The Trading Book, also known as DOM (Depth Of Market) is the tool that allows you to view limit orders on purchase (Bid Side) and limit orders for sale (Ask Side) present on the various price levels. VolSys's Vertical DOM has the peculiarity of being able to compress ticks, viewing only the price levels where there are inserted orders, facilitating operations especially in thinner equities, avoiding the user to perform long scroll  vertical scrolling.

INDEX

• Settings-of-Use
• Main Features
  • Fundamentals
  • Table-Fundamentals 
  • Columns
  • Trading Panel
  • Trading Buttons: 
  • OCO Panel: 
• Order-Input-and-Manage-Mode:
  • Buy Market: 
  • Sell Market: 
  • Buy Limit: 
  • Buy Stop: 
  • Sell Limit:
  • Sell Stop: 
• Compression Tick
• Settings Vertical Dom
• Scroll Vertical Axis

Settings-of-Use

To open a Vertical Dom you need to go to the item New by VolSys, in section Book and select Vertical Dom. At this point you choose the tool to display from the list of various subscribed symbols and pressing on select in the lower right corner will open a new Vertical Dom. 

Main-Features

Header

In which you can view the selected instrument, the Broker and the account you are going to trade with, the amount of contracts/shares you are in the market with, and the Profit & Daily Loss that you have  recorded on the instrument in question.

Table-Fundamentals 

In which you can view the % change in the instrument from the closing price of the previous session (%V), the % change from the opening price of the current session (%O), volumes and total trades. For equities, the upward and downward suspension price will also be present.

Columns

From left to right we find:

1. #B: buy proposal column, shows the number of orders from which a single level is composed in Bid;

2. Buy: purchase order management column; 

3. Bid: purchase order entry column, showing quantities of buy limit; 

4. Price: price column; 

5. Ask: sales order entry column, showing quantities of sell limit; 

6. Sell: sales order management column; 

7. #A: proposals for sale column, shows the number of orders from which a single level is composed in Ask;

8. PL: that column shows the Profit & Loss for each individual ticks, should you have a market position; 

Trading Panel

Clicking on the A square will allow you to select the type of orders entered, choosing between automatic, limit, market and conditional modes. In the Qty section you will be able to change the quantity you want to trade. The Cancel - Flat All button, on the other hand, will close the existing position and revoke all pending orders, both limit and conditional.

Trading Buttons: 

With the Acq. you enter a buy market order, Cancel you revoke pending orders, Close you close the outstanding position, Ven. one enters a sell market order.

OCO Panel: 

In which you can enable OCO (Order-Cancel-Order) strategies, which is the ability to hook two exit orders to the main order, a limit for a possible profit exit and a stop for a possible loss exit. Upon execution of one of the two close orders, the other will be automatically cancelled. 

In the cog in the lower right-hand corner, it is possible to create one or more OCO strategies, which should then be selected in the adjacent drop-down menu.

Order Entry and Management Mode:

In the automatic mode, the platform recognizes the type of order you are going to place depending on where you place it with the mouse within the trading book. 

• Buy Market: 

Click with the right of the mouse on any point in the column Bid;

• Sell Market: 

Click with the right del mouse on any point in the column Ask;

• Buy Limit: 

Click with the left button of the mouse in the Bid on any price level below market price;

• Buy Stop: 

Click with the left button of the mouse in the Bid on any price level above the market price;

• Sell Limit:

 Click with the left of the mouse in the Ask on any price level above market price;

• Sell Stop: 

Click with the left button of the mouse in the Ask on any price level below the market price.

Once you've entered orders of type limit or conditional you can edit them through the order management, specifically with the left button of the mouse you can move the order, while with the right button you can delete it. If you double-click with the left button instead you can change the quantity.

Compression Tick

Right-clicking in the price column will open a drop-down menu where you can choose the mode in which to view the ticks, specifically:

1. Up / Down Tick

Show the tick before and the tick after each tick containing a proposed quantity, this allows you to easily place orders, should you, for example, want to enter before or exit after the quantity already in place.

2. Front Tick

Show the tick before each tick containing a proposed quantity.

3. All Tick

Show all ticks.

Vertical Dom Settings

Clicking on the little wheel in the top left corner will give you access to the settings, specifically in Chart settings dom you can enable or disable the various columns, change their color and text size.

You will also be able to enable the fundamentals, trading panel, trading buttons and OCO panel.

In the Model section you will be able to save the template or upload a previously saved one.

Scroll Vertical Axis

To make a scroll vertical book use the scroll wheel of the mouse.

Right-clicking on the price column will also enable the automatic mode, which will center the book automatically whenever there are considerable price movements.