saxo trader 2 – halifaxonline traders workstation

Halifax Online Notifications via Trading Platforms 1

SAXO TRADER 2 – HALIFAXONLINES

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SAXO TRADER 2 – HALIFAXONLINE

TRADERS WORkSTATION (IB) – HALIFAX OpTIONS TRADER (HOT)

DEALBOOk 360 (GFT)

GAIN CApITAL

FXCM

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STRATEGy RuNNER

NINjA TRADER

THINk OR SWIM

FXDD

guide on the various online notifications via

trading Platforms click below

halifax investment services limitedAustralian Financial Services Licence No. 225973

Date 1st May 2009

2 HALiFAx Online Notifications via Trading Platforms


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INSTALLATION AND SETup

DownloadClick below to download and install the HalifaxOnline live system:

http://mitsweb.iitech.dk/downloads/live/installations/Halifax/en/Halifax_webdeploy.exe

if the .NET doesn’t work, please use this link.

http://mitsweb.iitech.dk/downloads/live/installations/Halifax/en/Halifax.msi

InstallationAfter the installation file has downloaded, run the file to install HalifaxOnline.

The demo platform must be uninstalled before the live platform can be installed, unless the Trade Server address is changed in the Connection Settings. This should be utilized by advanced users only.

Please also note that you can only run the program on ONE computer at any ONE time. You can only run ONE account on any one computer.

After the download, you will see the icon of HalifaxOnline on your desktop.

LoginClick the HalifaxOnline icon and use the iD and password sent to you to log in.

When logging in to the platform for the first time, the platform will request that the user generate or import a security key. The Key Management window should appear. Most of the buttons should be greyed out, as they are unavailable at this stage.

The user can click on the Generate Key button. They then need to contact Halifax, and we can activate the key using the back office platform (CCM).

How to generate a new key?When you log in to Halifax Online for the first time, you will be asked to generate a new key.

1. Click ok and the Key management window will pop up.

2. Click generate new key and ok.

3. You will get message: “You are about to generate a new key. Do you wish to continue?”. Click Yes

4. You will be informed that the key has been generated successfully. You will now need to contact Halifax to have your key activated.

Once the client has generated their key, we will need to activate the key using CCM. To do this, open up the client’s details in CCM, and the button activate key will now be active. Click this to activate the key, and click save to save the changes.



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Backup keyTo load the platform on a second computer, you must first create a backup key, which is a copy of the original security key, and then load the backup key onto the second computer.in order to make a back up key for your trading account, please do the following:

1. Log in to the platform using your login iD and password.

2. Go to the menu tools > options > key management.

3. Click backup key button.

4. You will be asked to provide a password to protect your security key (you choose the password yourself) .

5. Click browse and select a drive and a folder where you want to save your security key.

6. Click ok.

7. A dialogue will be displayed to inform you that the key was successfully saved.

if you saved the key to a portable USB drive, you will only need to select the drive, rather than the files, when you reload the key.

The key is composed of three small files, each of them has your iD as a part of its name. These files are ‘hidden’, so if you need to transport the files in something other than a USB drive, you will need to change the file settings on the computer so that it shows hidden files.

if you want to use the platform on another computer, it is required that you load the backup key.

Load Backup Keyin order to load backup key, please do the following:

1. Log in to the platform using your login iD and the password

2. When you first log in, a dialogue will be displayed instructing you to generate a key or load a back up key. Click ok to acknowledge this dialogue.

3. The key management dialogue will open, allowing you to set up the security key for your trading system.

4. Click load backup key.

5. Enter the location (drive and folder) where the backup copy of your security key is located. To do this, click browse and select a drive and folder accessible from your PC.

6. Enter the password you used to protect your key and click next.

7. A dialogue will be displayed to inform you that the key was successfully copied to this computer. Click ok to acknowledge this dialogue.

Decrypt Session KeyError message: could not decrypt session key or your local security key does not match the key stored on the trade server.

The message means that your current key is corrupted or you have generated a key on another pc. You will need to delete the current key and generate a new key.

1. Click ok to the message and the key management window will open.

2. Click delete current key and then ok.

3. in order to log in again, you will be asked to generate a new key or load a backup key. Please refer to the HOW TO GENErATE A NEW KEY and HOW TO LOAD BACKUP KEY sections above for more details.

Change passwordThe user can change their password at anytime, by going to tools and clicking change Password.

Alternatively, you can change the password in CCM by finding the client in CCM, and just change the password there.

4 Halifax Online Notifications via Trading Platforms


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platform SetupThere are many ways to setup the platform. The following are a list of most commonly used tabs.

For Prices and trade, which is the main window to see the prices, you will need to go to Tools >> Prices and Trade to add the prices and trades tab. For account summary which is the main page for checking the account and open positions, go to Account >> Summary. To check your open orders, go to Tools >> open orders. To bring up charts, please go to Tools >> Charts. For live streaming news, please go to News >> Streaming News.

Once the panels have been added to the client’s needs, you can then rearrange it to the way that you want. To do so, there are several ways to do it. if your current page is a tab, as shown below, you can make it a panel by right clicking on it, and check panel. Once this is done, you can move it around the page to the way you want. You can also do the same if you want to make it a tab, just do the reverse.



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Market Data SubscriptionsTo be able to trade and get live pricing for contracts you will need to subscribe to certain subscriptions. To do this you will need to click on account > subscriptions > subscriptions Pricelist. This should open up the subscription pricelist tab. Scroll down to see the possible subscriptions.



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Once the Subscription Price list is opened, you will need to click on the Subscribe tab as shown below. When you click on this, a new popup will appear asking you to fill the details as required.

Please note, that if the client is setting it up as an individual or joint account, it is a private investor, and anything else like trust or company is a professional. Make sure they select the right one.



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pLACING TRADES

Opening a positionThere are two ways of placing opening trades on the Halifax Online platform. Both these methods apply for any type of contract, whether it is Fx or Futures it doesn’t matter. Pick the one you think it is easier to use as the main method of trade.

