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MBT Navigator Features List

Version 11.0.0.1 5.32 MB -- Updated: 11/06/07

MAT (Managed Account Trading) NEW!

The Managed Account Trading (MAT) tool is designed for traders managing multiple accounts with one or multiple strategies. Accounts with trading authorizations, funds or even a regular account plus an IRA can be grouped based on the trader’s design. The MAT functionality is built into the Navigator software and is immediately available for use by any authorized account. There is no minimum account size or minimum number of accounts required to use this tool; MAT allows trading from one to thousands of accounts simply and easily.

More Details

Market Depth (Level II)

Sub pips underlined in LVLI NEW

Drag and Drop to change orders NEW

Drag and Drop change order capability in the Market Depth window. (1) Indented box represents your order. (2)Drag to a new price level in the montage or the opposite side to change into market order. (3)That will send a change order to the new price for your order.

Drag and drop to new price level.

Futures Depth-of-Book

For those with an MB Trading Futures account, you can view the top 5 futures bids and offers, allowing you to see the depth of the market.

TradeFlow Meter

See where the market pressure is. The Trade Flow Meter watches trade volume at the bid vs. the ask, degrading its average over time interval.

Monitor Multiple MPIDs.

Interested in seeing what a particular market participant is doing today? Right-click on the desired MPID, select "monitor", and the color of each selected MPID will invert, making it easier to track.

Watchlist

Yahoo Finance Snapshot menu NEW!

Added Yahoo Finance Snapshot menu item to load fundamental page for selected symbol (equities only).

Pip value/lot column NEW!

Now calculated using bid only so values will be identical whether long or short.

Spread column NEW!

Added Spread column.

S/M column NEW!

Shows 'I' for intraday short, '$' for negative borrow.

Symbols Import NEW!

Import into watchlist of symbols now supports multiple formats.

Server Sided Symbol Lists

The Navigator takes into consideration that you may not log in from the same computer every time; your symbol lists and configuration settings are saved on our server.

Order Entry in Watchlist

Either right-click on your watchlist and select "Show Order Entry" OR double-click on any of the symbols to place an order.

Navigate the Watchlist

Use the UP / DOWN arrows on your keyboard to switch cells in the watchlist. The Enter key now puts you in edit mode, allowing you to change the symbol or accept the change if you are already in edit mode.

Multiple Watchlists

Use the menu command "Navigate|Watchlist" to create a multiple Watchlists. This feature helps keep distinct groups of symbols apart and easily viewed.

Updated Trade Trend

We've updated the trade trend to show you what the market is truly doing. Now on a 0+ tick or a 0- tick, you will see a bullet colored to either the uptick color (if it was 0+) or the downtick color (for 0-).

Sort by any data column

FX Board NEW!

Now shows red bar when bid or Ask is unavailable. Added scrollbars when view is too small to fit content.

Alerts Window NEW!

Alerts window renamed to Messages. Added server name to quote connect/disconnect messages in alerts view.

Order Entry

TIF selector NEW!

Added TIF selector to TTO, Options and Plus templates.

Combination Orders Types NEW!

Added new combination orders: Limit+TTO, Limit+Stop Market, Limit+Trailing Stop, Maket+TTO, Market+Trailing Stop, Stop Limit+TTO, Stop Limit+Trailing Stop, Stop+TTO, Stop+Trailing Stop, Reverse+TTO.

Trailing Stop Trigger NEW!

Added optional trailing stop trigger to TTO template (when open position).

Add IOC support for FX NEW!

Added optional trailing stop trigger to TTO template (when open position).

Intraday shorts NEW!

Intraday shorts now show 'dashed' box in short/margin control. Tooltip shows negative borrow rate.

Cancel Message NEW!

Added a "reason" for cancel message
Added MOC/LOC/Reserve order type for Canadian symbols.

Open Orders NEW!

Shift and Ctrl click can now be used to select multiple open orders, enabling new 'Cancel > Cxl all selected' menu item. Added MOC/LOC/Reserve order type for Canadian.

OE - Order routing defaults NEW!

Shift and Ctrl click can now be used to select multiple open orders, enabling new 'Cancel > Cxl all selected' menu item. Added MOC/LOC/Reserve order type for Canadian.

Cxl Replace dialog NEW!

Now shows most current order details instead of original order details after multiple replaces of the same order.

Optimized accounting, position and order message code for faster execution NEW!

Forex lot size NEW!

Added ability to set Forex lot size (1000-10000 in even 1000's).

