Orders and Positions
The Orders and Positions window allows you to set up accounts and keep track of your open
and filled orders.
It is divided into four panels:
• Account: This panel on the left of the window displays a hierarchical view of your
accounts by date, symbol, or trade system.
• Filter: This panel on the top of the window provides a way for you to filter orders and
positions data.
• Orders: This set of tabbed windows provides order status, order details, fill details, and
profit and loss. You can also cancel, cancel/replace, and place orders from this tab.
• Summary: The three tabbed windows in this panel display summaries of information
about the selected account, including open positions and margin requirements.
To resize the panels, drag the Accounts panel border and the Orders panel border. Click
and drag the Accounts panel to move it to the right side of the screen. Click and drag the
Summary panel to move it to the top of the screen.
You can hide the Accounts, Filter, or Summary panel in preferences.
Opening the Orders and Positions Window
Click the OrdPos button on the toolbar.
If the button is not displayed, click the More button, and then click Orders and Positions.
To add the OrdPos button to the toolbar:
1. Click the Setup button.
2. Select Customize Toolbar. This displays the Toolbar Manager window.
3. Click the >>> button in the Add/Remove column in the Chart, Quote, News… row.
4. Click OrdPos in the button column.
5. Click the Close buttons on the Customize Application Toolbar and Toolbar Manager
windows.
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Orders and Positions Toolbar
The Orders and Positions toolbar includes these buttons:
Logon button
Opens the Order Routing Logon window.
Logoff button
Disconnects you from order routing.
Delete FCM button
This button is used to temporarily remove an FCM from view. The FCM will appear the next
time you log in.
Edit Account button
Opens the Account Setup window
Delete Account button
Deletes a local account permanently, and deletes a non-local account temporarily.
The next time you log on to trade routing, the deleted account is restored to your system.
You must call Customer Support to delete non-local accounts permanently. Once Customer
Support has deleted an account, you can either keep the account record in the Orders and
Positions view for archival purposes or delete it. Even after an account has been deleted by
Customer Support and removed from your Orders and Positions view, you can reactivate it
by calling Customer Support. Once the account is reactivated, you are able to enter orders
and keep track of your positions using that account.
Cancel All button
Click this button to cancel all working orders.
Right-click this button to open a window that allows you to select the account, side, and
symbol to cancel.
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Orders and Positions Components
The Orders and Positions window is made up of four panels: account, filter, orders, and
summary.
The Orders panel has five tabbed windows: Orders, Purchases & Sales, Confirmations, Strategy Manager,
and Summary. The Orders tabbed window itself has tabbed windows: Working, Filled, Cancelled,
Exceptions, Parked, and All.
The summary panel has three tabbed windows: Account Summary, Open Position Summary, and Margin
Requirements.
If you are not logged in to trade, then the Orders and Position window title bar indicates “offline.” The information
in the orders and summary panels is displayed in gray. That is an indication to you that the information in those
windows may not be current.
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Account Panel
The Account panel displays a hierarchy of FCM, accounts associated with that FCM, and the
orders associated with that account. On this panel, you are able manage FCMs and
accounts.
You can view FCMs and accounts by date, by symbol, and by trade system. To change the
view, click one of the tabs at the top of the panel. By date presents the information
according to FCM, account, year, month, week, and day. By symbol presents the
information according to FCM, account, and symbol. By trade system presents the
information according to FCM, account, and trade system.
Click and drag the Account panel to move it to the right side of the screen.
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Icons
FCM icons identify the type of FCM:
T
Day icons identify these statuses:
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Filter Panel
The Filter panel allows you to filter information by account, symbol, trade system, FCM, and
date.
The Orders and Summary panels display the data according to your selections.
You can filter by all, some, or one of the available fields.
1. Using the Account drop down, select all or a particular account. The information is
filtered immediately.
2. Using the Symbol drop down, select all or a particular symbol.
3. Using the Trade System drop down, select all or Manual.
4. Using the FCM drop down, select all or a particular FCM.
5. Enter a date in the From field or use the drop down.
6. Enter a date in the To field or use the drop down.
7. Select Apply.
8. Select the Current button to display data for the current day.
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Orders Panel
The Orders panel provides information about orders, purchases and sales, and confirmations
as well as the ability to manage your orders and positions.
To choose the columns to display on this panel and the order in which they are displayed,
click the Setup button and then click Orders and Positions Preferences. You can also
choose the order management buttons you wish to display.
The color of the buys and sells is dictated by Trading Preferences.
Orders window
The Orders window displays order information on these six tabbed windows:
• Working
• Filled
• Cancelled
• Exceptions
• Parked
• All
Bold text items on each window indicate actions that were completed since the last time you
viewed the data in the selected tab. The number of these new items is reflected in
parentheses on the appropriate tab.
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Working window
The Working window shows all of the orders that have been entered and have not been
either fully filled or cancelled.
