Trade Sheet Configuration

Cell Configuration

The data that is displayed in the TradeSheet is configured via the Cell Configuration tab in the Trade Sheet Configuration.

Configuring Cells

The number of rows and columns can be set by using the spinners at the top of the menu.  Each specific cell can be formatted using the Property menu.  There are two default starting configurations. Strike Center Style and Strike Left Style.  These defaults offer a simple centered or left oriented position of the Strike column.

Warning

Choosing either of these defaults will reset all column and row changes that have been made.

Users can choose to merge cells horizontally or vertically by choosing the same variable in each cell.  This allows one cell to become more pronounced than others.  Two viewing templates can be created, Standard and Alternate, which can be toggled back and forth.

Formatting Cells

Clicking on any cell from the Cell Configuration menu brings up the property menu which allows the user to select the variable, number of decimals and display characteristics (Font, Text Color, Background Color). By selecting the Alternate option, the user can configure the cell properties when switching Trade Sheets to the Alternate view.

Trade Sheet Configuration

Display Settings

Users can collapse, or remove from the Trade Sheet grid, cells that are empty. This occurs when different expiry months in view have different strike increments. By default, a "spacer" cell will be shown without data in order to maintain strike alignment in rows.

Model Settings Update

Selecting 'Auto-Accept' enables the Trade Sheet to accept all modeling changes without having to manually interact with the 'Accept' button on the Trade Sheet. This can be used when several traders want to remain synch'd at all times or if an API is constantly changing parameters.

Spread Box

The Spread Box parameters will define behavior when using the Spread Builder.

Leg Increment

When incrementing quantity, the increments will be in .5 instead of 1.0.

Enable Quantity Slider

When clicking an instrument to add to the Spread Builder, sliding the mouse up or down while clicking and holding will increment the quantity to be added to the spread.

Theta and Vega Display

Here users have the ability to choose between Per-Tick, Per-Point, and Raw (notional) display of Theta and Vega cells. These different display types transform the raw (non-notional) theta and vega (as computed by the Theoretical Center) by applying simple math to get the correct display value:

  • Raw = (raw Theoretical Center greek) / (# trading days)
  • Per-point = (raw Theoretical Center greek) (Tick Value) (Tick Size) / (# trading days)
  • Per-tick = (raw Theoretical Center greek) * (Tick Value) / (# trading days)

Trade Sheets Bumped Greeks

Displays Theta, Vega and derivatives (OEV) in terms of "Bumped Greeks" matching values displayed in Risk and Position Manager when same setting is applied.

Column Header

Determines the action taken when a column header is clicked while building a spread.

  • Do Nothing will take no action.
  • Create a Calendar Spread: After adding an option or option spread to the Spread Builder, clicking on the header of another month will add the reverse strike(s) into the Spread Builder
  • Create a Strip: After adding an option or option spread to the Spread Builder, clicking on the header of another month will add the same option/spread in each available month between the original month and the end month to the Spread Builder.

ThirdParty Chat

The ThirdParty Chat configuration allows the user to select which configured chat system that the Trade Sheet will interact with. Only one Trade Sheet can be configured to connect to one chat system. If the Trade Sheet is cloned or if another Trade Sheet is subsequently configured for the same chat, the original will lose its configuration.

Warning

The Third Party Chat system connects directly to a specific Trade Sheet. All prices conveyed to the chat will come from the configured Trade Sheet, not the server.

Share List Configuration

Determines whether or not the Share List Side Panel will be viewable in the Trade Sheet.

User Interface Configuration

  • Center ATM When Switching; By default, when switching between two products the Trade Sheet will be centered at the at the money strike of that product. By deselecting this option, when switching between two products, the Trade Sheet will attempt to center at the previously selected strike level.
  • Automatically Select Month; When checked, the month that is selected via the Quick Navigation buttons will also be selected as the current underlying of that Trade Sheet.

Underlying Bar

The Underlying Bar setting determines the price interval the bar will display and the number of decimals that will be shown in the Underlying Bar. The number of intervals is determined automatically by the width of the Trade Sheet. The Spinner Tick Increment determines how much the underlying will move up or down with the spinner is clicked.

Underlying Source

The Underlying Bar setting determines the price interval the bar will display and the number of decimals that will be shown in the Underlying Bar. The number of intervals is determined automatically by the width of the Trade Sheet. The Spinner Tick Increment determines how much the underlying will move up or down with the spinner is clicked.

Market Source

Determines whether the underlying used is from the live market or the implied market chosen in the Underlying Configuration Panel.

Smart Complete

Smart Complete allows users to select strikes in the Trade Sheet and choose from the available pre-configured strategy types. Users can configure the available strategies and the order in which they are viewed.

Product Strike Range

Users can configure a viewable strike range for all months in a product as well as the viewable strike increment.

Setting a Range

Check Range and then move the sliders to the desired high and low strikes

Setting an Increment

Check Only Increment Of and move the slider to the desired interval

When selecting an increment, check that the low strike of any month is not irregular.  In some cases, exchanges may list irregular strikes which will cause many strikes to be omitted from view.