DOM (Depth of Market)
- Chris Harrison
- Brendan Hebert (Unlicensed)
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 Futures drop down will enable you to quickly change the expiration of the futures root you are currently viewing without using the symbol search.
The Spreads menu will display the available Exchange Traded Spread types and then the subsequent spreads for that type.
Clicking on Center will auto-center the market in your screen. You can also double click on the price column to quickly center the market as well. The arrow buttons located atop and below the DOM can be used to scroll up (hold down either the right or left click) or view a new price level by clicking once.
Use the Settings (cog wheel) to opt to ‘hide' or 'display’ various components of the DOM.
Trading from the DOM
You can place orders into 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 value in the Quantity field.
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 blue line.
To cancel any working orders in the DOM, simply right click on the order. To modify any working order, left click on the order.