Modifying Specialist Trade Entry Defaults |
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Modifying Specialist Trade Entry Defaults |
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Default values are initially assigned to Specialist Trade Entry dialog box fields by REDIPlus; a generic set of default values exists for all Symbols. You can modify the existing generic default values for all Symbols, create a new set of default values by Symbol, and/or specify the default Commission by Exchange and Account combination.
The Specialist Trade Entry dialog box shares the same default settings with the Doneaway Entry and Future Trade Entry dialog boxes, and entering default values for one will set the defaults for the other.
Right-click the Specialist Trade Entry dialog box, select Defaults from the shortcut menu, and the Trade Defaults dialog box appears.
The Symbol combo box contains the symbol to which the Specialist Trade Entry default values correspond; the value of <Default> indicates that the default values correspond to all symbols that do not have their own set of defaults. Select the symbol whose corresponding Specialist Trade Entry default values you want to modify from the Symbol combo box, or, if the symbol you want is not listed, enter it.
Once default values for a symbol have been saved (by clicking [Apply] or [OK]), the symbol is added to the drop-down list of the Symbol combo box. You can remove a symbol from the drop-down list by selecting it and clicking [Delete].
Enter the value you want to default in the Specialist Equity tab’s Quantity field in the Quantity field.
Enter the increment you want the quantity to increase
or decrease (when clicking the 
to the right of the Quantity field) in the Quantity
Increment field. For example, if the Quantity
is 100 and the Quantity Increment
is 200, clicking the up arrow to the right of the field would increase
the quantity to 300, 500, 700, etc.
Enter the increment you want the price to increase
or decrease (when clicking the to the right of the Price field on the Future
tab) in the Price Increment
field.
Select the Account number that will default for the symbol you selected from the drop-down list box.
Click [Apply]; then select or enter another symbol and repeat the process above. If otherwise finished modifying Symbol default values, you can continue with the Commission values, or click [OK].
Right-click the Specialist Trade Entry dialog box, select Defaults from the shortcut menu, and the Trade Defaults dialog box appears.
Click the Commission tab.
Select the Exchange and Account combination to which you want to assign a default commission value from the corresponding drop-down list boxes. The available values are based on your REDIPlus access rights.
Select the type of commission (e.g., Basis Point, Per Order, Per Share) you want to default (for the Exchange/Account combination you selected) from the Commission Type drop-down list box.
Enter the Commission you want to default for the Exchange/Account combination and the type of commission you selected. The Commission field provides you with three different ways to enter this value:
Enter the value manually (i.e., key it in).
Increase or decrease the value by clicking the
to the right of the field.
Use the drop-down calculator (click 
).
If you select STD from the drop-down calculator, the standard commission associated with the Contra will be applied to the transaction.
Click [Apply]; then select another Exchange and Account combination, and repeat the process above. If otherwise finished modifying Commission default values, you can continue with the Symbol values, or click [OK].
