The Online Trader Introduction Guide

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					            The Online Trader Introduction Guide

Welcome to The Online Trader, the most advanced and sophisticated information- and trading system
on the Internet. The Online Trader is a professional tool for brokers, analysts, private investors and day
traders.

The Online Trader provides you with all the information you need to follow the equity markets in
realtime. Exchange quotes and financial news are automatically and instantly updated, providing you
with an accurate and reliable view of the financial markets. The Online Trader includes a wealth of
functionality for quick and easy access to the information and analysis you need.

This guide introduces you to The Online Traders functionality and possibilities.


Table of content

1.    Installation ...................................................................................................... 2
2.    Starting up for the first time ............................................................................ 2
3.    Workspace and Folders .................................................................................... 3
4.    Main menu ....................................................................................................... 3
5.    Quotes Window ................................................................................................ 4
6.    Composite Window .......................................................................................... 4
7.    Broker Statistics............................................................................................... 4
8.    News ................................................................................................................ 5
9.    Charts .............................................................................................................. 5
10. Portfolio module .............................................................................................. 6
11. Option calculator.............................................................................................. 7
12. Chat ................................................................................................................. 8
13. Alerts ............................................................................................................... 8
14. Browser ........................................................................................................... 8
15. Ticker lines....................................................................................................... 8
16. Linking of Windows .......................................................................................... 8
17. Export of data and DDE links ............................................................................ 8
18. Order Entry (Trading) ...................................................................................... 9
  18.1   Login session ................................................................................................ 9
  18.2   Status Window .............................................................................................. 9
  18.3   Order Entry Window..................................................................................... 10
  18.4   Order Entry Options ..................................................................................... 10
  18.5   Keyboard Short-cut...................................................................................... 10
  18.6   Automatic link to the Portfolio Module ............................................................ 10
19. Support .......................................................................................................... 10
20. WAP Service .............................................................. Error! Bookmark not defined.




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The Online Trader – Introduction Guide V. 2.1                                                                  Page 1 of 10
1.      Installation
Minimum Requirements:

Operating system:      Windows Windows 95/98/ME/NT/Win2000/XP
Processor:                     Pentium
Memory:                        32 MB RAM
Screen resolution:             1024x768, 256 colors
Required disk space:           10 MB
Internet connection            9.600 baud


We recommend:

Operating system:              Windows 2000/XP
Processor:                     Pentium
Memory:                        256 MB RAM
Screen resolution:             1024x768, 16 mill colors
Internet connection:           ISDN (64KB connection)

Step 1: Download

The Online Trader must be installed on your computer. You can download the program from
www.theonlinetrader.com/install.exe (approx. 3MB, less than 1 minute on ISDN). Choose “Run this
program from its current location” and press Ok. The program will be downloaded to your computer.

Step 2: Install

When the download is completed the installation process will start. A “Security Warning” asks if you
accept the program from Infront. Answer Yes to this question, then press Next to the following
instructions and the program is installed automatically.

Step 3: Log in


After the installation is completed you must enter the username and password you got in the e-mail you
received from us. Be sure to type this information correctly. The username and password are stored
under Tools|Setup on the Main Menu.

If you experience problems:
We suggest you read our Q&A section on www.theonlinetrader.com. The most common problem is that
the username and/or password are typed wrong. Restart the program, choose Tools|Setup from the
main menu and retype the information. Close and start The Online Trader.

Firewall/Proxy settings:
It is possible that a firewall or proxy obstructs your access to the Internet. A description on how to
configure your computer behind a firewall or proxy can be found on www.theonlinetrader.com
2.      Starting up

To start The Online Trader, either double-click on the icon
on your desktop, or press the “Start” button, and select
Programs|The Online Trader|The Online Trader.

Login Window
The Login window appears when The Online Trader is
starting up. It shows the login progress and miscellaneous      Fig. 2.1
connection information. If The Online Trader looses the connection to one of its servers, the login

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The Online Trader – Introduction Guide V. 2.1                                                   Page 2 of 10
window appears. You can disable this pop-up by ticking off the “Disconnects” checkbox.
                                            Fig. 2.1


Create Workspace
The first time you start The Online Trader, it will ask you if you want to create an automatic workspace.
Answer “Yes” to this question and a workspace with quotes, news, charts and ticker lines is built for
you. The automatic workspace consists of multiple pages that you can switch between (see fig. 2.2).

