Trading terminal

EXANTE is an international brand name established in 2011 that aims to give its clients access to a broad range of financial instruments and markets. We designed and developed the EXANTE trading platform in-house to deliver the ultimate performance and user experience to traders worldwide.

Here’s a taster of what you can do using the EXANTE desktop terminal:

The platform runs on Windows (32 and 64 bit), MacOS and Linux. It requires an Internet connection to work.

Everything else you might need (e.g. JRE 11) is already in the package. Just download the setup file and follow the Installation wizard:

Windows 64
Mac OS
Linux

The terminal checks for updates automatically but still asks you to permit the installation.

Hint: If you are experiencing any difficulties with the installation, turn off antivirus protection and run the setup file as administrator.

Click on a relevant picture below to download the EXANTE trading platform for your operating system!

Download the setup file and follow the Wizard to install the platform. The platform requires stable Internet connection. If the Internet connection is available, the platform will automatically connect to our server after launch.

In the login dialogue window, enter the email address and password you specified during the website registration.

If you have not registered on our website yet, please follow the link. You will not be able to use the trading platform without a proper account.

Select the environment you want to log in to: ‘Demo’ or  ‘Live’. The credentials  are the same for both options. To avoid entering your login every time, check the ‘Remember email’ box, and the application will remember your credentials. On entering the correct login and password and clicking Login, the dialogue window will disappear and the modules will become active. 

The terminal updates automatically. Every time you launch the terminal, it checks the server for updates. The application will update without you having to download the new version.

When an update becomes available, you will see a window suggesting to reboot the terminal:

The final step before you log in is to register an account. It only takes two minutes to register for the Demo version. It’s free and you don’t have to upload any documents to start. Follow the link to register!

If you have already registered, log in using the credentials you provided.

‘Live’ or ‘Demo’ defines the environment you log in. Practice your skills on the Demo account or go Live to get direct market access and perform real-time trades. Please note that market data may be delayed by 30 minutes in the demonstration mode.

Hint: Want to save your login data between launches? Tick the ‘Remember email’ checkbox.

Once you’re logged in, you will see a Tip of the Day providing hints to help you master the terminal. Read them or tick the checkbox to disable the tips:

You can reactivate the tips in the Settings – General section, 

or read them whenever you want from Help.

Thanks to its modular design, the EXANTE trading platform easily adapts to the needs of both novice and experienced traders.

The main window always features the toolbar on the left side of the screen and the status bar at the bottom. Everything else is up to you!

Add the entire toolbar from the Basic settings menu.

• Rearrange tabs as you please – just drag and drop them
• Customise tab size by dragging its boundaries

• Float tabs on top of other windows or Dock them next to each other

Hint: Using a lot of floating windows? Toggle the borderless mode by pressing Ctrl+M

• Maximise any tab to full-screen or Restore its original size

Hint: Double-click the tab header to Maximise or Restore in a snap

• Close tabs you don’t need: one by one, all but the current, all to the right, or all tabs

Hint: Want to close the current tab? Press Ctrl+W

Hint: Want to move to the next tab quickly? Press Ctrl+Tab

• Or Auto-hide unused tabs to the bottom of the main window, by right clicking on the top of the tab

The toolbar serves as the launch centre. Click any icon to open the corresponding module. If it is already opened, we’ll highlight it. If you want to open the same tab again and again, hold Shift while clicking.

Note: Some modules might only be opened once, namely: Instruments, Basket Trader, Multi Account Trading, Price Alerts, Notifications, Settings and Help.

Hint: Prevent accidental misclicks by toggling off the Trading switch on the toolbar.

The status bar reminds you if you are using the Demo environment. It also displays current time (GMT) and coloured connection status.

Need to know what every module is for? Jump straight to the description of the desired module:

• Instruments
• Chart
• Click-Trade
• Order
• Basket Trader
• Market Depth
• Quote Monitor
• Option Board
• Open Positions
• Price Alerts
• Trade Blotter
• Current Orders
• Account Summary
• Margin Report
• Bond Screener
• Time & Sales

The platform enables various shortcuts. Use various dropdown menus and make the most of your trading experience! 

Let's have a look at the various dropdown menus:

Account

Right-click on the account name, in order to open the account in one of the modules listed in the dropdown menu. This shortcut works in every module where you can see your account name (such as 'Chart', 'Order' and others). This option allows you to easily access:

• Account Summary for the selected account
• Margin Report for the selected account
• Overview of Open Positions for the selected account
• Overview of Trade history for the selected account
• Overview of Transaction history for the selected account
• Edit account description

Instrument

In a similar manner that you can access modules by right-clicking on the account name, you can access a set of shortcuts by right-clicking on the name of the instrument. You can do this in every module where you see the name of the instrument (such as 'Chart', 'Open Positions' and others).

Right-click on the instrument name in order to open the selected instrument in one of the modules listed in the dropdown menu. This option allows you to easily open the selected instrument in the:

• Chart window
• Click-Trade module
• Basket Trader
• Quote Monitor
• View it's Market Depth
• View it's history of completed orders by clicking on Time & Sales
• View Instrument information
• Create a Price Alert for the selected instrument
• Copy Instrument

Chart

Right-click anywhere on the Chart to access the shortcuts all in one place. 

