Page 154 - DCOM510_FINANCIAL_DERIVATIVES

Mahesh Kumar Sarva, Lovely Professional University
Unit 10: The Trader Workstation

Unit 10: The Trader Workstation Notes

CONTENTS
Objectives

Introduction
10.1 About Trader Workstation
10.2 The Market Watch Window
10.2.1 ‘Symbols’ Window
10.2.2 ‘Popup Prices’ Window

10.2.3 Ticks
10.2.4 Trading
10.3 Inquiry Window
10.4 Placing Orders on the Trading System

10.4.1 Market Spread/Combination Order Entry
10.4.2 Basket Trading
10.5 Summary
10.6 Keywords
10.7 Review Questions

10.8 Further Readings

Objectives

After studying this unit, you should be able to:
 State the meaning and function of trader workstation;

 Discuss about the market watch window;
 Describe the inquiry window;
 Explain placing orders on the trading system.

Introduction

In the previous unit, you have studied about the trading system of futures and options contracts.
We also discussed about the entities in the trading system, basis of trading, corporate hierarchy,
client broker relationship in derivative segment, order types and conditions in trading system.
This unit will helps you to understand about the trader workstation. We will also learn about
the market watch window and inquiry window. The various sections and sub-section of this unit
will also explain ‘symbols’ window, ‘popup prices’ window, ticks and trading in market watch.
Further, we will end up the unit with discussion on placing orders on the trading system. To
make the learning easier, we will take the help of globally recognised best practices.
The next best way to familiarise oneself with the screen and its various segments is to actually
spend some time studying a live screen. In this unit we shall restrict ourselves to understanding
just two segments of the workstation screen, the market watch window and the inquiry window.

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