We recommend that you create an automatic workspace. You can also do this later if you select
File|Create Workspace from the Main Menu. The workspace will be saved as a default workspace.




                                  Fig 2.2
You can also select File|Save Workspace as Default, or File|Save Workspace as to save the
workspace.

3.        Workspace and Folders

Default workspace
The default workspace contains several windows with different information. A workspace can contain up
to 15 pages. Please note that each quote- and news window you open require more bandwidth from
your Internet connection.




Fig 3.1

Create your own personalized workspace
A workspace can be tailored to suite your personal needs. You can add quotes, charts, news and
analysis as well as customizing colors, fonts, window sizes and more. When you have designed a
workspace, select File|Save Workspace as. The default workspace will open automatically each time
you start The Online Trader.

4.        Main menu

The main menu is located in the left top bar. Select Open to display the main functions:

Quotes - Opens a pre-defined Quote Window with stocks, options, indices, commodities, forex etc
Composite Window - Opens a Quote Window that can contain a mix of instruments from different
markets
News - Opens a News Window with one or several news sources
Chart - Opens a Intraday- or Historical Chart
Point&Figure - Opens a Intraday- or Historical Point & Figure analysis
Ticker - Opens a vertical or horizontal ticker line displaying ticks from selected sources

Portfolio Module - Opens a portfolio module to monitor your trades and cash in realtime
Alerts - Opens an alert manager where you can define your own alerts for quotes and news
Chat - Opens a chat room where you can communicate with other users
Broker Statistics - Opens an advanced broker statistics module for realtime and historical broker data
Browser - Opens a browser window as a part of The Online Trader
Order Entry - Opens an order entry window (if available)




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The Online Trader – Introduction Guide V. 2.1                                                 Page 3 of 10
5.      Quotes Window

Select Quote Window (fig 5.1)
Select Open|Quotes from the main menu to see a list of all
quote markets you have access to. For each market, the list
shows the data provider and whether the access is realtime or
delayed.

Select the market you prefer and click “Ok”. If you e.g. want to
follow Swedish stocks, choose Stockholm SE, Stocks.

You can open the same quote window more than once.


Quote Window                                                         Fig. 5.1
Each quote window has multiple tabs/folders on the top row.
This includes a My List folders where you can add the quotes you
follow the most.

Tip: To quickly change ticker in the quote window, enter the
symbol/ticker code by typing the code on your Keyboard directly.
The ticker will appear in the top row of the window.


Quote Overview window (fig. 5.2)
Double-click on a quote to get more detailed information about it.
Here you can view the order depth, symbol statistics, broker
statistics, trades, historical prices and more.

If you want to view another instrument, just type the ticker code
in the window.

Right click on a quote for more options.                                 Fig. 5.2


6.      Composite Window

The Composite window
(fig. 6.1) makes it
possible to add quotes
from different markets
in the same window.
Select the Add button
to include new quotes.
For additional options,
please see the right click
menu.

                             Fig.6.1



7.      Broker Statistics

The Online Trader contains realtime and historical broker statistics for the Nordic markets. Broker
statistics is in-depth data on what an exchange member is trading or who is buying or selling a stock.
To open this window, select Open|Broker Statistics and select the market you want.

Broker statistics can be divided in three categories:
1) All Brokers - Broker statistics for the entire market
2) Single Broker - Broker statistics for one broker on all instruments


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The Online Trader – Introduction Guide V. 2.1                                                Page 4 of 10
3) Single Symbol - Broker statistics for one quote

1) Broker statistics for a market
This view shows all the brokers active
on the specific market (e.g. Stockholm
SE). You can view information about
how many trades each broker has
executed, who is the net buyer and
seller in the market, the total turnover
for each broker and who has traded a
specific quote.

By double clicking on one of the
brokers, you are moved to the Single
Broker folder.

2) Broker statistics for a broker
                                                Fig 7.1
Sums up all trades executed for one
specific broker. To sort the list by a column, double-click on the column header.