Change the appearance of the chart by right-clicking anywhere on it. This option allows you to:

• Change the timeframe of the Chart
• Change the quote source: mid trades
• Add drawings to the Chart
• Change the style of the chart: candlesticks, OHLC bars, lines
• Export chart data directly into XLS or PNG formats, or copy it into the clipboard as plain text or image
• Select indicators displayed in the Chart
• Show orders
• Show trades
• Show vertical cursor line
• Show horizontal cursor line
• Hide gaps (hide inactive trading periods, like holidays, etc.)
• Display average position
• Show indicators
• Display logarithmic scale
• Display percentage scale
• Toggle vertical scaling to manual
• Add another instrument
• Reset Layout
• Duplicate Chart
• Clear all the drawings

The platform screen consists of the menu and modules. Each of the modules performs a dedicated function. Learn more about the individual modules: 

• Instruments
• Chart
• Click-Trade
• Order
• Basket Trader
• Market Depth
• Quote Monitor
• Option Board
• Open Positions
• Price Alerts
• Trade Blotter
• Current Orders
• Account Summary
• Margin Report
• Bond Screener

If a module contains a data table (see example - 'Current Orders', 'Open Positions' and others), you can use a data filtration and sorting pattern:

• Click on the column name to change the order from ascending to descending and back
• Filter the column data according to preference criteria 
• Use ‘<’, ‘=’, ‘>’ signs before a number to find the corresponding ranges
• Type a part of the word/symbol you’re searching for (see below).

You can also access the modules by right-clicking on a desired instrument in any module. Once you click, a context menu will appear so you can open the instrument in the module you need (see below).

The EXANTE trading platform allows you to link various modules and easily switch between instruments and accounts. 

By Instrument

The anchor button next to the name of the instrument in modules 'Chart', 'Order', 'Click-Trade' and 'Market Depth' allows you to link various modules:

If you click on the anchor button in multiple modules and change the instrument in one of the modules, it will automatically change the instrument in the linked modules as well. 

Example: If you link, i.e. pressing the anchor button in, the 'Chart' and 'Orders' modules and choose to display a different instrument in the chart, the same instrument will simultaneously appear in the 'Orders' module.

By Account

The chain button next to your account number also allows you to link various modules.

If you click on the chain button in multiple modules and change between your accounts in one of the modules, it will automatically change the account in the linked modules as well. 

Example: If you link, i.e. pressing the chain button in, the 'Open Positions', 'Margin Report' and 'Account Summary' modules and  switch to a different account in the Account Summary window, results for the same account will simultaneously appear in the 'Open Positions' and 'Margin Report' modules.

To configure the EXANTE trading platform, open the 'Settings' menu. It is located in the bottom left corner of the application, in the toolbar:

Alternatively, it is possible to open the 'Settings' menu from the top toolbar, by clicking on 'Help' and selecting 'Settings' from the menu:

General tab allows you to choose the language of the platform. 

You can change the language by clicking ‘Settings’ on the right side of the top toolbar > ‘General’ > ‘Language’. Choose between: English, German, Russian, Spanish, French, Italian, Polish, Chinese Simplified, Chinese Traditional, Thai or ‘Auto’. ‘Auto’ means that the language of the platform will be the same as the language of your operating system. 

You can also change the default currency by clicking on ‘Displayed Currency'. Choose between the following currencies: EUR, USD, AUD, CAD, CHF, CZK, GBP, HKD, JPY, NOK, NZD, PLN, RUB, SEK, SGD, TRY or ZAR.  

You can also select the default action that is performed when you double-click on an instrument in the Instrument tree. Choose between:

• Chart (opens the instrument chart),
• Click-Trade (opens the instrument in the Click-Trade module),
• Order (creates an order for the instrument), 
• Basket Trader (adds the instrument to the Basket Trader module), 
• Market Depth (adds the instrument to the Market Depth module),
• Quote Monitor (adds the instrument to the Quote Monitor module),
• Option Board (available only for options, adds the instrument to the Option Board),
• Time & Sales (opens the history of the completed orders for the instrument),
• Instrument Info (displays instrument information),
• Copy Instrument (copies the abbreviated name of the instrument).

You can also set your default time zone if it differs from automatic computer setup.

Additionally it is possible to choose the:

Color scheme - set the color scheme of the desktop platform. It is possible to pick either a light or a dark theme. 

Show order confirmations - tick this option in order to receive notifications upon completed orders.

Highlight active modules - if you tick this box, every time you select a module from the top toolbar or dropdown menu that is already open, the active module will light up indicating that it is already active. 

Show tips at startup - if you tick this option, you will automatically see a new technical tip about how to use the platform every time you log in to the platform. Show side toolbar - if you tick this option, the side toolbar will automatically appear and it will be present every time upon opening the platform.

To configure notification settings, open the 'Settings' menu. It is located in the bottom left corner of the application, in the toolbar.

The Notifications tab lets you configure settings for order notifications.

Check the ‘Text’ box if you want to see text notifications of corresponding events: ‘Place’ (placing an order), ‘Fill’, ‘Cancel’ or ‘Reject’ (your order has been rejected). 

Check the ‘Sound’ box if you want to hear sound alerts when ‘Place’, ‘Fill’, ‘Cancel’ or ‘Reject’ events happen.

To configure chart settings, open the 'Settings' menu. It is located in the bottom left corner of the application, in the toolbar.

The Chart tab contains settings for charts that will be applied by default to newly-opened charts.

Please note that the listed settings will not affect charts that are already open (you can manage them directly in the Chart module).

Set up your own default collection of indicators by clicking on the ‘Configure’ button:

Tuning other Chart settings allows setting up default quote chart layout, including:

• Aggregation interval (ticks, minutes, hours, days, etc.)
• Source (data on bid/ask or trades and volumes)
• Chart style (candlesticks, OHLC bars or lines)

Besides that, you can configure the way your charts look. Choose whether you want to:

• Show orders
• Show trades
• Show position and average price
• Show price alerts
• Show vertical cursor line
• Show horizontal cursor line
• Hide gaps (hide inactive trading periods, like holidays, etc.)

To configure advanced settings, open the 'Settings' menu. It is located in the bottom left corner of the application, in the toolbar.

The 'Reset Layout' button allows you to reset the original application layout. If you click it, the application will restart and all modules will be reset to their default locations the way you saw them at first startup. This operation cannot be undone.

If you want to start using the application from a different device, click on 'Restore profiles' button to restore your former settings. 

In order to restore your profile, you first need to click on 'Back up profiles' in order to save your existing information. This will save your user profile settings in 'Quote Monitor', 'Basket Trader' and 'MAT' modules. 

This window also allows the platform to remember your platform in order to suggest it upon start up. 

