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Blackwood Pro Manual 4.5.10.3

1. Symbol Type the symbol of the desired stock in this window and 23ide Destination Type press the Enter key to set symbol id id into the Order Entry window When Size Reserve Limit Price Order Entry windows are spawned by OS w EES H double clicking in the Market Maker level II area or by double clicking a symbol in the Personal Stock Sorter Jagel strategy this window will be automatically populated with the symbol Tick Direction This window will show either a green up pointing arrow or a red down pointing arrow to indicate last tick direction Link Button Allows the Order Entry window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows Level Fields L Last Price B Bid A Ask Cl Previous day s Closing Price Lo Intraday Low Price Hi Intraday High Price Real Time Prices When this box is checked the Limit Price and Stop Price fields will display and follow the real time price of the stock selected These prices may be keyed off of the Bid Ask price or Last trade price by checking the desired check box Use this to add or subtract a desired amount to the Limit Stop price when using Real Time Prices Use the arrows to the right of t
2. Show Closed Positions Show Posikions with Moc Open Orders V Settings 2011 PacMid Technologies LLC Page 65 Blackwood Pro Manual Add 100 Sends a market order for an amount of shares that will increase the size of the position by 100 percent rounded up to the nearest 100 shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Add Custom Sends a market order for an amount of shares that will Increase the size of the position by a preset percent rounded up to the nearest preset amount of shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Cancel All Orders for Stock This will cancel all orders for the stock selected Cancel All Buy Orders for Stock This will cancel all buy orders for the stock selected Cancel All Sell Orders for Stock This will cancel all Sell orders for the stock selected Cancel All Short Orders for Stock This will cancel all Short orders for the stock selected Cancel All Orders Cancels all open orders for all stocks Cancel All Buy Orders Cancels all Buy orders for all stocks Cancel All Sell Orders Cancels all Sell orders for all stocks Cancel All Short Orders Cancels all Short orders for all stocks Select All Selects all positions in the Trader View window Buy Sell to Basket Places all selected positions into a Basket Order En
3. Closed P amp L The amount of profit or loss closed or booked intraday for the stock currently held Total P amp L Reflects the combined profit or loss of both open and closed positions for that Stock intraday Used The amount of buying power currently being used by the position price times number of shares held Total Shares The total number of shares traded for that stock intraday Average Buy The average price of all executed Buy orders for that stock Average Sell The average price of all executed Sell orders for that stock Total Buy The total number of shares bought for that stock intraday Total Sell The total number of shares sold for that stock intraday OCC Requirement The dollar amount required to support the position 2011 PacMid Technologies LLC Page 64 Blackwood Pro Manual Positions Right Click Menu Right clicking on a selected position in the Trader View window while set on the positions tab will bring up the following options Flatten Flattens closes the selected position based on Cover Strategy in Settings Defaults Tab Flatten All Flattens closes all positions Cover 25 Sends a market order to cover sell to cover longs and buy to cover shorts the selected position for a Cover 25 quantity of shares equal to 25 percent of the total position caver ale size rounded up to the nearest 100 share lot Note To See avoid odd lot charges the cover functio
4. Mm Today s Volume Closing Only Settings Filter T Select Columns Shares 0 E 0 Reset d Change Font Refresh Close Price Glways on Top Sort on Header Click l Hide Header Display Min 0 Max oo Heset w Show Horizontal Lines x w Show Vertical Lines Minimum Imbalance Drag amp Drop Opening 10000 Closing 10000 Reset eem Ss Filter Market Imbalances Filter ok Cancel Show Exchanges e NASDAQ When selected stocks traded on the Nasdaq will be displayed Imbalances Columns Picker e NYSE When selected stocks traded on H ETS SE AT the New York Stock Exchange will be S Net Cha Symbol displayed HTB nt T inne e Preferred When selected preferred A AM Last Price Curr Imb stocks will be displayed Net Chg Volume Min Today s Volume Closing Only Filter Position Vol E vchg Paired Vol imbalance list by shares and or percent If gt gt Bet Price n a shares value is entered it will show Llr Frice CO Price z imbalances in stocks having greater volume Reg Imb If percent value is entered it will show imbalances in stocks having greater percent volume Close Price Filter imbalance list by previous day s closing price Minimum Imbalance Filter tmbalance list OK Cancel by volume of the imbalance in each stock Select Columns Selecting this will open a Imbalances Columns Picker window which will allow the data that is displayed in the Pre Market Indications window to be customized to
5. Trader View Shares feral Closed P amp L See 52 Fi Open Shares Open P amp L TrueNetExp SREL OCCReg Acc Equity Contra Trade P amp L Total P amp L 2a ARCH 11 32 11 11i370004 LU 115 24 400 a ARCA 1i 30 32 11300025 LU 113 24 300 100 131 70 ARTA 1 58 46 103800203 23 38 113 24 200 100 131 66 ARTA 1 59 10 ios90005L 19 38 91 66 300 131 68 AFCA 10 58 52 10550024 21 35 72 48 ES zeen lass iossoozed aise el soo 10 58 52 SELL 100 SPY 131 6800 ARCA 10 58 56 SOLD 100 SPY 131 6600 ARCA a Time Symbol Order Time OrderID 11 32 11 11 30 33 11 08 13 10 59 55 10 58 56 Pos Size Orders Executions Cancels Positions All Locates Time Time the trade was executed Order Time The time the order for the executed trade was placed Symbol Symbol of stock being executed Side Indicates whether the execution was to Buy Sell or Sell Short Size The amount of shares executed Price The price at which the trade was executed Contra Displays the exchange or venue where the trade was executed Order ID The identification number assigned to the executed order by the Blackwood system Trade P amp L Reflects the amount of profit or loss realized as a result of the execution Total P amp L Reflects the total intraday P amp L for all trades as a result of the execution Pos Size Total size of the position as a result of the execution Executions Right Click Options Se
6. 2011 PacMid Technologies LLC Page 90 Blackwood Pro Manual Always on Top Keeps the window on top of all other windows Settings Select Columns Selecting this will open a Columns Picker window which will allow the data to be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click Ok to close window and set changes Change Font Opens a window that allows the user to change font style and size Click Ok to close window and set changes Change Colors Opens a window that allows the user to change colors of background and text of items Click Ok to close window and set changes Sort on Header Click Allow the user to sort data by clicking on column headers Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked Drag amp Drop Allows user to left click hold and drag items into the window when checked H 2011 PacMid Technologies LLC Page 91 Blackwood Pro Manual Using the Price Alerts window Price Alerts EI xX gt Step 1 Type in the symbol of the Price Alert Details stock Symbol Below Price Above Price
7. Blackwood Pro User s Manual pacmid ECHNOLOGIES 100 Fifth Avenue e 7 Floor New York NY 10011 Phone 212 531 8500 e Fax 212 367 8567 Email info pacmid com Blackwood Pro Manual Copyright Notices 2011 Pacmid Technologies LLC All rights reserved This manual software and firmware described in it are copyrighted You may not reproduce transmit transcribe store in a retrieval system or translate into any language or computer language in any form or by any means electronic mechanical magnetic optical chemical manual or otherwise any part of this publication without express written permission Software License Agreement License A copy of the Pacmid Technologies LLC Software License Agreement is included in the New Account Documents and provided for your reference only By copying using or installing the software or the product you agree to be bound by those terms Trademarks The Pacmid logo and Pacmid are trademarks of Pacmid Technologies LLC Other product names mentioned herein are for identification purposes only and may be trademarks and or registered trademarks of their respective companies Specifications subject to change without notice Revised 8 11 2011 2011 PacMid Technologies LLC Page 1 Blackwood Pro Manual Blackwood Pro User Manual INT OCGUC CHOM err Tre et er errr eer ere rer Te 4 PDOUL OTT EN 5 Workstation Specifications ssseseererrerer
8. El Link 1 Fixed Font WM rk z Change Background Color WW Links TT Link 4 Links Link 6 Link Link Bi Links Link 10 Bx 16 69 PAY 52 50 Right Click Menu e Settings See Settings Menu e Link Allows New High and Lows window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2011 PacMid Technologies LLC Page 118 Blackwood Pro Manual New Highs and Lows Settings Show Exchanges Symbols Filter NASDA AE Show All e Show Orly OTC BB sd add Remove Price Range Filter Min 0 00 Max 0 00 Volume Range Filter Min 0 Max O Ok Cancel Settings Menu Choose Settings from the right click menu to open the New High and Lows Settings filter window e Exchange e NYSE Check this box to display data for stocks traded on the New York Stock Exchange making new highs lows e NASDAQ Check this box to display data for stocks traded on the NASDAQ e AMEX Check this
9. Use Venue boxes are False the Order Size window will become active allowing the trader to enter a specific order size to be sent to that Venue upon submission of Sweep orders When Order Size is set to zero 0 lot size in MM window will be used e Use Day When this box is True Sweep orders will go out as Day orders and unfilled portions will remain open on the Venue s limit order book until filled cancelled by the trader or until the end of the day When set to False Sweep orders will go out as IOC Immediate or Cancel e Slippage When a price value is entered into this window Sweep orders will be sent at a limit price plus or minus the value set in the Slippage window e NASDAQ Stocks The settings in this area will affect Sweep orders sent for stocks listed on the NASDAQ These settings are the same as described above for NYSE stocks However SDOT is not an option as a routing Venue The available Venues for NASDAQ stocks are INET ARCA BATS and SUMO 2011 PacMid Technologies LLC Page 32 Blackwood Pro Manual settings d i Defaults Keyboard i Layout i Market Sweep h Da P El Sweep Wave A HYSE Stocks EI NASDAQ Stocks E INET Use INET True Order Size 0 EI ARCA Use ARCA True Order Size LU HI BATS Use BATS True Order Size 0 EI SUMO Use SUMO True Order Size 0 Use D r False Slippage LU 000000 2 Smart Sweep The settings in this area effect how Smart Sweep orders will b
10. 1EDGX 78 7 SNYOB 78 aa die spiere 78 3 INET 2EDGA 78 1BATS 7833 3 Ih 1 A YOR a A fool de K d hHeCb 4 In 70 oe dp AU JARCA 783 24 1 BAIS 7i 6 W RnD T 7 J e CN a 6 BATS DARCA 70797 3 ARITA ER Click ees Two Sided Trade Entry rr Size Destination Price Stop Price a Ge mm fC l 8 Reserve Order Type TIF Peg Amount N Ri f g co co I 2011 PacMid Technologies LLC Page 46 Blackwood Pro Manual a Level Data Fully customizable section Available fields include last trade price net change open price previous close price low of day high of day volume current bid ask and much more MMID Column Displays the Market Maker s exchange ID Bid Column Displays bids offers to buy the bids source and size Ask column Displays asks offers to sell the ask source and size Prints column et Maker Levell Fields Picker Available Fields Prey Change Time Prev Close Bid Size Ask Size Print Size Curr Imbalance Init Imbalance Imbalance Paired Imbal Ref Price Imbal Clr Price Imbal CO Price Prev Met Opening Gap Reg Imbalance OK Selected Fields Bid 4sk Size Low Displays real time Prints actual trade executions price size and source Prints in Red Trade executed at bid price e Prints Highlighted Red Trade executed below bid price Prints in Green Trade executed at
11. 45 Minutes Volume Hate E schange BO Minutes BR EE NYSE NASDAQ in Da ar PJAMEX OTe Stock Count E E Cancel Settings Menu Choose Settings from the right click menu to open the Top Gainers Settings filter window Time Span Choose the time span that the window will display data for by clicking the box to the left of the desired interval Stock Count This window reflects how many stocks will be displayed at one time Use the arrows to the right to adjust quantity Price These windows allow the user to filter stocks based on the per share price of the stock Enter a minimum and or a maximum price in the Min and Max windows provided Price Range These windows allow the user to filter stocks based on the price range the stock has traded in during the selected time span For example If a stock trades from 20 00 to 21 00 during the selected time span the Price Range would be 1 00 Average Volume These windows allow the user to filter stocks based on the Average Daily Volume the stock trades calculated from historical data Enter a minimum and or a maximum Volume amount in the Min and Max windows provided Change These windows allow the user to filter stocks based on the amount of price change the stock has realized during the selected time span Enter a minimum and or a maximum price in the Min and Max windows provided Volume Rate These window
12. Note reserve orders are only good on ARCA INET BATS EDGX Use the small up down arrows to the right of the window to increase or decrease size by your default Small Size increment and the larger arrows to adjust size by your Big Size increment These default increments may be set in the Settings Defaults menu under Increment Values see Settings This window will only function when ordering from the electronic exchanges and may not be used for SDOT or HUNT orders Order Type This window display the type of order to be sent To change the order type click the dropdown arrow to the right of the window and choose the desired type from the dropdown menu See Glossary for a description of order types TIF Displays Time in Force or the duration of the order To change the TIF click the dropdown arrow to the right of the window and choose the desired TIF from the dropdown menu See Glossary for a description of TIF options Peg Amount Delta from the peg primary peg market price Buy Sell Short Cancel Buttons Use these buttons to send orders for the stock displayed or cancel all orders for that stock x Button To right of Stop Price Discr window closes point and click interface Button Expands point and click interface to display Quick Order Price and Size Adjustment buttons 2011 PacMid Technologies LLC Page 51 Blackwood Pro Manual Ticker Window The Ticker windo
13. Se Fill Colors Font Show Headers Solid E Use L1 Font Use Fixed Size Mert Gradient Show Scroll Bar a Horz Gradient Font Microsoft Sans Serif 11 Visible True Ge Alon Mert Center Ask ae Align Horz Right Cmd Prints T Fort Microsoft Sans Serif 10 Reverse Gradient Color 2011 PacMid Technologies LLC Page 48 Blackwood Pro Manual e Stock List Shows the last 5 stocks in the MM Shock lie IEM window with a check mark VY next to current one IT e Change Level Fields Clicking this will pop up a window see Level JMJ Picker that will allow the user to select which data fields are displayed in xOM the Level area w Di e Change Background Clicking this generates a window that allows the user to select a different background color for the Market Maker window In the color selector window click the desired color from the pallet to select that color Use the slider arrow to the far right of the window to adjust the shade of the selected color After making desired selections click OK to set changes and exit selection window or Cancel to exit without making changes e Settings See Settings Menu below e Show L2 Headers Checked on by default Checking un checking this will hide or display the header line located between the Level and Level Il areas of the Market Maker window that describes the Level II columns displayed e Refresh Symbol Refr
14. Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows Change Font Selecting this opens a window that allows the user to change the font style and size Fixed Font Checking this will keep the font size when re sizing the window Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2011 PacMid Technologies LLC Page 104 Blackwood Pro Manual Down Moves This window is only functioning in the PRE MARKET This window may be opened by clicking Windows at the top of the Blackwood Pro login box and selecting Down Moves from the dropdown menu Down Moves DAY O X Show MASDAQ vw Show MYSE AAPL e o ASML Show OTC BE LOGI No Symbol Link Change Font Link 1 E w Fixed Font MW Link z GILT Change Background Color WW Links SHPGY link 4 EMM Links FORTY EI inks IJH D Link IVOO as El Links MDY E Link 10 MYY UMDD VMED EE This window is a real time streaming market filter that displays the stocks in which the most down ticks are occurring Right Click Menu e Show NASDAQ Checking this displays stocks traded on the NASDAQ exchange e Show NYSE Checking this displays stocks traded on the N Y Stock Exchange e Show AMEX Checking this displays stocks traded on th
15. Windows at the top of the Blackwood Pro control panel and choosing News Trade from the menu This window displays Real time trading related news provided by several of the top News sources in the industry News IBM O X Date Time Exchange Ticker WireCode 0 HeadLines 03 16 11 16 21 00 NYSE IBM MidnightTrader MidnightTrader s Analyst Notebook IBM 03 16 11 16 15 00 NYSE IBM FlyOnThev all IBM initiated with a Neutral at Credit Suisse TheFlyOnThevy 03 16 11 15 27 00 NYSE IBM MidnightTrader Sector Update Technology Shares Down as Big Sector Nam 03 16 11 15 19 00 NYSE IBM MidnightTrader Sector Update Technology 03 16 11 14 18 00 NYSE IBM FlyOnTheVyall IBM has next support at 151 46 TheFlyonThewWall 03 16 11 13 15 00 NYSE IBM MidnightTrader Sector Update Technology Shares Slip IBM Falls on Key Do 03 16 11 13 04 00 NYSE IBM MidnightTrader Sector Update Technology 03 16 11 12 34 00 NYSE IBM MidnightTrader Analyst Actions IBM Tumbles on Sanford Bernstein Downgra 03 16 11 09 24 00 NYSE IBM FlyonThevall Pre market top 5 lasers TheFlyOnThevvall 03 16 11 09 16 00 NYSE IBM FlyonThevall IBM breaks its 50 day moving average support is at 154 03 16 11 08 50 00 NYSE IBM Briefing com Gapping down 03 16 11 08 30 00 NYSE IBM MidnightTrader Analyst Actions IBM Off 196 in Pre market on Downgrade to 037 16 11 07 57 00 NYSE IBM FlyonThevall IBM downgraded to Market Perform from Outperform at Bern 03 16 11 07 57 00 NY
16. ask price e Print highlighted Green Trade executed above ask price Point and Click I nterface While Blackwood offers a full array of keyboard controls traders who prefer using their mouse will love the handy point and click interface which can be toggled on off at will Closes point and click LO im Expands point and click interface to display Quick Order Price and Size 11 Adjustments buttons Customizable common buttons activated via hot keys See Trader Keys Command Buttons 2011 PacMid Technologies LLC Page 47 Blackwood Pro Manual Market Maker Right click Menu This menu may be accessed by right clicking in the Market Maker window Level area Stock List b Sieg Levell een Available Fields C anas Background Prev Change Settings Time w Show L Headers Frey Close Refresh Symbol Bid Size Ask IZE Two Sided Trade Entry Print Size i Cur Imbalance Click Entry Init Imbalance gt Imbalance Paired Save Default Settings imbal De Price D Load Default Settings Imbal Clr Price Bid s Ask Size Imbal CO Price Low Set Price Alert Prev Met Always op Top Opening Gap Reg Imbalance T Settings Show Order Box Position Only Primary Market Prints Bottom Group Levels by Basis Points Position Line Top Above Level 1 v Show Labels Font Microsoft Sang Seri 11 Fit Text Inside Fit Symbol Name Level 2
17. price Last Close or open price by checking the desired check box Window Use this window to add or subtract a desired amount to the Limit Stop price when using Real Time Prices Use the arrows to the right of the window to increase decrease price by pre set increments See Settings Defaults Increment Values For Example If 05 is entered in the window and the real time price being followed is 20 00 the Limit Price Stop Price fields will show 20 05 Reset Clicking this resets the Limit Price Stop Price fields to the prices displayed prior to adjusting e Clicking the arrow to the left of the Title Price Adjustment Details will display hide the Price Adjustment buttons e There are two rows of Price Adjustment buttons Green plus buttons and Red minus buttons in 10 cent increments from 05 to 95 e The Price Adjustment buttons allow the user to adjust the Limit Stop prices of all stocks selected in the Basket list by the amount shown on the button 2011 PacMid Technologies LLC Page 73 Blackwood Pro Manual Basket List This area displays all the stocks in the Basket and provides real time info on a variety of pertinent and customizable data elements See right click options settings select columns Click on symbols in this list to select them for order set up Basket Order Entry Columns Picker NI Right Click Options Available Columns Open PAL Close P amp L Open
18. 376 000 122 890 122 890 3 254 591 8 104 8 500 18 410 0 2520 14 775 688 405 054 157 24 692 840 9 624 326 74 671 13 780 013 484 2 580 844 6 176 380 146 530 View Accounts Branch All v Hide Traders IR v Filter A hi Keep Filter Exceeded Max Loss Only The Risk Monitor window is fully customizable and can be adapted to accommodate many different trading risk management styles Ungroup Branch Right click Menu Link Account e Ungroup Branch When Select Quick Linked Accounts List viewing in Branch mode Trader Information highlight a group row right Show Report click and select Ungroup Refresh Login Branch the risk monitor will Send Message to display all the individuals in send Message To Current View the group Send Broadcast Message opens a Trader View window Charge Font e Link Account When selected Settings Select Columns Save Default Settings of the selected account and Load Default Settings w Sort on Header Click links your account Bech tima Sark e Select Quick Linked Accounts Refresh Hide Header Display Always on Top List Add amp remove accounts __ 8 y Showy Horizontal Lines for quick link function w Show vertical Lines e Trader Information Brings up basic risk management and w Drag amp Drop trader info Customize Filter e Show Report Launches browser and goes to that traders we Dynamic Customized Filter user page on website w S
19. 4 El Links Link 6 P Link El Links Bi Links Bi Link 10 Right Click Menu e Settings See Settings Menu e Link Allows Top Percent Losers window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2011 PacMid Technologies LLC Page 114 Blackwood Pro Manual Top Gainers Settings Time Spar Price Price Range 2 Minutes l 3 Minutes Mm jo Ma o Min o blax o 5 Minutes 10 Minutes Average Volume Change O15 Minutes Walt Man Min 0 Max D C 20 Minutes 20 Minutes 45 Minutes Volume Hate E schange BO Minutes BR EE NYSE NASDAQ in Da ar PJAMEX OTe Stock Count E E Cancel Settings Menu Choose Settings from the right click menu to open the Top Percent Losers Settings filter window Time Span Choose the time span that the window will display data for by clicking the box to the left of the desired interval Stock Count This window reflects how many stocks will be dis
20. 93 Blackwood Pro Manual Trailing Stops Window The Trailing Stops may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Trailing Stops from the dropdown menu The Trailing Stops window may be divided into 3 sections Add Remove Symbol Order Details and Trailing Stops List Trailing Stops O X 1 Trailing Stop Details Symbol Price Difference ui B Auto Reset Price to Follow Trigger Lat Bid Ask e Last Bid GJAsk Add Delete Reset 2 Order Details Side Destination Type Duration Size Reserve Limit Price Stop Frice 500 fo Ela 0 e Use Trigger Price 0 k Attach Order Remove Order 3 Symbol Price Diff Base Price Max Price Current Diff Last Bid Ask a RR OK Ws 131 65 191 66 1 Add Remove Symbol e Symbol Type the Symbol of the stock here e Price Difference Reflects the amount you wish to trail the position by For example if you wish to trail by 10 cents the price difference would be set at 0 10 e Auto Reset Automatically resets Max Price to Base Price if price returns to base price level e Price to Follow Use check boxes to indicate whether to follow or trail position based on last price Bid price or Ask price e Trigger Use check boxes to indicate whether trigger stop based on last price Bid price or Ask price e Add Clicking this button adds
21. BAC 14 74 4 ve F 14 6 96 530 805 i KEE 134 06 116 650 120 134 396598 41 50 4 019 713 41 9870 Poara aa co tn LI cm L D Eg CO Ba LI Ch LA In tu me UI CL 14 92 164 BEE 64 Si Gu I w tn CC Ia H e peels I H bh RIMM CL BC u D bi Right Click Options Add Symbol Delete Symbol Add Symbol To add a symbol to the Stock Sorter left click in an Select All Symbols empty row in the Symbol column when the cursor appears type the symbol and then press the Enter key to set symbol into the Sorter Cover 25 Cover SO Another method add symbols is to right click anywhere in the Personal Cover 75 Stock Sorter window and then select Add Symbol from the right click Cover 100 menu When the Enter Symbol window appears type the symbol into Cover CUSTOM 100 the space provided and then click the OK button to set the symbol into the Sorter Cancel All For Stock b Cancel Al Delete Symbol To remove a symbol from the Stock Sorter select the symbol by left clicking it then right click and then select Delete Add 25 Symbol Add 50 Select All Symbols Click this to select all stocks in the Personal Stock BEELER Seen Add 100 l Add CUSTOM 100 Position Management functions When a symbol is selected that Buy to Basket the trader currently holds a position in the following options are Sell to Basket available S
22. Duration D ie Bid Ask Big Small Bid Big 0 00 Booth Ask E mall A 0 00 Click Entry None Custom a U Description Shortcut Key 3 Join Offer 2 EI Apply e Name Choose a name for the key to be created and type it into this field e Description Type a brief description of the key s function in this field e Shortcut This window will display the Key or Key combination that will be assigned to the command To populate this field simply move the cursor into the window and Strike the key keys that will be assigned to the command e Il Info Buttons Clicking these buttons will open an Information window containing pertinent info about the selected Key 2011 PacMid Technologies LLC Page 36 Blackwood Pro Manual Save Key After setting all the desired parameters for a Trader Key Click this button to assign the Key Undo Changes Click this button to undo last changes made to Key settings Clear Fields Clicking this will clear all the fields and settings Left Right System Keys When this box is checked separate key commands may be set using the System Keys Shift Ctrl Alt on either side of the keyboard independently Destination Select the Exchange Venue the order will be sent to using the dropdown arrow Side Select whether the order will be to Buy Sell or Short using the dropdown arrow Type Select the Order type such as Limit Market etc using the dropdown
23. Mouse Fast Orders Show Open Orders Box Realtime Prices Fined MM and Price Lock MM Lock Price Box gt Preference Bos Follow MM Price Apply PacMid Technologies LLC Page 26 Blackwood Pro Manual 1 Price Level e Level Group Size This window reflects how many prices levels will be grouped together in the quotes area of the Market Maker and Books windows sharing the Same background color Example 0 1 groups the prices from 1 10 to 1 20 into the same price level color e Level Group Basis This function is currently unavailable e Precision The number entered into this window reflects the number of digits that will be displayed to the right of the decimal point in quotes and prints prices Se tings 4 Connections Defaults Keyboard Layout Market O Price Level Level Group Size U 000000 Level Group Basis U 000000 Precision 2 2 Price Level e ECN Use the dropdown arrow to the right of the window to select the ECN you wish to adjust settings 4l E Co D SE Defaults Keyboard Layout Market gt alk ee EE vi Price Level El ECH Display ECH INET Group Size U 000000 Type Full m Full None e Group Size When a price is inputed Market Maker will aggregate all shares per ECN to specified price e Type e Full When this box is checked the full depth of the limit order book for the ECN displayed above in the ECN window will be displayed in Mark
24. Open Dialog for importing Pairs Trading from different file types such as Microsoft Excel xls Comma Delimited csv Tab Delimited txt added to the current list Select All Selects all algorithms in Pair Trading Manager algorithms Deselect All Deselects all Manager Newly imported pairs are New Pair Trading Open Pair Trading Delete Pairs Trading Copy Pairs Trading Import Pairs Trading Select All Deselect All Activate Pairs trading Deactivate Pairs Trading Sal i ause Pairs Trading resume Pairs Trading Sa Clear Pairs Trading Reset Multiplier Confirm Orders Save Default Settings Load Default Settings Settings Select Columns Change Font Change Colors in Pair Trading y sort on Header Click Hide Header Display w Show Horizontal Lines Activate Pairs Trading Highlight the saved Pair Trading algorithm press Activate to start trading Deactivate Pairs Trading Highlight the saved Pair Trading algorithm press Deactivate to stop trading Pause Pairs Trading Highlight the saved Pair Trading algorithm press Pause to pause trading Resume Pairs Trading Highlight the saved Pair Trading algorithm press Resume to resume trading Clear Pairs Trading previously Activated and Completed wf Show Vertical Lines Drag amp Drop Space Evenly For Buttons w Show Warning Messages w Geb Gubtomated
25. Pro Manual V Value Weighted Index A market average such as Standard amp Poor s 500 Index that takes into account the market value of each security rather than calculating a straight price average Vertical Spread A stock option spread based on simultaneous purchase and sale of options on the same underlying stock with the same expiration months but different strike prices Volatility A measure of risk based on the standard deviation of the asset return Volatility is a variable that appears in option pricing formulas where it denotes the volatility of the underlying asset return from now to the expiration of the option There are volatility indexes Such as a scale of 1 9 a higher rating means higher risk Volume The shares that are traded for a given market or tradable within a specified time period W Warrant A company issued certificate that represents an option to buy stock shares at a given time Weighted Moving Average WMA A moving average that puts more weight on recent prices A three day weighted moving average would add a multiple of 1 to the first date 2 to the second date and 3 to the third date When issued W I Refers to a transaction made conditionally because a security although authorized has not yet been issued Treasury securities new issues of stocks and bonds stocks that have split and in merger situations after the time the proxy has become effective but before completion are all traded on a whe
26. Pro runs on Microsoft Windows and uses a multi window interface Application features of are contained in windows and many instance of a single feature window can be opened simultaneously e g a user can open multiple charting windows Users can control the windows look and feel what data is displayed sharing information between windows Linking and default behaviors of features This is done through the many configurable settings The manual will cover all the feature windows and settings It starts with an introduction of the primary control window the menu toolbar system and an overview of the feature window management The details of the settings for trading appearance system configuration and hotkeys are described next The settings details are followed by detailed description and usage guide for each feature window The manual is concluded with a glossary of terms used in trading Recommended Workstation Specifications PacMid Technologies LLC recommends the following minimum specifications when using the Blackwood Pro platform CPU Pentium 4 2GHz 2Ghz Dual Core Processor recommended Memory 2 GB RAM 4GB recommended Disk 100Mb Disk space NIC LOOMbps Full Duplex OS Windows XP Pro Windows Vista or Windows 7 Internet 3Mbps 10Mbps recommended 2011 PacMid Technologies LLC Page 5 Blackwood Pro Manual Blackwood Pro Basics Launching The Blackwood Installer will leave a desktop shortcut and an ic
