Setting Up Your Workspace

A workspace consists of one or more windows that contain widgets tailored to your trading
preferences. It contains a main window with the widgets you use to view market data, enter
and manage orders, and track fills and positions. You can create a single workspace for all
of your trading, or you can create multiple workspaces with windows and widgets suited to
specific trading needs.

When you login into your TT for the first time, you will arrive at the workspace with no
widgets.
Workspace Menu Bar

The workspace window menu bar appears at the top of each main window and provides
access to general workspace functionality.

The main window menu bar includes the following:

1.​ TT logo — Provides a link to the Trading Technologies website.

2.​ File menu — Includes options for creating, opening, and managing workspaces and creating
templates. Also provides access to information about your connection and includes an option
to refresh the workspace in your browser.
3.​ Edit menu — Provides access to your global settings and allows you to change trading
environments.
4.​ Widgets menu — Shows a list of all widgets currently available in your environment.
5.​ Search — Allows you to search for products and instruments.
6.​ Market Explorer — Allows you to find products and instruments.
7.​ Opened widgets — Provides quick access to all widgets currently opened but minimized in
your workspace.
8.​ Windows selector — Allows you to add multiple windows and select existing windows within
your workspace.
9.​ Title bar clock — Displays the time at your current location.
10.​Save workspace — Saves the current layout of your workspace.
11.​ Message center — Provides access to the Message Center.
12.​Support screen — Provides access to online documentation and TT Support. **
13.​Connection status indicator — Shows your connection status.
14.​Lock screen icon — Allows you to lock and unlock your workspace.

** Unavailable for this edition of Axxelerate

Widgets Menu

The Widgets menu contains the default widgets as well as user-defined widgets.
Launching MD Trader

You can launch a MD Trader for the instrument you will trade in either of the following ways
-

1.​ From Widgets Menu

Click on the MD Trader Widget under the Widgets Menu

This will open a blank MD Trader Widget
In the search bar that appears in the MD Trader Widget, type the product code and
you should see the results appear as below
Click on the contract you will be trading, for example MES Sep25
2.​ From the search bar of the Workspace Menu Bar

Type the product code in the search bar and hover on the contract in the results that
appear and click on the widget icon to launch the MD Trader
Once your MD trader is launched, your workspace will look like this.

To add more MD Trader widgets, follow the same steps. Once multiple MD Traders
are launched, drag them around the workspace to arrange them by clicking and
holding the header bar of the MD Trader.
 Chart Widget

The Chart widget on the TT platform fully integrates charting and analytics into the
Trade app by blending historical time series data with continuous real-time market
data updates. The Chart uses the same price feed as the market data and order
entry widgets (e.g., MD Trader), so the prices on the Chart are identical to what
appears in those widgets.

The Chart widget consists of the following components:

This image shows:

1.​ Daily Value Box

2.​ Chart Menu
3.​ Time Axis
4.​ Price Axis
 Launching a Chart Widget

To open a Chart widget in your workspace, you can:

●​ Search for a product or instrument in the title bar, select it, then click on the Chart icon.

●​ Select Chart from the Widgets menu in the title bar.

●​ Right click on the MD Trader -------> Open --------> Chart

Chart Menu

The Chart menu provides access to the functionality and settings available for the Chart
widget. Click the chart menu icon in the top left corner of a chart to show the Chart
menu.
Chart Menu Icons
Order Book

The Order Book widget displays all of your working orders. In the Order Book, you can view
the status of your working orders, cancel orders and modify orders.

By default, the Order Book displays working orders in reverse chronological order based on
the time each order was submitted, with the most recent orders appearing at the top.
Launching the Order Book

To launch the order book, click on the Order Book Widget from the Widgets Menu
Positions Widget

The Positions widget displays your positions and P/L for the day. ( Note : P/L that you see in
the Positions Widget is the P/L for the day and not the cumulative P/L.)

Launching a Positions Widget

To Launch a positions widget, choose Positions widget from the Widget menu.
Fills Widget

The Fills widget displays all of your fills from the current and previous sessions. The Fills
widget displays all orders that were executed for the day. Fills are displayed and are sorted
in reverse chronological order so the most recent fills appear at the top of the list.
Launching a Fills Widget

To launch a Fills widget, click on Fills widget in the Widgets menu

Creating and Saving the Workspace

Once all the needed widgets have been launched, arrange them as per your need by left
clicking and holding down the Headers of each widget. Once arranged, save your

workspace by clicking on the Save Workspace option that appears on the top right of
the Workspace Menu bar.