Type 1:1. Since the method is the same regardless, we will use futures as an example. Go to the menu, and click on Futures

>> Futures Orders (alternatively you can do the same for Fx, CFDs and Stocks).

2. A new popup should appear like below. Now normally when this popup appears, there will be no contract selected, so you will need to enter in the contract code in order to trade. Here we will use the SPi.

3. Once the contract code is entered, the details of the order will appear. Please set the correct parameters for what you want to trade. So if you want a Limit, go to type and change it to a Limit. if you want to change it to a day order, please change the duration to Day as shown.

4. Once all the parameters are set, click on the place order and the order will be placed.



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Type 2:1. The second method requires you to have Prices and Trades up and running on your desktop. Assuming you have

the specific contract you want to place on the platform, right click on it and select Futures Orders.

2. Follow steps 3-4 in Type 1 and the order will be placed.

Closing a trade/placing a related stop and take profit orderThe best and easiest way to close a position or put a stop/take profit order is in to do this in Account Summary.

in Account Summary, as shown below, you should be able to see your open positions under the panel called open Positions. You will see that there is a “+” symbol on the left hand side. Click on this to expand it out.



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Once expanded out, a new line will appear below. On the right hand side, you will see 3 boxes. The left one which has an x on it means close out at market, the green one is a limit take profit order, and the red one is the stop order. Once you click on one of those a new popup will appear asking you to select the parameters of this closing order/related order.

Click place order and the order will be placed. if it is a related order, you can check the status of it in Open Orders.



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FEATuRES

Open OrdersYou can check whether your orders are working under the Open orders panel. To open this, go to tools > open orders. This should bring up a screen like below.

As you can see, it lists all the orders of the client. The client has the ability to change this or even cancel the order.



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if the client wishes to change the order, you will need to highlight the relevant order and click on Change Order at the bottom of that panel. A new screen like the one below will appear. Set the relevant parameters as required and click Place Order and the order will be changed.

if the client wishes to cancel the order, you will need to highlight the relevant order and click on Cancel Order at the bottom of that panel.

ChartsCharts, the essentials of trading, can be brought up by going to Tools >> Charts. in order to change the settings of the charts, you will need to go to Tools >> Options and then select the Chart tab. Here you can change all the chart details you want. However, to update the chart, you will need to create a new one by going to Tools >> Charts.

To edit the chart with lines, studies, annotations, you will need to right click on the chart, and go to the relevant options to setup these features.



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Account SummaryAccount summary displays all your current cash value, margin usage and any open positions. Below is a screenshot of it and the details behind each one.

account value This is the current value of the account, if all trades were liquated at this time and margin were given back at the time.

other collateral instruments NOT online tradable. For example bonds.

not available for margin collateral

The account value less Other Collateral.

used for margin requirements

The current amount of money tied up in margin

available for margin trading

The amount you have currently that you can use for trading

margin utilization The current percentage of the total value used up as margin

non-margin positions

The current market value of any securities (e.g. equities, bonds etc.) held as collateral for margin requirements. The market value is calculated using bid price.

unrealized value of positions

The sum of Non-margin positions (value of collateral), Unrealized margin profit/loss (unrealized value of all open positions) and Cost to close (commissions and fees).

cost to close The cost of closing your positions, e.g. commissions and trading fees.

cash balance Cash on hand excluding an unrealized value of positions.

transactions not booked

Trades, commissions etc. that have not been booked. For example a trades executed today will be booked the next business day.

INSTALLATION AND SETupThe following steps must be followed by the client to install and configure Trader Workstation, and provides detailed instructions on how to fund and configure the account, including the setup of a ‘paper’ trading, or simulation, account, and correct configuration of market data subscriptions.

These details are given to the client in their Welcome Letter, in an attached file called “Installation and Setup Details for Traders Workstation”.

InstallationThe platform can be downloaded from the following link:

http://download.interactivebrokers.com/download/tws40_install.exe

To install the platform on a Mac, use this link:

http://www.interactivebrokers.com/download/TWSx_install.pkg.zip

Your browser will open and ask you to run or save the file. Please note that the initial download is Trader Workstation, but it is the same as Halifax Options Trader.

PLEASE NOTE: THE LivE ACCOUNT AND SiMULATiON ACCOUNT ArE BOTH ACCESSED THrOUGH THE SAME PLATFOrM – TrADEr WOrKSTATiON.

JavaThe most common problem during installation is an error message relating to Java, and it will not let the installation continue. Java is required for installation, and must be installed before running the TWS installation.

The latest version of Java can be downloaded from www.java.com. Simply follow the download links, and either save or run the Java installation file. The Java installer may prompt you to install some secondary software, such as word processing software, but this is not necessary (you can click on ‘don’t install’ for this).

Once Java has been installed, restart the installer for TWS.

LoginOnce the platform is installed, there should be a square purple icon on the desktop called ‘Trader Workstation’, and a program folder under the Start menu by the same name.

Once the client’s account has been funded, they should be able to log in to the live platform.

To log in to the simulation account, they will first need to set it up in Account Management (details below).

if the client is unable to log in, it could be because the account is not funded, or it was only just funded. The paper trading account will usually become active a day after the account has been funded.

PLEASE NOTE: LOGiN MAY NOT BE POSSiBLE BETWEEN 12 PM SATUrDAY AND ALL DAY SUNDAY AEST. THiS iS BECAUSE iNTErACTivE BrOKErS PErFOrM MAiNTENANCE ON THEir SYSTEMS OvEr THE WEEKEND.



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Account ManagementAccount management is also where the client must go to configure their account, including Market Data subscriptions and setting up the Paper Trading account. Account Management is not accessed via the trading platform, but through the following website:

https://www.interactivebrokers.com/Universal/servlet/AccountAccess.Login?partneriD=h2l5hZ9k

if the client logs in with their live account details, they can set up their market data services, set up their simulation (paper trading) account, change between professional/non-professional status, and also print any account statements that they may require.