27. Quantity Hl Per Share Avg Price Lastyal Price Adjust Selected Columns Symbol Tick Side Destination Type Duration Size Odd Symbol Delete Symbol Select All Symbols Cancel Orders Cancel All Orders Close ZA Reserwe a l Upen Limit Price Save Stock List Exchange lt lt Stop Price Load Stock List HTE Last InitlIrmnb Bid Save Basket BASKET MAME HERE zlnitlmb Ask Save Basket as Soar i Volume Reload Basket BASKET NAME HERE o SG Load Basket A eg mb Save Default Settings Load Pefault Settings OF Cancel Show Levell Info Settings Select Columns Always on Top Change Font vw Sort on Header Click Hide Header Display vw Show Horizontal Lines w Show Vertical Lines Drag amp Drop Add Symbol Moves cursor to an empty cell in the Symbol column of the Basket List Typing in the symbol and pressing Enter adds the stock to the Basket list Delete Symbol Deletes the selected symbol Select All Symbols Click this to select all stocks in the Basket list Changes made to any of the order details will take effect on all stocks selected Cancel Orders Cancels all open orders for selected stocks Cancel All Orders Cancels all open orders for all stocks Save Stock List Selecting this will allow the user to save the current list of stocks in the Basket list for later use To save a list type the desired name of the list into the File Name window Save as t
28. Security Status Columns Picker window which will allow the data that is displayed in the Security Status window to be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right Side of the picker window to change the order in which the data Is displayed Click OK to close the picker window and set changes Change Font Opens a window that allows the user to change font style and size Click Ok to close window and set changes Sort on Header Click Allow the user to sort data by clicking on column headers Security Status Columns Picker Available Columns Selected Columns Symbol Prev Time Curr Time Prev Status Curr Status Halt Condition Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked Drag and Drop Allows user to left click hold and drag items into the window when checked 2011 PacMid Technologies LLC Page 88 Blackwood Pro Manual Price Alerts Window Price Alerts may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Price Alerts from the dropdown menu The Price Alerts window is divided into 4 sections Add Remove Symbol Alert Mode Ord
29. Time value is generally equal to the difference between the premium and the intrinsic value Tracking stock A stock that is issued to track a certain division of a company This allows managers and executives for each division to have rewards and compensation tied to the overall performance of the part of the company they control Trading range The difference between the high and low prices traded during a period of time for commodities the high low price limit an exchange establishes for a specific commodity for any one day s trading Trailing Stop A stop loss order that follows the prevailing price trend Treasury bills Debt obligations of the U S Treasury that have having maturities of one year or less Maturities for T bills are usually 91 days 182 days or 52 weeks Treasury bonds Debt obligations of the U S Treasury having maturities of 10 years or more Trendline A line drawn that connects either a series of highs or lows in a trend The trendline can represent either support as in an uptrend line or resistance as in a downtrend line Consolidations are marked by horizontal trendlines Trin TRIN Used in the context of general equities Short term trading index that shows a minute by minute correlation of the cr ratio of advances to declines to the ratio of advancing volume to l Trendline declining volume Depicts whether changes in the relationship of advances and declines are taking place more quickly or more slowly than cha
30. Total Buy Total Sell OCC Reg Orders Executions Cancels Positions All Locates The Trader View Window displays all pertinent data concerning orders positions executions and cancels via a series of tabs located at the bottom of the window The Trader View window affords Point amp Click users with many options for Order and Position management via an array of right click menus To use these you must first left click the desired order or position to select it and then right click to choose your option P amp L Bar At the top of the Trader View Window is a P amp L Bar that displays the following information Trader View em Closed PKL Eengel Shares Open P amp L TrueNetEzp OCCReg Acc Equity BP Amount of buying power available Exposure Amount of buying power currently being used TrueNetExp True Net Exposure net long short exposure with net delta for options and leveraged ETFs etc Shares Total shares traded Open Shares Amount of shares currently holding OCCReg OCC Required haircut required for position by Options Clearing Corporation Closed P amp L Amount of profit or loss incurred from closed shares Open P amp L Amount of profit or loss currently being incurred from open positions This P amp L bar may be displayed or hidden by right clicking on the bar and either checking or un checking Show P amp L Bar Show P amp L s with Commission Having this
31. add functions will always send orders for a minimum of 100 shares Add 50 Sends a market order for an amount of shares that will increase the size of the position by 50 percent rounded up to the nearest 100 shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Add 75 Sends a market order for an amount of shares that will increase the size of the position by 75 percent rounded up to the nearest 100 shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Add 100 Sends a market order for an amount of shares that will increase the size of the position by 100 percent rounded up to the nearest 100 shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Buy Sell to Basket Places all selected stocks into a Basket Order Entry window see Basket Order Entry Show Totals When this is selected an addition row will appear at the bottom of the Personal Stock Sorter displaying totals of data elements related to actual intra day trading activity Show Commodity List Function currently inactive Settings see Settings Menu Save Stock List Selecting this will allow the user to save the current list of stocks in the sorter for later use To Save a list type the desired name of the list into the File name window Save as type must ALWAYS be stk for s
32. also purchases securities for its own account selling them to customers Broker s Deck Orders physically held by the floor broker in the trading pit Bull market When the general market or a particular stock rises for a prolonged period of time usually by 20 or more Bull spread A option trading strategy where an investor buys an out of the money put option financing it by selling an out of the money call option on the same underlying stock index or future Buy and hold A strategy in which the stock portion of one s portfolio is fully invested including dividends reinvestments at all times C Call option A contract that gives its buyer the right to buy stock at a specified price within a certain time period Candlestick Charts A charting method originally from Japan in which the high and low are plotted as a single line and are referred to as shadows The price range between the open and the close is plotted as a narrow rectangle and is referred to as the body If the close is above the open the body is white If the close ii is below the open the body is black Cand estick Charts Capital gain loss An increase or decrease from the purchase price to the selling price of common stock or any other capital asset profit or loss from the sale of investments or property A capital gain that persists for one year or less is called a short term capital gain Likewise one that persists for more than one year is called a long term ca
33. be sent hidden e Enter the Limit Price when using Limit orders e Enter the Stop Price when using Stop orders on SDOT 2011 PacMid Technologies LLC Page 97 Blackwood Pro Manual gt Step 6 After setting up the order to be sent as described above click the Attach Order button The Trailing Stops window will now follow the price movement of the stock and automatically send the order when the trigger is reached e The Max Price is the maximum price that the stock had traded in favor of the trade This is the price the price difference will be calculated by to trigger the stop e The Base price is simply the average price of the position e When an order is attached the symbol in the Trailing Stops list will be highlighted with a yellow background When the order is sent the symbol in the Trailing Stops list will be highlighted with a blue background 2011 PacMid Technologies LLC Page 98 Blackwood Pro Manual Pairs Trading Manager The Pairs Trading may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Pairs Trading Manager from the dropdown menu Pair trading also known as statistical arbitrage or spread trading is a strategy that allows the trader to capture anomalies relative strength or even fundamental differences on two stocks while maintaining a market neutral position In the Pairs Trading Manager below
34. by the last digit of the year You can also use F in place of month and year to view the non expiring futures contract See Examples below Dow Industrial Average INDU NASDAQ Composite Index NYSE Composite S amp P 500 Futures NASDAQ Futures Crude Oil Light Sweet Futures Natural Gas Gold Silver Copper Volatility Index CBOE NYSE Total Volume NASDAQ Total Volume NYSE Cumulative Tick TICK NASDAQ Cumulative Tick TICKQ EURO crossrate to US Dollar EUR AO FX Indices Row 1 6 1 OK Cancel 2011 PacMid Technologies LLC Page 121 Blackwood Pro Manual Right Click menu Add Indices Allows to bring up the Add Remove Indices window Link Allows Indices window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows Refresh Refreshes the data being displayed in the Indices window Change Font Selecting this opens a window that allows the user to change the font style and size Fixed Font Checking this will keep the font size when re sizing the window Show 4 Decimals When selected this will display all Indices with 4 decimal places instead of the default two Add Remove Indices gt gt gt VV gt Symbol Enter the symbol in the box Add Click on the add button to enter the symbol into the list Remove Click on the symb
35. cent e Big Reflects the amount of change that will be effected by clicking the large arrows located on the right side of the Price fields in order windows For example If this value is set at 05 clicking the small up down arrows will increase decrease price by 05 cents e Custom Reflects the amount of change that will be effected by clicking the hotkey assigned in Keyboard Tab in MM windows For example If this value is set at 0 10 clicking the Increase Decrease Price Custom will increase decrease price by 0 10 shares 2011 PacMid Technologies LLC Page 17 Blackwood Pro Manual 3 Duration e Use Duration When this box is True orders will be automatically populated with the time in force shown in the window Duration e Duration Use the dropdown arrow at the right side of the window to select the desired order duration 4 Venues Selection The settings in this area allows the trader to select the Venues available to toggle though when using the various Venue Keys see Settings Keyboard To adda Venue to the selected list L click the desired Venue in the Available column then use the arrows between the Available and the Selected columns to move the Venue to the Selected column Use the arrows at the right side of the picker window to change the order in which the Venues are displayed 5 Order Strategy e Listed e Destination When this box is Tr
36. e Small When selected the Small Paythru price will be added subtracted to limit prices See Settings Trading e Custom When selected custom pay through amount can be entered Fraction These settings are used to apply closeout tier amounts e 1 2 When selected the order size will automatically be set to cover Half the size of open positions for the stock ordered e 1 3 When selected the order size will automatically be set to cover a Third the size of open positions for the stock ordered e 1 4 When selected the order size will automatically be set to cover a Fourth the size of open positions for the stock ordered e None Default setting used when partial closeout does not apply Box When this is selected the Key command will generate an Order Box attached to the Market Maker window allowing the trader to adjust the size price of the order prior to it being sent In order to submit Box orders an Order Execution key keys must also be assigned See Settings Keyboard Category Preferences Close When this box is checked the order size will automatically be set to cover the entire size of open positions for the stock ordered DnR Do Not Route When checked order will not re route to other venues 2011 PacMid Technologies LLC Page 37 Blackwood Pro Manual e Hidden When this is checked orders will be hidden and not displayed on certain Exchange s Limit order books e Add New
37. exchange e NOR When this is checked the Books window will display the NYSE OpenBook and will not display quotes from the ECN s Miscellaneous e Show Symbol When this is checked the Books window will display the symbol window and link button at the top of the window e Show Size x 100 When this is selected the Size will be displayed as the whole number For example if the quote is for 500 shares the display will show 500 When this is Un checked the Size column will show the numbers as divided by 100 For example if the quote is for 500 shares the display will show 5 e Show Prints Checking this allows the Books window to display trade prints that are executed on the ECN s Columns e Show Headers When checked ECN window column headers will be displayed e Use Fixed Font Checking this will keep the font size when re sizing the window Fill Colors e Solid When selected custom solid color will be displayed e Vert Gradient When selected custom vertical gradient color will be displayed e oe Gradient When selected custom horizontal gradient color will be displayed Fon e d Font Global When checked the selected font in Settings gt Layout Tab is used e Font Selecting this opens a window that allows the user to change the font style and size 2011 PacMid Technologies LLC Page 77 Blackwood Pro Manual NYSE OpenBook The NYSE OpenBook window may be opened by clicking Windo
38. identification number assigned to the order by the Blackwood system Stop Price Specific stop price of the order being sent when using a Stop Market order SDOT only See Order Entry Order Ref The identification number assigned to the order by the Exchange acknowledging its receipt of the order 2011 PacMid Technologies LLC Page 59 Blackwood Pro Manual Orders Right Click Menu Right clicking on a selected order in the Trader View window while set on the orders tab will bring up the following options Order Update Order Update to Market Order Status Update All Buys to Market Update All Sells to Market Update All Shorts to Market Select Columns Change Font Change Colors Cancel Selected Order Cancel All Orders For Stock TT No Symbol Link Cancel All Buy Orders For Stock OU WW rk Cancel All Sell Orders For Stack Show Craen ummary Bi rt Cancel All Short Orders For Stock Set etn Pase dile Link 3 Hide Header Display ka Cancel All Orders w Show Horizontal Lines links Cancel All Buy Orders Show Vertical Lines inks Cancel All Sell Orders Drag amp Drop ink Cancel All Short Orders Show d Decimals in Price Blinks Buy Sell to Basket ee E ks Linked Symbol Gn Top l Settings Real time Sort Ka Link To All Order Update Choosing this will open an order entry window populated with all the details of the selected order The trader may make changes to any of the order details h
39. instrument s price e implied volatility calculated by using an option pricing model Black Scholes for stocks and indices and Black for futures and is the amount of price change that can be expected over a given period of time expressed as a percentage A stock s volatility percentage is derived using an option price model such as Black Scholes and takes into account variables such as option price maturity date exercise price and restless rate of return e intrinsic value the amount by which an option is in the money e premium the cost of an option e rho a measure of change in an option s theoretical value due to a change in interest rates e theoretical value an option value generated by a mathematical option pricing model to determine the true value of an option 2011 PacMid Technologies LLC Page 146 Blackwood Pro Manual e theta the measurement of an option s time decay The ratio of change in an option s price to the decrease in time to expiration e vega the amount by which the price of an option changes as its volatility changes Option Gives the buyer the right but not the obligation to buy or sell an asset at a set price on or before a given date Call option buyers bet that the stock price will be higher than the option s strike price plus the price they pay for the option itself Put option buyers bet that the stock s price will drop below the price set by the option minus the price the
40. maker One who maintains a market firm bid and offer prices in a particular stock by standing ready to buy or sell round lots at publicly quoted prices Market on close MOC order An order to trade stocks options or futures as close as possible to the market close Market order An order to purchase or sell stock at a current price Mid cap stock A stock or company that has a market capitalization between one and five billion dollars 2011 PacMid Technologies LLC Page 145 Blackwood Pro Manual Momentum The amount of acceleration of an economic price or volume movement Momentum traders often purchase stocks that have recently risen in price Money market fund A type of mutual fund that invests in short term securities such as Certificates of Deposits and Treasury Bills Moving average An average calculated every new period by putting in latest value and taking out oldest value of previous period Moving Average Convergence Divergence MACD The crossing of two exponentially smoothed moving averages that are plotted above and below a zero line The crossover movement through the zero line and divergences generate buy and Sell signals Mutual fund An investment vehicle pooling money from many individual investors to purchase stocks or other types of investments A professional fund manager handles the money and investments Mutual funds tend to invest in hundreds of companies and thus provide high diversification Ne
41. more Behavior includes trading defaults hot keys data filtering performance customization and much more The customizations are controlled via settings which are stored in the user s profile These settings are accessed and modified from the settings menu which is split into categories as detailed below When exiting Blackwood the user will be prompted to save their profile Answering Yes will allow settings changes to be remembered next time Blackwood is opened answering No reverts to the last good profile Categories Settings windows are separated into categories in the settings tab of the control center e Connections Client Portal Addresses eSignal Settings e Basket Check Spread Default Size Real Time Prices Price Adjustment Preferences e Colors Fully customizable colors for Text Background Price Levels Quotes Positions etc e Defaults Size Increment Values Duration Venues Selection Order Strategy Cover Strategy Preferences e Keyboard Customizable hotkeys for Orders Size Venue Stock Locate Preferences e Layout Layout settings Line Spacing Market Maker preferences Docking Windows Fonts e Market Price Level ECN Display Price Preference Display Quotes options Box choices e Sweep Sweep Waves for NYSE amp NASDAQ Smart Sweep settings and preferences e Trader Keys Hotkeys designed and customized by individual trader for specific operations e Trading Spread Limit Hunt A
42. of the story displayed at the bottom of the window Double left click on a News item to see the full article displayed in a separate window 2011 PacMid Technologies LLC Page 136 Blackwood Pro Manual Right Click Menu e Select Columns Selecting this will open a News pee oo Columns Picker window which will allow the Silke data that is displayed in the News window to be Link To customized to the trader s preference Use the arrows between the Available Columns and the Refresh Selected Columns to choose the data to be Change Font displayed Use the arrows at the right side of the Always on Top picker window to change the order in which the data is displayed Click Ok to close window and set changes e Filter When selected will show news for selected stocks from News Filter window When News window is linked to a Market Maker it will show news for that stock only e Link To When this is selected and a window link is established see Link below clicking on a News item will populate the linked Market Maker window with the symbol of the stock in the News b m LI E E E E LI No Symbol Link Link 1 Link Link Link Link Link Link Link Link Link 10 Link To All mo Oh A to P item When Link To is unchecked and a window link is established symbols typed into the linked Market Maker window will populate the News w
43. see Settings Destination This window displays the exchange to which your order will be routed To change the destination click the dropdown arrow to the right of the window and choose the desired venue from the dropdown menu 2011 PacMid Technologies LLC Page 50 Blackwood Pro Manual Price Shows the price of the order when using Limit orders Clicking on any Bid or Ask price in the Level II area will populate the window with that price Use the small up down arrows to the right of the window to increase or decrease price by your default Small Price increment and the larger arrows to adjust price by your Big Price increment These default increments may be set in the Settings Defaults menu under Increment Values see Settings Stop Price Displays the stop price when using SDOT Stop Market orders Use the Small up down arrows to the right of the window to increase or decrease the price by your default Small Price increment and the larger arrows to adjust the price by your Big Price increment These default increments may be set in the Settings Defaults menu under Increment Values see Settings Reserve Shows the amount of shares held in reserve from the total order size causing those shares to be hidden from the limit order books For example if ordering 1000 shares with the reserve set at 900 only 100 shares will be seen on the limit order book
44. system wide messages such as if an exchange Is currently experiencing a problem Right Click menu Change Font Selecting this opens a window that allows the user to change the font style and size 2011 PacMid Technologies LLC Page 52 Blackwood Pro Manual Personal Ticker The Personal Ticker window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Personal Ticker from the dropdown menu The Personal Ticker may be used to view tick data on stocks entered into the window by the user Personal Ticker O x Select Ticker IE Mi 17 00 12 SPY 139 01 138 40 x 134 02 509 x 82 ARCA Low Offer Ee a emoave 17 00 40 SPY 133 02 133 40 x 133 02 509 x 30 INET Low Offer SFY 17 02 15 SPY 139 02 133 40 x 133 02 509 x 30 INET Low Offer Adding stocks to be viewed in the Personal Ticker can be done by following these steps First right click in the Personal Ticker window and choose Add Ticker When the Select Ticker window opens type the symbol into the window provided and then click the Add button to add it to the ticker list To remove a symbol from the list click the symbol on the list and then click the Remove button OK Cancel The data displayed in the Personal Ticker window can be selected by clicking on the word Settings at the top of the Blackwood Pro login window and then clicking the Trading tab U
45. windows allow the user to filter stocks based on the amount of price change the stock has realized during the selected time span Enter a minimum and or a maximum price in the Min and Max windows provided e Volume Rate These windows allow the user to filter stocks based on the actual Volume traded during the selected time span Enter a minimum and or a maximum Volume amount in the Min and Max windows provided e Exchange e NYSE Check this box to display data for stocks traded on the New York Stock Exchange e NASDAQ Check this box to display data for stocks traded on the NASDAQ e AMEX Check this box to display data for stocks traded on the American Stock Exchange e OTC Check this box to display data for Over the Counter Bulletin Board stocks After making desired settings changes as described above click OK button to apply changes and close the settings window 2011 PacMid Technologies LLC Page 113 Blackwood Pro Manual Top Percent Losers This window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Top Percent Losers from the dropdown menu This window is a real time streaming Market Sorter that displays stocks realizing the greatest losses by percentage during the selected time span Top Percent Losers DAY O X Settings No Symbol Link Change Font Link 1 Fixed Font MW rk z Change Background Color Links Link
46. 0 38 0 40 DU fokK 415 oO 3 600 671 445 XOM APR 16 11 75 0 67 0 64 fOO oot oO ZIL 41 900 7 x 6 XO APR 16 11 80 1 84 1 88 28 200 606 x 86 D 31 800 1 x 405 XOM APR 16 111 85 4 85 1439 x G1 80 300 25 637 XOM JUL 16 11 72 5 1 200 109 x 7 85 900 766 x 1 280 X0M JUL 16 1175 1 700 79x4 4 50 14 400 752 x 20 XOM JUL 16 11 80 3 20 22 22 2 72 6 XON 4 5 D a a Bo pl NO CH MOD D CO Cp K l mn mm 12 7 n 3 100 629 x 893 0M OCT 22 11 80 21x 1 13 2 000 877 x 576 XOM OCT 22 11 85 588 x4 D 492x 105 KOM JAN 21 12 72 5 0 HU HU 40 19 60 ks HU AA 40 J J 4 DU el 2 DU 4 23 8 700 46x 66XOMIUL16 1185 6 75 6 90 822 x 1 04 0 200 _ 31x261 XOM OCT 22 1170 2 53 2 58 45 x 55 Oo 42 545 KOMOCT22 1175 280 3 90 00 731 30 5 75 D n lt 8 40 8 50 0 2 230 4 40 ei H 230 X 17 d 1 700 462 x 105 XO0M JAN 21 12 75 249 14 1 500 613 x 390 XOM JAN 21 12 80 1 000 14447 11 6 ats Co GS ellen 1 2 4 AL Bel a Be fi 4 95 4 50 1 200 695 x 389 KOMJAN21 1285 9 80 9 95 IL 263 19 15 00 15 20 OO 65 20 XOMIAN19 1370 6 55 6 80 11 90 12 10 400 117 20 XOM JAN 19 13 75 8 50 8 75 9 20 oan 700 248 x 6 6 85 7 20 O 203x 48 XOMJAN 19 1385 Toon 197 101 47x9 20x 1 2O x 2 80 ao BU F Be Ge W 1 1 D Ke Ti E A ae D Ge e Underlying Security Last price Net Change Last Print Volume Bid Ask Price Bid Ask Size e Call Bid
47. 00 62 56 627 50 v8 07 0 LYS 15 45 00 62 100 18 500 21 325 364 0 09 95 400 44 24 44 26 44 44 62 100 G 15 45 00 66 6800 11 900 19 431 721 0 06 128 800 13 38 13 39 13 65 66 600 LEI 15 45 00 34 300 34 300 19 600 734 0 1 1 200 3 68 A Z T 34 300 el Right click Menu Buy to Basket Sell to Basket w Show Buy Imbalances W Show Sell Imbalances Settings No Symbol Link Refresh El Link 1 Always on Top WM rk WW Links Link 4 El Links Link 6 El Link El Links Bi Links Bi Link 10 Buy Sell to Basket Places all selected stocks into a Basket Order Entry window see Basket Order Entry Show Buy Imbalances Displays Buy side imbalances when checked Show Sell Imbalances Displays Sell side imbalances when checked Settings See Settings Menu Link This allows the Market Imbalances window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows Refresh Refreshes the data being displayed in the window Always on Top Keeps the window on top of all other windows 2011 PacMid Technologies LLC Page 85 Blackwood Pro Manual Settings Menu Market Imbalances Filter Buy to Basket Biei E Sell to Basket Show Exchanges w Show Buy Imbalances he NASDAC he NYSE he Preferred w Show Sell Imbalances
48. 00 Resume Resume NIY 09 30 01 Trading Halt News pending CDM 09 30 01 Opening Delay News pending GFG 09 30 07 Trading Halt News pending CIL 09 30 17 Trading Halt News pending GFC U 09 30 28 Trading Halt News pending GFC WS 09 30 51 Trading Halt News pending WXESC 09 31 06 Resume WPYSA 09 37 21 Resume MYD 09 59 11 Resume PACQU 10 04 59 10 70 05 Resume Resume SREY 10 44 59 05 09 Resume Resume Right click Menu Buy Sell to Basket Places all selected stocks into Buy to Basket a Basket Order Entry window see Basket Order Sell to Basket Entry Show NASDAQ Checking this displays stocks Zou NASDAQ traded on the NASDAQ exchange leede Show NYSE Checking this displays stocks traded settings Select Columns on the N Y Stock Exchange ey GE Font settings See Settings Menu Refresh Sort on Header Click Link This allows the Security Status window to Always on Top Hide Header Display be linked to other windows Select a color from wa Show Horizontal Lines the dropdown list that matches the link bar on the window you w Show Vertical Lines wish to link to or select link to all to link to all linkable windows Drag amp Drop Refresh Refreshes the data being displayed in the window Always on Top Keeps the window on top of all other windows 2011 PacMid Technologies LLC Page 87 Blackwood Pro Manual Settings Select Columns Selecting this will open a
49. Ask Call Option Current Bid Price and Current Ask Price bid ask spread Ifa trader was looking to sell or write an option the trader would receive the listed bid price for that option e Call Volume Number of Call Option contracts traded during the trading day e Call Size Call Option Current Bid Size and Current Ask Size e Series Option Symbol Expiration Month Strike Price exercise price e Put Bid Ask Put Option Current Bid Price and Current Ask Price bid ask spread e Put Volume Number of Put Option contracts traded during the trading day e Put Size Put Option Current Bid Size and Current Ask Size 2011 PacMid Technologies LLC Page 123 Blackwood Pro Manual Option Chain Right click Menu This menu may be accessed by right clicking in the Option Chain window Up Ge Sort by d Down V S Refresh Up amp Down P K D Save Option List 5 e Option List Save Default Settings 6 Load Default Settings 7 Settings S Always on Top R 10 e Range Allows to view all expirations and strike prices e Sort by Month Strike e Refresh Reloads the option chain without closing the window e Save Option List Saves the list to local computer drive e Calls Saves only Call series e Puts Saves only Put series e Calls amp Puts Saves Calls and Puts series A Month Strike Calls Duke Calls amp Puts e Save Default Settings Saves applied preferences as templat
50. Bid Put Ask the MM window will populate the current information for that Series 4 Utilize Hot Keys such as Venue Box to select the Destination and placing orders Market Maker XOM 031119 70 INET O x a KOM coat 70 4 L 5 XOM CO31119 70 ES IR 9390 JA 940 8 12x Ci 0 TL ss E Ps M o 39 200 Ip 32 0p 3235 lo 32 Ri Hi 0 20 i 0 0 Pr 0 Py 0 0 20 0 20 0 20 2011 PacMid Technologies LLC Page 126 Blackwood Pro Manual Chart To access a Chart click on the Windows on the Blackwood Pro control panel and choose Chart from the menu The Chart option will only be available to you if you are paying Chart Data Fees SolidCandle Simple Moving Average el 4 6 33 Zomm Reset Refresh SH SMA 7501127 97 0128 01 H 128 39 Lie 4 0126 04 dii S CH S x J l n o oo e ch i IN tl th Lal SPT WOU UMESOA 714 Lu Ee EH A LI COD ER 7 bi d ho LU Lem i L i gt Symbol Box Type a stock symbol here and hit Enter on keyboard and the chart for that stock will load Symbols will also load automatically into this box if you have the Chart linked to a Market Maker or Personal Stock Sorter window gt Interval Box By clicking the down arrow you can select the time frame for the chart to display information e Daily e Weekly e Monthly e Tick e Minute Charts 1 2 3 5 10 13 15 30 45 60 This setting can als
