TRADES - Short Trade Entry
What is
TRADES is a subset of TRADE. A separate menu option named as TRADES can be setup which allows the user to use the short trade entry processes of TRADE or you can right-click at commencement of TRADE to activate these selections. The options are contract, Purchase contract, Bid and Offer templates and Brokerage contract.
The reason for short trade entry is for traders to enter the minimum of information in order to update the open position and facilitate creation of documentation e.g. Contract Advices.
To assist the trader, trade support can nominate a costs grid that will be automatically applied when creating a new contract. The cost grid is setup in PHYSCODES/Cost Matrix whereby the user nominates (mouse right-click) the matrix as a default for TRADES purchase or TRADES sale.
There is a limits tab that allows the trader to view the current exposure situation of the counter-party.