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Investor/RT
What's New in Version 3.6
The new features and miscellaneous enhancements outlined below were
introduced in the 3.6 Version.
Product Enhancements for version 3.6:
Release Date: April 23, 1999
- NASDAQ
Level II Screens (tour
screenshot)
To view NASD Level II for a particular NASD stock, right click on the ticker symbol
in any quote page, portfolio, or instrument selector list and choose "NASDAQ
Level II" from the popup menu. On Macintosh, use command-click to access the
menu.
NASDAQ Level windows in Investor/RT show the current bid/ask and bid/ask sizes for
each market maker for a particular NASD stock. The window updates tick by tick
as trades occur and as level II data arrives on the data feed. Current market
data including the bid tick indicator are displayed at the top of the window. The
market makers on the bid side are listed on the left side of the window
ordered from best bid (highest bid) descending. The market makers on the ask size
are listed on the right side of the window ordered from best ask (lowest ask)
ascending. The first five levels of bid/ask prices are color coded with all
market makers bidding or asking the same price have the same color code.
In addition, Investor/RT shows a histogram that provides a graphical perspective on
the proportion of volume (bid/ask sizes) at each of the top four prices levels. The
bid sizes are shown on the left and the ask sizes are shown on the right. The
bid/ask boundary point of the histogram shifts left and right as trading occurs to
provide an overall picture of the ratio of bid size to ask size for the first four
price levels as a whole.
NASDAQ Level II data is available with three data services supported by Investor/RT:
eSignal, myTrack, and DTN. All three are supported on the Windows platform.
DTN and myTrack Level II data is available for the Macintosh platform as well.
- New Chart Type: Raw
Tick (tour
screenshot)
Investor/RT has always supported tick charts as one of the available
periodicities within an Investor/RT chart window. This kind of tick chart uses
a fixed time interval on the horizontal axis, just like intra-day bar charts where
the "distance" in time between ticks can be perceived by the therelative
distance between the ticks in the chart. The "Raw Tick Chart" is a new
kind of Investor/RT chart window that takes a different approach to the
display of tick by tick data. The ticks are equally spaced across the window as
opposed to being spaced in a time dependent manner. During trading hours the
raw tick charts update tick by tick. The user may adjust various parameters such as the
size of the tick marker, the spacing between ticks and whether or not to show a
volume histogram in the background of the chart window. Default preferences
are specified using Setup: Preferences: Charting, Raw Tick. Preferences for an
existing raw tick chart window are adjusted using the keyboard or by right
clicking (or double clicking) in the chart window to view the settings window. The
up/down arrow keys adjust the spacing between ticks and the left/right arrow keys
adjust the size of the tick marker. Another option of the raw tick chart is
to either show every tick or just those ticks that differ in price from the
preceding tick. The user can toggle between the two using the tab key to see the
effect.
Raw tick charts like all other chart window types can participate in user defined
layouts. They may be saved under a user specified name, and recalled from the
Open:Chart menu.
- Improved Ticker Tape
Object
After market hours, the prices are shown in the up and down
colors based on the user color preferences in Setup: Preferences: Quote Page
Preferences. The color can be based on whether is issue is up or down relative to
either the open price of the session or the closing price of the previous
session. During market hours the trades appearing in the ticker tape are color coded
according to the bid tick indicator (the direction of the last trade up or down).
The bid tick indicator (plus or minus sign) is also shown after the tick
volume for equities. The ticker tape has been improved to scroll more smoothly from
right to left as trades occur. The tape automatically adjusts its scrolling speed to
the pace of the trades that are occurring. For ticker tapes monitoring a list
of very actively traded equities, it is recommended that the tick volume limit be
used. Otherwise the tape may scroll too quickly to be useful. See below for
instructions on setting the tick volume level.
- Improved Instrument
Selection
Improved instrument selection object. The instrument selector used throughout
Investor/RT has been improved to enable the user to select subsets of the universe
of tracked instruments. The instrument selector appears in quick quote
windows, order desk windows, export and view/edit dialogs, etc. Normally, the
instrument selector lists all tracked instruments. A popup menu has been added to
the instrument selection window. To access the menu, right click on a column
title (ticker or name). On Macintosh, use command + click. There are menu choices
for stocks, futures, options, indexes, all instruments with alarms, intraday
instruments, etc.
- New "Multi Link"
Feature
The multilink feature enables you to quickly insert a particular instrument into
all open chart windows, quick quotes, and NASD Level II window. The multilink
command is available in the popup menu when you right click on a ticker symbol in a
quote page, portfolio, or any instrument selectioin list. Mac users must
command-click. The selected instrument is inserts into all open chart windows. These
include bar, line, candle, day bar, point and figure, market profile, and volume
profile charts. In addition, the selected symbol is selected in any open quick
quote window and Level II window. This feature is designed to enable you to have a
variety of chart types in view and quickly update all windows to study a
particular instrument.