51. EMLB 4 32 x Right Click Menu e Settings See Settings Menu e Link Allows Top Losers window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2011 PacMid Technologies LLC Page 110 Blackwood Pro Manual Top Gainers Settings Time Spar Price Price Range 2 Minutes l 3 Minutes Mm jo Ma o Min o blax o 5 Minutes 10 Minutes Average Volume Change O15 Minutes Walt Man Min 0 Max D C 20 Minutes 20 Minutes 45 Minutes Volume Hate E schange BO Minutes BR EE NYSE NASDAQ in Da ar PJAMEX OTe Stock Count E Cancel Settings Menu Choose Settings from the right click menu to open the Top Losers Settings filter window Time Span Choose the time span that the window will display data for by clicking the box to the left of the desired interval Stock Count This window reflects how many stocks will be displayed at one time Use the arrows to the right to adjust quantity P
52. Exchange e OTC Check this box to display data for Over the Counter Bulletin Board stocks After making desired settings changes as described above click OK button to apply changes and close the settings window 2011 PacMid Technologies LLC Page 115 Blackwood Pro Manual Top Ranges This window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Top Ranges from the dropdown menu This window is a real time streaming Market Sorter that displays stocks that have traded in the widest price range by dollar value during the selected time span Top Ranges DAY O X Settings BRK A 2 350 99 No Symbol Link Change Font P Linki Fixed Font WM Link2 Change Background Color WW Links Link 4 El Links Link 6 Link El Links Bi Links Bi Link 10 Right Click Menu e Settings See Settings Menu e Link Allows Top Ranges window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color f
53. Font Checking this will keep the font size when re sizing the window Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2011 PacMid Technologies LLC Page 103 Blackwood Pro Manual Up Moves This window is only functioning in the PRE MARKET This window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Up Moves from the dropdown menu Up Moves DAY el w Show NASDAQ w Show MYSE GC Show AMEX Show OTC BB MED a __ SHPGY No Symbol Link Change Font P Link 1 ASML Fixed Font MW rk WPPGY Change Background Color WM Links Iv CT tink 4 NFL E links ARMIH CT tink FEU ae In PRGO Bi Links DIA MH Link 10 EV P MICC MI This window is a real time streaming market filter that displays the stocks in which the most up moves are occurring Right Click Menu Show NASDAQ Checking this displays stocks traded on the NASDAQ exchange Show NYSE Checking this displays stocks traded on the N Y Stock Exchange Show AMEX Checking this displays stocks traded on the American Stock Exchange Show OTCBB Checking this displays stocks traded on the Over the Counter Bulletin Board exchange v Un checking any of the above will filter them out of the display Link This allows the Up Moves window to be linked to other windows
54. INSTRUCTED TO BY A SUPPORT REPRESENTATIVE 2 Preferences e Show All Order Executions When set to True will load all executions after you log out and you log on to the system e Show All Market Moves Enables all Market filter windows 2011 PacMid Technologies LLC Page 11 Blackwood Pro Manual e CPU Conservation Mode Allows Blackwood to limit screen refreshes when CPU is overwhelmed e Use eSignal Charts Allows to link Blackwood windows to eSignal e Use eSignal Data Allows user to use eSignal API data instead of Blackwood quote e Close eSignal on Exit Allows users to close eSignal when Blackwood shuts down e Allow Version Downgrade Allows user to downgrade if lower version is put in their upgrade path 2011 PacMid Technologies LLC Page 12 Blackwood Pro Manual Basket Tab This window can be accessed by clicking Settings at the top of the Blackwood Pro Control panel and then clicking the Basket tab 2011 Basket Check Spread Use Check Spread Spread Limit Default Size Use Default Size Default Size Heal Time Prices Use Real Time Prices Real Time Prices Price Adjustment Use Percent Price Adjustment Preferences Basket Passive BuySell Style Basket Clear Box keep Order Type Basket Show Warming Messages keep Order Duration PacMid Technologies LLC bid ask False 0 000000 False False False True False Cancel Pa
55. Key Click this button to clear all fields and prepare the form prior to creating a new key assignment e Update Key Use this button to make changes to current Key settings After clicking the Update Key button and making desired changes click the Assign Key button to set save changes e Delete Key After selecting a created key from the Trader Key list click this button to delete the key from the list e Clear Shortcut After selecting a created key from the Trader Key list click this button to clear the shortcut prior to assigning a new one Click the Assign Key button to set save changes e Select All Click this button to select all the Keys in the Trader Key list e Un Select All Click this button to Un select all the Keys in the Trader Key list e Trader Key List This area displays all the Trader Keys that have been created To update or make changes to a Key click on it in this list to select it prior to making changes 2011 PacMid Technologies LLC Page 38 Blackwood Pro Manual Trading Tab This window can be accessed by clicking Settings at the top of the Blackwood Pro Control panel and then clicking the Trading tab Check Spread Hunt Algorithm Pay thru Amount Sounds for Executions Hever Route Orders Outside Preferences Calculate Pal Check Spread Apply 2011 PacMid Technologies LLC Page 39 Blackwood Pro Manual 1 Check Spread Allows you to set
56. NT SDOT BATS EDGA EDGX CBSX Check Spread Hunt Algorithm O Pay thru Amount Pay thru Small Big 2011 PacMid Technologies LLC ARCA 0 000000 0 000000 Page 40 Blackwood Pro Manual 4 Sounds For Executions Allows the user to assign individual sounds for each execution type Buy Sell Short amp Cover Sound file has to be in Wave File wav format Check Spread Hunt Algorithm Pay thru Amount E Sounds for Executions El Buy Use Sound for Buy Sound File for Buy Play Sound File for Buy EI Sell Use Sound for Sell Sound File for Sell Play Sound File for Sell EI Short Use Sound for Short Sound File for Short Play Sound File for Short El Cover Use Sound for Cover Sound File for Cower Play Sound File for Cover False False False False 5 Never Route Orders Outside Orders sent to the destinations marked True will only be executed within that destination 2011 Check Spread Hunt Algorithm Pay thru Amount Sounds for Executions Oe eH Hever Route Orders Outside ARCA INET BATS SDOT EDGA E Da LBS Preference Orders All Orders PacMid Technologies LLC False False False False False False False False False Page 41 Blackwood Pro Manual 6 Preferences 2011 Switch Buy Sell Orders When marked True and new Market Maker window is opened buttons will now be switched on Click Entry Switch Stop Price Size Switche
57. Names for Copies Always on Top Clears info of highlighted Pair Trading algorithm which were Reset Multiplier Highlight the saved Pair Trading algorithm press Reset Multiplier to revert back to default of 1 Confirm Orders Checked brings a pop up message to confirm the orders when condition is activated Settings See Settings Menu 2011 PacMid Technologies LLC Page 101 Blackwood Pro Manual Settings This menu may be accessed by right clicking in the Pairs Trading Manager window area then Settings Save Default Settings Selecting this saves the current layout of the Pairs Trading Manager window Load Default Settings Selecting this loads and applies a previously saved layout of the Pairs Trading Manager window to a newly opened Pairs Trading Manager window Select Columns Selecting this will open a Columns Picker window which will allow the data to be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click Ok to close window and set changes Change Font Opens a window that allows the user to change font style and Pairs Trading Manager Columns Picker Available Columna Selected Columns size Click Ok to close window and set Orders Sizes Pa
58. On Orderl AND Order2 keep both checkboxes unchecked To Bid First On Bid Order which could be either Orderl or Order2 keep both checkboxes unchecked AND on Offer Order which will be the other Order check both checkboxes 4 Order 2 Placing the order for Stock2 Buy Sell Short Lot Size Price Adjustments Up Down in dollars or percent Destination to route the order of Order 1 To Offer First On Offer Order which could be either Orderl or Order2 keep both checkboxes unchecked AND on Bid Order which will be the other Order check both checkboxes 2011 PacMid Technologies LLC Page 100 Blackwood Pro Manual 5 Details Brings up the details of the Arbitrage statement such as the one below Pair Trading Details II x Bid of WIT 1 x Bid of TGT lt OF then KBuy WMT 100 Shares on INET Bid vs Sell TGT 100 Shares on INET o Bic Pairs Trading Manager Right click Menu This menu may be accessed by right clicking in the Pairs Trading Manager window area New Pair Trading When selected opens a new Pair Trading Details window Open Pair Trading Highlight the saved Pair Trading algorithm right click to open the details window Delete Pairs Trading Highlight the saved Pair Trading algorithm right click to delete from the manager window Copy Pairs Trading Highlight the saved Pair Trading algorithm right click to duplicate Import _ Pairs Trading When selected will display an
59. PRE MARKET This window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Total Moves from the dropdown menu Total Moves DAY e O X w Show NASDAQ ARMLH La w Show MYSE w Show AMEY MICC Show OTC BB NW DA es VMED No Symbol Link Change Font Link 1 Se w Fixed Font MH rt AIAG Change Background Color WW Links SHPGY Link 4 WPPOY E Link 5 ASML Link 6 ERIC Link El Links SE Bi Links aL E Linki ALI ASMI AUDC This window is a real time streaming market filter that displays the stocks in which the most total ticks are occurring Up ticks are displayed in green downticks are displayed in red Right Click Menu Show NASDAQ Checking this displays stocks traded on the NASDAQ exchange Show NYSE Checking this displays stocks traded on the N Y Stock Exchange Show AMEX Checking this displays stocks traded on the American Stock Exchange Show OTCBB Checking this displays stocks traded on the Over the Counter Bulletin Board exchange xv Un checking any of the above will filter them out of the display Link This allows the Total Moves window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows Change Font Selecting this opens a window that allows the user to change the font style and size Fixed
60. Page 19 2011 PacMid Technologies LLC Blackwood Pro Manual window to select the desired order duration e Price When sending Right click Cover or Flatten orders for Listed on the New York Stock Exchange stocks orders will be automatically sent at the best price available from the selected exchanges Available Price choices are below e Paythru A limit order will be sent at the best price the amount set in the Pay Thru Amount window e Shown A limit order will be sent with the current price displayed as bid or offer e NBBO A limit order will be sent at the National Best Bid or Offer price e Primary A limit order will be sent at the best price available from the Primary Exchange on which the stock trades e Paythru NBBO A limit order will be sent at the National Best Bid or Offer price the amount set in the Pay Thru Amount window e Paythru Primary A limit order will be sent at the best price available from the Primary Exchange on which the stock trades the amount set in the Pay Thru Amount window e Pay thru Amount Dollar value willing to pay over limit price e Routable When True order will route away to other exchanges e Custom Size This refers to the size amount of shares of orders that will be generated when using commands such as Add Custom from the right click menu e NASDAQ Same as NYSE settings above 7 Preferences sett
61. Pro Manual Top Gainers This window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Top Gainers from the dropdown menu This window is a real time streaming Market Sorter that displays stocks realizing the greatest gains by dollar value during the selected time span Top Gainers DAY O X Settings No Symbol Link Change Font El Link 1 Fixed Font MW rk Change Background Color WW Links Link 4 El Links Link 6 Link El Links Bi Links Link 10 Right Click Menu e Settings See Settings Menu e Link Allows Top Gainers window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2011 PacMid Technologies LLC Page 108 Blackwood Pro Manual Top Gainers Settings Time Spar Price Price Range 2 Minutes l 3 Minutes Mm jo Ma o Min o blax o 5 Minutes 10 Minutes Average Volume Change O15 Minutes Walt Man Min 0 Max D C 20 Minutes 20 Minutes
62. SE IBM Briefing corm IEM downgraded to Market Perform from Outperform at Ber 03 15 11 16 33 00 WYSE IEM PRNew sire IBM Opens Innovation Center in Mexico to Fuel Growth 03 15 11 14 23 00 NYSE IBM Briefing corm Unusual Options Activity 03 14 11 09 02 00 NYSE IBM PRNewswire IEM Launches Software and Consulting Services to Help Busi 03 14 11 07 45 00 NYSE IBM PRNews Wire Fuzzy Logix and IBM Unveil In Database Analytics for IBM In 03 14 11 06 09 00 NYSE IBM FlyOnThev all IBM delivers initial phase of Canada s first province wide EHR 03 14 11 06 00 00 NYSE IBM PRNews Wire IBM Delivers Initial Phase of Canada s First Province Wide El EE Traders may subscribe to any or all of the follow news sources gt Basic News Business Wire Market Wire PR News Wire U S PrimeNewswires Theflyonthewall com News Feed Briefing com Canadian Press Release Wires includes Canada Newswire and CCNMatthews 10K Wizard Dow J ones Midnight Trader VV VV V Y A schedule of fees for the various services may be viewed by logging into the Brokerages website The News trade window displays the following data columns Date Time Reflects date and time of the news release Exchange Reflects the Exchange on which the stock trades Ticker Displays the stock symbol WireCode Displays the source of the news item Headlines Displays the 32 most recent News Headlines Using the Trade News Window Single left click on a news item to see a synopsis
63. Symbol Trade Size MMID Symbol Type symbols into this window and then press Enter key to set the symbol into the window Link Button Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows 2011 PacMid Technologies LLC Page 80 Blackwood Pro Manual Right click Menu w Show Stock Prints Settings EA settings Symbols Use Filter Multiple Symbols 5y e show Stock 7 BEER Show Prints from lp checked shows symbol field rE m iw Exchange Except for manual input Settings see below mo C iw INET l Si Miscellaneous Ereet Book Settings wi Show Stock Size Ee Symbols When checked Scroll Down ba 0 Max U Le HASTE during pre post market Prine Eu hours will show all prints for Background Color Min O00 Max nou OTC Re multiple stocks SS Show Prints From Columns Fil Colors e Exchange Checking i Show Headers Solid this selection will allow e Use Fixed Size Vert Gradient the Prints window to Horz Gradient display prints from all E exchanges not visible True i otherwise listed ap Alon vert Center lian Horz Fight Font Verdanal 10 gt Font iw Use Font Global Font Verdana J pt e BATS Checking this allows the Prints window to display prints from the BATS exchange e INET Checking this Uf Lance allows the Prints windo
64. T SUMO Use DAT False Slippage U O00000 HASDAQ Stocks INET ARCA BATS SUMO Use DAT False Slippage U O00000 El Smart Sweep Venue DIR D Di D Yenuez Venue Venue Venue Yenueb Venue Venue Venue Post Balance Pay thru Amount DAY Orders Cancel 2011 PacMid Technologies LLC Page 31 Blackwood Pro Manual 1 Sweep Wave The settings in this area effect how Sweep orders will be sent when using Sweep key commands See Settings Keyboard A Sweep order is sent to ALL the selected venues simultaneously at the price size selected Note if no size is entered the orders will go out at your default size For example if a Sweep order is sent for 100 shares to 5 different Venues it is possible to get filled for 500 shares 100 per Venue se tings stage tte laoutel r dial gt HI Sweep Wave El NYSE Stocks El INET Use INET ee Order Size T EI ARCA Use ARCA Tue Order Size T E BATS Use BATS Te Order Size T EI SDOT Use SDOT Tiie Order Size T EI SUMO Use SUMO Tie Order Size T Use DAT DS Slippage O O00000 e NYSE Stocks The settings in this area will affect Sweep orders sent for stocks listed on the NYSE e Use Venue When these boxes are True Sweep orders will be sent to each of the selected Venues for the Lot size that is reflected in the level one Lot window L in the Market Maker The Venues available for NYSE stocks are INET ARCA BATS SDOT and SUMO e Order Size When
65. Trades True Display Regional Quotes True Display Only ECH Alter Close True Display LT as MM Best Price False Display Only ECM Before Opening True Display E CN Prints in Extended Market True Last Print only from Primary Exchanges False Display Regional Trades When this box ts True trades executing on Regional Exchanges will be displayed in the prints area of Market Maker and ECN Books windows Display Regional Quotes When this box is True quotes from Regional exchanges will be displayed in Market Maker windows Display Only ECN After Close When this box is True only quotes from ECN s will be displayed after the Close Display L1 as MM Best Price When this box is True Level 1 quotes will reflect the best price available from all Market Makers When set to False Level 1 quotes will reflect the best prices available only from the Primary Exchange on which the stock trades PacMid Technologies LLC Page 28 Blackwood Pro Manual Display Only ECN Before Open When this box is True only quotes from ECN s will be displayed prior to the Open Display ECN Prints in Extended Market When this box is True trades occurring on the ECN s during pre and post market hours will be displayed in Market Maker and Books windows Last Print only from Primary Exchanges Always mark this box as True 5 Preferences 2011 settings d Connections L Defaults i keyboard L Lay out Market Price Level ECH Display Pr
66. WYSE y Show AMEX 3 338 140 Show OTC BB 1 134 900 636 500 a ange rone In 605 075 Fixed Font MW rk 360 156 Change Background Color WM Links 309 563 E Link4 303 600 E Links 266 938 Uhke 256 820 Se 290 700 E 210 400 E link ic 196 800 186 126 185 890 This window is a real time streaming market filter that displays the most heavily traded stocks on the day Right Click Menu e Show NASDAQ Checking this displays stocks traded on the NASDAQ exchange e Show NYSE Checking this displays stocks traded on the N Y Stock Exchange e Show AMEX Checking this displays stocks traded on the American Stock Exchange e Show OTCBB Checking this displays stocks traded on the Over the Counter Bulletin Board exchange v Un checking any of the above will filter them out of the display e Link This allows the Top Volumes window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2011 PacMid Technologies LLC Page 107 Blackwood
67. Wal Mart NYSE WMT and Target Corporation NYSE TGT are used as real life example of a potentially correlated pair Pairs Trading Manager Pair Name D po Symboli Symbol Actual Spread C New PT20110311174938274 Buy WMT 100 vs Sell TST 100 If III x Bid of WMT WMT TOT 0 96 Lopg impot Select All Desele gl All Gelee Deactivate Baue D Resume Multiplier Far Sizes Total P amp L On MBT WO Shares Ejea T 1 0000 Feset S 2 IP 100 Shares Contirm Orders gt Manages the list of pairs New Open saved ones Deleting Copying gt Activates amp Deactivates individual and or all pairs gt Shows Pair Sizes Order Sizes Quantity Executed Individual stock P amp Ls Total Pair P amp L Total P amp L of all pairs in the manager window gt Multiplier Proportionately increases both stocks in the pair gt Realized Spread shows the spread that triggered based on actual vs required condition gt Status of the Pair e All the rows for the filled orders are highlighted and marked with Status Completed e For Partially Completed Orders the details are listed in the following columns Sent Sizes Pending Sizes Wait to Execute gt Confirm Orders when checked brings a pop up message to confirm the orders when condition is activated 2011 PacMid Technologies LLC Page 99 Blackwood Pro Manual Pair Trading Details PT201103111749382774 O X ARBITRAGE
68. a limit on the spread If the spread between best bid and ask exceeds the value that you set all orders will be rejected To disable this function select False e Show Warning Message Will pop up a message asking you to reconfirm if you want to place this order even though it is hitting your spread limit El Check Spread a EI Spread Limit Use Spread Limit False Spread Lirit OU 000000 Show Warning Message False 2 Hunt Algorithm These settings are to customize how the hunt order will function e Expiration Time This time in seconds is how long the order will try and execute e Post Balance When this option is True the order will then post to the selected ECN once the expiration time is reached If this is False the order will cancel once it reaches the expiration time e Skip SDOT When True this option will remove SDOT from the destinations from which the Hunt order will execute to Check Spread ae O Hunt Algorithm Expiration Time sec 5 EI Post Balance Use Fost Balance True Post Balance INET Skip SOOT False 3 Pay Thru Amount This type of order reflects the amount over the price of your limit order that you are willing to pay for the stock Ex With a pay thru amount of 05 set as your Small amount you will take offers up to 20 05 when buying a stock that has a current offer price of 20 00 The Big and Small amount gives the trader two customizable pay thru keys for each venue e Pay thru Venues ARCA HU
69. aanenceuteecuodeuseperuiteatucensnenctuteratcusneperuitentieecenee 136 M Te EE 138 Instant MOSSAGE civsndocccusntyeenstengts ides A rE AARRE 139 Reference cc rannan 140 ADDenOIX A E e e E 140 2011 PacMid Technologies LLC Page 3 Blackwood Pro Manual Introduction Blackwood Pro is a powerful proprietary trading platform offering lightning fast order entry and trade execution real time level amp level II quotes rich market data integrated news charts and analytical tools All within an easy to use yet highly customizable interface Our proprietary smart order routing technology automates order execution decision making Strategies offering unbiased liquidity and the even the most volatile markets competitive advantage needed to navigate With the flexibility to leverage your own unique trading style and strategies with unparalleled technical support all backed by PacMid s proven technology infrastructure it s no wonder thousands of professional traders rely on Blackwood Pro every day for their active trading needs Blackwood Pro Features Real time Level amp Level II quotes Access to all major ECNs and exchanges Real time and historical charts Pre market indications Market imbalances Trailing stops Real time risk management een ma Connect Windows VV VVVV WV Settings Trader View Exposure ME YEE Open Shares BEE open ret ST Size Price Price Delta Open Sym
70. arrow Duration Select the duration of the order Booth Enabled for traders who utilize floor brokers Click Entry When destination is Venue Click Entry can be checked to direct an order to a specified venue using the price clicked with the mouse in Level II Use Lot When checked default size will be used from Defaults Tab Lot Size Size Enter the number of shares to be ordered Use the arrows to the right of the window to increase decrease size by pre set increments See Settings Defaults Increment Values Reserve Hides the amount of shares entered in reserve box Bid Ask These settings will determine what prices orders order boxes will use Bid When this box is checked limit orders will be sent at the Bid price and order boxes will be populated with the Bid price upon opening Ask When this box is checked limit orders will be sent at the Ask price and order boxes will be populated with the Ask price upon opening None Used when Bid Ask do not apply such as Market order Big Small These settings are used to apply a Paythru amount that will be added subtracted to Limit Order prices The values of these Paythru s must be set by going to Settings Trading and setting price values into the provided Big and Small windows See Settings Trading e Big When selected the Big Paythru price will be added subtracted to limit prices See Settings Trading
71. at provides a picture of its assets debts and net worth at a specific time Bar Chart Used to plot price movements using vertical bars indicating price ranges Basis The difference between spot cash prices and the futures contract price Basis Points The measure of yields on bonds and notes one basis point equals 0 01 of yield Basket Trades Large transactions made up of a number of different stocks Bear market When the general market or a particular stock falls for a prolonged period of time usually by 20 or more Bear spread Applies to derivative products Options trading strategy designed to take advantage of a fall in the price of a stock index or future where one buys a combination of calls and puts on the same underlying instrument at different strike prices in order to profit as the security s price falls Beta An indicator that measures a stock or fund s risk relative to the market The market s beta is always 1 0 A beta higher than 1 0 indicates that when the market rises the stock or fund will rise to a greater extent than the market likewise when the market falls the stock or fund will fall to a greater extent A beta lower than 1 0 indicates that the stock will usually change to a lesser extent than the market The higher the beta the greater the investment risk A stock with a beta of 1 25 is expected to move 1 25 times the market excess returns e g if market excess return is 10 then we expect on average t
72. at was sent when using a Limit Order Exec Size The amount of shares executed Exec Price The price at which the trade was executed Contra Displays the exchange or venue where the trade was ordered executed cancelled Order Time Reflects the Time the order was placed Order ID The identification number assigned to the order by the Blackwood system Trade P amp L Reflects the amount of profit or loss realized as a result of a single execution of that stock Total P amp L Reflects the amount of profit or loss realized for that stock intraday as a result of all executions Stop Price Specific stop price of the order being sent when using a Stop Market order SDOT only See Order Entry Pos Size Total size of the position as a result of the execution Type Reflects whether the order was filled or cancelled 2011 PacMid Technologies LLC Page 67 Blackwood Pro Manual Locates Tab When this tab is selected the Trader View window will show all purchased locates for the day The data columns available for display on the Positions tab are Trader View BP d Shares Feral Closed P amp L Exposure weet iOpen Shares Open P amp L TrueNetEzp OCCReg Acc Equity Symbol Size Price OrderID Contra Orders Executions Cancels Positions Alls Locates Symbol Symbol of the stock Size The amount of shares located Price The price of locate per 100 shares Order ID The identifi
73. bol Side Sho d Orders Executions Cancels Positions All Locates Chart W 5M mmm Em 0 72 20 H 72 85 L 71 54 C 72 63 SolidCandle Mar 24 10 20 Option Chain Vv Stock vo C Bid C Ask C ol 4 05 5 40 0 103 x 166 Y MAR 25 11 67 5 2 60 2 68 4 000 20 x 21 Y MAR 25 11 70 0 44 65 800 79 x 74 MAR 25 11 72 5 0 02 0 0x 61 Y MAR 25 11 75 72 63 0 64 C Size Series P Bid P Ask P Yol 0 0 02 0 01 0 03 0 26 0 32 2 34 3 15 0 6 600 9 700 0 2 800 v H X Indices CLOSED LOSED LOSED CLOSED 6400 on SDOT from spoT N 6300 on SDOT from SDOT 00 on SDOT from SDOT mi 600 shares of at 72 500 shares of at 7 s of Y at 72 6300 on SDOT from SDOT I CL F 105 22 GC F 1 427 80 Personal Stock Sorter SymboTicLast Net BAC 13 46 130 87 25 80 586 43 159 92 Bid Ask 13 46 13 47 130 86 130 87 25 79 25 80 586 37 586 66 159 92 159 93 64 07 64 08 Low Volume 13 32 157 602 259 129 67 132 771 326 25 50 35 679 399 578 80 1 997 586 158 84 4 764 745 62 18 12 957 309 9 Chan High 13 59 131 09 25 87 588 39 160 71 64 63 Connected 2011 PacMid Technologies LLC P Size INDU 12 166 63 80 61 COMPQ 2 735 31 37 01 SPX 1 309 25 11 71 SP F 1 304 20 12 10 ND F 2 309 00 44 00 Real time news and analytical tools Advanced Price alerts Customizable order logic Smart order routing Stock filters amp sorters Stock Locates amp Loan Live technical support Ba
74. books e Limit Price Enter price of the order when Limit Orders are placed e Stop Price Enter price of the order when Stop Market Orders are placed e Attach Activate Order Click this button to attach the order that will go out when the Alert is triggered e Remove Order Click this button to remove or un attach the order for the selected symbol Alerts List When symbols are entered and added via the Add Remove Symbol area above they then appear in this list Click to select symbols on this list to adjust above below price of the alert or to attach an order w Show Price Alert Details Right Click Menu New Symbol Delete Symbol Show Price Alert Details Un checking this are hides the Add Remove symbol area zell A New Symbol Moves your cursor focus to the Add Symbol window Save Alerts list Delete Symbol Deletes selected symbol Loak Aleit Ul from Trailing Stops List Settings Select Columns Buy Sell to Basket Buy Sell to Basket Always on Top Change Font Places all selected positions into a Basket Change Colors Order Entry window See Basket Order Entry Sort on Header Click Save Alerts List Choosing this allows the trader to save all the Hide Header Display symbols in the Alerts list for future use w Show Horizontal Lines Load Alerts List Choosing this allows the trader to load previously w Show Vertical Lines saved Alerts lists Drag amp Drop Settings See Settings Menu
75. box to display data for stocks traded on the American Stock Exchange e OTC Check this box to display data for Over the Counter Bulletin Board stocks v Un checking any of the above will filter them out of the display e Price Range These windows allow the user to filter stocks based on the price range the stock has traded in during the selected time span For example If a stock trades from 20 00 to 21 00 during the selected time span the Price Range would be 1 00 e Average Volume These windows allow the user to filter stocks based on the Average Daily Volume the stock trades calculated from historical data Enter a minimum and or a maximum Volume amount in the Min and Max windows provided e Symbols Filter Default is Show All when unchecked user has the ability to add specific symbols to the New High amp Lows filter list After making desired settings changes as described above click OK button to apply changes and close the settings window 2011 PacMid Technologies LLC Page 119 Blackwood Pro Manual Crossed Locked Window This window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Crossed Locked from the dropdown menu This window is a real time streaming market filter that displays stocks that are Crossed stocks that have a higher Bid price than Ask price on different exchanges and Locked stocks that have the same Bid Ask
76. cation number assigned to the order by the Blackwood system Contra Displays the exchange or venue where the trade was ordered executed cancelled 2011 PacMid Technologies LLC Page 68 Blackwood Pro Manual P amp L Bar The P amp L bar may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting P amp L bar from the dropdown menu kal Time Displays the current time 2 MPL Displays your true P amp L i e the current dollar value of your profit or loss taking into account any and all open and closed positions 3 S The total number of Shares traded 4 TA Marked Profit and Loss divided by the number of Shares This dollar value indicates your average profit or loss per share known as Ticket Average 5 Exp Reflects open P amp L dollar value of open positions relative to the market 6 Val The total dollar value amount of buying power being used of current open positions P The total number of current positions O The total number of current open orders co N P amp L Right Click Menu Select Columns Poi Bar Columns Picker E4 Change Font l l Available Columns Selected Columns w Fixed Font Ti Change Background Color MPL AT atal al Always on Top S Total Shares T4 Ticket Avg Exp Open Profit Select Columns Selecting this will open a Val Open Equity Columns Picker window which will allow S oe the data that is di