Hover your mouse over the Working tab to display a summary tooltip:
Filled window
The Filled window shows all filled orders, including partial fills. Orders remain on the Filled
tab until the start of trading the following day. Working GTC orders remain displayed until
the contract expires.
Hover your mouse over the Filled tab to display a summary tooltip.
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Cancelled window
The Cancelled window shows all orders that have been cancelled.
Exceptions window
The Exceptions window lists orders that were rejected by the FCM, the CQG Order Execution
system, or the exchange. This might happen for several reasons including:
• A bad symbol. For example, a symbol that might be valid within CQG but is not valid for
the indicated exchange or for the indicated account.
• An order type not supported by the indicated exchange.
• A limit price that is not favorable (a buy above the market or a sell below the market) by
the time it reaches the exchange.
Parked Orders window
The Parked window lists the orders that have been committed, but have not been transmitted to the exchange for
execution immediately, but are held until it may be transmitted at a later time.
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All window
The All window lists all working, filled, cancelled, exceptions, and parked orders.
Purchase & Sales window
The Purchase & Sales window shows profit or loss for a completed trade, i.e. a trade for
which both sides (purchase and sale) of the transaction have been completed.
The window shows the following for each of the trades for the account, time frame, symbol
and trade system selected in the Summary panel: Date, Symbol, Long, Short, Price,
Currency, and Profit/Loss.
In addition, a list of transactions accomplished with the CASHADJ button is listed in this tab.
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Confirmations window
The Confirmations window shows filled orders. It differs from the Purchase & Sales window in that you see only
your side of the trade, and you are able to see it before the transaction has been completed. The Confirmations
window also shows commissions for manually filled orders.
Summary window
The Summary window provides brokers an overview of number of lots working and filled,
average fill price, volume ratio, position, and OTE & P/L per symbol for each account. You
can also filter by symbol and date.
The average fill price is calculated as the number of filled lots times the fill price for each
filled order divided by the number of filled lots.
The volume ratio is calculated as the total number of transactions placing, canceling, and
modifying a symbol's orders divided by the number of filled lots for the symbol. It is
displayed as the ratio [value] : 1, where [value] is the volume ratio specified with twodecimal precision (e.g. 0.1 : 1 and 2.50 : 1). This ratio is calculated for the current trading
session only.
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The Messages column contains the total number of messages submitted for each executed
contract. Hover your mouse over the working, filled, and position columns to display a
tooltip.
To list spread orders by strategy, click the Group by strategy check box. If not selected,
the legs are displayed separately.
For working orders, the tooltip contains the number of working lots and the average order price for each side:
The fills tooltip shows the size of filled lots for each side grouped by fill price, summary size of filled lots, the
average fill price for each side, and open position:
The position tooltip display your current standing for a particular symbol.
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Summary Panel
You have a choice of three summary views: account, open position, and margin.
Click and drag the Summary panel to move it to the top of the screen.
Account Summary window
The Account Summary displays by currency: account balance, profit/loss, open trade
equity for futures, OTE & P/L, unrealized profit/loss for options, collateral on deposit, net
liquidity value, market value of options, and cash excess. The Total Change column shows
the difference between the current day’s values and last trading day statement (usually the
day before).
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Open Position Summary window
The Open Position Summary displays: date, symbol, long, short, price, currency, and
OTE. Fungible contract positions are grouped together. The summary line displays the
preferred contract for this group of fungible contracts.
Hover your mouse over the symbol to see position details.
Margin Requirements window
The Margin Requirements window tracks the balance in your margin account by currency.
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Working with Cells and Columns
To select cells
• To select all cells, click the top left cell in the grid.
• To select a row, click a row.
• To select adjacent rows, click a row and drag the mouse up or down to select other rows.
Or click the first row, press Shift, and click the last row.
• To select non-adjacent rows, click a row, press Ctrl , click another row, and repeat as
necessary.
To customize the columns
The columns in each of the Orders tabs can be customized. See Select Columns for Orders
Tabs for details.
To sort data
1. Click the column header.
A triangle appears, indicating whether the column is sorted in ascending order (one point of
the triangle is pointing up) or descending order (one point of the triangle is pointing down).
2. Click the column header again to change the order.
To change column width
1. Drag the boundary on the right side of the column heading until the column is the width
you want.
2. To make the column width fit the contents, double-click the boundary to the right of the
column heading.
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Setting Orders and Positions
Preferences
The Orders and Positions Preferences window includes settings specific to this window:
• Display settings that allow you to choose the columns and buttons you wish to display
and the data you wish to see. You can also choose a color theme
• Account settings that allow you to select trade matching type, notifications,
synchronization, and currency details for accounts
as well as general trading preferences, which are described in Setting Trading Preferences:
• Notifications
• Risk
• Limits and Stop Orders
• Smart Orders
• Strategy Orders
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Setting Orders and Positions Display Preferences
To access display preferences, click the Setup button, and then click Orders and
Positions Preferences.
