Main Order Ticket
The Main Order Ticket is how users can place orders. For help with the actual order-placing workflow, see Placing Orders. This section describes the various components that make up the Main Order Ticket screen.
Order Ticket Window Sections
The Order Ticket Window consists of 4 main sections:
1) Basic instrument information, displayed at the top of the ticket
For a futures instrument, the information will include a table showing Bid, Ask, and Last information.
For an options instrument, the information will include two tables: one showing Bid, Ask, and Theo information, and a second showing the current Greeks for the instrument.
2) A dropdown containing the accounts available for trading
You can manually select from the options in the dropdown, or enter text in the search box to filter your choices.
3) The order ticket details
The order ticket section has the following selectable fields/dropdowns.
- Side (Buy or Sell, click to toggle between them)
- Order Type (Limit, Market, MarketLimit, Stop, StopLimit, Iceberg -- note that paper trading can be done only with Market orders at this time)
- Quantity (must be a positive whole number)
- Limit Price (for order types Limit, MarketLimit, StopLimit, and Iceberg)
- Stop Price (for order types Stop and StopLimit)
- Max Show (for Iceberg orders only)
- Time in Force (Day, Gtc, Fod, Ioc)
4) The market depth for the instrument, if available
The market depth section shows the current Bid and Ask quantities and prices. When the relevant data is available, the market depth section will also display a depth ladder showing up to 10 levels of Ask information and 10 levels of Bid information. The number of levels varies based on the instrument chosen and the exact market data available.
You can click in the market depth ladder to set the price and side of a new trade. Clicking on any of the Ask (i.e., red-colored) sections of the ladder will create a new Sell-side Limit order, with a Price equal to the price of the row clicked on in the ladder.
Similarly, clicking on any of the Bid (i.e., blue-colored) sections of the ladder will create a new Buy-side Limit order, with a Price equal to the price of the row clicked on in the ladder.
Clicking on a price in the middle column of the ladder (i.e., the white-colored prices) will create a new Limit order at the Price clicked on in the ladder. But the Buy/Sell side will remain to whatever it was set previously.
If you open an order ticket window for an instrument with no market depth information available, the Market Depth section will update accordingly.
If market depth information is available, and you have open orders at prices in the current ladder, then the market depth section will show these open orders. For example, the following shows the market depth ladder for an instrument that has an open order for quantity 1 at price point 2257.50. The order is on the buy side, and so shows in Blue, in the Bid column. Sell side open orders would show in red, on the Ask side of the ladder.
The open orders shown in the ladder include all the user's trading accounts, and the quantity shown at each price point will be cumulative.
You can click on an open order within the market depth ladder to modify it.
The Modify Order screen will appear for the most recent order placed at the price point clicked on. For example, in the below screenshot, if two bids were placed at 2259.25, the first for quantity 1 and the second for quantity 4, then clicking on the open orders icon in the ladder will open the Modify Order screen for the order placed with quantity 4.
For more information on modifying orders, see Modifying Orders
Opening the ticket window
By default, when City Execution is first launched, the ticket window may not be open.
There are 3 ways to create an order ticket in City Execution.
a) Use a Linked Eikon Window
If you enter or select a (valid) instrument in the search bar of an Eikon window,
the application should update the context for any connected windows. If the City Execution window is connected to the Eikon window, then an order ticket will automatically appear in the City Execution application.
If an order ticket was already present and new instrument is entered or selected in a connected Eikon Window,
then the order ticket in City Execution will be updated with the selected instrument's information.
If you enter an expired instrument that Eikon can still find, then a notification will appear in the lower right part of City Execution.
Similarly, if you enter a valid, unexpired instrument that cannot be traded (because the instrument trades on an unsupported exchange, or because the RIC code cannot be mapped to a valid instrument for trading, etc.), a notification will appear and the order ticket window will not appear/update.
b) Use the Orders Page in City Execution
From the Orders Page in City Execution, you can click on an (unexpired) instrument and an order ticket for that instrument will appear/update.
Any Eikon windows connected to the City Execution window should automatically update as well with information on the selected instrument.
c) Use the Positions Page in City Execution
From the Positions Page in City Execution, you can click on an (unexpired) instrument and an order ticket for that instrument will appear/update.
Any Eikon windows connected to the City Execution window will automatically be updated as well.
Closing the ticket window
You can close the order ticket window by clicking the X button in the upper right corner of the ticket screen.
Once a ticket window is closed, you have to open a new one using one of the three methods above. There is no way to re-open the exact order ticket window you just closed.