77. ce True Vere ARCA TIF DAY Price Pay THAL Routable False e Pay thru Amount 2011 Small The price value entered into this window will be added or subtracted to the limit price when using Smart Sweep Small Buy Sell key commands See Settings Keyboard Big The price value entered into this window will be added or subtracted to the limit price when using Smart Sweep Big Buy Sell key commands See Settings Keyboard PacMid Technologies LLC Page 34 Blackwood Pro Manual Pay thru Amount Small 0 07 0000 Big 0 010000 EI DAY Orders Expiration Time sec 0 e Day Orders e Expiration Time This setting allows the trader to set how long Day orders will remain open before being automatically cancelled Enter a time in seconds into the provided window If no time 0 is set Day orders will remain open on the Venue s limit order book until filled cancelled by the trader or until the end of the day 2011 PacMid Technologies LLC Page 35 Blackwood Pro Manual Trader Keys The settings on this page allow traders to create custom Order Execution keys yboard Laout Market Sweep Trader Keys Name Join Bid T eave Key Description Wado Changes Shortcut E I Glear Fields Left Right System Key 1 Sine Econ Destination ARCA zs Use Lot 142 Bo E l poo g 4 1 39 Close E ote steal nee P E 4 Dan E T me Reserve 23 F i ND Lirit d None Hidden
78. ch will allow the data to be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click Ok to close window and set changes Change Font Opens a window that allows the user to change font style and size Click Ok to close window and set changes Change Colors Opens a window that allows the user to change the colors of background and text of items Click Ok to close window and set changes Trailing Stops Columns Picker Available Columna Selected Columns Side Symbol Destination Frice Diff Type Base Price Duration Mau Price Size Current Diff Hezerve Last Limit Price Bid Stop Price Ask Cancel Sort on Header Click Allow the user to sort data by clicking on column headers Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked 2011 PacMid Technologies LLC Page 96 Blackwood Pro Manual Using the Trailing Stops Window Trailing Stops O X Trailing Stop Details Symbol Price Difference ui B Auto Reset Price to Follow Trigger Last Bid C Aek e Last Bid GJ sk Add Delete Heset Ord
79. checked will display your open and closed P amp L factoring in the commission price set on the Trading tab 2011 PacMid Technologies LLC Page 58 Blackwood Pro Manual Orders Tab When this tab is selected the Trader View window will show all pertinent data pertaining to current open orders The data columns available for display on the Orders tab are Trader View ey Closed P amp L Ser en F4 Open Shares Open P amp L TrueNetExp seu besi OCCReq Acc Equity Time Symbol Side Size Executed Price Contra TIF Size Rema OrderID OrderRef Stop Price 10 24 23 SPY SELL too tion arca atx 10240026 10 24 18 SPY 100 Oo 131 80 ARCA GTH 100 10240021 m BUY 100 SPY 131 4000 ARCA Orders Executions Cancels Positions All Locates Time Time the order was placed Symbol Symbol of stock being ordered Side Indicates whether the order is to BUY Sell or Sell Short Size The amount of shares being ordered Executed Displays how many shares of the order have been executed Price Specific Price of the order being sent when using a Limit Order Contra Exchange or Venue to which the order is being sent such as ARCA INET SUMO SDOT etc See Order Entry TIF Time in Force Refers to the order s duration See Order Entry Size Remaining Displays the number of shares of the order that have not yet been executed or the difference between Size and Executed Order ID The
80. ders will be displayed Use Fixed Size This will keep the font at the same size when expanding or Shrinking the market maker window Show Scroll Bar Checked on by default Checking un checking this will hide or display the scroll bar to the right of the Level II Bid Ask columns The scroll bar allows the viewing of the lower level quotes in the Level II area Fill Colors Solid When selected custom solid color will be displayed Vert Gradient When selected custom vertical gradient color will be displayed Horz Gradient When selected custom horizontal gradient color will be displayed t Use L1 Font When checked Level II font will inherit the properties of Level settings Market Maker Point and Click I nterface The point and click interface may be activated by checking Enable Click Entry box located under Preferences on the Market tab of the Settings window See Settings Click Entry x be Two Sided Trade Entry Destination Price Stop Price SER sl Reserve Order Type TIF eg Amount 1 ES D ben Ah A 0 Ab A Te Size Displays the share size of the order Use the small up down arrows to the right of the window to increase or decrease size by your default Small Size increment and the larger arrows to adjust size by your Big Size increment These default increments may be set in the Settings Defaults menu under Increment Values
81. e American Stock Exchange e Show OTCBB Checking this displays stocks traded on the Over the Counter Bulletin Board exchange v Un checking any of the above will filter them out of the display e Link This allows the Down Moves window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2011 PacMid Technologies LLC Page 105 Blackwood Pro Manual Print Moves This window is only functioning in the PRE MARKET This window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Print Moves from the dropdown menu Print Moves DAY O X w Show MASDAQ GSK B y Show NYSE w Show AMES S Show OTC BE BAC No Symbol Link F Change Font El Link 1 w Fixed Font MW Link z HL Change Background Color WM Links WYNN O vi GE E Link 5 LNG CT Link 6 LYS elt H T El Links Bi Links FXE E rt 10 GIS MON PLX This window is a real time streaming market filter that displays th
82. e desires Upon submission the updated order will cancel and replace the original order Order Update to Market Choosing this will update your order into a Market order Upon Submission the updated order will cancel and replace the original order Order Status Selecting this option will send a status request on your order which will be displayed in your ticker window Update All Buys to Market When selected all open Buy orders will update into Market orders Upon submission the updated order will cancel and replace the original order Update All Sells to Market When selected all open Sell orders will update into Market orders Upon submission the updated order will cancel and replace the original order Update All Shorts to Market When selected all open Short orders will update into Market orders Upon submission the updated order will cancel and replace the original order Cancel Selected Order Cancels the order selected Cancel All Orders for Stock This will cancel all orders for the stock selected Cancel All Buy Orders for Stock This will cancel all buy orders for the stock selected Cancel All Sell Orders for Stock This will cancel all Sell orders for the stock selected Cancel All Short Orders for Stock This will cancel all Short orders for the stock selected Cancel All Orders Cancels all open orders for all stocks Cancel All Buy Orders Cancels all Buy orders for all stocks Cancel All Sell Orders Cancels al
83. e for new option chain windows e Load Default Settings Applies customized format previously saved e Settings Allows further window customization See Settings Menu e Always on Top Keeps the window on top of all other windows Settings Menu e Link Allows Option Range Chain window to be Sort by linked to other windows Refresh Select a color from the T E dropdown list that Save Default Settings matches the link bar on Load Default Settings the window you wish to link to or select link to A Lin l l ways on To all to link to all linkable D Select Columns windows Change Font e Select Columns Selecting this will open an T Option Chain Columns Picker window which Show Horizontal Lines will allow the data that is displayed in the x Show vertical Lines Option Chain window to be customized to the w Narrow Row Height trader s preference Use the arrows between vw Refresh on Change the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the b LI a E LI No Symbol Link Link 1 Link 2 Link 3 Link 4 Link 5 Link 6 Link 7 Link 5 Link 9 Link 10 right side of the picker window to change the order in which the data is displayed Click OK to close the picker window and set changes 2011 PacMid Technologies LLC Page 124 Blackwood Pro Ma
84. e sent when using Smart Sweep key commands See Settings Keyboard A Smart Sweep order is a type of Hunt order that may be customized by the trader Unlike Sweep orders Smart Sweeps will only fill up to the size of the order sent regardless of how many Venues are selected for the Smart Sweep algorithm For example a Smart Sweep order sent for 100 shares will only fill up to 100 shares e Venue These settings determine the order in which Smart Sweep orders will be sent to the various Venues with the top selection going first followed by those below Use the dropdown arrow to select the desired Venue e TIF These settings determine the Time in Force for each phase of the Smart Sweep order The options for this setting are Day unfilled portions of Day orders will remain open on the Venue s limit order book until filled cancelled by the trader or until the end of the day and IOC Immediate or Cancel Traders may also set an expiration time for Day orders see below e Price These settings determine the Prices that will be applied for each phase of the Smart Sweep order The Price options are e Paythru Order prices will reflect the best Bid Ask price Shown plus or minus the amount set in the Pay Thru Amount windows see Paythru Amount below e Shown Order prices will reflect the best Bid Ask price shown in the Market Maker window e NBBO Order prices will reflect the National Best Bid or Offe
85. e stocks in which the most prints are currently occurring from most active to less active Right Click Menu e Show NASDAQ Checking this displays stocks traded on the NASDAQ exchange e Show NYSE Checking this displays stocks traded on the N Y Stock Exchange e Show AMEX Checking this displays stocks traded on the American Stock Exchange e Show OTCBB Checking this displays stocks traded on the Over the Counter Bulletin Board exchange v Un checking any of the above will filter them out of the display e Link This allows the Print Moves window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2011 PacMid Technologies LLC Page 106 Blackwood Pro Manual Top Volumes This window is only functioning in the PRE MARKET This window may be opened by clicking Windows at the top of the Blackwood Pro login box and selecting Top Volumes from the dropdown menu Top Volumes DAY Se e w Show NASDAQ 9 788 1 16 R w Show
86. efault display Refresh Use this button if the data has stopped updating Link Button Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows VV V 2011 PacMid Technologies LLC Page 128 Blackwood Pro Manual Right Click Menu e Interval see above Interval d e Bar Style see above EE V e Indicator see above mde Aar e Line Study see above LineStudy e View Market Time Choose between Standard 9 30 4 00 view MarketTime ALL includes Pre Post Market and Standard Pre Market and OverLay Indexes Post Market Link e Overlay Indexes Choose to overlay an index from the following Dom list This will change the Barstyle to a Line To select any other eset oom barstyle you will have to right click in the chart and select hie Indicator and then uncheck Overlay Stocks Suan nent e Link Allows Chart window to be linked to other windows EE Select a color from the dropdown list that matches the link bar Show 3D candle on the window you wish to link to or select link to all to link to Show Horz Separators all linkable windows w Show Studies Titles e Zoom This has been disabled in the Right Click Menu VolumeUpDownColors e Reset Zoom This has been disabled in the Right Click Menu DisplayInfo e Refresh This will refresh the chart data and zoo
87. el Checking this box will keep the NYSE OpenBook color the default background of the price level it is being displayed in regardless of the NYSE background color Enable Docking Windows When true the docking crosshair will appear while dragging any Blackwood Pro window over another window The docking crosshair will allow you to choose the position of the window in relation to the other window and or main Blackwood Pro window Market Riaker Abr 305 5 CHI D I 210 EDAS 48 EDGA 131 65 5 Font Blackwood Font Customizing font for all Personal Stock Sorter windows Blackwood Font Quality Retrieves or sets the output quality of a font e Default Appearance of the font does not matter e Draft Appearance of the font is less important than when the Proof Quality value is used For GDI raster fonts scaling is enabled which means that more font sizes are available but the quality may be lower Bold italic underline and strikeout fonts are synthesized if necessary 2011 PacMid Technologies LLC Page 24 Blackwood Pro Manual Proof Character quality of the font is more important than exact matching of the logical font attributes For GDI raster fonts scaling is disabled and the font closest in size is chosen Although the chosen font size may not be mapped exactly when Proof_ Quality is used the quality of the font is high and there is no distortion of appearance Bold italic underline and strike
88. el Display Level E Blackwoo DC ierg Mo Bu erg Mo Level 2011 PacMid Technologies LLC Page 44 Blackwood Pro Manual Name Choose a name for the API to be created and type it into this field Description Type a brief description of the API s function in this field Module File Contains the location of the module _ file example DirectoryModules BWClient Modules StockI nfo dll Module Name Contains the NET assembly name Module Type Contains the assembly start up method the assembly name and the assembly version separated by commas example BWClient Modules StocklI nfo Modulel nit BWClient Modules StocklI nfo Version 1 0 0 0 BW Menu Text Contains the Menu Item text that will be displayed in Blackwood Client on Plugin tab Add Click this button to clear all fields and prepare the form prior to creating a new Module assignment Update Use this button to make changes to current Module settings Delete After selecting a created Module from the list click this button to delete the Module from the list 2011 PacMid Technologies LLC Page 45 Blackwood Pro Manual Market Maker This window allows users to see all pertinent real time data and multiple price levels for a specific stock Trades are placed by using either hot keys or our click entry interface Market Raaker Y A n t ASA ING VISA ING 2 Size MMID 7 AW YOB 1 INET 78 ep 1ARCA 78 d s 1EDGA 29 P Abee
89. er Details and Price Alerts List Price Alerts es O X Price Alert Details Symbol Below Price Above Price d A 4 Trigger Comment e Last Bid Ask Aeid J te leie 1 New 2 Alert Mode E Pop Up Window Text Color Back Color w RN 25 add Phantom Position LH 3 Order Details Price Alert Side Destination Type Duration Size Reserwe Limit Price Stop Frice T T T e Te Alsch chvate Order 4 Symbol Below Above SPY 131 00 0 0 131 30 1 Add Remove Symbol Price Alert Details 2011 Symbol This is where you type the stock or index symbol Below Price Enter the low price at which the stock must trade to trigger the alert Above Price Enter the high price at which the stock must trade to trigger the alert Trigger To select whether the Alert triggers off Last price Bid Or Ask click the appropriate box Comments Type comments in this window that will appear in the Pop Up window if selected when the alert is triggered Add After typing the stock symbol and setting below price above price or both add the stock to the alert list by clicking the Add button Update To update the parameters of the alert for a stock already in the alert list Delete To remove a stock from the alert list click on the symbol in the list to select it then click Remove button to remove it New Clears the alert parameters fields to create a new al
90. er Details Side Destination Type Duration Size Reserve Limit Price Stop Frice 500 fo ee 0 ale Use Trigger Price 0 R Attach Order Remove Order Symbol Price Diff Base Price Max Price Current Diff Last Bid Ask o OK Ws 131 65 191 66 gt Step 1 Type the symbol of the stock you wish to trail into the Symbol window then click the Add button gt Step 2 Click on the symbol in the Trailing Stops list to select it then set the Price Difference the amount you want to trail the position by by either typing the price into the Price Difference window or using the arrows to the right of the window gt Step 3 With the symbol still selected choose the desired Price to Follow and Trigger by checking the appropriate box Last Bid or Ask for each gt Step 4 Expand the Order Details interface by clicking the arrow to the left of the words Order Details gt Step 5 Click on the symbol in the Trailing Stops list to select it and then set up the order that will be sent when the trailing stop triggers e Choose the Side buy sell that will cover the position e Choose the Destination exchange you wish the order to be sent to e Choose the Type of order Limit Market you wish to use e Choose the Duration of the order to be sent e Choose the Size number of shares of the order to be sent e Choose the Reserve Size number of shares of the order to
91. ers in the Basket list Symbol Type the symbol of the desired stock in this window and press the Enter key to set symbol onto the Basket Order Entry list When Basket Order Entry windows are spawned by selecting stocks in either the Positions window of the Trader View or in the Personal Stock Sorter and then selecting Buy Sell to Basket from the right click menu the Basket list window will be automatically populated with the selected symbols Tick Direction This window will show either a green up pointing arrow or a red down pointing arrow to indicate last tick direction Side Select whether the order will be to Buy Sell or Short Destination Select the Exchange Venue the order will be sent to Type Select the Order type such as Limit Market etc Duration Select the duration of the order Size Enter the number of shares being ordered Use the arrows to the right of the window to increase decrease size by pre set increments See Settings Defaults Increment Values 2011 PacMid Technologies LLC Page 72 Blackwood Pro Manual Reserve Enter the number of shares being held in reserve or hidden from view on the limit order books Use the arrows to the right of the window to increase decrease size by pre set increments See Settings Defaults Increment Values Limit Price Enter the price of the order when Limit Orders are placed Use the arrows to the right of the
92. ert PacMid Technologies LLC Page 89 Blackwood Pro Manual 2 Alert Mode In this area users can set how they will be alerted when the trigger is reached e Pop Up Window When this box ts checked a window will pop up when the trigger is reached The window will display the symbol of the stock the alert price and any comments entered into the Comment window see above e Play Sound When this box is checked a sound will play when the trigger is reached Use the button to the right with the depiction of the file folder to browse your computer for sound files to play Use the button with the depiction of the speaker to test the selected sound e Add Phantom Position When this box is checked will add one 1 phantom share that will be displayed in Ticker window for tracking purposes Order Details Orders may be attached to Price Alerts causing orders to be automatically sent when the Alert is triggered Click the arrow ki to expand the window to display the Order Entry interface Click the arrow V to collapse the Order Entry interface e Side Select whether the order will be to Buy Sell or Short e Destination Select exchange venue the order will be sent to e Type Select the Order type such as Limit Market etc e Duration Select the duration of the order e Size The number of shares being ordered e Reserve The number of shares being held in reserve or hidden from view on the limit order
93. es Total Moves Up Down Moves Print Moves Top Volumes Top Gainers Losers Top Percent Gainers Top Percent Losers Top Ranges New High Lows Crossed Locked e Option Chain Option Chain Indices e Chart Charts Time amp Sales e Misc Risk Monitor News Message Center Instant Message el LI LN E KE T Hackwood Pro connect Patent Settings Open windows Style connected 10 57 13 BYDE Mii 10 100 10 10 EIER Your favorite windows can be added to the quick launch window Choose More Commands to pick additional command Uncheck commands to hide them DE Bn nl ii LN l P Blackwood Pro I j Customize Quick Access Toolbar connect Window Setting Market Maker Personal Stock Sorter Vo Trader view Order Entry Connected 12 44 16 By DEMO 10 100 d eral Chart hore Commands show Below the Ribbon Minimize the Ribbon 2011 PacMid Technologies LLC Page 8 Blackwood Pro Manual Open Windows hdarket Maker Personal Stock Sorter Users can open windows from the Windows section and alternately by using the Open Windows Drop down menu Clicking the drop down tab pulls up a full menu of all available windows clicking the text pulls up a dialog showing currently open window a ih LN D KE z Blackwood Fro a Connect Gattis Settings Open Windows Style _ fj z a Trader view Ticker Personal Ticker Hu Pnl Bar i Order Entry e Basket Order Entry Basket O
94. eshes the data being displayed in the window e Click Entry Checking this will activate the Point and Click Interface if the e Market Maker window is not already displaying it e Save Default Settings Clicking this will save the settings of the Market Maker window allowing the user to apply those settings to other Market Maker windows See Load Default Settings e Load Default Settings Clicking this will apply the settings saved from another Market Maker window See Save Default Settings e Set Price Alert Clicking this will allow to set a customized price alert e Always on Top Checking this will keep the window from being covered up by any other windows Market Maker Settings This menu may be accessed by right clicking in the Market Maker window Level area then selecting Settings e Show e Only Primary Market Choosing this will filter out all other exchanges except the primary exchange on which the stock is traded For example when viewing NYSE listed stocks only the NYS quotes will be displayed e Group Level by Basis Points Will display each level of the market maker based on your group level basis set under market settings Example a basis of 05 will group each level by 05 increments e Prints Checked on by default Checking un checking this will display or hide the prints actual executed trades that are taking place for that stock When checked on prints will appear to the right of
95. et F Cancel All Orders For Stock Cancel All Buy Orders For Stock Cancel ol Sell Orders For Stack Cancel All Short Orders For Stock Cover Custom Sends a market order to cover a preset percentage sell to cover longs and buy to cover shorts the selected position for a quantity of shares equal to Select All preset percent of the total position size rounded up to the nearest custom share lot Note To avoid odd lot charges the cover functions will always send the cover order for a minimum of 100 shares Add 25 Sends a market order for an amount of shares that will increase the size of the position by 25 percent rounded up to the nearest 100 shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Add 50 Sends a market order for an amount of shares that will increase the size of the position by 50 percent rounded up to the nearest 100 shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Add 75 Sends a market order for an amount of shares that will increase the size of the position by 75 percent rounded up to the nearest 100 shares Note To avoid odd lot charges add functions will always send orders for a minimum of 100 shares Buy Sell to Basket
96. et Maker Books windows Note you must be subscribing to the selected ECN data source to view full quotes e Inside When this box is checked the Inside market best bid offer for the ECN shown above in the ECN window will be displayed in Market Maker Books windows e None When this box is checked no quotes will be displayed for the selected ECN 2011 PacMid Technologies LLC Page 27 Blackwood Pro Manual 3 Price Preference 4 Display Quotes 2011 settings 4 oa 3 Price Level ECH Display E Price Preference Pakaya KE Market P Use Preference by Size False Preference by MM List Preference by Size When this box is True quotes will be displayed in order of the greatest number of shares available at that price level Preference by MM List These settings allow the trader to display quotes at the same price level from selected ECNs in a desired order in the Market Maker Books Windows To give display preference to an ECN type the ECN i e INET into the provided window then click the ADD ARCA button to the right of the window to add it to the list lal below You can further change the order in which the ECN s quotes will display by selecting the ECN from the preference list and using the up down arrow buttons to the right to change the order of display se tings layout Market gt Price Level ECH Display Price Preference O Display Quotes Display Regional
97. evel ll Line Spacing This will change how much space is between each quote in the level 2 section of the Market Maker window Maximum spacing is 2 and minimum spacing is 85 Click the arrow keys to change the size is the corresponding direction 3 Market Maker Lists Lowercase MM Selecting this button will allow you to enter each Market Maker ECN to display in Level2 in lower case text There is no limit to the amount of entries MM Colors Selecting this button will allow you to enter each Market Maker ECN and choose a color to display in Level2 for each one There is a limit of 20 entries Underline MM Selecting this button will allow you to enter each Market Maker ECN to underline in the Level2 display There is a limit of 20 entries Hide MM Selecting this button will allow you to enter each Market Maker ECN to hide and will not display in level 2 There is a limit of 20 entries 4 Preferences Ask Save Layout when Exit Checking this box will have Blackwood prompt you to with a yes or no option to save your layout when the application is exiting Highlight Windows Checking this box will add a blue highlight border around the active window Select Entire MM Background When true the whole MM window is highlighted NYSE Keep Price Level Checking this box will keep the NYSE color the default background of the price level it is being displayed in regardless of the NYSE background color Top OpenBook Keep Price Lev
98. expire unless it is filled or the investor cancels it Gross Domestic Product Value of all goods and services produced domestically Growth stock A stock that generally grows faster than the S amp P 500 and will likely produce consistent profits H Head amp shoulders A technical pattern that results where a stock price reaches a peak and declines rises above its former peak and again declines and rises a third time but not to the second peak and then again declines The first and third peaks are shoulders while the second peak is the formation s head Technical analysts generally consider a head and Shoulders formation to be a very bearish indicator High Ticking To pay the offered price Historic Volatility How much contract price has fluctuated over a period of time in the past usually calculated by taking a standard deviation of price changes over a time period Historical Data A series of past daily weekly or monthly market prices open high low close volume open interest Hook Day A trading day in which the open is above below the previous day s high low and the close is below above the previous day s close with narrow range Implied Volatility The volatility computed using the actual market prices of an option contract and one of a number of pricing models For example if the market price of an option rises without a change in the price of the underlying stock or future implied volatility will have risen In the mo
99. from the list by left clicking it once Note a description of the selected key s function will appear at the bottom of the page e Once the command is selected strike the key you wish to assign to that command note the key you struck will now appear in the new shortcut key window near the top of the page e Click the Assign Key button near top right side of page The newly assigned key will now appear in the Assigned Commands list in the Key column indicating that the key had been successfully assigned Very important note Any order key contains the word Box in it s title will generate an order box that allows the trader to adjust price size prior to sending the order while any order command that does NOT contain the word Box will be a true Hot key meaning when the key is used an order is immediately sent out When using box keys you must also assign a key keys for order execution which must be struck after a box order is prepared to send the order These order execution commands are found at the bottom of the Preferences category page Use Display Category dropdown menu near the top of the settings keyboard page to select Preferences Many traders set Enter and number pad Enter as these execution keys 2011 PacMid Technologies LLC Page 22 Blackwood Pro Manual Layout Tab This window can be accessed by clicking Settings at t
100. g Off of Blackwood click on the Disconnect button Disconnect a Settings Open Windows Style Q load the connect niais imine manual UserName PWDEMO Linnut 3 88 A iP Address 10 100 10 10 Disconnect CPO Se Blackwood Account BWDEMG Shows how much Account ASA of the processor Number a a a a is being used by Connected 09 10 0 PuaDEMO 10 100 10 10 Blackwood Username is Displays Your displayed Current IP address for Connection Displays current connection to Blackwood market time Can also be used to connect disconnect Window Controls Clicking on the Blackwood menu icon will open up the menu which has the following options BS Click here to minimize all BW windows to your taskbar E e o ie KN ep lt v i 1H K K ze Blackwood Pro iii l i Click here to close wi Settings Open Windows Style A the Blackwood Pro ay Center Windows program oe r Fit windows Inside ch Show Hide Windows Icons PE F 10 100 10 10 148 er 45 105 03 H Read Me e Center Windows This brings all the windows that are opened to the center of the screen and puts the on top of each other e Fit Windows Inside This option will fit all open windows onto your primary monitor e Show Hide Windows Icons This will display each window with its own title window bar e Read Me This will display the Blackwood readme file which lists all the chan
101. ge 13 Blackwood Pro Manual i Check Spread Spread Limit Enabling this function allows the trader to set a limit on the spread If the spread between best bid and ask exceeds the value that you set in the provided window all orders will be rejected To disable this function mark False Use Check Spread box Default Size Use Default Size When this box ts True the default size in the basket order window will reflect the amount entered into the provided window Default Size Real Time Prices Use Real Time Prices When this box is True prices displayed in Basket Order windows will update in real time with changing quotes prices However once the price is manually adjusted by the trader real time updates will cease By checking one of the 5 choices in the drop down menu the trader can display prices reflecting Bid Ask Last print Close previous day s closing price Open current day s open price or Average average price of open position for that stock EI Heal Time Prices Use Real Time Prices True Real Time Prices Bid Ask p Price Adjustment Preferences Price Adjustment Use Percent When this box is True prices in Basket Order Entry window will reflect Real Time prices or the percent value entered into the provided window When this box is False prices in Basket Order Entry window will reflect Real Time prices or the dollar value entered
