Beginner's Guide To CQG Integrated Client Trading Platform: Trading
  1. Beginner's Guide To CQG Integrated Client Trading Platform: Introduction
  2. Beginner's Guide To CQG Integrated Client Trading Platform: Installation
  3. Beginner's Guide To CQG Integrated Client Trading Platform: Integrated Client Window
  4. Beginner's Guide To CQG Integrated Client Trading Platform: Charting In CQG IC
  5. Beginner's Guide To CQG Integrated Client Trading Platform: Trading
  6. Beginner's Guide To CQG Integrated Client Trading Platform: Advanced Platform Features
  7. Beginner's Guide To CQG Integrated Client Trading Platform: Conclusion

Beginner's Guide To CQG Integrated Client Trading Platform: Trading

CQG IC offers a selection of order entry and order management applications to suit a variety of trading styles. The order entry interfaces include:

  • DOMTrader

  • Order Desk

  • Order Ticket

  • SnapTrader
To open a trading-related application, click the Trade button on the Main Toolbar, and then click the name of the trading window you want to open, as shown in Figure 20.

Click Trade and select one of the trade order applications.
Figure 20: Click Trade and select one of the trade order applications.
Source: CQG, Inc. © 2012 All rights reserved worldwide.


DOMTrader
CQG IC's DOMTrader provides market transparency as well as order routing functionality. The DOMTrader consists of a depth-of-market ladder that displays bid and offer prices; the best bid and offer with size and trading tools including order type selectors, buy and sell buttons, quantity buttons and cancel buttons. Orders can be placed using the mouse by just clicking on the buy or sell at-the-market buttons, or on the inside market buttons (Bid or Offer). You can also place a limit or stop order by clicking next to the price in the buy or sell column, or on a price in the DOM ladder and dragging it into the column. More than one DOMTrader window can be open at a time, as shown in Figure 21.

Multiple DOMTrader applications open simultaneously.
Figure 21: Multiple DOMTrader applications open simultaneously.
Source: CQG, Inc. © 2012 All rights reserved worldwide.


Benefits of the DOMTrader include:

  • Support for options trading.

  • Real-time study values can be displayed in the DOM ladder.

  • Choose from up to 10 accounts directly from the DOMTrader.

  • Set the default size of an order.

  • Cancel and modify order efficiently when prices are moving quickly.

  • Day, GTC, FAK and FOK orders are supported.
Order Ticket
The Order Ticket, shown in Figure 22, is an order entry application that combines an order ticket with elements of the DOMTrader and Orders and Positions windows. The DOM area has buy, volume, price and sell columns; you can also add several types of depth-of-market columns. Instead of entering order by dragging and dropping from the price column (as you would in the DOMTrader), you use buy and sell buttons to place orders.

CQG IC\'s Order Ticket trade order application.
Figure 22: CQG IC\'s Order Ticket trade order application.
Source: CQG, Inc. © 2012 All rights reserved worldwide.


Order Desk
The Order Desk, shown in Figure 23, is a fast, flexible trading interface. It is ideal for traders who prefer to use separate applications for market data and order placement. Its features include:

  • Separate Buy and Sell tabs for precise order placement.

  • Fully customizable display, component placements and tab order.

  • Pre-order confirmations to verify accuracy.

CQG IC\'s Order Desk trading application.
Figure 23: CQG IC\'s Order Desk trading application.
Source: CQG, Inc. © 2012 All rights reserved worldwide.


SnapTrader
You can trade directly from a chart using CQG IC's SnapTrader interface, shown in Figure 24. The SnapTrader interface is ideal for traders who do not want to give up a lot of space to a trading application; it can easily be tucked into a blank spot on a price chart. SnapTrader allows you to view the inside market and click the up or down arrows to select limit and stop order prices. The SnapTrader tool can be placed anywhere on a chart, and dragged to new locations as needed. Different order types can be selected by right-clicking the Snap Trader's order trays. Order types include:

  • DOM-Triggered Stop

  • DOM-Triggered Trailing Stop

  • DOM-Triggered Trailing Stop Limit

  • Limit

  • Stop

  • Stop Limit

  • Trailing Limit

  • Trailing Stop

  • Trailing Stop Limit
The CQG IC SnapTrader interface can fit anywhere on a chart.
Figure 24: The CQG IC SnapTrader interface can fit anywhere on a chart.
Source: CQG, Inc. © 2012 All rights reserved worldwide.


Managing Orders
The Orders and Reports window, shown in Figure 25, allows you to fully manage your orders and positions. On the Working Orders window, you can cancel an order, change an order to a market order, create an OCO from an existing order, change the order size and change the order price. To open this window, click the More button and select "Orders and Positions" from the drop-down menu.

The Order and Reports window.
Figure 25: The Order and Reports window.
Source: CQG, Inc. © 2012 All rights reserved worldwide.


Beginner's Guide To CQG Integrated Client Trading Platform: Advanced Platform Features

  1. Beginner's Guide To CQG Integrated Client Trading Platform: Introduction
  2. Beginner's Guide To CQG Integrated Client Trading Platform: Installation
  3. Beginner's Guide To CQG Integrated Client Trading Platform: Integrated Client Window
  4. Beginner's Guide To CQG Integrated Client Trading Platform: Charting In CQG IC
  5. Beginner's Guide To CQG Integrated Client Trading Platform: Trading
  6. Beginner's Guide To CQG Integrated Client Trading Platform: Advanced Platform Features
  7. Beginner's Guide To CQG Integrated Client Trading Platform: Conclusion
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