Once Account Management has finished loading, they should see a screen that looks like this (this is the same as the Account Management screen that we see for our master account, but with fewer options available):



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paper Trading Account SetupTo open the paper trading account, the client needs to log in to Account Management using their live account details.

On the menu on the left side of the page, click on ‘Trading Access’, and in the drop down menu that appears, click on ‘Paper Trading’. it will give you your account number and user name, and it will prompt you to enter your own password (one that you make up yourself). Once complete, this user name and password will be what you use to access the simulation platform. MAKE SUrE YOU rEMEMBEr THE PASSWOrD, AS YOU WiLL NOT BE ABLE TO SEE iT AGAiN ON THiS PAGE.

PLEASE NOTE: YOUr LivE ACCOUNT AND SiMULATiON ACCOUNT ArE BOTH ACCESSED THrOUGH THE SAME PLATFOrM – TrADErS WOrKSTATiON.

To reset your simulation account:To reset the balance of the paper trading account, the client can log in to Account Management using their simulation account details. On the left menu, they select trading access, then Paper trading account reset. it will prompt them to specify how much ‘paper money’ they would like to have in the account.

This will reset only the USD balance of the account, but will not reset any open positions or orders that they might have.

Market Data Subscription setupMarket data subscriptions must be set up first before any market data will be available on the platform.

To ensure that the client has the correct subscriptions set up, they must first log in to Account Management with their live account details.

This is accessed by clicking on trading access > market data subscriptions. They must check the boxes for the subscriptions that they need, and submit the request. Forex data is already checked, but they will need to submit this form before they can access Forex data.



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Professional or Non-professional Status:At the top of the page, the client will see Account Configuration/Non-professional, or Account Configuration/Professional. This is the current status of their account.

All accounts are automatically set up as Professional accounts, but if the account is set up as an ‘individual’, they can request to be changed to Non-professional status.

The difference is that Non-professional subscribers are eligible for reduced market data fees for some exchanges.

if the client is set up as a Professional, but is eligible for Non-professional status, they must submit the request to change over. They do this by clicking on Professional status on the left menu, and submit the request to be changed to non-professional. After submitting this, they must go back to the market data subscriptions page, where they will need to fill out a form to apply for Non-professional status. Once this has been submitted, they will be changed over straight away.

if the client has a company or trust account, the option to change to non-professional will not be available.

To ensure that you are subscribed to the correct market data packages:

For Non-professional users:

if you are set up as Non-professional, then go down through the list and make sure all the free subscriptions are ticked in the check boxes (down the right hand side of the page), including any subscriptions marked ‘subject to waiver’.

All Forex subscriptions, as shown below, are free and checked by default.

You can also subscribe to any other data services you require, but there will be a charge for those. Please note that the ‘subject to waiver’ conditions, where it states that if no trades are made during the month, you will be charged USD10 for using that market data.

When you are done, click on continue at the bottom, and continue again on the next page.



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For professional users:

if you are set up as Professional, you will need to go through the list and check the boxes for the market data services that you require. Please refer to the following list for the most commonly required market data subscriptions and the data that they provide.

For most US commodities, you will need to subscribe to ‘Professional US Commodities Exchanges’, as shown below.

To trade commodities on the NYBOT exchange, you will need to subscribe to ‘intercontinental and New York Board of Trade (Professional)’.

To trade US options, subscribe to ‘US Options Exchanges’.

When you are done, click on continue at the bottom, and continue again on the next page.

You will be taken back to the Market Data Subscriptions page, but don’t worry – the request has been submitted.

Market Data Subscriptions List:Below is a list of the exchanges, and the market data that needs to be checked in order to get the market data.

For Non-professionals:To trade in the US, all contracts ExCEPT NYBOT you will need to check US Securities and Commodities Bundle Non-professional - Level i.

For the NYBOT, you will need to subscribe to the intercontinental and New York Board of Trade (Non Professional).

Foreign exchange is automatically set.

For Professionals:To trade in the US, all commodities and commodities options ExCEPT NYBOT futures you will need to check Professional US Commodities Exchanges.

For the NYBOT, you will need to subscribe to the intercontinental and New York Board of Trade (Non Professional).

For US stocks, you will need to subscribe to the exchange that is relevant to that stock. So if the stock is trading on the NASDAQ, you will need to subscribe to the NASDAQ.

For US Stock Options, please check US Options Exchanges.

Foreign exchange is automatically set.



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ACTIvITy STATEMENTSYou can login into account management to view client’s activity statements. This should be done to view trades that have been placed. Please note that statements will be updated in the afternoon and that trades placed within a 24 hour period may not yet be available.

To access the statements, click on report management > activity statements. Select the period and the date range required. if you are viewing another client’s statement, you will need to select the account number. Select the format html/web or .PDF if you want to save the activity statement.

The Activity Statements offer the following features:

• Expandable and contractible sections with click-down detail.

• Performances summary by asset class for a quick view of an account’s profitability.

• Profit and loss across all transactions, positions, underlying instrument and asset class, under First in, First Out (FiFO) and Mark-to-Market (MTM) calculation methods.

• Details of change in position value for the statement period.

• Calculation of Fx translation gains and losses for accounts with multiple currencies.



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pLACING TRADESThe following is a general guide to placing trades in TWS, from a client’s point of view. it is important to understand this process, as clients will call with trade related issues.

placing Futures Trades in TWS

1. add ticker lines to your screen

On the Order Management screen, click on the ‘Underlying’ column, enter the symbol for the contract you want to trade, and press enter. Alternatively, you can use the ‘contract search’ option on the ‘ticker’ menu.

Once the symbol has been entered into the Order Management screen, a small drop-down menu appears. Click on ‘Futures’, and select the month of the contract you want to trade. The ticker line will appear on the screen.

if the contract is currently trading (the exchange is open), you will see the current bid and ask prices. if the exchange is closed, you should see the last closing price under the ‘last’ column (for example C123.45).

