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ProActive Futures’ ProActive Direct program gives you distinct advantages for trading in the electronic futures market. ProActive Direct equips you with:
- Comprehensive, live market data
- Position management
- Risk management
- Rapid-fire performance features for getting instantly in and out of the market
- Ability to configure trading windows to fit your trading style.
ProActive Direct connects a personal computer with the exchange server and risk server simultaneously, enabling trades while protecting the trading firm from loss.
With the ProActive Direct application, you can monitor the market for the current bids and asks and enter your orders. You can view detailed information for one or many contracts. The program shows the current bid and ask price and quantity, your trades your working orders, the session high and low, and the cumulative volume.
ProActive Direct provides “one-touch trading” where you can enter orders immediately.
ProActive Direct always shows your current position. You can quickly get flat to bring your position to zero. The status area displays messages to let you know if ProActive Direct sent or filled your order. You can set the system to enter market, limit, stop, stop limit, or limit-if-touched orders, assign restrictions and set stop and limit prices.
ProActive Direct provides a list of open orders where you can modify the price or quantity. You can also view a list of completed or canceled trades, and save the data as a file. The Open Orders window shows all open orders. You can select an order to modify and adjust its price and quantity in the Modify Orders window. From the Open Orders window you can:
- View open orders.
- Filter the orders displayed for a certain contract.
- Cancel open orders.
- Show or hide order details.
- Customize the columns and sorting of the window.
- Modify an order.
The Linear Depth window displays the market depth and related order entry information for a single contract. The name of the contract appears in the title bar. You can have multiple market depth windows open at one time. Each window displays the market depth for one contract. The Linear Depth window has five sections:
- Market Details
- Depth Display
- Order Entry
- Order Preferences
- Window Settings
The market details section consists of three tabs allowing the user to view the Mkt (market summary: session high, session low and cumulative volume), Trades (the user’s last three trades) and Last (the last 3 trades). You can adjust the columns displayed in the Depth Display section to include Limit quantity at a given price, Bid quantity, Price, Ask quantity, Stop order quantity at a given price and Volume at a given price. See the Configuring Columns and Quantity Buttons section for more detail. The Cancel All button cancels all orders for the contract.
From the Linear Depth window you can:
- Monitor current market activity
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Enter orders
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Get Flat
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Check PnL
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Cancel open orders
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Choose Order Type – Market, Limit, Stop or Stop/Limit
ProActive Direct comes equipped with the many configuration options. These configuration capabilities include:
- Configuring your button clicks for order entry.
- Selecting the Classic Depth or Linear Depth window for each contract
- Customizing the sound the application makes when the user receives a fill.
- Adjusting the color-coded settings for bid and ask prices and buy and sell orders.
Cancel All buttons appear in each window so you cancel orders quickly for a specific market. A separate Cancel All button can be always open providing quick exit from all of the markets. A single click cancels all your open orders.
Flatten and Reverse buttons appear on all linear depth windows allowing you to cancel open orders and liquidate positions or in the case of the Reverse button establish the position on the opposite side of the market.ProActive Direct provides support for bracket orders and trailing stops. With up to three profit targets and the option of using a simple stop order or a trailing stop you will have real flexibility in managing your exit strategy. The platform will allow users to set up simple brackets, trailing stops, multiple brackets and multiple brackets with trailing stop. The bracket orders will automatically adjust the quantities of bracket orders to match the current position.
New Features in ProActive Direct
