3. Position Management

The position management window provides a summary view of all current positions and Position Orders. The information in this window is updated in real time, changing tick by tick as the market moves.

	3. Position Management

Currency: The column lists all available currency pairs, even if you don't have an open position in that pair.

Net: Lists the net total of all your positions in that currency pair. It represents the amount of the currency in which lots are traded. For example, if you were long 300,000 AUD at one rate and sold 500,000 AUD at a differentm rate, your Net total would be -200,000 AUD.

Average Rate: The average rate of your open positions. Represents the rate at which you would have to close your position to end up flat.

Reval Rate: The current rate at which you could close out your position. If you are long, the system uses the bid rate (and vice versa) to determine your unrealized gain/loss and P&L.

P/L ($): The profit or loss in USD that you would realize if you closed your position now, at the rate currently available.

Limit: If you have a limit order placed, the rate at which your order will be filled is indicated in this column.

Stop: If you have a stop loss order placed, the rate at which your order will be filled is indicated in this column.

PO: The PO button allows customers to enter, modify, or cancel Position Orders. Position Orders are orders that are "linked" to a position.

SQR Button: Gives clients the ability to exit a position with greater ease. Pressing the SQR button automatically executes an offsetting trade to close out the entire open position in a specific currency pair. If the trade is successful, the Net column will show 0, and the deal will appear in the Deal Blotter. To confirm all trade details, check the Activity Log. Squaring or closing out a position will automatically cancel a corresponding Position Order.

P&S: Point and Shoot, this tool enables you to drill down into a position, view the individual trades that comprise that position, and close any individual trade that is part of your overall position in any currency pair.

**IMPORTANT -- Squaring or closing a position will automatically cancel a corresponding Position Order. All other orders remain open until they are triggered or manually cancelled.

The position management window is user configurable. To rearrange the column order, click and drag the header right or left until it shifts. To adjust the column width, hold the cursor over the cell dividing line to get a double arrow. Click and drag right or left to adjust width. Click on a column heading to sort the rows by that category.

	Saletlx User Guide
	POS. NAME DESCRIPTION 1 DEALING BOXES One per currency pair; view real time bid/ask rates; click on the BUY or SELL to instantaneously execute a trade. 2 RATE COMPARISON Quick snapshot of current bid/ask, today's high/low, etc. - by currency pair. 3 POSITION MANAGEMENT Summary view of all open positions. Place, monitor, and cancel orders. 4 CHARTING Access the charting tool by clicking "Charting" tab. 5 ECONOMIC CALENDAR Weekly listing of upcoming economic reports, including date & time, country, forecast, previous and actual. 6 SYSTEM LOGIN / LOGOFF Access user configurable settings and logoff. 7 MARGIN ANALYSIS Information about margin, P&L and account balances. 8 NEWS 24-hour streaming news service from Thompson IFR provides actionable market news and analysis. 9 COMMENTARY Expert market analysis provided by our senior traders. 10 REPORTS Access to several ad hoc reports for data export or printing. 11 TOOLS FX trading tools. 12 ACTIVITY LOG Lists each action completed or attempted in your account. 13 DEAL BLOTTER Provides pertinent details on all open trades, as well as trades that have been closed out during the current trading day.  EXECUTING A TRADE Auto Limit/Stop Orders Squaring Your Position Point and Shoot Position Orders LEAVING AN ORDER Sophisticated order entry ORDER MANAGEMENT Edit / Cancel an order MINIMIZE BUTTON State of the Art Technology SYSTEM REQUIREMENTS Secure and robust Java-enabled dealing software