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User Manual - Nyse Trade BY

1. O By default the new set of CRUSH key functions are disabled with no keystrokes assigned to them To use them go to Keymap config and assign appropriate keystrokes to the functions and enable them Also see the Super ECN Key and the Swipe Key for additional SOES keystrokes The SOES Order Box The SOES order box appears when you hit Ctrl F6 to enter a SOES Limit Buy order or Ctrl F3 to enter a SOES Limit Sell order It works like the regular SOES orders but provides a different user interface All order entry boxes are now color coded Green for buy and red for sell SOES Order Entry 1 To change the Type the new quantity in the Qty box quantity 2 To change the limit Click the to increase or decrease the limit 2 To change the step Click the Z next to the Step box then select the step Graybox User Manual 58 3 Submit the order Click the Buy button 5 4 Listed Trading The Listed Order Entry Box allows you to buy or sell NYSE or AMEX listed stocks Listed Buy Default is F8 or F9 Listed Sell Default is F4 or F5 Listed Short Sell Default is Shift F4 If the current symbol is a listed stock these keystrokes open the Listed order box Graybox allows users to select the way orders are routed to the NYSE and the AMEX Orders can be specified to use NYSE Direct NYSE Superdot or AMEX This applies to orders sent using ABN AMRO SLKC SWEST or HDOT This window defaults to the best price in the market not just the
2. Positions Dialog Mode Doka Active Orders Sort Descending M Mouse Scroll Function Smb M ECN Order Entry Add Liquidity BA MM Order Entry Display awas M Max Position Qty w o z O auto Insert Default _ INCA Orders REDI Orders ARCA Orders BTRD Orders BRUT Orders MKXT Orders Display Size Defaults ECN Scroll Max az Min ECN Routing m ISLD Orders O Use SNET ISD Diret MINCA Orders O Use SNET M BTRD Orders O Use SNET REDI Orders O Use SNET REDI Direct INCA Direct BIRD Direct ARCA Orders Use SNET ARCA Direct O Use SNET BRUT Orders BRUT Direct M MKXT Orders Use SNET MKXT Direct Use New MarketMaker Window Auto Adjust Bullet Size Show Since Timer for Active Orders O Set Share Size By Arrow Keys Auto Designate Short Sells OK Cancel To customize your trading options for Graybox 1 Right click on the active order window to get the Graybox menu 2 Select Trading Options from the menu The window above appears 3 Follow the information below Graybox User Manual 26 Time in Force Default Quantity Default Display Qty Order Display Mode for ISLD BRUT and MKXT Automatic Close Mode Reset Share Size according to default quantity Graybox User Manual The number of seconds orders will float before they time out The default is set at 180 seconds For INCA o
3. Send SOES Delta If Qty Having this option checked will send an additional order for Remaining any remaining quantity to SOES with a limit price of the inside plus the delta value that is choosen Display Size Allow you to send out orders in the size the MM is displaying Send SOES Sends a SOES market order with every blast order This is not in addition to your Max Share Qty Ignore Check off any ECNs or market makers that you do not want your orders to go to Blasting Buy 1 Defaults to Alt F9 Blasting Sell 1 Defaults to Alt F5 Blasting Short Sell Defaults to Shift Alt F5 1 Blast Buy 2 Alt N Blast Sell 2 Ctrl N Graybox User Manual 72 Blast SS 2 Ctrl Alt N Blast Buy 3 Alt J Blast Sell 3 Ctrl J Blast SS 3 Ctrl Alt J 8 4 Multiple Order Entry Using a Basket A basket is a set of similar stocks that you buy or sell at the same time for example a chip basket or a tech basket This new version of Graybox allows listed trading A user can choose a listed stock and all our available listed trading exchanges in the basket He may also choose smart order instead of exchange for stocks in the basket To create a basket 1 Right click anywhere on the active order window to get the Graybox menu 2 Select Trading Basket The Basket window appears D Program Files Hold Brother Eg Stock Qty Exchange E AMAT 1 ISLD 0p K Delete Clear Load Save Sell Short 3 To add a stock
4. Since How long in hours minutes seconds since the order was accepted by the exchange Status Status of the order the exchange and its status e New indicates that the order has just been entered e Floating indicates that the order has been entered and is floating e Partial indicates that the order has been partially filled e Cancel indicates that your cancel order has been sent e Auto Cancel indicates that the software is trying to cancel the order e Once an order has been completely filled or canceled it moves to the Messages window e If an order is rejected it is immediately removed from the Active Order window and shown in the Messages window For more details on the status of an order double click on it to see the Order Details window Column Widths To change the column widths 1 Move the cursor onto the line between the two column headings A symbol will appear 2 Click the mouse then drag the column heading to the left or right Message Bar The message bar above the lock unlock bar shows your position in the currently selected stock If you have no position it is empty _Positions are also displayed in the MM box for that particular stock Lock Unlock Button Graybox User Manual If you will be away from your desk or if you need to switch to another application click this button or click Alt L to lock Graybox Otherwise your keyboard will not function properly in other applications Click this but
5. Inc EERE ia fiss Ask 18 83 Executions Right clicking anywhere on an ECN Book window shows the ECN Book menu Set Colors gt v Show Executions v Show Cancels v Always On Top Agaregate by Price ECN Book Window Always On Top Graybox User Manual To have this ECN Book window always appear on top of any other windows or screens In the ECN Book menu select A ways On Top ECN Book Window Showing Hiding Executions and Cancels To show or hide the Executions column In the ECN Book menu select Show Executions To show or hide the Cancels column In the ECN Book menu select Show Cancels ECN Book Window Aggregate by Price This allows a user to aggregate the ECN s by price For example instead of seeing all the ISLD bids at a particular price it will show one bid with the volume aggregated ECN Book Window Changing the Colors for Price Ranges To change the colors for the price ranges 1 In the ECN Book menu select Set Colors then Custom A window appears Custom Color Ranges Ti Cancel 2 Click on the color for the price range you want to change A window appears Graybox User Manual 22 Color AES Basic colors Define Custom Colors gt gt Cercel 3 Select the color you want to use then click OK or click Define Custom Colors gt gt and select the color on that window then click OK 4 Repeat steps 2 and 3 for each price level whos
6. Keymap Configuration OF x Graybox Window Window Graybox Window MarketMaker Window SelectNet Window Group Subgroup Function Disabled Essex Send Essex Bullet Bullet jota Send OTA Bulet mo SC x CX CY e e e _ Cancela Orders eae f J S T Cancel Order Cancel Al Orders For Selected feu fJ fJ T Jo Cancel allSelectNet Orders fu fx T J CancelAlSel Orders daze x _ Cancelalsoes Orders ua fo o dxf Joo Cancel High Buys MPS x SS p a a P S Regular KeyBoard ead dogpgrngiaa anng in ee ret Set Default Print by Function Name Print by Key Print Disabled Functions To return to the default key mappings at any time click the Set Default button Note that this will delete all the keyboard shortcuts you defined Showing or Hiding Parts of the Graybox Main Windows To show or hide parts of the Graybox main windows 1 In the main menu click View and the following options will appear Messages Ticker Positions Monitor Executions Ticker Menu and Status bar Graybox User Manual 44 2 Select the options you want Messages Shows or hides the Incoming Messages window Positions Shows or hides the Position Window which shows your positions and your current available buying power Executions Shows or hides the your executions Menu Shows the menu at the top of the Graybox active order window Status Bar Shows or hides the ECN Status Bar which shows t
7. Symbol Share Bid Ask i MSFT MOLX SURE csco PDI MANU ws NXTL USERDESONU 600 Prices 14 SRVE Ras Graybox User Manual 2 Graybox Basics 2 1 Logging On To log onto Graybox 1 Click the Windows Start button 2 Select Programs Hold Brothers Graybox Trader The Graybox Logon box appears Trader ID BERN eoF S Password M erso i Setup Cancel 3 If your Trader ID is not shown type it in 4 Type your password 5 The system automatically shows your default BRSQ account number If you have two accounts you can tab to the next field and select the other BRSQ if necessary 6 Click OK or hit Enter The Graybox main window appears _ You can now set up your screen with Market Maker boxes ECN books Island executions window and Analytics Once you have done this you should save your layout 7 To save your layout once you logon e Right click on the main window Click on layout and hit save This will save your current layout for Graybox To change your layout and save multiple layouts go to save as e When you have multiple layouts saved you have to go to load to bring up the exact layout you want Remember that when you re open Graybox it will open on the last layout you used To use Graybox in DEMO MODE log in as TRADER and use DEMO as the password Now you can use all the features of Graybox without doing real trades Graybox User Manual 2 2 The Graybox W
8. it would be used if you preferenced a market maker they backed away and you filed against them Act Trades If the market maker offers the print you need to add it to your blotter To enter an order manually 1 Right click on the active order window to get the Graybox menu 2 Select Manual Entry A window appears Trade Entry Manual Ed order arso ES Symbol Quantity Side Price Time Exchange Contra Reference Cancel 3 To enter a trade manually fill in the following information Order BRSQ If you need to select a different BRSQ and have permission to do so select it from the list Symbol Quantity Side Select Buy Sell or Short Sell Price Time The time the order was executed Exchange Select the exchange This is usually ACT Contra The market maker on the other side of the order Reference The reference number from the original order you sent 4 Click OK Graybox User Manual 84 9 6 Trashing an Order To trash an order 1 Highlight the order you wish to trash This will be an order from the Active Order Window 2 Hit Ctrl X A confirmation message appears 3 Click OK Graybox User Manual 85 Appendix A Keyboard Reference Notes 1 This Appendix lists the system default keystrokes Certain other keystrokes are system standards and cannot be changed 2 For all keystrokes given in this manual use the main keyboard not the number pad unless the instructions sa
9. ExecutionID OLIS s Execution ID number Time The time the order was executed BRSQ The BRSQ for the trader Acct The BRSQ number of the account this order is in Symbol The symbol of the stock B S B Buy S Sell s short sell b buy that covers a short sell Price The price at which the order was executed Qty The number of shares MMID The market maker or ECN that is the contra side to the order RptType The execution system the order was executed on Ref The OLIS reference number for the order SeqID The OLIS sequence number for the order Comm The commissions charged for the order Type 2 Buy Sell 3 Short Refreshing the Blotter Graybox User Manual TT To refresh your daily blotter at any time click on the Trades menu and select Refresh Changing the Type of a Trade To change trades from your margin account Type 2 to your short account Type 3 or vice versa 1 Select the trade you want to change 2 Click on the Trades menu and select Type Change 3 Click OK Or just double click on the trade Highlighting Type Changes If you want the daily blotter to highlight all trades that need type changes 1 Click on the Trades menu and select Settings 2 Select Prompt for Type Change Viewing the Daily Blotter for Another BRSQ To view the daily blotter for another BRSQ 1 In the Daily Blotter window click on the View menu and select the BRSQ Printing Your Daily Blotter To print your daily blotter 1 In the Daily
10. Size Side Contra 3 1 The Market Maker Window When you set the focus on any MM window it will also show you any position you have in that stock From this box you may also open the ECN book and charts There is also the option to see the order quantity for the trade you are about to launch Go to the trading options and check the Show Qty field box It will show the same quantity as what is being displayed in the Active Order window This version of Graybox comes with a new order entry screen that is part of the MarketMaker window The window can be used to trade both listed and OTC securities and allows orders to be routed to all available ECNs Exchanges In addition the Order Entry window allows users to send new types of orders Stop Stop Limit MOC LOC as well as change the Time In Force of an individual order on the fly This order entry window can be disabled for traders who do not want to see the new window This can be done in Trading Options under MM Order Entry Display Graybox User Manual 13 NNM Cisco Systems Inc Pcsco 100 RAS OP HP FP Lst 17 27 Bid 17 27 Shr 66 Low 17 07 Net 1 34 Ask 17 28 Shr 1 Hi 18 61 vol 122 098 600 Cls 18 61 Opn 17 92 Tme 14 19 49 MM Bid MM Ask Sales THE BOVE seu_ short BID ASK m gt EGE EE ISLD n M INCA REDI ARCA BRUT BIRD MKXT SOES SNET SMART Graybox gives you numerous ways to view the data in this box Righ
