Choose to mark your P amp L against the Inside Market OR by the Last Trade in each symbol Note Options P amp L is always calculated by the mid point of the Bid and Ask and is not configurable You can also select to have your P amp L marked by First In First Out FIFO method by selecting Traditional or select Average to mark your P amp L by the average intraday purchase price of your position In the Average Method closing portions of your aggregated position will not impact your average price Cost Basis Price and P amp L Columns Back to Quick Ref Use the new columns Cost Basis and CB Marked P amp L etc to see a price field that incorporates your cost basis price Price Cost Basis Last Price 1 55 00 05 10 85 10 00 P amp L columns will retain your Traditional Price First In First Out with overnights last or Average price All Prices Averaged in and never reset until position is completely closed depending on how the user sets it in the Design Tab Note Once your position is closed even if only intraday your cost basis pri
103. t 1 Customizing the Colors Back to Quick Ref Super Smart Smart Orders SOES Thermographs Tier Sizes Trading Windows Chart me mem _ a T nan Chart Parameters Plot Settings Display Sie Window Debug Colors Saved Layouts Default Background 5 Symbol Figure Foreground Manuscript Text 6 Header Button Mountain Studies Up Down Axis Labels ae White Chart KHE 36 Months 13 35 Hide Header Hide Buttons Mew Button Trendline Chark Parameters Studies Display Settings Default Unilink Figure Link To Focus LoGreen Manuscript Mountain Studies Hide Banner Close Window Lied bi a el ls 1 Year 1000 Day S36 Month S0 Day 60 Fixed Today Intraday J 6 7 3 1 Change the background color of the chart 2 Change the foreground color of the chart gridlines and axis lines 3 Change the text color 4 Change the up down text color the colored axis the net change executions Note This does not change the color of your candles or bars which is changed in the Studies Tab Modify the Font of the Symbol in the top right corner of your chart Modify the Font of the Level 1 information and your buttons Modify the Font of your Axis Labels Save your Layout as a Style This will allow you to save different styles of
104. tchlist Options Layout Columns Window Listed Market Size Side Saved Commands With Position to Close Sell Buy 100 Target Price SEL Bid 0 BUYAsk 03 Tier v Thr sae Closeout Default sd Without Position to Close pesei lo Cea a Set As Default si Time In Force 2 Select the properties of your Rt Click Command Once it is complete name it and Select Add It will now appear in your Rt Click Menu in the Watchlist Positions Page Imbalance Window and List Order Entry Window 3 Select one Select All or Multiselect a subset of stocks in the Watchlist Positions Page Imbalance Window or List Order Entry Window and simply right click and select your command to Immediately Launch an Order seen here Remove Add From Quote Window BUY Ask 03 SELLBid 03 Open LOE Window Copy Paste Select All Helpful Tips on List Order Entry Back to Quick Ref e By default the List Order Entry execution has a maximum of 50 orders sent If you would like to raise this number you must contact your relationship manager e R bid ask mid close open last isa Rbid 01 bid 01 e All of the dropdowns in the LOE can be manipulated with the mousewheel as well as the keyboard e When choosing a target and a price offset the LOE is constantly updating your potential order dynamically as indicated in the Price Updating field If you would like to stop the LOE from updating and enter in
105. that you should check Doing this will keep the dynamic price updating until you step in and manually change the price Q With respect to the Super Smart commands do they by default include all the market participants ECN s regionals and national exchanges or do I need to specify each participant I want included Back to FAO Ref A By default we ve included all market participants Q Within the Super Smart can you clarify what overspray is Back to FAO Ref A Overspray shares determines how much more size than a participant is displaying that you are willing to send on each order That said please keep in mind that if you overspray a participant and your individual TIF is NOT zero there is a possibility that market may display your order There s more information available on Super Smart orders here Copyright 2001 2011 Lightspeed Financial LLC All rights reserved
