Not satisfied with the current market prices?  The Cantor Exchange allows Participants to publish their own bid and offer prices to the market so that other Participants can trade on them.

 

Before creating your own custom price, it is important to understand how Contracts & Pricing work on the Exchange.

 

It is also important to understand the difference between an IOC (Immediate Or Cancel) order and a GTC (Good Til Cancel) order:

 

IOC (Immediate Or Cancel) Limit Orders: An IOC order means that if there is no matching order on the order book when the order update is submitted, the order update is cancelled right away and is not left sitting on the order book.

 

GTC (Good Til Cancel) Limit Orders: A GTC order means your order will sit on the order book until one of the following events occurs: the order is filled at the designated Limit Price (that is, the price at which you want your order to be executed); the order is cancelled; the contract reaches the expiry time.

 

For information about creating your own price using the TradeWx weather trading interface, please visit TradeWx Help.

 


creating YOUR OWN PRICE

Select which interface you are using from the list below to view detailed examples about how to enter your own price using that interface:

Tradologic trading interface

CX Markets mobile app

 

Don’t forget, you can always review your Gain/Loss History report for more details about your trades.

 


creating your own price on the Tradologic interface

When using the Tradologic interface, you can submit your own custom priced order simply by editing your order request in the order ticket window.

 

 

Step 1: Select your asset and expiry

Using the drop-down menus in the top left corner of the interface, select your asset and expiry.

 

We have selected USD/JPY and the 16:00 (4:00 PM ET) expiry.

 

 

Step 2: Select your strike and position

Determine which strike level you want to trade on from the list of strikes to the left of the chart. Click on the Bid/Ask button next to your desired strike level to select your strike and position. This will open an order ticket window where you can customize your order request.

 

We have selected the Buy (Ask) position for the 101.150 strike.

 

 

Order Ticket_1

 

 

 

Step 3: Enter the number of contacts you wish to trade

You can modify the quantity of your order by updating the value in the Quantity field in the order ticket window.

 

We have kept the quantity at 10 contracts.

 

Quantity highlight_1

 

 

Step 4: Select your Order Type

In the order ticket window, choose your order type (GTC or IOC) from the Order Type drop-down menu.

 

Please note: The default order type on the Tradologic interface is GTC (Good Til’ Cancel).

 

Order Type highlight_1

 

We have kept the order type as GTC.

 

 

Step 5: Enter your custom price

You can modify the price of your order by updating the value in the Order Price field in the order ticket window.

 

Order Price highlight_1

 

The original price for this order was $0.23 per contract. We have updated the order price to $0.10 per contract by entering “10” in the Order Price field.

 

Price_1

 

 

Step 6: place your order!

Review your custom order in the order ticket window. When you’re ready, click the Place Order button to submit your order request.

 

Place Order highlight_1

 

If your order has been successfully filled, it will appear in the Trades tab under the chart.

 

If you placed a GTC order and your order has not yet been filled, it will appear in the Orders tab, like our order below.

 

Pending highlight_1

 

 

 


CREATING YOUR OWN PRICE ON THE CX MARKETS mobile APP

On the CX Markets mobile app, there are actually two different ways to submit a custom priced order:

• Method 1: Placing a GTC (Good Til Cancel) order

• Method 2: Placing an IOC (Immediate or Cancel) order

 

 

Method 1

placing a GTC Order

Step 1: Select your asset and expiry

Using the drop-down menus in the top left corner of the app, select your asset and expiry.

 

We have selected EUR/USD and the 2:55 PM ET expiry.

 

 

STEP 2: SELECT YOUR STRIKE AND POSITION

To submit a GTC order on the app, click the gray strike button to the right of the Above/Below buttons for the strike level you want to trade. This will open an Enter Order ticket window with an empty Price field. Select your position by clicking on the Above or Below button.

 

We have selected the Buy (Above) position for the 1.1380 strike.

 

enter own price_blank

 

 

Step 3: ENTER THE NUMBER OF CONTACTS YOU wish TO TRADE

You can modify the quantity of your order by updating the value in the Quantity field.

 

Quantity_Red

 

We have kept the quantity at 1 contract.

 

 

Step 4: Enter your custom price

In the empty Price field, enter your custom price and click the Confirm button to open the Confirm Order window.

 

By entering “40” in the Price field, we have updated the price of our order to be $0.40 per contract.

 

enter own price

 

 

Step 5: Place your order!

Review your custom order in the Confirm Order window. When you’re ready, click the Place Order button to submit your order request.

 

Place order

 

If your custom order has been filled, it will appear in the Positions area to the left of the chart.

 

Since you are submitting a GTC order using this method, if your custom order is not filled right away, it will appear in the Active Orders area.

 

 

 

Method 2

placing an IOC Order

STEP 1: SELECT YOUR ASSET AND EXPIRY

Using the drop-down menus in the top left corner of the app, select your asset and expiry.

 

We have selected EUR/USD and the 11:10 AM ET expiry.

 

 

STEP 2: SELECT YOUR STRIKE AND POSITION

To submit an IOC order on the app, click on the Above/Below button next to the strike level you want to trade to select your strike and position. This will open the Confirm Order window. Click the Modify button to update your order request.

 

We have selected the Buy (Above) position for the 1.1340 strike.

 

cREATE OWN PRICE 88

 

 

Step 3: ENTER THE NUMBER OF CONTACTS YOU wish TO TRADE

You can update the quantity of your order by modifying the value in the Quantity field.

 

Quantity-red

 

We have kept the quantity at 1 contract.

 

 

Step 5: ENTER YOUR CUSTOM PRICE

In the Price field, enter your custom price and click the Confirm button to return to the Confirm Order window.

 

Create own price field

 

The original price for this position was $0.88 per contract. We have updated the price to $0.70 per contract by entering “70” in the Price field.

 

Craete own price 70 red

 

 

STEP 6: PLACE YOUR ORDER!

Review your custom order request in the Confirm Order window. When you’re ready, click the Place Order button to submit your order request.

 

Create own price new 70 red

 

If your custom order has been filled, it will appear in the Positions area to the left of the chart.

 

 


For assistance with creating your own price, contact us!