Please note: Remembering password decreases total safety level!

Organised in a tree-like structure, all available Instruments are gathered and grouped by type. Press Ctrl+I to get there in a snap!

Alternatively, open the module by clicking on 'Instruments' on the left toolbar:

No matter your preference, check which instruments you’d like to view by clicking the coloured icon. The grey ‘Expired’ icon controls visibility of recently expired instruments (derivatives mostly), while the hollow ‘Non-tradable’ icon refers to the instruments that cannot be purchased in the terminal. If you filter anything out, you will see both the visible and total count of available instruments.

Note: The search omits hidden instruments.

If you aren’t sure what you prefer to trade, navigate the tree by expanding its branches. Use keyboard arrows to navigate, expand or contract the instrument tree, or press Tab to return to the Search field.

Hint: Want to collapse the tree back to its original form? Click the folder  icon.

If you know what you’re looking for, type in a few letters from the instrument’s name, ticker, Exchange, ISIN or FIGI. The results will pop up on the screen right away.

When you find an instrument, you can proceed in a variety of different ways. Bring out the context menu, double-click to evoke the default action, or drag the instrument and drop it to another module. Right-click on the instrument to open the drop-down menu:

Hint: Want to choose a bond to invest in? Try out the dedicated Bond Screener module.

Instrument Info provides all essential information about an instrument in real time and visualises the trading schedule. Find Instrument Info by right-clicking on the chosen instrument!

Let's examine the window in more detail!

Instrument Info is visually divided in seven parts:

1. EXANTE ID, description and exchange info 
2. Current feed status
3. ‘Copy’ button that copies all instrument information on the clipboard

Note! The schedule won’t be copied.

1. Colour-coded schedule 
2. Additional instrument specification that links to detailed instrument information provided by an exchange
3. Instrument-specific information
4. Account-specific trading conditions, commissions and fees (7) 

Click on 'Specification' (5) and see additional information about the instrument:

Let's explore each part of Instrument Info in more detail!

• ISIN - International Securities Identification Number (US0378331005)
• FIGI - Financial Instrument Global Identifier (BBG000B9XRY4)
• Ticker - the name of an instrument in a specific exchange. The combination of Ticker and Exchange is the EXANTE ID of an instrument (AAPL.NASDAQ)
• Unit - unit of measurement applied on instrument trading. Unit is defined by instrument Type (Shares)

• Lot size and (if applicable) Minimum lot size - describes minimum possible order quantity. The quantity traded must be a multiple of Lot size and no less than Minimum lot size (1)
• Bonds are traditionally traded in price units that differ from 1. All other instruments shall have 1 here (1)
• Contract Multiplier - indicates how many contracts one unit comprises (1)
• Type - indicates instrument type (Stocks & ETFs)
• Currency - indicates the currency in which the instrument is traded ($)
• Price step and Price step value have similar functions: the former shows minimum price digression whereas the latter shows the cost of that digression per 1 unit (0.01 & 0.01$)
• Short allowance indicates whether you can open positions by selling an instrument you borrow from a broker (Yes)
• Required margin - sets an amount needed to trade an instrument. For some instruments, it depends on the trade side: you will see exactly how it varies whether you are buying or selling (26.02$)

Information on instruments that belong to other asset classes may also include:

• Underlying - specifies the Underlying itself (AAPL.NASDAQ - Options contract on Apple stock). You can open the context menu or drag and drop the underlying into other modules
• Expiry date - expiration date for derivatives is the final date on which the derivative is valid. After that time, the contract expires (19.03.2021 22:00)
• Overnight rates - applicable when you hold an asset for several days. A positive value here means you will get money for storing the asset stored in your EXANTE account 
• Concentration rate - leverage rate applied when a position risk (position value * concentration leverage) exceeds the account balance
• Leverage rate - indicates a proportion of your money in a trade. A leverage rate of 100% means the position will be totally covered by your own assets. A leverage rate 2% implies a 1:50 leverage
• If you’re frequently using margin trading, please pay attention to Leverage rate, Concentration rate and Required Margin.

Explore the platform

EXANTE clients have direct access to over 50 markets. A quick search by Apple's ISIN shows that Apple stocks are available for trading at least at three venues: Börse Frankfurt, London Stock Exchange, Xetra, MICEX and NASDAQ. Compare trading schedules and conditions and cash in on these data!

You can find the 'Chart' module in the upper menu by clicking on 'Quotes' → 'Chart' in the toolbar under the 'Quotes' segment, or in the left toolbar under the 'Quotes' segment.

The Chart is one of the key trader’s tools. It updates in real time and shows current market quotes. 

To open an instrument in the 'Chart' module, you can:

• Drag and drop the instrument in the 'Chart' module
• Open the 'Chart' through an instrument's context menu
• Hold ‘Alt’ while drag-and-dropping and add another instrument on top of the existing Chart
• Control the instruments you added to the first one in the Indicators menu. Open it by double-clicking the indicator’s legend in the bottom-left corner of the Chart.

This is the Chart toolbar:

Hide it by pulling the bottom border up and down or by pressing ‘Ctrl+e’. This will allow you to fit more information on the screen.

Use the toolbar to select the necessary level of chart detailisation: down to a tick, minute and other timeframes. You can also adjust the scale of the chart image by scrolling the mouse wheel.

The fee status icon is located in the upper-right corner of the Chart. Hover the mouse cursor over it to see the market schedule:

To change the layout of the Chart:

• Adjust the scale of the chart by turning the mouse wheel
• To get the full picture, switch between tick data (if available) and various aggregated timeframes – from 1 minute to 1 month!

• You can also switch the quote source: select Mid or Trades.

Note: If there’s no trade data for the instrument, switching won’t be available.

