MBT Desktop
Software Overview
MB Trading has won multiple industry awards for its flagship trading platform, the MBT Desktop. Most recently, MB Trading earned a top score in Barron’s 2009 Trading Technology category of its on-line broker review. The MBT Desktop is a fully-customizable workstation that can be used to trade FOREX, Stocks, Futures, and Options, based on customer needs. Other notable features of the platform include:
- FOREX Trading: No Deal Desk. Spreads as low as 1/10 of a PIP with ground-breaking order types
- Smart Order Routing: MBTX one-button order routing for equities, futures, and options
- CME Full Sized Products (Includes E-mini) $40 (Free with 40 trades*)
- Advanced Orders: Server-sided trailing stops, TTOs, and more
- Streaming Level II: See the depth of the market, including ECN book quotes in all markets
- Real-time Updates: See your profit/loss and buying power updated in real-time
- Seamless Integration: Use the MBT Desktop with industry-leading market analytical programs
- Multiple Layouts: Customize and save multiple trading layouts for ease of use in different trading environments
User Manual
Click here to view the MBT Desktop User Manual
Features List
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 MBT Desktop 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. Learn more about Manged Account Tool.
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 MBT Desktop 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
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-).
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.).
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.
Miscellaneous NEW!
Status bar NEW!
MBT Desktop 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.
11.6.0.0 Release Notes - 6/10/10
Order Entry Window
- Improvement: Added the ability to set Conditional Orders to all order types for any asset type in the Oder Entry Window and the Options Strategist window. The order will not be submitted until the price of the conditional asset is hit.
- Improvement: Update TTO pre-fill offset when opening a new window.
- Improvement: Added sub-pip underlining to the Order Entry, MarketDepth, Watch list, and Position windows.
- Bug fixed: Confirmation box for Stop+Limit and Market+Stop plus orders do not mention the Auto-closing portion of the trade like other plus orders do.
- Bug fixed: Fixed issue when entering a Market+TTO or Short Market+TTO order where the lower and upper triggers did not dynamically adjust reflecting changes in the Bid or Ask. Also: The Bid or the Ask was not listed in the MAT closing trigger section, as it is in the FX Board.
- Bug fixed: Fixed issue where the confirmation box for Stop+Limit and Market+Stop plus orders did not mention the Auto-closing portion of the trade like other plus orders do.
- Bug fixed: Changed all the available Position + Orders Time in Force to be placed as GTC orders.
- Bug fixed: Fixed an issue in the Order Entry where Covered Calls were being rejected and Sell to Open Calls were being rejected.
- Bug fixed: Fixed an issue in the Order Entry screen where the "Price vs. Speed" and "Plus" Templates did not reflect the proper preference settings.
- Bug fixed: Fixed an issue in the Order Entry screen where upon executing a Stop Limit + TTO order and changing the TTO values in the initial enter auto closing parameters pop up window caused the application to crash.
Options Strategist Window
- Improvement: Added the ability to set Conditional Orders to all order types for any asset type in the Oder Entry Window and the Options Strategist window. The order will not be submitted until the price of the conditional asset is hit.
- Improvement: Changing Symbol in the Level 2/Market Depth window changes the grouped symbol in the Options Strategist and other grouped windows. Changing the Symbol in the Options Strategist window changes the symbol in the L2 and other grouped windows.
- Improvement: Added Basis price to option orders.
- Improvement: Updated price calculation on Butterfly Strategies.
- Improvement: Added Trailing Stop and TTO %ATR offset pre-fill options in Order Entry preferences.
- Bug Fixed: Updated Bear Call/Put Spreads to display proper description in the Positions window.
- Bug Fixed: Remove flashing when trying to edit Strike, Expiry or Ratio for stocks.
- Bug fixed: Changing strike in Selected Items doesn't stick, and pollutes Strike in Strategy grid.
- Bug fixed: Added strategy leg using Add+ option. It is ignored when trying to execute option strategy trade.
