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Electronic Trading
CQG's DOMTrader®

Click to EnlargeMarket transparency is one driving force for electronically traded futures markets. CQG’s DOMTrader provides the market transparency and order routing functionality traders need.

The DOMTrader displays key information to the trader. The inside market (best bid and best offered price) is displayed, along with the size of the bids and offers. In addition, depending on the exchange, a range of bids and offers is posted. The CQG DOMTrader has four tabs at the top of the window, providing access to four different markets for those trading more than just one market. CQG’s order routing supports the standard market, limit and stop orders, as well as Order-Cancels-Order (OCO) orders, trailing stops, and trailing stop limit orders.

Watch a demo on the DOMTrader 

 

 

DOMTrader Benefits:

  • Support for Options (Greeks displayed on the DOM): Order routing for options on futures is available. Display the values by price and the implied volatility on the DOM Ladder using one of seven options models.
  • Study Values Displayed on the DOM Ladder: Real-time values of studies are shown on the DOM Ladder.
  • Smart Orders: Quantity Triggered Stop orders are triggered when the bid/ask order size in the exchange’s order book falls below the QTS order's trigger level. Iceberg orders display a predetermined portion of the eintire order in the order book.
  • Account Picker: Choose from up to ten trading accounts directly from the DOMTrader.
  • Default Order Size Preference: Set the default size of an order on the DOMTrader. 
  • Dynamically Held Orders: Cancel and modify orders more efficiently when the prices are rapidly moving in the DOM Ladder.

DOMTrader Features:

  • Choice of Responsive or Dynamic DOM
  • TFlow® or a tick chart plots on the same price scale as the DOM Ladder
  • Crossed pre-open bids and asks displayed in the DOM Ladder
  • Day, GTC, FAK, and FOK orders are supported 
  • The Trading Preferences dialog with new features

Execution
Orders can be placed using the mouse by just left clicking on the buy or sell at-the-market buttons, or on the inside market buttons (Bid or Offer). Or place a limit or stop order by left clicking next to the price in the buy or sell column, or on a price in the DOM ladder and dragging it into the column.

Instead of using the mouse to drag and drop the order into the buy or sell column, you can select the price and use the arrow keys to enter the order into the appropriate column.

Chained orders, such as a profit target order for a trade and a stop loss risk management order, can be placed using the OCO button. If one order is filled, then the other order is automatically canceled.

If an exchange does not accept stops or stop limit orders, the CQG Gateway can maintain and trigger them for you.

Any unfilled day orders are listed in the buy or sell columns until filled or canceled.
Trades executed outside the CQG Gateway can be added to the Gateway account as manual fills.

The look of the CQG DOMTrader is customizable. Eight different color themes for backgrounds and fonts are available. The CQG DOMTrader has buy and sell columns, a depth of market column, and a setting to have the last four trades marked next to the price by a marker that varies in size. The marker is the largest for the last trade and the smallest for the oldest trade back. The current and largest marker is an up triangle if the last trade was executed at the offer or a down triangle if the last trade was executed at the bid.

A separate column displays the day’s volume for each price using numerical values or histogram bars, or both. The inside market volume setting can be the cumulative volume since the start of the session, cumulative volume since the market hit the price, or last traded volume. The total volume of the day’s trading can be listed.
Choose to display the buy, sell at the market buttons, inside market buttons, quantity, and cancel order buttons. The cancel order buttons include canceling bids or offers, all orders posted, or liquidate all positions and cancel open orders.
While in a position, you have a choice of the account equity calculated based on open trade equity, or open trade equity and realized profit/losses.

In addition to setting other preferences for the CQG DOMTrader, traders can set the number of contracts for both new trades and maximum position under risk preferences.

However, it's necessary for the FCM to manage some enablements, such as the activation of “fast-click” mode. If fast click is turned on, all you have to do is left-click on a price to generate a sell order or right-click and a buy order is sent, both using the preset order and position size.

You can set the custom order buttons for quantities displayed on the execution interface. For example, contract quantity buttons could be one, five, 10, and 20.

Limits, stops, and the slippage factor for stop limit orders can be set under the preferences.

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CQG, Inc. has registered CQG®,  DOMTrader®, SnapTrader®, TFOBV®, TFOBVO®, and TFVOL®.
TradeFlow™ and TFlow™ are trademarks of CQG, Inc.