"Plus" Template

Offers the ability to place a variety of orders, including Limit + TTO, Market + TTO, Reserve + TTO, Stop + TTO, Limit + Trailing Stop, and Market + Trailing Stop.).

Price vs Speed Template

Price vs Speed setting provides the option of setting how aggressively orders seek liquidity. A proprietary algorithm uses the entered limit price “price vs. speed” setting to scan the market for liquidity. A high “speed” setting typically results in faster fills, while a “price“ biased setting typically results in greater price improvements. This effectively provides a brake and accelerator for MBTX.

All Clients electing a Speed setting of 1 or higher waive their rights to "Best Execution".

Margin/Short Status

Quickly view the status of a stock - a green 'M' indicates "marginable"; a red 'M' with a line through it indicates "not marginable". A purple box around it indicates "shortable" and a gray box indicates "not shortable".

Maximum Trade Qty

Save time by clicking on the BP field to calculate and load the maximum number of shares you can trade (to the nearest round lot).

Pinned Order Entry

Have you found your order entry settings for the day? Don't want them to change every time you change symbols? Pin your Order Entry Screen! By clicking on the pin, the settings are kept as you switch symbols.

TTO trigger recalculation

Want to re-apply your default settings to the TTO screen? By clicking on the last price you can have your TTO defaults recalculated and placed into the Upper trigger and Lower trigger fields.

Order preferences by security type NEW!

Set different default volume quantities for stocks, futures, and options. Each time you change symbols (assuming you are not using the pinned feature) these defaults will be re-applied.

Order type default NEW!

Now set your default order type preference under "order entry defaults". Note that if the order type is not available for the route selected, it will default to Limit.

Submit button color

Now set your "Submit" button color default in the "General Preferences" window.

Options

Online Options trading

After opening an options account, send options orders directly to the exchange.

Highlight Live Orders

See which options you have open orders on by selecting the 'Highlight Live Orders in Grid' preference. This option highlights the rows in which you have open orders.

Options order entry template NEW!

Use the new options order entry template for strangles and straddles.

Basket

Allocate amount now uses EE instead of current BP on saved basket read.

Fix account showing BP instead of EE.

In weight mode, spinner now responds to mouse wheel.

Orderbook and Open Orders

Replaces Suspended GTC orders so that after the replace, order remains in suspended state instead of Live. NEW!

Multiple views of order history

Customize not only what you see, but also how you see it. Interested in viewing only your live orders? Or how about the Live and Executed orders? Want to see everything in a condensed (summarized) fashion?

Sort by any column

Do you prefer to view things in time order? Or how about by Order ID or symbol? The Orderbook and open orders windows both allow you to sort by any column.

Position Window

Column ordering NEW!

Changed default column ordering to: Symbol, Long, Short, Total Pos, Open Pnl, Closed Pnl, Total pnl.

Context menu NEW!

Close position context menu should only show when click in the Long/Short/Total Pos columns; otherwise use default menu.

Rename Total Position to Net Position NEW!

Positions view NEW!

Notes column fixed; correct price now loaded into OE after Bid/Ask click.

CloseAll no longer ignored when net position of all symbols = 0. NEW!

Prevent current selected row from changing when position is added or updated. NEW!

Column totals NEW!

Column totals added to all PnL columns.

Order Entry NEW!

Either right-click on your positions window and select "Show Order Entry" OR double-click on any of your positions to place an order.

Account Balance

See your current balances

Want to know what your realized or unrealized profit/loss is for the day? Or see how many shares you've traded or the total number of trades placed today.

FX Charts

3rd Party and General

Added FX symbology mapping.
Added XP theme support. Multiple windows now support both Export data to .csv and clipboard.
Whammy bar configurable with right click.

Symbol lookup

Futures contracts now display current and future contracts description.

MBTX Advanced Order Types

Market-on-Open

NASDAQ - A market order initiated at the NASDAQ market open (9:30 EST). Upon activation, MBTX uses its algorithm to find the best price in the marketplace, however, the price cannot be guaranteed.

NYSE - A market order initiated at the opening print of the NYSE or AMEX. The order is forwarded to the specialist and held until the open. Prices vary based on conditions that are not always reflected. The price at which your order is filled may be better or worse than you expected.