11. You are long 1000 DELL and you sell 250 shares Hitting Shift changes the quantity to 750 Ctrl 0 Preference order box Preferences all market makers and ECNs at the specified price Alt 0 Preference order box Acts like a smart Ctrl 0 key Sends an order to each market maker and ECN that you have set up in Smart Order Routing If you do not have Smart Order Routing set up Alt 0 does nothing Ctrl 1 Preference order box Preferences the market makers ECNs in the Dynamic buttons numbered 0 and 1 in the Preference order box Graybox User Manual 93 Keystroke Location Action Ctrl 2 Ctrl 3 etc Preference order box Ctrl 2 preferences the market makers ECNs in the Dynamic buttons numbered 0 1 and 2 Ctrl 3 preferences the market makers ECNs in the buttons numbered 0 1 2 and 3 and so on Alt 1 Preference order box The Super ECN key Preferences all ECNs at the specified price except any ECNs you set up to be excluded You can also add SOES orders Alt 2 Preference order box Preferences the first two levels of market makers and ECNs the inside market and the next level Note that there is a big difference between Alt 1 and Alt 2 Note that for Alt 2 3 etc the blasting setup dictates how these orders go out Alt 3 Alt 4 Preference order box Alt 3 preferences the first three levels of market etc makers and ECNs Alt 4 preferences the fir
12. cents all market makers and ECNs within a 5 cents interval are represented as one level and defined with a single background color By default the price intervals for each group is calculated on a sliding scale from the inside market best bid or offer If the inside market for a stock is 10 49 10 52 all the bids between 10 49 and 10 45 are represented as a single level Similarly all offers between 10 52 and 10 56 are treated as one level and so on and so forth To enable grouping right click on a marketmaker window and select a grouping value Graybox User Manual 15 Market Maker Window Showing Hiding the Time To show the time in the Sales column In the Market Maker menu select Show Time then Actual This changes the Sales column to Sales amp Time To remove the time from the Sales amp Time column In the Market Maker menu select Show Time then None Market Maker Window Sort This decides how you will see the order of the MM s and ECN s in the MM box By choosing Volume the MM s and ECN s will be in order of greatest volume Market Maker Window Changing the Colors for Price Ranges To change the colors for the price ranges 1 In the Market Maker menu select Set Colors then Custom A window appears Graybox User Manual 16 Custom Color Ranges LINE J Repeat For Remaining Levels Cancel 2 Click on the color for the price range you want to change A window appe
13. clicking on the individual ECN buttons above or go to the keymap config and enable the orders to be launched using certain letter keys Like S for ISLD To send the SuperSOES orders the INSERT key sends a SOES MKT order and the DELETE key sends a SOES LMT order The Super ECN key Alt 1 sends orders out to all ECNs that we have access to at the price specified in the Preference order box These orders go out for your default qty size If you want to send your ISLD orders hidden there is a hot key to do this Go to the keymap and choose the Selectnet window tab Select ISLD hidden order and assign it a keystroke 5 2 Bringing up the Preference box Preference Buy on the Bid Default is F8 Preference Take the Offer Default is F9 Preference Offer Default is F4 Preference Sell Default is F5 Preference Short Offer Default is Shift F4 Preference Short Sell Default is Shift F5 Graybox User Manual 53 These orders open the Preference order box SNET Order Entry symbol M rrice CREM BRUT ARCA ATTN REDI BTRD ISLD INCA SOES MKT SOES LMT suBscR O Hie O mkt M ovra O any Cancel By Please see the Trading options section for the different ways the preference box can be setup 1 To change the price level 2 To change the quantity 3 To change the step Graybox User Manual Page Up shows the next lower price level Page Down shows the next higher price level This will also show t
14. sell limit order Shift C Shift C window ARCA Short Entry Brings up the ARCA short limit Ctrl Shift C Ctrl Shift C order window BRUT BUY Buy BRUT at the offer Ctrl Alt U Ctrl Alt U BRUT Sell Sell BRUT at the bid Alt Shift U Alt Shift U BRUT Short Sell Sell BRUT short at the bid Ctrl Alt Shift Ctrl Alt Shift U U BRUT Buy Entry Brings up the BRUT buy limit Ctrl U Ctrl U window BRUT Sell Entry Brings up the BRUT sell limit Shift U Shift U window BRUT Short Entry Brings up the BRUT short sell limit Ctrl Shift U Ctrl Shift U Graybox User Manual window 90 Cover Long Positions Covers all your long positions Ctrl L Ctrl L Uses the smart order algorithm Cover Short Covers all your short positions Ctrl K Ctrl K Positions Uses the smart order algorithm Swipe Buy Sends out a bid to the selected Ctrl I Ctrl 1 SWIPE ECN at the specified SWIPE factor above the best swipe ecn bid Swipe Sell Sends out an offer to the selected Shift I Shift 1 SWIPE ECN at the specified SWIPE factor below the best swipe ecn offer Selectnet Bid Launch Selectnet bid box with Ctrl F8 Ctrl Z Consolidated levels consolidated according to Levels NASDAQ price levels Selectnet Launch Selectnet offer box with Ctrl F4 Ctrl Offer Consolidated levels consolidated according to Levels NASDAQ price levels Selectnet Preference Launch Selectnet Preference bid Ctrl F9 Ctrl Alt Z Bid Consolidated b
15. thtved cecetenssaasGees sedecdenyetseaeuecdeedeteetceaeesgdent elie 68 8 2 Crush Ordes ase E E E EEE E REE A A EERE ERE aah 69 SPee 9 NASA E EEE EA S E A E A eae AM ee 70 8 4 Multiple Order Entry Using a Basket ccccceeeeeeeeeesneeeeeeeeeeeeeeeeaaaaeaaaaeeeeeeeeeenensaaaees 73 P sition Covering kei e a aE AEE EE E ees E EE EET 74 Os AO e e E T E ET 76 9 1 Daily Blotter sea ae a a E aaa A aR eke E E AEs 77 Refreshing the BiGtletaccanaAaxints oe eine ead nN eta ean ee wate 77 Changing the Type of a Trad Geico ers res ckesncincerscnt acd aeideuecVeostact tienes ceaents tue tenes eiiiaeertiene 78 Highlighting Ty pe Change Siisera a aa a Geta each ated 78 Viewing the Daily Blotter for Another BRSQ cccceeceeeceeeeeeeneeeeeeeeeeeeeeeneeeeeseeenneees 78 Printing Your Daily Blotter ic c seiceccesbecesseavgeetecae tees teaesGhdeedicentieakt oblvesdecaiedsraaktensteaeleataeteten 78 je 46 810 1161 ROM ED gt Reem ieee A E ope EEE E E E ES 79 Viewing a Historical Blotter ssssssseneneeessserrnrrnrtrssertrtrrnrttssrrtntttrttrnnttesrrnrnrnnntsserenne ennn 80 9 2 Viewing Statisties aiaee n a e E E EAE E ES 80 9 3 Violations REpOrt secere e O AE E EE AE AET E AE a 82 9 4 Assigning Trad Sisessnonus naunan n r ea a a a a a aa aa e 83 Refreshing the Screen noie a e a E E E E E ale awe E EER 83 SS A F 16 18 Fe ea ec A E EEEE E EEE 84 9 6 Trashing an Ord elmer reenter a ene eer a ae try ie 85 Appendix A Keyboard Re
16. Blotter window click on the Reports menu and select Daily This shows a report of your daily blotter For example Graybox User Manual 78 aj tote piaja Slej z Toas 10 EXECUTIONS Account 62432283 2 In Line Inv Listed Trading IN Name Paul Fogarty Printing Date May 11 2001 Account s SecurityID ContraMMID Date Range Time Range ALL 5 11 01 10 33 34 ExecRec Date Time Stock i MMID RType OrderNumber Tax Commission OpenQty 189 05 11 MSFT 69 980000 ISLD _EEXO AOFP0009 0 00 201 05 11 MSFT 960000 ISLD EEXO AOFP0011 0 01 3058 05 11 09 35 00 WCOM 17 880000 BIRD EEXO AOFP0031 0 00 3059 05 11 09 35 00 WCOM 17 880000 BIRD EEXO AOFP0024 0 00 3069 05 11 09 35 02 WCOM 17 883000 ISLO EEXO AOFP0034 0 06 3071 05 11 09 35 05 WCOM 17 882000 ISLD EEXO AOFP0035 0 06 4082 05 11 09 36 45 _ WCOM 17 880000 ISLD EEXO AOFP0039 0 00 4083 05 11 136 WCOM 17 880000 INCA EEXO AOFP0038 0 00 05 11 WCOM 17 880000 BRUT EEXO AOFP0042 0 00 05 11 WCOM BIRD EEXO AOFP0041 0 00 05 11 WCOM 0000 ISLD _EEXO AOFP0044 0 00 05 11 WCOM 17 860000 ISLD EEXO AOFP0045 0 00 05 11 O g WCOM 17 860000 ISLD EEXO AOFP0046 0 00 05 11 WCOM 17 860000 ISLD EEXO AOFP0047 0 00 05 11 09 37 31 WCOM 17 87 SBSH _EEXO OTNGL 0 06 05 11 09 37 33 WCOM 17 87 SBSH _EEXO OTTNL 0 60 05 11 09 52 18 INPR 53 59 INCA _EEXO 2PSBD 0 00 05 11 09 52 19 ___JNPR 53 580000 ISLD _EEXO __ AOFP0097 0 18 05 11 WCOM 17 900000 ISLD _EEXO AOFP0144 0 00 05 11 WCOM 17 920000 ISLD _E
17. EXO _AOFP0149 0 42 05 11 10 00 42 WCOM 17 946000 100 ISLO EEXO AOFP0150 0 00 05 11 10 00 51 WCOM 17 94 100 NTRD EEXO 3SRPL 0 06 05 11 10 03 03 WCOM 17 940000 100 ISLD EEXO AOFP0154 0 00 05 11 10 03 08 WCOM 17 940000 100 BRUT EEXO AOFP0157 0 00 05 11 10 03 09 WCOM 17 940000 100 INCA EEXO AOFP0153 0 00 05 11 10 03 10 WCOM 17 940000 100 BIRD EEXO AOFP0156 0 00 05 11 WCOM 17 946000 100 ISLD EEXO AOFP0159 0 06 05 11 WCOM 6000 300 ISLD EEXO AOFP0159 0 18 Gross P amp L Total Taxes Total Com Net P amp L Total Shares 0 18 20 0 00 16 52 5 210 Stock Summary Security Total Shares Open Shares Gross P amp L Gross P amp L 2K Shares Total Commission INPR 200 1 00 10 00 0 00 MSFT 10 0 10 20 00 0 00 WCOM 5 000 19 30 7 72 0 00 Total 5 210 00 1820 2228 0 00 2 In the report screen click the icon Exporting to Excel To export your daily blotter to Excel 1 In the Daily Blotter window click on the Reports menu and select Daily This shows a report of your daily blotter In the report screen click on the File menu and select Export to Excel Type aname for the Excel file Select the destination for the Excel file Click the Save button a fF O PN Graybox User Manual 79 Viewing a Historical Blotter To view your trade blotter for a prior day 1 In the Daily Blotter window click on the Reports menu and select Histori
18. Graybox User Manual 19 Edition HOLD BROTHERS Success is how fast you get fhere Contents TAINtROGUCTION inet ee ee ee ee ee Eaa 1 PAR ET N BSCS T E ee ace aca T 2 ZW LOGGING Ore a E wesc tds E E E a A Gale E esate 2 2 2 The Graybox VIO GWS cee Na act ec A a cere Ace sh aie alert ce See che twas sea cemcauedt cqug et Esseen EEEE 3 The Active Order WINKOW 4 4 nits ott tea arden a oie aera duwearaeae 3 Order EMY ATEA eer ands coed a a ack edhe E a e aaa canes oleae 3 Active Orders miniera eaaa e eo E a a ae aE daed E a a a 4 C l min WV EUS areeni a a e E A E AR E A ga eae een eae 4 Message Bat ea e ides a e aa a aa a ae E A a 4 Lock Unlock Buttm inhon e as AN ae hh Rs N a 4 ECN Status Bafet ereen E a e e E Aae Aa E a E ae ea E EE Aai 5 Refreshing the Data aerie e a zal dat aaalially cokaaote cles 5 The Messages VV INOW iis sari oak ceeds Faroe ie Sovak ee Ange credence bal Ea eevee geet 5 VIEW Selections oner a ai aee aki a a a a Eaa EAA E EREE 5 Coluimint Wid Ssierernnsnnnen rnae e E EEEE ER E EREA 6 The Position VU INOOW 2 fa t eRe c eed ee 2d ae ase oat ek Merced eat eralized Cedeneeeeerise 7 POSITION COVERING EET E AE E E bed ree EN AAEE 8 253 Order Detall Sigarir a EE EN E A KOTA T ere iene 9 3 Graybox Quote DiS la Y e reer rae eaa rrap paraa ted a Eee aai cas heac con cucutaen panien adaini 11 3 1 The Market Maker Window cccceeeeeeseeeccceeeeeeeeeeensnaaaeeeeeeeeeeeeeeaaaaaaaaeeeeeeeeeeeeeaaaaes 13
19. HIFT F12 SHIFT F5 Orders you have the focus on Cancel all Sell Cancels all sell orders inthe stock ALT F12 SHIFT F6 Orders you have the focus on Cover Selected Covers your position in the stock CTRL ALT SHIFT O Stock you have the focus on SHIFT F1 Cover all Open Covers all positions in all stocks CTRL ALT SHIFT L Positions SHIFT PAUS Graybox User Manual 88 E Graybox User Manual Blasting Short Sends a short sell order to all MM s SHIFT ALT SHIFT F7 and ECN s to as many levels as you F5 specify in the setup Crush Sell Sends a sell order to all MM s and jALT F2 SHIFT F8 ECN s on the inside market plus it sends a soes market order Note for crush 2 amp 3 go to the keymap and assign keys to these functions Crush Buy Sends a buy order to all MM s and ALT F7 SHIFT F9 ECN s on the inside market plus it sends a soes market order Smart Order Buy Sends a buy order to the first choice CTRL B F12 on your smart order routing list Smart Order Sell Sends a sell order to the first choice CTRL S F9 on your smart order routing list Smart Order Short Sends a short sell to the first choice SHIFT S F10 on your smart order routing list Print Floating Orders Prints floating orders in your active CTRL P CTRL P order window Reset From Refreshes the database CTRL D CTRL D Database Trash User Order Trashes any highlighted order CTRL X CTRL X ISLD Buy Entry Brin
20. Ignore all MM s a user cannot send preference orders to any NASDAQ MM over selectnet Graybox User Manual 36 Ignore MM List x add Delete Clear O Ignore all Market Makers i Cancel 4 5 THE MULTIPLE SWIPE KEYS Go to the Graybox menu and pick setup Then go to the swipe key This allows users to configure five sets of ECN swipe keys These keys need to be enabled separately in the keymap config These keys are commonly referred to as the Shave Keys e This allows users to send orders at a specified differential factor above below the best Bid Offer for a specified ECN Swipe orders do not go by the best NASDAQ bid offer but go at the increment based on the best bid offer for the specific ECN or the Inside Market The order is placed on top of the specific ECN book or Inside Market To launch this order the preference box does not have to be open e To enable the swipe keys e Goto Keymap Configuration and enable the Swipe Keys The default values for swipe 1 are CTRL I SHIFT I for Swipe Bid and Offer respectively If required users can change the keystrokes Choose a required Swipe ECN e g ISLD and the Swipe Factor e g 0 001 and if the swipe will be based on the Inside Market or ECN Market The SOES Delta Keys allow users to send SOES limit orders at a specified increment above the market To set the increment on the context menu click on Setup gt Swipe In the SOES Delta Value field enter the decimal v