Click on the gear icon from the Chart toolbar to open the 'Chart tools' sub-menu

• Select the Chart style: coloured OHLC bars, candlesticks or lines

• Toggle orders: show orders
• Toggle trades: show trades
• Toggle vertical cursor line: show vertical cursor line
• Toggle horizontal cursor line: show horizontal cursor line
• Toggle gaps: hide gaps (hide inactive trading periods, like holidays, etc.)
• Toggle logarithmic scale: display logarithmic scale
• Toggle percentage scale: display percentage scale
• Toggle average position visibility: display average position
• Add another instrument to the chart
• Indicators: add indicators on the Chart (they will be displayed on the current Chart only). Edit them through the menu or double-click on the indicator’s icon in the bottom-left corner of the Chart.

The module presents an extensive selection of indicators:

Note: To place some indicators on all charts you open, Go to 'Settings' -> 'Chart' and click ‘Indicators’. Pre-set and customise them to your liking!

Press the pencil icon to add Drawings to the Chart!

• To select a drawing, just click on the desired object
• Double-click the drawing to edit it
• To copy the drawing, select the item and press ‘Ctrl+d’: 
• To erase the drawing, select the item and press ‘Del’, or press the eraser icon on the right from the pencil
• To clear all of the drawings, click on the   icon on the chart toolbar.

Do you want to analyse the data further?

• Export chart data directly into XLS or PNG formats, or
• Copy it into the clipboard as plain text or image

Context menu

Right-click anywhere on the chart in order to open the drop-down menu.

Note: Click on 'Share link' at the bottom of the dropdown menu, in order to replicate the Chart. When you choose this option, a deeplink is automatically created and copied to the clipboard. The deeplink contains information of the instrument, stock exchange and time frame and is presented in the following format:

exante://chart/#instrument=AMZN.NASDAQ&timeframe=1hour

When you follow this link from a browser or messenger, a message will pop-up:

And you'll be able to open the platform and see the exact same chart. 

Trading from Chart

The EXANTE trading platform allows you to open, modify or close orders in the 'Order' module by clicking on the chart price axis.

The Сhart is cursor-sensitive, so when you click on the vertical axis you create an order at the selected price level. It will directly appear in the ‘Order’ module that will show up on the right side of your chart. Next, you specify the quantity you wish to trade and push the ‘Sell’ or ‘Buy’ button. Your orders will directly appear as tags on the chart price axis: sell and buy orders are marked with different colours.

• Click the desired price to open the pre-filled Order module for Limit order, or
• Click the desired price while holding ‘Alt’ to do the same for Stop order
• Click a single active order on the Chart to select it.
• Click the red cross to cancel the selected order

• Right click on the order to add Take Profit and Stop Loss, Replaceor Cancel in the context menu

The Indicators window allows you to add, remove or customise some of the indicators that will help you to analyse the Chart.

To open the Indicators window, open the 'Chart' module -> click on the gear icon to open the Chart toolbar -> click 'Indicators'.

The module presents an extensive selection of indicators:

• ADX (DMI) — Average Directional Index — indicates the strength of the trend with configurable parameters:
• Period
• Signal line (level)
• ADX line (color)
• + DM line (color)
• - DM line (color)
• ATR — the Average True Range — indicates market volatility with configurable parameters:
• Period
• Color
• Aroon - indicates the change of trends with configurable parameters:
• Period
• Horizontal line (level)
• Oversold bound (level)
• Overbought bound (level)
• Up (color)
• Down (color)
• Bollinger Bands — the indicator that shows if an asset is overbought or oversold. Users can configure:
• Period
• K (times multiplicator)
• Color
• CCI  — Commodity Channel Index — this oscillator indicator helps determine when an investment vehicle is reaching a condition of being overbought or oversold. Users can configure:
• Period
• Upper bound (level)
• Lower bound (level)
• Color
• EMA — Exponential Moving Average. Users can configure:
• Source (OHLC or volume-based);
• Period
• Color
• Ichimoku — an all-in-one indicator that provides information about support/resistance, trend direction and momentum. Users can configure:
• Conversion line period
• Base line period
• Lagging span 2 periods
• Displacement
• Conversion line (color)
• Base line (color)
• Lagging span (color)
• Lead 1 (color)
• Lead 2 (color)
• MACD Histogram
• MACD — Moving Average Convergence/Divergence
• PSAR — Parabolic Start And Reverse
• Pivot Points — Provide reference points (support and resistance) and help minimise the trading risk
• Price Channel
• ROC — Rate Of Change
• RSI — Relative Strength Index
• SMA — Simple Moving Average
• STO — Stochastic Oscillator
• SuperTrend  — a volatility-based indicator that shows the direction of the predominant price action
• Volume (won't be displayed for the Ticks timeframe)
• Volume by price
• VWMA — Volume Weighted Moving Average
• VWAP —  Volume Weighted Average Price
• WMA —  Weighted Moving Average
• Williams %R — Momentum indicator that measures overbought and oversold levels
• Zig Zag — Trend following indicator that is used to predict when a given security’s momentum is reversing

By default, users can see:

• Delta, Gamma, Theta, Vega, IV, and Theoretical price as indicators for the Options charts
• YTM (Yield To Maturity) for the Bonds charts

The user can edit indicators not only through the menu but also by double-clicking on the indicator’s icon in the bottom-left corner of the respective chart:

Note: To place some indicators on all charts you open, Go to 'Settings' -> 'Chart' and click ‘Indicators’. Pre-set and customise them to your liking!

The Click-Trade module can be used to perform trades quickly.

With the Click-Trade module, trading is as simple as it gets: all you need to do is drag an instrument to this module with the mouse pointer, specify the quantity, and click Sell Market or Buy Market.

The Click-Trade module also lets you create a buy or sell limit order to be filled at the best price. Click the Join Offer button to create a limit order for the sale of the specified quantity of instruments at the Ask price. Click the Join Bid button to create a limit order for the purchase of the specified quantity of instruments at the Bid price.

Click the Buy Offer button to create a limit order for the purchase of the specified quantity of instruments at the Ask price. Click the Sell Bid button to create a limit order for the sale of the specified quantity of instruments at the Bid price.

