![SPREAD
Difference Type & Difference
Amount
Absolute Difference
Choose Your Strategy Choose Order Type:
Absolute Ratio
Choose Your Exchange QUOTE
Product Diff
and Pro/Cli with ID IOC
Leg Combo:
Order Execution
Sequence
QUOTE BASED
L-1 L-2
L-2 L-1
2 LEG IOC
[L-1 + L-2]
Leap & Jump
Opportunity Check: Profit Diff: Reversal Profit Amount Reference Point for
Trigger Point for Order Net Qty: Shifting Point for diff Amt Order Generation
Generation Jump Diff: Change Figure for Diff](https://image.slidesharecdn.com/linuxusermanualaltz-130408012551-phpapp01/85/Linux-user-manual-alt-z-3-320.jpg)
![TRIANGLE
Choose Order Type:
Strategy Type
Choose Your Strategy QUOTE
2 Leg IOC Conversion
Choose Your Exchange Reversion
3 Leg IOC
and Pro/Cli with ID
Leg Combo:
Order Execution
Sequence
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)
Leap & Jump
Opportunity Check: Profit Diff: Reversal Profit Amount
Trigger Point for Order Net Qty: Shifting Point for diff Amt
Generation Jump Diff: Change Figure for Diff](https://image.slidesharecdn.com/linuxusermanualaltz-130408012551-phpapp01/85/Linux-user-manual-alt-z-11-320.jpg)
![BUTTERFLY / 3 LEG OPTION STRATEGY
Choose Order Type: Strategy Type Quantity Ratio
Choose Your Strategy Choose Your Exchange
QUOTE BUTTERFLY 1–2–1
and Pro/Cli with ID 2 Leg IOC ABSOLUTE 1–1–1
3 Leg IOC PROD DIFF 1–1–1
Leg Combo:
Order Execution
Sequence
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)
Opportunity Check: Leap & Jump
Trigger Point for Order Profit Diff: Reversal Profit Amount
Generation Net Qty: Shifting Point for diff Amt
Jump Diff: Change Figure for Diff](https://image.slidesharecdn.com/linuxusermanualaltz-130408012551-phpapp01/85/Linux-user-manual-alt-z-18-320.jpg)
Linux user manual alt z
- 1. ALT + Z _____________________ USER MANUAL
- 2. 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.
- 3. SPREAD Difference Type & Difference Amount Absolute Difference Choose Your Strategy Choose Order Type: Absolute Ratio Choose Your Exchange QUOTE Product Diff and Pro/Cli with ID IOC Leg Combo: Order Execution Sequence QUOTE BASED L-1 L-2 L-2 L-1 2 LEG IOC [L-1 + L-2] Leap & Jump Opportunity Check: Profit Diff: Reversal Profit Amount Reference Point for Trigger Point for Order Net Qty: Shifting Point for diff Amt Order Generation Generation Jump Diff: Change Figure for Diff
- 4. 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
- 5. 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
- 6. h. Absolute Ratio – Desired Price Ratio between the two instruments (Higher Price/Lower Price) Strike Opt Type Buy/Sell Order Qty Market Price 5500 CE Buy 100 150 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. 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.
- 8. 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.
- 9. 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 : -
- 10. 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
- 11. TRIANGLE Choose Order Type: Strategy Type Choose Your Strategy QUOTE 2 Leg IOC Conversion Choose Your Exchange Reversion 3 Leg IOC and Pro/Cli with ID Leg Combo: Order Execution Sequence 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) Leap & Jump Opportunity Check: Profit Diff: Reversal Profit Amount Trigger Point for Order Net Qty: Shifting Point for diff Amt Generation Jump Diff: Change Figure for Diff
- 12. 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 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. 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
- 13. e. Total Qty : Total No. of Lots to be executed f. Order Qty : No. of Lots per order 6. Base Order : Leg Combo for Order Execution Sequence 7. Price Type: a. Conversion: (Call Sell - Put Buy - Future Buy + Strike Price) b. Reversion: (Put Sell - Call Buy + Future Sell - Strike Price)
- 14. 6. Pending First Order Conditions a. 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.1.5 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
- 15. order generation if the ongoing market difference is beyond the opportunity difference Amount 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 generation/modification 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 depth mentioned into Depth Up to column. 7. Pending Second Order Conditions p. 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.
