linux user manual alt z

ALT + Z

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USER MANUAL

Alt + Z - Option Strategy (Spread, Triangle, Butterfly)

G.E.T.S. Option Strategy window provides 3 in build strategies SPREAD, TRIANGLE & BUTTERFLY

and user friendly platform, where user can generate various recognized option strategies on selected

(NSE – BSE – MCX’SX) Exchange Derivatives & Currency Segment. This Algorithm

consists of Quote / 2LEG / 3 LEG order type.

i) SPREAD – user can select the combination of two different strike price / option type (CE/PE) /

Expiry of the same underlying currency options.

ii) TRAINGLE – supports to select the combination between currency future (option underlying) and

both option type of single strike price.

iii) BUTTERFLY – user can select the combination of three different strike price / option type (CE/PE)

/ expiry of same underlying currency options.

SPREAD

Choose Your Strategy

Choose Your Exchange

and Pro/Cli with ID

Choose Order Type: QUOTE IOC

Difference Type & Difference Amount Absolute Difference Absolute Ratio Product Diff

Leg Combo: Order Execution Sequence

QUOTE BASED L-1 L-2 L-2 L-1

2 LEG IOC [L-1 + L-2]

Opportunity Check: Trigger Point for Order Generation

Leap & Jump Profit Diff: Reversal Profit Amount Net Qty: Shifting Point for diff Amt Jump Diff: Change Figure for Diff

Reference Point for

Order Generation

All input parameters are explained below: -

1. Exchange: Define the desired Exchange

2. Pro/Cli: Pro ID or Client ID

3. Order Type: Quote/ 2-Leg (for Opportunity)

4. Fields for First Option Order (L-1) & Second Option Order (L-2)

a. Expiry Date: Derivative Expiry Date

b. Strike: Exchange Available Strike Price for the Instrument.

c. Opt Type : CE/PE

d. Buy/Sell : Order Type – Buy or Sell

e. Total Qty : Total No. of Lots to be executed

f. Order Qty : No. of Lots per order

5. Base Order : Leg Combo for Order Execution Sequence

6. Price Type:

g. Absolute Difference – Desired Price Diff between the two instruments.(Sell Price-Buy Price)

Strike Opt Type Buy/Sell Order Qty Market Price 5500 CE Buy 100 150

5600 CE Sell 200 100

Absolute Difference -50

h. Absolute Ratio – Desired Price Ratio between the two instruments (Higher Price/Lower Price)


5600 CE Sell 200 100

Absolute Ratio 1.5

i. Product Difference – Desired Product difference between the two instruments.{(Sell value –

Buy Value)/Minimum Quantity}

Strike Opt Type Buy/Sell Order Qty Market Price Value 5500 CE Buy 100 150 -15,000.00

5600 CE Sell 200 100 20,000.00

Product Difference .{(Buy value – Sell Value)/Minimum Quantity} 50

7. Pending First Order

j. Opportunity Check & Difference – This facility will enable the user to define a trigger point in

terms of difference; beyond or above which the algo’s will start the order generation for the

spread.

Example:

If the targeted difference for a specified spread strategy is Rs.10 but the user wants to avoid

the continuous order generation by the algo, user can select order opportunity check and

define the opportunity difference amount as shown above. In that case the Algo will start the

order generation if the ongoing market difference is beyond the opportunity difference Amount

i.e. Rs.8 as illustrated above.

k. Bidding for Best - Amount by which the order price will be made better.

l. Tick Size – Minimum tick size movement in the underlying to trigger order

generation/modification

m. Depth Up to – Denotes the market depth level from 1 to 5.

n. Threshold Qty - Threshold quantity percentage indicates the quantity availability within market

depth mentioned into Depth Up to column.

8. Pending Second Order Conditions

o. Price Type

i. Market – Submit against order as Limit order with order price at a specified percentage

at or below the LTP, upon receiving the trades of first order.

ii. Best Bid / Ask – Submit against order at the ongoing actual best bid / ask price, upon

receiving the trades of first order.

iii. Best Buyer / Seller – Submit against order at an order price making it the best buyer /

seller price in the ongoing market, upon receiving the trades of first order.

iv. Actual diff – Submit against order at the actual difference set by the user, considering

the avg. trade price of counter order.

9. Timer - denotes the time interval within which pending orders will be modified.

10. Mod count - denotes the number of modifications for the pending order.

11. Market Order Upto – denotes the amount by extent to which the order price generation will be

made better than the last generated order price.

12. Leap & Jump – If opted for, after trading a specific net quantity at a specified difference, user

can alter/change the spread amount by the mentioned jumped difference figure for the next

phase of quantity.

Profit Difference – After trading the user mentioned order quantity, the algo’s will self generate

the spread reversal order at the spread difference +/- Profit Difference.

Jump Difference – On achieving the desired net quantity, user can shift the spread difference

by the mentioned jump difference.

Net Qty – The desired phase quantity to be traded before shifting the spread difference.