21. Marker Makers will not be liable to fill preference orders even if they are displaying a certain size ECNs however will be treated the same way as before Graybox will automatically send non liable orders to SNET A user has three choices as to how he will route these selectnet orders Go to Trading Options gt SNET Non Liability Type e Oversize All SNET orders will go out ata quantity 100 greater than what the preferenced market maker is displaying If the order Qty is less than the minimum oversize requirement the order qty will be automatically changed to meet the requirement e Price Negotiation SNET preference orders will automatically go out at a cent better than the price a market maker is quoting E g if MSCO is bidding at 45 01 a preference sell order will go out at 45 02 If MSCO is offering at 45 02 a preference buy order will go out at 45 01 Automatic In this mode Graybox sends out oversized SNET preferences when the order quantity is less than or equal to a specified threshold amount If the market maker display size is greater than the threshold quantity the preference is sent out using the Price negotiation mode E g suppose the threshold quantity for a user is 2000 and the Order Quantity is 1000 If market maker XXXX is offering 1500 shares of MSFT at 77 83 Graybox will send preference buy order to XXXX for 1600 shares at 77 83 However if XXXX was Offering 3500 shares of MSFT at 77 83 the preference
22. Market Maker Window Always On TOp ssssssssssssserrnresssererrrrnrrrsserrrrrrnnnrssnrssrrrnnrrnnnesent 14 Market Maker Window Round Quotes amp Group QuoteSs sseessseeseerrneesssrrrrrrrnreseee 15 Group QUOTES ian e a n e A aE ia e a 15 Market Maker Window Showing Hiding the TimMe ssssssseesesssssseserrrnrrsserrrrrrrrrsserree 16 Market Maker Window Sort s ce csssesceceetencsesascteehtenereageedQucatdecthekwecdee tlds sebivesteentsaanctee 16 Market Maker Window Changing the Colors for Price Ranges ccccceeeeeeesetteeeeeeees 16 Changing Back to the Default Colors 0 0 2 2 eeeceeeeeeeeeee eee e ee eeeneee eee terete eeecaaaaaaeeeeeeeeeeteee 17 Market Maker Window Highlighting a Market Maker cccececeeseeeceeeeeeeeeeeeesteeeeeeees 18 Market Maker Window Changing the Display of ECN BOOKS cceeeeeeteeeetteeeeeeees 18 Market Maker Window Consolidate Level 2 ccceeeecceeeeeeeeeeeeeeeeeeeeeeeeeeeeeteeeeeeenneeeeeeeees 19 Market Maker Window Remove Market Maker cceceeeeeeeeeeeenneeeeeeeeeeeeesenneeeeeeeeeeees 20 3 2 The ECN BOOK NVINGOW 2 o ecinAtlece Kone e cee veg cee Cease lees nese ce cneech ae caaseets aceehabeaatbee eeaueentte 21 ECN Book Window Always On TOD xccciisis een ceceets as nadintecetunmeiadites eee edie ee eee 21 ECN Book Window Showing Hiding Executions and Cancels ccccceeeeeieeeeeeeeeteee 22 ECN Boo
23. Oty Left Limit Price Time Conf Time Exchange Line Index Contra Stop Price Reference Message Status Display Mode Time In Force For a printout of the order click the Print button Graybox User Manual Graybox User Manual 10 3 Graybox Quote Display To open a Market Maker Box click in the shortcut bar at the top of the Active Order Graybox 2 5 AOFP GJCRTRBETA Of x File Edit View New Trading Tools Configuration Help Status E UNLOCKED Click To Lock window This will open a MM box and you can type in the symbol Repeat this process to open multiple MM boxes Alt T will also open a new MM box T NNM Dell Computer Corporation Ee Eee P OP HP FP Lst 26 85 Bid 26 85 Ene akl Low 26 601 Net 0 17 Ask 26 86 Shr 5 Hi 27 42 Opn 26 75 Tme 13 53 53 Vol 13 344 400 Cis 26 68 Sales Ask MM MM Bid LIVE BOY sell short BID f ASK ISLD n Y INCA REDI ARCA BRUT BTRD MKXT SOES SNET SMART Graybox User Manual Il To open a window for ECN Book quotes click amp in the shortcut bar or in the MM box click the same icon ECN books brought up in this fashion will be automatically linked to the MM box ECN Book NNM WorldCom Inc RR Bid i434 Ask 14 36 HIGHER BY 0 001 Executions To open a window for Island executions click in the shortcut bar Graybox User Manual 12 Island Executions e x Price
24. Specialist s quote Listed Limit Buy stock rice EUR Qty EE sep ET O Market Limit Stop Stop Limit Floor Exch ERMA ABN AM SWEST SLKC ISLD INCA ELPH REDI ARCA HDOT 1 To change the Use the numbers on the main keyboard 1 100 Shift 1 1000 quantity etc 2 To change the limit Click the to increase or decrease the limit price 3 To change the step Click the 7 next to the Step box then select the step 4 To change the Click on the order type Market Limit Stop or Stop Limit order type Note The Stop and Stop Limit features will be available in a future release Graybox User Manual 59 5 To select the stop limit 6 Submit the order 7 Administrative Request 8 Listed Direct Keys deat Click the to increase or decrease the stop limit Note This feature will be available in a future release The ABN AM INCA etc buttons sends an order to the selected destination Also each box has an underlined letter which can be used to launch the order For example S for ISLD This is a feature that will be available in a later edition An administrative request is a request to the specialist on the floor of the exchange as to your position in the queue It only applies to orders on the inside market and orders routed to the NYSE and or AMEX This version comes with the capability of using direct keys for sending out listed orders Go to Keyboard Conf
25. The value of the field is the same as what is being displayed by the Quantity field in the Active Orders window This is for users who want to launch orders and only look at the MM box e Automatically changes your bullet size to the minimum size order There are four options available as to what style you want the rounding in your MM box to be i Into the Market This rounds down the bid and rounds up the offer this is according to the rounding value you pick in your MM box ii Away from the Market This rounds up the bid and down the offer iii Always round down bid and offer This rounds down the bid and the offer iv Always round up bid and offer This rounds up the bid and the offer NOTE If you chose the blank option it defaults to the first option above Don t forget to choose in the MM box the rounding value 0 1 0 005 etc Also if you choose Consolidate level 2 in the MM box this rounding function will not work 4 When you finish making changes click OK 4 2 The Super ECN Key The Super ECN key Alt 1 sends orders out to all ECN s listed in the setup box below at the price specified in the Preference order box You have the option of sending a SOES limit or Graybox User Manual 33 market order for the size specified in this setup box To launch these orders the preference box must be open These orders go out for your default qty size Except for the SOES order which will go out for the quanti
26. To use them go to Keymap config and assign appropriate Graybox User Manual 69 keystrokes to the functions and enable them Crush 1 is the still the same as the old keys Crush Buy Defaults to Alt F7 Crush Sell Defaults to Alt F2 8 3 Blasting Blasting is used to send multiple orders to market makers and ECN s on a pre selected number of levels By default orders are sent out in your default quantity size So if your Max Share Qty is 5000 and your default is 1000 then five orders of a 1000 will be sent out It does not automatically preference everyone in each level up to the amount of levels you choose If it did you would run the possibility of getting filled on more shares than you intended In the latest version of Graybox there are three sets of blasting keys These can all be set up differently There is also the option to include a SOES market order with each order Also orders can be sent out in a quantity different from your default size Check the box marked display size to do this What this does is sends an order to a MM for the quantity he is showing To set up blasting 1 Right click on the active order window to get the Graybox menu 2 Select Setup in the menu then Blasting A window appears Graybox User Manual 70 Blasting Setup Blast 1 Maximum Levels Max Price Differential Max Number of Orders J Blast upto GB Order Quantity J Use smart Order Preterence List J Send SOES Delta
27. alue of the increment for the limit price By default SOES Delta key functions are disabled with no keystrokes assigned to them To use them go to Keymap config and assign appropriate keystrokes to the key functions and enable them Graybox User Manual 37 Swipe Setup Swipe Swipe Exchange Swipe Factor Swipe Based On Swipe 2 Swipe Exchange Swipe Factor Swipe Based On Swipe 3 Swipe Exchange Swipe Factor Swipe Based On Swipe 4 Swipe Exchange Swipe Factor Swipe Based On Swipe 5 Swipe Exchange Swipe Factor Swipe Based On Swipe 6 Swipe Exchange Swipe Factor Swipe Based On SOES Delta Key SOES Delta value i m Direct ECN Keys Limit Price Based On Graybox User Manual 4 7 Setting Up Blasting Blasting is used to send multiple orders to market makers and ECN s on a pre selected number of levels By default orders are sent out in your default quantity size So if your Max Share Qty is 5000 and your default is 1000 then five orders of a 1000 will be sent out It does not automatically preference everyone in each level up to the amount of levels you choose If it did you would run the possibility of getting filled on more shares than you intended In the latest version of Graybox there are three sets of blasting keys These can all be set up differently There is also the option to include a SOES market order with each order Al
28. annot be canceled until 10 seconds have passed e Auto Cancel Hitting the Cancel function sends cancels until the 10 second delay has passed You only need to hit the Cancel function once e Once Hitting the Cancel function sends one cancel For SelectNet orders this means you must hit the Cancel button repeatedly until the 10 second delay has passed Sets how information is updated in the Order Preference box e Live Automatically updates the market makers and price in the Preference order box Note This can result in executions that are different from the price you sent in a fast moving stock e Manual Shows the market makers and price as of the time the Preference order box was opened As the stock moves this information can only be updated manually by hitting a Preference Order key again 31 Follow MM Levels on Price Change ISLD Execs INCA Execs BTRD Execs REDI Execs ARCA Execs BRUT Execs ATTN Execs FIX Options Inside Price Check Pegging Min Quantity Max Floor Default Qty Stock Scroll Max Scroll Min Graybox User Manual The MM s in the Selectnet preference box automatically change with the manual change in price using the arrow keys Sets ISLD orders to be routed directly to ISLD or through SelectNet Sets INCA orders to be routed directly to INCA or through SelectNet Sets BTRD orders to be routed directly to BTRD or through SelectNet Sets REDI orders to be rou
29. antity field with the appropriate value As well as the basic SOES keys listed below Graybox has incorporated a number of new SOES keystrokes SOES Market Buy Default is F7 SOES Limit Buy Default is F6 on Inside Market SOES Limit Buy Default is Ctrl F6 Opens the SOES order box See below for details SOES Market Sell Default is F2 SOES Limit Sell Default is F3 on Inside Market SOES Limit Sell Default is Ctrl F3 Opens the SOES order box See below for details SOES Short Default is Shift F2 Market Order SOES Limit Default is Shift F3 Short Sell e CRUSH KEYS The Crush keys send out orders to everyone in the inside market plus a SOES Market order This functionality of Graybox has been upgraded to allow users to have the option of ignoring SelectNet market makers and sending the SOES order at a different size from the rest of the orders In addition this version comes with two extra sets of Crush keys that can be configured and enabled by the users To set the Crush parameters on the context menu click on Setup gt Crush Market The options are o Super SOES Order Qty The size of the SOES MKT Order to be sent out o Send SNET Preference Orders to Market Makers f this check box is turned on the Crush keys will send out preference orders to all market makers and ECNs in the inside market If turned off only the ECNs are preferenced along with the SOES order Graybox User Manual 57 Crush Market Setup 1000
30. ars Basic colors E Err Di imi Di DE i ie ES EEE Eee EEE EEn EBE Custom colors EE ip ip i i a ii i ip ip i i E Define Custom Colors gt gt Conca 3 Select the color you want to use then click OK or click Define Custom Colors gt gt and select the color on that window then click OK 4 Repeat steps 2 and 3 for each price level whose color you want to change 5 Click OK to save your changes Changing Back to the Default Colors To change back to the original colors Graybox User Manual 17 In the Market Maker menu select Set Colors then Default Market Maker Window Highlighting a Market Maker To highlight a particular market maker so it is displayed in reverse type 1 In the Market Maker menu select Hi Lite MarketMaker A window appears Hi Lite MarketMakers x Normal Hi Lite Add gt gt SS REMOVE Remove fll Style Default cm 2 Select the market maker then click Add 3 Repeat step 2 for each market maker you want to highlight 4 By clicking on Style you can choose either black or red as the highlighted color 5 Click OK Market Maker Window Changing the Display of ECN Books e The ECN books shown in the Market Maker window can be set to either the inside market the full market or none With the inside market setting you will see the best bid and ask on that ECN With the full book setting you will see a list of all the bid
31. bid price Selectnet Short Offer Preference short offer or Listed SHIFT F4 SHIFT gt short sell Short sell on the offer Blasting Buy Sends a buy order to all MM s and ALT F9 CTRL SHIFT F Graybox User Manual ECN s to as many levels as you specify in the setup 1 87 Blasting Sell Sends a Sell order to all MM s and ALT F5 CTRL SHIFT F ECN s to as many levels as you 2 specify in the setup Blast buy 2 Alt N Alt N Blast Sell 2 Ctrl N Ctrl N Blast Short Sell 2 Ctrl Alt N Ctrl Alt N Blast Buy 3 Alt J Alt J Blast Sell 3 Ctrl J Ctrl J Blast Short Sell 3 Ctrl Alt J Ctrl Alt J SOES Buy Window Brings up the soes limit order CTRL F6 CTRL SHIFT F window 3 SOES Limit Buy Soes buy on the offer Sends soes F6 SHIFT buy order to MM s on the offer SOES Limit Sell Soes sell at the bid Sends soes F3 SHIFT A sell order to MM s at the bid SOES Limit Short Soes short sell atthe bid Sends SHIFT F3 SHIFT S Sell soes short sell order to MM s at the bid SOES Market Buy Sends a soes buy market order F7 SHIFT The order stays until filled or cancelled SOES Market Sell Sends a soes sell market order The F2 SHIFT Q order stays until filled or cancelled SOES Market Short Soes short market order SHIFT F2 SHIFT S Sell SOES Sell Window Brings up the soes limit order CTRL F3 CTRL SHIFT F window 4 Cancel all Buy Cancels all buy orders in the stock S