It is also possible to place ‘clever’ Take Profit (TP) / Stop Loss (SL) orders from the lower panel of the Click Trade and Order modules. TP is an order that closes a previously opened position at a price more profitable for the customer than the price at the time of placing the order. SL is an order that closes a previously opened position at a price less profitable for the customer than the price at the time of placing the order.

After entering the number of assets you want to buy or sell, specify the type of your order: you can choose a TP or SL at a specific price, choose the desired price change in absolute values or in pips. If you choose pips, please make sure you enter integers.

The lower information window shows the summary of your order once you specify the details. The platform automatically calculates the total value, the invoked fee and the margin change when you hover the button you are going to press.

You can switch to the detailed trading window Order by clicking on icon 

If you drag an instrument from the Account Summary module or the Current Orders module to the Click Trade module, the application will automatically set the quantity of instruments that matches the quantity in your account.

To trade using the Click-Trade module, select the relevant instrument in the Instruments module and drag it to the Click-Trade panel.

To perform a trade, select its Duration, i.e. the period during which your offer to sell or buy instruments will remain valid (Day – good till the end of the trading day, or GTC – good till cancelled, IOC - immediate or cancel, FOK - fill or kill). Then specify the quantity of instruments you want to buy in the Quantity field.

Now you can use the following ClickTrade functions to buy or sell instruments: Join Bid, Sell Market, Sell Bid, Join Offer, Buy Market, Buy Offer. Of these, the following two buttons create Market Orders:

Buy Market — buys at the current Ask Price; even if the price has started growing and only some of the instruments have been sold at the old price, the remaining instruments will be bought at any price (a lower or higher price that is the current market price at the time when the order is closed). The Current Orders module shows the average buy price in the Average Price column.

Sell Market — sells at the current Bid Price; even if the price has started falling and only some of the instruments have been sold at the old price, the remaining instruments will be sold at the bid price (a lower or higher price that is the current market price at the time when the order is closed). The Current Orders module shows the average sale price in the Average Price column.

The remaining buttons create Limit Orders:

Join Bid — creates a limit order for the purchase of the specified quantity of instruments at the Bid Price current at the time when the order is created. For example, if the current bid price is 1.3797, but has increased as soon as you clicked Join Bid, the order will be filled only when the relevant instruments are offered for sale at the price of 1.3797 or lower.

Sell Bid — creates a limit order for the sale of the specified quantity of instruments at the Bid Price. For example, if the current bid price is 1.3797, but has decreased as soon as you clicked Sell Bid, the order will be filled only when there are buyers seeking to buy the relevant instruments at the price of 1.3797 or higher.

Join Offer — creates a limit order for the sale of the specified quantity of instruments at the Ask price. For example, if the current ask price is 1.3797, but has decreased as soon as you clicked Join Offer, the order will be filled only when there are buyers seeking to buy the relevant instruments at the price of 1.3797 or higher.

Buy Offer — creates a limit order for the purchase of the specified quantity of instruments at the Ask Price current at the time when the order is created. For example, if the current ask price is 1.3797, but has increased as soon as you clicked Buy Offer, the instruments will be bought only when they are offered for the price of 1.3797 or lower.

This module also allows placing clever Take Profit / Stop Loss orders from the lower panel of the section. After entering the quantity of assets you want to buy or sell, specify the type of your order, you can choose a specific:

• Price - the desired price at which to close the position and take profit, 
• Price change in absolute values - the desired point distance from the current market price,
• Pips - indicate the distance in price steps (price step or minimum trade points) from the current market price. You can see the value of the pip (Price step) by examining the Instrument information.

Note: If you choose pips, please make sure you enter integers.

At the moment you select the desired quantity, the Margin Delta is calculated. Hover over the 'Join Bid' or 'Join Offer' buttons so see the value.

The Margin Delta price indicates the nominal distance (in currency terms) between the limit price of your order and the price of your indicated TP/SL position.

As soon as an order is created, you can see it in the 'Current Orders' module. Once an order has been filled successfully, a notification appears in the bottom right part of the screen; corresponding trade appears in 'Trade Blotter' and position changes in 'Account Summary'.

Pre market / After market

When the market is closed, the client can set ONLY Limit orders. If you want to use any other Order type, the order will be pending until the market opens. 

If you set a Limit order when the market is closed →  the order will be pending.

If you set a Limit order on Pre/after market →  it will be working.

If you set a Market or Stop order when the market is closed →  it will be canceled.

If you set a Market or Stop order on Pre/ after market →  the order will be pending until the market opens.

To trade using the Order module, start the module by clicking 'Order' on the toolbar. The module window appears in the right part of the screen by default.

To start using the module, select the relevant instrument in the Instruments module and drag it into the Order module. Now you are all set to go.

Alternatively, it is possible to open the module by right clicking on the selected instrument and selecting 'Order' in the context menu.

Order types:

The two TP and SL orders allow you to avoid the hassle of sitting in front of your screen and waiting for the outcome, as they will be executed automatically as soon as the price reaches order level. Moreover, TP and SL orders are linked together so when TP order is executed, SL order is automatically cancelled and vice versa.

To create a TP / SL order, first, enter the quantity of assets you want to buy or sell, and then specify the type of your order. You can choose a specific: 

• Price - the desired price at which to close the position and take profit, 
• Price change in absolute values - the desired point distance from the current market price,
• Pips - indicate the distance in price steps (price step or minimum trade points) from the current market price. You can see the value of the pip (Price step) by examining the Instrument information.

Note: If you choose pips, please make sure you enter integers.

Please bear in mind several tips when placing a TP and SL orders:

• both Limit and Market TP/SL orders are directly shown in square brackets in the Current Orders module
• limit TP/SL order have Pending status, while entry order has a Working status
• market TP/SL order have Working status as entry order is executed immediately at market price.

For any order type, select the Duration of the current order from the following options:

To finish creating an order, click Sell or Buy. This will finish the process of order creation, and you will be able to see your order in the Current Order module.