- Bug fixed: Disallow fractional ratios when submitting a Market order in the Option Strategist.
- Bug fixed: Fixed issue in the Options Strategist where if you selected a Short Iron Butterfly Spread and in the selected items right click and add a strategy leg, the Bid/Ask and Last columns were empty for this symbol. Then click submit to execute the trade and it successfully completed the trade but it did not include the added strategy leg. Also, was not able to change any values in this added fifth leg, i.e., change the Strike, Expiry etc. (as is possible for the other legs within the Short Iron Butterfly Spread).
- Bug fixed: Fixed issue where clicking in the Option Strategist's Level I display area highlights only the first nine characters which means it cannot highlight the entire new option symbol.
- Bug fixed: Fixed an issue in the Option Strategist where the Short Straddle shows the diagram for the Short Strangle.
MAT Window
- Improvement: Simplified MAT window close all positions confirmation .
- Improvement: Added the ability to link the MAT symbols to linked windows.
- Improvement: Edit cell background color and text.
- Improvement: Added new order login for Cancel & close feature to the MAT window.
- Bug fixed: Fixed an issue in the MAT Order Entry tab where clicking on the Cancel button would cancel all orders for the entered Symbol, regardless if the account is marked as Active or not.
Watch List Window
- Bug Fixed: Watch list and basket edit controls disappear when spin button clicked.
- Bug Fixed: Corrected ask/bid/last to have all unique values in the Watch List.
- Bug fixed: MAT Fixed amount offset in Preferences for TTO orders.
- Bug fixed: Fixed an issue in the Watch list where after several hours of use the Watch list would go visibly blank but the data was still there.
- Bug fixed: Fixed an issue in the Watch list where the quotes for symbols do not appear immediately after populating the symbol field. You had to click away with a mouse for them to appear.
- Bug fixed: Fixed an issue in the Watch list where you click on a symbol and then click on the bottom edge of the Watchlist window and the window resizes just to the title bar. Similar issue if one clicks on the side edge, the window gets distorted.
- Bug fixed: Fixed an issue in the Watch List where it did not always display new real-time quotes.
- Bug fixed: Fixed an issue in the Watch list where the underlined sub-pip does not display after adding a Forex symbol.
- Bug fixed: Fixed an issue in the Watch list where you were unable to enter in a negative quantity (short position) inside the Quantity column. It would only allow a positive number like "100" and will not accept a value such as "-100".
Positions Window
- Bug fixed: Fixed positions window to correctly display quantity rather than volume.
- Bug fixed: Fixed an issue in the Positions window rollover premium where the premium should only be calculated for the Forex symbols.
- Bug fixed: Fixed an issue in the Positions window where the Basis AvgPrice is incorrect if multiple trades the previous day have been made.
Order book Window
- Bug fixed: Fixed an issue where the "Cancel and Close Positions" erroneously appears in the Order book window.
Hot Keys
- Improvement: Added Hotkey option for Trailing Stop order type in the Hotkey Preferences
11.5.0.7 Release Notes - 3/30/10
General
- Renamed web links: Community = MBT World, Top Gainers/Loser = Most Actives, TV Player = MBT Vision. Removed Market Alerts.
- Positions, Watchlist, and Order Book: added subpip underlining.
Option Strategist
- Updated to disallow two or more legs from having the same type, strike and expiry. This holds true for the right-click context menu "Shift all Up / Down" as well as the double-click manual changing any of these.
Alerts
- Displays critical alerts when tradeserver connection is unavailable upon initial login.
Order Entry
- Time triggered orders for Options.
- Plus template - Fixed bug in which 'Auto offset" checkbox overlapped trailing offset price/labels when +Trail ordertype.
Position window
- Right click plus closing order feature - set all TIF to GTC.
- Fixed bug where footers do not display when switching from Forex to Equity acct.
- Fixed inconsistent filtering of empty positions between 'Open & closed' vs 'Open only' mode.