32. cal A calendar appears For example Transactions v1 1 2 TOLA File Reports Trades Settings View Historical Report Date Selection From Date To Date July 2000 July gt 2000 7 August 2000 August 2000 7 Sn Mon Tue eed Tmi mi Sa Sun Mon Tue wed Thu Fri Sat Fe a S Ce a Fe Cea Gl CoC Blotter a fio fe ha fpe hs ns m hz hs hs fo Ja J2 23 Ja 27 23 23 Go Ee a a a 2 In the left hand calendar select the starting date Use the dropdown boxes to select the month and or year if necessary 3 In the right hand calendar select the end date 4 Click the Go button A report appears for the time period you selected 5 To print the report click the icon 9 2 Viewing Statistics The Statistics screen shows all your trades for today with the number of trades the volume on ECNs and SelectNet and your P amp L To view volume statistics for today 1 In the Daily Blotter window click on the View menu and select Statistics The Statistics window appears For example Graybox User Manual 80 T OFP File Reports Trades Settings View Shares JLE IE lt 2 Sey so Type 3 Sel ly Gross P L Net P L 60 39 2 To return to the regular Daily Blotter click on the View menu and select Transactions Graybox User Manual 81 9 3 Violations Report The Violations Report records violations of the short sale rule To view your violations report 1 C
33. d Trading 8 1 Multiple Preference Orders The keystrokes below send multiple orders when you have your Preference order box open All MMs amp ECNs All MMs ECNs in Smart Order Routing All ECNs the Super ECN key First two levels of MMs ECNs First three or more levels of MMs ECNs Graybox User Manual SNET Order Entry suBscR O Hie O mkt M ovra O any Cancel By Defaults to Ctrl 0 Preferences all market makers and ECN s at the level selected in the preference box A new addition to this keystroke is the ability to add a SOES limit order Go to the keymap and choose the Selectnet window tab Select Send all MM and SOES Imt and assign a keystroke Defaults to Alt 0 Sends an order to each market maker and ECN that you have set up in Smart Order Routing at the price in the preference box Note If you do not have Smart Order Routing set up this function does nothing Defaults to Alt 1 Sends an order to all ECN s at the specified price except any ECN s you set up to be excluded in the setup You can also add a SOES limit or market order Defaults to Alt 2 Preferences the first two levels of market makers and ECN s the inside market and the next level Please note that the blasting setup dictates how these orders go out Defaults to Alt 3 Alt 4 and so on Preferences the first three levels of market makers and ECN s the first four levels and so on 68 First tw
34. ding Parts of the Graybox Main WindOWS ccccceceeeeetteeeeeeeeeeteeennaaees 44 Graybox Main Window Setting the Colors cccccceecceeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeenaaeeaees 45 Graybox Main Window Setting the SOUNAS cceeceeceeceee eee eeeeeeeeeeeeeeeeeeeeeenennenaaaees 48 4 9 Changing Your Password icici scsoet ones ceed ramayudecinandeakdiarshaaiendecntal we vanetnliautehena hn 49 4 10 Changing the Server and Router SettingS cccccccececeeeeeeeeeeeeeeeeeneeeeeeeeeeteeeeeeeeaaees 50 72 ENKS ee ee CE ee ee Re ee me ee ee ee ere 51 5 Entering an Ordet issu sceietee scalars ae lec cde Aaa EAKA ances teed enema lee 52 5 1 a nching EGN Order Sisescresiorneneniorie n eda a a a e 53 5 2 Bringing up the Preference bOX s ssessssssserrrneesssrrtnrrrntttssrrrrtrrnnnrnntrssrtrntnrnnrrsserrnnne nnne 53 S S UPER OE S ccm tec eka Sn cat Sorte ca he ge a l A n Raa ak aa 56 Th SOES Order BOX e ree ade Oa a al a eee e SA EREL are caren 58 5A Listed Trading nn e e E A EE a EE E 59 5 5 Order Entry bar on MM Window 2s sixcseceacete ot ese cbhetiebeledaunet eich see atic a cece 60 6 Changing a Floating Order cccc 6 i0 oo 3 cnd cesta a ca cette Sad eens ote dees tesco pent eee taake cnn eeneeeeey 64 7 GAMCEIING an Ordet issia iau a ieaie iaaea iaa aiae behets eed 65 AOS EE EEE EN EE E TE T E E OAN ANE EN E 65 to Too To REN eCo Tate A TTE 68 8 1 Multiple Preference Orders a c ccccsdess sect ceaecca isn
35. e color you want to change 5 Click OK to save your changes Changing Back to the Default Colors To change back to the original colors In the ECN Book menu select Set Colors then Default Adding or removing ECNs to the ECN Book Filter To add or remove ECNs to the ECN Book 1 In the ECN Book menu select Filter This window appears Graybox User Manual 23 ECN Book Filter x Filtered List wf Aa Cancel 2 Type the name of the ECN in the left box then click Add or Remove 3 3 The Island Executions Window In its default setting you are seeing all reported trades on ISLD You can set this to see only certain stocks See below You see the price followed by the number of shares traded If you see a highlighted green bar it means the execution took place above the ask A highlighted red bar means the trade took place below the bid Island Executions Island Executions MEE xi i Price Size Smee A Side Contra Right clicking anywhere on an Island Executions window shows the Island Executions menu v Always On Top Island Executions Always On Top To have this Island Executions window always appear on top of any other windows or screens In the Island Executions menu select A ways On Top Selecting Stocks for the Island Executions Window FILTER Graybox User Manual 24 To select only certain stocks to display in the Island Executions window 1 In the Island Executions menu select Filt
36. e red If you do not wish to see the columns uncheck the Show Header button above The columns are Sym Qty AvgPrice P L Abs PB PB Hedges The ticker symbol of the stock you have a positioning The quantity currently long or short The average price at which the shares were bought Note This number does not take sells into account The total dollar profit or loss on this stock Absolute Pullback This is a useful feature for position traders For long positions it shows the high for the day minus the current best bid For short positions it shows the current offer minus the low for the day Percentage Pullback Calculates the percentage of the Pullback to the high low for the stock This will show a trader his open straddle positions The lower part of the window shows summary information If you do not want to see the summary uncheck the Show Summary button from the drop down window Close P L Open P L The overall P amp L up to this time in the trading day based on closed positions only The potential overall P amp L for open positions Marked to the bid for long positions and to the offer for short positions Buying Power The amount of money you currently have available Shares Count The number of shares traded up to that point in the trading day Graybox User Manual Position Covering By right clicking on your position window you bring up the options for covering any open positions The order is
37. ecked when you do not want to see the small bids and offers between NASDAQ price levels Graybox User Manual 19 The news keys and their default keystrokes are FUNCTION M DEFAULT C DEFAULT SelectNet Bid Consolidated Levels CTRL F8 CTRL Z SelectNet Offer Consolidated Levels CTRL F4 CTRL SelectNet Preference Bid Consolidated CTRL F9 CTRL ALT Z Levels SelectNet Preference Sell Consolidated CTRL F5 CTRL ALT Levels SelectNet Preference Short Sell Consolidated CTRL SHIFT F5 CTRL gt Levels SelectNet Short Offer Consolidated Levels CTRL SHIFT F4 CTRL SHIFT gt Market Maker Window Remove Market Maker Remove Market Maker x Warming Removing a Market Maker is not standard practice If you have a problem with a Market Maker contact Tech Support and they will handle it Refreshing the symbol will cause the market maker to return Bid Ask lO Cancel This function allows users to locally clean bad MM s and ECN s from their display This will not remove them permanently So if you refresh the box they will re appear To have them permanently removed please ask a tech to do this Graybox User Manual 3 2 The ECN Book Window This is a quote montage for the ECN s that we have access to It shows all the open bids and offers on the different ECN s Different price levels are differentiated by color ECN Book NNM Cisco Systems
38. electronic electrical mechanical or chemical including photocopying recording in any medium taping or by any computer or information storage and retrieval systems etc without prior permissions in writing from Hold Brothers online investment services Inc OLIS The software described in this document is furnished under the license agreement included with this product and may be used or copied only in accordance with the terms of the agreement By installing or using the software you indicate your acceptance of the terms of this agreement It is illegal to copy the software on magnetic tape disk CD ROM or any other medium for any purpose other than the purchaser s use Important Note to Users While every effort has been made to ensure the accuracy and completeness of all information in this document OLIS assumes no liability to any party for any loss or damage caused by errors or omissions or by statements of any kind in this document or its updates or supplements whether such errors omissions or statements result from negligence accident or any other cause OLIS further assumes no liability arising out of the application or use of any product or system described herein nor any liability for incidental or consequential damages arising from the use of this document OLIS disclaims all warranties regarding the information contained herein whether expressed implied or statutory including implied warranties of merchantability or fi
39. er A window appears Island Executions Filter Island Executions Filter ss i i S r S hice m l Size fz M Bu M Sell Cancel Type the name of the symbol in the left box then click Add to add it to the list of symbols To see only executions above a certain price click the Price check box and type the price To see only executions at or above a certain size click the Size check box and type the size To see only the Buy side or only the Sell side check the Buy or Sell check box Click OK eo amp NN Graybox User Manual 25 4 Customizing Graybox 4 1 Setting Up Tradi Trading Options Time In Force Default Quantity Default Display Qty EPEETAN m Order Display Mode ees e IOC Mode ng Options REDI Orders ARCA Orders INCA Orders BRUT Orders BTRD Orders ISLD Orders MKXT Orders MKXT Orders Reset Share Size to Default Qty C Smart Order Auto Cover SelectNet SNET Window Style EETA overice PE SelectNet Cancels Auto Cancel BAJ SNET Quote Style M ECN Quote Style NT SNET Box Focus On Ete SuperMontage ATTN Orders TRAC Orders Default Qty Per Stock Remove Non Liability Type oversize Auto Threshhold Qty io i Level 2 Display Rounding Show Firm Hedge Position Show Quantity Follow MM Levels on Price Change Cancel Retry on Reject Defaut soot Use JST Super Montage Order Match Priority
40. f CSCO and your default is a 1000 your quantity for CSCO would go out for 375 shares This feature resets share size taking into account the default quantity and the current position E g if you are long 100 shares of DELL and your default Quantity for DELL is 1000 the next order and only the next order will automatically go out for 900 27 Cancel Retry on Reject Smart Order Auto Cover IOC Mode for Redi Arca Inca Brut Bird ISLD MKXT and SuperMontage Graybox User Manual Graybox will automatically resend cancel requests for SOES and ECN orders after the cancel key is hit once it receives a cancel reject message When using Smart Ordering the Smart Orders detects an open position if any for the specified stock and resets the quantity to cover the position So instead of sending out orders for your default quantity size it sends orders for your open position Note that if your open position is greater than your default qty size the order will go out for the default qty size e IOC All Orders go out as Immediate or Cancel If the ECN has a match in their books the order gets executed or else the order is automatically cancelled e Normal Orders are sent out with the default Time In Force This allows the ECN to be proactive in their order matching and forward orders to SNET or other ECNs if they cannot find a match in their books This feature at times can cause cancels to be delayed e Automatic Th
41. ference ccccsssseseeeeeeeeeeeeeeneenneeeeeeeeeeeenseeeseeeeeeeeeeeeeesenseeeeeeeeeeees 86 NOLES ci iile acta EE EA E aN ata kceed A 86 OTHER KEYSTROKES yee a cca sins ca tied ds etek petted aa A E E E EEA a ees 93 Eetter Keyser aa a a aa aaa a atts ie hs ene late Ae 95 Other Keys on the Main Keyboard ccccceeescesccceeeeeeeeeeeeeeaeeeeeeeeeeeesa eeaaaaaaaaeeeeeeeseeeenaaaaes 96 Keys on dhe Number Pads cctcussstiie vit cae aa e eens plete ent wae S 96 Graybox User Manual 1 Introduction The Graybox trading software application provided by Hold Brothers Online Investment Services Inc provides revolutionary day trading and SuperSOES trading functionality The software consists of e Direct access to the NASDAQ ECN s NYSE and the AMEX e A Position Manager to monitor your positions e The Graybox quote display a quote monitor for market makers and ECNs e Comprehensive Analytical tools and Charts to monitor the market This manual is a detailed overview of Graybox As new versions are released and features added please refer to the Hold Brothers website for frequent updates RedTick ebpage s Fie ES View Non liso Toole Conigusien Heb pE APE Lat saaa tet 0 68 ak Vol aoa C 4 31 3000 i 41500 209 USQ 2 High 15500 Low 112109 Aoc Vot 201340 Did 31970 Ask 3130 Close 12580 AAZZT AMAT iy 3333 a Urner ie m ii QLGC Tee 1269 L 3 x a amas VAST c JDSU LL a E Fi MNTR