After entering the quantity of assets you want to buy or sell, specify the type of your order: you can choose a specific price, the desired price change in absolute values or in pips. If you choose pips, please make sure you enter integers. 

At the moment you select the desired quantity, the Margin Delta is calculated. Hover over the 'Join Bid' or 'Join Offer' buttons so see the value.

The Margin Delta price indicates the nominal distance (in currency terms) between the limit price of your order and the price of your indicated TP/SL position.

Pre market / After market

When the market is closed, the client can set ONLY Limit orders. If you want to use any other Order type, the order will be pending until the market opens. 

If you set a Limit order when the market is closed →  the order will be pending.

If you set a Limit order on Pre/after market →  it will be working.

If you set a Market or Stop order when the market is closed →  it will be canceled.

If you set a Market or Stop order on Pre/ after market →  the order will be pending until the market opens.

With EXANTE’s automated trading platform, investors can place the following orders. Explore these functions in the 'Orders' or 'Click-trade' modules. 

TP and SL orders allow you to avoid the hassle of sitting in front of your screen and waiting for the outcome, as they will be executed automatically as soon as the price reaches order level. Moreover, TP and SL orders are linked together, so when a TP order is executed, the SL order is automatically cancelled, and vice versa.

Please bear in mind several tips when placing a TP and SL orders:

• Both Limit and Market TP/SL orders are directly shown in square brackets in the Current Orders module
• Limit TP/SL orders have Pending status, while entry orders have a Working status
• Market TP/SL orders have Working status as entry orders are executed immediately at the market price.

For any order type, select the Duration of the current order from the following options: 

To finish creating an order, click Sell or Buy. From here, you will be able to see your order in the Current Order module.

After entering the quantity of assets you want to buy or sell, specify the type of order. You can choose a specific price, the desired price change in absolute values or in pips. If you choose pips, make sure you enter integers!

Basket Trader lets you trade in multiple instruments at once at the market price.

To trade using Basket Trader, you have to add instruments by dragging them into it. You can then specify the quantity for each one of the instruments and the side of the trade for each specific instrument (buy or sell). You can set the multiplier for the basket overall volume.

To perform a trade, click Buy or Sell. Please note that if you choose to Sell any one of the instruments and then click Sell for the entire basket, the instrument will be bought, not sold. Take this into account when managing your Basket Trader.

As to the Quantity and Multiplier buttons, they both change the displayed cost of the basket. If they both are inactive, the basket price is shown for 1 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.

PnL Chart is a tool to visualise possible profits or losses based on the price changes for underlying assets. Use it for any opened position – or evaluate a trade in advance! Check if you can hedge the risks and benefit from market movements at the expiration date!

1. How to draw PnL Chart for an open position
2. How to draw PnL Chart for a future trade

How to draw PnL Chart for an opened position?

Build the chart for any existing position right from Open Positions or Account Summary.

In the context menu, right-click on the instrument and select PnL Chart.

The bottom axe features underlying price. Possible profits are above zero, losses are below.

How to draw PnL Chart for a future trade?

Stepping up: what if we have some assets and want to trade derivatives on them?

1. Open the Basket Trader window
2. Add the underlying. Leave its quantity empty
3. Add derivatives having the same underlying asset
4. Click PnL on Chart icon

The green line (Position) is the same as in the asset’s PnL chart:

The orange line (Basket) shows potential PnL for the instrument(s) you’ve added to the basket – they are also listed right in the chart for your convenience.

The purple one represents both Position + Basket.

Use the PnL Chart to build complex options strategies and predict probable outcomes!

MAT allows you to place orders for a chosen financial instrument on several accounts, therefore, saving time for those who either implement different strategies at a time or handle their clients’ accounts.

The multi-account trading module shows accounts that are used for buying/selling the instrument, net asset value, margin utilization, free money, value and allocation. Allocation shows in which proportion each account contributes to the asset purchasing and is calculated automatically. Trading amount per each account may be set manually or allocated according to one of the chosen methods.

The multi-account trading module is extremely easy to use, just follow the below steps:

1. Open the MAT module via a toolbar. Choose the financial instrument you would like to trade and drag and drop it to the MAT tab.

2. Add the accounts you would like to use for trading.

3. Enter their “total quantity” to indicate the overall amount traded and that will be split among the accounts, or duplicate the “quantity” for each account separately.

4. Select one of the allocation methods:

• Equally - “total quantity” is divided in the same proportion between the accounts
• NAV - “total quantity” is divided among the accounts proportionally to their NAV
• Free money - “total quantity” is split between accounts proportionally to their free money
• Position - an opened position quantity will be substituted next to every account (if any)
• Allocation - lets you to set allocation in percents. Please note that the total allocation might exceed 100% or be lesser than 100%.

The obtained result from any of the above options can also be adjusted manually.

5. Verify the effective quantity. There might be the case when «effective quantity» and «total quantity» differ from each other. For example: you have 3 accounts in the MAT module and you want to enter the trade with 100 stocks. By selecting “equally” as a split option, you will have 33 stocks per each account, thus, the effective QTY will be 99.

6. Select the order parameters such as order type, order duration, price and stop price.

7. Click the “Buy” (or “Sell”) button to place the orders. By doing so, you will place a separate order for each of the accounts.

Market Depth is a specialised module in the EXANTE trading terminal that provides a list of active limit orders grouped by trading side and arranged by price. The feature that makes the Market Depth stand out is rich visualisation. It allows the trader to analyse the market conditions by discovering price levels and resistance zones. We do not aggregate data from multiple exchanges thus allowing you to compare trading situations.

To switch between the modes, click on the icon in the top part of the Market Depth window:

The Classic mode (Without histogram) has only two coloured lines regardless of volume size: the lowest ask and the highest bid. It is the simplest Market Depth view.

Histogram by size shows coloured columns next to every line with an order; its width is indicative of size – the longest column corresponds to the greatest size.

