Montage Monitor

See Also

The Montage Monitor displays Level I Real-time bid/ask quotes for securities trading on the NASDAQ stock market and comparable information for securities quoted in the OTC Bulletin Board Service. (Bid, Ask, Change, Last, etc.) and Level 2 Real- time quotations of individual market makers registered in every NASDAQ listed security as well as market makers' quotes in OTC Bulletin Board securities. data (Market Makers On the NASDAQ system, a broker-dealer willing to accept the risk of holding a particular number of shares of a particular security in order to facilitate trading in that security.
Each Market Maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares. Once an order is received, the Market Maker will immediately sell from its own inventory, or seek the other side of the trade until it is executed, this process takes place in just seconds.
, Super Montage, ECNs An Electronic Communication Network ( ECN An Electronic Communication Network (ECN) is an electronic system that attempts to eliminate third parties orders entered by an exchange Market Maker or an OTC Market Maker by networking major brokerages (and individual traders) so that they can trade directly between themselves without having to go through a middleman. ) is an electronic system that attempts to eliminate third-party orders entered by an exchange Market Maker or an OTC Market Maker by networking major brokerages (and individual traders) so that they can trade directly between themselves without having to go through a middleman. , their prices and quote sizes, depth of market, etc.) for NASDAQ stocks, and the primary and regional market quotes, combined with the Third market and ECN quotes for Listed stocks. All information is updated dynamically, and thus provides the current overview of a given stock at all times. This information becomes truly useful when you take advantage of the Montage Monitor’s quick and easy way to process your orders; see the Processing Orders through the Montage Monitor topic for more information.

Montage Monitor Components

The default Montage Monitor is made up of the following components:

Title Bar

Toolbar

Quote Bar

Level 2 Quote Bar

Smart Action Bar

Status Bar

Additional Montage Monitor Components

The following components can be added to the Montage Monitor by selecting the corresponding checkbox under the View category of the Properties dialog box’s Settings tab; see the To add or remove Montage Monitor components topic for more information.

Quick Update Bar

Execution Bar

Order Bar

Ticket Bar

HotKey Bars

To add or remove Montage Monitor components

You can add or remove the Title bar, Toolbar, Quick Update bar, Execution bar, Quote bar, Order bar, Smart Action bar, Ticket bar, and/or any HotKey bar to/from the Montage Monitor.

  1. Select the Montage Monitor icon from the REDIPlus Application bar, and the Montage Monitor appears.

  2. Right-click in the Montage Monitor, select Properties from the shortcut menu, and the Properties dialog box appears.

  3. Click the Settings tab, and select or clear the appropriate checkboxes from the View category; see the Montage Monitor Settings topic for more information.

  4. When finished, click [OK].

Montage Monitor Functionality

The Montage Monitor enables you to do the following through the shortcut menu:

Buy/Sell Securities

Cover your Position

Update Orders

Cancel Orders

View Weighted Average Price and Cost

Override Ticket Price

Configure the Smart Action Bar

Configure HotKey Settings