102. ges made to Blackwood e Exit This will close the Blackwood Pro software and all its windows and give an option to save the layout on exit 2011 PacMid Technologies LLC Page 7 Blackwood Pro Manual Blackwood Windowing System Blackwood Pro uses a multi window interface Application features are contained in windows and some features support having many instances of a single feature window that can be opened simultaneously e g a user can open multiple charting windows Users can control the windows look and feel what data is displayed sharing information between windows Linking and default behaviors of features Users can also pick to have their favorite windows available to launch from the quick launch When exiting Blackwood the user will be prompted to save their profile Answering Yes will allow settings changes including the size and position of each window to be remembered next time Blackwood is opened answering No reverts to the last good profile Categories Feature windows are separated into categories in the windows tab of the control center e Market Data Market Maker Personal Stock Sorter Trader View Ticker Personal Ticker P amp L Bar Order Entry Order Entry Basket Order Entry Basket Order Manager Books ECN Book NYSE Open Book Consolidated Prints Security Status Premarket Indications Imbalances Security Status Alerts Price Alerts Trailing Stops Pairs Trading Manager Rang
103. ghlight will remain on the selected market maker until the market maker changes his quote Lock MM Lock MM works with Preference Box order type The preference box sets the destination and price based on the selection that you make in the MM window If the selection Level II quote is removed and you have Lock MM set as True the box will automatically select the new top quote for you Lock Price If the trader is preferencing market makers and ECNs on the bid or ask and the market maker or ECN that is highlighted changes its quote the order will go in at the price that was originally highlighted PacMid Technologies LLC Page 29 Blackwood Pro Manual e Box gt Preference When this box is True upon generating a Box Key Order box the up down keyboard arrows can be used to scroll through the Level II quotes allowing the trader to select the price MM of their choice e Box Follow MM Price When this box ts True prices displayed in Box Key Order windows will reflect the best prices available from all Market Makers When set to False prices will reflect the best price only from the Primary Exchange on which the stock trades 2011 PacMid Technologies LLC Page 30 Blackwood Pro Manual Sweep Tab This window can be accessed by clicking Settings at the top of the Blackwood Pro Control panel and then clicking the Sweep tab Market Sweep LG El Sweep Wave El NYSE Stocks INET ARCA BATS SDO
104. gnated price has been reached This order limits the amount an investor can lose on that investment Straddle Purchase sale of an equal number of puts and calls with the same terms at the same time Street Name Stock ownership in which shares are registered to a brokerage or other financial institution and held Strike price The stated price per share for which the underlying may be purchased in the case of a call or sold in the case of a put by the option holder upon exercise of the option contract Strips An option strategy in which an investor buys one call and two puts on the same underlying security with the same exercise price and expiration date Support Line On a chart a line drawn indicating the price level at which falling prices have stopped falling and have moved sideways or reversed direction 2011 PacMid Technologies LLC Page 149 Blackwood Pro Manual T Technical analysis Analysis that seeks to detect and interpret patterns in past security prices Tick indicator A market index based on the number of stocks whose last trade was an uptick or a downtick Used as an indicator of market sentiment or psychology to try to predict the market s trend Time value of an option The portion of an option s premium that is based on the amount of time remaining until the expiration date of the option contract and the idea that the underlying components that determine the value of the option may change during that time
105. gt Step 2 Set Above Price or Below Price or both that you wish to be Titec orien alerted to Sle pu OM gt Step 3 In the Alert Mode area check the appropriate box or boxes to select how you will be alerted gt Step 4 Click the Add button to Alert Mode add the symbol to the Alert List E Fop Up window TestColor Back Color Py Sound oe Add Phantom Position You will now be alerted when the stock trades above or below your set prices You can adjust the Above Below Price at any time by clicking on the symbol Order Details Price Alert in the Alerts List and then changing Dde Destination Type Duration the price in the Above Below Price SELL ARCA S IER prvy windows In the Price Alert Details area Le A eter Limit Price Stop Price U B GE y T k oF 4 Ka Attaching Orders to an Alert gt Step 1 Expand the Order Details Attach Activate Order interface by clicking the arrow ki to the left of the words Order Symbol Below Above Details 131 00 0 gt Step 2 Click on the symbol in the 131 30 Alerts list to select it o 151 50 gt Step 3 Set up the order that will be sent when the Alert triggers by doing the following e Choose the Side of the order Buy Sell Short e Choose the Destination exchange you wish the order to be sent to e Choose the Type of order Limit Market you wish to use e Choose the Duration
106. he Min and Max windows provided Change These windows allow the user to filter stocks based on the amount of price change the stock has realized during the selected time span Enter a minimum and or a maximum price in the Min and Max windows provided Volume Rate These windows allow the user to filter stocks based on the actual Volume traded during the selected time span Enter a minimum and or a maximum Volume amount in the Min and Max windows provided Exchange e NYSE Check this box to display data for stocks traded on the New York Stock Exchange e NASDAQ Check this box to display data for stocks traded on the NASDAQ e AMEX Check this box to display data for stocks traded on the American Stock Exchange e OTC Check this box to display data for Over the Counter Bulletin Board stocks After making desired settings changes as described above click OK button to apply changes and close the settings window 2011 PacMid Technologies LLC Page 117 Blackwood Pro Manual New Highs Lows Window This window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting New Highs Lows from the dropdown menu This window is a real time streaming market filter that displays new intra day highs and lows for all stocks traded on the NASDAQ NYSE OTCBB and AMEX exchanges New Highs and Lows Settings No Symbol Link Change Font
107. he print was for 500 shares the display will show 500 When this is un checked the Last Vol column will show the numbers as divided by 100 For example if the print was for 500 shares the display will show 5 Last Color Follow Tick Selecting this will cause the background color in the Last column to change to reflect the tick direction Show Filter Bar Displays column headings allowing custom search criteria wildcards accepted 2011 PacMid Technologies LLC Personal Stock Sorter Columns Picker Available Columns Selected Columns Lasty ol BidSize Ask Size Bid Ask Size Open Close Net From Open Open P amp L Close F amp L Open Quantity P amp L Per Share Avg Price ruth mb Net From High Net From Low From High Z From Low Opening Gap Order Tier Size From Upen 4 Upening Gap Exchange HTE Zlntirnh Currlmb ZS umlmb Regi mb Aegl mb Prev Close Prey Net 2 Prey Change D LH Page 57 Blackwood Pro Manual Trader View Window Trader View windows may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Trader View from the dropdown menu Blackwood allows the opening of multiple Trader View windows Trader Yie Shares RRO Closed PRL Exposure E EFE Open Shares Open P amp L TrueNetEzp OcCReg Acc Equity aN Side Size Price Price Del ah reel F Closed P amp L sk Total P amp I ab Used Total Sh SS B ek Sel
108. he stock return to be 12 5 Bid price The price one is willing to pay for a security Black Box A proprietary computerized trading system whose rules are not disclosed or readily accessible Black Scholes option pricing model A model for pricing call options based on arbitrage arguments Uses the stock price the exercise price the risk free interest rate the time to expiration and the expected standard deviation of the stock return Developed by Fischer Black and Myron Scholes in 1973 2011 PacMid Technologies LLC Page 140 Blackwood Pro Manual Block Large quantity of stock or large dollar amount of bonds held or traded A block is generally defined as 10 000 shares or more of stock and 200 000 or more worth of bonds Bond A debt security that pays a set amount of interest on a regular basis Investors make loans to issuers such as corporations or the government in return for the interest Issuers also promise to pay back the loan to the lender Book value per share The accounting value of a share of common stock determined by dividing the company s net worth by the number of shares that are circulating Breakout A stock is said to break out when its price rises above a resistance level or drops below a support level Technical analysts traders take a breakout to signify a continuing move in the same direction and use breakouts as buy or sell indicators Broker dealer A firm that handles transactions for its customers and
109. he top of the Blackwood Pro Control panel and then clicking the Layout tab Settings 4 Colors Connections Defaults Keyboard 1 El Layout Log Directory Profile Directory Save Layout Load Layout oe Level Line Spacing 3 Market Maker Lists Lowercase MM MM Colors Underline HMM Hide MM SES Preferences Ask Save Layout when Exit Highlight Windows Select Entire MM Backgroud NYSE Keep Price Level Top OUpenBook Keep Price Level Enable Docking Windows ay Font Blackwood Font Blackwood Font Quality Blackwood Font i Global 1 Layout C BlackwoodsLogs C Blackwood Profile True False False False False True Haettenschweller 1 2 Non Antiallased False OF Cancel Apply e Log Directory This displays the path that your log file will be stored in on your computer The log file is used by the support team to look at any trade issues or connection problems you may have To change the location click this icon e Profile Directory This displays the path that your profile will be store The profile is the file computer 2011 PacMid Technologies LLC in on your that contains your entire Blackwood layout To change the location click this icon Page 23 Blackwood Pro Manual Save Layout Selecting this button will allow you to manually save your layout Load Layout Selecting this button will allow you to manually load your layout or another layout file 2 L
110. he window to increase decrease price by pre set Increments See Settings Defaults Increment Values For Example If 05 is entered in the window and the real time price being followed is 20 00 the Limit Price Stop Price fields will show 20 05 Side Select whether the order will be to Buy Sell or Short Destination Select the Exchange Venue the order will be sent to Type Choose one of the following Order types iw Use Target Strategy e Limit e Market e Stop Market e Direct e Pegged Market e Pegged Primary e Pegged Mid 2011 PacMid Technologies LLC Page 70 Blackwood Pro Manual Duration Choose one of the following for the Duration of the order e Day Order is good for the entire trading day e IOC Immediate or Cancel will try to fill as much of the order and cancel e FOK Fill or Kill e CO Closing Offset orders provide liquidity to offset imbalances at the Close and execute at the closing price CO orders will trade if marketable to fill any remaining imbalance and will yield to all other interest Within the CO allocation CO orders will be filled in time priority CO orders on the same side of the imbalance will not participate e OPG Opening order is an order that is placed at the days opening e CLO Closing order is an order that is placed at the days close Size Enter the number of shares being ordered Use the arrows to the right of the window to increase decrea
111. how Filter Bar 2011 PacMid Technologies LLC Page 133 Blackwood Pro Manual e Refresh Login Function available for management only e Send Message to Available to send IM to a selected trader e Send Message To Current View Allows to send messages to multiple accounts in current view in Risk Monitor e Send Broadcast Message For admin users to send global broadcast to traders e Settings See Settings Menu e Save Default Settings Selecting this saves the current layout of the Risk Monitor Window e Load Default Settings Selecting this loads and applies a previously saved layout of the Risk Monitor window to a newly opened Risk Monitor window Refresh Refreshes the data being displayed in the window Always on Top Keeps the window on top of all other windows Settings Menu Select Columns Selecting this will open a Columns Picker window which will allow the data that is displayed in the Risk Monitor window to be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click Ok to close window and set changes Change Font Opens a window that allows the user to change font style and size Click Ok to close window and set changes Sort on Header Click Allow the
112. how Totals Cover 25 Sends a market order to cover sell to cover longs and Show Commodity List buy to cover shorts the selected position for a quantity of shares equal to 25 percent of the total position size rounded up to the EE nearest 100 share lot Note To avoid odd lot charges the cover Save Stock List function will always send the cover order for a minimum of 100 SEN shares Save Default SE Cover 50 Sends a market order to cover sell to cover longs and ee buy to cover shorts the selected position for a quantity of shares Always on Top equal to 50 percent of the total position size rounded up to the nearest 100 share lot Note To avoid odd lot charges the cover function will always send the cover order for a minimum of 100 shares 2011 PacMid Technologies LLC Page 54 Blackwood Pro Manual Cover 75 Sends a market order to cover sell to cover longs and buy to cover shorts the selected position for a quantity of shares equal to 75 percent of the total position size rounded up to the nearest 100 share lot Note To avoid odd lot charges the cover function will always send the cover order for a minimum of 100 shares Cover 100 Sends a market order to cover sell to cover longs and buy to cover shorts the selected position for a quantity of shares equal to 100 percent of the total position size rounded up to the nearest 100 share lot Note To avoid odd lot charges the cover functions will always se
113. ice Preference Display Quotes EI Preferences Clear Box False Enable Click Entry False Aight Mouse Fast Orders False Show Open Orders True Box Realtime Prices False Fired MM and Price False Lock MM False Lock Price False Box gt Preference False Box Follow MM Price False Clear Box When this box is True order boxes generated via Box Order Keys will disappear upon submission of the order Enable Click Entry When this box is True a Point and Click order interface will be displayed as part of Market Maker Windows Right Mouse Fast Orders When this box is True orders may be sent automatically by Right Clicking quotes in the level 2 area of Market Maker windows Orders will be sent as Limits at the price of the quote to the Venue that is displaying the quote Orders generated in this manner from the Bid column of the level 2 will go as Sells and orders generated from the Ask side will be Buys Great care must be exercised when this function is active Show Open Orders When this box is True Open orders will be reflected with a marker entitled Order with the order price that will be displayed in the level 2 area of the Market Maker window at the proper price level Box Realtime Prices When this box is True prices displayed in Box Key Order windows will update in real time with changing quotes However once the price Is manually adjusted by the trader real time updates will cease Fixed MM and Price The hi
114. indow with the last 10 most recent News items for that symbol e Link Select a color from the palette that matches News Filter the link bar on the window you wish to link to or select link to all to link to all linkable windows Show General News e Change Font Opens a window that allows the user lV Show Only Symbols to change font style and size Click Ok to close window and set changes e Always on Top Keeps the window on top of all other windows Mews Columns Picker Available Columna Selected Columns Dates Time E schange Ticker Wel ode Head mes 2011 PacMid Technologies LLC Remove Use Wildcard Cancel Page 137 Blackwood Pro Manual Message Center This window will display connectivity to Blackwood Pro servers and number of open windows Message Center O X Status Connected Connected to Data Server Connected to Order Server Connected to Chart Server Connected to Client Portal Logged in to Data Server Logged in to Order Server Logged in to Chart Server Authenticated Open Windows 40 37 isible f 3 Hidden Subscribed Symbols SSIS IS FY Messages 2011 PacMid Technologies LLC Page 138 Blackwood Pro Manual Instant Message This window allows Management and Branch leaders to send broadcast messages and individual messages to traders The message will be displayed in their Ticker
115. ine drawn indicating the price level at which rising prices have stopped rising and have moved sideways or reversed direction Return on Equity ROE The value found by dividing the company s net income by its net assets ROE measures the amount a company earns on investments Reversal Gap A chart formation where the low of the last day is completely above the previous day s range with the close above midrange and above the open Rotation Moving funds from one sector to another sector of the stock market as the business cycle unfolds Roth IRA An IRA allowing workers to withdraw all earnings completely tax free after the age of 59 S S amp P 500 Composite Index Index of 500 widely held common stocks that measures the general market performance Seasonal Trend A consistent but short lived rise or drop in market activity that occurs due to predictable changes in climate or calendar Sector fund A mutual fund investing in a particular industry such as technology natural resources and real estate Settlement The price at which all outstanding positions in a stock or commodity are marked to market Typically the closing price Short interest Total number of shares of a stock that investors have sold short and that have not been repurchased to close out the short position The short interest is often an indicator of the amount of pessimism in the market about a particular security although there are other reasons to short that are not
116. ings Size Increment Yalues Duration Venues Selection Order Strategy Cover Strategy E Preferences keep Lot Size on Order Bos False keep Lot Size on New Symbol False Order Entry Aggressive BuySell Style False Order Entry Clear Box False e Keep Lot Size on Order Box When this box is True changes made to lot size in Box Key Order windows will NOT be mirrored in the Lot window of the Level 1 area of the Market Maker window When this box is un checked lot size changes made in order boxes will also change the Lot window of the level 1 area of the Market Maker e Keep Lot Size on New Symbol When this box is True changes made to lot size in Order windows for specific symbols will NOT effect the default lot size displayed in the level 1 of the Market Maker window When this box is un checked changes made to lot size for a symbol in an Order Box will remain as changed when returning to that symbol regardless of default size e Order Entry Aggressive Buy Sell Style When True double clicking on the Ask on the personal stock sorter will bring up an order entry box populated to buy at the ask price and or sell at the bid price When it is un checked the buy will populate with the bid price and the sell with the offer price e Order Entry Clear Box When checked once you send an order through the order entry box it will be closed 2011 PacMid Technologies LLC Page 20 Blackwood Pr
117. into the provided window Preferences Basket Passive Buy Sell Style When this box is True limit prices for Buy orders will default to the Bid price and Sell orders will default to the Ask price When this box is False limit prices for Buy orders will default to the Ask price and Sell orders will default to the Bid price Basket Clear Box When this box is True Basket Order Entry windows will automatically close when the order is submitted Keep Order Type When True last submitted order type criteria will stay constant Basket Show Warning Messages When True a pop up message will appear on Submission of orders that exceed the set Spread Limit See above asking you to confirm if you want to place this order even though it is hitting your spread limit Keep Order Duration When True last submitted order duration criteria will stay constant 2011 PacMid Technologies LLC Page 14 Blackwood Pro Manual Color Tab There are 3 default color schemes to choose from for the Market Maker window and for the ECN NYSE OpenBook window To create a custom color scheme highlight the field you want to change then select change color Once you make a change to the color scheme you will want to hit Save to Custom 2011 st Price Level nid Price Level ard Price Level 4th Price Level oth Price Level th Price Level st Price Level Text nd Price Level Text ard Price Level Text 4th Price Level Text th Price Level Text
118. ion simply type the desired label into the Show Vertical Lines E Lini space provided in the Enter Label window and then 539 Drop E Lin Real time Sort B i Linki click the OK button to apply the label Bring MM to Front Link Allows Personal Stock Sorter window to be n i l Highlight Entire Bouw linked to other windows Select a color from the Flash Last print dropdown list that matches the link bar on the y Narrow Row Height window you wish to link to or select link to all to sy Show Scroll Bars link to all linkable windows Show Last vol 100 Select Columns Selecting this will open a Columns Last Color Follow Tick Picker window which will allow the data that is Show Filter Bar displayed in the Personal Stock Sorter to be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click OK to close window and set changes Refer to the diagram below for the available list of columns Change Font Opens a window that allows the user to change font style and size Click OK to close window and set changes Change Colors Opens a window that allows the user to change colors of background and text of Personal Stock Sorter items Click Ok to close window and set changes S
119. ional prints in the chart data and bars e Pin Chart Selecting this will lock the chart on the current day s data only You can not Zoom Scroll or Reset in this mode Deselect Pin Chart to get back to normal chart mode e Show Day Separator Selecting this will display a vertical white dotted line separating each trading day that is displayed in the chart e Show RealTime Label Selecting this will display a highlighted box with the stocks current printed price 2011 PacMid Technologies LLC Page 129 Blackwood Pro Manual e Show Cross Hairs When checked crosshairs will be displayed while the mouse is over the chart e Show Prev Day Close When checked will display a line referencing previous days closing price e Load from Default After opening a new Chart window select this to set up the chart with the basic chart settings that you have saved on your initial chart e Save As Default Selecting this will automatically save all the parameters you have set up for a chart so that you may set up other charts the same way To do so open a new chart window right click in it and select Load From Default e Chart Settings Allows you to change the colors bar and line widths related to the chart e Settings Selecting this will display or hide the drop down menus and buttons at the top of the chart window e Remove Selecting this will remove overlay studies you may have placed into the chart You may rem
120. ir Name h Wat to Execute Description changes Fending Sizes Details Change Colors Opens a window that Sent Sizes Symbol Executed Symbol allows the user to change colors of E umbali Ee A duale nead background and text of items Click Ok Symbol P amp L Comparison Symbol Price Required Spread to close window ang set changes Conte P amp L Evaluation Sort on Header Click Allow the user to Realized Spread sort data by clicking on column headers Pair Sizes Spmboll Size Hide Header Display Hides column Symbal2 Size headers when selected oe i i i Alf Show Horizontal Lines Displays lines Active between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked Drag amp Drop Allows user to left click hold and drag items into the window when checked Space Evenly for Buttons When checked vertically aligns control buttons on the right side of Pairs Trading Manager window Show Warning Messages When checked will pop up a message asking you to reconfirm you want to place the order Get Automated Names for Copies When checked copied algorithm will be assigned an automated name When unchecked copied algorithm will prompt the user to enter a custom name of the algorithm Allways on Top Keeps the window on top of all other windows Page 102 2011 PacMid Technologies LLC Blackwood Pro Manual Total Moves This window is only functioning in the
121. l Sell orders for all stocks Cancel All Short Orders Cancels all Short orders for all stocks Buy Sell to Basket Places all selected stocks into a Basket Order Entry window See Basket Order Entry 2011 PacMid Technologies LLC Page 60 Blackwood Pro Manual Settings Menu The settings menu may be accessed by right clicking anywhere in the Trader View window and selecting Settings The following settings options are available Select Columns Selecting this will open a Columns Picker window which will allow the data that is displayed on the various Available Columns selected Columns Tabs to be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click Ok lt lt OrderRef z to close window and set changes Stop Price Size Remaining Change Font Opens a window that allows the user to change font style and size Click Ok to close window and set changes Change Colors Opens a window that allows the user to change colors of background and text of Trader View items Click Ok to close window and set changes Link Allows Trader View window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish t
122. lackwood Pro Manual Top Gainers Settings Time Spar Price Price Range 2 Minutes 3 Minutes Mm jo Ma o Min o blas o 5 Minutes 10 Minutes Average Volume Change O15 Minutes Mir o blax o Mm jo Max 0 C 20 Minutes 20 Minutes 45 Minutes Volume Hate E schange BO Minutes BR EE NYSE NASDAQ in e Dan d PJaMEX OTC Stock Count E E Cancel Settings Menu Choose Settings from the right click menu to open the Top Percent Gainers Settings filter window e Time Span Choose the time span that the window will display data for by clicking the box to the left of the desired interval e Stock Count This window reflects how many stocks will be displayed at one time Use the arrows to the right to adjust quantity e Price These windows allow the user to filter stocks based on the per share price of the stock Enter a minimum and or a maximum price in the Min and Max windows provided e Price Range These windows allow the user to filter stocks based on the price range the stock has traded in during the selected time span For example If a stock trades from 20 00 to 21 00 during the selected time span the Price Range would be 1 00 e Average Volume These windows allow the user to filter stocks based on the Average Daily Volume the stock trades calculated from historical data Enter a minimum and or a maximum Volume amount in the Min and Max windows provided e Change These
123. lgorithm Pay thru Amount Sounds for Executions Routing Orders to other venues Preferences Commissions Calculation of P amp L e Plugin API Modules Connect Windows settings Open Windows Style Connections Basket Colors Defaults Keyboard Layout Market Sweep Trader Trading Plugin Ke connected 11 55 05 BYDE MiO 10 100 10 10 BYD E hl 2011 PacMid Technologies LLC Page 10 Blackwood Pro Manual Connections Tab This window can be accessed by clicking Settings at the top of the Blackwood Pro control panel and then clicking the Connections tab settings acket Colors Connections 1 EI Client Portal Addresses EI Password Password El Primary Address f2 5 42 228 Order Fort UU Data Port n200 Chart Fort A300 Alternate 1 Address f2 5 42 229 Order Fort UU Data Port F200 Chart Fort a200 Alternate 2 Address f2 5 42 230 Order Fort 000 Data Fort n200 Chart Fort a200 a Preferences Show All Order Executions True Show All Market Moves True CPU Conservation Mode True Use eSignal Charts False Use eSignal Data False Close eSignal Un Exit False Allow Version Downgrade False Chent Portal Addresses Apply 1 Client Portal Addresses The addresses below are to the servers you are connecting to There are 3 servers that you can have in this list In case one server has a problem you will automatically failover to your alternate servers DO NOT CHANGE THESE ADDRESSES UNLESS
124. lled was to Buy Sell or Sell Short Size The amount of shares of the canceled order Price Specific Price that the cancelled order was sent when using a Limit Or Stop Market order Contra Displays the exchange or venue where the cancelled order had been sent Order ID The identification number assigned to the cancelled order by the Blackwood system Cancels Right Click Options Settings see Settings Menu above Page 63 2011 PacMid Technologies LLC Blackwood Pro Manual Positions Tab When this tab is selected the Trader View window will show all pertinent data pertaining to Positions The data columns available for display on the Positions tab are Trader Yiew Shares Pe Closed PRL Exposure TEE open Shares Open P amp L TrueNetExp OCCReg Acc Equity all Side Size Price Price Del ahs apes F Closed P amp L sk Total P amp I ab Used Total Sh SES B bk Sel Total Buy Total Sell OCC Reg Orders Executions Cancels Positions All Locates Symbol Symbol of the stock Side Reflects whether the position is Long or Short Size The amount of shares held in the position Price The position s average price Price Delta The per share monetary margin by which the position is up or down Open P amp L The amount of profit or loss currently being realized by the open position the difference between position price and the last trade times the number of shares of the position
125. lletin Board stocks After making desired settings changes as described above click OK button to apply changes and close the settings window 2011 PacMid Technologies LLC Page 111 Blackwood Pro Manual Top Percent Gainers This window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Top Percent Gainers from the dropdown menu This window is a real time streaming Market Sorter that displays stocks realizing the greatest gains by percentage during the selected time span Top Percent Gainers DAY O X Settings No Symbol Link Change Font El Link 1 Fixed Font WM rk z Change Background Color WW Links Link 4 El Links Link 6 P Link El Link Bi Links E Link 10 Right Click Menu e Settings See Settings Menu e Link Allows Top Percent Gainers window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows e Change Font Selecting this opens a window that allows the user to change the font style and size e Fixed Font Checking this will keep the font size when re sizing the window e Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet 2011 PacMid Technologies LLC Page 112 B
126. low the data that is displayed in Basket Order Entry window to be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click Ok to close window and set changes Change Font Opens a window that allows the user to change font style and size Click Ok to close window and set changes Sort on Header Click Allow the user to sort data by clicking on column headers Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked Drag and Drop Allows user to left click hold and drag items into the window when checked 2011 PacMid Technologies LLC Page 75 Blackwood Pro Manual ECN Books The ECN Exch Books window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting ECN Exch Books from the dropdown menu The ECN Exch Books window displays the Limit Order books for the major ECN exchanges ECN Book AAPL MII Bid Size MMID ASK 301 02 T ARGA 391 05 1 BATS ba bk kA bk bk bh bh bh NM d kA bd FA bk Fa bh kA D kA NM kk DO kA FA NM kb 1 1 3 1 2 2 2 4 e 4 1 4 j l Symbol window Ty