- Added 'Display empty position when open orders' preference which controls the display of 0 sized positions when there are open orders against such positions. This preference applies to both 'Open only' and 'Open & closed' view mode. When unset, zero-sized positions will be filtered unless stemming from actual closed positions.
- Fixed crash after clicking Option Strategy disabled menu item.
- +Plus Order can now trade options symbol > 8 chars.
- Fixed bug where Mkt Value total did not clear after changing accounts.
MAT
- Fixed crash when left clicking empty area of MAT open orders grid.
11.5.0.6 Release Notes - 3/5/10
- Addition of time trigger functionality for options
- New Position columns: P&L per (Basis Open), P&L% (Basis Open), PIP Spread, Underlier Price (Undrl Price), Total Net P&L, Premium calculation
- Always displaying subPips in market depth
- Updated help URL
- MAT updated so cancel applies only to checked/active accounts.
11.5.0.5 Release Candidate Notes - 2/17/10
- Addition of new features – all accessible under tools
- News
- Top Gainers/losers
- TV
- Community
- Positions window – new close option - Order Cancel and Close
11.5.0.4 Release Candidate Notes - 2/9/10
- Added general OSI option symbology support
- Option chains
- Added OSI symbology support.
- Added drag/drop ability from any column (other than strike) so that Symbol column may optionally be hidden and still allow drag/drop.
-
OE:
- Removed symbol from Buy / Sell / Cancel action buttons
- Added small gradient bar with loaded symbol / description.
- eSignal: Added preliminary mapping to/from new eSignal options symbology AFTER OSI full conversion. For now mapping is completely turned off and so eSignal symbols resolve to blank so as to avoid bad symbols. To allow options orders in the interim, the Nav Options Chain is now available from within eSignal.
- Add advanced closing order types to Positions View
- Trailing stop hotkey correctly resolves to pips for FX and decimal for others
- Missing Mkt value column added
- Cancel and Close bug from positions window resolved
- Fixed painting of OE border
- Vista confirmation border / admin & "do not show again" checkbox background painting resolved
Version 11.5.0.3 Release Candidate Notes
New Features
- Enable visual styles (themes) for Windows 7 x64.
Positions
- Add new columns:
Premium Calc. ( for FX premiums)
Commission (for equity option futures commissions)
Basis P&L columns ( for equity options futures) - Renamed Basis cols and added Basis Open P&L.
- Positions view column name changes:
Security
Equity
Forex
Equity
Forex
Equity
Forex
Equity
Forex
Equity/Forex
From
MTM Basis
Cost Basis
Open P&L MTM
Open P&L
Closed P&L MTM
Closed P&L
Total P&L MTM
Total P&L
Add'l Basis
To
Today AvgPrice
Today Cost Basis
Today Open P&L
Open P&L
Today Close P&L
Today Close P&L
Today Total P&L
Today Total P&L
Basis AvgPrice
Order entry
- Added Basic OE template with ability to hide/unhide complex ordertypes
- Added user-preferenced buy-sell-short color coding of background of order confirms
- Added code to color Basket & MAT OE pane border.
- Change color of OE popups to orange for demo account.
- Implement Account Alias in preferences, OE border, titlebar captions.
- Replaced toggle buttons' caption underline with split buttons. In addition to right click context menu access of such buttons, user may now display context by clicking arrow button.
- Enable GTC for pink sheets (market=OTC)
- Include Acct Alias in captions and confirm boxes
- Add hot key for Trailing Stop order.
SDK
- MbtAccount: added AliasName and AliasColor properties.
- MbtPositionsCtrl, MbtOrderBook, MbtOpenOrdersCtrl:
Added OnInitMenu, OnMenuCommand events to allow container to add and receive click notifications of its own context menu items. Depending on control, the relevant selected symbol, position, open order, etc is passed, along with a BSTR*, which container, if interested in adding items, can pass back a pipe-delimited string. On selection, OnMenuCommand event will pass the same info along with the captionof the menu item selected. - MbtBasket, MbtPositionsCtrl, MbtOrderBook, MbtOpenOrdersCtrl, MbtWatch:
Added OnSymbolItemChanged event which is similar to OnManualSymbolFocus change, but will fire for every change of row focus, not just when symbol is changed. The second parameter indicates whether the change occurred as a result of a mouse click.
