New Features in TradeStation
A number of enhancements will be released to the TradeStation platform in December 2015.
Multi-screen support for charts in desktop browsers:
TradeStation will allow the chart to be opened in a separate browser window and located on a separate screen.
Chat in TradeStation: Chat will be released on the TradeStation platform on 13 December 2015, allowing users to chat directly with Trading Support.
Instrument search improvements in TradeStation: Search throughout the TradeStation platform will be improved by collapsing secondary listings of an instrument beneath a primary listing:
- Simplifying the search results
- Making it easier to select the primary listing
- Still offering easy access to secondary listings of the stock by un-collapsing results.
Secondary stock listings: Secondary stock listings will be collapsed, simplifying the search results.
Futures contract expiries: Different expiries of futures contracts will be collapsed beneath the front-running contract with the nearest expiry date, greatly simplifying the search results.
Futures spread months: Different month combination of futures spreads will be collapsed beneath the front-running spread with the nearest expiry dates, greatly simplifying the search results.
Retirement of GTS WebTrader & MobileTrader
Following the successful rollout of the new and improved Global TradeStation, the GTS WebTrader & MobileTrader platforms will be discontinued on 31 December 2015. We therefore urge you to move to the updated Global TradeStation platform and Global TradeStation Pro desktop platform as soon as possible.
All Single Stock CFDS Routed Directly to Market
Due to improvements in speed of execution, Smart Routing and changes in the regulatory environment, Global TradeStation (GTS) will no longer be a Market Maker for stock CFDs from Monday 14 December 2015. Instead, we will be offering single stock CFDs on a pure Direct Market Access (DMA) basis where all stock CFD orders will be routed directly to the market.
This will mean that single stock CFDs will no longer be available on Live (Green) tradable prices but will be traded through Market, Limit and Stop orders.
Non-stock CFDs not affected
Trading in other CFD types will be unaffected and will continue to be available on live green prices including:
- CFD Indices
- CFD Commodities
- CFD Forex
- CFD Interest Rates and Bonds.
Stop Orders to be Decommissioned on Exchange Traded Options
Stop orders will be decommissioned on Exchange Traded Options (ETOs) from 12 December 2015.
Stop orders are triggered if a minimum trade of one lot in the instrument is actually traded in the market. As option prices are calculated on the underlying stock or futures price, the ETO can reach the stop price but not be triggered as no one is actually trading at that expiry/strike/price. To avoid unexpected trading behaviour, we will remove Stop order types (stops and trailing stops) on ETOs (stock options, futures options and index options) from 12 December 2015. ETOs will then only be tradable using market and limit orders.
After the close (NYSE) on Friday 11 December 2015, all existing stop orders on ETOs will be cancelled.
Side-based P/L Calculations for Forex
From January 2016, P/L on open Forex positions shown in Positions lists will be calculated using the actual Bid or Ask close price instead of the mid-price in all GTS. This means that:
- The close price shown in the Positions list will show the price to close the position (Bid for long position, Ask for short positions)
- P/L will be calculated using the Bid/Ask close price
- % Price will be calculated using the Bid/Ask close price.
This will give a more accurate representation of the P/L that will be booked on the account.