To access detailed information about the contract, right click on the ticker line, and go to Contract > Contract Description (alternatively, you can double-click on the description on the ticker line). This box will display information about the contract, such as the exchange, trading hours, and the multiplier for the contract.

The Multiplier is how many of the individual units make up one contract. For example, the multiplier for Gold (GC) on NYMEx is 100. if the current price was USD $740.50, then the total market value of the contract would be 100 x 740.50, or USD $74050 worth of gold.

2. create an order

To place a trade, you can click directly on the bid price (to open a short trade) or the ask price (to open a long trade). This will open an order line directly beneath the ticker line. if you look at the column headings, you will see an upper and lower heading. The upper heading is for the ticker line, while the lower heading is for the order line. These columns can be changed in the configuration screen.

You can edit the order attributes by clicking on any of the fields (time in force, action, Quantity, Price, order type, or destination), if needed. Detailed information on all order types and attributes is available in the TWS User Guide:

http://www.interactivebrokers.com/en/software/tws/twsguide.htm

The Order Wizard will give you more detailed information about the order. if this is not visible, you can click on the view menu, and then select Order Wizard. it is not necessary to use this, but you might find it useful.

3. transmit an order

Once you have set your desired parameters, you can transmit the order by clicking on the ‘T’ on the order line. The order preview box will appear to confirm the details of the order. if everything is correct, click the Transmit button.

You will see the order status change to show that it has been transmitted. if the order was a market order, you may see it get filled very soon after transmitting, if the market is open. Your orders can take varying amounts of time to fill, depending on how liquid the market is, and on whether it’s a market or limit order.

Working orders (orders that have not been filled) will appear on the ‘Pending’ tab. The status of the orders can be checked by viewing the colour-coded box on the far right side of the order line. Hovering the mouse cursor over the coloured box will show what the colour represents.

Once orders have been filled, they will appear on the ‘Portfolio’ tab. They will also appear in the Account window, under the portfolio section (Fx trades will appear under the Fx portfolio section).



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When you trade futures contracts based in USD, the initial margin requirement is deducted from your account in USD. Your AUD is not automatically converted to cover this, as is commonly believed, but the USD value is borrowed in order to place the trade (the platform will check to make sure that you have the equivalent value in AUD).

For example, if you have AUD $10,000 in your account, and you place a trade for a futures contract with a margin requirement of USD $2000, you will see the following in your Market value section:

aud 10,000.00

usd -2000.00

4. cancel an order

To cancel a working order (one that has not been filled), you can click on the ‘C’ button on the order line.

5. closing an open position

To close an open position, an order must be placed to do so. if you have a long position, a sell order will be used to close the trade. if you have a short position, a buy order will close the trade.

You can do this by right-clicking on the position line, and going to Trade > Close position, or Trade > Sell/Buy. The order line will appear beneath the position in the Order Management screen, and must be transmitted in order to close the trade.

When the futures contract is closed, the initial margin will be returned to your account, plus/minus the profit/loss that you have made. in the previous example, if you made a loss of USD $45, the Market value section would show:

aud 10,000.00

usd -45.00

This amount would remain in USD until it is manually converted back to base currency AUD.



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CuRRENCy CONvERSIONThis guide is given to clients if they require assistance in converting currencies in their account. This information may also be provided by their education provider, but this is one area that causes a lot of confusion for clients, so we have put together a special guide to assist with this.

Please do not give this file to clients, but rather send them the separate fX conversion guide.

Market valueThe trading account can hold multiple currencies (you can have amounts of AUD, USD, JPY, etc, all held in the same account), and these are all displayed in the Market value section. You will need to make sure that the Market value section is completely expanded to view all of the currencies in the account (click the small green ‘+’ icon on the right hand side, as shown below).

it is very important to understand the way that holding different currencies affects your account value. When you trade, profit/loss made is held in the currency traded until you choose to convert it back to base currency. For example, it you make a profit on US based futures contracts, the profit will remain in USD until manually converted to AUD. Please see below (Conversion of Currencies) for instructions on how to convert your currencies to base currency AUD.

In the above example, this account is currently holding AUD, JPY, and USD (in negative, which means that this amount is currently owing). These currencies, if converted at the current exchange rates, equal AUD$ 18,854.08.

Net Liquidation valueThe Net Liquidation value of the account is the total account value, which takes into account the value of all currencies held in your account, both base currency (AUD) and any other currencies, as well as the current value of your open commodities and equities trades (initial margin requirements are included, as well as current profit/loss). Because the account’s base currency is AUD, the total of all of your cash and positions is shown in AUD at the current point in time.

For example, if your account held AUD and USD, the Net Liquidation value would show the total current value of both, at the current exchange rate.

As shown in the previous example, the Net Liquidation Value shows the current value of all currencies and positions held at the current exchange rates.



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Futures vS Foreign Exchangeit is important to understand the way in which trading Fx affects your account value, and how this differs from trading commodities and equities.

When you trade futures contracts based in USD, the initial margin requirement is deducted from your account in USD. Your AUD is not automatically converted to cover this, as is commonly believed, but the USD value is borrowed in order to place the trade (the platform will check to make sure that you have the equivalent value in AUD).

For example, if you have AUD $10,000 in your account, and you place a trade for a futures contract with a margin requirement of USD $2000, you will see the following in your Market value section:

aud 10,000.00

usd -2000.00

When the futures contract is closed, the initial margin will be returned to your account, plus/minus the profit/loss that you have made. in the previous example, if you made a loss of USD $45, the Market value section would show:

aud 10,000.00

usd -45.00

This amount would remain in USD until it is manually converted back to base currency AUD.

Foreign Exchange works differently. When you place an Fx trade, you are technically not buying a contract – you are borrowing funds to convert to another currency, then, after the exchange rate changes, converting back to the original currency. The profit/loss made is the difference in value of the currencies since the initial conversion.

