10.
Market Depth
To bring up the Market Depth window in Fortex, go to the menu bar Market -> Market Depth or click on the toolbar icon. When you see the Market Depth window pop up, please enter or select your stock symbol in the Symbol field on the upper left hand corner. The window will then load streaming Market Depth market information as Figure 10.1. A Market Depth window includes the following components: the tool bar and Quick Quote Panel on the top, the Market Depth Bid/Ask Panels in the middle, the Order Entry panel at the bottom, and the Ticker section on the right. Order EntryTo enter an order in the Market Depth window, you just need to perform a simple point and click action. To populate the right information into your order entry box, you just need to double-click on an entry in either the bid or ask panel. After that, you can click on the action button Buy Sell Short to specify your desired action and submit the order.
For example, in Figure 10.1, to buy EUR/USD at price 1.38465, one just needs to double-click on the best Ask entry in the ask panel, then the desired order information is loaded into the order entry box; another click on the action button will submit the order. |
Figure 10.1 |
Please know that the color of the action buttons and the fields
of the order entry box will change according to the action specified;
xgreenx
for Buy and xredx
for Sell. The right color will be highlighted for about
half of a second and then get refreshed.
This design is to raise traders’ awareness of the action being
taken. CancelFirst, select how you want to cancel
the open orders by clicking the drop-down button on the right of Cancel
button. You can select [Cancel Last], [Cancel All], [Cancel Buys], and
[Cancel Sells] (Figure 10.2). After the Cancel button changes to
your desired action, just simply click on it then the open orders placed
by the Market Depth window will be cancelled. |
Figure
10.2 |
User PreferencesRight click on the Market Depth panel and then left click to choose “User Preferences” from the drop-down menu. You will see the User Preferences window for Market Depth (Figure 10.3). You may change the Action Settings and Display Settings here. In Display Settings, you can customize the color scheme of each Market Depth price layer. You can click on the Restore Defaults button to restore to default value. When you finish setting your preferences, click Apply for your change to take effect, then click OK. Click Cancel to disregard the change. |
Figure 10.3 |