3) Broker statistics for a quote
This view displays all Brokers active for the selected quote. You will get fast access to the brokers that
are the largest buyers, sellers or most active traders. To sort the list by a column, double-click on the
column header

Select Time frame
The broker statistics module includes realtime and historical data. To change time period, right click and
select Properties. Historical data up to 1 year is available.


8.      News

The Online Trader offers a number of news services that are continuously updated. You can select
between free news services or subscription based services.

Main news window
In the main menu choose Open|News. Here you will find a list of news sources available, select the
preferred sources and click OK.
Double-click on the news headline to read the story and right-click for more options.

News on a Quote
Double click on a quote from the quote window (see section “quote window”) and select the news
folder. Here you can see todays and historical
news from several sources for the chosen
quote.

9.      Charts

The Online Trader includes an advanced
charting module. Here you can customise
time periods, layout, default settings and
more. The Charting module retrieves and
displays both intraday and historical data in
just seconds. There are more than 35
technical analysis studies to choose from.
Intraday Charts
Right click on a quote in the quote window
and select Intraday|Intraday Chart. The
default chart is a two-day minute chart.

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The Online Trader – Introduction Guide V. 2.1                                                   Page 5 of 10
Select other time intervals in the bottom right corner (1D, 2D, 3D, 5D, 10D and All available).

Up to 20 days of intraday data is available, depending on the selected symbol and resolution.

Adjust the resolution by clicking on the icons for time scale in the bottom right corner: tick-by-tick,
minute, 5 minutes, quarter and hour.
At the bottom of the window you will find two scroll-bars. Use these to change the time frames
manually.

Historical Charts
The Historical Chart graphs historical time series for a quote. Right click on a quote in the quote window
and select Historical|Historical Chart. In the bottom right corner you can select predefined periods
such as 1 year, 1 month or a custom period. Other resolutions are monthly, weekly and daily.

Technical Analysis Studies: In the charting module, there are more than 35 technical analysis models
to choose from. To add a technical analysis to an open chart, select Chart from the Main Menu. The
following analysis is available:

Volume analysis: Negative Volume Index, Positive Volume Index, Price Volume Trend, Moving
Average Volume, Ease of Movement, Money Flow Index, Volume Bar, Volume Oscillator.

Momentum analysis: Average True Range, On Balance Volume, High/Low Oscillator, MACD, Price
Oscillator, Qstick, Rate of Change, Relative Momentum Index, Relative Strength Index, Relative
Volatility Index, Standard Deviation, Slow Stochastic, Volatility, Williams’s %R, Williams Acc/Dist

Trend analysis: Moving Average, Weighted Moving Average, Directional Movement DI, DX, ADX,
ADXR, Exponential Moving Average, Triangular Moving Average, Bollinger Bands, Price Channel,
Parabolic SAR, Volume Rate of Change


10.     Portfolio module

The portfolio
module shows an
overview of all
your assets in
realtime.

There are no limits
to how many
portfolios you can
register and
watch.
                       Fig. 10.1


To open existing portfolios choose Open|Portfolio. A setup dialog appears. Enter the portfolio name,
commission and other information as shown. The portfolio can be password protected.

Open Positions, Open Positions Accumulated and Closed Positions
On the top bar three tabs/folders appear; “Open Positions” displays all your individual transactions
(assets). “Open Positions Accumulated” summarizes all positions on the same asset to one position.
“Closed Positions” provides a complete overview of your closed trades.

Add Assets Manually
Add all your trades to the portfolio to watch your investments in real time. To add assets manually,
right-click and select: Asset|New Asset.

Add Assets Automatically from Order Entry
If you trade using the order entry module in The Online Trader, you can set up your portfolio to
automatically transfer all trades into you portfolio as described in 18.6.

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The Online Trader – Introduction Guide V. 2.1                                                   Page 6 of 10
Graph
Your portfolio can be displayed graphically. Right click and select chart and the preferred display;
Realized gain/loss, Today’s gain/loss, Asset allocation market / entry price.


11.         Option calculator

The Online Trader has an integrated realtime module for calculations of implied volatility and Greek
values such as Vega, Theta, Gamma and Delta. The calculation methods are Black Scholes, Black
Scholes 76 and Binominal method.