Stop Loss Market

Buy or sell a stock at market once the price reaches or passes through a specified price. Used by traders who either own a position (long or short) and want to close the position if it moves against them OR by traders that wish to open a new position once the stock rises to a specific level. The stop price on a sell stop must be below the current bid. The stop price on a buy stop must be above the current offer. Stop orders in volatile issues will not guarantee you an execution at or near the stop price. Once triggered, the order competes with other incoming market orders.

Stop Loss Limit

Works like a Stop Loss Market order with one major exception. Once the order is activated (by the stock trading at or through the stop price), it does not become a market order. Instead, it becomes a limit order with a specified price. The advantage of this order is that you set a specified price at which your order can be filled. The disadvantage is that your order may not be filled. In this case, your exposure to loss will continue until the position is closed.

Reserve

Only display a fraction of your actual trade size on Level II. Someone that trades larger sizes may find this very useful. It provides a terrific way to keep costs down because you are only charged one commission and you have the benefit and advantage of hiding your true order size.

Trailing Stop

Ride a stock's price trend, profit from its movement, and limit your downside risk without constantly monitoring prices. Trailing stops move your stop price with the price of the stock and are server-sided, protecting you in the event you lose internet connection.

Discretionary

Set a discretionary price range when placing an order. For example: Buy 100 CSCO at a limit price of 65 with a discretionary price of 65 1/2. Your order is displayed at your specified limit price, not your discretionary price. When a bid or offer appears at or within your discretionary price range, your order will be routed to the NASDAQ Market Participant(s) at their quoted price. Please note that stock can trade ahead of you because your discretionary price does not necessarily make you the best bid or offer. Only available for equity orders.

Discretionary Reserve

Same as Discretionary order but also provides the option to show only a fraction of the total trade size. Someone that trades larger sizes may find this very useful. It provides a terrific way to keep costs down because you are only charged one commission and you have the benefit and advantage of hiding your true order size. Only available for equity orders.

Threshold Triggered Order (TTO)

Specify two prices, an upper and lower price threshold. Once the inside market trades at either threshold, a market order is sent to the marketplace. TTOs were designed to help limit potential losses and lock-in potential profits.

Limit + Trailing Stop NEW!

Initially places a limit order on one side (either a buy or sell) and upon execution, places an opposite trailing stop on the other side (either a buy or sell). Upon execution of any part of the initial limit order, an equal trailing stop is placed with your pre-set offset. Clients using Market + Trailing stop should select Plan A per share commissions which result in an overall lower commission than Plan B.

Market + Trailing Stop NEW!

Initially places a market order (either a buy or sell) and upon execution, places an opposite trailing stop (either a buy or sell). Upon execution of any part of the initial market order, an equal trailing stop is placed with your pre-set offset. Clients using Market + Trailing stop should select Plan A per share commissions which result in an overall lower commission than Plan B.

Limit + TTO
Initially places a limit order (either a buy or sell) and upon execution, places an opposite TTO (either a buy or sell). Upon execution of any part of the initial limit order, an equal TTO is placed with your pre-set stop prices. Clients using Limit + TTO should select Plan A per share commissions which result in an overall lower commission than Plan B.
Market + TTO
Initially places a market order (either a buy or sell) and upon execution, places an opposite TTO (either a buy or sell). Upon execution of any part of the initial market order, an equal TTO is placed with your pre-set stop prices. Clients using Market + TTO should select Plan A per share commissions which result in an overall lower commission than Plan B.
Stop + TTO NEW!
Initially places a stop order (either a buy or sell) and upon execution, places an opposite TTO (either a buy or sell). Upon execution of any part of the initial stop order, an equal TTO is placed with your pre-set stop prices. Clients using Stop + TTO should select Plan A per share commissions which result in an overall lower commission than Plan B.
Reserve + TTO NEW!
Initially places a reserve order (either a buy or sell) and upon execution, places an opposite TTO (either a buy or sell). Upon execution of any part of the initial reserve order, an equal TTO is placed with your pre-set stop prices. Clients using Reserve + TTO should select Plan A per share commissions which result in an overall lower commission than Plan B.
Price vs. Speed NEW!
Adjust how aggressively your orders seek liquidity. A proprietary algorithm uses the entered limit price “price vs. speed” setting to scan the market for liquidity. A high “speed” setting typically results in faster fills, while a “price” biased setting typically results in greater price improvements. This effectively provides a brake and accelerator for MBTX.

Miscellaneous NEW!

Status bar NEW!

MBT Navigator status bar now available at the bottom of all partner programs.

Most recently used page layout displayed NEW!

The last four layouts opened are kept in File menu, allowing you to switch layouts quickly.