106. the Supersmart order 9 Total Time in Force This will dictate how long you want your Supersmart Order to stay live For more about Supersmart Orders view the Order Entry section of this manual seen here Ticker Alert Back to Quick Ref Ticker Alert is a filter which allows the user to view stocks that break through Highs and Lows on the day ADMIN About Accounts Alerts Advanced Orders Baskets Custom Orders Design ECHN Orders Export Increments Keyboard Linking MM Boxes Order Entry PosMan Reserve Risers amp Fallers Super Smiart Smart Orders SOES Thermographs lier Sizes Trading g Windows Ticker AE Filter Layout Columns Window Debug Alert On Scrolling Display Include Exclude fd Restrict to These symbols fd Highs Wrap To Top Ea Lows Scroll Markets Within a NWSE Min Price 0 Max Price 0 Include i ise Ca MAS DAC IF Pea cooo E Win A p Max Vol 0 HEN PHG e AMEX a w Positions x A Max vol of 0 for no maximum QD Mi Small Caps Volume in thousands T You may filter by Highs Lows Minimum Price Maximum Price Minimum Volume and Maximum Volume in addition to filtering by Market If you would like to create a list of symbols to see Highs and Lows you may create a list in this tab and check the box Restrict to These Symbols This will only give you Highs and Lows on the symbols in your list Add the columns High Hit and Low Hit to your Ticker Alert Window to see h
107. the keyboard tab check off which particular size order you would like and you can select the key from that group The keys are the same in each group the only difference is the order size In Order to change your tier size you can use the Numpad to change to your predefined possible Tier Sizes seen here or you can simply type in a Tier Size using the numbers at the top of the keyboard Right click OR Click on the C to Customize Back to Quick Ref Right click on any window in order to customize that window Every window can be customized through this right click menu You can also click on the C in the top right corner of each window to access the Settings Customization Linking Back to Quick Ref There are no limits to the of windows a user can pull down within Lightspeed Trader If you would like to link each window to an individual Level 2 rather than the focused Level 2 use the Link menu from the Lightspeed icon in the top left corner of each window seen here Chat GGG 30 Days fox AAS U2 4 0 17 36 27 X 36 28 40 133 484 36 44 36 37 36 04 Move i i ha 36 27 Size i i at f e L Minimi inimize l iat tH nl T 34 00 v Lock at a lt a Always On T ways On Top i Fi Tt Ta Hi 32 00 Config l a Palette alt t H 30 00 i yr i i i T 20 00 opaan agne O Quote Window SPY l l l x Close ee Window RRR 36 00 200 0M ls h fh il wit il om Feb 06 42 19 har 06 i
108. tions How do I stop this from happening Back to FAO Ref A By default Lightspeed Trader uses that particular key combination to add Phantom shares Since on many softwares this same keyboard mapping is used to cancel all open orders you may make the Shiftt keys cancel all open orders by selecting this on the Trading Tab Cancels subtab seen here Q Can I send a symbol from Lightspeed Trader to another application such as Esignal Back to FAQ Ref A Yes by using our General Link on the Linking tab displayed here you can send the active LS symbol to any 34 party application Q Can I get Lightspeed Trader to Confirm all of my orders or Warn me with personalized risk criteria Back to FAQ Ref A Yes the Trading tab is equipped with a Warnings Tab seen here for setting your own Risk criteria and a Confirms Tab for different scenarios Q What is the difference between Allowance and Through Amount on the Smart Orders Back to FAQ Ref A If your through amount is greater than Zero your Smart Order will try and execute with ECN s FIRST within this amount This will cause your order to attempt to execute with an ECN at a worse price than a market maker on the inside We recommend setting your Smart Order Through Amount at Zero and your Allowance amount at your Marketable Limit Q What is the difference between Through and Marketable Limit on the Supersmart Order Back to FAQ Ref A The difference between Through and Market
109. u may open as many Orders Windows you like b Orders 2 Time Symbol Side Quantity Price Contra Order id 13 43 00 AAPL BOT 1000 1000 135 27 ARCA 16041 13 42 39 AAPL SSD 600 600 135 60 ARCA 16016 13 42 39 AAPL SSD 00 200 135 60 ISLD 16015 13 42 39 AAPL 55D 00 200 OR O 16014 13 42 32 LEH SLD 400 400 i 16006 13 42 32 LEH SLD 400 400 Hide Header 16005 13 42 32 LEH SLD 200 200 Change Columns J 16004 13 42 31 LEH SLD 400 400 Change Fonts 16003 13 42 31 LEH SLD 400 400 Save to File 16002 13 42 31 LEH SLD 200 200 Sacre 16001 13 42 31 LEH BOT 100 100 pa l 16000 13 42 31 LEH BOT 200 200 73 66 BATS 15999 13 42 31 LEH BOT 700 700 73 66 ARCA 15998 13 42 31 LEH BOT 200 200 73 66 ISLD 15997 To customize columns and fonts use the right click menu A more comprehensive customization can be accomplished using the right click menu Select Change Display to Filter out Display Active Orders Executed Orders or Cancelled Orders in each window Set your own colors on the Display Tab seen below for all order types in window ADMIN About Accounts Alerts Advanced Orders Baskets Custom Orders Design ECN Orders Export Increments Keyboard Linking MM Boxes Order Entry Personal Tickers PosMan Reserve Risers amp Fallers Super Smart lant Orders SOES Thermographs Tier Sizes Trading Windows Display Layout Columns FocusWhnd Key Window Debug m Show Colors v Show Active Orders Order Type Show Executed Orders Show Cancel