Select Open|Quotes and the preferred option market (e.g. Stockholm SE, Options). Make sure that the
stock market is open at the same time. The Option market will display 5 folders including a Put/Call
Folder when all options are received.

Put/Call folder
Notice the drop-down menu to the left. Choose an underlying instrument, and all options connected to
the instrument will be displayed. Calls is on the left side and Puts on the right. Forwards or futures are
displayed to the left. Every expiry change is marked with a different background color (can be changed
using Quotes|Colour Setup).
Notice that the columns you choose are duplicated and shown on both sides, both for call and put.
Some columns are removed because they take up too much space, and do not show any useful
information (ISIN, Symbol, Description, Subtype). Some columns have equal values for both Call and
Put; these are shown in the centre (Shortsynth, Longsynth, Strike, Expire Years, Expire Month, Expire
Date, Expire Days). Some columns will have the same order on both sides, as close to the middle as
possible (Bid, Bid Impvol, Bid Yield, Bid Arrow, Bid Size, Ask, Ask Impvol, Ask Yield, Ask Arrow, Ask
Size). All other columns are seen in reverse on both sides.




Fig. 11.1


Filtering
You can filter which options are shown in a series by ticking off the checkboxes on the top:
Bid/Ask – include only lines with Bid or Ask (on the put or call side)
Last - include only lines with Last (on the put or call side)
Options - include only options (forwards and futures are removed)
Strike – keeps only 5 options above and below underlying last
Update Filter – click on this if you have a filter, then increasing activity will include further options. The
filter is not dynamic. If there is a Bid price on an option, this will not be visible until you click on Update
Filter (or turn the Bid/Ask filter on and off). You can sort all columns. To go back to ordinary
Expiry/Strike sort, choose Expiry Month.

Calculating theoretical values on options
Choose Tools|Option Calc Setup or right-click on an option or stock and choose Set Volatility. Select
the Volitility page, choose the feed for the underlying symbols (e.g. Stockholm Stocks) and set the risk-
free rent for that market (e.g. 4%). You can also set up volatility for the underlying symbol manually,
or fill in the number of days you want and ask the server to calculate a historical volatility


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The Online Trader – Introduction Guide V. 2.1                                                      Page 7 of 10
Example: Press [Select All] - then [Set Days] - write: 30 [Enter] - press [Calc Volatilty]. A request is
sent to the server to calculate historic volatility over 30 days for all stocks on “Stockholm Stocks (this
may take a while to save the first time). You can also fill in future dividends for each stock.
The values in the Quote Windows are now being calculated.

12.     Chat

Several different chat groups are available. Selecting Open|Chat from the Main menu can open these.
You can discuss the exchange markets with others that share your interest. You can also talk with each
participant privately.

Alerts can be added to notify you of specific text written in the chat-room, or text written by/to a
person. Right click in the window for more options.

13.     Alerts

To add an alert, select Open|Alert in the main menu or right click
on a quote from the quote window. Fill in the information
according to the dialog.

The alerts can either trigger a sound or a pop up window. You can
define as many alerts as you want.

All alerts are registered in a log and you can edit them by selecting
Edit in the Alert Window.

                                                                        Fig. 13.1
14.     Browser

You can integrate web pages as part of your workspace. Choose Open|Browser from the main menu
and type in the URL address (e.g. www.nasdaq.com)

15.     Ticker lines

To open a ticker line, go to Open|Ticker and select a vertical
or a horizontal ticker. The ticker line continuously displays the
last trades executed at the exchange.

You can filter the ticker line on one or more markets;
instrument types (stocks, indices, options etc) or a selection of
symbols (My List)
                                                                     Fig. 15.1
Ticker line setup
The ticker-line can be configured to show flags, full name, up/down arrows, volume, broker Ids, time
stamp and more. Right click on the ticker line to adjust your settings.

16.     Linking Windows

The linked window functionality makes it possible to link different windows together so that they all
display information about the same instrument. Changing the symbol in one window will automatically
change the symbol in the other linked windows.

To link windows; activate the window you want to link and select Window|Link this Window or
Window|Link all Window. Do the same with the other windows you want to link together. Type in a
ticker code in one window, and watch the other windows change!

