A Look at New Features in 7.6
CQG version 7.6 adds features to make trading
and market analysis more seamless.
New features include:
• Linking windows for efficient market coverage
• Improved News preferences and search functionality
• Trading from the Quote SpreadSheet
• Enhanced Orders & Positions window
• Variable Tick Size in the order routing interfaces
• MBS Wildcard symbols support
• Portfolio Time & Sales
• Spread position information
Link Windows
Link any groups of windows
on the page by:
1.Clicking the CQG icon and
selecting “Link windows”.
The first window will be the
parent.
2. Selecting a color to
identify which windows are
linked.
3. Clicking each window that
will be the child of the parent
window.
4. Right-clicking to turn off
the linking windows function.
Key Benefit:
A seamless format for changing charts,
quote displays, and order routing
interfaces with a simple one-click action.
Link Windows (continued)
The first window, here the
Market Watch quote page,
is the parent and has a
square icon.
Each child window has a
round icon.
In this example, all of the
windows are linked and
display market information
related to the E-mini S&P
(EPZ7).
Key Benefit:
Immediately know which windows
are linked by the color icon.
Link Windows (continued)
Clicking ENQZ7 in the
Market Watch window
changes all of the linked
windows.
If a symbol is not listed on
one of the DOMTrader
tabs, then it will be added.
If the DOMTrader was the
parent and the symbol was
changed on a tab, then all
of the other windows would
change.
If the Market Watch quote
page was not carrying the
symbol, it would
automatically be added.
Key Benefit:
Seamless trading and analytics. Any window
can be the parent window. New symbols are
automatically added to child windows.
Improved News Preferences
News preferences allow you to:
•Show the filter and search bar
•Choose headlines with a varying size font
•Show the story pane
•Show recent headlines in scroll mode
•Highlight search words
Seven different color schemes can be
applied to the News window.
Key Benefit:
Design the look of the News display
based on your preferences.
Improved News Searching
Clicking on “More search options” brings up the
second search window.
Two search preference windows are available.
The basic search looks for keywords, and the
results can be grouped and sorted within the group.
Key Benefit:
Stay more informed of events moving
the markets by designing sophisticated
keyword searches of news stories.
The second search windows allows you to
exclude words and search for certain words, exact
phrases, at least one word from a list, and Dow
Jones codes.
Trade from the Quote SpreadSheet
To enable order routing, click the “Trade” button on the toolbar. The
“Bid” and “Ask” columns will send limit orders. The additional
columns from the “Customize Columns” preference include:
• BuyMarket
• SellMarket
• OpenPosition (Pos = number of contracts)
• OpenTradeEquity (OTE+P/L)
• Size (order size)
• WorkingBuyOrders (number of contracts working as buy orders)
• WorkingSellOrders (number of contracts working as sell orders)
• MarketDirection (last trade was an up tick or a down tick)
Key Benefit:
Broaden your market coverage by
trading individual markets or setting up
groups of markets for spread trading.
Enhanced Orders & Positions Window
The Orders and Positions
window has been redesigned.
New icons have been created
for the account panel to identify
different types of FCMs,
accounts, and activities.
Preferences have been
expanded to include an Account
Settings tab.
You can also choose which
columns you want displayed on
the order panel and in what
order.
Key Benefit:
Format the Orders &
Positions window to display
only the necessary account
and trade information.
Variable Tick Size in the
Order Routing Interfaces
Some futures markets use a different tick size
depending on the delivery month.
For example, the Eurodollar market uses 0.0025
points as the tick size for the current delivery month.
The minimum difference between the bid and ask is
0.0025 (i.e., 94.8400 and 94.8425).
All other deferred contracts use a tick size of 0.0050
points. Therefore, the minimum difference between
the bid and ask is 0.0025 (i.e., 95.150 and 95.155).
Key Benefit:
The price ladder will automatically adjust
to reflect the proper tick size, making
trading decisions more efficient.
MBS Wildcard Symbols Support
Key Benefit:
Quote displays and charts will
automatically update as MBS
products roll off the board, reducing
maintenance time by the trader.
Two forms of wildcards are available. The question mark
notation displays the current, second, and third months.
The asterisk notation displays the current
fifteen or thirty year maturity by coupon.
Question mark notation uses this format:
T.US.< agency MBS >< coupon rate >< price or yield ><
maturity date >?<N>
Asterisk notation uses this format:
T.US.<agency MBS><coupon rate><price or
yield><maturity date>*
The Fixed Income type parameter (T.) and the country
abbreviation (US) are optional.
The Fixed Income type parameter (T.) and the
country abbreviation (US) are optional.
Examples: IG044P15?1 = IG044P0722, IG044P15?3 =
IG044P0922, and IG044P30?1 = IG044P0737
Examples: IG044P15* = IG044P0722 and
IG044P30* = IG044P0737
Portfolio Time & Sales
Set up a time & sales window to display a
portfolio of instruments.
1. Customize the columns in a format of your
choice.
2. Set thresholds for displaying the volume of
contracts traded.
3. Left-click on the Title bar to import a
portfolio or to create a new portfolio.
Key Benefit:
Stay more informed of market action and spread
trading opportunities by tracking time & sales
details for a group of markets in one display.
Spread Position Information
Entering spread symbols for exchange-traded spread
instrument positions will be displayed on the DOMTrader,
Order Ticket, and Orders & Positions window for calendar,
butterfly, pack, strip, bundle, and intercommodity spreads.
Spread position information must be enabled in the Trading
preferences. To set up your spreads:
1. Click the Setup button.
2. Click Trading Preferences.
3. Select the “Show synthetic positions for spreads” check box
located above the Chrome style preference.
For example, if you were to buy 5 EDAS3Z7, then the outright
legs are long 5 EDAZ7 and short 5 EDAH8.
The symbol EDAZ3Z7 is the three-month calendar spread
between December 2007 and March 2008.
Key Benefit:
Trade more efficiently using CQG to
route exchange-traded spread orders.
Spread Position Information (continued)
The Orders & Positions window
will display the outright legs of
the spread and the spread
position.
The Orders & Positions window
shows fills Buy 5 EDAZ7 and
Sell 5 EDAH8, which are the
outright leg positions for Long 5
EDAS3Z7.
The spread position is then +5
EDAS3Z7.
The position is calculated
synthetically. The system
calculates the spread position
information based on these
outright fills. It pairs orders that
match EDAS3Z7.
Key Benefit:
Better manage spread
trading using details of
your current positions
displayed in the Orders
& Positions window.
CQG, Inc.
CQG, Inc. is the industry’s highest-performing solution to integrate market
data, technical analysis, and trade routing. CQG’s data coverage includes
futures, options, fixed income, foreign exchange, and equities exchanges
worldwide as well as debt securities, reports, and indices. Founded in 1980,
CQG is headquartered in Denver with sales and support offices worldwide.
For more information, visit www.cqg.com.
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Disclaimer
Trading and investment carry a high level of risk, and CQG, Inc. does not
make any recommendations for buying or selling any financial instruments.
We offer educational information on ways to use our sophisticated CQG
trading tools, but it is up to our customers and other readers to make their
own trading and investment decisions, or to consult with a registered
investment advisor.
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CQG, DOMTrader, SnapTrader, and TradeFlow
are trademarks of CQG, Inc.