Other Updates
- Group all default Nav layouts by account, by default.
- Fixed Nav crash (in Vista) when clicking on empty space at right of Positions grid.
- Fixed Nav crash (in Vista) when clicking on Basket grid.
MAT
- Fixed - Mat Submit button sometimes does not place the order.
- Fixed - Mat footer cell text appears under Basis col in Close mode.
- Fixed MAT should cancel orders of active accounts only.
- Fixed Double clicking on a position in the MAT "Positions by Symbol" tab brings up an empty warning window.
- Fixed MAT Buy Market+TTO : Lower and upper triggers calculation based from the Ask, not the Bid.
- Fixed MAT bug dlg box warning limt value > 20 % showing twice.
Basket
- Fixed Basket balloon msg position when grid is scrolled.
- Fixed Basket edit box does not dissappear when grid is scrolled.
- Fixed Basket balloon msg location bugs.
Position
- Fixed Positions window MouseWheel scroll bug - footer scrolls together with the g
Version 11.4.0.2 Release Notes
General
- Added display of "MBT Desktop shutting down..." status dialog.
- Added "Clear Cache" checkbox to login dialog to delete any locally cached account data (for use as suggested by tech support).
- Added version number to splash screen.
- Fixed potential deadlock which might cause application to hang in task manager indefinitely during shutdown.
Order Entry
- Disabled default windows behavior of space bar causing a click on the following action (not toggle) buttons: Buy(Cover), Sell(Short), Cancel, Submit.
- Replaces: fixed bug where apostrophe-format fractional bonds and metals were incorrectly formatted as decimal during a Replace operation.
- Changed pinned/unpinned tool button shortcut captions to better describe its current state.
Options Strategist
- Change "Short to Open" to "Sell to Open"
- Eliminated flashing of both grids during resize.
- Disable Submit button until all legs have a substantially valid quote (expiration/pricing).
- Remove Bid/Ask vs. Last radio buttons. Initial price calculation is now always based upon Bid/Ask.
- Added error checking to Route, Type and TIF in addition to Price and Quantity to ensure only items from their lists can be selected.
- Fixed bug in which a strategy description remained even after strategy had been deleted. - No longer limits strategies loaded to only seven Expiries.
- Switching from Limit to Market Type in the no longer clears all items.
- Improved searching and loading of “default.stg” strategy definition file, particularly after reinstalls to different locations.
- Added the following two items to the right-click context menu to facilitate shifting all expiries up/down (we already have shifting for Strikes):
- "Shift all expiries 1 step up"
- "Shift all expiries 1 step down"
- Change the determination of LEAPS (months out).
- Additional: Long term 4 and LEAPS 3y.
- Fixed bug where Shift strikes up / down would shift past limits.
- Fixed various miscellaneous bugs, improving stability and improving operability.
- Removed "Beta" caption from menus / titlebars referencing this window.
Open Orders
- Fix a post-rollover issue in which a previous session’s orders would fail to clear.
Managed Account Trading
- Respect preferences for default ordertype.
- Disabled default windows behavior of space bar causing a click on Submit/Cancel buttons.
- Added ability to replace an entire group of MAT orders.
- Implement apostrophe-format fractional pricing for bonds and metals.
- Use quote bid/ask for default initial order price.
Basket
- Fix missing quantity when Sell.
- Disabled default windows behavior of space bar causing a click on Submit/Cancel buttons.
Chart
- Reflect color preference changes for candlesticks (were remaining the same).
Positions
- Add optional grouping mode for option strategies.
Watchlist
- Implement apostrophe-format fractional pricing for bonds and metals.