110. vot Lines are now one of the available studies from the dropdown in the Studies Tab Pivot Lines are only available on Today s Intraday Data they will not display on Daily Charts or previous day s data l Be Chart MUB Today 2 Mirus eX Chart Parameters Studies Display MUB 101 67 0 32 101 63 x 101 71 28 590 101 35 101 72 101 41 101 70 101 67 Tei D Resistance 2 Resistance 1 Pivot S33 Supporti I Suppot2 i 101 60 101 50 _I ee e 09 31 09 42 10 01 10 08 10 1418 10 28 10 39 10 48 44 00 11 08 1 Year 1000 Day 36 Month 90 Day 60 Fixed Today Intraday Plot Executions on Charts Select the Executions study from the dropdown in the Studies Tab to display your trades on the charts Buys are indicated with a green circle sells are indicated with a red circle Chart SPY 17 1 Minute Bars Pre Post Market t 0 795 9910 x 99 11 87 011 786 589 BK fe B aK 11 43 11 45 11 47 11 49 11 51 11 53 Overlay or Performance Chart Choice When selecting a Comparison Chart you can now select whether you would like it to display as an Overlay or a Performance Chart A performance chart will compare the overlaid stock s price performance to the Price Chart while an overlay will simply overlay the symbol s slope within the given scale of the Price Chart Smart Orders SOE Thermographs ier Size Trading Windows Current Studies Remove Executions Bar Width m WYNN Clear EA Lin
111. y Show Positions Remove Crossed Quotes OPEN This tab is thoroughly explained the in MM Boxes section seen here Design tab Back to Quick Ref ADMIN About Accounts Alerts Advanced Orders Baskets CustomOrders Design ECHN Orders Increments Keyboard Linking MM Boxes Reserve Risers amp Fallers Super Smart SmartOrders Tier Sizes Trading Windows F x al Quotes Design Price Levels Highlights Shortcuts Show Margin Requirements r Customize Quote Window v Display prints Y Show Greenie V Display thermographs Show Borrowable Indicator Underline improved quotes Colorize Net Change Underline direct ECNs Y show last update indication a Denote official MASDAQ inside Colorize Prints history by Price Hilite first ECHI ej Futu res a rti C al WI E Small l Level 1 Line Spacing Large l Level Line Spacing This tab allows the user to customize the quote display in the level 2 Display prints Allows the user to add remove the prints windows in the MMBox Colorize Net Change Displays the net change of the equity in the MMBox as green red Customize Quote2 Window Has the same effect as the right click option Level 1 Level 2 settings discussed below Show Margin Requirements Check this to display indication of whether stock is marginable Show Borrowable Indicator Will display indication E for Easy to Borrow L for Locate Requi
112. yboard Symbol Keep Add Alert Pop Up Open Price Symbol Price Volume Expiration Show Message Volume ALY 1 00 Last es show Messag Color Play Sound Expiration Mone The Alerts tab allows the user to set a price Last Bid or Ask or volume alert for a security or index A hot key can also be mapped to quickly set an Alert by default it is mapped to CTRL A Can be customized to any key Alerts Import Export Export Alerts to a spreadsheet csv file add new alerts via the spreadsheet and import a new list The following is the required format of the csv file only Symbol and Price or Volume are necessary fields Exp Exp Exp Show L1 Symbol Price Volume Year Month Day Color Msg Note Sound Value XOM 20 0 Yellow Yes Buy Yes Last XLV 100 0 Yellow Yes Sell Yes Bid XLK 50 0 Yellow Yes Hold Yes Ask If you would like to add to existing alerts you must first export your existing list add to it then import There is a default max import of 500 contact your Relationship Manager to discuss exceeding these limits Ability to Keep Alert Pop up open after setting alert When this option is checked the Add Alert Pop Up will remain open until the user dismisses it with ESC Advanced Orders tab Back to Quick Ref MM Boxes PosMan Reserve Risers amp Fallers Smart Orders SOES Tier Sizes Trading Windows li i ms a ar About Accounts Alerts Advanced Orders Custom Orders Design ECN Orders Increments Keyb

Lightspeed Trader

Contents

Download Pdf Manuals

Related Search

Related Contents