127. lt settings in this area effect Cover and Flatten orders placed via the right click menus available in the Trader View positions tab and Personal Stock Sorter windows settings X E Ditze Increment Yalues Duration Yenues Selection Order Strategy O Cover Strategy El Listed Destination SDOT Ss SHOWN Order Type Market NEED Duration DAT PRIMAR Price Pay THRU Pay THRU NBEO Dau thru Amount 0 000000 PAY TORU PRIMARY Rogtable False HASDAQ Destination ARCA Order Type Lirnit Duration Day Price Pay THA Pay thru Amount U O00000 FAoutable False Custom Size 100 e Listed e Destination When sending Right click Cover or Flatten orders for Listed on the New York Stock Exchange stocks orders will be automatically sent to the selected destination Use the dropdown arrow at the right side of the window to select the desired order destination e Order Type When sending Right click Cover or Flatten orders for Listed on the New York Stock Exchange stocks orders will be automatically sent with the Order Type Shown in the window Use the dropdown arrow at the right side of the window to select the desired Order Type e Duration When sending Right click Cover or Flatten orders for Listed on the New York Stock Exchange stocks orders will be automatically populated with the Duration Shown in the window to the right Use the dropdown arrow at the right side of the
128. ly return to the resistance level on decreased volume Prices then decline and break through the support level marking the beginning of a new downtrend in the price of the stock 2011 PacMid Technologies LLC Page 142 Blackwood Pro Manual Dow Jones industrial Average DJIA An indicator showing generally how well the market is doing found by averaging the prices of 30 industrial blue chip stocks trading on the New York Stock Exchange Earnings per share Earnings found by dividing the net income of the company by the number of shares of common outstanding stock Efficient Market Theory All known information is already discounted by the market and reflected in the price due to market participants acting upon the information Eurodollar Dollars deposited in foreign banks with the futures contract reflecting the rates offered between London branches of top US banks and foreign banks Exchange Traded Funds Collections of stocks that are bought and sold as a package on an exchange principally the American Stock Exchange AMEX but also the New York Stock Exchange NYSE and the Chicago Board Options Exchange CBOE Ex dividend date The first day of trading when the seller rather than the buyer of a stock will be entitled to the most recently announced dividend payment The date set by the NYSE and generally followed on other U S exchanges is currently two business days before the record date A stock that has gone ex dividend i
129. m back out if Priceview you had previously zoomed in show Regional Prints e Volume Selecting this will display Buy Sell Volume along the Pim chart bottom of the chart SE l l W Show RealTime Label e Show XGrid Selecting this will display a vertical dotted line at De each time interval displayed along the bottom of the Chart Sa firey Hew Clee window e Show YGrid Selecting this will display a horizontal dotted line at 103 Fram Default each time interval displayed along the side of the Chart window e eee Show 3D Candle When checked solid candles will display in 3D Ze e Show Horz Separators When checked studies are separated by Ee d customized colored lines e Show Studies Titles When checked will display the name of the study shown on the chart e VolumeUpDownColors Selecting this matches the colors on the price panel bars e Displaylnfo Selecting this will place a window on the chart that updates specific information about each bar of the chart that you place your cursor over This window can be moved to any location on the chart by Left clicking on it holding it and dragging it to a new location e PriceView Selecting this will open a moveable window on the chart that displays the current bars Open High Low Close and Net Change To move this bar Left click on it and while keeping it pressed drag it to a new location in the chart e Show Regional Prints Selecting this will include reg
130. n If you want to return to seeing the current data for the stock select the ShowCurrent button gt Time To start seeing data from a specific time of day enter the time in 24 hour format ex 13 35 00 and then select Go gt Show Current Selecting this button will display all current information for a stock from the moment the button is pressed gt Link Allows Time of Sales window to be linked to other windows Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows 2011 PacMid Technologies LLC Page 131 LC Blackwood Pro Manual Right click Menu Settings Change Colors Show Regional Exchanges Change Font Show Trades Show Quotes Seleck Columns w Show Grid Lines Hide Exchanges Settings See Settings Menu Show Regional Exchanges Checking this will display Regional Exchange information for the stock Show Trades Checking this will display only trade information for the stock Show Quotes Checking this will display only quote information for the stock Settings Menu Change Colors Opens a window that allows the user to change colors of background and text of Personal Stock Sorter items Click Ok to close window and set changes Change Font Opens a window that allows the user to change font style and size Click Ok to close window and
131. n issued basis Whisper number or forecast An unofficial earnings estimate of a company given to clients by a security analyst if there is more optimism or pessimism about earnings than Shown in the published number These are often found on the Internet Writing puts to acquire stock Selling put options at an exercise price that would represent a good investment by an option writer who believes a stock s value will fall so that the writer cannot lose If the stock price unexpectedly goes up the option will not be exercised and the writer is at least ahead the amount of the premium received If the stock loses value as expected the option will be exercised and the writer has the stock at what he had earlier decided was originally a good buy and he has the premium income in addition Y Yield The percentage rate of return paid on a stock in the form of dividends or the effective rate of interest paid on a bond or note Yield curve The graphic depiction of the relationship between the yield on bonds of the Same credit quality but different maturities Related Term structure of interest rates Harvey 1991 finds that the inversions of the yield curve short term rates greater than long term rates have preceded the last five U S recessions The yield curve can accurately forecast the turning points of the business cycle Z Zero coupon bond A bond in which no periodic coupon is paid over the life of the contract Instead both the p
132. n will always Eat an send the cover order for a minimum of 100 shares EE Flatten Flatten All Cover 50 Sends a market order to cover sell to cover Add 25 longs and buy to cover shorts the selected position for a Add 50 Add 75 quantity of shares equal to 50 percent of the total position size rounded up to the nearest 100 share lot Note To avoid odd lot charges the cover function will always send the cover order for a minimum of 100 shares Order Update Cover 75 Sends a market order to cover sell to cover Order Update to Mather longs and buy to cover shorts the selected position for a Order Status quantity of shares equal to 75 percent of the total position size rounded up to the nearest 100 share lot Note To avoid odd lot charges the cover function will always send the cover order for a minimum of 100 shares Cover 100 Sends a market order to cover sell to cover longs and buy to cover shorts the selected position for a quantity of shares equal to 100 percent of the total position size rounded up to the nearest 100 share lot Note To avoid odd lot charges the cover functions will always send the cover order for a minimum of 100 Cancel All Orders shares Cancel All Buy Orders Cancel All Sell Orders Cancel All Short Orders Add 100 E l Gea elernan aea Sle fas eae abe A GUY WT Ger Se bo Mat k
133. nd size Time When set to True the Prints Window will display the time that the print occurred 2011 PacMid Technologies LLC Page 82 Blackwood Pro Manual Pre Market I ndications The Pre Market Indications window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Pre Market Indications from the dropdown menu The Pre Market Indications window displays stocks that are indicating to open above or below the previous day s closing price Pre Market Indications O X Time Symbol Bid Ask Close Bid Chani Ask Chan oBid Chani Ask Chan Volume Open Spread Position 09 76 06 BLK 197 00 202 00 201 43 4 43 0 57 2 20 0 28 2 00 09 26 08 JBT 19 00 20 00 19 03 0 03 0 97 0 16 5 10 1 00 09 26 08 AAY fifa 8 25 ZZ 0 03 0 53 0 39 6 87 0 50 09 30 74 CRU 14 00 14 50 14 93 0 93 0 43 80 23 2 88 0 50 09 76 16 N R 17 07 7227 57 F227 57 3 00 oO 0 69 0 2 00 09 78 16 CNH 46 90 48 30 46 30 oO 2 00 0 4 32 2 00 09 28 16 CGY 39 65 36 85 36 65 1 00 oO 2 71 oO 1 00 09 32 32 CCG 17 50 13 50 13 76 1 26 0 26 9 16 1 89 240 846 Oo 1 00 09 28 16 ALU 4 72 4 87 4 72 o 0 15 o 3 18 0 15 sl Right Click Menu Options w Show NASDAQ Show NASDAQ When this is selected stocks traded vw Show NYSE on the Nasdaq will be displayed Settings Show NYSE When this is selected stocks traded on No Symbol Link the DER York Stock Exchange will be displayed ass Link Setting
134. nd the cover order for a minimum of 100 shares Cover Custom Sends a market order to cover sell to cover longs and buy to cover shorts the selected position for a quantity of shares equal to CUSTOM preset amount rounded up to the nearest 100 share lot Note To avoid odd lot charges the cover function will always send the cover order for a minimum of 100 shares Cancel All For Stock e Cancel All Orders For Stock This will Siete Cancel All Orders For Stack cancel all orders for the stock selected Cancel Al Buy Orders For Stock e Cancel All Buy Orders For Stock This will cancel all buy Cancel ll Sell Orders For Stock orders for the stock selected Cancel All Short Orders For Stock e Cancel All Sell Orders For Stock This will cancel all Sell orders for the stock selected e Cancel All Short Orders For Stock This will cancel all Short orders for the stock selected Cancel All e Cancel All Orders Cancels all open orders tery amer ll orders for all stocks Cancel All Buy Orders e Cancel All Buy Orders Cancels all Buy orders for all stocks Cancel All Sell Orders e Cancel All Sell Orders Cancels all Sell orders for all stocks Cancel All Short Orders e Cancel All Short Orders Cancels all Short orders for all stocks Add 25 Sends a market order for an amount of shares that will increase the size of the position by 25 percent rounded up to the nearest 100 shares Note To avoid odd lot charges
135. nding up worthless in the long run Pivot Point In market activity a price reversal point Premium 1 The difference between the price an investor paid for a stock and the price at which the stock was sold Also a group of securities that are selling at a higher price than others are considered to be selling at a premium 2 A bond sold above its par value 3 the price of an option contract also in futures trading the amount by which the futures price exceeds the price of the spot commodity Premium income The income received by an investor who sells an option contract s Preferred stock Stock whose holders have precedence over common stock in claiming dividends and assets Price to earnings ratio P E The ratio found by dividing market price per share by earnings per share This ratio indicates what investors think of the firm s earnings growth and risk prospects Price to book ratio The ratio found by dividing a stock s market price per share by its book value defined as being assets minus all liabilities per share This ratio measures the stock s value relative to its net assets A high ratio for instance might suggest that a stock is overvalued Price to cash flow ratio The ratio found by dividing a stock s price per share by its cash flow per share This ratio similar in type to the price earnings ratio serves as a measure of investors expectations on a firm s future financial success Put option The right given a b
136. ney A put option is in the money if its strike price is higher than the underlying Stock option or future a call option is in the money if its strike price is lower than the underlying stock option or futures contract For example if the IBM is trading at 99 the IBM January 90 2002 call is 9 points in the money Income Dividends Payments to mutual fund shareholders consisting of dividends interest and short term capital gains earned on the fund s portfolio securities after deduction of operating expenses 2011 PacMid Technologies LLC Page 144 Blackwood Pro Manual Income stock A stock that generally grows more slowly than the S amp P 500 pays a dividend and will produce long term profits Index A quantity whose variation represents market fluctuation The Standard amp Poor s 500 index measures the overall change in the value of 500 stocks of the largest firms in the US Initial Public Offering IPO The first time a company sells stock to the public An IPO is a type of a primary offering which occurs whenever a company sells new stock and differs from a secondary offering which is the public sale of previously issued securities usually held by insiders J January Effect The tendency for securities prices to recover in January after tax related selling is completed before the year end Junk bond A weak bond rated BB or lower that has a high default risk and thus carries a high interest rate L Large ca
137. nges in the general volume movement of the market lt 1 indicates a bull market 1 neutral and gt 1 bear market U Uncovered call A short naked call option position where the writer seller of the call s does not own shares of the underlying stock represented by the option contracts Uncovered calls are much riskier for the writer than a covered call where the writer of the uncovered call owns the underlying stock If the person long the call exercises the option to call the stock the writer is forced to buy the stock at the current market price in order to deliver it to the person long the call s Uncovered put A short naked put option position where the seller writer has not established a short stock position or has not deposited in a cash account cash or cash equivalents equal to the exercise value of the put The writer is obligated to buy the asset at a certain price if the buyer of the put option decides to exercise it Uncovered put options limit the writer s risk to the value of the stock adjusted for premium received Underlying Security In options a stock subject to purchase upon exercise of the option Undervalued A stock price perceived to be too low or cheap as indicated by a particular valuation model For instance some might consider a particular company s stock price cheap if the company s price earnings ratio is much lower than the industry average 2011 PacMid Technologies LLC Page 150 Blackwood
138. nual e Change Font Selecting this opens a l Option Chain Columns Picker window that allows the user to change the font style and size Available Lolumns Selected Columns e Hide Header Display When selected Best hides column headers E AckVity e Show Horizontal Lines Displays lines C BidGamma l i C AskGarmma between horizontal row items when P Bd checked P Askil mem H BidGamma oe e Show Vertical Lines Displays lines D AskGamma between vertical columns when e checked e Narrow Row Height When this is selected the rows will be narrowed allowing for a more compact display e Refresh on Change When selected allows reat time data flow 2011 PacMid Technologies LLC Page 125 Blackwood Pro Manual Placing Orders using the Click Entry Order Entry XOM C0311119 70 Oo x Window 1 DOE H XOM CO31119 70 Ei 1 Double click on the line of the Series L 9 25 B 9 30 A 9 40 in which you are interested in CI 9 25 Lo 9 25 Hi 9 275 trading Order Entry Box will appear EE E 2 Make selections by using drop down FilUse RealTime Bid Ask Last a menus as to Side Destination Type Duration Size Limit Price Side Destination Type Duration Ei i Size Reserwe Limit Price Stop Frice EATER es le Scale a EN A ey D M Placing Orders using the Market Maker Window 3 Link Market Maker Window to the Option Chain Window by left clicking on Call Bid Call Ask or Put
139. o Manual Keyboard Settings To set Keyboard commands go to Settings at top of the control panel then select the Keyboard tab To assign a key follow these steps me Display Category Order Execution z Assign Key Set New Shortcut Rey Reset kep LeftRight System Keys Reset All Keys Assigned Commands for Selected Category Reset All Keys to Default Command ARCA Box Buy ARCA Bos Buy Ask ARCA Box Buy Closeout ARCA Bos Buy Ask Closeout ARCA Box Half Buy Ask ARCA Limit Buy ARCA Limit Buy 100 ARCA Limit Big Buy ARCA Limit Big Buy Closeout ARCA Limit Small Buy ARCA Limit Small Buy Closeout ARCA Limit Buy Closeout ARCA Market Buy AACA Market Buy Closeout ARCA Hidden Buy ARCA Half Buy ARCA NOW Buy ARCA Bos Sell ARCA Box Sell Bid ARCA Bos Sell Closeout ARCA Bos Sell Bid Closeout ARCA Bos Halt Sell Bid ARCA Limit Sell ARCA Limit Sell 100 ARCA Limit Big Sell ARCA Limit Big Sell Closeout ARCA Limit Small Sell ARCA Limit Small Sell Closeout Description Uk Cancel Apply 2011 PacMid Technologies LLC Page 21 Blackwood Pro Manual 1 Display Category e Use the dropdown menu to the right of the words Display Category to display the desired key category The following categories are Order Execution Quick Lot Venue Selection Order Type Preferences Open Orders VV VV V Y e Select the command you wish to assign a key to
140. o Manual The Risk Monitor window allows the user to drill down to individuals positions held in an account by right clicking on the account and selecting the Link Account command This action will launch a Trader View window with the positions for the account selected This window is fully functional including order execution In the example below the Risk Manager is about to Flatten the trader s position in PESI All orders are sent on behalf of the trader in question To access this selection the manager left clicks to highlight the position then right clicks over the PESI position The manager also had the option to double click on the position to bring up a click entry window dialog box Linked Trader View ECKER KT Shares EIERE closed par Paes Open Shares Open P amp L elen aide Size Price Price Delta Open P amp L Closed P amp L Used Total Shares Total P amp L Und PESI 10 000 Le 450 00 190 00 5 350 00 g w a GER Ge 24 5 L 3 00 ame te coal i Flatten All REE 5 SHZ i Cover 255 AML 7 018 40 a Cover 50 CHGS ao GEN See SIFY 213 de Lover 100 AEN 6 000 1078 80 1 270 80 eae ouer CUSTOM 100 XING ER 766 50 4 125 Add 25 DEER 1 zea 5 7 64 99 100 00 flo Add 50 COII 5 0 E 254 58 06 78 6 692 2 Add 75 BIOD lose Add 100 Add CUSTOM 100 2011 PacMid Technologies LLC Page 135 Blackwood Pro Manual News The News Trade window may be opened by clicking
141. o be accessed from the Right Click Menu gt Bar Style Box By clicking the down arrow you can select the bar style for the chart e Solid Candle e Line Chart e Hollow Candle e Stock Bar e Stock Bar HLC This setting can also be accessed from the Right Click Menu gt Indicator By clicking on the down arrow you can select from a variety of line studies to be overlaid onto the chart After opening the drop down menu select the study you want by checking the box next to the name of the study This setting can also be accessed from the Right Click Menu 2011 PacMid Technologies LLC Page 127 Blackwood Pro Manual gt Buttons By clicking these buttons you can zoom out or in on the chart The minus button will show more bars in the chart window gt Left Right Arrow Buttons By clicking these buttons it will change the time frame that is being displayed gt gt gt Button Snaps the chart window to the most recent time gt Zoom To zoom in on a series of bars select the ZOOM button The cursor will turn into a magnifying glass Place the magnifying glass cursor over the area you want to zoom in on and left click and drag the cursor This will place a blue highlight over the area that you will zoom into Let go of the mouse button and the area in blue will be zoomed in To zoom back out fully click on the Reset button and then click on the Refresh button Reset Resets the chart back to its d
142. o link to or select link to all to link to all linkable windows Show Order Summary Checking this will cause data to be displayed in an abbreviated Summary format Sort on Header Click Allow the user to sort data by clicking on column headers Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked Drag amp Drop Allows user to left click hold and drag items into the window when checked Show 4 Decimals in Price Displays prices carried out to 4 decimal places when selected Copy to Clipboard Copies data from the selected window to the clipboard for pasting into other windows and applications such as a spreadsheet Linked Symbol on Top Brings current symbol selected in Market Maker and or Personal Stock Sorter to the top of the list in all Trader View window Tabs Real time Sort Allow the user to view sorted data in real time by clicking on column headers Show Filter Bar Displays column headings allowing custom search criteria wildcards accepted Trader iew Orders Columns Picker UK Cancel 2011 PacMid Technologies LLC Page 61 Blackwood Pro Manual Executions Tab When this tab is selected the Trader View window will show all pertinent data pertaining to Executed trades The data columns available for display on the Execution tab are
143. of the order to be sent e Choose the Size number of shares of the order to be sent e Choose the Reserve Size number of shares of the order to be sent hidden e Enter the Limit Price when using Limit orders e Enter the Stop Price when using Stop orders on SDOT gt Step 4 After setting up the order to be sent as described above click the Attach Activate Order button The Alerts window will automatically send the order when the trigger is reached When an order is attached the symbol in the Alerts list will be highlighted with a yellow background When the order is sent the symbol in the Alerts list will be highlighted with a blue background It is necessary to click a header OTHER than the symbol column in the Alerts list to view the yellow highlight 2011 PacMid Technologies LLC Page 92 Blackwood Pro Manual Removing Orders from an Alert To remove an attached order select the symbol that you wish to remove the order from by clicking on it in the Alerts list then click the Remove Order button Note By attaching orders the Price Alerts window may be used to either enter positions or it may be used as a stop to exit positions When being used in a stop capacity the trader must remember to Un attach the order if the position that an attached order was intended to cover is exited prior to the alert triggering 2011 PacMid Technologies LLC Page
144. ol in the list to highlight it and then click the Remove button Indices List This displays all the stocks that are to be displayed Up Down Arrows Click on the up and down arrows to move the highlighted symbol up or down in the list Indices Row This will set how many symbols will display for each row After making desired changes click the OK button at the bottom to close the Select Indices window and set changes into the Indices Bar 2011 PacMid Technologies LLC Page 122 Blackwood Pro Manual Option Chain The Option Chain may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Option Chain from the dropdown menu The option chain lists the available call and put strike prices for an underlying security and the month of expiration for each available option In the option chain below the call options are listed on the left side and the put options on the right side In this instance the options listed are for Exxon Mobil Corporation NYSE XOM common stock Option Chain OM Stock ES 90 81 0 58 4 80 80 80 81 24x45 C Bid CAsk CY ol C Size Series P Bid P sk PY ol P Size KO D 1 041 x 276 XOM MAR 19 11 72 5 0 01 0 08 DU 1 745 x 820 DHA 700 986 x 392 XOM MAR 19 11 75 0 08 0 09 3 000 69 197 a 24 500 8 x 66 KOM MAR 19 11 80 0 50 0 52 41 800 fak 264 10 11 700 3606 x 50 XOM MAR 19 11 85 4 75 4 95 12 900 130 x 478 fa DU 849 x 99 XOM APR 16 11 72 5
145. ommon stock or gain some element of protection limited to the amount of the premium less transaction costs from a decline in the value of that underlying stock Crack Spreads The spread between crude oil and its products heating oil and unleaded gasoline plays a major role in the trading process Credit spread Applies to derivative products Difference in the value of two options when the value of the option bought is less than the value of the one sold One buys a credit Spread CUSIP The number assigned by the Committee of Uniform Security Identification Procedure that appears on all securities documents Each security is given a number so that it is easily identifiable Cyclical stocks Stocks whose success is closely linked to the rise and fall of the general economy Automobile companies are cyclical stocks D Daily Range The difference between the high and low price during one trading day Day order An order to buy or sell a stock at a specific price but expires at the end of the day if not fulfilled Dead Cat Bounce A rebound in a market that sees prices recover and come back up somewhat Debit Spread The difference in value of two options where the value of the long position exceeds the value of the short position Deep in the Money A deep in the money call option has the strike price of the option well below the current price of the underlying instrument A deep in the money put option has the strike price of the opti
146. on in your start menu To launch the program double click on the Blackwood Pro icon on your desktop Blackwood Pro Control Window The first window to launch is the Blackwood Pro Control window This is the primary window of the application for connecting configuring monitoring and controlling your experience The control window contains a quick launch bar a tabbed tool bar ribbon control a status bar and a center section that may be used to dock windows if docking is enabled Details on each tab of the toolbar are provided below Getting Connected The first tab of the toolbar ribbon is the Connect tab This tab allows you to Connect Disconnect from the platform The connect window allows the entry of username and IP address Normally you will not need any additional settings unless directed by Support to change them in the settings window el DN LN D KE Blackwood Pro Connect Windows settings Open windows Style ri User Name By DEMO LInput 0 00 _ IP Address 10 100 10 10 CPU e Connect Account Disconnected 08 31 10 Bw D E Pi 10 100 10 10 After entering user name press the Connect button Login K o User Name BWDEMU connect Password HUTT Ok Cancel Enter your USER ID and PASSWORD Click the OK button 2011 PacMid Technologies LLC Page 6 Blackwood Pro Manual After successfully logging in the following information is displayed on the Control Panel Ka To Lo
147. on well above the current price of the underlying instrument Diamonds An index fund tracking the 30 Dow stocks Diversification The process of buying securities in different investment types industry types risk levels and companies in order to reduce the loss from a possible company local or industry local loss of business Dividend yield The yield found by dividing the annual dividends per share by the price per share an indication of the income from a share of stock Dividend A portion of a company s profit that is paid to stockholders Dogs of the Dow An investment strategy where investors buy the 10 Dow stocks with the highest dividend yields and hold onto them for a year Dollar cost averaging DCA A system of buying securities at regular intervals using a fixed amount of cash over a considerable period of time regardless of the prevailing prices of the securities DCA protects against the risk of losing a sum of money invested all at once at an inopportune time e g right before a price drop Double Bottom The price action of a security or market average where it has declined advanced two times to the same approximate level indicating the existence of a support resistance level and a possibility that the down ward upward trend has ended Double Top See Double Bottom A price pattern seen on a chart The patterns occurs when prices rise to a resistance level on significant volume retreat to a support level and subsequent
148. or un attach the order for the selected symbol 3 Trailing Stops List When symbols are entered and added via the Add Remove Symbol area above they then appear in this list It is from this list that orders are attached for trailing The data columns displayed in this area may be customized to user s preference See right click menu options settings select columns Right Click Menu Show Trailing Stop Details Un checking Show Trailing Stop Details this hides the Add Delete symbol area New Symbol New Symbol Moves your cursor focus to Delete symbol the Add Symbol window Buy to Basket Delete Symbol Deletes selected symbol Sell to Basket from Trailing Stops List S Save Trailings List Buy Sell to Basket Places all selected Fe EE positions into a Basket Order Entry window J see Basket Order Entry Settings Select Columns Save Trailings List Choosing this allows E EE the trader to save all the symbols in the Trailing Stops list for future na eer use Sort on Header Click Load Trailings List Choosing this allows the trader to load Hide Header Display previously saved Trailing Stops lists Show Horizontal Lines Settings See Settings Menu Always on Top Keeps the window on top of all other windows vw Show vertical Lines 2011 PacMid Technologies LLC Page 95 Blackwood Pro Manual Settings Select Columns Selecting this will open a Columns Picker window whi
149. ort on Header Click Allow the user to sort data by clicking on column headers Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked Drag and Drop Allows user to left click hold and drag items into the window when checked Real Time Sort When this is selected the Stock Sorter will automatically arrange the order of the stocks displayed on the list based on real time data 2011 PacMid Technologies LLC Page 56 Blackwood Pro Manual Bring MM to Front Selecting this will bring any Market Maker windows that are linked to the Personal Stock Sorter to the front of any other windows that may be covering them Highlight Entire Row When this is selected the color indicating tick direction will be displayed on the entire row When this is un checked the color indicator will only display on the Last column Flash Last Print Selecting this will cause the price in the Last column to flash with every print Narrow Row Height When this is selected the rows will be narrowed allowing for a more compact display Show Scroll Bars When this is selected the Personal Stock Sorter window will display scroll bars Show Last Vol x 100 When this is selected the Last Vol last print volume will be displayed as the whole number For example if t
150. out fonts are synthesized if necessary Non Antialiased Font is never antialiased that is font smoothing is not done Antialiased Setting for smoothing out jagged lines in Blackwood s graphical computer output Clear Type Attempts to improve the appearance of text on certain types of computer display screens by sacrificing color fidelity for additional intensity variation This trade off is asserted to work well on LCD flat panel monitors Clear Type Natural TBD Blackwood Font is Global Selecting True assigns the font selected above to all Blackwood Pro windows 2011 PacMid Technologies LLC Page 25 Blackwood Pro Manual Market Tab This window can be accessed by clicking Settings at the top of the Blackwood Pro Control panel and then clicking the Market tab The Market Tab provides custom options for the Market Maker window 2011 me S onnections Defaults __Keybe ard Lays Market P El Price Level Level Group Size U Q00000 Level Group Basis U 000000 Precision 2 ECH Display ECH INET Group Size U 000000 Type Full Price Preference Use Preference by Size False Preference by MM List Display Quotes Display Regional Trades Display Regional Quotes Display Only ECH After Close Display L1 as MM Best Price Display Only ECH Before Opening Display E CN Prints in Extended Market Last Print only from Primary Exchanges Preferences Clear Box Enable Click Eritry Aight