For more information please check the following links:

1.​ MD Trader overview :

https://library.tradingtechnologies.com/trade/video-mdt-md-trader-overview.html
2.​ Building a workspace:
https://library.tradingtechnologies.com/trade/video-win-building-a-workspace.html

Note: Certain features are not available in the simulation environment.

Order Types
Order types allow you to specify how an order behaves when it enters the market. For
example, you may want an order to immediately fill at the current best price (market order)
or to fill only at a particular price (limit order). Note: Market to Limit order is not available

Order Types differ from order restrictions which set how the order behaves during the
session. For example, an order may delete if not filled by the end of the session (Day) or
may persist until filled or canceled (GTC) or until a specified date (GTDate) or a Fill Or Kill
(FOK) order is an order to buy or sell a contract that must be executed immediately in its
entirety; otherwise, the entire order will be canceled (i.e., no partial execution of the order is
allowed) or an Immediate Or Cancel (IOC) order is an order to buy or sell a contract that
attempts to execute all or part of the order quantity immediately and then cancels any
unfilled portion of the order.
Market Order

A Market order is an order placed without a price with the intention of hitting the best Bid or
taking the best Offer currently available in the market. The order fills at the current best price.

Market orders may partially fill at multiple price levels.

For example, if you submit a 100-lot bid at $15.25 but there are only 10 ask orders at the price,
you will receive a partial fill at $15.25. The remaining quantity of your working order (90-lots) will
attempt to fill at each of the next best prices (e.g., 15.50, 15.75, etc) until the total order fills.

To place a market order, simply select Market in the order type drop-down, set the quantity in
the MD Trader widget and select the direction you wish to trade.
Limit Order

Limit orders allow you to submit an order at a specific limit price. Like market orders, limit
orders allow for partial fills; however, the remaining quantity continues to work in the market
at the original limit price.

To place a limit order, simply select Limit in the order type drop-down, set the quantity in the
MD Trader widget and select the price level and direction you wish to trade.

Stop Limit Order ( To manage your Stop-Loss )

Stop Limit orders allow you to select a trigger price which determines when the software
submits a limit order. When the market reaches or passes the trigger price, a limit order
enters the market and fills at the trigger price.

When you select Stop Limit, a Configure button displays. This allows you to set a range of
valid fill prices by selecting the number of ticks away from the trigger price.

If partially filled, the remaining volume continues to work in the market at either the trigger
price level or the configured number of ticks away.

Stop Market Order ( To manage your Stop-Loss )

Stop Market orders allow you to select a trigger price which determines when the software
submits a market order. When the market reaches or passes the trigger price, a market
order enters the market and fills at the best market price.

The order may fill at a worse level than the trigger price and also may partially fill at multiple
price levels.
How P/L is Calculated

The Positions widget displays your positions and P/L across all instruments.

The P/L for the day is the P/L of all trades that are completed in the day and the P/L for any
position that you might have carried over from the previous day. When a position is carried
over from the previous day, the P/L for that position is displayed with respect to the previous
day’s settlement price and not with respect to the actual entry price or the previous day’s
close price.

For example, let us assume that you bought 1 contract of MCL Sep25 at 65.50 on Monday
and the market closed at 65.90 on Monday. The Settlement Price published by the
exchange for MCL Sep25 was 65.70 for Monday. The P/L for this position will be displayed
as the difference between the last traded price and 65.50 until close of session on Monday.
If this position is not closed by the end of session on Monday, the P/L of this position for
Monday would be $20 (20 ticks * $1/tick ; bought at 65.50 and settled at 65.70) and not $40
(40 ticks * $1/tick; bought at 95.50 and assumed settled at 65.90).
On Tuesday, the P/L for this position will be displayed as the difference between the last
traded price and 65.70, which was the Settlement Price for Monday, until the position is
closed. If this position is closed at 66.00 on Tuesday, the P/L for this position on Tuesday
will be $30 ( 30 ticks * $1/tick ). The overall P/L for this position will be $50, $20 on Monday
and $30 on Tuesday.