For example, if you put on a trade in GBP.USD, for a short position of 18,000, you would be borrowing one currency to convert to the other, and your Market value section would show:

gbP -18,000.00

usd 28,440.00

The Net Liquidation value would remain relatively the same at the time of placing the trade, but it would fluctuate as the exchange rates change.

When you close the trade, the platform will convert the USD back to GBP to become square. However, it will require enough to cover the 18,000, which could be more or less than is currently held in USD, depending on how the exchange rate has changed, and whether you are in profit or loss. if the exchange rate has moved in your favour, there would be some USD left over, and your Market value section would retain the amount of USD – a profit. if the exchange rate moved the other way, the platform would actually need more USD than what is currently held, and you would be left with a negative USD balance – a loss.

The Fx Portfolio section shows open Fx positions, but it is important to understand that all Fx positions are ‘virtual’ positions – they are shown as a representation of the difference in value between the two currencies of the traded pair, from the time of ‘opening’ the trade to the current point in time. The ‘real’ position is the actual currencies held in the account.

For the previous example, the GBP.USD trade might show the following in the Fx portfolio:

Contract Position Currency Market Unrealized Description value P&L

gbP.usd 18,000.00 usd 28,440.00 -620.00

This position shows the change in value since opening the trade (shown in unrealized P & L). if, however, your account is holding currencies as a result of profit/loss on trades that were previously closed, and you have no open trades currently showing in your portfolio, you are still exposed, to an extent, to the fluctuations in the exchange rates of these currencies. if you held AUD and USD in your account, your Net Liquidation value would also change with the AUD.USD exchange rate, even though you have no position showing for that currency pair.

To reduce this exposure, you might decide to convert your currencies back to AUD after closing your trades. Alternatively, if you are expecting a better exchange rate later, you may wait and convert your funds later. The following section is a guide for how to convert your currencies back to base currency, AUD, when you are ready to do so.



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Conversion of CurrenciesTo convert a non-base currency back to AUD, you will need to place an order to convert the currency. Because this will only be a one-way conversion (you want to change the currency to AUD, but you will not need to convert it back), the position shown in the Fx Portfolio can be zeroed, so that it no longer shows a position.

The steps in this process are as follows:

1. Place the order

right click on the currency line in the Market value section, and select ‘Close Currency Position’. This will open an order line in the Order Management page for the required amount.

A message box will appear to confirm that an order will be placed to convert the currency. Click OK.

if the order is smaller than the minimum lot size, it might take a while to fill if it is on the iDEALPrO exchange (it will fill, but could take a while – sometimes over an hour). To avoid this, you can change the exchange to iDEAL, by clicking iDEALPrO on the order line (this is not the one under the exchange column, but on the order line near the Transmit (T) button), and selecting iDEAL.

Click T to transmit the order.



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2. Zero the position

if you now have a look at your Account Window, you will see that the non-base currency has been reduced to near zero, and the AUD balance has also changed to reflect the conversion. The Fx portfolio will show an open trade, but remember that this is also a ‘virtual position’, which only shows the difference in price since the conversion. Because you only need to do a one-way conversion (you will not need to convert it back later), you can zero out the position.

To do this, right-click on the position, and click on ‘Adjust Position or Average Price’.

Change the position to zero, and click OK.



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You will now see that the position is zero, and the currency has been converted to AUD.

HOT CONFIGuRATIONHot Configuration should be used to configure the TWS platform. Some of the things that can be configured are things such as Hotkeys, Order Management columns, Account window, Trading tools and information tools.



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HotkeysHotkeys are keys which can execute specific actions. For example you can configure a single key on the keyboard to execute a trade with a stop just with the touch of one button. Under “possible actions” are all the type of hotkeys that can be setup.

These are:

create orders modify/transmit orders cancel orders used from rapid order entry tools realtime activiy monitoring cut/copy/paste miscellaneous



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Hotkeys can be configured by clicking on “hotkeys” then select the “possible action” then click “create shortcut” click on “record” and then you will be promted to assign the hotkey to the function that you want executed.



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ADDITIONAL FEATuRESThe following is a list of additional features available in the platform. Clients will usually not need to use these tools, but might ask about them from time to time.

More information on these tolls is available in the User Guide.

Trader Dashboard The real-time Trader Dashboard is an optional tool that is displayed at the top of the pages tabset. This customizable panel allows you to monitor data fields from your Account information window. You can also keep abreast of the most recent activity for specific contracts.

The dashboard can be added and configured by going to Configuration > Information Tools > Trader Dashboard. Then check the box ‘show trader dashboard’.

FXTraderDesigned specifically for Fx traders, the customizable FxTrader window displays quote pairs with the emphasis on the key price component. This is the same as the forex ‘dashboard’ common to many Fx trading platforms.

Options TraderThis configurable standalone screen shows market data for the underlying, lets you set up option chains based on the underlying, gives you access to your options orders, executions and portfolio information, drives the data for the Model Navigator and Options Analytics windows, and lets you create combination Spread orders.

Book TraderUse the BookTrader to instantaneously transmit orders at a selected price with a single click. This is similar to the trading tools used in some other platforms, such as Strategy runner and Ninja Trader (SuperDOM tool).

INSTALLATION AND SETupTo install the Dealbook platform, simply download the installation file from the following link:

http://gftforex.web.aplus.net/DealBook%20360%20Setup.exe

run the installation file, and the platform will be installed. A secondary program, Chart Studio, will also be installed. This program is for programming strategies, and is for advanced users only.

How to Open a ChartTo Open a chart, right-click on the main program window (this could be under any tab that you choose), and select chart. A contract selection box will appear where you can select the contract that you would like to trade.

Select the required contract, and click ok.

A chart will appear with the default settings. Chart settings can be adjusted by using the buttons at the top of the chart.


