About DOM Trader
The DOM Trader (Depth of Market) panel is similar to the Market Depth panel but with the additional ability to trade directly from the Order Book and analyze limit orders as they develop. Easily add the DOM from the Trading dropdown menu in the main toolbar.
The DOM panel can also be added through the right click context menu when viewing a quoteboard.
The DOM provides bid, ask, cumulative working order volume and volume at price (VAP) data. It allows you to quickly see and adapt to market movement, and place orders by simply clicking on a price to place a limit order. Bids (orders to buy) are shown in green on the left, and asks (orders to sell) are shown on the right in red. As a trade is executed in the open market, the trade size is indicated alongside the price on the ladder.
The DOM Trader lets you view the day's total volume traded at each price level. The "Volume at Price" feature may help identify trends and volume patterns as you look to place orders. You may Show or Hide order and account info using Toggle Trader button.
The bottom of the panel includes quick action buttons to execute a trade. You can place market orders and limit orders with the click of the mouse in addition to viewing the accounts open position quantity and current profit or loss for the contract.
Additional quick action buttons near the bottom of the DOM include the ability cancel working buy orders, cancel working sell orders, cancel all working orders and get flat (close out open positions). Current working orders and their respective type and price can be viewed and canceled as well.
Trading from the DOM
You can place orders from the DOM Trader by simply left clicking on a price in the ladder to place a stop or limit order. Order quantity is determined by the Quantity field, found in the QTY section at the right of DOM Trader.
The BE shows the break even point for your open positions. If the current position is short the BE level will display with a red line and if the position is long the BE level will display with a green line. To cancel any working orders in the DOM, simply right click on the order.
