You can find the “Basket Trader” module on the left side toolbar of your desktop platform or by clicking “Trading” → “Basket Trader”.
“Basket Trader” lets you collect a portfolio of assets and jointly execute them as Market orders.
To add instruments to “Basket Trader”, just drag them onto the module.
You can then specify the quantity for each of the instruments and the side of trade for each specific instrument (buy or sell). You can set a multiplier for the basket's overall volume. To perform a trade, click Buy or Sell.
Note: If you choose to sell any instrument and then click Sell for the entire basket, the instrument will be bought, not sold. Take this into account when managing your “Basket Trader”.
The Quantity and Multiplier buttons change the displayed cost of the basket. If both of them are inactive, the basket price is shown for one item of each asset. Otherwise, the sum is affected by the activated parameter. Please note that the Quantity and Multiplier buttons do not affect the actual sum of your order.
Let's examine the toolbar.
The pencil
icon allows you to edit the name of the basket.
The cross
icon allows you to delete the opened basket (e.g., a basket titled “Apple”).
The plus
icon allows you to create a new basket.
The basket chart
icon allows you to build a chart reflecting the price dynamics of the basket, based on the charts of the assets therein.
The PnL chart
icon allows you to build a PnL on Expiration chart by adding assets with the same underlying. The chart takes into account your current position and the average price of your current position.
The alerts
icon allows you to create price alerts for selected assets from the basket.
Using the Basket Trader Module
The “Basket Trader” module is a perfect tool for trading multiple instruments at once.
Start using the Basket Trader
Add relevant instruments to the module. To do so, drag instruments from the “Instruments” module to the Basket Trader module.
The “Basket Trader” module displays basic information on each instrument and the parameters for creating orders, including:
Instrument: name of the instrument
CCY (currency): asset's default currency
Bid Size: number of outstanding bids
Bid: bid price
Ask: ask price
Ask Size: number of outstanding asks
Quantity: desired quantity of the instrument
Side: Sell or Buy trade side
Current position: current number of instruments in the portfolio
Average price: average price of the instruments currently held in the portfolio
Click on the gear icon in the top right corner of the module to add or remove columns and customise the window to your liking. Read more about various criteria here.
Create market orders for selected instruments.
Specify the Quantity of instruments in the Quantity field
Specify the trade Side (Buy or Sell) for each of the instruments
You can also select a multiplier to specify the quantity of instruments. Select a relevant multiplier in the bottom left part of the Basket Trader as shown in the image below.
Now click Buy or Sell to create market orders.
Note: You can use Basket Trader together with the Click Trade module or the Order module. To do so, drag an instrument from the Basket Trader into one of the two other modules. The corresponding instrument and its quantity will be selected automatically in Click Trade or Order.