Programme trading software
In the case of stocks and futures, those prices come from the exchange where they are traded. Forex is a little different as there is no central exchange. The vast majority of day traders will chart prices in some kind of charting software. Many charting vendors also supply data feeds. Charting packages all tend to offer the same basic technical analysis indicators. Advanced packages often include a complete programming language for creating more indicators, or testing different trading strategies.
Once traders have their data and can see and analyze it on a chart, they will at some point want to place a trade. To do so, they need to use some kind of trade execution software or electronic trading platform. Most stock brokerage firms will provide proprietary software linked directly to their in-house systems, but many third party applications are available through Independent software vendors ISV.
The advantage of third party programs is that they allow the trader to trade through different brokers whilst retaining the same interface. They may also offer a number of advanced features such as automatic trade execution.
See what the big boys are trading. Ticker Alert lets you find stocks that are breaking new highs and lows. See where the momentum is. Map any standard or custom order type to a keyboard shortcut. Use your mouse to set up and send your orders. Use our List Order Entry window to simultaneously send orders for multiple symbols.
Remain Disciplined and prevent order entry errors using our front and back end risk controls. Route your orders directly to major market centers, ECNs, and dark pools …. Build your own orders with predefined parameters. React faster to trading opportunities by sending the order type which will increase your chances of a fill. Once your orders are configured to your liking, they can be sent instantly with the press of a keyboard shortcut. These are just some of the solutions our systems offer day traders.
To see everything that our platform has to offer, we encourage you to request a free practice demo account. Our knowledgeable staff can give you a personalized tutorial, and help you configure your layout and order entry options to your specific trading style.
Customizable Options Chains Set up your chains to display the exact info you need to see. You can do much more with the COE: Route your orders directly to a selected options exchange Reverse your strategies with the click of a button to reflect your market sentiment See how much premium you will pay or receive for each complex order before you send it Save your favorite strategies for faster input in future orders Executions Window Use this window to see the margin requirements on open orders and trades in each underlier.
See all trades broken down by individual fill. Use the Strategy view to manually break and hedge eligible positions. Manually hedge your positions and strategies.
Select any row to break an already existing hedge. Pin positions to mark them as hedged or broken Use Auto-hedge to automatically hedge all eligible positions for the best utilization of margin Options Level 2 Quotes Get an in-depth look at options liquidity at every price level. Lightspeed Trader provides you with real-time quote feeds from all the major exchanges.
Level 2 allows you to see buyers and sellers in the market and offers insight into potential points of resistance and support. Integrated time and sales, positions bar, Greeks bar and order ticket If your strategy involves scalping options, this feature is a must. Options Time and Sales Keep track of where options are actually trading, not just where they are being quoted. Link your time and sales window to your options quotes Customize and sort your columns based on your preferences Customizable Layouts Lightspeed Trader allows you to configure up to 10 personalized screen layouts.
Layout Example Trade Stocks, Options, and Futures Lightspeed lets you trade equities, options and futures from a single screen. Level 2 stock quotes Streaming Options Chains Level 2 Options Quotes Level 2 Futures Quotes Scan the Market for Trading Opportunities Lightscan screens the entire universe of symbols to display symbols sorted and filtered based on your unique preferences.
Advanced Charting Fast — Our charts are powered directly by our ticker plant. This eliminates any delays between market prints and chart updates.