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Creating & Managing your orders

Creating & Managing your orders

Introduction

This page describes all the ways you can Create, View, Update and Cancel your orders on the TOD Markets Web User Interface (UI). For details about how to create orders by the API, visit the API Documentation.

Creating an order

Opening the Order Creation Window

You can find the ‘trade’ button on asset rows in the market view, and next to the asset code when viewing the asset description.

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You can also open the Create Order window by clicking the asset code within the Activity Feed view.

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Clicking the trade button will open the ‘Create Order’ view in a new small window.

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The Create Order View

Create Order View

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Global price toggle

This will toggle prices between global best and GNL best. Any change you make here will also synchronise across to any other windows that are open on your computer, allowing you to make the toggle once and see the change update on your other views.

Asset Full Name

Provides an accurate description of the asset you are considering.

Asset Price information

The same price row as that shown on the market view. This row is automatically updated when trade and order activity happens on the given Asset. If a price belongs to your company, then it is blue.

Order Form

We’ll go into detail on the order form and process in the next section.

Active Orders (Your Company’s orders)

This shows a list of all of your open, held and filled orders for this asset (for the same day). This section allows you to make edits to these existing orders. More on that in a later section.

Market Depth (Global order depth)

This table gives you relatively detailed information about the orders in the market without revealing the owner of those orders.

  • Your orders are highlighted in blue

  • good name orders are white

  • bad name orders are darkened

Order Form

Selecting ‘Buy’ or ‘Sell’ in the radio group will open the order form on this view.

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Clicking buy or sell opens the order form

Form inputs

Input

Description

Input

Description

Persistent Order?

This is sometimes called ‘Good till cancelled’ or ‘good until filled’. If left unchecked (non-persistent) then this order will be cancelled 2 hours after the close of the current trading session.

If checked (persistent) then this order will be ignored by the end of day cancellation process, allowing the price to stay on screen until it’s filled OR cancelled by you.

Quantity

The quantity of this asset you are trading. For example, if an asset has 500 MWh within it and trades a quantity of 10, then it is 5,000 MWh on the resulting trade.

Price

The amount of $AUD you are making the order for.

Open / Hold

If you submit the order in ‘Open’ status, it will be processed against other open orders immediately. This will also make the price visible to the market to hit.

If you submit the order in ‘Hold’ status, then it will not be processed or visible to the market. You can later change the status to open, allowing the order to be processed.

Form defaults

When the form opens there are some sensible defaults applied:

  • Quantity is 5

  • your carat will automatically jump into the price field, which is empty by default.

  • Persistent order is false

  • The order is Open

Form Validation

  • you cannot have a quantity less than 1

  • you can have any price, including negative numbers.

  • The ‘Buy’ or ‘Sell’ buttons will only appear once a price has been input.

  • The ‘Buy’ button is blue and the ‘Sell’ button is red, making your action clear.

  • a plain text summary of your order appears beneath the form inputs, providing something to check that you have entered the correct details.

  • A warning will show if your price is outside of 15%

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Form Submission (Order Creation)

Clicking the ‘Sell’ button will bring up a confirmation modal.

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Any warnings will show on this view, too. Allowing you to read and self-validate your action before you submit the order.

Pressing the blue ‘Buy’ or red ‘Sell’ button will submit the order.

A shortcut to Give or Take a price on screen

You can click the price in the Asset price row and the form will automatically match the price and quantity with an opposing order type.

So if there is an offer on the screen to sell 10 at $100, then if you click the price it will automatically prefill the order form to buy 10 at $100. Allowing you to quickly give or take offers you see on the screen. See this video for an example: Clicking a price to prefill the order form.

Managing Orders

Where to manage your orders

You can see a list of your orders on the left side of the Market view

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You can also see the orders that you have on a given asset in the Create Order view:

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Editing a single order

Clicking the edit icon next to one of your orders will open the order edit modal

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Edit button

The Edit Order modal (popup)

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Editing bulk orders

If you need to hold or open multiple orders, you can tick their box in the list, which will make a bulk action box pop up:

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Here you have the option to open and hold orders, but you can also bulk persist and unpersist the orders, too.

Quickly removing all your orders

To quickly remove all your pricing, simply bulk-hold your orders. Holding an order will render it invisible to the market, allowing you time to edit or cancel the order without concern of having your order match.

Your historical orders

To view all of your company orders, including those that are filled & cancelled on specific assets or within specific timeframes, use the Orders index.

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The default ‘When’ property is always ‘today’ but you have multiple options to work with. it’s possible to apply very specific filters and then bookmark these filters in your browser.

Related content

This material has been prepared by TOD Markets Pty Ltd (ABN 32 675 980 604) (TOD Markets, 'us' or 'we').

TOD Markets is a corporate authorised representative (CAR 001311315) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573) (62C).

The material is for general information only and is not an offer for the purchase or sale of any financial product or service. The material has been prepared for investors who qualify as wholesale clients under sections 761G of the Corporations Act or to any other person who is not required to be given a regulated disclosure document under the Corporations Act. The material is not intended to provide you with financial or tax advice and does not take into account your objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, #548573, any of their related body corporates or any other person. To the maximum extent possible, 62C, #548573, their related body corporates or any other person do not accept any liability for any statement in this material.