42. gs up the buy Island limit order CTRL E F1 window ISLD Sell Entry Brings up the sell Island limit order SHIFT E F4 window ISLD Short Entry Brings up the short sell Island limit CTRL SHIFT F3 window E INCA Buy Entry Brings up the Inca limit buy window CTRL T ALT F1 INCA Sell Entry Brings up the Inca limit sell window SHIFT T ALT F4 INCA Short Entry Brings up the Inca short sell limit CTRL SHIFT j ALT F3 window T REDI Buy Entry Brings up the buy Redi limit order CTRL R CTRL F 1 window REDI Sell Entry Brings up the sell Redi limit order SHIFT R CTRL F4 window REDI Short Entry Brings up the short sell Redi limit CTRL SHIFT CTRL F3 order window R BTRD Buy Entry Brings up the buy BTRD limit order CTRL Y SHIFT F1 window BTRD Sell Entry Brings up the sell BTRD limit order SHIFT Y SHIFT F4 window BTRD Short Entry Brings up the sell short BTRD limit CTRL SHIFT SHIFT F3 order window Y REDI Buy Buy REDI at the offer Ctrl Alt R Ctri Alt R REDI Sell Sell REDI at the bid Alt Shift R Alt Shift R REDI Short Sell Sell REDI short at the bid Ctrl Alt Shift Ctrl Alt Shift R R ARCA Buy Buy ARCA at the offer Ctrl Alt c Ctrl Alt C ARCA Sell Sell ARCA at the bid Ctrl Shift C Ctrl Shift C ARCA Short Sell Sell ARCA short at the bid Ctrl Alt Shift Ctrl Alt Shift C C ARCA Buy Entry Brings up the ARCA buy limit order Ctrl C Ctrl C window ARCA Sell Entry Brings up the ARCA
43. he current status of the connection between Graybox and ECN s Graybox Main Window Setting the Colors To change the foreground and background colors for the Stock and Quantity boxes and the message bar 1 Right click on the active order window to get the Graybox menu 2 Select Setup then Color A window appears Color Options x Colors noa N socom M PF Graybox User Manual 45 3 Click the jz button next to Foreground or Background A window appears Color MEI Basic colors aCe ee let fot 7 ER See eee EEE ee eee EEE er Custom colors i i i i i pp i i i i i ep Define Custom Colors gt gt Canca 4 Select the color you want 5 Click OK 6 Click OK again to save your changes Graybox Main Window Setting the Font To change the font for the column headings and tabs in the Graybox main window 1 Right click on the active order window to get the Graybox menu 2 Select Setup then Fonts A window appears a x Font Font style Size _ ahoma i MEC Cancel A ahoma Terminal Times New Roman Verdana I Strikeout T Underline Color Black x Script Westem 7 Graybox 46 Effects Sample 3 Select the font then click OK Graybox User Manual 47 Graybox Main Window Setting the Sounds When a trading event occurs an execution partial fill confirmation cancellation or error Graybox can play a so
44. he MM s and ECN s at that level or use the and keys on the number pad These keys will only update the MM s and ECN s if you check the Follow MM on price change box in the trading options setup or use the 4 next to the Price box To enable your arrow keys to change the price go to the keymap config 1 100 2 200 etc On the main keyboard 0 1000 Shift 2 2000 Shift 3 3000 etc Shift Your current long or short position in the stock Example You are long 1000 DELL and you sell 250 shares Hitting Shift changes the quantity to 750 Moves the cursor to the Quantity box so you can manually type the size yourself End decreases the size of the step by one increment Shift End increases the size of the step by one increment or click the 7 next to the Step box and select the step 54 4 Order Options 5 Submit the order Graybox User Manual Ctrl M checks unchecks the Market check box Not checked order at the inside market Checked market order Home checks unchecks the Subscriber check box Checked order is not displayed on Level Two Override check box Checked order can cross the inside market Any check box Not checked order is All or Nothing Checked accept any amount you get filled with e You can send an order through any of the named ECN s by clicking on one of the Standard buttons or e Click the letter that is setup in the keymap config cl
45. hit the Enter key The ECN or market maker appears in the routing list 6 Repeat steps 4 and 5 for each market maker and ECN you want to include 7 To change the order of a symbol in the list a Select the symbol in the list Graybox User Manual 35 b Click the Move Up or Move Dn button as many times as necessary 8 The split order by display size is a feature that breaks up your order should the volume been shown on level two is less than the size of the order you are sending Example you send a sell order for 2000 shares and ISLD is at the inside showing 800 shares This feature will split the order up so that 800 will go to ISLD and the remaining 1200 will go to the next ECN or SOES and so on 9 The user can also specify what price the order will be sent out above the inside market by adjusting the delta value To remove an ECN or market maker from the list 1 Select the symbol in the list 2 Click the Delete button To clear the list and start over Click the Clear button DYNAMIC SMART ORDERS Works with the same settings as the regular smart orders with the exceptions of that the dynamic orders will sends out all orders as IOC s tries again on cancels and rejects at the same price or better up to 5 times 4 4 IGNORE MM LIST A trader who is launching multiple orders may chose to ignore certain market makers when launching an order Select setup from the Graybox menu and pick ignore MM list By checking
46. ick U for BRUT etc or e Click one of the Dynamic buttons or e On the number pad click the number for one of the Dynamic buttons In the above example click 0 for REDI etc e To send the SuperSOES orders the INSERT key sends a SOES MKT order and the DELETE key sends a SOES LMT order This must be enabled in the keymap The Buy or Sell button sends a broadcast SelectNet buy order The order preference box must be open Decimal on the number pad sends ISLD order at the specified price Enter on the number pad sends an INCA order at the specified price on the number pad sends a broadcast SelectNet order This is a non liability order 55 5 3 SUPERSOES Graybox is SuperSOES compatible Some features of SuperSOES o SOES is available for Principal accounts Prop Traders amp Customer accounts o SOES orders can be sent up to a share size of 999 999 SOES tier limit rules become redundant o A Market Maker s display as well as his reserve size will be available for auto execution o SelectNET becomes a non liability system except for ECNs SNET Non Liability Type The arrival of SuperSOES is going to turn SelectNet into a non liability negotiation system Marker Makers will not be liable to fill preference orders even if they are displaying a certain size ECN s however will be treated the same way as before Graybox will automatically send non liable orders to SNET Graybox supports three ty
47. if Qty Remaining Maximum Share Qty SOES Delta C Single Order Lot Size Blast 2 see can EE IV Blast upto GB Order Quantity Max Price Differential Max Number of Orders J Use Smart Order Preference List IV Send SOES Delta if Oty Remaining Maximum Share Qty SOES Deka por Single Order Lot Size pemi J Blast upto GB Order Quantit Maximum Levels zi gerani Max Price Differential Max Number of Orders Maximum Share Qty Single Order Lot Size Preference List E se smart Order I Send SOES Delta if Qty Remaining Global Blast Settings Send Orders at Displayed Size C Send SOES MKT for every blast order Ignore O islo O inca O REDI Osmo Oer O arca O mkxT O 50E5 mm IN INSIDE C SNET mms cence _ 3 Fill in the Blasting Setup windows as follows Maximum Levels Max Price Differential Max Number Of Orders Graybox User Manual The maximum number of price levels that orders can be sent to The maximum difference in price from the inside market that orders will be sent to Levels This protects you in case the steps between price levels are large So 25 would be a quarter away from the inside market Maximum number of orders that will be sent out with each key stroke 71 Maximum Share Quantity The maximum number of shares that can be possibly accumulated Single Order Lot Size Blast Up To GB Order Quantity
48. ig after you right click in the main Graybox window 5 5 Order Entry bar on MM window This version of Graybox comes with a new order entry screen that is part of the MarketMaker window The window can be used to trade both listed and OTC securities and allows orders to be routed to all available ECNs Exchanges In addition the Order Entry window allows users to send new types of orders Stop Stop Limit MOC LOC as well as change the Time In Force of an individual order on the fly Graybox User Manual 60 T NNM Microsoft Corporation mser foio S OP HP FP 2 000 Lst 61 83 Bid 61 81 Shr 3 Low 61 50 Net 0 27 Ask 61 83 Shr 12 H 62 24 Vol 6 850 200 cls 62 10 Opn 62 14 _ Tme10 41 48 LIVE pe _seu_ sHort BID f ASK ue T ISLD h Y INCA REDI ARCA BRUT BTRD MKXT SOES SNET SMART SALIENT FEATURES o Users can change the type of a particular order by selecting from the Order Type drop down list Not all ECNs Exchanges support all Order Types Consult the matrix included in the appendix that lists the Order Types supported by various ECNs Exchanges Graybox User Manual 61 The order side can be switched by clicking on the BUY SELL SHORT buttons The Limit Price and the Stop Limit is updated live based on the current inside market By default for the buy side the price is based on the best inside ask and for the sell short side its based on the best inside ask However the qu
49. ills any highlighted order This is F12 SHIFT C order for one individual order at a time Buy INCA Buy Inca on the offer Thatis you ALT Pause CTRL ALT F1 are trying to buy at the offer price using Inca to route your order Sell INCA Sell Inca at the bid You are trying ALT F1 CTRL ALT F4 to sell at the bid using Inca to route your order Inca Short Sell Sell Inca short at the bid You are SHIFT ALT CTRL ALT F3 trying to sell short at the bid using F1 Inca to route your order Buy ISLD Buy Island on the offer Take the Pause SHIFT ALT F1 Isld offer or buy at the offer price using Isld to route the order Sell ISLD Sell Island at the bid Hit the Isld F1 SHIFT ALT F4 bid or sell at the bid using Isld to route your order ISLD Short Sell Sell Island short at the bid You are SHIFT F1 SHIFT ALT F3 trying to sell short at the bid using Isid to route your order Send Selectnet order Sends a broadcast selectnet buy or F10 SHIFT F10 sell depending which preference box you have open Eg F4 or F9 Selectnet Bid Preference buy on the bid or Listed F8 SHIFT Z buy if focus is on listed symbol Selectnet Offer Preference offer or Listed sell F4 SHIFT Selectnet Preference Preference buy on the offer or F9 ALT Z Bid Listed buy Take the offer Selectnet Preference Preference sell or Listed sell Hit F5 ALT Sell the bid Selectnet Preference Preference short sell on the bid SHIFT F5 ALT gt Short Sell Put in short sell at
50. indows The Graybox application consists of three windows the Active Order window the Messages window and the Position Window You can click on any window and drag it to a new location The Active Order Window This window displays all floating live orders Order Entry Area Graybox Locked File Edit View New Trading Tools Configuration Help 5 25 Geel S a 2 S Cancel SN Type Sym Ot Price Since Status Li rr E GE LOCKED Click To Unlock IBTRD JINCA JISLD FRED FAMRO ISNET ISOES JARCA JBRUT IMKxT BowST ISLKC EPH Ii This window shows e The stock that you currently have the focus on e The quantity size you want to trade To change the quantity you can use the keyboard 1 100 2 200 etc 0 1000 Shift 2 2000 Shift 3 3000 etc Shift Changes your current long or short position quantity in the stock Example You are long 1000 DELL and you sell 250 shares Hitting Shift changes the quantity to 750 Moves the cursor to the Quantity box so you can manually type the number yourself Graybox must be unlocked to do this Graybox User Manual e Cancel Order button cancels the order you have the focus on Active Orders All orders that are entered are displayed in this window until they are cancelled expire or get executed The columns are SN Sequence Number S Side Buy or Sell Type Type of order limit market etc Sym Symbol Qty The number of shares to buy or sell Price Price
51. is allows Graybox to determine whether orders go out as IOC or Normal The logic followed is to allow all orders that post liquidity to be sent out as Normal and all orders that grab liquidity to be sent out IOC E g all Buy orders above the offer go out as IOC while buy order under the offer go out as Normal 28 SelectNet Window Sets how the Selectnet Preference order box appears on your screen e Open Always The Preference order box remains open all the time To close it click the XI button e Smart Follow MM window The Preference order box follows the Xquotes MM boxes In other words it will open for each MM box wherever you last set it e Smart Single location The Preference order box opens where you last set it It will then remain open while you are entering orders for a stock and then closes when you change the focus to another part of the screen e Follow MM stay open The Preference order box will follow the MM boxes and stay open Override e Automatic Allows you to send SelectNet orders away from the NASDAQ inside market without having to select Override in the Preference order box Selects Override automatically e Manual To send a SelectNet order away from the inside market you must click the Override check box manually Graybox User Manual 29 Non Liability Type Graybox User Manual The arrival of SuperSOES is going to turn SelectNet into a non liability negotiation system
