CQG QTrader 2020 offers detailed DOM tool showing order’s place in queue

Maria Nikolova

The detailed DOM tool provides traders with full transparency of the order book by price and shows one’s order’s placement in the queue.

Provider of high-performance trading, market data, and technical analysis tools CQG continues to enhance the capabilities of its solutions, including CQG QTrader – a platform for professional traders. CQG QTrader 2020 offers Detailed DOM Tool, which gives full transparency of the order book by price and includes one’s order’s placement in the queue.

To enable this feature, open up the Trading Preferences/Trading Display for the trading application.

On the Trading Preferences/Trading Display in the Miscellaneous section in the bottom right-hand corner you check off the Show Detailed DOM Tool. Traders can choose to display:

  • Show place in queue on the depth of market column;
  • Show estimated place in queue if actual place in queue is not available from an exchange (The estimated place uses italic fonts in the trading interface);
  • Show the number of lots ahead of your working order;
  • Show the number of orders ahead of your working order;
  • Show both the number of lots and the number of orders.

Clicking on the Detailed DOM Tool button will launch a new display showing the details of the best bid and best ask working orders queues. The depth of market column on the price ladder shows the actual number of orders and number of contracts ahead of one’s order in the queue.

With the Detailed DOM Tool open and if you select the price on the price ladder with your working order then the Detailed DOM Tool will display the orders in the queue at that price and where your working order stands in the list of working orders.

The example below is from the Spreadsheet Trader. Opening the Detailed DOM Tool allows users of the platform to see the best bid and best ask queues. Traders can select the price from the price ladder with their working order for place in the queue.

This functionality is available for all order routing interfaces except SnapTrader and Split Quote Board.

Read this next

Chainwire

Kadena Announces Annelise Osborne as Chief Business Officer

Kadena, the only scalable Layer-1 Proof-of-Work blockchain, expands its leadership team by onboarding Annelise Osborne as Kadena’s new Chief Business Officer (CBO).

Fintech

TNS brings full-stack market data management to EMEA

“We are also delighted to have Ben Myers join our London-based TNS Financial Markets team as Head of Strategic Sales for EMEA, to bolster our presence in the region.”

Chainwire

Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polkadot via Asset Hub support

Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem.

Executive Moves

INFINOX hires Mayne Ayliffe as Global Head of HR

“I look forward to working with our teams around the world to develop a strategic HR agenda that supports high performance and is centred on human motivation.”

Fintech

Sterling to provide risk and margin support for fixed income

“Firms must have the tools to effectively manage their risk across all asset classes. As yields rise, we see more exposure from clients in the fixed income space. We understand their need to measure and mitigate risk in a highly regulated environment.”

Retail FX

FXOpen launches HK share CFDs: Tencent, Alibaba, Xiaomi, Baidu

Hong Kong share CFDs will be commission-free for a limited period of time.

Retail FX

IronFX Celebrates an Award-Winning Start to 2024 with a Series of Industry Recognitions

IronFX, a global leader in online trading, has embarked on 2024 with a spectacular display of accolades that highlight its commitment to excellence and innovation in the competitive financial services sector.

Industry News

FIA urges CFTC to regulate use cases rather than AI itself

“We urge the CFTC to refrain from crafting new regulations that generally regulate AI because this approach presents certain well-known pitfalls. By approaching the issue from the perspective of AI as a technology, rather than the use case for the technology, corresponding regulations would likely necessitate a definition of AI. We anticipate that any attempt to properly define AI would be very challenging and require considerable resources.”

Education, Inside View

The Power of Public Relations in Finance: Shaping Perceptions & Building Reputation

It’s safe to say that the finance industry has faced its share of reputation crises over the years, from the 2008 financial collapse to the many scandals around irresponsible lending, political corruption, and even Ponzi schemes. 

<