Trading digital options is very simple on the Cantor Exchange!

 

Before you start trading, you must understand how Contracts & Pricing work on the Exchange.

 

Don’t forget to check out our Exchange Reference Guide for more trading information!

 

For information about trading using the TradeWx weather trading interface, please visit TradeWx Help.

 


Steps to Trading

Placing a trade on the Cantor Exchange involves just a few basic steps:

Step 1: Select your asset

Step 2: Select your expiry

Step 3: Examine the market

Step 4: Select your strike & position

Step 5: Enter the number of contracts you wish to trade

Step 6: Place your order!

 

Select which interface you are using from the list below to view a detailed example of placing a trade on that interface:

Tradologic interface

CX Markets mobile app *

 

Note, you can place more than one trade on the same (or different!) asset, strike, or expiry at the same time!

 


Trading on the Tradologic interface

Multi trades

 

 

STEP 1: Select YOUR ASSET

Lets get started! In the top left corner of the interface, select an asset from the Asset drop-down menu.

 

We have selected EUR/USD.

 

Assets-highlight_1

 

 

STEP 2: SELECT YOUR EXPIRY

Now you must select your expiry. Recall, an expiry is predetermined time at which a contract will expire.

 

Select an expiration time from the Expiry drop-down menu in the top left corner of the interface.

 

We have selected the 16:00 (4:00 PM ET) expiry.

 

Expiry-highlight_1

 

 

STEP 3: EXAMINE THE MARKET

After selecting your asset and expiry, you ought to examine the market before making your trade. You can use the chart on the interface to view current and historical activity on the underlying market for the asset you have selected.

 

Chart_highlight

 

STEP 4: SELECT YOUR STRIKE AND POSITION

Next, you must select the strike on which you want to trade and your position (Bid/Ask). The asset, expiry, and strike you select define the contract you are trading.

 

To the left of the chart, you will see a list of the available strike levels for the asset/expiry you have selected. You can scroll up and down to view additional strikes. You will also see price and quantity information for each position (Bid/Ask).

• A Buy/Bid/Above position is purchased when you are expecting the underlying market value of the asset to increase above the selected strike level.

• A Sell/Offer/Below position is purchased when you are expecting the underlying market value of the asset to decrease below the selected strike level.

 

Note, the value inside the Bid/Ask button is the best available price for that position.

 

To select a strike and position, click on the Bid/Ask button next to your desired strike level. This will open an order ticket window where you can update your request before placing your order.

 

Strikes_highlight_2

 

We selected the Ask (Buy) position for the 1.12200 strike. Therefore, we believe the underlying EUR/USD market will be above the 1.12200 strike at 4:00 PM ET. Below you can see the order ticket window for this order.

 

Order-ticket-window_1

 

 

STEP 5: Enter THE NUMBER OF CONTRACTS YOU WISH TO TRADE

You can trade any number of contracts, as long as other Participants in the market are also willing to trade those contracts. Remember, each forex/metals contract is entered into as an agreement between two Participants on the Exchange.

 

You can update the contract quantity for your order by modifying the value in the Quantity field in the order ticket window.

 

We have entered a quantity of 10 contracts for this order.

 

Quantity-highlight_1

 

 

STEP 6: PLACE YOUR Order!

Review your order in the order ticket window. The order ticket window will show your potential profit, trade margin, and payout percentage for your order. When you’re ready to place your order request, click the Place Order button.

 

Place-Order_1

 

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

 

Trade_highlight_1

 

If your order has not been filled, it will appear in the Orders tab.

 

Once you have successfully placed your trade, you can wait until your position is settled at the expiry to see if you have won!

• If you win your trade, that is, if your position settles in-the-money, you will be rewarded $1 per contract.

• If you lose your trade, that is, if your position settles out-of-the-money, your contract(s) is worth $0.

 

 


Trading on the CX Markets mobile app

Mobile Trading Guide (iOS version)

 

Gen_UI-1

 

 

Step 1: Select your asset

In the top left corner of the app, select an asset from the Product drop-down menu.

 

We have selected EUR/USD.

 

Assets-highlight_1

 

 

Step 2: Select your expiry

Now you must then select your expiry. Recall, an expiry is predetermined time at which a contract will expire.

 

Select an expiration time from the Expiry Time drop-down menu to the left of the chart.

 

We have selected the 2:55 PM ET expiry.

 

Expiry-highlight_1

 

 

Step 3: Examine the market

After selecting your asset and expiry, you ought to examine the market before making your trade. You can scroll right and left along the times at the bottom of the chart on the app to view current and historical activity on the underlying market for the asset you have selected.

 

 

Chart-highlight_1

 

 

Step 4: Select your strike & Position

Next, you must select the strike on which you want to trade and your position (Above/Below). The asset, expiry, and strike you select define the contract you are trading.

 

To the right of the chart, there is a list of available strike levels for the asset/expiry you have selected. You can scroll up and down to view additional strikes. Quantity and price information for each position is shown in the Above/Below buttons.

 

Strikes-highlighted_1

 

When you decide what strike level you want to trade, click on the Above/Below button next to that strike to select your position and open the Confirm Order window.

• A Buy/Call/Bid/Above position is purchased when you are expecting the underlying market value of the asset to increase above the strike level.

• A Sell/Put/Offer/Below position is purchased when you are expecting the underlying market value of the asset to decrease below the strike level.

 

We have selected the Above (Buy) position for the 1.1380 strike. Therefore, we believe the underlying EUR/USD market will be above the 1.1380 strike by 2:55 PM ET. Below you can see the Confirm Order window for this order.

 

Order-ticket_2

 

 

Step 5: Enter the number of contracts you wish to trade

You can trade any number of contracts, as long as other Participants in the market are also willing to trade those contracts. Remember, each forex/metals contract is entered into as an agreement between two Participants on the Exchange.

 

You can update the contract quantity for your order by pressing the Modify button in the Confirm Order window.

 

Modify-279x300

 

After pressing the Modify button, an Enter Order window will appear. You can enter the number of contracts you wish to trade in the Quantity field or you can update the quantity by pressing the +/- buttons.

 

We have kept the quantity at 1 contract for this order.

 

quantity-279x300

 

After entering your desired quantity, click the Confirm button to save your changes and return to the Confirm Order window.

 

Step 6: Place your order!

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

 

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

 

Filled-highlighted_1

 

Once you have successfully placed your trade, you can wait until your position is settled at the expiry to see if you have won!

• If you win your trade, that is, if your position settles in-the-money, you will be rewarded $1 per contract.

• If you lose your trade, that is, if your position settles out-of-the-money, your contract(s) is worth $0.

 

 


Need assistance? Contact us!

 

Please visit the Cantor Exchange website for information regarding settlement and trading fees.

 

*Please note: The Cantor Exchange CX Markets mobile app for Apple devices is made available as a convenience to our Participants, but is not officially supported by Cantor Exchange.