One of the main features of any trading platform is the platform's order entry system. In designing the order entry functionality, we went to great lengths to make sure that the interface was easy to use and intuitive in its layout and navigation. Further, once an order is entered, the results that the user views needed to be informative and provide a level of information that was thorough without being overwhelming. In MTrade, we believe we've been successful in meeting these criteria.

In the following section, we'll walk you through the placement of a hypothetical order so that you can get a better feel for how the order entry functionality of MTrade has been designed. Even greater detail is available in our Quick Start Guide which is available for download in PDF format either here or from anywhere on this site by using the Quickstart tab above.

Placing an order.

First, select the desired order entry page option from the MTrade menu. You have the option of selecting from Future, Future Option, Spread or Spread Option. Also, remember that you can change your default type from your MTrade profile.

In most cases, the account number will be the one in the drop down box, or if you have multiple accounts, you can choose from the list of available accounts from the drop down.

Next, enter the applicable contract data in the corresponding fields. Note that you can view real time quote information by clicking on the Quick Quote button at the bottom of the page. Again, much of this information can be set to default values by using your MTrade profile.

When you've finished entering the contract data select Preview Order at the bottom of the page. A page will be displayed showing the order you just entered. Confirm that the order is correct and click on the Send Order button to submit it for processing.

This is one of only several methods for entering an order via MTrade. As mentioned above, much greater detail is available by downloading the Quick Start Guide.

Entering an option spread order.

MTrade offers you the ability to place up to a four-legged option spread.

As above with a futures order, if you manage more than one account, choose the account in which you wish to place the trade from the drop down menu.

Next, enter each leg of the spread by providing the appropriate information into each of the areas from "Buy/Sell" down through "Call/Put." And in the final steps to placing the order, choose the price type from the drop down, choose "Buy" or "Sell" to indicate whether you are placing a debit or credit spread, enter the price differential and, finally, select the order duration.

When you're finished entering the option spread order, select Preview Order at the bottom of the page. A page will be displayed showing the order you just entered. Confirm that the order is correct and click on the Send Order button to submit it for processing.

Viewing a chart.

Many times prior to placing an order you may wish to view a chart of the contract you are interested in trading. You can access the charting functionality quickly by selecting "Quote" and then "Chart" from the menu system.

There are two methods by which you can view a chart. The quickest is to enter the contract into the top available box and then click on the "Get Chart" button. If you are unsure of the contract format or if you wish to modify the chart parameters, you can do so by selecting from the combination of drop downs and entering information into the available areas. Click on the "Get Chart" button and your customized chart will appear.

Information on System Requirements. | Copyright © MF Global - All Rights Reserved.
Use of this site constitutes acceptance of Terms of Use. | A word about your Privacy.
Send comments and suggestions to: webmaster@manfinancial.com.