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time in converting your idea into a mouse click that permits your trading system to format, enter, and execute your order. |
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Your trading system should also help you make a decision. An advanced trading system will have a market-monitoring function that will track any key indicators you deem pertinent, such as price, volatility, order size, and the like, and notify you instantly when a match is found. You can then make a trade, if you wish, by a few clicks of your mouse. |
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Chart 2-1 is a MARKET MAKER window. (Chart 1-1 contained two MARKET MAKER windows as part of the DAET computer screen.) The information in the MARKET MAKER window is broken into three boxes. The Nasdaq Level I information is the horizontal window at the top which displays basic information concerning High, Low, and Volume as well as the inside market of the highest bid and the lowest ask. The Level I box also shows the current price change from the previous |
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CHART 2-1.
The market maker window. |
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