Version 11.3.0.4 Release Notes
Options Strategist
- New order entry window allowing the use of advanced options strategies.
- Simple and intuitive interface suitable for varying experience levels.
- Allows users to easily customize any of our 32 multileg options orders.
- See online manual for additional features
General
- Remember most recently used account list between sessions.
- Change "Sell Short" in most captions app-wide to "Sell-Write" when an option symbol (and a short).
- Support for 5PM ET maintenance for FOREX.
Order Entry
- Prevent order placed sound when an order is replaced.
- Fix bug when changing from TTO to standard templates where FX TIF changes to Day+Limit.
- Remove Options Plus OE template -- straddles are now entered using Options Strategist.
- Fix bug where default Order Entry template for options was TTO template instead of standard.
Orderbook:
- Show business reject reason, ie "Unable to process last request: Trader permissioned View Only".
Preferences
- FX lot selector now a combo box restricting size to 1000/10000/100000.
MAT
- For non-FX, add "Dist @ %" column.
- Added trailing stop ordertype.
Basket
- Allow closing orders.
Positions
- Added “Mgn. Req.” column to display margin requirements for each open position.
- Alloc dialog: added sorting of account list by acct#.
Chart
- Improved performance: marked decrease in memory use, cleaned up various leaks, optimized most indicators' processing.
- Trend lines no longer jump up/down in autoscale mode with indicators present and chart is scrolled away from its home position.
- Users can now move line past top of chart window.
- No longer crashes at Nav exit if there are two charts with second chart brought up from Nav Bar.
- Non candle stick style charts will now respond to drag scrolling.
- For one minute interval, non candle stick style charts no longer revert to candle sticks when previous data fetched.
- Trendlines: removed carry over of trendline from symbol to symbol in Chart, fixed change in slope when dragged to right edge, autoscale jumping.
- Account number now saved with layout.
- Company name added to titlebar.
- Added current bar updates to weekly/monthly interval.
- Request more bars on initial load.
- System will now retry data request when the first data request results in less records than requested
- Sync up properties dialog and chart trendline color.
- Indicator dialog: Warning displayed when indicator color matches background color; display current series color and accept changes; no longer lingers at times.
- Volume will now be passed to indicators that require it.
- Server name will now be displayed when x scale is in record num mode.
- Secondary line color now uses chart's line color
- Indicator will no longer shift during a title update.
- Dragging an indicator to the main panel no longer removes properties from preferences.
- Newly added indicators are now shown immediately, rather than waiting for a new tick
- Fixed: bug where account, if changed from chart (and not OE) context menu, didn't actually change the OE's acct#
Version 11.2.0.2 Release Notes
General
- Added price display and input for CBOT bonds (ie 123'125).
- Added MBT Research to Tools (web) menu. See also Watchlist.
- Combined Date/Time columns into single Time column in most grids
Balances
- Added new overnight futures requirements fields
- Fixed bug which incorrectly formatted 'Lots Today' as full qty.
- Fixed bug in which overnight excess was not being shown in the absence of positions or current day account activity.
- Use futures overnight margin instead of intraday when valuing futures positions.
- "Percent Equity" displayed in downtick color (usually red) when < 20% (non-FX accts only.)
- Renamed "Fut. Overnight Req." to "Overnight Req.", calculated as overnight excess+unrealized PnL.
Positions/Watchlist
- Added Mkt. Value column.
- Added symbol-specific MBT Research report to context menu.
- Fixed incorrect Description for non-USD pairs.
- Fixed failure to allocate due to bad BP. BP columns replaced with EE.
- Fixed bug in allocator causing zero BP & added EE columns.
Prefs
- Enabled choice of stop method for Options orders [(default)first touch vs trade through].
- Save 'Warn if price [100%] away' setting.
- Fixed inability to save spread meter parameters.
Chart
- Due to popular demand, we are now including the Beta version of our MBT Desktop charting package.