151. ove studies individually or remove them all at the same time 2011 PacMid Technologies LLC Page 130 Blackwood Pro Manual Time amp Sales Time amp Sales windows may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Time amp Sales from the dropdown menu Blackwood allows the opening of multiple Time amp Sales windows The Time amp Sales window displays all current trade information for a stock including Exchange Price Size Bid and Ask Time and Sales SPY O Z Date 3 16 2011 sl Time BEES Go Showlurrent Uk Time Evo Price SIZE Bid ASK SIZES PE Ee 125 61 12064 20x30 19 01 00 FSE 125 61 12063 20x 19 01 00 PSE 12562 100 EVO I eS f 125 60 125 63 AUS 19 00 57 NAS 125 60 12062 AU 19 00 57 NAS 125 60 125 62 4x 19 00 55 NAS 12558 12562 bix 19 00 55 NAS 12558 12062 60x30 19 00 53 NAS 12558 20000 19 00 53 NAS 12558 1500 19 00 53 NAS 125 58 12560 20x29 19 00 53 NAS 175 58 12560 15x29 19 00 53 NAS 125 58 100 19 00 53 NAS 125 60 100 gt gt Symbol Box Type a stock symbol here and hit Enter on keyboard and the TOS for that stock will load Symbols will also load automatically into this box if you have the TOS linked to a Market Maker or Personal Stock Sorter window gt Date Select the drop down arrow and choose a month and day to see historical data After selecting the month and day enter a time and then hit the Go butto
152. own as the front month Spot Prices Same as cash price the price at which a commodity is selling at a particular time and place Spread The difference between the bid purchase and ask Sell prices Spread option position A position consisting of the purchase of one option and the sale of another option on the same underlying security with a different exercise price and or expiration date Standard amp Poor s 500 Index S amp P 500 A well known value rated index of 500 major US companies 400 industrial firms 20 transportation firms 40 utilities firms and 40 financial firms Blackwood Pro symbol is SPX Stock An investment that represents partial ownership of a company After buying a stock investors will receive a stock certificate and take part in the gains and losses of the corporation Stock option An agreement giving an investor the right to buy or sell a certain stock at a preset price within a specific time period Stock split The splitting or dividing of shares to reduce the price needed for the formation of a round lot To illustrate in a 2 for 1 split when 1 shares splits into 2 an investor would receive one additional share for each he formerly owned Stop limit order An order placed to buy or sell at a certain price or better during a limited period of time Stop loss order An order to sell a stock when its price falls to a specified level Stop order An order placed to buy or sell a designated stock once a desi
153. p stock Large Cap stocks are companies that have a market capitalization of over 5 billion dollars LEAPS Acronym for long term equity anticipation securities which are long term listed options with maturities that can be as long as two and a half years Limit order An order to buy or sell a stock option or other financial instrument at a specific limit price or better Load Commission and fees taken out of investment capital that is the situation in which a front loaded mutual fund takes commission and fees out of investment capital before the money is put to work Long straddle Buying both a put and a call on the same underlying issue Long Term Anticipation Securities LEAPS Long term options M Margin Borrowing money from a broker to buy securities The margin is the amount of money an investor deposits in order to borrow money from the broker The margin must be at least 50 of the total cost of the purchase Margin call A demand for additional funds because margin account equity falls below a required percentage due to adverse price movement Marked to Market At the end of each business day the open positions carried in an account held at a brokerage firm are credited or debited funds based on the settlement price of the open positions that day Market capitalization The value found by multiplying the number of outstanding common stock shares by the share price indicates firm size and total value held in stock Market
154. panel and selecting Order Entry from the dropdown menu Basket Order Entry windows may also be spawned by selecting stocks in either the Positions window of the Trader View or in the Personal Stock Sorter and then selecting Buy Sell to Basket from the right click menu Basket Order Entry BAC BASKET WAME HERE BP ee ec eee Op olen E TERE No 4 Bac n a BANK OF AMERICA CORPORAT Side Destination Type Duration Size Reserwe Lirit Price Stop Price D DR a 1 BUY ALL Submit Pos Size Select All Use Real Time Price yo Price Adjustment C Peset al E Last Lioze Price Adjustment Details Bid Ask Volume Size Reserve Limit Prii Stop Pric Last Symb Tick Side Destination Type Duration Bac BUY SDOT Limit DAY 100 Ol 14 14 14 14 14 15 14 15 14 16 193 835 687 ING t Buy SDOT Limit DAY 100 O 12 00 12 00 12 53 12 00 12 75 2 366 769 IBM t Buy SDOT Limit DAY 100 O 160 20 160 20 160 48 160 20 160 48 5 935 857 cs t Buy SUMO Limit DAY 100 0 162 99 162 99 163 20 163 25 163 48 4 378 426 BP Displays the amount of Buying Power required to execute all the orders in the Basket list Op Open P amp L Reflects the amount of profit or loss currently being incurred from open positions of stocks in the Basket CI Closed P amp L Reflects the amount profit or loss incurred from closed shares of stocks in the Basket No Displays the number of ord
155. pe symbols into this window and then press Enter key to set the symbol into the window Link Button Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows Right click Options Settings Refresh Symbol Always op Top Settings See Settings Menu below Refresh Symbol Refreshes the data being displayed in the window Always on Top Keeps the window on top of all other windows 2011 PacMid Technologies LLC Page 76 Blackwood Pro Manual Book Settings Show Books e ARCA Checking this om H allows the Books window eee eee Miscellaneous to display quotes from te ARCA F EDGA lv Show Symbol the ARCA exchange iw BATS EDGY M Show Size 100 e BATS Checking this iw INET NOE i Show Prints allows the Books window Columns to display quotes from Fill Colors Font the BATS exchange he Show Headers Solid i Use Font Global e INET Checking this iw Use Fined Size Vert Gradient Font verdana 9 pt allows the Books window Horz Gradient to display quotes from the INET exchange Ze Visible True F e EDGA Checking this Ask Ching a ee 2 allows the Books window Prints lan Horz Le Font Verdanal 10 to display quotes from the EDGA exchange Reverse Gradient Color e EDGX Checking this allows the Books window to display quotes from the EDGX
156. pital gain Cash flow per share Earnings after taxes and depreciation divided by the number of a firm s shares CBOT Chicago Board of Trade Charts A display or picture of a security that plots price and or volume the number of shares sold The chart is the foundation of technical analysis and over the years many different types of charts have been developed Closed end fund A type of mutual fund issuing a set number of shares Share prices of closed end funds are based on supply and demand Closed Trades Positions that have been either liquidated or offset Closing tick The net of the number of stocks whose closing prices are higher than their previous trades uptick against the number of stocks whose closing prices were lower than their previous trades downtick A positive closing tick indicates buying at the close a bullish indicator a negative closing tick indicates selling at the close a bearish indicator CME The Chicago Mercantile Exchange Commodity A bulk good such as grain metal cotton and coffee SE 2011 PacMid Technologies LLC Page 141 Blackwood Pro Manual Consumer Price Index The gauge of US inflation Cost Basis The cost of a given share or group of stock shares Cover Purchasing back a contract sold earlier Covered Write Writing a call against a long position in the underlying stock By receiving a premium the writer intends to realize additional return on the underlying c
157. played at one time Use the arrows to the right to adjust quantity Price These windows allow the user to filter stocks based on the per share price of the stock Enter a minimum and or a maximum price in the Min and Max windows provided Price Range These windows allow the user to filter stocks based on the price range the stock has traded in during the selected time span For example If a stock trades from 20 00 to 21 00 during the selected time span the Price Range would be 1 00 Average Volume These windows allow the user to filter stocks based on the Average Daily Volume the stock trades calculated from historical data Enter a minimum and or a maximum Volume amount in the Min and Max windows provided Change These windows allow the user to filter stocks based on the amount of price change the stock has realized during the selected time span Enter a minimum and or a maximum price in the Min and Max windows provided Volume Rate These windows allow the user to filter stocks based on the actual Volume traded during the selected time span Enter a minimum and or a maximum Volume amount in the Min and Max windows provided Exchange e NYSE Check this box to display data for stocks traded on the New York Stock Exchange e NASDAQ Check this box to display data for stocks traded on the NASDAQ e AMEX Check this box to display data for stocks traded on the American Stock
158. price Time Symbol Bid ASK Cross A4 DUU 2200 67 0000 1800 Right Click menu w Show MASDAQ w Show WYSE w Show AMEX Show OTC BE e Show NASDAQ Checking this displays stocks traded on the NASDAQ Exchange e Show NYSE Checking this displays stocks traded on the N Y Stock Exchange e Show AMEX Checking this displays stocks traded on the American Stock Exchange e Show OTCBB Checking this displays stocks traded on the Over the Counter Bulletin Board exchange v Un checking any of the above will filter them out of the display 2011 PacMid Technologies LLC Page 120 Blackwood Pro Manual Indices Bar Window This window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Indices from the dropdown menu Indices B s 4dd Indices No Symbol Link SPX 1 281 87 14 52 Refresh E Linki FCOMPOQ 2 667 33 33 64 Change Font BW rk SP St 1 274 g0 15 60 w Fixed Font Link 3 show 4 Decimals CT Link4 WD Fi 27 246 75 435 25 links CLF 97 356 4 32 ET rk e XRB F 2 8028 0 1597 st in HO F 2 9435 0 1148 E WG F 3 9480 0 0470 E rt 10 F 1 395 70 33 10 FUR AO FX 1 3999 0 0012 The Indices Bar will display all the major indices that monitor the markets The symbology for Indexes is a followed by the symbol For Futures it is the symbol with a Space followed by the month code followed
159. program that separates data signal or information in accordance with specified criteria Float The number of shares currently available for trading Floor Traders Employees of brokerage firms working on exchange trading floors Front Loaded Commission and fees taken out of investment capital before the money is put to work 2011 PacMid Technologies LLC Page 143 Blackwood Pro Manual Front Month The first expiration month in a series of months Front Running The practice of trading ahead of large orders to take advantage of favorable price movement Brokers are prohibited from this practice Fundamental analysis An analysis of stocks based on fundamental factors such as company earnings growth potential etc to determine a company s worth strength and potential for growth Futures contract Agreement to buy or sell a set number of shares of a specific future in a designated future month at a price agreed upon today by the buyer and seller A futures contract differs from an option because an option is the right to buy or sell while a futures contract is the promise to actually make a transaction A future is part of a class of securities called derivatives that derive their value from the worth of an underlying investment G Gap A day in which the daily range is completely above or below the previous day s daily range Good till canceled order GTC An order to buy or sell a stock at a specified price that does not
160. r price e Primary Order prices will reflect the best Bid Ask price quoted on the Primary exchange on which the stock trades e Paythru NBBO Order prices will reflect the National Best Bid or Offer price plus or minus the amount set in the Pay Thru Amount windows see Paythru Amount below 2011 PacMid Technologies LLC Page 33 Blackwood Pro Manual Paythru_ Primary Order prices will reflect the best Bid Ask price quoted on the Primary exchange on which the stock trades plus or minus the amount set in the Pay Thru Amount windows see Paythru Amount below settings x 4 Defaults _Keyboard Layout Market Sweep Tu P Sweep Ware O Smart Sweep El Venue Venue INET TIF IOC Price SHOW Aoutable False EI Venue Venue ARCA TIF IOC Price SHOW EL Routable False EI Venue RAY THALI Venue EDGY ed TIF Ur PRIMARY Price Pay THA Pay THA NBEO Poutable Fabi P rTHAU PRIMARY Yenue4 Yenue5 e Routable When Day is selected in the TIF field these checkboxes become active for selection Checking these boxes allows the order to be routed from the original Venue destination to another Venue Exchange in an effort to fill the order e Post Balance When this box is True any unfilled portion of the order will be posted to the Venue selected in the Venue Window below the checkbox The options for TIF Price and Routable are the same as described above O Post Balance Use Fost Balan
161. rder Manager ECM Book MYSE OpenBook Prints LEM LenS at Connected 10 57 13 BYW D E MiO 10 100 10 10 EA Pre Market Indications Clicking on OPEN WINDOWS arrow v to display the following menu options of all available options security Status Imbalances Price Alerts Trailing Stops Fairs Trading Manager Clicking on OPEN WINDOWS to display the following menu options of all currently open windows Total Moves Up Moves Down Moves Print Mowes Top Volumes Select Window Top Gainers Message Center Chart INDU 5M Chart INDU 3M Chart SP F 5M Glose Windaw s Chart 5P F 3M Chart SPY 5M kadumgdoalellnsde Chart SPY 3M Personal Stock Sorter enter wmdouwlsl Chart Dx F 1M Market Maker T5 Market Maker Chr Personal Stock Sorter FAIRS Market Maker Lak Market Maker UNP Chart POT 1M Chart UNF 1M Chart DO 1M Pairs Trading Manager Chart GC F 1M Personal Stock Sorter Top Losers Top Percent Gainers Top Percent Losers Top Ranges Mewe Highs and Lows Crossed Locked Indices Option Chain Chart al It iF r iE F E E E 2 Ab 7H EN KN Time and Sales Risk Monitor Mews Message Center Instant Message 2011 PacMid Technologies LLC Page 9 Blackwood Pro Manual System Settings Overview The Blackwood Pro system is highly customizable in appearance and in behavior Appearance includes colors fonts fields layout and much
162. related to pessimism Short selling A trading strategy where an investor anticipates a drop in share price and borrows a certain number of shares from a broker The investor then sells the stock and buys it back if the share price drops pocketing the difference from the borrowed price 2011 PacMid Technologies LLC Page 148 Blackwood Pro Manual Simple Moving Average SMA The arithmetic mean or average of a series of prices over a period of time The longer the period of time studied that is the larger the denominator of the average the less impact an individual data point has on the average Small cap issue A company that has a market capitalization between 1 and 5 Billion dollars Specialist A trader on the market floor assigned to fill bids orders in a specific stock out of his her own account when the order has no competing bid order to ensure a fair and orderly market Spiders An index fund tracking the S amp P 500 SPDRs Spiders are designed to track the value of the Standard amp Poors 500 Composite Price Index They trade on the AMEX under the symbol SPY SPDRs are similar to closed end funds but are formally known as a unit investment trust One SPDR unit is valued at approximately one tenth 1 10 of the value of the S amp P 500 Dividends are disbursed quarterly and are based on the accumulated stock dividends held in trust less any expenses of the trust Spot Month In trading the current contract month Also kn
163. rently have a position in e Inside moves Will display any inside moves for the stocks you currently have a position in e All ticks This will show all changes to the stocks you currently have a position in Preference Expiration Time This time in seconds is how long a preference order will try and execute Set to zero will be equal to a day order Commission This is a cents per share which can be calculated into your P amp L on the trader view window 7 Calculate P amp L Allows the user to assign a method of calculating open P amp L 2011 Server P amp L based on server value which will update on last print unless last print is outside of Bid Ask in which case it will give midpoint Bid Ask P amp L based on Bid if long position Ask if short position Midpoint P amp L based on Ask minus Bid divided by two Last Trade P amp L based on last print Check Spread Hunt Algorithm Pay thru Amount Sounds for Executions Hever Route Orders Outside Preferences Calculate Pol Calculate Dud by BidAsk IV Bid Ask E Mdoomt Last Trade PacMid Technologies LLC Page 43 Blackwood Pro Manual Plugin Tab This window can be accessed by clicking Settings at the top of the Blackwood Pro Control panel and then clicking the Plugin tab Settings Display Indices Info E BlackwoodServer2006 Release CLR DirectoryMod pa BW Client Modules Indices BW Menu Tet Indices Depe hdc FETTEN Lev
164. rerrrrsrerrerrrrerrrrerrrrrrrererrsrrrrene 5 Getting Started Blackwood Pro Basics 6 CONTO WOO W asinan aa E ysis ecee cee eetaeesie es 6 LOGGING gif VR 6 7 WindowiNg SY AE 8 ODEN WINDOWS EEN 9 System 5 GLUING GS ee EE Ee 10 Settings Menu Items ccc eee eeeeeeeeeeeeeeeeeeeeeeeeeeeeeaanaaas 11 REESEN geed EE 11 BA EE 13 ele 15 Na EE 16 SOV DOF BEE 21 WY OU EE 23 MONK EE 26 SW CCD EE 31 Be teg E 36 TR Le Tat DEE 39 BC EE 44 Windows Menu Items cece cece cece eens sees eeeeeeeeeeeeeennneegs 46 lee MAK CP eege eege 46 ihe E 52 PE ON WICK TE 53 Personal STOCK TEE 54 WAGE VION seregei seS EE r EEEE E EEEE 58 PEB ee E EE E 69 Bilgelzie vie oera E EE 70 Basket EH ENT Y eege 72 ECN EXCHSNGE BOOK EE 76 IY SE OD CE OOK aorin aa eerie dean ee een er arena renee ean rhage ne eee 78 D glo 80 2011 PacMid Technologies LLC Page 2 Blackwood Pro Manual Pre Market lINGICALIONS EE 83 ld Rn nie e 85 EE 87 PICS AIGIS stunner rene comers eereseeevads dune wee deena tases herent ieee outers 89 TEAMA STOD reer ETE E ES SEAE ane seees 94 Pairs Trading Manag EE 99 Total MOV CS EE 103 lem let 104 OWT OWS Siero tie eden eee ete ees end aga eae ae eee eee es 105 PRG MOV EE 106 TOD te l t 107 NOD Gallin Cl EE 108 TOP et 110 TOD Percentage ET EES 112 TOD Percentage LOS EE 114 TOP RINGE EE 116 New Highs and LOWS EENEG 118 Crossed COCK OO E 120 AICOS EE 121 ODEON Ga CARE 123 EE eege 127 ume ANG EE 131 RISK ele E 133 K NT cu
165. rf Bid of WMT 1 Bid of GT OF IF 51 53 lt OI 1 SYMBOLI 1 Bid of WHT 0 Operator stock Option DS F EL plus rash minus 3 m Ala O minus D 2 idivided by 2 SYMBOLZ 1 Bid of TGT 51 53 Comp Spread Stock Option Times Bid plus Fo Ch ALa ele G Ask B EEN Ka lt Required LC 3 Ge minus dn gt q We E F y Ewaluation True Buy WMT 100 on INET tO ve Sell TGT 100 on INET i Bid 3 ORDER Buy WhT 100 Shares on INET Bid Price Modifier Bid r p i Side Size A Ask oe i p lt e Buy shares Midpoint j sell p Last Destination Asht P OMKT INET 7 4 ORDER Sell TGT 100 Shares on INET Bid Te 22 eee Sa R Zoe gie ol i Side Size up T e ee BCE Ask SEAN i o i JN Shares 2 Midpoint Sell pe amp Last Destination Short MEI INET OF Saye Reload Reset Deals Cancel d 1 Symbol 1 Conditions Stock Symbol Multiplier Bid Ask Last Plus or Minus dollar value Operation to compare with Stock 2 2 Symbol 2 Conditions Stock B A L dollar value Comparing using lt lt gt gt to the reqired spread depending on individual algorithm 3 Order 1 Placing the order for Stock 1 Buy Sell Short Lot Size Price Adjustments Up Down in dollars or percent Destination to route the order of Order 2 For two simultaneous orders
166. rice These windows allow the user to filter stocks based on the per share price of the stock Enter a minimum and or a maximum price in the Min and Max windows provided Price Range These windows allow the user to filter stocks based on the price range the stock has traded in during the selected time span For example If a stock trades from 20 00 to 21 00 during the selected time span the Price Range would be 1 00 Average Volume These windows allow the user to filter stocks based on the Average Daily Volume the stock trades calculated from historical data Enter a minimum and or a maximum Volume amount in the Min and Max windows provided Change These windows allow the user to filter stocks based on the amount of price change the stock has realized during the selected time span Enter a minimum and or a maximum price in the Min and Max windows provided Volume Rate These windows allow the user to filter stocks based on the actual Volume traded during the selected time span Enter a minimum and or a maximum Volume amount in the Min and Max windows provided Exchange e NYSE Check this box to display data for stocks traded on the New York Stock Exchange e NASDAQ Check this box to display data for stocks traded on the NASDAQ e AMEX Check this box to display data for stocks traded on the American Stock Exchange e OTC Check this box to display data for Over the Counter Bu
167. rincipal and the interest are paid at the maturity date 2011 PacMid Technologies LLC Page 151
168. rom a pallet 2011 PacMid Technologies LLC Page 116 Blackwood Pro Manual Top Gainers Settings Time Spar Price Price Range 2 Minutes l 3 Minutes Mm jo Ma o Min o blax o 5 Minutes 10 Minutes Average Volume Change O15 Minutes Walt Man Min 0 Max D C 20 Minutes 20 Minutes 45 Minutes Volume Hate E schange BO Minutes BR EE NYSE NASDAQ in Da ar PJAMEX OTe Stock Count E Cancel Settings Menu Choose Settings from the right click menu to open the Top Ranges Settings filter window Time Span Choose the time span that the window will display data for by clicking the box to the left of the desired interval Stock Count This window reflects how many stocks will be displayed at one time Use the arrows to the right to adjust quantity Price These windows allow the user to filter stocks based on the per share price of the stock Enter a minimum and or a maximum price in the Min and Max windows provided Price Range These windows allow the user to filter stocks based on the price range the stock has traded in during the selected time span For example If a stock trades from 20 00 to 21 00 during the selected time span the Price Range would be 1 00 Average Volume These windows allow the user to filter stocks based on the Average Daily Volume the stock trades calculated from historical data Enter a minimum and or a maximum Volume amount in t
169. s See Settings Menu AlwaysonTop uk Link This allows the Pre Market Indications window to links be linked to other windows Select a color from the Link 4 dropdown list that matches the link bar on the window E Links you wish to link to or select link to all to link to all CT Link 6 linkable windows KE Refresh Refreshes the data being displayed in the EI Links window El Links Always on Top Keeps the window on top of all other Bi Link 10 windows 2011 PacMid Technologies LLC Page 83 Blackwood Pro Manual Settings Menu w Show NASDAQ w Show NYSE Pre Market Indications Columns Picker Settings Select Columns Available Columns selected Columns Change Font Link Refresh Sort on Header Click Always op Top Real time Sort Hide Header Display Show Horizontal Lines w Show Vertical Lines Drag amp Drop K d Select Columns Selecting this will open a Columns Picker window which will allow the data that is displayed in the Pre Market Indications window to be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click Ok to close the picker window and set changes Change Font Opens a window that allows the user to change font
170. s allow the user to filter stocks based on the actual Volume traded during the selected time span Enter a minimum and or a maximum Volume amount in the Min and Max windows provided Exchange e NYSE Check this box to display data for stocks traded on the New York Stock Exchange e NASDAQ Check this box to display data for stocks traded on the NASDAQ e AMEX Check this box to display data for stocks traded on the American Stock Exchange e OTC Check this box to display data for Over the Counter Bulletin Board stocks After making desired settings changes as described above click OK button to apply changes and close the settings window 2011 PacMid Technologies LLC Page 109 Blackwood Pro Manual Top Losers This window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Top Losers from the dropdown menu This window is a real time streaming Market Sorter that displays stocks realizing the greatest losses by dollar value during the selected time span Top Losers DAY O X Settings BRK A 1 570 00 No Symbol Link Change Font Link 1 ASE SNE y Fixed Font Link 2 i Change Background Color WW Links MIFLA S C Link 4 Y TMI 60 92 tinks MCPSA 6 68 EI Link SPH 6 31 E g Link amp SGG 6 27 m CEO 0 00 E Link 10 DZK 3 42 PPLT 2 J0 JIS 3 20 XIV 3 08 P D 3 00 AMG 4 Z0 MII 4 48 UDOV 4 47 BAL 4 37 UCO 4 36
171. s denoted by an x In newspaper listings on that date Exercise The process by which the holder of an option makes or receives delivery of Shares of the underlying security Exit The point at which a trader closes out of a trade Expiration The last day on which an option can be traded Exponential Moving Average The EMA for day D is calculated as EMAp aPRpt l aEMAp_1 where PR is the price on day D and a alpha is a smoothing constant H asl Alpha may be estimated as 2 n 1 where n is the simple moving average length Another form of the formula is EMAp EMAp_jta FRp EMaAp_1 F 52 week high 52 week low The highest lowest price for a stock during the past year Fade Selling a rising price or buying a falling price A trader fading an up opening would be short for example Fair Values The theoretical prices generated by an option pricing model i e the Black Scholes option pricing model Federal Deposit Insurance Corporation A self sustaining independent executive agency established to insure deposits of all US banks entitled to federal deposit insurance as stated by the Federal Reserve Act Federal Reserve Bank The governing central bank of the US Federal Open Market Committee The policymaking committee of the Federal Reserve Bank They meet on a regular basis to make decisions on economic policy Fill An executed order sometimes the term refers to the price at which an order is executed Filter A device or
172. s for Stop False True Nickel Increase Decrease False Cancel Price Alerts on Close False Send D Orders as Extended False Send Preference Orders as DATY True Smart Na True Save Phantom Positions False Send All Orders Hidden False Cancel All Orders on Exit False Cancel All Orders on Reset Kep False Warning for Linked Accounts Ord False Check Odd Lot Orders True keep Reserve False Inside changes Ticker View Hone Inside moves mee All ticks Preference Expiration Time sec 0 Commission share U 000000 Cancel All Orders on Reset Key When marked True your Cancel all Orders key will be mapped as your reset key PacMid Technologies LLC Page 42 Blackwood Pro Manual Warning for Linked Accounts Orders This feature is only for risk managers and or those who have access to a linkable account When marked True and the order is sent for an account that is not primary a confirmation message will appear Check Odd Lot Orders When marked True Blackwood platform will split your odd lot position into two orders one round lot and one partial lot Keep Reserve Feature is currently disabled Ticker View This setting will display the following information in your Ticker Window e None Will display only reject messages position open and closed messages and UR Out cancel messages All ticker choices will display this same information e Inside changes Will display any inside changes for the stocks you cur
173. s price and size on the Stop order keys Use Quick Lot Keys For Stop Allows the quick lot keys under Keyboard to be used with the Stop box orders True Nickel Increase Decrease When marked True the price will increase decrease by a nickel Cancel Price Alerts on Close This will cancel any orders you have configured in the Price Alerts box when closing Blackwood Send Preference Orders as Day All Preference orders will have a TIF Time in Force of Day Smart NX A Direct order that is submitted for execution is checked by the system to see if it is eligible for Direct Orders that are not are sent as a normal limit order will not use the Direct designation NYSE rules state that a stock is only eligible for Direct on the same side every 30 seconds Save Phantom Positions When marked True your phantom positions will be saved as part of your layout A phantom position is a 1 share position that is displayed on your ticker window Send All Orders Hidden When marked True any order that is eligible as a hidden order will be sent Hidden Cancel All Orders on Exit When marked True and Blackwood is closed all open orders will be canceled prior to Blackwood closing down Settings x d da Layout L Market i Sweep L Trader Keys Trading b Check Spread Hunt Algorithm Pay thru Amount Sounds for Executions Hever Route Orders Outside Cl Preferences Switch BuySell Orders False Switch Stop PriceSize False Use Quick Lot Rev
174. se size by pre set increments See Settings Defaults Increment Values Reserve Enter the number of shares being held in reserve or hidden from view on the limit order books Use the arrows to the right of the window to increase decrease size by pre set increments See Settings Defaults Increment Values Limit Price Enter the price of the order when Limit Orders are placed Use the arrows to the right of the window to increase decrease price by pre set increments See Settings Defaults Increment Values Stop Price Enter the price of the order when Stop Market Orders SDOT only are placed Use the arrows to the right of the window to increase decrease size by pre set increments See Settings Defaults Increment Values Buy Sell Short Button Click this button to send the order Scale The windows in this area allow the user to send multiple orders up to 10 with limit prices at pre set intervals for the same stock For example A Limit order is prepared to Buy 100 shares of AMD at 14 00 with the Scale set at x 4 and set to 02 In addition to the order to buy 14 00 4 additional orders for 100 shares each will also be sent with prices of 14 02 14 04 14 06 and 14 08 2011 PacMid Technologies LLC Page 71 Blackwood Pro Manual Basket Order Entry Window The Basket Order Entry window may be opened by clicking Windows at the top of the Blackwood Pro control
175. se the dropdown menu to the right of the words Ticker View to select one of the following options See Settings None When selected the Personal Ticker window will not show any messages Inside Changes When selected the Ticker window will display any inside changes for the stocks you currently have on the ticker list Inside Moves When selected the Ticker window will display any inside moves for the stocks you currently have on the ticker list All Ticks When selected the Ticker window will show all changes to the stocks you currently have on the ticker list Right Click menu Change Font Selecting this opens a window that allows the user to change the font style and size Fixed Font This will keep the font at the same size when expanding or shrinking the market maker window 2011 PacMid Technologies LLC Page 53 Blackwood Pro Manual Personal Stock Sorter Personal Stock Sorter windows may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Personal Stock Sorter from the dropdown menu Blackwood allows the opening of multiple Personal Stock Sorter windows The Personal Stock Sorter window allows traders to create watch lists of multiple stocks A wide array of data elements are available for display and stock lists may be saved for future use This window also facilitates the placing and canceling of orders for stocks in the sorter
