From the beginning,
TradeStation has set the standard for its
unique ability to let you test and fully automate
your own trading strategies. Now TradeStation offers you a trading edge for the trades
you place manually as well.
TradeStation’s new Matrix window is the next generation in manual order entry. It combines the benefits of the market depth window, a highly-advanced order entry tool, and an order tracking system, all in one window.
With just a single glance at this screen, you’re able to see all bids, bid sizes, asks, ask sizes, last trade and trading volume at each price level for the day.
With just a single click on any row in the Bid or Ask column, you're able to immediately place an order. Your order then appears in the Order column. To cancel an order, simply click on that order in the Order column. To cancel/replace an order, simply drag and drop it to a different price. Once your order is filled, you’re able to view your open position profit/loss in the P&L column and place an order to close the position at the desired level with just a click of your mouse.
The Matrix window supports the full functionality of TradeStation’s Futures and Equities order execution capabilities.
That means that you can specify order types, order duration, and other settings, in addition to advanced orders for equities, including Show Only, Discretionary, Non-Display, Peg, etc.
And if you're subscribed to TradeStation's optional ECN Books feature, the Matrix window will show you the full depth of ECN books. So you'll not only be able to see the best bid/ask information—you'll also be able to see all the bids and asks displayed in the Archipelago (ARCA), Brass (BRUT), INCA (Instinet), and Island (ISLD) books.
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