6.2 Equity Order Entry

Entering an order in Fortex™ is simple and speedy. There are four major ways to enter orders: 

1. Point & Click in the Market Watch Window;

2. Point & Click on a position in the Portfolio Window; 

3. Point & Click in the Market Depth Window;

4. Type in your order from the Order Entry Box

Figure 6.2.1 is an Fortex Floating EquityOrder Entry box.  You may bring it up from the menu bar Trade > Equity Order Entry or by clicking on the toolbar icon.

Figure 6.2.1

1. Point & Click in the Market Watch Window

If you have a stock symbol quoted on your Market Watch screen, you can simply double-click on the Bid Price cell to get a sell order filled into the order entry box with the inside market bid price. Or you may double-click on the Ask Price cell to get a buy order filled in with the inside market ask price.You can also click on the Last Price cell to get the order entry loaded with the last price and then specify the Buy and Sell actions.

Let’s use Figure 6.2.2 as an example.  When you double-click on the Ask field 37.05 of the QQQQ quote, the floating order entry box pops up with Buy 1000 shares of QQQQ at 37.05 Limit filled in and designated to your default Route and Account.  To submit the order, you just need to hit the [Enter] key or click on the [Submit] button.

Figure 6.2.2

2. Point & Click on a position in the Portfolio Window

To close out a position, you just need to simply point and click on such position in the Portfolio Window. The floating order entry box will self-populate with all the corresponding information and you just need to hit [Enter] or click on the [Submit] button to submit the trade.

Let’s use Figure 6.2.3 as an example. If you would like to cover your 1000 shares long position in QQQQ at the current market price 37.03, just simply point and click on that row.  The floating order entry box will pop up as Sell 1000 shares of QQQQ at 37.04 Limit.  Hit [Enter] or click on the [Submit] button to submit the order.

3. Point & Click in the Market Depth Window

Please read Chapter 11 Market Depth Window.

4. Type in your orders

First, you may type in the stock symbol or select the stock symbol previously entered from Symbol field. Then, you select the action and them enter or select the value in Quantity, Price, Order Type, Route, TIF, Fill Type and Account fields. At last, simply click on [Sumbit] button to place a order.

For details of the order entry fields, please read 6.4 in Forex Order Entry section.

Figure 6.2.3

5. Order Entry Box Menu

To bring up the Order Entry Box menu, you can click on the menu button or right click on the Order Entry Box. In the menu, you can switch Order Entry Box style, set order entry values or open User Preferences window for the Order Entry Box (Figure 6.2.4).

6. User Preferences

Right click on the Order Entry Box and then left click to choose “User Preferences” from the drop-down menu.  You will see the User Preferences window for the Order Entry Box. You may change the Order Entry Default, Order Entry Settings and Display Settings here.  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.

7. Order Entry Styles

You may change Order Entry style either in Order Entry Box menu or in User Preferences window.  Fortex currently provides three styles: Notebook, Traditional and Point-n-Click (Figure 6.2.5).

Figure 6.2.4

Figure 6.2.5