176. set changes Select Columns Selecting this will open a Columns Picker window which will allow the data that is displayed in Available Columns Selected Columns the Personal Stock Sorter to be customized to the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click Ok to close window and set changes Show Grid Lines Selecting this will display or hide the vertical and horizontal grid lines in the data window Hide Exchanges Selecting this Cancel button will allow you to enter each Exchange that you do not want to display in the data window There is a limit of 20 entries Time and Sales Columns Dicker 2011 PacMid Technologies LLC Page 132 Blackwood Pro Manual Risk Monitor The Risk Monitor may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Risk Monitor from the dropdown menu This window is used to monitor the accounts or branches that are the responbsibility of the Risk Manager or Branch Head The window displays Profit and Loss P amp L Exposure Option activity and the Requirements for the positions held by the account By setting the Branch filter to All the Risk Monitor Window will display all of the accounts that the user has permission to
177. sket amp Pair Trading VVVVV VV V Blackwood Pro CX Open Windows Style 7 wax VISAING E3 N RE C Eo ERED ERR EE KSE i SEH 72 62 72 62 72 62 72 62 72 62 72 62 72 62 an ee ae Market Maker Y f Ge lt B f2 02 28 INET 25 NYOB 2BATS 1EDGA 1 CIN 1 ARCA 1 EDGX 23 NYOB 6 INET 4 ARCA 2 BATY 2BATS 2 EDGA 1BOS Total Shares 12 BATS 8 INET 7 NYOB 7 ARCA 5 EDGX 5 NYOB 2 EDGA 2 BATY 1TARCA TINET 72 63 72 63 72 63 72 63 72 64 72 64 72 64 72 64 72 64 Ej Click Entry Two Sided Trade Entr Destination Price Stop Price BEM fT Peg 4mount X fo Order Type TIF GG GSE GAVE cov Limit NYSE OpenBook Symbol VOo B MMID Bid d Size Ox 84 Reserve 7 x 102 52 x 113 4x 427 Y ax we xX Size MMID Ask Size NYOB Bel 23 NYOB 72 64 0 53 10 20 KK YWAP 13 4539 130 4894 25 7525 584 4790 159 7937 63 7535 Blackwood Pro Manual About this Manual This document describes the Blackwood Pro software and its features Blackwood Pro is a direct access equities trading system that facilitates NASDAQ NYSE and AMEX stock trading through ECNs market makers and exchanges Blackwood Pro provides single order entry NASDAQ Level and Il information position and trade details account statistics ECN trade information and top market mover information The system provides a window for messages and status on all actions taken by the trader Blackwood
178. splayed in P amp L Bar GE window to be customized to the trader s lt 4 7 CPL Tot Pr wil preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click Ok UK Cancel to close window and set changes Change Font Opens a window that allows the user to change font style and size Click Ok to close window and set changes Fixed Font Checking this will keep the font size when re sizing the window Change Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet Always on Top Keeps the window on top of all other windows 2011 PacMid Technologies LLC Page 69 Blackwood Pro Manual Order Entry Window The Order Entry window may be opened by clicking windows at the top of the Blackwood Pro control panel and selecting Order Entry from the dropdown menu Order Entry windows may also be order Entry SPY L 0X spawned automatically by double spy D SPDR S amp P 500 clicking in the Level II area of Market Maker windows or by double clicking SES B 131 20 A a symbol in the Personal Stock Sorter Gl 141 45 lo 1430 27 H 141 27 window Real Time Prices Use Real Time
179. style and size Click Ok to close window and set changes Sort on Header Click Allow the user to sort data by clicking on column headers Real time Sort When this is selected the Pre Market Indications will automatically arrange the order of the stocks displayed on the list based on real time data Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked Drag and Drop Allows user to left click hold and drag items into the window when checked OF Cancel 2011 PacMid Technologies LLC Page 84 Blackwood Pro Manual Market Imbalances The Market Imbalances window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Market Imbalances from the dropdown menu The Market Imbalance window displays stocks that have an imbalance of remaining Buy Sell Market on Close Orders that are not matched for execution Imbalances alae Symbc Init Time Init Imb Curr Imb Yolume Din Vol Paired Yol Ref Price Clr Price CO Price Reg Imb MRK 15 45 00 359 300 14 100 11 676 461 0 12 343 300 2 32 08 32 6093 99 300 RT 15 45 00 28 5900 16 700 2 696 272 0 63 82 200 31 02 31 02 D 0 LI 15 45 00 84 000 10 600 16 676 632 0 06 221 200 6 74 6 74 DU 84 000 PRU 15 49 00 31 600 2000 6 446 721 0 02 134 1
180. t Asset Value NAV The price per share for a mutual fund The NAV calculated at the end of each business day is found by dividing the fund s assets by the number of shares outstanding New York Stock Exchange NYSE The largest stock exchange in the U S located in New York City Also known as Wall Street this stock exchange carries stocks of well established companies on its trading floor O Odd lot A lot that is less than 100 shares or less than a round lot Open ended fund A mutual fund issuing as many shares to fit investor demand Most mutual funds are open ended and trade like stocks after the shares are issued Opening Range The range of prices that occur during the first 30 seconds to five minutes of trading depending on the preference of the individual analyst Options analytics the following analytics for stock options e delta the amount by which the price of an option changes fore every dollar move in the underlying instrument Also called the hedge ratio Applies to derivative products Measure of the relationship between an option price and the underlying futures contract or stock price A call option with a delta of 50 will rise a half point in premium for every dollar that the stock goes up As options near expiration in the money call options approach a delta of 1 0 while in the money put options approach a delta of 1 e gamma the degree by which the delta changes with respect to changes in the underlying
181. th Price Level Text S22 SS ie SSS S Siig al al Set se CH CH d d 2 2 j CD 4 INET Foreground BATS Foreground ARCA Foreground MM Indications Backs ong Position elow Bid Print Background hal ed Background Selected MM Window Back NYSE Background PacMid Technologies LLC Color Scheme shange Lalor awe to lustonm Color Scheme Custom ECN Color Scheme Custom z Apply Page 15 Blackwood Pro Manual Defaults Tab This window can be accessed by clicking Settings at the top of the Blackwood Pro Control panel and then clicking the Defaults tab El Size Lot May Lot Reserve Increment Yalues Size Price Duration Use Duration True Duration Dar Yenues Selection Selected 4yailable ARCAINET BATS SDOT EDia Order Strategy Listed DI NASDAQ Cover Strategy Listed DI NASDAQ Custom Size Preferences keep Lot Size on Order Box keep Lot Size on New Symbol Order Entry Aggressive BuySell Style Order Entry Clear Box Cancel Apply 2011 PacMid Technologies LLC Page 16 Blackwood Pro Manual i Size Lot Size Reflects the default lot size number of shares that will be automatically populated into the size field of order windows when they are initially opened Max Lot Reflects the maximum size that will be allowed in any of the order windows Reserve This window displays the number of shares being held in reserve or hidden from vie
182. the Level II Bid Ask columns e Position Line Checking this will show a position line in Level II to reflect your average price of current position e Order Box Position e Bottom When selected order boxes generated by the use of assigned box order keys will appear at the bottom of the Market Maker window e Top When selected order boxes generated by the use of assigned box order keys will appear at the top of the Market Maker window as opposed to the default bottom display 2011 PacMid Technologies LLC Page 49 Blackwood Pro Manual Fon Above When selected order boxes generated by the use of assigned box order keys will appear above the Market Maker window as opposed to the default bottom display Level Show Labels When checked will show field headers for Level Fit Text Inside When checked all Level fields will be adjusted to fit the view of the Market Maker Fit Symbol Name When checked the full company name will be displayed in MM Font Clicking this spawns a window that allows the user to change the font used in the Market Maker window Select the font type style and size by clicking the desired choice in the list windows The Sample window shows what the font looks like After making desired selections click OK to set changes and exit selection window or Cancel to exit without making changes Level Show Headers When checked Level II column hea
183. the symbol shown in the symbol window to the Trailing Stops list e Delete To remove a stock from the alert list click on the symbol in the list to select it the click Remove button to remove it e Reset Clicking this button resets Max Price back to Base price 2011 PacMid Technologies LLC Page 94 Blackwood Pro Manual 2 Order Details Orders may be attached to Trailing Stops causing orders to be automatically sent when the criteria is triggered Click the arrow kl to expand the window to display the Order Entry interface Click the arrow V to collapse the Order Entry interface e Side Select whether the order will be to Buy Sell or Short e Destination Select exchange venue the order will be sent to e Type Select the Order type such as Limit Market etc e Duration Select the duration of the order e Size The number of shares being ordered e Reserve The number of shares being held in reserve or hidden from view on the limit order books e Limit Price Enter price of the order when Limit Orders are placed e Stop Price Enter price of the order when Stop Market Orders are placed e Use Trigger Price When this box is checked enter the amount you wish to add or Subtract from the Trigger price before the order is sent e Attach Order Click this button to attach the order that will go out when the trailing stop is triggered e Remove Order Click this button to remove
184. the trader s preference Use the arrows between the Available Columns and the Selected Columns to choose the data to be displayed Use the arrows at the right side of the picker window to change the order in which the data is displayed Click OK to close the picker window and set changes Change Font Opens a window that allows the user to change font style and size Click Ok to close window and set changes Sort on Header Click Allow the user to sort data by clicking on column headers Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Show Vertical Lines Displays lines between vertical columns when checked Drag and Drop Allows user to left click hold and drag items into the window when checked Page 86 2011 PacMid Technologies LLC Blackwood Pro Manual Security Status The Security Status window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Security Status from the dropdown menu This window displays stocks that either have a delayed opening or are halted throughout the trading day Security Status E amp Symbol Prev Time Curr Time Prev Status Curr Status Halt Condition ADIKIH 06 51 17 Trading Halt ACMI 08 51 33 Trading Halt DChNhMO 06 51 45 Trading Halt DSYT 06 51 59 Trading Halt ECTA 06 52 11 Trading Halt FILK 09 40 00 09 45
185. tock lists 2011 PacMid Technologies LLC Page 55 Blackwood Pro Manual Load Stock List Selecting this allows the user to load previously saved stock lists To load a list browse to It using the Open window After locating the saved list select it by left clicking then click the Open button Save Default Settings Selecting this saves the current layout of the Personal Stock Sorter Window Load Default Settings Selecting this loads and applies a previously saved layout of a Personal Stock Sorter window to a newly opened Stock Sorter window Always on Top Keeps the window on top of all other windows Settings Menu The settings menu may be accessed by right clicking anywhere in the Personal Stock Sorter and then selecting Settings The following options are available in the Settings menu Auto Add to Sorter Selecting Bo Auto Add to Sorter this will automatically add any symbols typed into a pall Market Maker window into the Personal Stock WT EES CT No Symbol Link Sorter o M Linki Auto Add Executions Selecting this will Select Columns D uk automatically add execution info into the Personal Senge ony D links Stock Sorter IER Cele Ee E Link4 Add Label Selecting this allows the user to apply a Sort on Header Click El Links custom label to the title bar at the top of the Hide Header Display EI rk Personal Stock Sorter window After selecting this Show Horizontal Lines Link 7 funct
186. try window see Basket Order Entry Show Closed Positions Checking this will allow closed positions to be displayed When this is Un checked only open positions will be displayed Show Positions with MOC Shows position that are net with opposite MOC order It assumes the MOC will get filled Open Orders e Show Open Orders When checked will include open oprders below a current position e Show Tree for Open Orders Function is currently not available Settings see Settings Menu above 2011 PacMid Technologies LLC Page 66 Blackwood Pro Manual All Tab When this tab is selected the Trader View window will show all data pertaining to Orders Executions Cancels and Positions all in one window The data columns available for display on the Positions tab are Trader Yiew BP EI Shares Perel Closed PRL Exposure hee Open Shares Open P amp L TrueNetExp OCCReg Acc Equity Time Symbol Side Size Exec Siz Price Exec Prii Contra Order Tir OrderID Trade PE Total P amp Stop Pr Pos Sizi Type a Cancel Order Executions Positions All Locate Green Executed order Red Canceled order White Open order Yellow Partially filled order Time Time the trade was executed or cancelled Symbol Symbol of the stock Side Indicates whether the execution order cancel was to Buy Sell or Sell Short Size The amount of shares ordered cancelled Price Specific Price of the order th
187. ttings See Settings Menu above Settings P Select Columns Change Font Change Colors Link H w Show Order Summary Sort op Header Click Hide Header Display Show Horizontal Lines Show Vertical Lines Drag amp Drop Show d Decimals in Price Copy to Clipboard Linked Symbol On Top Real time Sort Show Filter Bar 2011 PacMid Technologies LLC Page 62 Blackwood Pro Manual Cancels Tab When this tab is selected the Trader View window will show all pertinent data pertaining to Canceled Orders The data columns available for display on the Cancels tab are Trader View ae BP _ Exposure SEL Open SI Time Symbol Side Price Conta Order Time OrderID 10 25 29 100 131 90 AFETA 10 24 23 1024007604 11 40 17 131 76 AFTA 11 40 05 1140000184 11 40 17 1140000234 11 40 11 SELL 100 SPY 131 6600 ARCA 11 40 17 UR OUT Canceled SELL 100 SPY 131 6600 ARCA Orders e Executions i Cancels L Positions All e Locates Time Reflects the time the order was cancelled Order Time Reflects the time the order was sent Side Indicates whether the order that was cance
188. ue orders for Listed on the New York Stock Exchange stocks will be automatically populated with the Destination shown in the window below Use the dropdown arrow at the right side of the window to select the desired order destination Se Tongs A arket Colors E a DHEAe Size Increment Yalues Duration Venues Selection Order Strategy El Listed EI Destination Use Destination False Destination SOOT El Order Type Use Order Type True Order Type Lirnit EI NASDAQ EI Destination Use Destination False Destination El Order Type Use Order Type False Order Type Lirnit e Order Type When this box is True orders for Listed on the New York Stock Exchange stocks will be automatically populated with the Order Type shown in the 2011 PacMid Technologies LLC Page 18 Blackwood Pro Manual window below Use the dropdown arrow at the right side of the window to select the desired Order Type e NASDAQ e Destination When this box is True orders for stocks traded on NASDAQ will be automatically populated with the Destination shown in the window below Use the dropdown arrow at the right side of the window to select the desired order destination e Order Type When this box is True orders for NASDAQ stocks will be automatically populated with the Order Type shown in the window below Use the dropdown arrow at the right side of the window to select the desired Order Type 6 Cover Strategy The defau
189. user to sort data by clicking on column headers Real time Sort When this is selected the Stock Sorter will automatically arrange the order of the stocks displayed on the list based on real time data Hide Header Display Hides column headers when selected Show Horizontal Lines Displays lines between horizontal row items when checked Risk Monitor Available Columna Trader ID Entity Branch Description 1 Upen Orders Cancels Opt Exp Short Opt Exp Long Exp Short Exp Net Exp Options Long Exp MOC Short Exp MOC Net Esp MOC Max Exp Mas Exp Time House Hen House Reg Type OCC Req Mas OCC Reg May OCC Time OCC Ratio May OCC Ratio Maul IT Habolm Ep Ratio Mas Exp Ratio Mast pR atioT inn True Exp True Long Exp True Short Exp True Net Exp jExcess BP Columns Picker Selected Columns Opening Equity EP Exposure an Closed P amp L Open P amp L es Shares Open Shares Show Vertical Lines Displays lines between vertical columns when checked Drag and Drop Allows user to left click hold and drag items into the window when checked Customize Filter Function currently not available Dynamic Customized Filter Allows you to sort by typing in filter field in real time e Show Filter Bar Displays column headings allowing custom search criteria wildcards accepted Page 134 2011 PacMid Technologies LLC Blackwood Pr
190. uyer to sell stock at a specified price within a specified period of time 2011 PacMid Technologies LLC Page 147 Blackwood Pro Manual Q Quick ratio Indicator of a company s financial strength or weakness Calculated by taking current assets less inventories divided by current liabilities This ratio provides information regarding the firm s liquidity and ability to meet its obligations Also called the Acid Test Ratio R Range The difference between the high and low price during a given period Real Estate Investment Trust REIT A publicly traded association which pools investors money to purchase a variety of real estate related investments such as office buildings shopping centers medical facilities and hotels Real rate of return The percentage of return on an investment over one year after adjustments for inflation or deflation Regional stock exchanges Organized national securities exchanges located outside of New York City and registered with the SEC They include the Boston Cincinnati Intermountain Salt Lake City dormant owned by COMEX Midwest Chicago Pacific Los Angeles and San Francisco Philadelphia Philadelphia and Miami and Spokane local mining and Canadian issues non reporting trades Stock Exchanges Resistance A price level at which rising prices have stopped rising and either moved sideways or reversed direction usually seen as a price chart pattern Resistance Line On a chart a l
191. view Risk Monitor Jet Trader Login Account Ac Equity BP Exposure Net Exp Total P amp Open P amp L Shares Open Shares OCC Req OptExp 150 709 80 000 000 364 000 364 000 14 049 14 049 6 000 350 000 54 600 0 134 253 10 000 000 277 160 277 160 10 665 10 665 500 266 500 41 574 0 24 622 500 000 130 545 130 545 8 388 8 219 21 500 57 000 19 580 0 731 274 4 861 799 19 840 18 160 7 720 6 450 78 362 1 030 5 649 840 22 591 3 000 000 0 0 6 825 0 79 518 0 0 0 73 185 3 250 000 712 648 303 720 6 575 1 205 57 489 43 370 125 273 0 95 778 1 000 000 792 893 289 395 6 358 6 358 0 32 688 221 054 17 506 3 802 3 500 000 0 0 6 074 0 32 100 o 0 0 71 523 2 500 000 0 0 4 835 0 231 384 0 0 0 28 882 2 000 000 130 967 36 379 4 777 369 55 510 10 394 19 630 0 12 106 310 000 301 407 301 407 4 593 4 593 0 81 911 45 099 0 17 098 750 000 0 0 4 561 0 29 760 0 0 0 25 920 3 500 000 0 0 4 523 0 91 772 0 0 0 15 355 6 000 000 0 0 4 489 0 40 646 0 0 0 122 186 5 000 000 890 283 171 269 4 379 1 732 107 559 39 845 359 137 0 594 723 1 440 000 712 262 712 262 3 910 3 910 200 21 882 91 232 11 640 124 234 2 500 000 58 889 58 889 3 606 148 101 840 2 900 8 831 0 17 771 5 000 000 0 0 3 417 0 59 494 0 0 0 17 540 800 000 264 698 264 698 3 373 1 308 81 036 56 336 49 053 0 85 041 2 500 000 0 0 3 323 0 223 508 0 0 0 94 190
192. w to display prints from the INET exchange Miscellaneous e Show Stock When this is checked the window will display the symbol window and link button at the top of the window e Scroll Down Checking this causes the data in the Prints window to scroll downward e Background Color Selecting this opens a window that allows the user to change the background color of the window by selecting a new color from a pallet Use Filter When checked will allow custom filters by following options e Symbols Filter stocks by All Only Except e MMID Filter ECNs by All Only Except e Size Filter by size in shares e Price Filter by price in dollars e Exchange When this is checked the Prints Window will display the exchange at which the print was executed Columns e Show Headers When checked Prints window column headers will be displayed e Use Fixed Font Checking this will keep the font size when re sizing the window Fill Colors e Solid When selected custom solid color will be displayed e Vert Gradient When selected custom vertical gradient color will be displayed 2011 PacMid Technologies LLC Page 81 Blackwood Pro Manual e Horz Gradient When selected custom horizontal gradient color will be displayed Font e Use Font Global When checked the selected font in Settings gt Layout Tab is used e Font Selecting this opens a window that allows the user to change the font style a
193. w may be opened by clicking windows at the top of the Blackwood Pro control panel and selecting Ticker from the dropdown menu Ticker we EL amp The Ticker window may be used to view tick data for all stocks currently held in positions This window will also display important messages about executed and cancelled orders as well as order rejection messages The data displayed in the Ticker window can be selected by clicking on the word Settings at the top of the Blackwood Pro login window and then clicking the Trading tab Use the dropdown menu to the right of the words Ticker View to select one of the following options See Settings Ticker View Hone Inside changes Inside moves All ticks None When selected the Ticker window will only show rejection messages open and closed position messages and UR Out cancel messages Inside Changes When selected the Ticker window will display any inside changes for the stocks you currently have a position in Inside Moves When selected the Ticker window will display any inside moves for the stocks you currently have a position in All Ticks When selected the Ticker window will show all changes to the stocks you currently have a position in Split Window Bottom portion of the ticker window will display any system messages These can be specific to your account as shown above when reaching a risk setting or
194. w on the limit order books that will be automatically populated into the Reserve field of order windows when they are initially opened Increment Values Se tings d i Baske i Colors Connections Defaults Keyboard V Size H Increment alues HI Size Small 100 Big 1000 Custom 0 HI Price Small 0 010000 Big 0 050000 Custom UO Size e Small Reflects the amount of change that will be effected by clicking the small arrows located on the right side of the Size fields in order windows For example If this value is set at 100 clicking the small up down arrows will increase decrease size by 100 shares e Big Reflects the amount of change that will be effected by clicking the large arrows located on the right side of the Size fields in order windows For example If this value is set at 1000 clicking the small up down arrows will increase decrease size by 1000 shares e Custom Reflects the amount of change that will be effected by clicking the hotkey assigned in Keyboard Tab in MM windows For example If this value is set at 2000 clicking the Increase Decrease Size to Next Custom will increase decrease size by 2000 shares Price e Small Reflects the amount of change that will be effected by clicking the small arrows located on the right side of the Price fields in order windows For example If this value is set at 01 clicking the small up down arrows will increase decrease price by 01
195. window To send a message right click inside your risk monitor select either e Send Message to Available to send IM to a selected trader e Send Message To Current View Allows to send messages to multiple accounts in current view in Risk Monitor e Send Broadcast Message For admin users to send global broadcast to traders Instant Message To ADMIN From BWIDEMU 2011 PacMid Technologies LLC Page 139 Blackwood Pro Manual Appendix A Glossary A After hours trading Trading done after the market closes at 4 00pm Eastern Standard Time All or none order AON A limited price order that can only be executed in its entirety or not at all American Depository Receipts ADRs Shares of foreign companies listed on U S exchanges trading in U S dollars American Option An option that may be exercised at any time up to and including the expiration date Ask The price at which a holder of a financial instrument is willing to sell Assignment The receipt of an exercise notice by an options seller writer that requires the writer to sell in the case of a call or purchase in the case of a put the underlying security at the specified strike price At the money An option is said to be at the money if its strike price is equal to the market price of the underlying stock or index For example if IBM stock is trading at 90 then the IBM 90 option is at the money Balance sheet A firm s financial statement th
196. window to increase decrease price by pre set increments See Settings Defaults Increment Values Stop Price Enter the price of the order when Stop Market Orders SDOT only are placed Use the arrows to the right of the window to increase decrease size by pre set increments See Settings Defaults Increment Values Buy All Sell All Short All Submit All Button Clicking this button will send orders for ALL stocks on the Basket List Buy Sell Short Submit Button Click this button to send the selected orders Pos Size Clicking this button will automatically set the Size of all orders to match the size of positions held in that stock This is convenient when preparing Basket Orders intended to cover all open positions Select All Click this to select all stocks in the Basket list Changes made to any of the order details will take effect on all stocks selected The label on these buttons will vary depending on whether all the orders selected are on the same Side or not For example if all selected orders are to Buy the button will say Buy etc If there are orders on various sides selected Some Buy and some Short etc the button will say Submit Submit All Price Adjustments Real Time Prices When this box is checked the Limit Price and Stop Price fields will display and follow the real time price of the stock selected These prices may be keyed off of the Bid Ask
197. ws at the top of the Blackwood Pro control panel and selecting NYSE OpenBook from the dropdown menu The NYSE OpenBook window displays the Limit Order book for the New York Stock Exchange NYSE OpenBook BM SET Dumbo eM ES Dud Size 161 88 6 161 86 5 Ask Size 161 98 1 161 99 13 Symbol window Type symbols into this window and then press Enter key to set the symbol into the window Link Button Select a color from the dropdown list that matches the link bar on the window you wish to link to or select link to all to link to all linkable windows Right click Options Settings Refresh Symbol Always op Top Settings See Settings Menu below Refresh Symbol Refreshes the data being displayed in the window Always on Top Keeps the window on top of all other windows 2011 PacMid Technologies LLC Page 78 Blackwood Pro Manual Book Settings NYOB Settings NI Miscellaneous ke Show Symbol l Show Size 100 ke Show Exchange Columns Fill Colors Font he Show Headers Solid i Use Font Global he Use Fixed Size Vert Gradient Horz Gradient Font Verdana J pt Visible True a Align Vert Center Align Horz Lett Font Verdanal 10 Reverse Gradient Color OF Cancel Miscellaneous e Show Symbol When this is checked the NYOB window will display the symbol window and link button at the top of the window e Show Si
198. y pay for the put option itself Options strategies and terminology e covered call A short call option position where the writer seller owns the number of Shares of the underlying stock represented by the option contracts Covered calls limit the risk of the writer because the stock does not have to be bought at the market price if the buyer of the call option decides to exercise the call e covered put A short put option position where the option writer is also short the underlying stock or has deposited cash or cash equivalents that cover the exercise of the option This strategy limits the option writer s risk because money or stock is already set aside In the event that the holder of the put option decides to exercise the option the writer s risk is more limited than it would be on an uncovered or naked put option e debit spread Applies to derivative products Difference in the value of two options when the value of the option bought exceeds the value of the one sold One buys a debit spread Out of the Money A call option whose exercise price is above the current market price of the underlying security or futures contract For example if a commodity price is 500 then a call option purchased for a strike price of 550 is considered out of the money Outstanding shares The total number of a company s publicly traded shares P Penny stock A stock trading under 5 Penny stocks tend to be very speculative and volatile most e
199. ype must ALWAYS be stk for stock lists Load Stock List Selecting this allows the user to load previously saved stock lists To load a list browse to it using the Open window After locating the saved list select it by left clicking then click the Open button Save Basket Basket Name Saves changes to current basket that was previously saved Save Basket as Save and name basket with the current layout in the basket window Reload Basket Basket Name Resets a saved basket to its original state Load Basket Loads a previously saved basket Save Default Settings Selecting this saves the current layout of the Basket Order Entry window 2011 PacMid Technologies LLC Page 74 Blackwood Pro Manual Load Default Settings Selecting this loads and applies a previously saved layout of a Basket Order Entry window to a newly opened Basket Order Entry window Show Level Info When checked Level data will load into the basket window clicking on individual stocks will populate the information for that particular stock Settings see Settings Menu below Always on Top Keeps the window on top of all other windows Settings Menu The settings menu may be accessed by right clicking anywhere in the Basket Order Entry window and then selecting Settings The following options are available on the Settings menu Select Columns Selecting this will open a Columns Picker window which will al
200. ze x 100 When this is selected the Size will be displayed as the whole number For example if the quote is for 500 shares the display will show 500 When this is Un checked the Size column will show the numbers as divided by 100 For example if the quote is for 500 shares the display will show 5 e Show Exchange When this is checked the NYOB window will display the name of the exchange that the quote originates from Columns e Show Headers When checked NYSE OpenBook window column headers will be displayed e Use Fixed Font Checking this will keep the font size when re sizing the window Fill Colors e Solid When selected custom solid color will be displayed e Vert Gradient When selected custom vertical gradient color will be displayed e Horz Gradient When selected custom horizontal gradient color will be displayed Font e Use Font Global When checked the selected font in Settings gt Layout Tab is used e Font Selecting this opens a window that allows the user to change the font style and size 2011 PacMid Technologies LLC Page 79 Blackwood Pro Manual Prints window This window may be opened by clicking Windows at the top of the Blackwood Pro control panel and selecting Prints from the dropdown menu Prints windows may be used to display executed trade prints for Stocks Futures Indices and Market Statistics such as TICK TRIN VIX CL F etc Prints SPY eo

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