Smart Orders Preferences

Enable and configure smart orders, such as Bracket or Iceberg orders.

Before setting preferences for all but OCO orders, choose whether the settings should apply to all symbols or a particular symbol. The symbols list is a master list for all smart orders, so that all symbols from each tab are listed there. If preferences for that symbol have not been set on a particular tab, the symbol is followed by an asterisk.

If the confirmation for placing, cancelling, modifying, and parking orders is turned on in Notifications preferences, then the Notifications check boxes on smart order preference windows are automatically turned on and not active.

To open these preferences, click the Setup button and then click Trading Preferences.

Configure DOM-Triggered Stops

In order to place DOM-Triggered stop orders, you must select the Enable check box.

Enter a value for the threshold. The order is triggered only when the bid or ask quantity is equal to or less than it.

To receive confirmations related to DOM-Triggered stops, click the Notifications check box.

Configure Iceberg Limits

In order to place Iceberg limit orders, you must select the Enable check box.

Enter a visible order size. Only this size is displayed on the book.

To receive confirmations related to Iceberg limits, click the Notifications check box.

Configure Iceberg Strategies

In order to place Iceberg strategy orders, you must select the Enable check box.

You can choose one of four options for the visible quantity (the quantity displayed on the book).

Enter visible order size:

      show a set percentage of the total order (1-100)

      show a set number of contracts (1-9999)

Random order sizes:

      show random sizes between some percent of the order

      show random sizes between some number of contracts

Default = Enter a visible order size of 1 lot.

Select the When in Iceberg Mode check box if you want limit orders placed instead of icebergs for order sizes smaller than the one given. This parameter applies if the order size is changed in DOMTrader. Default = on.

If the Enable confirmations check box is not selected, then you are not be able to change the visible order size on a case by case basis. Default = on.

Click Add symbol button to set preferences for a particular QFormula.

Configure Brackets

In order to place bracket orders, you must select the Enable check box. You can only do that if OCO orders are enabled.

Enter a tick, profit value, or price for the target order. You can also select limit, trailing limit, or iceberg order type.

Enter a tick value for the stop loss order. You can also select stop, stop limit, or DOM-Triggered stop order type. When the stop loss order is DOM-triggered, a threshold field is displayed. This field allows you to set a threshold for a leg independent from the threshold of an order (on the DOM-Triggered Stops, Smart Orders window).

To receive confirmations related to bracket orders, click the Notifications check box. The confirmation allows you to disable either the target order or the stop loss order, so that a single order is triggered rather than an OCO (both target and stop loss).

Configure Trailing

In order to place trailing stop or limit orders, you must select the appropriate Enable check box.

Choose the behavior for the trailing limit orders by selecting one of the radio buttons.

Configure OCO

In order to place OCOs, you must select the Enable check box.

Configure OCO Strategies

In order to place synthetic strategy OCOs, you must select the Enable check box.

Configure Funari

To place Funari orders, first enable them on this window. Also choose whether you wish to receive confirmations of these orders.

Configure Market limit

To place market limit orders, first enable them on this window. Also choose whether you wish to receive confirmations of these orders. SFE-specific.

Configure Auction

To place auction orders, first enable them on this window. Also choose whether you wish to receive confirmations of these orders. HKFE-specific.