17.     Export of data and DDE links

Copy DDE Link to Clipboard (“Dynamic Data Exchange” link)

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The Online Trader – Introduction Guide V. 2.1                                                    Page 8 of 10
You can easily share information from The Online Trader with a dynamic link to other programs (e.g.
Microsoft Excel). In the quote window, select the data you would like to link to Excel, right click and
select Quotes|Copy DDE links to Clipboard. Go to Excel and select Edit|Paste. The links in Excel
will be active as long as The Online Trader is running.

18.     Order Entry (Trading)

You can trade through The Online Trader. This requires a trading account at a brokerage.

18.1 Login session
The order entry logon can be found on the main menu or by selecting Open|Order Entry on the main
menu. When the login window appears you must type in the login and password provided by your
broker. (Please note that this is NOT the same login as The Online Trader).

18.2 Status Window
When you are successfully logged on, the order status window appears. This window has three
tabs/folders; Order, Trade and Portfolio tab.

1) Orders folder
The orders tab shows the status of all your orders. An order can be either active or inactive; an inactive
order is NOT sent to the marketplace, while an active order is sent to the marketplace. As soon as the
order is activated it’s sent to the exchange. When the order is close to the market price, the background
color changes to yellow. A buy order is marked in blue, and a sell order is market in
red.

The right click menu in the Order folder provides possibility to activate, modify,
view or delete an order, or insert a new order (see fig. 18.1)

For Shortcuts see section 18.5 Keyboard Shortcuts

2) Trades folder
This folder displays all trades for the selected portfolio.

                                                                                         Fig. 18.1
3) Portfolio folder
This folder shows your positions, including trading power, cash, instruments and the market price of
your positions. There is a filter to show/not show instruments, cash and limits. In the bottom row you
will find a summary of your total investments.

Connection Status
If you loose the connection to your broker, the status in the upper left corner will give you a warning.
This means that you cannot trade or retrieve your portfolio(s). If you need to cancel or modify orders,
click on “How to contact” in the upper right corner.



Secure Connection
The connection with your broker is encrypted and totally secure, indicated by the yellow lock in the
bottom at the right side.

Colour and Font setup
When the order status window is activated, the order entry menu appears in the main menu. Click on
the font icon or color icon to change fonts and colors.

View trade and view order
Select view order or view trade on the right–click menu to view all details about the specific order or
trade.




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The Online Trader – Introduction Guide V. 2.1                                                    Page 9 of 10
18.3 Order Entry Window
The order entry window includes columns for entering price, volume, trading conditions, portfolio and
other information.

The order entry window can be accessed by:
- Double-clicking on the BID or ASK column on a stock in the market window,
- Double-clicking on BID or ASK in the order book or
- Right click on a stock and select “Trade Symbol”

If you double click on the BID or ASK column in the market window or order book, the price and volume
is automatically inserted in the order entry window.

In the bottom left corner there is a button that triggers a BUY or a SELL order depending on the
information inserted. You can also save the order (Save Order button) and it appears as an Inactive
order in the Status Window.

Confirmation: Before an order is sent to the exchange, The Online Trader asks you to confirm the
order. This function can be turned off by clicking the field Do not show this message again.

18.4 Order Entry Options
It is possible to define limits, defaults, and options for opening of
windows for Order Entry under Tools|Order Entry Options.

18.5 Keyboard Short-cut
Enter a Buy or Sell Order
To enter a buy order directly from the keyboard, just type the ticker
code, hit the “+” key (to the right on the keyboard) and type the
volume. You will then “hit” the best selling price in the market for that
stock.

To enter a sell order, type the ticker code and the “–“ key on your
keyboard and then the volume.
This makes it possible to buy or sell a stock in just 2 seconds!

                                                                            Fig. 18.2
18.6 Automatic link to the Portfolio Module
If you do your trading from the order entry module in The Online Trader, you can set up your portfolio
to automatically enter all trades into you portfolio. Select Portfolio|Portfolio Setup from the Main
Menu, go to the order entry tab, click on the checkbox and enter the account number of the portfolio
you want to link from.


19.     Support

The Help menu provides guidance on how to use The Online Trader. If you need further assistance,
send an e-mail to support on Help|Mail to Support. Here you will also find a link to the product web
site and a user guide for The Online Trader WAP Service included in the subscription.




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