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The first two boxes can be used to change the bar type and period used in the chart. The other buttons have the following functions.

change symbol After the chart has been opened, it is possible to change the chart symbol / instrument while in the chart.

change secondary symbol This will add a second symbol / instrument to the same chart, so they can be viewed in comparison.

grid kind To change the grid visible on the chart.

setup indicators Technical indicators can be added to the chart (such as moving averages, MACD, Stochastics, etc). This button can be used to both add and remove indicators.

setup chart Change the chart settings and layout, such as colours and bar/candle size. if you would like to set the settings for all charts, click the botton ‘set to default’ at the bottom.

chart templates This can be used to save chart layouts, so they can be loaded back later. This can be handy if you need to load different chart layouts for other contracts. Simply click save to save your chart, and when in the new chart, click Load.

history Normally charts will only go back a fixed length of time. This button can be used to load charts of a longer time period.

Print To print the chart.

indicator alarms Alarms can be set up to notify you when a price event occurs, such as the price reaching a particular level. You can be notified by pop-up, email or SMS.

setup strategies For advanced users. Strategies written by the user in Chart Studio can be loaded into the chart for back testing.

report strategies For advanced users. Once strategies have been loaded, this will give a detailed


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pLACING TRADESOne method of opening a trade on DealBook 360 is to click on “New Order” on the top buttons section.

This should open a new order box as shown below.

The Order Type can be set to basic order types Market, Limit, or Stop, or one of the advanced order types, such as OCO orders.


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You can select the pairs that you want to trade by clicking on the dropdown box.

After you have selected the pairs that you want to trade you will then have to choose to either go short (sell) or go long (buy).

The next thing you will have to select is the amount of lots you want to trade. Lot sizes will be set up in the back office program.

For example, to go short (sell), you would click on “Bid”. This will bring up a trade confirmation box as seen below. To confirm your trade, click “sell”.

The order will appear in the working orders window, until it is filled, and then it will show in the open Positions window.


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ADDITIONAL FEATuRES

Dealbook 360 dashboardThe Dashboard on Dealbook 360 is used to quickly place trades on your most commonly traded currency pairs. You can add multiple currency pairs to the dashboard, and this will allow you to quickly view the prices, and place trades, without having to swap screens. The dashboard also has an auto-hide feature, which means that the dashboard will not be visible until you move the mouse cursor to the side of the screen, and the dashboard will pop up.

The Dealbook 360 Dashboard can be seen below.

To add more windows to the Dashboard you can right click on the dashboard, select “Add to Dashboard”, then select what you want to add to the dashboard. For example, we will add the quote board to the dashboard.


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As shown below the “quote board” has been added to the dashboard.


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ITX (Inter-Trader Exchange)iTx (inter Trader exchange) allows traders to find better rates for deals with other traders. Through the iTx traders can broadcast bids and offers to every user logged on to the Dealbook 360 system. Any user on the system will have the option to deal at the trader’s specified rate for the specified volume.

iTx was designed for traders who wish to broadcast and trade with other traders in real-time. This real-time exchange permits improved market price discovery and can often result in finding better dealable prices.

To open the iTx window for a specific symbol, click button called iTx on the toolbar or use iTx item in the Trades menu and choose desired symbol pair.

The iTx window will appear. in this window you can create iTx orders, or view and match existing iTx orders for the symbol indicated in the window title.

FOr DETAiLED iNSTrUCTiONS ON USiNG THE iTx SYSTEM, PLEASE SEE THE DEALBOOK HELP, AvAiLABLE WiTHiN THE PLATFOrM.


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ReportsYou can also generate reports on DealBook by going to the Statements and selecting the report that you want to see. A new popup will appear as shown, and all you have to do is select the statement that you want.

Below is a sample of the Account History report of an account.

pLACING TRADESmethod 1: One method of opening a trade on FOrExTrader is to click on the “+” symbol on the top left corner of the screen as shown below. This only works for entry orders which are Limit or Stop.


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A new popup should appear on the screen as shown below.

1. Product – This is the Fx cross pairs. Go here to select the Fx pair that you want to trade.

2. Order Type – Click here to change the order type. For example, you can change it to OCO, if then etc.

3. Expires – Click here to change the duration of the order. For example, if you want GTC, change it to GTC.

4. Buy/Sell – Click here to change the Buy/Sell

5. Lots – click here to change the lot size

6. Order Basis – click here to change the type of order i.e. Limit Stop

7. Order rate – The price you want to set your limit or stop

8. Pips – the pip difference from current market price you want to place your limit or stop

Once all the parameters are set, you can click on Submit Order and the order will be submitted.

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method 2: The second method requires you to put a trade via the dealing panel. This method buys or sells at market. On the main page, at the top you will see the dealing panel as shown.

To put a trade on, click on the buy or sell square as shown below and the order will be placed at market. remember to set the lot size before you click on the square. in the event that you have preferences set to associated orders being placed after market, a new popup window will appear like the one in method one. You can place the order as requested (further details in extra features).

closing trade method 1: if you want to close a trade at market, you can place a market order to reverse the trade. So if you bought, just sell at market as shown below.


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closing trade method 2: The second method is for you to close the open position in the “Open Positions” tab, as indicated below.

Once you are in the open positions tab, you should see the current open trade. On the far left hand, there is an arrow. Please click on this or alternatively right click on the position.

it should bring up a panel like below. Click on Liquidate Current Position and the open position will be closed.


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creating different order types: There are many order types which you can place on this FOrExTrader system such as if Then and OCO orders. To create these orders, you will need to click on the “+” symbol on the top left corner, and in Order Type, select the relevant order that you wish to use. Then follow the steps in Placing Trades Method 1 and the order will be placed.

Changing orders/cancelling orders: To change or to cancel an order, you will need to go to Active Orders and change or cancel the relevant order. To do so, you will need to right click on the order or left click on the arrow as shown below (to get to active orders, please go to the Additional Features section).

Once you have done this, you will get a new popup as below.

Please select the appropriate option and continue as per normal.