- Custom Instrument Improvement
When defining custom instruments, the user may now specify which price
component to use (last, bid, ask, high, low, etc.). This enables the user to define
custom instruments that track, for example, the spread between the bid of one
instrument and the ask of another, a useful indicator in ptions trading.
Price component may also include adv nces, declines, unchanged. These are
properties of sta istical instruments sent by some data services, notably D N. Thus
it is possible to track the NYSE advance decline line in real-time, even with
data services that send the advances and declines in a single ticker like DTN does.
- New Data Columns For Options
Contracts
Two new data columns have been added to Investor/RT for options instruments
(stock options, index options, and future options). Underlying ticker is the ticker
symbol of the stock, index, or futures contract that underlies the option. Option
Type (put or call) shows, for option instrument whether the option is a put
or call. These two data columns must be setup properly when defining new options
contracts to Investor/RT if you wish to have the software properly calculate
the various option analysis values (implied volatility, theoretical value, beta,
gamma, and other "greeks"). The underlying ticker and option type columns
are setup for you automatically if you use the Setup menu to define the
options. If you define an options contract directly by typing a new ticker into a
quote page it will be necessary for you to setup these values manually. This can be
done by adding the Option Type and Underlying Ticker data columns to the
".Options" quote page and entering the values directly into the quote page
cells. When entering the option type you may type just a p or c for put or call. If
you use the Setup: Instruments window to define a new option contract you may
begin the name of the option with the ticker of the underlying and include the word
"Put" or "Call" elsewhere in the name and Investor/RT will setup
the underlying ticker and option type automatically by infering these from the
supplied name. User that wish to display or scan using options analysis data values
should add the Underlying Ticker and Option Type data columns to the
".Options" quote page and review the entire quote page to assure that the
correct values are set for each option. Prior to version 3.6, Investor/RT relied on
the security name field of options contracts to supply the ticker symbol of
the underlying instrument and to specify whether an option was a put or call.
This improvement make option analysis possible even when the name of an option is
not in the Investor/RT prescribed format such as is the case with some data
services that transmit security names for options instruments
- Revised Control Menu
The Investor/RT Control Menu has been revised and one new function has been
added. The "Run Scan" menu item has been moved to the File Menu. It can
still be accessed by the keyboard shortcut Alt+R (or command+R on Macintosh). The
Control Menu now has two submenus, "Data Management" and
"Database Utilities". The Database Utilities menu was formerly called
"Database Functions" and contains the same menu items. The Data Management
menu contains the following menu items:
Verify This new function scans all the historical data on the database for
consistency and makes minor repairs if necessary. Daily, weekly, monthly, tick data,
and intra-day bar data are verified.
Delete.... Shows a sub-menu for deleting information from the
database, e.g. quote pages, scans, historical data, etc.
View/Edit.... Open the View/Edit Setup window
Download... Opens the Download Data window
Adjust for splits Opens the split adjustment window.
Save current prices Formerly named "Save Quotes", this
menu items causes all current market data to be written to the database. This
function is performed automatically when Investor/RT quits or when historical
data is posted to the database at the session posting time.
Record Closing Prices Formerly named "Post History",
this menu item causes the current market data to be recorded in the daily, weekly,
and monthly historical record for each instrument. This function is performed
automatically at the user specified session "post time". If closing prices
are downloaded after the automatic posting time, this command should be issued to
update the historical data for each instrument after downloading closing prices.
- New System Defined Quote
Page
New system defined quote page A new system defined quote page, ".Custom
Instruments" has been added. This quote page lists all of the user-defined
custom instruments for quick references. When you right click on a custom
instrument in this or any other quote page and choose Setup, Investor/RT will now
take you to the Setup: Custom Instruments window and show you the definition of
that custom instrument.
- DBC Data Manager
Improvements
Investor/RT now supports the very latest DBC supplied access software for
connecting to the DBC Data Manager. For eSignal users, this new access software enables
Investor/RT to also connect to the DBC historical server, tick data server,
NASD Level Ii server and historical news server. For example, to request historical
news for a particular instrument simply right click on the ticker in a quote page
or portfolio and choose "Download News" from the menu that appears.
Similarly to access Level II information for a NASD stock, right click on it and
choose "Level II" from the menu.
The DBC Data Manager setup window (under Setup: Preferences) has been improved.
There are now options for connecting to eSignal through a proxy server and for
starting the Data Manager automatically when Investor/RT Starts up.
- Object Menu Renamed
"Open"
Object menu renamed "Open" The "Object" menu has been
renamed "Open" to better reflect its purpose, i.e. to Open windows of a
certain type that have been previously saved in the database. The "Delete"
command, formerly in the Objects menu, has been moved to the Control Menu
under "Data Manager". All data management functions are now listed
together in one menu (the Data Management menu) and all access to saved definitions
in the database is handled via the Open menu.
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