Example : -

13. Reference Point: User can set a Reference point to trigger an order generation.

Depending upon the strategy, user can define the trigger point in Equity, Future or Option

segment to command the algo for spread order generation.

14. Strategy Name: For easy identification, facility is provided to name a particular strategy.

15. Add: Adds the new arbitrage opportunity setting to the arbitrage Grid

16. Update : Modifies any previously added settings to the arbitrage Grid

17. Remove: Removes any previously added settings from the arbitrage Gird

18. Clear All: Removes all arbitrage settings from the arbitrage Gird

19. Start : Starts calculating the opportunity and submission of the orders

20. Stop: Stops calculating the opportunity. Calling this will cancel all pending orders from order

book operated by the arbitrage module

21. Hide: Hide the active strategy window

TRIANGLE



and Pro/Cli with ID

Choose Order Type: QUOTE 2 Leg IOC 3 Leg IOC

Strategy Type

Conversion Reversion


QUOTE BASED L-1 L-2 L-3 L-2 L-1 L-3 L-3 L-1 L-2 L-1 L-3 L-2 L-2 L-3 L-1

2 LEG IOC [L-1 + L-2] L-3 [L-2 + L-3] L-1 [L-1 + L-3] L-2

3 LEG IOC [L-1 + L-2 + L-3)






3. Order Type: Quote/ 2-Leg IOC/ 3- Leg IOC

4. Symbol: Symbols listed on Exchange with respect to instrument selected

5. Fields for First Option Order (L-1) & Second Option Order (L-2) & Third Contract Leg

Note: User needs to feed in data only for the first leg.



c. Opt Type : CE/PE





7. Price Type:

a. Conversion: (Call Sell - Put Buy - Future Buy + Strike Price)

b. Reversion: (Put Sell - Call Buy + Future Sell - Strike Price)

6. Pending First Order Conditions

a. Opportunity Check & Difference – This facility will enable the user to define a trigger point in


spread.

Example:

If the targeted difference for a specified spread strategy is Rs.1.5 but the user wants to avoid




i.e. Rs.0.5 as illustrated above.

b. Bidding for Best - Amount by which the order price will be made better.

c. Tick Size – Minimum tick size movement in the underlying to trigger order


d. Depth Up to – Denotes the market depth level from 1 to 5.

e. Threshold Qty - Threshold quantity percentage indicates the quantity availability within market



p. Price Type















phase of quantity.






BUTTERFLY / 3 LEG OPTION STRATEGY



and Pro/Cli with ID

Choose Order Type: QUOTE 2 Leg IOC 3 Leg IOC

Strategy Type Quantity Ratio

BUTTERFLY 1 – 2 – 1 ABSOLUTE 1 – 1 – 1 PROD DIFF 1 – 1 – 1


QUOTE BASED L-1 L-2 L-3 L-2 L-1 L-3 L-3 L-1 L-2

2 LEG IOC [L-1 + L-2] L-3 [L-2 + L-3] L-1 [L-1 + L-3] L-2

3 LEG IOC [L-1 + L-2 + L-3)






3. Order Type: Quote/ 2-Leg IOC/ 3- Leg IOC

4. Symbol: Symbols listed on Exchange with respect to instrument selected

5. Fields for First Option Order (L-1) & Second Option Order (L-2) & Third Option Order

Note: User needs to feed in data only for the first leg.



c. Opt Type : CE/PE





8. Price Type:

a. Butterfly – Desired Price Diff between the three option instruments.


5600 CE Sell 200 100

5700 CE Buy 100 70

Butterfly -20

b. Absolute – Desired Price Diff between the three option instruments


5600 CE Sell 100 100

5700 CE Buy 100 70

Absolute -120

c. Product Difference – Desired Product difference between the three option instruments.{(Buy

value – Sell Value)/Minimum Quantity}

Strike Opt Type Buy/Sell Order Qty Mkt Price Value 5500 CE Buy 100 150 -15,000.00

5600 CE Sell 200 100 20,000.00

5700 CE Buy 100 70 -7,000.00

Product Difference .{(Buy value – Sell Value)/Minimum Quantity} -20

9. Pending First Order Conditions

a. Opportunity Check & Difference – This facility will enable the user to define a trigger point in


spread.

Example:

If the targeted difference for a specified spread strategy is Rs.1.5 but the user wants to avoid




i.e. Rs.0.5 as illustrated above.

b. Bidding for Best - Amount by which the order price will be made better.

c. Tick Size – Minimum tick size movement in the underlying to trigger order


d. Depth Up to – Denotes the market depth level from 1 to 5.

e. Threshold Qty - Threshold quantity percentage indicates the quantity availability within market



q. Price Type















phase of quantity.






15. Reference Point: User can set a Reference point to trigger an order generation.

Depending upon the strategy, user can define the trigger point in Equity, Future or Option

segment to command the Algo for spread order generation.










linux user manual alt z

Documents

order price

option order

order opportunity

leg order type

price type

order executionsequencequote

base order

order net qty