52. k Window Aggregate by Price eeeeecscceeeeeeeeeeeeeteaeeeeeeeeeeetsaeenessaaeeeeeeees 22 ECN Book Window Changing the Colors for Price Ranges cccceeceeeeteeeeeeeeeeeeees 22 Changing Back to the Default Colors eeccecscecceeeeeeeeeeeeeeeeeeee eee eeeeaaaaaaaaeaeeeeeeeeeeeees 23 Adding or removing ECNs to the ECN Book Filter eccceeceeeeeeeeeeeeeeeeeeeeeeeeeeeeeaaees 23 3 3 The Island Executions Wind Ow sicccicscsedeivstceesti cere deaedaamenVienracsenduaneiaueis uae Pando gienae rates 24 Island Executions Always On To ccccccceeeseeseeceeeeeeeeeesenseeeeeeeeeeeeeeeeesneneeeeaaeeeeeeeenea 24 Selecting Stocks for the Island Executions Window FILTER eeeeeseeeeeeeeeeeeeeeeeeees 24 Le Cua o A E EE 26 4 1 Setting Up Trading Oplons ccs 5 ci anc ede soe caiacd bec news cough Sista ack ca caucqanershcqcatece taerceysa adentce 26 BD TIS SuperEGNIKEY ite ce act ce ota at aa cata ly Dal acetal a era ta ce eee ad es 33 Graybox User Manual 4 3 Setting Up Smart Order Routing sxtrcccnrerceced ite teat teed aan eteb ede aad beta ea ert eadl tens 35 4 4 IGNORE MM LIST sz eaen a Sew tad viene Segara centered 36 4 5 THE MULTIPLE SWIPE KEYS enore mocca Beka a r Meeetred Gaui cal E EA dats 37 4 7 Setting UP Blasting iseer chetny a wasp E EE E REEE E eens 39 4 8 Setting Up Keyboard Shortcuts cee eeeecceecee cece eeeeeeccaaeeeeeeeeeeee eetaaaaaaaaeeeeeeeeeeenaaaaes 43 Showing or Hi
53. kes for the Graybox main window Keystrokes for the MarketMaker window and Keystrokes for the SNET Preference window See top left of diagram All current used keys are in blue The key combinations for the different functions are in yellow e When you highlight a function the keystroke will come up in yellow For example when you highlight cancel all sell orders the keystroke Alt F12 gets highlighted e To change a function to another keystroke Highlight the function you want to change In the Key column click the keystroke In the example above that would be F12 It will turn yellow Suppose you want to change it to F11 Put the cursor on F11 and click The F12 will change to F11 Now hit apply and you are done e If the new keystroke you choose is already being used for another function a dialog box will appear to let you know this You must either change the other keystroke first so there will be no conflict or disable the keystroke To disable a function double click in the disabled column e There are two default settings on this keyboard One for MTrade users and one for Cyber users To go to these defaults click on Set Default hit yes and choose which default you want e tis a good idea to have all users disable any keystrokes they do not use especially for new traders e To print these keystrokes see the tabs at the bottom of the keymap config Disabled in 2 5 1 will be enabled in later versions Graybox User Manual 43
54. lick the Windows Start button 2 Select HoldBrothers Violations The Violation Report window appears RP Violations Version 2 2 HNE 3 Type your BRSQ in the Your Trade Account box 4 Click the Get Violations button Your violations report for today appears e To print the report click the Print button e To save the report to disk click the Save As button Graybox User Manual LS a EE E EE e 82 9 4 Assigning Trades To assign one of today s trades to another account 1 Right click on the active order window to get the Graybox menu 2 Select Assign Trades A window appears For example Assign Trades x dh Assign From BRSQ aor Update Execution List Is fE side stock oty price time exch contra Ref Num RtrMsgiD_ Rtrio a 0046 4 BOT WwCOM 100 17 860 9 37 00 AM ISLD ISLD AOFPO046 319 cance 3 You can change the Assign From BRSQ to another BRSQ if you have permission to do so Highlight the trade you need to reassign Select the destination BRSQ in the Assign To box Change the quantity if necessary Click the Assign button A confirmation box appears Click OK ON ODO OO Ff Refreshing the Screen To refresh this screen at any time click the Update Execution List button Graybox User Manual 83 9 5 Manual Entry Manual entry should be used to insert an execution into the system when it does not appear in the blotter For example
55. o MMs amp Defaults to Ctrl 1 Preferences the market makers ECN s in the ECNs in the current Dynamic buttons numbered 0 and 1 in the Preference order box In order box the sample screen above this would be REDI and MONT First three or more Defaults to Ctrl 2 Ctrl 3 and so on Preferences the market MMs amp ECNs inthe makers ECN s in the Dynamic buttons numbered 0 1 and 2 those in current order box the Dynamic buttons numbered 0 1 2 and 3 and so on 8 2 Crush Orders CRUSH KEYS The Crush keys send out orders to everyone in the inside market plus a SOES Market order This functionality of Graybox has been upgraded to allow users to have the option of ignoring SelectNet market makers and sending the SOES order at a different size from the rest of the orders In addition this version comes with two extra sets of Crush keys that can be configured and enabled by the users To set the Crush parameters on the context menu click on Setup gt Crush Market The options are o Super SOES Order Qty The size of the SOES MKT Order to be sent out o Send SNET Preference Orders to Market Makers f this check box is turned on the Crush keys will send out preference orders to all market makers and ECNs in the inside market If turned off only the ECNs are preferenced along with the SOES order Crush Market Setup 1000 O By default the new set of CRUSH key functions are disabled with no keystrokes assigned to them
56. one key execution with the market maker or ECN of his choice You set up a list of ECNs and market makers in priority order If the first choice is not available the smart feature moves down the list to the next available ECN or market maker e CTRL S sends a sell order to the first choice on your smart order routing list If your first choice is not available the order will go to the next choice and so on until the order goes out e CTRL B sends a buy order to your smart order routing list e Shift S sends a short sell order to your smart order routing list Note Using SNET as an option will send the order to the market maker or ECN that displays the highest volume in the inside market You can also send a SOES limit or market order To send a SOES limit use SLMT To send a SOES market use SOES To set up Smart Order Routing 1 Shift focus to the active order window 2 Right click on the active order window to get the Graybox menu 3 Select Setup in the menu then Smart Order A window appears Smart Order Setup Es ie Tadd For Quantity Remaining Delete SOES Sends SOES MKT SLMT Sends SOES Limit Clear SDLT Sends SOES DELTA _ INC Sends INCA MKT Move Up EA Split Order by Display Size Move Dn oO Post Remaining bo best EG Delta from Inside ooz OK Cancel 4 Type the four letter market maker or ECN symbol in the top field 5 Click the Add button or
57. or a selected stock 1 Set the focus on the stock so it appears in the Graybox window Graybox User Manual 65 2 Click the F11 key This is the default keystroke 3 See 0 button above To cancel all BUYS for an individual stock 1 Select the stock so it appears in the Graybox window 2 Click Shift F12 This is the default keystroke To cancel all SELLS for an individual stock 1 Select the stock so it appears in the Graybox window 2 Click AIt F12 This is the default keystroke Graybox User Manual 66 To cancel all SelectNet orders for a stock 1 Select the stock so it appears in the Graybox window 2 Click Shift F11 To cancel all SOES orders for a stock 1 Select the stock so it appears in the Graybox window 2 Click Ctrl F11 New Cancel Keys e New keys send cancels out for the current active orders which are the highest priced buys and the lowest priced sells Also there is an additional key which cancels the last order sent out They are disabled by default and needs to be enabled by using the KeyMap Config The keys are Cancel High Buys Sends cancels out for the highest priced buy orders in the active order window for the selected stock Alt 8 On Numpad Cancel Low Sells Sends cancels out for the lowest priced sell orders in the Active Order window for the selected stock Alt 9 Cancel last Order Sends a cancel request for the last order entered Alt 7 Graybox User Manual 67 8 Advance
58. order is routed using the smart order algorithm Meaning the order will be sent Graybox User Manual 74 out using the choices you have used in your smart order setup Therefore if you have no variables in the smart order setup no orders will be sent out Also note that these orders are going to the inside market and by default the split order by display size is turned on Meaning if you are covering a large position and a MM is showing 3000 shares the order will go to him for 3000 shares 1 To cover Selected stock 2 To cover all open positions 3 Cover Long Positions 4 Cover Short Positions 5 Cover half longs 6 Cover half shorts Graybox User Manual v Show Header v Show Summary v Show Tabs Cover All Cover Selected Cover Long Positions Cover Short Positions Cover Half Longs Cover Half Shorts You must have the focus on the MM box you wish to cover Defaults to Ctrl Alt Shift F1 Defaults to Ctrl Alt Shift Pause Defaults to Ctrl L Defaults to Ctrl K There is no keystroke equivalent for this function There is no keystroke equivalent for this function 75 Graybox User Manual 76 9 1 Daily Blotter The daily blotter records every executed trade for the current trade day To see your daily blotter 1 Right click on the active order window to get the Graybox menu 2 Select Daily Blotter Your daily blotter appears For example The columns are
59. order will go out to XXXX for 1000 shares at 77 82 as 3500 crosses the threshold quantity of 2000 To set the threshold quantity for the Automatic mode go to Trading Options and set the SNET Auto Threshold Quantity field with the appropriate value 30 SNET Box Focus On SelectNet Cancels Quote Style Graybox User Manual e This allows users to configure which button will have the focus once they open their SNET Preference window If you choose an ECN you can use the Tab key to tab through the ECN boxes If you choose SNET you can use the Tab key to tab through the Market Maker buttons Hitting the enter key then launches the order e Enter amp Order This feature allows users to preference various market makers ECNs at different levels by repeatedly pressing the ENTER key in the SNET Pref Window To enable this feature the user needs to have the SNET Box Focus set to SNET in Trading Options On bringing up the SNET Pref Window the focus is set on the first market maker button Hitting ENTER sends out a preference order for the market maker represented by the button Automatically the focus shifts to the next market maker button Hitting ENTER again sends out a preference to that particular market maker and so on and so forth At the end of each level SNET Pref Window moves to the next price level with the focus on the first market maker button The type of cancel sent for a SelectNet order since SelectNet orders c
60. ote side can be toggled by clicking on the B D ASK buttons Upon manually changing the price the window stops updating the Limit Stop Limit entry fields and the L VE button is pressed up To return to the live mode click on the L VE button again or change the symbol The routing exchange for ABN AMRO and SLKC can be changed by selecting from the AMRO and SLKC drop down lists The options are SDOT Direct and AMEX Ability to select the routing exchange for SWEST orders in not available in this version all orders go over the SDOT line The display mode for ISLD orders can be changed on the fly by selecting from the ISLD drop down list BY default all ISLD orders will go out based on the option selecting in Trading Options Changes do not affect the default selected in Trading Options Additionally the Time In Force for any particular order can be changed by selecting from the TIF drop down list All orders go out with default settings as selected in Trading Options unless manually overridden for the particular order All ECNs Exchanges do not support all Time In Force options Consult the matrix included in the appendix that lists the TIF options supported by various ECNs Exchanges Graybox User Manual 62 ca ST n SLKC n M o Also hot keys are available for the Order Entry window They can be assigned from the KeyMapConfig Window by selecting the MarketMaker tab They are all disabled by default The curren
61. ox with levels consolidated Levels according to NASDAQ price levels Selectnet Preference Launch Selectnet Preference sell Ctrl F5 Ctrl Alt Sell Consolidated box with levels consolidated Levels according to NASDAQ price levels Selectnet Pref Short Launch Selectnet Preference short Ctrl Shift F5 Ctrl gt Sell Consolidated sell box with levels consolidated Levels according to NASDAQ price levels Selectnet Short Offer Launch Selectnet Preference short Ctrl Shift F4 Ctrl Shift gt Consolidated offer box with levels consolidated Levels according to NASDAQ price levels Edit QTY Sets the focus on the qty box on S QTY 100 Sets the qty to 100 shares 1 1 QTY 200 Sets the qty to 200 shares 2 2 QTY 300 Sets the qty to 300 shares 3 3 QTY 400 Sets the qty to 400 shares 4 4 Graybox User Manual 91 QTY 500 Sets the qty to 500 shares 5 5 QTY 600 Sets the qty to 600 shares 6 6 QTY 700 Sets the qty to 700 shares 7 7 QTY 800 Sets the qty to 800 shares 8 8 QTY 900 Sets the qty to 900 shares 9 9 QTY 1000 Sets the qty to 1000 shares 0 0 QTY 2000 Sets the qty to 2000 Shift 2 Shift 2 QTY 3000 Sets the qty to 3000 Shift 3 Shift 3 QTY 4000 Sets the qty to 4000 Shift 4 Shift 4 QTY 5000 Sets the qty to 5000 Shift 5 Shift 5 QTY 6000 Sets the qty to 6000 Shift 6 Shift 6 QTY 7000 Sets the qty to 7000 Shift 7 Shift 7 QTY 8000 Sets the qty to 8000 Shift 8 Shif