- 16. iv. Actual diff – Submit against order at the actual difference set by the user, considering the avg. trade price of counter order. 8. Timer - denotes the time interval within which pending orders will be modified. 9. Mod count - denotes the number of modifications for the pending order. 10. Market Order Upto – denotes the amount by extent to which the order price generation will be made better than the last generated order price. 11. 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.
- 17. 12. Strategy Name: For easy identification, facility is provided to name a particular strategy. 13. Add: Adds the new arbitrage opportunity setting to the arbitrage Grid 14. Update : Modifies any previously added settings to the arbitrage Grid 15. Remove: Removes any previously added settings from the arbitrage Gird 16. Clear All: Removes all arbitrage settings from the arbitrage Gird 17. Start : Starts calculating the opportunity and submission of the orders 18. Stop: Stops calculating the opportunity. Calling this will cancel all pending orders from order book operated by the arbitrage module 19. Hide: Hide the active strategy window
- 18. BUTTERFLY / 3 LEG OPTION STRATEGY Choose Order Type: Strategy Type Quantity Ratio Choose Your Strategy Choose Your Exchange QUOTE BUTTERFLY 1–2–1 and Pro/Cli with ID 2 Leg IOC ABSOLUTE 1–1–1 3 Leg IOC PROD DIFF 1–1–1 Leg Combo: Order Execution Sequence 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) Opportunity Check: Leap & Jump Trigger Point for Order Profit Diff: Reversal Profit Amount Generation Net Qty: Shifting Point for diff Amt Jump Diff: Change Figure for Diff
- 19. 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 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. 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
- 20. f. Order Qty : No. of Lots per order 6. Base Order : Leg Combo for Order Execution Sequence 8. Price Type: a. Butterfly – Desired Price Diff between the three option instruments. Strike Opt Type Buy/Sell Order Qty Market Price 5500 CE Buy 100 150 5600 CE Sell 200 100 5700 CE Buy 100 70 Butterfly -20
- 21. b. Absolute – Desired Price Diff between the three option instruments Strike Opt Type Buy/Sell Order Qty Market Price 5500 CE Buy 100 150 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
- 22. 9. Pending First Order Conditions a. 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.1.5 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.0.5 as illustrated above. b. Bidding for Best - Amount by which the order price will be made better.
- 23. c. Tick Size – Minimum tick size movement in the underlying to trigger order generation/modification 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 depth mentioned into Depth Up to column. 10. Pending Second Order Conditions q. 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. 11. Timer - denotes the time interval within which pending orders will be modified.
- 24. 12. Mod count - denotes the number of modifications for the pending order. 13. Market Order Upto – denotes the amount by extent to which the order price generation will be made better than the last generated order price. 14. 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. 15. Reference Point: User can set a Reference point to trigger an order generation.
- 25. Depending upon the strategy, user can define the trigger point in Equity, Future or Option segment to command the Algo for spread order generation. 16. Strategy Name: For easy identification, facility is provided to name a particular strategy. 17. Add: Adds the new arbitrage opportunity setting to the arbitrage Grid 18. Update : Modifies any previously added settings to the arbitrage Grid 19. Remove: Removes any previously added settings from the arbitrage Gird 20. Clear All: Removes all arbitrage settings from the arbitrage Gird 21. Start : Starts calculating the opportunity and submission of the orders 22. Stop: Stops calculating the opportunity. Calling this will cancel all pending orders from order book operated by the arbitrage module 23. Hide: Hide the active strategy window