Consolidated Orderbook

Description

The Consolidated Orderbook window displays the depth of orders consolidated across multiple markets (feeds) in a single view. With the fragmentation of the equity markets (due to Mifid), it has become harder than ever to get the full market view. With the Consolidated Orderbook you will have one window instead of looking at different orderbooks individually for the same security. By right-clicking on any symbol you will have instant access (by searching on ISIN codes), where each order is displayed with the feed code, price, volume etc. The information displayed can easily be tailored according to your requirements.

Requirements

•Access to Realtime Level 1, Level 2 or full order depth  from any exchange

•Access to ISIN codes

•Access to Cross Market Indicators from Infront

How to access

•The Consolidated Orderbook can be opened by right-clicking on a symbol in the Market Window or Composite Window and selecting Consolidated Orderbook.

•Or by clicking on the Sum symbol in the bottom right corner of a regular orderbook.

Example
 

The consolidated orderbook also gives the user the ability to quickly get a break down overview of where the liquidity is at any given moment by hitting the plus sign on the left side of the instrument name in the top summary  bar

Main features

•A search for symbols with the same ISIN & currency as the main symbol is automatically initiated when the window opens

•All prices are converted to the same currency easily selectable by the user (uses Infront USD Forex feed)

•Calculated prices are displayed in italic font

•Trading can be initiated by double clicking in the grid

•Quick access to Compare study

•Manually symbol search available

•The displayed columns and the symbol list can be edited

•Symbol list can be manually edited by right-clicking

•Symbol lists can be saved and shared with Composite Windows

Consolidated Trade Info bar

The Consolidated Trade Info bar displays the volume weighted average price (VWAP), Volume and Turnover across all selected symbols converted to the same currency. The bar can be turned on/off under Setup|Info Bars

Volume Distribution bar

The Volume Distribution bar displays the volume in percent for each exchange.  The bar can be turned on/off under Setup|Info Bars

Trade Volume Distribution Info bar

The Trade Info bar displays each symbol ranked by trade volume. By double-clicking on an instrument the Symbol Window will be displayed. The bar can be turned on/off under Setup|Info Bars

Best Bid and Offer % Info bar

The Best Bid and Offer % Info bar displays each symbol ranked by the percentage of time it has held the top position of the bid and ask sections. Note that the ranking is calculated from the time the consolidated orderbook window is opened. A value of 100% means that the symbol has been in the top level of both the bid and ask section the whole period. By double-clicking on an instrument the Symbol Window will be displayed. The bar can be turned on/off under Setup|Info Bars.

Changing to another symbol

To change to another symbol just type in the symbol code on your keyboard and press enter. Based on the selected symbol, a search based on the same ISIN code as the selected symbol will be started. The symbols will automatically be displayed in the window. To edit the symbols displayed click on the wrench icon and select  Setup|Symbols.

Trading from Consolidated Orderbook

In order to place an order double-click on the Price or Volume in the grid or right-click and select Buy or Sell on the symbol menu.

Hide non-tradeable symbols

Symbols that is not tradeable can easily be removed by right-clicking and selecting "Hide non-tradeable symbols"

Settings and customization

The Consolidated Orderbook setup enables you to customize and filter the information displayed.

Setup

The setup menu can be found by clicking on the wrench icon in the window.

The Symbol menu enables you to delete existing symbols and hide non-tradeable symbols.

The Display tab enables you to customize Grid Columns displayed and the Visual preferences.

The Info Bars tab enables you to turn off and on the bars displayed.

Symbol search

In order to search for new symbols and adding new the Search symbols menu will automatically search for symbols with same ISIN codes.

Target currency and Calculated prices

The currency displayed in taken from the main symbol, however it is possible to easy change to another currency by right-clicking and selecting "Target Currency" and choosing your preferred currency. Please note that the currency are based in the Infront USD forex feed available in the Cross Market Indicators package.

Calculated prices will be displayed in italic font. This can be changed under Setup.

Save screen space Remove Extra information

If you want to maximize the screen usage press F12 for turning caption on/off and F11 for extra information.

TIP: To change to another quote simply type in the ticker code on your keyboard and press enter.

TIP: Increase the size of the window to add more levels.

TIP: Press F11 to show / hide the Info bar headings