62. pes of non liable SNET orders that can be selected by the user in Trading Options gt SNET Non Liability Type e Oversize All SNET orders will go out at a quantity 100 greater than what the preferenced market maker is displaying If the order Qty is less than the minimum oversize requirement the order qty will be automatically changed to meet the requirement e Price Negotiation SNET preference orders will automatically go out at a penny better than the price a market maker is quoting E g if MSCO is bidding at 45 01 a preference sell order will go out at 45 02 If MSCO is offering at 45 02 a preference buy order will go out at 45 01 Automatic In this mode Graybox sends out oversized SNET preferences when the order quantity is less than or equal to a specified threshold amount If the market maker display size is greater than the threshold quantity the preference is sent out using the Price negotiation mode E g suppose the threshold quantity for a user is 2000 and the Order Quantity is 1000 If market maker XXXX is offering 1500 shares of MSFT at 77 83 Graybox will send preference buy order to XXXX for 1600 shares at 77 83 However if XXXX was offering 3500 shares of MSFT at 77 83 the preference order will go out to XXXX for 1000 shares at 77 82 as 3500 crosses the threshold quantity of 2000 Graybox User Manual 56 To set the threshold quantity for the Automatic mode go to Trading Options and set the SNET Auto Threshold Qu
63. raybox User Manual The maximum number of price levels that orders can be sent to The maximum difference in price from the inside market that orders will be sent to Levels This protects you in case the steps between price levels are large So 25 would be a quarter away from the inside market 40 Max Number Of Orders Maximum Share Quantity Single Order Lot Size Blast Up To GB Order Quantity Send SOES Delta If Qty Maximum number of orders that will be sent out with each key stroke The maximum number of shares that can be possibly accumulated Having this option checked will send an additional order for Remaining any remaining quantity to SOES with a limit price of the inside plus the delta value that is choosen Display Size Allow you to send out orders in the size the MM is displaying Send SOES Sends a SOES market order with every blast order This is not in addition to your Max Share Qty Ignore Check off any ECNs or market makers that you do not want your orders to go to Blasting Buy 1 Defaults to Alt F9 Blasting Sell 1 Defaults to Alt F5 Blasting Short Sell Defaults to Shift Alt F5 1 Blast Buy 2 Alt N Graybox User Manual 41 Blast Sell 2 Blast SS 2 Blast Buy 3 Blast Sell 3 Blast SS 3 Graybox User Manual Ctrl N Ctrl Alt N Alt J Ctrl J Ctrl Alt J 42 4 8 Setting Up Keyboard Shortcuts e In this version of Graybox the Keystrokes are divided into three lists Keystro
64. rders do not set the default below 120 seconds otherwise the order will get rejected The default number of shares for each trade that appears in the Quantity box in the Graybox main window Set the display quantity and if remaining quantity exists will be set to reserved quantity e Normal All orders going to an ECN are marked as Normal and they are shown on the NASDAQ Level 2 display as well as the ECN book However Normal orders cannot lock or cross the market If you try to do this the order is rejected e Subscriber All orders going to an ECN are marked as Subscriber Only Hidden They are shown on the ECN book but not on the NASDAQ Level 2 display These orders can lock or cross the market e Automatic Graybox detects which orders can potentially lock or cross the market and sends them out as Subscriber Only All other orders go out as Normal Hidden Allows you to send hidden Island orders The SNET preference box allows users to send hidden orders to Island by enabling the Hide check box on the preference box i e the order is not seen on Level 2 or the Island book Valid for Otrade using Real Tick amp Xquotes Automatically changes the quantity to your current long or short position in that stock when you go to cover your position However if the position is greater than your default qty size then the order will go out for the default size For example if you were long 375 shares o
65. reases the order Shift Increases or decreases a floating order by 0 02c Alt Increases or decreases a floating order by 0 01c Ctrl Shift Reflash order by 0 005c Alt Shift Reflash order by 0 002c Ctrl Alt Reflash order by 0 001c End Preference order box Decreases the size of the step by one increment Shift End Preference order box Increases the size of the step by one increment Home Preference order box Checks unchecks the Subscriber check box SelectNet orders Page Up Preference order box Shows the next lower price level Page Down Preference order box Shows the next higher price level Keys on the Number Pad Keystroke Location Action Decimal Preference order box Sends an Island order must be open Enter Preference order box Sends an Inca order See section on trading options where you can change the focus and use the enter key to send different orders Graybox User Manual 96 Keystroke Location Action x Preference order box Sends a selectnet broadcast order Preference order box Shows the next lower price level Preference order box Shows the next higher price level Graybox User Manual 97 Copyright 2000 Hold Brothers online investment services Inc All Rights Reserved No part of this publication may be reproduced or transmitted in any form or by any means graphic
66. routed using the smart order algorithm Meaning the order will be sent out using the choices you have used in your smart order setup See Smart Ordering Therefore if you have no variables in the smart order setup no orders will be sent out _ Also note that these orders are going to the inside market and by default the split order by display size is turned on Meaning if you are covering a large position and a MM is showing 3000 shares the order will go to him for 3000 shares Graybox is assuming you want to get out as fast as possible v Show Header v Show Summary v Show Tabs Cover All Cover Selected Cover Long Positions Cover Short Positions Cover Half Longs Cover Half Shorts 1 To cover Selected This covers your position in the stock you have the focus on stock Defaults to F4 Shift Ctrl Alt Shift F1 2 To cover all open Defaults to Pause Shift Cir Ak Ctrl Alt Shift Pause positions 3 Cover Long Defaults to Ctrl L Covers all long positions Positions Graybox User Manual 4 Cover Short Defaults to Ctrl K Covers all short positions Positions 5 Cover half longs There is no keystroke equivalent for this function 6 Cover half shorts There is no keystroke equivalent for this function 2 3 Order Details To view the details for an order double click on the order The Order Details window appears For example Order Details Sequence Order Type Side Symbol Quantity
67. rs A window appears System Configration x Connections RealTick Graybox Quates Charts M GB Router Primary GB Router GJCRTRBETA Secondary GB Router a GB Router Port 31415 Logon GB Admin Server azar GB Admin Port f Entitlement Database Logon Using O GB Admin Server Direct DB Connect m Trade Using Graybox Quotes O RealTick Quotes 3 Set the server and router settings The Graybox Quotes box must be checked to activate the Graybox quote display 4 For all the correct settings correctly Graybox User Manual lease ask one of the Techs to set u our a lication 50 4 11 Links 1 Right click on the active order window to get the Graybox menu 2 Select links This is a feature that links the Real Tick Charts and MM boxes to the Graybox quote display MM box Have one of the techs show you how to set up these links FROM checked When you change the symbol in a real tick MM box it also changes in the Graybox MM box TO checked When you change a symbol in the Graybox MM box it changes in the real tick MM box TO ON ENTER checked When you tab between MM boxes in Graybox the real tick MM box will not change until you press enter Graybox User Manual 5I 5 Entering an Order Graybox v2 4 7 AOFP GJCRTRBETA E UNLOCKED Click To Lock 5 IBTRD JINCA JISLD FRED FAMRO ISNET ISOES JARCA JBRUT BAT IN SwST I a_n IN this ver
68. s and asks at different levels for all the available ECN s e REDI TOB This version supports REDI Top of the Book feed as and when they are available from our book servers Graybox User Manual 18 To change the display for the ECN books in the Market Maker window 1 Go to the Market Maker menu select ECN Books then select the setting you want to view for the ECN Book 2 Repeat step 1 for each ECN book as necessary By having none of them checked you will be seeing the quote data from NASDAQ 3 What is Instinet TOB setting This is a separate service that we subscribe to from Instinet which gives us the best bid and ask on INCA Top of Book Books Configration x Island C Inside Full C None Arca C Inside Full None Redi C Inside Full C None Brut C Inside Full None Inca Inside Full C None m Inca TOB Top None m Btrd TOB Top C None m Redi TOB Top C None Apply Cancel Market Maker Window Consolidate Level 2 CONSLIDATED SELECTNET PREFERENCE KEYS when using Graybox quote display to trade the consolidated SNET keys brings up the preference box pegged to NASDAQ Price levels The ECN book data is consolidated according to NQDS price levels displaying an aggregated volume of all ECN quotes between levels The Market Maker windows also give the ability to display quotes by consolidating ECN book data This option is usually ch
69. sion of Graybox there is a new menu bar right where it says file edit etc which displays all functions and their keyboard shortcuts Just click on the appropriate word and follow the drop down window Graybox gives a user multiple ways to enter orders Some of the basic ways are as follows 1 Select the stock Type the stock in a MM window and press Enter or set the focus on the MM box of the stock you wish to trade 2 To change the The quantity will automatically come up as your default size quantity If you want to change the qty size use the number keys as follows 1 100 2 200 etc 0 1000 Shift 2 2000 Shift 3 3000 etc Shift Changes your size to your current long or short position in a stock Example You are long 1000 DELL and you sell 250 shares Hitting Shift changes the quantity to 750 Moves the cursor to the Quantity box so you can manually edit the qty size yourself 3 Submit the order See all the ways to do this from the choices below Graybox User Manual 52 2 5 1 Launching ECN Orders SNET Order Entry symbol MISSIN rrice CRT BRUT ARCA ATTN REDI BTRD ISLD JiNCA SOES MKT SOES LMT suescr O Hie O mkt M ovra O any Cancel Bwy Please see the Keyboard Reference at the back of the manual for all the different keystrokes for launching an ECN order Remembering that most of these keystrokes are programmable ECN orders can also be launched by
70. so orders can be sent out in a quantity different from your default size Check the box marked display size to do this What this does is send an order to a MM for the quantity he is showing To set up blasting 1 Right click on the active order window to get the Graybox menu 2 Select Setup in the menu then Blasting A window appears Graybox User Manual 39 Blasting Setup Blast 1 Maximum Levels Max Price Differential Max Number of Orders J Blast upto GB Order Quantity ial Use smart J Send SOES Delta if Qty Remaining Order Preference List Maximum Share Qty SOES Delta CH Single Order Lot Size Blast 2 see can EE IV Blast upto GB Order Quantity Max Price Differential Max Number of Orders Maximum Share Qty Single Order Lot Size J Use Smart Order Preference List IV Send SOES Delta if Oty Remaining Blast 3 Maximum Levels Max Price Differential Max Number of Orders Maximum Share Qty Single Order Lot Size J Blast upto GB Order Quantity Jo Use Smart Order Preterence List I Send SOES Delta if Qty Remaining Global Blast Settings Send Orders at Displayed Size Ignore C Send SOES MKT for every blast order Oiso O inca O revi Osmo Oer O arca O mkxT O 50E5 MMIN INSIDE C SNET MMs cance _ 3 Fill in the Blasting Setup windows as follows Maximum Levels Max Price Differential G
71. st four levels and so on Tab Set focus to previous ECN button Shift Tab Set focus to next ECN button Right Increment price by half step Left Decrement price by half step Increment Ctrl Up price by 0 20 Decrement Ctrl Down price by 0 20 Increment Ctrl Right price by 0 05 Decrement Ctrl Left price by 0 05 Increment Shift Up price by 0 02 Decrement Shift Down price by 0 02 Graybox User Manual 94 Keystroke Location Action Increment Shift Right price by 0 01 Decrement Shift Left price by 0 01 Increment Alt UP price by 0 005 Decrement Alt Down price by 0 005 Increment Alt Right price by 0 001 Decrement Alt Left price by 0 001 Letter Keys Keystroke Location Action Alt L Locks unlocks Graybox Ctrl D Refreshes the Graybox main window by resynchronizing it with the database Ctrl M Preference order box Checks unchecks the Market check box SelectNet orders Alt T Opens a new MM window Alt Home Changes the Any flag Shift Home Changes the Hide flag Ctrl Home Changes the Override flag Graybox User Manual 95 Other Keys on the Main Keyboard Keystroke Location Action Cancel replaces a highlighted floating order Ctrl Alt Shift Reflash order by 0 10c Ctrl Increases or decreases a selected floating order by 0 05c If the order is a Sell this decreases the order If it is a Buy this inc