- Real-time charts in multiple timeframes in all asset classes (stocks, futures, forex, options).
- 25 built-in indicators available.
- Chart types include: Bar, Candlestick, Point and Figure, Renko, Kagi, Three Line Break, and Equivolume.
- 62 Standard Indicators to choose from.
Basket
- Added drag and drop of Symbol into basket.
Market Depth
- Fixed bug with 'closed' MPID's causing all open order prices in between the open and closed MPID's to be highlighted when dragging (painting issue only; did not affect the actual operation).
- High/Low/Last labels renamed to BidHi/BidLo/BidLast for FX clarity.
- Improved ticker scrolling/painting performance.
MAT
- Fix zero EE display when no positions.
- Fixed descending time sorting bug within Open Orders view.
Version 11.1.0.2 Release Notes
OE
- Change tooltip for "Intraday shortable" to "Intraday Shortable-Fee may apply"
- Validate ordertype when changing routes.
- Added TTO template for options symbols.
- Widened order details area on TTO template to properly show details for TTO trailing stop orders.
- Make TTO a quasi-ordertype on standard template context menus/combo boxes. Selecting TTO will then change the template.
General
- Fix crash when closing Layout Manager.
- More support for eSignal's latest v10.x client.
- Removed all references to DayNB TIF.
Balances
- Fix bug where FX "Shares Today" was formatted in scientific notation.
- Fix bug where some non-USD pairs (ie CHF/JPY) were incorrectly valued as 0.00 market price.
- Add Fut. OniteReq. and Avg. Price2 (for equities original basis) fields.
Orderbook and other grids
- Fix crash after closing file dialog within Export to CSV context menu command.
Orderbook/Open Orders
- Immediately update mainline with new order details during a replace of a suspended order.
- Fix bug where partially executed but dead orders were not listed with Live & Executed filter applied.
- Fix bug where suspended but most recently replaced orders were not listed with Summary->Live/Entered filter applied.
MAT
- Added plus ordertypes.
- Fixed dropping of items in Open Orders grid.
- Fixed doubling of Position Values when Groups are changed.
- Fixed dropping of second decimal position of account's %MOD when saving to and from prefs.
- Added cols Order Type, Price, Stop Price to Open Orders tab in MAT.
Orders
- Added COMEX and EUREX prefs.
Market Depth
- Added bid/ask/trade filtering to ticker.
FX Board
- Position" font now works (instead of setting Positions grid font!)
- Fix crash when entering symbols and window is not large enough for the new symbol.
- Enable mousewheel scrolling.
- Allow multiple instances of window.
- Added an extra level of granularity to spread meter, giving us narrow, medium, wide, other. # Pip value granularity for meter settings changed from even pips to 1/10th pip.
Messages
- Added user 'logged in elsewhere' to Messages view to better support 3rd party applications
- Fixed bug where message duplicated when window first opened.
- Widened "Show Messages" radio button to fit entire caption.
Watchlist
- Fixed bug where Pip Value/Lot would be blank after first entering symbol.
Hotkeys
- Fix bug which often showed Day as only TIF for newly added hotkeys (until route reset). Also added popup warning that Day TIF hotkeys will be autoconverted to GTC when placing an FX order with that hotkey.
Version 11.0.0.1 Release Notes
Managed Account Trading (MAT)
- Added MAT (Managed Account Trading) window.
FX Board
- FX Board now shows red bar when bid/ask unavailable.
- Added scrollbars on larger views.
Alerts Window
- Alerts window is renamed to Messages.
- Added server name to quote connect/disconnect messages in alerts view.
Order Preferences and Entry
- Added TIF selector to TTO, Options and Plus templates.
- Added new combination orders.
- Added optional trailing stop trigger to TTO template.
- Added Reserve, Discretionary, Pegged ordertypes for FX.
- Added IOC support for FX.
- Intraday shorts now show "dashed" box in short/margin control. Tooltip shows negative borrow rate.
