Getting Set Up with the J-Trader Platform
J-Trader is accessible in two ways. First it can be used as a stand-alone application. The software can be sent via a CD or in a zip file, then installed on your computer. The application can then be launched either from the Start menu or by double-clicking on the J-Trader desktop icon. J-Trader can also be launched as a hosted web-based application. In this case, the user clicks on a web link and the latest version of J-Trader is downloaded as a Java Applet. After logging out of J-Trader, the application is no longer physically on the computer. An advantage of the hosted web-based application over the stand-alone installation is that the user always gets the latest software version when he or she logs in.
SEE: Beginner's Guide To CQG Trading
J-Trader's System Requirements
The following are the minimum system requirements for J-Trader:
- Processor: 1.5GHz or equivalent. Pentium 3 or equivalent
- Hard disk: 50Mb of free HDD space
- RAM: 1GB
- Operating system: Windows XP, NT4 or 2000
- Browser: Internet Explorer 5.5 or 6.0
- SUN JVM: 1.4.2_11 or later
The Connectivity Status Window
|Figure 1: The Connectivity Status Window.|
The Connectivity Status window allows you to monitor server connections.
In the Connectivity Status window, under the Type column, the following abbreviations are used:
- STAS: This is the server that runs your J-Trader installation. It is also referred to as the host server, application server and super transaction server.
- PDD: Pats Data Distributor - Also known as the price feed.
- ESA: Exchange Specific Adaptor, which connects J-Trader to an exchange.
- The Name column shows the server name.
- The Commentary column displays a message saying whether the server is running.
- In the Status window, the colored "traffic lights" show the server's status. Green represents OK, amber represents requiring attention and red represents failure.
The messages window displays information about connectivity and order activity, such as order fills and cancellations.
|Figure 2: The Messages Window.|
- The Sequence column shows the message number.
- The Type column shows the category of message, where Normal is trade status, Alert is the reason a trade failed and RFQ is request-for-quote information.
- The Time column shows when the message arrived in the local time of the computer.
- Messages can be filtered by their types using the checkboxes at the top of the screen.
|Figure 3: The Main Screen, also called the Trading Client.|
The main screen of J-Trader, shown above, allows you to select windows, configure J-Trader's appearance and behavior, and log off.
Default Desktop lists the "desktops" or trading environments available, with the currently selected desktop highlighted in yellow.
Desktops are saved selections of trading screens and instruments. Multiple desktops allow the trader to move quickly and easily between different trading environments.
For example, one desktop may cater to a particular asset class, such as foreign exchange, while another caters to fixed income. When logged in, J-Trader will automatically show the last desktop that was used.
The About button provides J-Trader installation information, including the version and build number.
The Settings button brings up a screen for configuring a wide variety of user options such as alerts, default order types and fat finger error limits.
The Exit button closes J-Trader. Working and inactive orders are canceled when the user logs out, but J-Trader provides a warning message, showing the option to cancel the log-off request.
Opening and Tiling Trading Windows
Click the New button in the Trading Client window to launch a new trading window. The default tab is Hot Quotes. You can launch a second trading window by clicking New again.
Click Tile Vertical to arrange the windows next to each other or Tile Horizontal to have them set to one on top of the other.
Minimize All iconizes all open windows. Once it has been selected it changes to Restore All, which allows the reverse action.
SEE: Investor's Guide To Electronic Trading
Beginner's Guide To J-Trader: Key Features
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