This package improves our standard FV Keyboard Execution addon and was designed to provide traders with execution commonly offered on other platforms, including client requests along with adding some of the more advanced features as seen on professional execution platforms.
* This addon was tested and is supported on Rithmic Futures only, if you use a different data feed and want it supported please reach out to our email below.
* Please read important notice prior to use at the end of the feature description.
More details and addon documentation: https://www.fintechvisuals.com/kb-exec/
Keyboard shortcuts: User assignable keyboard shortcuts for quick execution using Bookmap’s Trading Control Panel functions
- Join Bid/Ask
- Buy Bid/Sell Ask
- Buy/Sell Market
- Cancel All
- VWAP Buy
- VWAP Sell
- Move Limit Orders
- Move Stop Orders
- Move to Breakeven
Apart from the Standard Keyboard features we also added the following execution features:
Latency to Exchange (ms): because Bookmap is extremely quick at processing microstructure data it is extremely quick at responding and sending orders to Rithmic/CQG etc. Thus in order to avoid sending messages too quickly and getting flagged by a high msg rate warning, we provide the user with a latency setting to maximize the reaction time. Since each user has a different geo location while some will use Bookmap on colocated hosted servers, the distance from your broker execution servers will vary.
Reset to Limit: when the Bookmap Bracket setting is used and this feature is selected. When a fill for the pending order is detected the Bracket orders will be placed and then will be automatically disabled on Bookmap’s trading panel. This is for those times when a trader may want to scale out/into position using limit orders without sending a new Bracket and offset prices.
Re-Enable Brackets (Flat): This feature is used to re-enable brackets on the Bookmap trade panel after a position is closed.
Cancel All (Flat): With this feature enabled, the addon will send a cancel all request when a position becomes FLAT. This helps removing any extra/pending orders.
Cancel Orphan Brackets (Flat): Similar to the previous feature but this one will cancel only orphan bracket orders when a position becomes FLAT.
Update Bracket Orders: enabled the auto update of the child orders quantity of the already pending bracket orders .This setting will offset/update the bracket orders if you scale out of your position manually.
Breakeven Enabled: enable a function that will automatically move the stop to breakeven.
Breakeven ticks: this will use the detected fill price and move the stop only when the fill price +/- X ticks becomes the best bid or offer.
Move Breakeven +: this will set the stop + X ticks from the fill price detected.
Resize Order Qty: This will automatically resize/reset the default order quantity back to the user default setting after an increase/decrease to the default order size. (Used as a default reset when a trader wishes to temporarily increase/decrease an order entry/exit size)
Resize Qty Value: this will set the default user defined order size value to be used upon the resize.
Theoretical Price Settings: This will calculate the initial open order fill price +/- any profit or loss and plot a line where the b/e price on the open trade is.
Payup Enabled: when resting an order on the bid/ask and the resting quantity on the opposite side ask/bid drops below the threshold quantity it will “pay up” move the order the specified quantity of chase ticks from the initial submitted bid/ask order.
Payup Size: threshold resting quantity that will activate the pay up logic.
Chase ticks: quantity of ticks allowed to chase the opposite side when Payup is triggered.
Reset Vwap: Will reset the Vwap calculation used for submitting an order to the Vwap price
Reset Seconds: quantity of seconds/time of the Vwap period
Move Limits: Enable move all limit orders
Lmt + ticks: quantity of ticks the order(s) will move up in price
Lmt – ticks: quantity of ticks the order(s) will move down in price
Move Stops: Enable move all stop orders
Stop + ticks: quantity of ticks the order(s) will move up in price
Stop – ticks: quantity of ticks the order(s) will move down in price
When using manual limit orders to force an exit before the market reaches your stop/target orders , extra caution is to be taken with bracket stops/targets orders that are in close proximity to the last trade price in volatile markets in that you may be flat and then inadvertently have your resting orders swept into a position before BM receives/shows the brackets orders whereby the Addon will have time to cancel before the market reaches those orphan orders.