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fxdirect
Usage Guide
Main Screen
Trade Entry Window
The fxdirect trade entry window is the primary
trading area for the system.
There are two distinct areas within the window:
•The center area in white is the dealing area
•The outside areas framed in black supply color-coded
market information
Color code for amounts of currency on trade entry platform:
| Purple |
0.1
million to 4.9 million |
| Green |
5.0 million to
9.9 million |
| Blue |
10.0 million to
19.9 million |
| Red |
20.0 million and
above |
Account Balances Window
The Account Balances window details the size of the actual
available position.
This summary area is automatically updated as trades and orders
are executed.
Daily profit/loss and total open exposures are reflected
in the account balance. All figures are in US Dollars.
Following are details of the Account Balances window:
| Opening
Account Balances |
Actual
amount on deposit at start of business day. |
| Today’s Profit/Loss |
Profit or loss
of today's trading activity including marked to market
of all open positions. |
| Total |
The sum of the
opening balance and daily profit/loss. |
| Max. Margin Exposure |
The maximum available
net position derived from the Total and from your margin
requirement. |
| Actual Margin Exposure |
The total net amount
of all current open positions. |
| Available Exposure
Size |
The difference
between the Total Possible Position and the Total Open
Position. This is the maximum size of any deal that increases
the net open position. |
Deal Log Window
The Deal Log lists all the deals that have been transacted
in your account. The deals are listed from top to bottom in
the order in which they were transacted. The log gives details
of the transactions.
Following are details of the Deal Log window:
| CCY |
Currency
pair transacted. |
| B/S |
Buy or Sell. Whether
base currency was bought or sold. |
| Amount1 |
The amount of base
currency transacted. |
| Rate |
The rate at which
the deal was done. |
| Amount2 |
The equivalent
amount of the secondary currency. |
| DealNo |
The deal number
(transaction number) for the trade. |
| Date |
The date the deal
was transacted. |
| Time |
The time the deal
was transacted. |
| Agg |
Whether or not
you are the aggressor on the trade. |
| V Date |
The value date
of the deal. |
Open Positions Window
Executed deals and executed orders are automatically updated
in the Open Positions window. Positions that are carried forward
to the next trading day (open positions) will be revalued
at the system-closing rate. When clients begin a new trading
session, the position(s) from the previous day are revalued
automatically to the close of the previous day.
Following are details of the Open Positions window:
| CCY |
Currency
pair. |
| Position |
Current long or
short position of base currency. |
| Avg Px |
The average price
of all deals transacted for the CCY for the current trading
day. |
| Mkt Px |
The current market
price for the CCY. |
| P/L |
Profit or loss
of today's trading activity including marked-to-market
of all open positions. |
| Test Px |
Hypothetical price
for an open CCY position, input by client. |
| Test P/L |
Resulting hypothetical
profit or loss derived from Test Px input. |
| Counter Pos |
Equivalent amount
of secondary currency, long or short. |
Ticker Window
The Ticker window allows a client to view the latest transactions
as they take place on the deal platform.
Following are the details of the Ticker window:
| CCY |
Currency
pair. |
| Rate |
The rate at which
the deal was done. |
| Actn |
Describes whether
the aggressor 'Bought' or 'Sold' the base currency. |
| Time |
The time of day
that the trade was transacted. |
| $Action |
Describes the market
action in terms of the US dollar, Bought or Sold. |
Adding and removing currency pairs
from the Trade Entry window
To add a currency pair, click on the Functions
tab on the tool bar and a menu will appear (as shown below).
Select Add CCY from the menu, and then select the currency
pair you wish to add to your display.
To remove a currency pair, click on the Functions
tab on the tool bar, and select Remove CCY from the menu.
Changing Default Amounts
The platform allows the user to change the default amount
on each currency pair.
To change the default amount, select Preferences
on the toolbar and choose Default Amounts.
Enter the amounts for each currency pair, as shown in the
example below. The amounts are in millions of dollars. After
entering your preferences, click OK.
Printing the Deal Log
To print the Deal Log, select File and Print from the menu,
as shown below.
Trade Entry
To open a Trade Entry window, click on the
Trade Entry icon located on the top task bar.
To open more then one Trade Entry window,
right click the mouse on any white background area of the
platform.
A currency pair drop-down box appears. Left click on any of
the currency pairs listed in the drop-down box. A new Trade
Entry window opens.
To close a Trade Entry window, click on the
currency pair box. The box highlights in yellow. Press the
F9 key on the keyboard. The selected Trade Entry window closes.
To reduce the size of the open Trade Entry platform,
press the F11 key on the keyboard. The following display appears:
To return the reduced Trade Entry platform back to
its original size, press the F11 key.
Bidding: Rate and Amount
To enter a bid, open a trade entry screen.
Click on the green BID box.
A BID box opens, as shown below. The current market bid appears
in the box and the curser is automatically placed over the
current little figure (points) of the price.
To change the rate in the bid window, use the up
and down arrows to set the desired bid rate, or enter the
price from the keyboard.
To enter an amount, click or tab over to the white
Amount box. Enter the desired bid amount. The Show amount
will automatically update to the amount placed in the Amount
box.
To conceal a partial amount of your bid,
tab to the Show box and enter the desired amount you wish
the market to see. The minimum concealable amounts are as
follows:
10 million base CCY units for euro and yen, 5 million base
CCY units for all others.
To send the bid to the Trade Entry window,
click on the yellow SEND box and your open Bid
window will appear, as shown below.
To enter multiple bids, repeat the procedures listed
above. Enter the desired number of bids.
To cancel bid(s), move the mouse to the bid
box and click on the gray OFF button or click on the X located
on the top right corner. To cancel all bids, press F8.
To quit the bidding process prior to sending the order
to the trade platform, click on the red QUIT button
or on the X located on the top right corner. The entry box
disappears from the screen.
To close an executed bid box, click on the
gray CLOSE button or on the X located
on the top right corner, as shown below.
Offering: Rate and Amount
To enter an offer, open a trade entry screen.
Click on the orange OFFER box. An OFFER box opens. The current
market offer appears in the box and the curser is automatically
placed over the current little figure of the price.
To change the rate in the offer window, use
the up and down arrows to set the desired offer
rate, or enter the price from the keyboard.
To enter an amount, click or tab over to
the white amount box. Enter the desired offer amount. The
Show amount will automatically update to the amount placed
in the Amount box.
To conceal a partial amount of your offer,
tab to the Show box and enter the desired amount that you
wish the market to see. To send this offer to the trade entry
platform, click on the yellow SEND box and your open Offer
window will appear. The minimum concealable amounts are as
follows:
10 million base CCY units for euro and yen, 5 million base
CCY units for all others.
To enter multiple offers, repeat the procedures
listed above. Enter the desired number of offers.
To cancel an offer, move the mouse to the offer box
and click on the gray OFF button or click on the X located
on the top right corner. To cancel all offers, press F8.
To quit the offering process prior to sending the
order to the trade platform, click on the red QUIT
button or on the X located on the top right corner. The entry
box disappears from the screen.
To close an executed offer box, click on
the gray CLOSE button or on the X located
on the top right corner.
Dealing on Existing Prices
Click on the price box within the currency pair panel on which
you wish to deal.
If you click on the 59 bid in euro, a sell panel will appear,
as shown below.
Type in the amount you wish to sell and click on the yellow
SEND.
A confirmation panel will appear instantaneously confirming
the rate and amount of the transaction, as shown below.
Click on CLOSE to remove the confirmation panel.
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