Histogram by total size takes the total size of all orders on the buy or sell side into consideration, so the longest column would be the uppermost or the lowermost. It sums up the total size starting from best bid and offer (e.g. the price that is closest to the market). For example, total volume size for the price up to 198.30 would be the sum of the volumes for prices 198.81, 198.70, 198.40 and 198.30.

You can trade right in the Market Depth window. If you do not see a trade panel, click on the corresponding button.

If you have any open position (short or long), you will see it here as well, otherwise the word ‘Flat’ will be displayed.

Once you have filled the quantity, you can place either a market or a limit order. Market orders are placed when you click on ‘Sell’ or ‘Buy’ buttons.

You can alter duration (other than ‘Day’) if it’s available for the instrument you want to trade.

To place a limit order with a specific price, fill in the quantity, point at a Market Depth cell with this price and click on it. You will see the confirmation and cancellation icons, as well as the quantity of the order. If everything is fine, click the green check sign to place the order.

Please note: Double-click on the cell will place the order instantly! If you want to avoid l misclicks, visit the Settings – General tab and tick the ‘Show order confirmations’ checkbox.

Let’s look at another example explaining how a Buy 1300 @ Market order will be filled. It results in collecting available volumes on quotes up to total size exceeding desired quantity, starting from the best price band. In the case shown on screen, it will be filled so: 300 @ 176.45 + 500 @ 176.46 + 200 @ 176.48 + 100 @ 176.49

You can place a stop order instead of a limit one. It will trigger when the market reaches the stop price you specified. To do so, point the mouse cursor at the Market Depth cell while holding the ‘Alt’ key (text in the cell will change from Limit to Stop), click and confirm.

To place an order with the quantity equal to the price band size, click on a cell while holding the ‘Ctrl’/‘Cmd’ modifier key.

You can drag and drop any order in the Market Depth window to replace it, changing the price. The side (Buy or Sell) and the quantity will remain the same. If you want to replace an order changing both price and quantity, please find it in ‘Current Orders’, right-click on the order and choose ‘Replace’ in the context menu.

In case you want to place an order within the spread, expand it first by clicking an icon at the top part of the window.

Please note: while you may have orders of other types (i.e. Stop Limit or emulated Stop), you will not see them in the Market Depth module. However, they will still be counted when calculating the total number displayed in the ‘Sell’ or ‘Buy’ column header.

To cancel any order you see there, click on the red cross icon next to an order.

You can also add Take Profit or Stop Loss orders to your initial order to secure your profits or minimise losses. Just fill in the desired parameters in the trade panel before placing the order.

Adjust the quantity or price by clicking on the arrows next to it! Another nifty way to do so is to click the parameter in the field and press the ‘Up’ or ‘Down’ keys.

Open the 'Time & Sales' module by clicking on 'Quotes' → 'Time & Sales' in the upper system toolbar. Alternatively, click on the 'Time & Sales' icon in the left toolbar:

What is 'Time & Sales'?

The 'Time & Sales' module displays information concerning completed trades for chosen instruments, all in real-time. In contrast, 'Market Depth' provides information on all outstanding orders. Together these modules provide an exhaustive overview of current market conditions.  

Time & Sales gives investors a clear insight into the asset’s supply and demand, as well as allowing users to spot the behaviour of high-volume securities traders. Use the 'Time & Sales' module to make data-driven decisions!

Every line represents real-time tick-by-tick data, delivered by the exchange:

• Trade timestamp- what time the order took place
• Price - the cost of one instrument
• Size - the amount of instruments that were traded 
• Trade side (if available) - indicating the purchase or sale of an asset

The most recent trades are always on top. The rest are arranged by time, in descending order.

The information is colour-coded for your convenience, and you can easily filter the data to your liking. Want to hide all irrelevant trades, e.g. sized 1,000 or below? Here you go!

Note! Not every exchange provides trade side data, and not every asset has trade data.

You can copy available data for your analyses, and paste it anywhere you choose. Alternatively, you can Export straight to Microsoft Excel™. To do so, just click the button:

Link up active orders to a One-Cancels-the-Other group and execute complex multi-leg trading strategies! If one of these orders triggers, the others will be cancelled automatically.

Here’s how you do it:

• Open Current Orders
• Select up to five orders you want to group
• Choose Set OCO group in the context menu

One of the most popular scenarios to benefit from OCO grouping is to place Take Profit + Stop Loss orders in addition to the main order. Whether the price goes up or down, one of these will be executed, and the other(s) won’t.

You can either link up existing orders as shown above or create a dedicated TP/SL pair:

• When placing an order via Click-Trade, Order or Market Depth modules
• To a Placing, Pending, Working, or Filled order in the Current Orders context menu

Take Profit / Stop Loss orders created this way are treated as Conditional If-Done orders meaning one of them will only be executed if their parent order is successfully filled. Otherwise, these orders will be pending.

Choose whatever suits you best:

• Use preconstructed TP/SL to place Limit and/or Stop orders, or
• NEW! Combine orders of your choice, e.g. basic Limit with Stop Limit or Trailing Stop for more complex trading strategies!

You can find the 'Quote Monitor' module in the toolbar, under the segment 'Quotes'.

It helps you to keep track of the ask and bid prices along with the Up and Down price indicators for the relevant instruments. To add the instruments, you simply need to drag them from the 'Instruments' module and drop them in 'Quote Monitor'.

This module displays the following information for each instrument: 

Instrument indicates the name of the instrument 

Description indicates the full title of the instrument 

Bid Size indicates the of quantity of instruments for sale 

Bid indicates the current bid price of the instrument with a price direction change indicator

Ask indicates the current ask price of the instrument with a price direction change indicator 

Ask Size indicates the quantity of instruments for buying 

Change indicates daily change in absolute value

% Change indicates daily percentage change in value 

Status (the colored circle icon in the far right) indicates the current market activity status. Hover the mouse cursor over it to see the market schedule.

• Grey status icon indicates that the instrument is expired
• Green status icon indicates that the instrument is active

Press the gear icon in the top-right corner to view the full list of possible columns.

