Trading Operations - Prices and Orders
The prices and orders screen allows you to check prices and send trades. Multiple tiles can be added to monitor internal pricing models, liquidity pools, and external LPs order books per instrument.
To view available liquidity for an instrument, use the instrument selector in the top right corner or choose one of the predefined lists to add multiple instruments to the panel. A single instrument may be added as many times as needed to allow for comparing order books from various venues:
Tiles can be resized and moved around the screen by clicking and dragging:
Price Monitor
By default the tile will show all external prices ordered from the highest bid and lowest offer, with the TOB spread shown in pips between the Buy and Sell buttons, prices update dynamically as LP prices tick. The drop-down to the left-hand side of the search bar allows you to toggle between external, internal and channel prices:
- External - all external LPs
- Internal - all internal Compass pricing models and liquidity pools
- Channel - prices being distributed out of each Compass channel
Filtering for a Single Market
To view a single market's current order book, filter for the LP by typing into the external markets search bar, selecting the market from the drop-down list, or clicking on the market as it appears in the order book.
Order entry
Trades can also manually be executed from this page by selecting Buy or Sell when viewing External prices.
When viewing an unfiltered order book, the execution market will automatically default to the LP publishing at the TOB. Use the drop-down to switch the market for routing the order. When selecting a liquidity pool, the order will be sent to LP publishing at the TOB of a filtered order book.
- Enter the quantity, order type, and limit price if required, the entered quantity will also show in the USD equivalent.
- Use a manual hedging book to send the order but ensure it is sat within the correct tenant hierarchy, your long/short position after the trade has been executed is detailed here.
- The Trading Account field can be left as HOUSE.
Completed orders will appear on the right-hand side and can also be accessed from the order history by filtering for the Manual Hedging account.
Screen Recording 2024-01-09 at 17.08.11.mp4
Next see: Trading Operations - Market Data | Trading Operations - Positions | Trading Operations - Order History
Back to: Compass Contents