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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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