Adv. Time and Sales

Modified on Fri, 3 Jan at 7:45 AM

The Time and Sales (T&S) or Ticker Tape (TAPE) shows in real-time all executed orders, indicating their time stamp (hours, minutes, seconds), volume traded and price. The latter will take on a red color if the executed order hits the Bid or a green color if it hits the Ask, indicating respectively a sell market order hitting a buy limit and a buy market order hitting a sell limit order.

INDEX

Settings-of-Use
Settings-T&S
T&S Meter
Settings-of-Use
To open a new Adv. Time and Sales you need to go to the New item of VolSys and select Adv. Time and Sales. Now you select the tool to be displayed from the list of various subscribed symbols and pressing on Select at the bottom right will open a new Adv. Time and Sales.

Settings T&S
Click on the little wheel at the top of the Adv. Time and Sales and select the Sets TS.
- GENERAL
In this section è you can change the colorimetry of the background and text, as well as its size. &Eegrave; you can also show milliseconds in the time stamp.
- Base-Data
Volume:
Represents the total volume traded. This database è useful for understanding the intensity of trading and identifying the price levels where most of the market activity è occurred.

Order:
Considers order-related data, such as-the-quantity-of-buy-and-sell-orders-at-each-price-level. This option è useful for assessing order pressure and analyzing the behavior of market participants.

Aggregates:
With algorithmic trading almost every single order is broken down into many small orders, through a proprietary algorithm the'Adv. Time and Sales è is able to reconstruct the original order allowing the user to have a greater understanding of the real market activity.
See the figure below where a 39-contracts-sale-order-executed-at-15:19:13 è was chopped into many smaller orders.

For a moreù in-depth explanation please refer to the section "Data base type".
- FILTER SETTINGS
In this section è you can apply two different filters soì as to highlight different types of orders depending on their size.
Specifically, if you apply a Filter 1 equal to 70, the T&S will show the executions above 70 contracts; if, in addition to that filter you apply a Filter 2 equal to 150, without enabling the Enable Filter 2 checkmark, the T&S will show executes between 70 and 150 contracts. While if you enable filter 2 with the appropriate check mark, the T&S will show executes between 70 and 149 contracts and executes above 150 contracts with different colorimeters.
- FILTER 1 and FILTER 2
In these sections è you can customize the background and text color.
- Background bid
Edit the background of an order that hits the Best Bid;
- Below Bid backround
Edit the background of an order that hits multiple Bid levels;
- Between Bid/Ask background
Change the background of an executed order Between Bid/Ask
- Background ask
Change the background of an order that hits the Best Ask;
- Above Ask background
Edit the background of an order that hits multiple Ask levels;

The same directions apply to changing the color of the text.
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  Sound NOTIFICATION
Before proceeding with adding one or more sound notifications to Adv. Time and Sales, it will be necessary to add sound alerts to VolSys.
- Add VolSys Sound Notification
Click on the Options item of Volsys and select Settings.
Go to the Notifications section and click on Add.
A new window will open where you will be able to give a name to your alert, and select a specific sound from the various files available in the Volsys Alert Sound folder, as shown in the figure, click on Save.
È you can delete, edit and listen to the added alerts through the appropriate buttons next to each alert, once satisfied, press on Save Settings.
- Enable VolSys Sound Notification
To enable sound notifications, click on the Options item of VolSys and hover your cursor over Notices, from which a drop-down menu will open where you will be able to enable Sound Notifications and Popup messages, as shown in the figure.
- Enable Filter 1 and Filter 2
Once you've added the sound notifications you want on Volsys, click on Filter 1 bid / ask to add alerts to Filter 1; click on Filter 2 bid / ask to add alerts to Filter 2, enabling the relevant checkmarks.

T&S Meter
Click on the scroll wheel at the top of the Adv. Time and Sales and select the items Enable bid/ask and Enable delta.
Click on Chart Settings to change its characteristics.
- General
- Modeà period
Defines the mode with which to calculate the bid/ask and delta.
- Resettable
The user can at will reset the calculation of metrics through the Res a piè of Adv. Time and Sales;
- Number-Rows
Calculates metrics based on the user-defined number of rows in the Period Duration section;
For example, in the figure, the Adv. Time and Sales calculates the bid/ask and delta of the last 50 lines, recording an ask of 4.3K and a bid of 407, resulting in a positive delta of 3.9K;
- Number-Seconds
Calculates metrics based on the number of seconds defined by the user in the Duration period section.

Book Imbalance
Click on the cog at the top of the Adv. Time and Sales and select the Enable book imbalance.
Which will go back to real time in the Adv. Time and Sales the amount of orders buy limit and sell limit present in the trading book. In the example shown in the figure, one can see a greater presence of passive buyers than passive sellers.
Clicking on Settings book imbalance will make it possible to change its color and text.

Saving Template
Once you have customized your Adv. Time and Sales è you can save it and reload it for example in another work plan, to do this; click on the cog at the top of the Adv. Time and Sales and select the Model item.