Trading Platforms

Hotspot FXr
Multi-bank platform with "best" bid and offers..........

The Hotspot FX Trading Platform is a system that enables users to trade in real time, and allows clients to place live bids and offers. All buy and sell requests are executed in the order in which they are received, without regard to the identity of the client or size of the order.

Platform Functions:

Trade Entry Screen
Open Positions Screen
Deal log
Average Log
Account Balances screen
REAL Time FX News

Trade Entry Screen
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The Trade Entry screen is the primary trading screen for the system. You can add, subtract, or reorder the view of currencies on the screen. This screen displays the full depth-of-market, all bids, offers, and available quantities. Bid and offer quantities are color-coded for instant recognition. Users can enter bids and offers via the Trade Entry screen as well as execute trades on live prices instantaneously.

The Trade Entry screen is designed to provide you information and visual cues so that you can react quickly to changes in the market.

There are two distinct areas within the Trade Entry screen:

The white center area is the dealing area.

The outside areas framed in black provide color-coded available bid and offer information.

Display of Bids and Offers

The black area to the left side of the display is for bids, and the right is for offers. Each bar in the black areas denotes a quantity of bids or offers. These bars are color coded to show the amounts (in millions) at a given price. The table below explains the color codes.

TABLE 1: Bids and Offers Color Code
Color Code	Description
Purple	0.1 to 4.9 million
Green	5.0 to 9.9 million
Blue	10.0 to 19.9 million
Red	20.0 million and above

Above each bar is a number in white that indicates how many bids or offers are on the price. Below the bar is a number that indicates the price for the bid or offer. For example, below there are

one bid for the amount of 10 million at a price of 1.2008
one bid for the amount of 2.5 million at a price of 1.2007
one bid for the amount of 3 million at a price of 1.2003
one offer for the amount of 10 million at a price of 1.2011
one offer for the amount of 0.9 million at a price of 1.2030

Note: at either end of the bar are scroll arrows that let you move horizontally along the bar.

Bids and Offers Totals

The left side of the Trade Entry screen displays the total number of bids and the total quantity outstanding. On the right side, the total number of offers and total quantity are displayed.

Best Bid and Offer in the Market

The inside boxes show the best bid and offer currently in the market.

If you click on the price, you can buy or sell at that rate.

Open Positons Screen
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Users can monitor open positions including average price (break-even rate) and current market price, and test profit and loss scenarios in the Open Positions screen which is shown below.

As deals and orders are executed, the Open Positions screen is automatically updated. Positions that are carried forward to the next trading day (open positions) will be revalued at the end-of-day rate. When users begin a new trading session, the position(s) from the previous day are revalued automatically to the close of the previous day.

Following are details of the Open Positions window:

TABLE 2: Open Positions Window
Column	Description
CCY	The currency pair.
Position	The current long or short position of base currency.
Avg Px	The average price of all deals transacted for the CCY for the current trading day.
Mkt Px	The current market price for the CCY.
P/L	Profit or loss of today's trading activity including marked to market of all open positions.
Test Px	Hypothetical price for an open CCY position, input by user.
Test P/L	Resulting hypothetical profit or loss derived from Test Px input.
Counter Pos	Equivalent amount of secondary currency, long or short.

Deal Log
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The Deal Log, which is shown below, provides users with a way to see a record of all their trades updated in real-time.

The Deal Log lists all the deals that have been transacted in your account. The deals are listed from top to bottom in the order in which they were transacted. The log gives details of each transaction.

Following are details of the Deal Log window:

TABLE 3. Deal Log Window
Columns	Description
CCY	Currency pair transacted.
B/S	Buy or Sell. Whether base currency was bought or sold.
Amount1	The amount of base currency transacted.
Rate	The rate at which the deal was done.
Amount 2	The equivalent amount of the secondary currency.
Deal no.	The deal number (transaction number) for the trade.
Date	The date the deal was transacted.
Time	The time the deal was transacted.
V Date	The value date of the deal.

Average Log
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The Average Log provides users with a tool to select a group of trades to calculate the average of the trades. The trades will not be processed as an average trade.

Following are details of the Average Log:

TABLE 4. Average Log
Columns	Description
CCY	Currency pair transacted.
B/S	Buy or Sell. Whether base currency was bought or sold.
Amount1	The amount of base currency transacted.
Rate	The rate at which the deal was done.
Amount 2	The equivalent amount of the secondary currency.
Deal no.	The deal number (transaction number) for the trade.
Time	The time the deal was transacted.
V Date	The value date of the deal.
Average	Is where you select whether to include a trade as part of a single trade at a single price. This column will be either Yes, Average, or Select.
Process	Indicates the status of the trade: either Processed, Pending, or Select.

Account Balances Screen
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The Account Balances screen shows the size of the actual exposure.

This summary area is automatically updated as trades and orders are executed. Daily profit/loss and total open exposures are reflected in the account balance. All figures are in US Dollars.

Following are details of the Average Log:

Table 5: Account Balances Window
Column	Description
Opening Account Balances	The actual amount on deposit at start of business day.
Today's Profit/Loss	The profit or loss of today's trading activity including marked to market of all open positions.
Total	The sum of the opening balance and daily profit/loss.
Max. Margin Exposure	The maximum available net position derived from the Total and from your margin requirement.
Actual Margin Exposure	The total net amount of all current open positions.
Collateralization%	The percentage of margin utilization on your account. 100 % indicates that your account is fully margined; all account funds have been applied to fund positions. A percentage below 100 % indicates that the account may need to be replenished with funds (additional funding may be required or, open trade positions may need to be reduced or closed). Capitalization % is marked to market, real time.
Available Exposure Size	The difference between the Total Possible Position and the Total Open Position. This is the maximum size of any deal that increases the net open position.

Real-Time FX News
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Use the News button to access the FX News window. This feature provides you the ability to view the news headline and the full news story. In addition, you can retrieve news of the three previous days by clicking the Archive link on the bottom of the News window.

Hotspot FXr Multi-bank platform with "best" bid and offers..........

Trade Entry Screen Top