15. Leaving an Order

The dealing system includes sophisticated order entry and tracking which is located under the Position Management screen.

To place an order, complete the appropriate sections:

	Leaving an Order

1. Select a Currency Pair: choose a currency pair from the drop down list.



2. Choose an Order Type:
• Single: single Stop Loss or Limit order, with your choice of end of day or good’ til cancelled (GTC) expiry.
• One Cancels the Other (OCO): Two-legged order whereby the second leg is cancelled if the first leg is executed.
• If Then: Two-legged order whereby the second single order is placed only upon execution of the first single order.
• If Then / OCO: Two legged order whereby the OCO order is placed only upon execution of the first single order.


3. Choose the Expiry: Choose one of the following:
• End of day (EOD): Order will expire at 17:00 ET at the end of the trading day you placed it.
• Good Til' Canceled (GTC): Order will remain active until you highlight it and click the cancel button.


4. Select 'Buy' or 'Sell' from the drop down list.



5. Select the number of lots from the drop down list.



6. Choose the Order Basis: either 'Limit' or 'Stop Loss'.



7. Enter the Order Rate: The rate at which the order will be executed. You may enter in ANY rate other than the current spot rate. Fill this in manually. Note: If you have specified a default number of pips away for stop loss orders, this field will automatically populate with your default. This user-configurable default can be set or edited in the Logon window.



8. Confirm the order: When all the fields are completed and you have checked your order, click "Confirm" and your order will appear in the Order Management screen. To Abort the order: Choose "Abort" to cancel the pending order and return to the order management window. **If you click "Abort" before clicking "Confirm", you will return to the order management window and no order will be placed.

**IMPORTANT -- Orders remain open until they are triggered or cancelled. If you close out a position manually, you must cancel any order(s) relating to that position.

'One Cancels Other' (OCO) orders:

	Leaving an Order

The lower half of the form will be highlighted. Enter both sides of the OCO order as directed. Remember, if one side of your OCO is filled, the other is automatically canceled.

'If Then' order:

	Leaving an Order

The lower half of the form will expand for the second leg of the If Then order. Place either your single Then order in this section. Remember, canceling any part of an If Then order will result in the entire order being canceled.

'If Then / OCO' order:

	Leaving an Order

The lower half of the form will expand for the OCO leg of the If Then order. Place either your OCO order in this section. Remember, canceling any part of an If Then order will result in the entire order being canceled.

	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