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ADDITIONAL FEATuRES

Open positionsTo view open positions, you can go to the open positions tab as shown below. it will show you the current open positions.

You can also view open positions online, you can go to reports >> Open Positions and this will open it up on a web browser.

Activity LogTo check what you have done over the past few trades, you can check the activity log. To open the activity log, just press on the activity log tab as shown below.


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Active Orders (Open orders)To view any open orders, you can view these in the bottom right hand corner of the page as shown below.


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Statements To get online statements, you can go to reports in the menu, and select the relevant statement that you want. These will show up online. Below is an example of the Account value Summary statement.


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ChartsThe charts are automatically generated when you open the platform. These, by default, are on the right hand side of the page as shown below.


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INSTALLATION AND SETup

FOREXTrader Installation InstructionsFOREXTrader is a Java-based applet that utilizes Sun’s Java runtime Environment (JrE). First time users of GAiN’s dealing software must install the JrE before attempting to login to the system.

Once you have successfully installed the JrE, go to http://www.gaincapital.com, click on the login button in the upper right hand corner and select your account type and language. The GAiN dealing applet will load when you click ‘Submit’.

Please have your User iD and password (emailed to you separately) ready; they are required to login to the system.

pLACING TRADES1. To open a trade on FxCM Trade Station click on the bid or ask price on the relevant Fx pair as shown below.

This only applies if you want to enter the market at market order.


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2. This is the screen that you will get once you clicked on the bid or ask price. As shown below, it is set to buy 10,000 at market. To place the trade, click on OK.

3. You can also selected related orders to this initial market order. if you click on advanced on the right hand side as shown, a new list of options appear. if you want to attach a stop, check the Stop box and change the stop price. Click OK to place the market and stop order.

4. You can also select the stop as a trailing stop. if you click on Trailing Stop at the bottom, the stop will be placed as a trailing stop as a related order.

5. You can also selected related orders to this initial market order. if you click on advanced on the right hand side as shown, a new list of options appear. if you want to attach a limit and a stop as an OCO, check the Stop and Limit boxes and change the stop and limit price. Click OK to place the market and OCO order.


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6. To enter the market at a stop or limit order, you will need to select the button called Entry at the top of the page as shown. A new popup will be as shown below, and you will need to set the rate (or price) to the entry price that you want. Once selected click OK to enter that trade at that price. Similarly to above, you can attach related order by going to advanced and selecting the stop or limit that you want.

7. Once order has been filled, you will see it in the Open Positions panel in the main screen. As you can see below, the order was filled at 0.70169. To close this position at market, you can click on the close button as shown below.


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8. if you have any pending orders such as a stop or limit, you will see this in the orders panel on the main screen. it should also say status is waiting, and it will give you the price at which it is waiting to be entered at. in this instance, this pending order is at 0.70082.

9. You can view your account details by looking at Account panel in the main screen. it will show you the balance of the account, the current daily profit and loss, margin used and gross profit and loss for all trades.

10. You can also view the log of your account to see what has been done throughout the current session that you have opened. Below is a picture of the panel showing the trades and movements of orders for the day.

11. You can also check your activity statements by going to Trading in the top menu, then selecting account >> report. This will bring up a screen as shown.


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Select the parameters of the report and click on run report at the bottom. This will generate a report in HTML, pdf or excel view on your browser as shown.

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Main Trading Window


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Ticket BoardThe Ticket Board is where trades can be placed. You are able to click on buy or sell depending on what you would like to do.

Click the dropdown box to select the currency pairs that you would like to trade.

Please find the quotes of the currency pair you have chosen.

Select the size of the lot that you want to trade

Select what type of order you would like to place by clicking on the dropdown box.

Click Buy or Sell to execute the trade after you have setup all the conditions of the trade. Once you have done this you will be shown the box below that will ask you to confirm your trade. if all is correct click “yes”, if you would like to change the order click “no”.

Once your trade has been placed you can view these in the “orders” section of the platform.


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vIEWING TRADES

Main Trading Window (Orders)

Ordersif you would like to view your orders that you have placed you can click on the tabs below. You are able to view your Filled orders, Working orders, Cancelled orders, Pending orders, Open orders or closed positions.


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QuOTES

Main Trading Window (Quotes)

Quotes

On the quotes board you are able to view the currency pairs and their Ask/Bid prices. You are able to right click on the Parity column and add rows or delete rows. Once you have inserted the new row you are able to type in the currency pair you want.


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IkON ACTIvITy STATEMENTSif you would like to view your activity statements on the ikon platform you can click on “operations” then click on “statements”. You should get a login screen as shown below.

Please login with your username and password to access your reports. When clicking on any of the reports or statements you will need to select the period that you would like to look at.


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in this account screen you can view the following reports and statements:

daily account statements- Use this statement to view your daily activity. monthly statements- Use this statement to view your monthly activity. change Password- Use this section to change your password. open Position report- Use this report to view your open positions.


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Monthly Statements


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Open position Report

ADDING CONTRACTS AND pLACING TRADESFirstly you will need to select the contract that you want to trade. This can be done by clicking on “contracts” then click on “manage contracts”


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The Manage Contracts window should open up. Click on the exchange that you would like to trade on. For example Dec09Jul10 Coffee on the Nybot exchange, you would need to check the box and click apply.


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The selected contract should be shown in the contracts section shown below.


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if you would like to place a trade on a Crude contract that you have added to the contracts section, you can highlight the contract by clicking on it and then clicking on the trading pad.

Once you are on the trading pad you are able to place Sell or Buy at market.


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Limit orders, Stop orders, Stop limit. if you use any of these three types of orders you will need to click on the price that you want to trade. Blue is for buy and pink is for sell.

For example if you wanted to buy 1 Lot at market. Type in 1 and click Buy market. You will get a confirmation box asking you to confirm your trade. if all the information is correct press yes, if you would like to change your order press no and go through the previous steps to place your trade.