- "Reason" added to cancel messages.
- Added MOC/LOC/Reserve for Canadian.
- Open Orders: Shift and Ctrl click can now be used to select multiple open orders, enabling new "Cancel > Cxl all selected" menu item.
- Open Order - Order routing defaults: "Nasdaq Nat'l Market" and "Nasdaq Small Cap" combined into a single "Nasdaq" entry to encompass all 3 new Nasdaq market tiers.
- Cxl Replace dialog now shows most current order details.
- Optimized accounting, position and order message code for faster execution.
- Added ability to set forex lot size (1000-10000 in even 1000's).
Basket
- Alloc amount now uses EE instead of current BP on saved basket read.
- Fix account showing BP instead of EE.
- Fix bug where current EE box hidden on startup.
- In weight mode, spinner now responds to mouse wheel.
- Add basic scriptable automation interface supporting basket creation.
Orderbook
- Replaces of Suspended GTC orders.
Positions/Watchlist
- Watchlist/Positions: Added "Yahoo Finance Snapshot" (equities only).
- Watchlist/Positions: Pip value/lot column now calculated using bid only.
- Watchlist/Positions: Added Spread column.
- Watchlist: S/M column now shows "I" for intraday short, "$" for negative borrow.
- Positions: Default column ordering changed to: Symbol, Long, Short, Total Pos, Open Pnl, Closed Pnl, Total Pnl.
- Positions: Total Position is renamed to Net Position.
- Positions: CloseAll is no longer ignored when net position of all symbols is zero.
- Positions: Column totals added to all Pnl columns.
- Import of symbols into watchlist now supports multiple formats.
Options
- Option chain - flicker fixed.
Market Depth
- Columns can be resized and saved with layout.
- 'Show Market Participant Status' has been removed from Preferences.
- Max quantity loads when 'BP' is clicked.
- Quantity loads when 'Pos.' is clicked.
General
- Added XP theme support.
- Multiple windows now support both export data to .csv and clipboard.
- Symbol lookup: Futures contracts now display current and future contracts description.
- Whammy bar configurable with right click.
3rd Party
- eSignal integration: Added FX symbology mapping.
- FX Charts Added.
Version 10.13.0.10 Release Notes
General
- Added 'At Your Service' menu items in both standalone and all integrated apps.
DTNiQ
- Fixed incorrect transparency within toolbar buttons.
MasterTrader
- Installer packaged with eSignal's brand new 8.0 client.
Forex
- Fix bug with partial lots truncating (ie. 19k showing as 1.0, not 1.9 lots) in positions and FX Board.
Orderbook & Open Orders
- Use 'Enter' color for pending events such as cancel place, replace place, order place.
Positions/Watchlist
- Watchlist and Positions OE symbol changes with active row.
- Changed 'PnL/per (Pair)' column so that it now shows decimal PnL on the pair regardless of symbol-based. For example, for a long this column now contains basis-bid regardless of symbol and base currency.
- Added 'PnL/Pips (Open)' column. This is essentially PnL/per (Pair) converted from a decimal value to # of pips.
- Fixed 'PnL%(Open) for FX (had been displaying zero). PnL% is figured on a cash-on-cash basis for FX positions.
Version 10.13.0.9 Release Notes
General
- After losing connection, the Trade Server connection will attempt to reconnect indefinitely (one minute apart after a random delay for first attempt).
Forex
- No longer rounds lots when displaying position.
Positions/Watchlist
- Fix bug where "Show Order Entry" menu item selection was ignored.
Preferences
- Sounds: Replaced "Order Placed" event with separate events for Buy, Sell, and Sell Short
- Order Entry: Added "Stop Method" radio selector on FX tab. Default is "First Touch", which is the existing setting. Bid triggering for Sell stops, Offer triggering for Buys. When "Trade Through" has been selected, this behavior is reversed.
Version 10.13.0.8 Release Notes
General
- Fix issue where pink sheets (and anything without a current bid/ask) would hang for up to 10 seconds before placing order.