Preferences that apply to all trading entry displays are described in Setting Display
Preferences that Apply to All Trading Applications.
Choose panels to display
Choose to display the Orders panel, Account Summary panel, or both.
Select the check boxes to display the Accounts, Filter, and Summary panels.
Select columns for order windows
Click a tab, then select the check boxes for the columns and buttons you want to add to the
display. Move columns left and right using the arrows.
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Columns include:
• Account
Average Fill Price
• Buy/Sell
• Counterparty (identifies party on opposite side of trade)
• CXL Time
• Duration
• FCM
• Fill Time
• Limit for Stop/Limit Orders
• Limit Price
• NC Average Fill Price (net change)
• NC Limit Price (net change)
• NC Order Price (net change)
• NC Price (net change)
• Order #
• Order Check Mark (see Adding and Managing Order Comments)
• Order Comment
• Order Filled Size
• Order ID
• Order Price
• Order Size
• Order Type
• Order Working Size
• Place Time
• Price
• Status
• Symbol
• Sys ID
• Ticket #
• Type/Dur (combined type and duration in one column)
• User (user name)
• Visible Size (used with iceberg orders)
• Yield Average Fill Price
• Yield Limit Price
• Yield Order Price
• Yield Price
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Enable function buttons
You can also choose which buttons to add to order windows. The options vary depending on the window. Select
from:
Button
Working
Cancel
x
Replace
x
Convert to Market
x
OCO
x
Duplicate
x
Activate
x
Filled
x
Cancelled
x
x
x
x
Exceptions
x
x
x
x
Parked
x
x
x
x
All
x
Other display settings apply to all trading applications and are described in Setting Display
Preferences.
Choose the prices to display
You can choose to display various price columns for Net Change and Yield, including order
price, limit price, average fill price, and price. In order to select those columns, you must
first activate those menu options by clicking the Net Change or Yield check box here.
The system displays price if Net Change and Yield are not selected. It’s only when at least
one of those options is selected that you can unselect Price.
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Pick a font size
Click a button to choose one of four font sizes.
Enable Liquidate All
Select this check box to display the liquidate button on the Open Positions Summary, like this:
Switch to Strategy Manager
When the system alerts you of an incomplete order, you can automatically go to the
Incomplete window. Click the top check box.
To go back to the previous window when the incomplete order has been resolved, click the
bottom check box.
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Configuring Account Settings
Account preferences include trade matching, notification of held positions, server
synchronization, and currency settings.
Before setting preferences, choose which account the settings will apply to. If you want
these settings to apply to all accounts, select the Apply these settings for all new
accounts check box at the bottom of the window.
Account preferences can also be accessed by clicking the Setup button and then clicking
Account Preferences.
You can also create an account.
Account name and FCM name
These fields are active only when you are working with a new account. To edit the account
name, go to Setup > Account Preferences.
Trade matching type
The matching type determines the orders that are closed when an offsetting buy or sell
order is executed.
Use the drop down arrows to select one of these values:
• FIFO: First In, First Out. The first order filled is the first order offset when an order on the
opposite side of the market is executed.
• HBHS: High Buy, High Sell. The highest buy is matched with the highest sell. You must
select both an intraday and historical (daily or longer) matching scheme.
• LIFO: Last In, First Out. The last order filled is the first order offset when an order on the
opposite side of the market is executed.
If you select Match all trades in one pass, the system matches the previous day’s open
positions and intraday fills in a single pass, unlike FCM end of day statements, where
intraday trades are matched first and then intraday leftover is matched against previous
close positions.
Show ‘Purchases & Sales’ as Entries and Exits
If you would like the P&L for each match displayed, select the Show 'Purchase & Sales'
as Entries & Exits check box.
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Show confirmations
If you would like the Confirmations tab displayed on the Orders and Positions window,
select the Show confirmation checkbox:
Notifications
Select this check box to receive a warning within so many days of the first notice day. You
enter the value for the number of days.
Server synchronization & checking position
Set how often you want to compare your local position with your position on the server.
Choose whether you want to synchronize those positions automatically.
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Currency
To change the reporting currency, select a new currency from the dropdown. The CQG rate
will then be based on that currency.
To use the currency rates generated by the system, select the Use currency rates from
the trading server check box. If it is selected, the currency buttons will be disabled.
To add a currency
1. Click the Add currency button. The Currency rates setup window opens.
2. Using the Convert from drop down, enter the currency you wish to convert.
3. Enter the formula for the conversion rate.
4. Select the Converting time.
5. Click OK.
To edit a currency
1. Click Edit currency.
2. Make the desired changes on the Currency rates setup window.
3. Click OK.
To delete a currency
1. Click the currency you want to remove.
2. Click Delete currency.
Create quick list of accounts
Click this button to create a quick list of accounts that is displayed on your trading applications.
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