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Once you trade has been filled you will be able to see your open positions and your profit and loss.


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ACCOuNT STATEMENTSTo access your account statements you can click on “account” then click on “account report”. This should open your account report and you should be able to view your trades.

pLACING TRADESTo place trades using Ninja Trader you can place it via Basic Entry panel.

Basic entry1. To obtain basic entry screen, you will need to go to File >> New >> Basic Entry as shown below.


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2. A new popup should be as shown below. 3. You can place different types of trades on for the client. Below is the list of orders that you can place.

a. Buy/Sell Ask – this allows you to buy or sell at the current ask price. This may not necessarily be filled straight away, and be placed in the system as a limit order.

b. Buy/Sell Market – buys or sells the contract at market.

c. Buy/Sell Bid – this allows you to buy or sell at the current bid price. This may not necessarily be filled straight away, and be placed in the system as a limit order.

d. Buy/Sell – this is the button that you can click on if you want to place a stop or limit. To place the limit or stop, you will actually need to select the order type and price. Please read the next step for further details.

a b c d


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4. To set a limit order, you will need to select in type as Limit or if you want stop, select in type Stop as shown below.

5. To place the limit and stop order, you will need to change limit price and stop price to the price that you want as well as TiF (time in force), and then click on buy or sell as shown above.


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6. You can also place related order on the Ninja Trader via the Basic Entry panel so that once it hits your stop or take profit orders; the other related orders will be cancelled. To place these trades, what you need to do is to click on ATM Strategy and select custom. The ATM Strategy parameters will be available.

Here you can set the OCO related orders to the stop and limit prices that you want. As you can see above, we have a related order to stop out at 1200 and profit target at 1300. Assuming that we are going to buy, the stop order to sell at 1200 and limit of 1300 will be placed once the entry order is filled.

Filled and pending Orders Assuming that you have placed any orders that have been filled or are pending, you can actually view these on the main screen as shown below.

As you can see on the first three lines, we have one filled at market for 1245.25 and that is short one. We also have pending orders in there to buy 1 at stop for 1400 and but 1 at limit for 1200.

You can amend the orders that are pending. To increase or decrease the fill price, just select the increase or decrease buttons on the right, and if you want to cancel the order, click cancel on the right.

Open positions and exectionsYou can also view your current open positions and executions of the particular account. All you have to do is to click on the Executions or Positions tab to view the current trades. Once you clicked on it, it should look something as below.

Account Balance and performanceTo view what you have in your account in terms of balance and margin, select the Accounts tab in the main screen. A new screen will appear as below.

You can also view your account performance from any date since open. To do so, you go to the Account Performance tab and select the dates that you want to see at the top. Once that is done clicks generate and the performance report will be generated. Note also you can view other features within account performance and you can select the relevant tabs to view these.


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pLACING TRADES1. To place trades on the Think or Swim platform, you will need to click on the Trades tab at the top of the main screen

as shown below.


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2. Once you have clicked on the Trades tab, select All Products as shown below.


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3. Once you have selected all products, you will need to select the drop down box on the main screen so that you can select the correct contract. A popup similar to the one below will come up. Select the contract you will need and it will automatically add it into the page.


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4. As shown below, you can see that we have added Euro Fx June 09 into the system and we are trading the 1.31 strike price. As you can see the Bid Ask price is 0.250 and 0.261. To place the trade, you will need to click on the Bid or the Ask price. To buy click the ask price and to sell click on the bid price.


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5. if you have clicked on the bid or ask price, the new order entry will appear at the bottom of the screen as shown. Here you will need to set the parameters that you want and assuming that everything that you have set is correct, you will need to click on Confirm and Send to send the order off.


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6. A confirmation box will appear asking you to confirm the order. Assuming that all is correct, click on send to send the order off. if you want to edit this order, hit edit, and if you want to delete the order, click on delete.

7. A popup will appear once the order has been placed or filled as shown below.


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8. To check on the progress of the orders, go back to monitor as shown below, and select Activity and Positions.

Here you can check your filled or working orders. As shown above, under the working orders panel, we have a working order to sell at a limit, and in the filled orders panel, it shows our order that was filled to buy 1 at 0.257.


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9. You can view you activity statements by clicking on Account Statement which is next to the Activity and Positions button.

in this screen, it details the current working orders and types of orders that are filled in the account as well as your account balance and current profit and loss on that position. it also gives you an overview on what is happening in the account.

pLACING TRADES1. To open a trade on FxDDTrader click on the bid or ask price on the relevant Fx pair as shown below. This works on

both entry orders and pending orders.


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2. Once you have clicked on the ask price to buy, you will get a popup as shown. As you can see at the moment, it is set to buy 1 at market. When you click OK, the order will be transmitted.

3. Alternatively, you can select Sell in the direction if you wanted to sell as shown below.

4. if you select type to “pending”, you can have access to both limit and stop orders. in the example below, we have selected limit with the price of 1.3010.

5. Alternatively, you can select Stop by checking the box next to stop to enter in a stop order at 1.2989


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6. You can also put the stop as a trailing stop, where the trailing step is below the stop itself as shown below. Here we have the trailing at 0.0008

7. You can also place an OCO order by selecting both the Limit and Stop at the same time. Once selected, you can transmit it by clicking OK and it will go through as an OCO order.

8. Once the order has been filled, a confirmation email as shown will be displayed. This will let you know what the price it got filled at and what the order is.


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9. if you have placed an order that is filled, you can go to the main screen and select open positions to see if there are any open positions in your account as shown.

10. Event notifications allow you to check what has happened in the account since you logged in. So if you have placed a trade and it gets filled, then it will show in event notifications.

11. You can also generate a report of the trades within the system. To generate the report, you can go to Account in the top menu, and select reports. You should get a popup as shown below.

Set the parameters that you need. Once that is done, select Get report and a HTML version of the report will be generated as shown below.

saxo trader 2 – halifaxonline traders workstation

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