- During re-install, preserve long filename of install directory.
- Added new FX and equities/futures Order Entry templates.
- During initial install (only) prompt user to choose a default starting layout, or none). Layout loaded will be that which is a closest match to user's screen resolution.
- Display proper icon during Alt+Tab (instead of default "flying windows").
- Status bar settings dialog no longer opens off screen when MBT Desktop is condensed. ESC on status bar settings dialog no longer causes dialog to go off the screen.
Order Entry
- Enable Nasdaq LOC (limit on close) / Market on Close (MOC).
- Fix bad opening order description in Stop+TTO "plus" dialog (was showing current price instead of stop price).
- Logically re-group order types in context menu/combo boxes (i.e. all plus-types are not grouped together).
- Preclude GTC as an available TIF for: MOO/MOC/LOO/LOC/VWAP order types and pink sheets.
- Fixed bug where Pegged/Pegged Reserve orders incorrectly entered as Trailing Stop and rejected with "No Trail Price specified"
- Added new order type Stop Limit+Trail.
- Fixed bug in Preferences window where, when changing default TIF for NYSE to GTC, Day NB disclaimer was displayed.
- Allow only GTC for FX market in Preferences.
- Preferences window now opens to Equities tab for non FX customers.
- Added missing order types to prefs defaults.
Watchlist
- Add summary footer row.
- Add Pip Value/Lot column.
- Calculate Add PnL% for FX.
Quote-Tracker Updates
- Now recognizes Stop Lmt + TTO.
- Correctly parses options tags, fixing the placement of options orders.
Forex
- Spread meter functionality changed in conjunction with new preferences. Spread meter now has only two spread value levels. Colors now named Narrow/Wide/All Other. Changes to values are now actually applied.
- Double-click now only invokes symbol editor when over symbol area, otherwise loads bid/ask in Order Entry.
- Widen cell so six-digit quotes (USD/MXN) do not cut off leading integral digit.
- Fix negated open PnL for open short Forex positions.
- Fix failure to recalculate trailing offset when changing to new Stop Limit+Trail for a Forex symbol.
- Trailing offset edit control no longer trims off trailing zeros. It instead zero-fills to the number of pip decimal places.
Balances
- Fix incorrect short market value sometimes left over after closing a position.
Positions
- Net 0 position lines no longer show simply because there is an open order for a symbol.
- Add Pip Value/Lot column.
- Calculate Add PnL% for FX.
Open Orders
- After a replace or cancel reject, event column now displays "Replace Rejected" or "Cancel Rejected" instead of remaining stuck at "Replace" or "Cancel", respectively.
- TTOs now show properly (instead of as Stop Limit).
- Fixed bug with GTC plus orders showing in open orders as non-plus, and also wrongly allowing cxlreplaces on such orders (which then lost their plus portion).
Orderbook
- For GTC, "Session Closed" event renamed to "Suspended" and message column displays more useful 'reason' when available.
- Fix bad description for Stop Lmt + TTO (ended in "on Stop Lmt+TTO" instead of "on MBTX").
Software Download
Click on the download link below and choose "Save this program to disk" from the dialog box that pops up. Select a location on your computer to download the file. Once the download is complete, double-click the file to install the program.
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Current Release
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Release Candidate
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Minimum System Requirements:
- Windows XP, Vista, 7 OS
- 1GHz Processor or faster
- 1GB of RAM or more
- Broadband or faster
- 50 MB Free Disk Space
- 128MB Video Card or better
- Resolution 800 x 600
- Mozilla Firefox 3.0+ or Microsoft IE 7.0+
- Windows XP, Vista, 7 OS
- 2GHz Processor or faster
- 2GB of RAM or more
- Broadband or faster
- 50 MB Free Disk Space
- 512MB Video Card or better
- Resolution 1024 x 768
- Mozilla Firefox 3.0+ or Microsoft IE 7.0+