72. t 8 QTY 9000 Sets the qty to 9000 Shift 9 Shift 9 QTY 10000 Sets the qty to 10000 Shift 0 Shift 0 Set Position QTY Sets your qty size to your open Shift Shift position Set Odd Hundred Sets your qty size to the odd Ctrl Ctrl number below 100 For example your long 120 shares Pressing Ctrl will reset your qty to 20 shares Set Odd Thousand Sets your qty size to the odd Alt Alt number below 1000 For example you are long 3850 shares Pressing Alt will reset your qty to 850 shares Send Arca Order From the Preference Box Alt A Alt A Send Attain Order Alt T Alt T Send Btrd Order Alt B Alt B Send Brut Order Alt U Alt U Send Inca Order Alt l Alt l Graybox User Manual 92 Send Isld Order Alt Decimal Alt Decimal Send Nxtr Order Send Redi Order Alt R Alt R OTHER KEYSTROKES Keystroke Location Action 0 Main Graybox window Sets the quantity to 100 Preference order box 1 2 etc Main Graybox window Sets the quantity to 100 200 etc Preference order box Main Graybox window Moves the cursor to the Quantity box so you can Preference order box edit the number yourself Shift 2 Main Graybox window Sets the quantity to 2000 3000 etc Shift 3 etc Preference order box Shift Main Graybox window Sets the quantity to your current long or short Preference order box position in the selected stock Example
73. t clicking anywhere on the Market Maker window shows the Market Maker menu Sort Set Colors Set Font Round Quotes Group Quotes Show Time ECN Books Hi Lite MarketMaker v Always On Top b b b b b b Consolidate Level 2 Remove Market Maker Market Maker Window Always On Top To have this Market Maker window always appear on top of any other windows or screens Graybox User Manual 14 In the Market Maker menu select Always On Top Minimizing Graybox minimizes all Graybox quote displays windows Market Maker Window Round Quotes amp Group Quotes In the MM box you have a choice of how you would like to see the quote display For example if you do not want to see all the very small quotes listed on the ECN s then you could round to the nearest penny Just go to Round Quotes and pick the decimal you want to round to Sort Set Colors Set Font Round Quotes Group Quotes Show Time ECN Books Hi Lite MarketMaker v Always On Top b b b b b b Consolidate Level 2 Remove Market Maker Group Quotes Graybox allows price levels to be combined in the marketmaker window by placing all market makers amp ECN quotes within a price range as a single group Each group corresponds to a single price level The SNET preference window also represents each group as one level The grouping values range from 1 cent to 50 cents E g if the grouping value is chosen as 5
74. ted directly to REDI or through SelectNet Sets ARCA orders to be routed directly to ARCA or through SelectNet Sets BRUT orders to be routed directly to BRUT or through SelectNet Sets ATTN orders to be routed directly to ATTN or through SelectNet Options on or off This feature will be available in a future release Options Last Peg Peg None Mid Price or Primary Peg This feature will be available in a future release This feature will be available in a future release This feature will be available in a future release Sets the default quantity for individual stocks This is the default number of shares that appears in the Quantity box in the Graybox main window This is used where you want to trade certain stocks in a quantity different from your default qty size Type the stock and the quantity then click Add Users can set minimum and maximum quantity values while changing their share size using the arrow keys That is by increasing you share size using the arrow keys it will not go above the scroll max 32 Window Style Show Firm Position Show Quantity Auto Adjust Bullet Size Rounding Style Sets the Position Window to be e Docked Attached to the Graybox main window and moves with it e Floating Free floating so you can move it with the cursor Make sure you are enabled for this feature Ask one of the techs e The Graybox Marketmaker window comes with an Order Quantity field
75. tly available hot keys are Reset Order entry to Buy at the Bid Reset Order entry to Sell at the Bid Reset Order entry to Sell at the Ask Reset Order entry to Short at the Bid Reset Order entry to Short at the Ask Click the INCA Button Click the ISLD Button Click the BTRD Button Click the BRUT Button Click the MKXT Button Click the REDI Button Click the ARCA Button Click the SWEST Button Click the AMRO Button Click the SMART Button Click the SLKC Button Toggle SLKC routing exchange Toggle AMRO routing exchange Toggle SWEST routing exchange Toggle ISLD display mode Add Step to Limit Price Subtract Step from Limit Price Add Step to Stop Limit Subtract Step from Stop Limit o To enable the Order Entry Window make sure the user selects Always for MM Order Entry Display in Trading Options its selected as Never by default After that the window properties will be saved as part of the layout Graybox User Manual 63 6 Changing a Floating Order An order that is floating and that has not been executed or cancelled may be changed Graybox v2 4 7 AOFP GZJCRTRBETA Oe x 100 42 3700 GG UNLOCKED Click To Lock 1 Highlight the order to be changed 2 Hit one of the following Defaults to Ctrl Alt Shift Increases or decreases floating order by 0 10c Defaults to Ctrl Increases or decreases floating order by 0 05c If the order is a Sell this decreases the order If the order is a Bu
76. tness for a particular purpose Hold Brothers online investment services inc Inc reserves the right to make changes to any products herein without further notice This information is considered to be CONFIDENTIAL PROPRIETARY and a TRADE SECRET of Hold Brothers online investment services Inc and shall not be reproduced or further disclosed to anyone other than an authorized Hold Brothers online investment services inc Inc employee or client without prior written consent from Hold Brothers online investment services inc Inc Nov 03 2002 Hold Brothers online investment services Inc Newport Tower 525 Washington Boulevard 14th Floor Jersey City New Jersey 07310 Phone 201 499 8700 Fax 201 499 8750 http www holdbrothers com
77. to the basket a Type the stock in the Stock box b Type the quantity in the Qty box c Click the 7 next to the Exchange box then select the exchange to route the order for this stock to Here you have the option of using individual ECN s or use smart functions in order to get filled d Click the Add button Graybox User Manual 713 4 Repeat step 3 for each stock you want to include in the basket To remove a stock from the basket Select it then click the Delete button To clear the basket and start over Click the Clear button 5 To buy sell or short this basket of stocks click the Buy Sell or Short button This sends the orders to the inside market Buys take the offer and sells hit the bid To save a basket Once you have created a basket you can save it for future use 1 Click Save 2 Type a name for the basket then click Save To exit the basket window Click the X at the top of the window To retrieve an existing basket 1 2 3 4 5 Right click anywhere on the active order window to get the Graybox menu Select Trading Basket The Basket window appears Click Load Select the name of the basket then click Open To buy or sell the basket click the Buy or Sell button You can modify the existing basket then click Save to save the changes Position Covering Open Hedges By right clicking on your position window you bring up the options for covering any open positions The
78. ton again to unlock Graybox When Graybox is locked no orders can be entered ECN Status Bar Shows the current status of the connection between Graybox and ECNs If the symbol is green the connection is up if it is red the connection is down Refreshing the Data If the servers are slow due to heavy traffic and you believe your positions may not be correct Click on position monitor hit Ctrl D This refreshes the data by resynchronizing it with the database This feature should be used sparingly The Messages Window Messages 1000 1000 1000 1000 1000 1000 1000 This window shows all orders that have been executed canceled rejected or are no longer active for any other reason For more details on the status of an order double click on it The Order Details window shows the complete text of any error message that may have appeared View Selections Graybox User Manual To narrow down the incoming messages that are displayed click a tab Execs View only executed orders Cancels Has been disabled Other Has been disabled or click the All tab to view all incoming messages Column Widths To change the column widths 1 Move the cursor onto the line between the two column headings A symbol will appear 2 Right click the mouse then drag the column heading to the left or right Graybox User Manual The Position Window This is your position manager Long positions are shown in green short positions ar
79. ty specified in the setup You can setup the SuperECN key to exclude certain ECN s This feature can be used to go long sell or go short To exclude ECNs from the Super ECN key 1 Right click on the active order window to get the Graybox menu 2 Select Setup then SuperECNKey A window appears SuperECN Key Setup Ea Ignore O isio O ETRO Owca LC BRUT Ore Oer O arca O mkxT SOES Order Qty pos i e SuperECN Key Delta From Inside Cancel 3 Click the ECN s you want the Super ECN key to ignore Putting 0 in the SOES box disables the SOES order 4 Choose what type of order you want to send out 5 Finally the user can specify at what price he she wants the order to be sent out at in respect to the inside market Buying at the offer selling at the bid 6 Click OK e DIRECT SUPER ECN KEY Version 2 5 and forward provides a new Set of SuperECNkKeys that work without having the SNET Pref Window open The orders go out at the current inside market best inside ask for buys and the best inside bid for sells short sells They use the same setting as used by the other SuperECNKeys e The keystrokes are disabled by default and can be assigned using the KeyMapConfig Window by selecting the MarketMaker tab Graybox User Manual 34 4 3 Setting Up Smart Order Routing This feature allows a trader to set up his smart order keys default to CTRL B CTRL S and Shift S for
80. und for confirmation Graybox has a set of default sounds or you can use any wav file of your choice To set the sound for trading events 1 Right click on the active order window to get the Graybox menu 2 Select Setup then Sounds A window appears Sound Setup Ea m Sounds Execution D ADI Partial il 2 Confirmation _ i ADI Cancellation al ADI i TT 2 cults E Carce 3 For each event that you want to associate a sound with a Click the T button next to the event A list of sounds appears b Select the sound c Click OK or If you wish to use your own wav file navigate to the directory where it is located then select it 4 Repeat this step for each event you want to associate a sound with 5 When you are finished assigning sounds click OK Graybox User Manual 48 4 9 Changing Your Password To change your password for the Graybox application 1 Right click on the active order window to get the Graybox menu 2 Select Setup then Change Password A window appears Change Password x User ID Old Password Confirm New Passwd Cancel 3 Type in your old password 4 Type the new password you want to use 5 Inthe Confirm New Password field type the new password again 6 Click OK Graybox User Manual 49 4 10 Changing the Server and Router Settings 1 Right click on the active order window to get the Graybox menu 2 Select Setup then Serve
81. y this increases the order Defaults to Shift Increases or decreases floating order by 0 02c Defaults to Alt Increases or decreases floating order by 0 01c Defaults to Ctrl Shift Increases or decreases floating order by 0 005c Graybox User Manual 64 Defaults to Alt Shift Increases or decreases floating order by 0 002c Defaults to Ctrl Alt Increases or decreases floating order by 0 001c This cancels the selected order and replaces it with a new order that is increased or decreased As aresult you lose the priority of the original order To cancel replace a floating order 1 Select the order to be cancelled replaced 2 Hit the key This replaces an order with one at the same price This function is mostly used for orders that are about to time out 7 Canceling an Order Notes Sending a cancel does not guarantee that the order will be canceled The order may still be filled Check the Messages Window to verify that the order has actually been canceled SelectNet orders must float for 10 seconds before they can be canceled To cancel an individual order 1 Select the order in the active order window 2 Click the Cancel Order button on the Graybox window or Click the F12 key To cancel ALL ORDERS 1 Click Ctrl F12 This is the default keystroke The 0 button on the numpad will cancel all orders in a selected stock For this to work the preference box must not be open To cancel all orders f
82. y to use the number pad 3 As there are almost 200 Keystrokes some are not listed below These are the ones in the keymap config that have not been assigned keys It allows you to choose your own setup Key Function Function description Default M Default C BTRD Buy Sends a Btrade buy on the offer CTRL Pause F2 That is you are trying to buy at the offer price using Bird to route your order BTRD Sell Sends a Btrade sell at the bid That CTRL F1 F5 is you are trying to sell at the bid using Bird to route your order BTRD Short Sell Sends a Btrade short sell at the bid SHIFT CTRL F6 You are trying to sell short at the bid F1 using Bird to route your order Cancel All Orders Kills all floating orders in the Active CTRL F12 Pause Order window That is for all stocks you have orders floating in Cancel High Buys Cancels highest priced buys Alt 8 Alt 8 Cancel Low Sells Cancels lowest priced sells Alt 9 Alt 9 Cancel Last Order Cancels last order entered Alt 7 Alt 7 Cancel all orders for Kills all floating orders in the stock F11 F7 selected you have the focus on Cancel all Selectnet Kills all the floating selectnet orders SHIFT F11 F8 orders in the stock you have the focus on Cancel all SOES Kills all the floating soes orders in CTRL F11 ALT F9 Graybox User Manual the stock you have the focus on 86 Cancel Selected K

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