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Professional
Charting Solutions for Professional Traders
The
evolution from open outcry to screen based trading
has blurred the traditional lines between the ISVs who
facilitate the orders and the data vendors who
disseminate price information. Today's market arena
allows us to capture trade data directly from the
execution stream-as opposed to a data vendor's (3rd
party) consolidated ticker stream. Charts and decision
support tools demand executable quality prices to
accurately analyze and generate trade decisions.
X_Study gives you that.
High
Performance Architecture
A
new TT component known as the Financial Market Data
Server (FMDS) captures time series data directly from
the exchange feeds. Then the X_STUDY charting
component blends the historical time series from FMDS
with continuous real-time updates from the TT price
stream -the same price stream used for trade
execution. The end result is the best of both worlds:
Unique
Data Sets
Unique
from the start, FMDS captures more than the
traditional elements of price, size and time. Along
with each trade, FMDS stores information about the
trade that is indispensable to traders. Data
such as the current bid and offer at the time of the
trade, and whether the trade is a Buy or a Sell, i.e.,
whether it occurred on the bid or on the offer,
provide opportunities to develop custom price and
volume analytics that are impossible to create without
this key information.
Innovative
Volume Analysis
X_STUDY
offers volume analysis tools not available elsewhere.
Six different types of volume displays are available.
Display only the Buys, or only the Sells. Display a
total traded volume histogram, or overlay the Volume
Delta (buying v. selling) on top, color-coded for
quick visual interpretation. The Cumulative Volume
Delta (CVD) indicator displays a running total of net
buying v. selling, providing a view of the
distribution and accumulation for short/ long term
swings.
True
Spread Charts
X_STUDY
offers spread charts based on
real-world market conditions. Spreads can be displayed
as Bid-to-Bid, Ask-to-Ask comparisons to simulate
realistic spread trading. X_STUDY spread charts are
full-featured charts and offer all the same analysis
functionality as outright instruments.
Chart
Based Execution
The
tight integration of charting and executable
prices establishes X_STUDY as the platform of choice
for the next level of charting functionality: chart
based executions. X_STUDY can optionally display
the patented MD Trader® market depth grid adjacent to
the price axis on the chart, with the grid
price levels aligned to the chart bars. Single
click order entry is part of the chart.
User
Manual
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