Order Book
Table of Contents
1. Introduction
1.1 Purpose
This document provides an overview of the SILEXX OEMS Order Book Module. Therefore, our intent here is to provide you guidance, on both basic and advanced functionalities. The Order Book is the central location for order management in SILEXX OEMS.
From the Order Book you can:
- Track all your orders currently working in the markets
- Create, modify, and cancel orders
- Organize and sort your working and filled orders for easier reference
- View a summary of working and filled orders
In this manual we will cover how to:
- Read the information on the Order book
- Manipulate and customize the display
- Filter and Sort
- Group Orders
- Customize the spreadsheet data
- Modify orders
- Cancel Orders
2. Reading Information on the Order Book
2.1 The Order Book is divided into two sections, Working Orders (upper section) and Filled / Canceled orders (lower section).
2.2 The Working Orders section displays a color coded listing of the orders that are currently working in the markets for your account(s).
- Buy Orders are shown with a green background
- Sell Orders are shown with a red background
- Multi-leg orders (MLEG) are given a green background if it was entered as a debit and a red background if entered as a credit.
2.3 MLEG line items are expandable. Click the plus sign icon to see the individual components of the multi-leg order.
2.4 The Filled / Canceled Orders section also color codes the order information for easy visual reference.
- Filled Buy orders are shown with a green background
- Filled Sell orders are shown with a red background
- Canceled and rejected orders are shown with a grey background
2.5 Order Book Summary Lines
Total Working Orders
A summary of the NET number of working stock shares, option contracts, and futures contracts is shown in the lower bar of the Working Orders section.
These values represent the total working quantity for each respective security type. The following working orders would calculate on the summary bar as such: Example:
| Field | Description |
|---|---|
| Buy 1000 Shares MSFT | = +1000 (Stock) |
| Sell 700 Shares NFLX | = -700 (Stock) |
| Sell 10 Contracts .MSFT110618C25 | = -10 (Option) |
| Buy 5 Contracts .QQQ110618C59 | = +5 (Option) |
| Total Working Order Summary Line | = 1700 (Stock) / 15 (Option) / 0 (Future) |
This tells us our Order Book is working 1700 shares of stock and 15 option contracts.
Total Filled Orders
A summary of the NET number of filled orders of stock shares, option contracts, and future contracts is shown in the lower bar of the Filled / Canceled Orders section. This is for the current day only.
3. Display Controls
3.1 Filters and Sorting
Data on the Order Book can be quickly organized using SILEXX OEMS's filtering and sorting functions.
Main Header Bar Controls
Select the account(s) for which to view active orders
Account
< All > Select to view all accessible accounts
Grouping The Order Book can group your orders in several different ways, making it easier to manage large amounts of order activity.
Grouping allows you to view the Order Book information based on common identifiers
| Group By | Description |
|---|---|
| None | Display the Order Book with no grouping applied |
| Account | Group by Account |
| Symbol | Group by security Symbol |
| Underlying | Group by Underlying security |
| Description | Group by security Description |
| Status | Group by order Status |
| Route | Group by order Route |
| Type | Group by order Type |
| User | Group by User |
| Time | Group by order Time |
Quick Settings
Grouping allows you to view the Order Book information based on common identifiers
| Quick Settings | Description |
|---|---|
| Auto-Scroll | Automatically scroll the window panes to view the latest activity |
| Play Sounds | Check the box to enable SILEXX OEMS sounds |
| Show Fills Only | Check the box to display only filled orders in the Filled Orders section. Orders with any other status will be hidden from view the non-working order view. |
| Confirm Order Modify | Check the box to always display an Order Replace Confirmation window when an order on the Order Book is modified. |
4. Column Customization
The data displayed on the Order Book Spreadsheet can be customized by adding / removing, resizing, and re-ordering columns.
4.1 Order Book Column Data Definitions
| Field | Description |
|---|---|
| Account | Account in which the order was placed |
| Comment | Optionally displays a comment for the order as passed on by the exchange or other routing destinations. Can provide indication as to the status of an order. |
| Description | Security description (Multi-leg orders will display as 'MLEG') |
| Expiration | Expiration date of option orders |
| Fill Avg. | Average fill price for the order |
| Filled # | Number of shares/contracts filled |
| ID | Unique order identification code |
| Instructions | Special instructions attached to the order |
| Leaves # | Number of shares/contracts currently working on the market for the order |
| Price | User defined price for the order |
| Primary Exchange | Exchange on which the security is listed |
| Qty | Full quantity of the working order |
| Route | Indicates where the order was routed |
| Security Type | Lists if the security is a Stock, Call, Put, or Future |
| Side | Lists if the order was placed as a Buy or a Sell |
| Source | Lists the SILEXX OEMS module from which the order originated |
Status Lists the current status of the order. Status states include:
| Working States |
|---|
| Pending New |
| New |
| Partially Filled |
| Pending Replace |
| Replaced |
| Pending Cancel |
| Filled |
| Canceled |
| Rejected |
| Done for the Day |
| Filled / Canceled States |
|---|
| Stopped |
| Suspended |
| Expired |
| Restated |
Order Book Column Data Definitions CONT.