For example:

Open Interest (OI) column represents the total number of outstanding derivative contracts that are held by market participants at the end of the day. Each trade completed on the exchange has an impact upon the level of open interest for that day.

• If both parties to the trade are initiating a new position, open interest will increase by one contract (+1).
• If both traders are closing an existing or old position, open interest will decline by one contract (-1).
• The third and final possibility is one old trader passing off his position to a new trader. In this case, the open interest will not change (0).

Take advantage of the 'Quote Monitor' module by creating various profiles. This allows you to group the instruments in various categories. 

Change the name of the current profile with the pen icon; delete the current profile with the X icon; add a new profile with the plus icon. 

Use the option to link modules, as you go up and down through the instrument list in the 'Quote Monitor' module, the instrument will automatically change in the 'Chart' module.

The Options Board module is a table divided into two parts. The left part shows a list of call options, the right one – a list of put options. Between them is a column with contract execution prices (option strikes). You can open as many Option Boards as you need.

In the header you see the name of the option you are investigating. By clicking on the name and the expiration dates, you can jump to other options for the same underlying instrument.

The Option Board features the market activity indicator with a schedule hint in the right-upper corner of the window. It is green when the market is active, and yellow when it is not. If you hover over it, you will see the detailed market schedule.

At the bottom of the table you can see the name of the underlying instrument and its projected price. By right-clicking on its name, you can jump to other modules that would contain information about it.

The data from the Option Board can be copied as text or exported to MS Excel by pushing  button and choosing an option.

The column set can be adjusted by clicking the icon under the market activity indicator,    .

The Strike column features a flexibly customizable filter, which will allow you to pick out only those options that fully suit you by contract execution prices. To use this filter, press the icon near the Strike column name and fill in the field in accordance with the format shown in the field placeholder, ‘From - To : Step, ...’: enter the lower and the upper limit of the interval you want to explore separated by a dash, and add the desired step between two nearby results after a colon.

Any of these parameters can easily be omitted, e.g. you can enter ‘-100:2’ to view all strikes up to 100 from the lowest value available for the chosen options with a step of 2. Add a second interval by separating it from the first one with a comma, and explore discontinuous intervals of execution prices, like in the picture above.

EXANTE Option Board features another important peculiarity: it displays widespread indicators called Greeks. The implied volatility (IV) is measured in percent and displayed as a histogram:

We calculate delta, which is a measure of the change in an option’s price resulting from a change in the underlying asset, and gamma, delta’s rate of change.

Theta that measures the rate of decline of premium resulting from the passage of time is also available. We calculate theta for each day in price points. The last indicator added this time is vega; it quantifies risk exposure to implied volatility changes. It’s calculated in price points per one percentage point of IV change.

They all can be found under the icon in the right-upper corner of the Option Board table.

The Greeks are calculated based on the generalized Black model individually for each strike. We stick to the following rules:

• The implied volatility is calculated for only out-of-the-money options based on the average quote between bid and ask;
• To calculate the time to option expiration we use calendar dates with the accuracy of one second;
• The risk-free rate is calculated based on the average box spreads for those SPX options with such expiration dates that allow defining the market price using bid and ask due to sufficient liquidity;
• The rate for unrepresentative expirations is extrapolated cubically.

We use the underlying asset’s forward price calculated based on put-call parity. This way we can take account of the expected dividends without using the dividend yield forecasts provided by third parties. This allows us to make more precise estimates.

At the moment IV and Greeks are calculated only within a trading session for options with underlying assets denominated in dollars and euros.

E.g., take options on Sugar No11 expiring in June 2018 (SO.ICE.N2018.)

Take strike 13, Put option. Generally, the Greeks will be interpreted in the following way:

Open Positions module allows to view and manage all open positions and all working orders easily.

The Open Positions module displays all the positions you have opened and their primary information: Instrument, Position (quantity), Average Price, Price, P&L in EUR (profit / loss in the default currency). This information is updated in real time. On top of that, you will find two columns (Long and Short), which show working orders information.

Clicking the red cross button in the first column will close any your open position. You can cancel all working orders by clicking on the red cross button in the last column. You can also close or cancel all positions at once by clicking Cancel and Close All.

Please note that if one of your opened positions is equal or above 100,000 USD, our platform may not let you close it at market price. By disabling close option, we hedge our clients against a random cancel click that can lead to unpredictable losses. You can either close your positions partially, or close them at limit price.

Do you want to track price changes? Set a price alert!

Use these alerts to keep an eye on all latest market trends and develop an appropriate trading strategy.

How do price alerts work?

Set a price alert and it will notify you when the instrument’s price satisfies a certain condition. While an alert is active, you can edit it to your liking. When the condition is met, the alert status changes and a notification appears on the bottom right corner of the platform.

How many price alerts can I set?

You can set as many alerts as you want. Manage them in the 'Price Alerts' module to prevent possible losses or gain profits!

How to create a price alert?

1. Open the 'Price Alerts' module from the left toolbar or by selecting 'Quotes' → 'Price Alerts' from the upper system menu
2. Choose an instrument and drag it into the 'Price Alerts' module

Alternatively, right-click any instrument to Create Price Alert via a context menu.

A window will appear:

• Check the current instrument's quotes
• Enter the target price
• Choose the quote's side (Bid, Ask, or Mid)
• Set a trigger condition (lower or higher than the target price)
• Click Create!

By default, we suppose that you want to buy below the market and sell above the market. Are you expecting a different outcome? Just choose the condition after you have set the target price.

There are no Bid /Ask quotes in the window

We provide some of our feeds on a subscription basis. However, you still can create Price Alerts to keep track of price fluctuations – even if you haven’t paid a subscription.

Where can I view the price alerts I created?

You can always delete alerts you no longer need by:

• Using the context menu
• Selecting them and pressing 'Del'.

Do you want price alerts to help you see the bigger picture?

Integrate Price Alerts into your instrument. Go to Settings – Chart, and check the 'Show price alerts' box.