X_Study™ - Trader-Centric
Charting
Professional Charting Solutions for Professional Traders The evolution from open outcry to
screen based trading
has blurred the traditional lines between the ISVs who facilitate the orders and the data vendors who disseminate price information. Today's market arena allows us to capture trade data directly from the execution stream-as opposed to a data vendor's (3rd party) consolidated ticker stream. Charts and decision support tools demand executable quality prices to accurately analyze and generate trade decisions. X_Study gives you that.
High Performance Architecture
A new TT component known as the Financial Market Data Server (FMDS) captures time series data directly from the exchange feeds. Then the X_STUDY
charting
component blends the historical time series from FMDS with continuous real-time updates from the TT price stream -the same price stream used for trade execution. The end result is the best of both worlds:
-
Accurate
historical data
for prices and traded volume
- The price on the current bar on the X_STUDY chart is exactly the same price as on the TT_Trader/X_Trader order entry screen
Unique Data Sets
Unique from the start, FMDS captures more than the traditional elements of price, size and time. Along with each trade, FMDS stores information about the trade that is indispensable to
traders. Data such as the current bid and offer at the time of the trade, and whether the trade is a Buy or a Sell, i.e., whether it occurred on the bid or on the offer, provide opportunities to develop custom price and volume analytics that are impossible to create without this key information.
Innovative Volume Analysis
X_STUDY offers volume analysis tools not available elsewhere. Six different types of volume displays are available. Display only the Buys, or only the Sells. Display a total traded volume histogram, or overlay the Volume Delta (buying v. selling) on top, color-coded for quick visual interpretation. The Cumulative Volume Delta (CVD) indicator displays a running total of net buying v. selling, providing a view of the distribution and accumulation for short/ long term swings.
True Spread Charts
X_STUDY offers
spread
charts
based on real-world market conditions. Spreads can be displayed as Bid-to-Bid, Ask-to-Ask comparisons to simulate realistic spread trading. X_STUDY spread charts are full-featured charts and offer all the same analysis functionality as outright instruments.
Chart Based Execution
The tight integration of
charting
and executable prices establishes X_STUDY as the platform of choice for the next level of
charting
functionality:
chart based executions. X_STUDY can optionally display the patented MD Trader® market depth grid adjacent to the price axis on the
chart, with the grid price levels aligned to the chart bars.
Single click order entry
is part of the
chart
.