| Field | Description |
|---|---|
| Stop Price | Stop price on Stop orders (triggers a market order) |
| Symbol | Standardized symbol for the individual security (multi-leg designated with MLEG) |
| Tag | Corresponding Tag value as designated through API |
| TIF | Time in Force |
| Day order | - Order will cancel at the end of regular trading hours |
| OPG | Opening - Enter a Market on Open (MOO) or Limit on Open (LOO) order |
| IOC | Immediate Or Cancel - Fill the order immediately at the limit price or cancel |
| FOK | Fill Or Kill - Fill the order immediately and completely or cancel |
| GTX | Good Till Crossing |
| GTD | Good Till Date |
| ATC | At The Close - Enter a Market on Close (MOC) or Limit on Close (LOC) order at the market close of the day |
| ETH | Extended Trading Hours - Enter the trade in pre or post market hours |
| GTC | Good Till Cancelled - The order remains active until canceled |
| Time | Date and time the order was placed (MM/DD/YY HH:MM:SS) |
| Type | Lists the type of order placed (Market, Limit, Stop Limit, or Limit) |
| Underlying | Underlying security for the order |
| User | SILEXX OEMS username that originated the order |
| Value | (Filled orders only) Market value of the filled order |
5. Working Orders
The Working Orders section of the Order Book displays current orders that are in a working state. Whenever a trade is opened or closed through any of the trade tickets in SILEXX OEMS, the order will first appear in the Working Orders section.
When an order reaches a filled / canceled state, it will be re-located to the Filled / Canceled Orders section of the Order Book.
5.1 Modifying an order
Working orders can be modified through the Order Book. Unless the Confirm Order Modify checkbox is checked, a Cancel/Replace request is automatically sent when an order is modified on the Order Book.
5.2 Changing the Order Quantity
Left-click in the data column labeled Qty to activate the cell. Use either arrow buttons in the cell to increase /decrease or manually enter a value on your keyboard to change the working order's quantity. Press Enter on your keyboard to submit or change focus.
5.3 Changing the Order Price
Left-click in the data column labeled Price to activate the cell. Use the either arrow buttons in the cell to increase /decrease or manually enter a value on your keyboard to change the working order's price. Press Enter on your keyboard to submit or change focus.
The Status of a new working order will change to Replaced once the order has been modified and confirmed.
5.4 Order Control Menu (Single Leg)
Right-click on a single-leg position to open an order control menu
| Field | Description |
|---|---|
| Cancel Order: (order details) | Cancel the selected order |
| Cancel ALL Orders (for security) | Cancel all orders with the same symbol as that selected |
| Cancel ALL Buy Orders (for security) | Cancel all Buy orders with the same symbol as that selected |
| Cancel All Sell Orders (for security) | Cancel all Sell order with the same symbol as that selected |
| Cancel ALL Orders (in underlying) | Cancel all orders with the same underlying as that selected |
| Open (security) in Order Ticket | Launch an Order Ticket populated with the selected security |
| Open (security) in Depth Ticket | Launch a Depth Ticket populated with the selected security |
| Get Audit Trail | View the detailed history of the order |
5.5 Order Control Menu (MLEG)
Right-click on a multi-leg (MLEG) position to open an order control menu
| Field | Description |
|---|---|
| Cancel Order: (order details) | Cancel the selected MLEG order |
| Open in Complex Order Ticket | Open a Complex Order Ticket populated with the selected position |
| Get Audit Trail | View the detailed history of the position |
5.6 Canceling Orders
There are multiple methods for cancelling orders in the Order Book. You can either utilize the right-click menu as shown above or use the following methods.
-
Cancel All Button
- Cancel every working order in the Order Book
- Cancel All Menu
- Click the down arrow next to the Cancel All Button to access refined cancel features
| Field | Description |
|---|---|
| Cancel ALL Buys | Cancel all working Buy orders. |
| Cancel ALL Sells | Cancel all working Sell orders. |
| Cancel ALL Sell Shorts | Cancel all working Sell Short orders. (Does not apply to MLEG orders) |
| Cancel ALL Stock | Cancel all working Stock orders. (Does not apply to MLEG orders) |
| Cancel ALL Calls | Cancel all working Call option orders. (Does not apply to MLEG orders) |
| Cancel ALL Puts | Cancel all working Put option orders. (Does not apply to MLEG orders) |
6. Filled / Canceled Orders
The Filled / Canceled Order section of the Order Book displays positions that have reached a filled or canceled state.
In this section we will cover how to:
Open identical trades in order tickets
6.1 Opening Order Tickets
Right-click any order in the Filled Orders section to open order tickets populated with an identical order.
| Field | Description |
|---|---|
| Open (security) in Order Ticket | Launch an Order Ticket populated with the selected security |
| Open (security) in Depth Ticket | Launch a Depth Ticket populated with the selected security |
| Open in Complex Order Ticket | Launch a Complex Order Ticket (MLEG positions only) |
| Get Audit Trail | View the detailed history of the order |
Tip: Use the Show Fills Only check box to only display orders that have been filled. This will hide all other transactions and limit the amount of information displayed on the spreadsheet.