Page History: Batch Orders
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Page Revision: 2016/04/12 15:29
The purpose of a batch order is to simplify repeated patterns in order submission. A batch order template defines a relationship of multiple orders with differing relative prices and quantities. Execute a batch order template with a single click. The collection of orders defined by the batch will be submitted to the exchange.
IMPORTANT: None of the orders within the batch are held by the server.
Creating a Standard Batch Order
Order templates can be enabled from the main properties/contract/order toolbar/order templates.
Click the order template button on your ladder to activate the template.
Then click the edit order template icon to edit or create a new template.
Tip:to edit an existing template simply select the template from the drop down menu and click the edit order template button. From here you can make changes to the template. Clicking the clear button will remove your selections within the template. To delete an existing template, a template must first be created, then the x to delete will turn red and allow you to delete the selected template. When you are done editing simply click OK at the bottom of the edit template window.
After clicking the edit template button it will bring up the order template window. Click the Green plus sign (+) to bring up the create template drop down menu. Select the template you wish to create and click OK.
Now the template you selected will be visible in the name field. Here is where you can keep the default template name or simply highlight the name and type in a unique name for your template.
Once the name and type are entered you can build your template. You need to select your initial buy or sell quantity at a price level of 0. In my case I am going to select a limit sell of 1 for the initial. I click the buy side to the left of the 0. A dialog pops up and I enter a quantity of 1 and then choose limit. Then I click OK. Now my initial order is set.
Now we can finish configuring the Batch order.
TIP:A template is defined with respect to one side of the market. If the template is used on the other side of the market the definition or order relationship will be reversed.
