WebOE has been designed to afford the commodity trader access to the US futures markets, whether Electronic future trading, Option trading and commodity trading.

These exchanges include the CME, CBOT, NYMEX, NYBOT, GLOBEX, ACE, EUREX, LIFFE, SIMEX, Sydney, Hong Kong and Tokyo.

WebOE is a browser-based tool thus clients can log on and trade from any location where they enjoy Internet access.

Order activity screens are available to track the status of current WebOE orders, from the time the order is entered until it is filled or cancelled. This technology is designed to display updated information at your request, just by refreshing the screen.

Tracking tools are available to provide realtime quote and to chart the data from your favorite markets.

Users may enter a broad range of order types, including market, limit, and stop orders.WebOE also allows time-limited orders such as day orders or good until cancelled orders.

FEATURES:

  • Access to both electronic markets - 24 hours
  • Place orders from any computer - Browser based platform
  • View account activity
  • View statements
  • Trade directly through the World Wide Web

 

WebOE is a secure web site available only to clients.

First, select the desired order entry page option from the WebOE menu. You have the option of selecting from Future, Future Option, Spread or Spread Option. Also, remember that you can change your default type from your WebOE profile.

In most cases, the account number will be the one in the drop down box, or if you have multiple accounts, you can choose from the list of available accounts from the drop down.

Next, enter the applicable contract data in the corresponding fields. Note that you can view real time quote information by clicking on the WebOE Demo.

When you've finished entering the contract data select Preview Order at the bottom of the page. A page will be displayed showing the order you just entered. Confirm that the order is correct and click on the Send Order button to submit it for processing.

Accessing the profile page allows you to set the following default options:

  • Symbol for a new order. This is selectable from a list of all available contracts that can be traded via the WebOE system.
  • Price type. Choose from LMT, MIT, MKT, MOC, MOO, or STP.
  • Quantity traded.
  • Time in force. Choose from DAY, GTC or GTD.
  • Month format. You can either use 3-character months or the single character symbol.
  • The default start page. Choose from any of the order entry pages or either of the orders pages.

Accessing the quote watch page allows you to set up your quote watch contracts so you can track up to five contracts simultaneously. In addition, once your quote watch is set up, you can trade your tracked contacts with ease by initiating a trade directly from this page. Simply select a contract and click on the 'new order' button.

Entering an option spread order. WebOE offers you the ability to place up to a four-legged option spread.

As above with a futures order, if you manage more than one account, choose the account in which you wish to place the trade from the drop down menu.

Next, enter each leg of the spread by providing the appropriate information into each of the areas from 'Buy/Sell' down through 'Call/Put.' And in the final steps to placing the order, choose the price type from the drop down, choose 'Buy' or 'Sell' to indicate whether you are placing a debit or credit, enter the price differential and, finally, select the order duration.

When you're finished entering the option spread order, select Preview Order at the bottom of the page. A page will be displayed showing the order you just entered. Confirm that the order is correct and click on the Send Order button to submit it for processing.

Many times prior to placing an order you may wish to view a chart of the contract you are interested in trading. You can access the charting functionality quickly by selecting 'Quote' and then 'Chart' from the menu system.

There are two methods by which you can view a chart. The quickest is to enter the contract into the top available box and then click on the 'Get Chart' button. If you are unsure of the contract format or if you wish to modify the chart parameters, you can do so by selecting from the combination of drop downs and entering information into the available areas. Click on the 'Get Chart' button and your customized chart will appear.

Working with the order status. Once the working order screen is displayed, you need to find the order that you are interested in cancelling. Once found, note that in the first column on the left side of the display the options 'Cancel' and 'Change' are displayed as links. Since in this example you wish to cancel the order, you would click on that link.

You would then be taken to a cancel order preview window. After confirming that this is in fact the order that you would like to cancel, simply click on the Cancel Order button to submit the cancellation request.

Lastly, a cancellation confirmation window will appear and the status of that order would be automatically changed from working to dead. It would then be viewable on the Dead Order page.

This is one of only several methods for cancelling an order via WebOE.



 

 

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WebOE is a secure web site available only to clients.

About ClearTrade WebOE

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The Joss Report was first published as a traders' commodity newsletter in 2000. Since that time, our research has continued to evolve into an important source of technical insight for many commodity brokers and futures traders

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