Lightspeed Trader Guide

1. Index bar: The Index Bar may contain index information, your marked P&L (open plus closed P&L), open positions, open orders, and more. Right-click and select Settings to customize the Index Bar. Select from the menus in the top left corner to navigate Lightspeed Trader. For example, use the Page menu to start new Pages, the New menu to open new windows, and the Windows menu to see what windows you currently have open.

2. Orders window: This window is used for viewing all orders. Green orders are complete, Yellow is partially complete, White is pending/open, and Red is canceled. You can modify this coloring or filter the window to only display specific activities such as open and executed orders by right-clicking and selecting “Change Display.”

3. Messages window: This window is a running log of Lightspeed Trader activity. Keep this window open for important messages from the Lightspeed team or for reject reasons on any rejected or canceled orders (the U R OUT…message means an order has been canceled successfully).

4. Order Entry window: The OE Window is one of several different ways you can place orders in Lightspeed Trader. You can toggle the symbol, share size, price, order type (market, limit, stop), and destination. The default destination for market and limit orders is LSPT, a low-cost route exclusively for Lightspeed Trader customers. For a list of all of the destinations users can access and the routing fees that may be associated with them, click here.

5. Market maker box – Level 1 & Level 2 Components: This window provides a comprehensive view of a symbol’s activity. The upper half of the window contains Level 1 data including the opening price, yesterday’s closing price, and the high/low for the day as well as marginability, and borrow ability indicators (for short sales). The lower half of the window will provide Level 2 information, which shows full market depth.

6. Hot buttons: The Hot Button window lets you execute any predefined or custom-made order types or commands with the click of a button. The Hot Button window displayed contains 3 preconfigured buttons:

• Market Buy / Sell 100 Shares: Clicking these buttons will send a market order to buy or sell 100 shares using the LSPT order router.
• Cancel All Orders: Cancels ALL open orders.

7. Watchlist window: Use the Watchlist window to monitor any list(s) of symbols. Right-click on the watchlist window to add and remove symbols, customize the window by changing fonts, or select from hundreds of available columns. Copy and paste symbol lists to or from any other Lightspeed Watchlist or from any 3rd party application.

8. Positions window: This window displays your open and closed positions. Configuration changes will allow you to sort and filter this window and add/remove columns.

9. Account Summary window: This window displays important trading statistics such as equity, buying power, and closed and open P&L. Information can be added by right-clicking and selecting “Change Rows.”

10. Pages: Lightspeed Trader allows you to maximize screen space by having multiple pages with different layouts. The Hot Button window seen here has organized 2 separate pages designed specifically for trading Equities and Options. You can also switch pages by using the Page Menu in the top left corner of your screen.

11. Chart window: Use the buttons at the bottom of the window to flip between different time frames or create your own time frame buttons. Different chart styles are available such as candles, lines, and mountain views. Time frames, studies, colors, and chart types can also be configured by right-clicking.

Keyboard trading:

For rapid order entry, users can map any of our predefined or custom-made order types or commands to a key on the keyboard via the Keyboard Tab. Select Utilities -> Configuration Settings from the menu in the top left of the main toolbar (#1 above) to access the Keyboard Tab. You will find many predefined order types for executing and canceling orders as well as other trading and non-trading functions.

Note: Tier Size Orders are based on a default size that the user can configure in the Tier Size Tab. By default, each tier size is equal to 100 shares.

To map/unmap specific keys:

1. Select the order/function key available in the right column.
2. Select an available trigger key located in the left column.
3. After selecting both an order type/ command from the right column and a key from the left column, select “map” which will be in the center of the window.
4. To unmap, select the mapped function key located in the left column and then click “unmap”.