Futures Platform Questions

Futures Platform Questions

Top Customer Questions

How do I place a futures trade?

Depending on the type of futures you trade, TradeStation provides two different methods of placing futures trades:

  • If you trade only electronic futures markets, TradeStation provides integrated, direct-access order execution from the Order Bar within the TradeStation platform. More detailed information on electronic futures trading (electronic symbols only) in TradeStation is provided below.
  • If you trade futures options (or futures options and electronic futures), TradeStation enables you to place trades through the TradeStation Futures+ platform. To trade both futures options and electronic futures, you must open and fund a second futures account. More detailed information on non-electronic futures trading (futures options or electronic symbols) using the TradeStation Futures+ platform is provided below.

You can also place a trade by calling our Futures Trade Desk at 800.837.8951 or 954.652.7930. Orders placed by phone will be charged an additional $50 per trade.

What are the futures trading hours?

Hours are set by individual exchanges and are subject to change. To view the most current trading hours for futures exchanges, please visit CME GroupICEMinneapolis Grain Exchange and Eurex.

What is futures day trading?

This refers to establishing a position at 25% of the initial margin requirement and liquidating the same position or positions within the same trading day.

What are the futures day trading hours?

From 8 a.m. to 4:15 p.m. Eastern Time (ET), Monday through Friday, for U.S. markets.

Which commodities does TradeStation offer for day trading?

ES, NQ, YM, TF, EMD, FDAX, FESX, FGBL, FGBX, and FSTU.

How does a futures trader utilize the day-trade rate?

Rules are posted at the Futures Margin Rates page of the website. Other restrictions may apply.  You must contact the Futures Trade Desk to have the day-trade rate enabled on your account(s).

Can a futures trader contact the Trade Desk 24 hours a day?

Yes, from 4:45 p.m. Sunday to 6:00 p.m. Friday ET.

What are the symbols for futures contracts?

Individual Contracts

The symbology for an individual futures contract is the root (which may be one or more characters), followed by the month code, a two-digit year code, a decimal and the alias extension (optional).

[Symbol root][Month Code][Year Code].[Alias]

For example, futures contracts for the S&P 500 June 2014 Pit are displayed as SPM14.P. See the Alias Extensions section below for an explanation of the .P extension.

Continuous Futures Contracts

Continuous futures data is necessary for the back-testing of futures markets due to the limited life span of this type of market. This data is linked at rollover points and is adjusted to ensure continuity.

The symbology for a continuous futures contract is an ampersand (@) followed by the symbol root, a decimal and the alias extension (optional).

@[Symbol root].[Alias]

For example, continuous futures contracts for the S&P 500 Electronic are displayed as @SP. For more information on continuous contracts, click on Help – TradeStation Platform Help in the TradeStation platform. Under the Index tab, enter continuous and click on Continuous Contracts.

Alias Extensions

Extensions are optional; if you don’t add an extension after a futures symbol, the data for the electronic-only futures will be displayed.

The following extensions are used to indicate the type of trading activity:

.C = Composite (includes data from both electronic and pit activity)

.D = Electronic day only

.P = Pit only

 

Note: The .D extension is available only for symbols that trade 24 hours a day electronically, such as the E-Mini S&P 500, which starts trading at 5 p.m. Central Time and continues until 4:15 p.m. on the following day. For example, to view only the day session for the E-Mini S&P 500 March 2014 Electronic, append .D to the symbol, so it would become ESH14.D.

How do I cancel an order?

Unexecuted orders will automatically cancel (expire) when the duration of the order ends. For example, if you send the order with a duration of 3 minutes, it will automatically cancel if it is not executed within 3 minutes. If you send the order as a day order, it will be canceled at the end of the core trading session (usually 5 p.m. ET) if it is not executed prior to such time. Unless another order duration is designated, all orders will be day orders. You may also cancel an order manually before the duration you set by either clicking the “Cancel” button in the Order Bar or by right-clicking on the order in the TradeManager and selecting to cancel the order. Other features are also available to let you cancel all open orders for a particular symbol or all open orders for all symbols.

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Electronic Futures Trading (Futures Options or Futures) on the Futures+ Platform

How do I launch and log in to the TradeStation Futures+ Platform web trading platform?

Visit the TradeStation Futures+ home page to launch the platform. A login dialog box will open. Enter your Futures+ login ID and password (which may be different from your TradeStation Client Center login and password).

How will I receive my login and password?

An email message with this information will be sent to the email address on file with TradeStation, once your account is established and funded.

I can't remember my login. How do I retrieve it?

Log in to the TradeStation Client Center. In the Customer Profile section, locate Security & Passwords in the left navigation and select TradeStation Futures+. Your Futures+ username is the email address listed on the page.

I can't remember my password. How do I retrieve it?

Log in to the TradeStation Client Center. In the Customer Profile section, locate Security & Passwords in the left navigation and select TradeStation Futures+. Select Reset my Futures+ Password and an automated message will be delivered to your email address that contains a unique link necessary to complete the password reset process.

I entered my login and password, but was not allowed to enter the system. What should I do?

Please contact Client Services for assistance.

How do I download the TradeStation Futures+ desktop application?

Once logged in to the TradeStation Futures+ web trading, select the user menu in the upper right-hand corner and select Desktop App to download.

How do I select a product to trade?

After you log in, you’ll see the Markets Overview page. Search for or browse the list of products and click a product name to trade it.

How do I submit an order?

Click an instrument name or price anywhere in the application to populate the order ticket. Then review and submit your order.

For more information on the TradeStation Futures+ platform, see the Quick Start Guide or Futures+ Videos.

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Electronic Futures Trading (Electronic Symbols Only)

How do I cancel an order?

Unexecuted orders automatically cancel (expire) when the duration of the order ends. For example, if you send the order as a day order, it will be canceled at the end of the trading session if it is not executed prior. You may also cancel an order manually before the duration you set by either clicking the Cancel button on the Order Bar or by right-clicking on the order in the TradeManager and cancelling the order. Other features are also available to let you cancel all open orders for a particular symbol, or all open orders for all symbols.

Can I cancel or replace a partially executed order?

Partially executed orders can be canceled the same way as described above. All open orders can be canceled because TradeStation considers all orders “open” until expired, canceled by the user or filled completely.

On the TradeStation platform, how can I view my futures account orders, open positions, balances, etc.?

You can view this information by clicking on the TradeManager icon in the TradeStation Shortcut Bar.

What information can I get online about the status of my orders?

TradeStation is designed to alert you immediately, in real time, to any changes in the status of your order. The different statuses for your orders include, but are not limited to:

  • Sending – Order is being sent
  • Sent – Order has been routed and dispatched
  • Received – Order has been received and is live
  • Cancel Sending – Cancel request is being sent
  • Cancel Sent – Cancel request has been dispatched
  • Cancel Received – Cancel request has been received
  • UROut – Order is out of the market
  • Filled – Order has been filled
  • Partial Fill/Alive – Order has been partially filled and an order for the remaining shares is still live
  • Partial Fill/UROut – Order has been partially filled and an order for the remaining shares is no longer live
  • Expired – Time limit of the order has expired
  • Rejected – Order was rejected
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