Deal DMA Shares

There are a number of ways of trading DMA shares in L2. You can place trades through the standard deal ticket, through the dealing ladders and also through the Watchlist Pro.

Deal Ticket

The Deal Ticket is the base from which you specify all details of the order you wish to place in the market. The deal ticket is attached to the L2 screen and is always accessible by expanding the "Deal Ticket" section. You can quickly open and populate the Deal Ticket by double-clicking on a price in the pricing screen.



Dealing DMA

To place a DMA order using the Deal Ticket:

1) Monitor the price and size of the best bid and offer on the touch strip.
2) Use the 'Direction' buttons to select Buy or Sell, and then select your Order Type using the drop-down menus.
3) Use the size and price boxes to specify the number of shares and price level of the order you wish to deal; you can also set the price level by using the ladder icon next to the price box.
4) To specify size, you can either type the figure into the dialog box or use the numerical grid. Here, the predefined quantities are displayed in thousands so, for example, clicking on '5' will populate the 'Quantity' field with 5,000.
5) When placing an Iceberg Order – your order is divided into smaller tranches to hide the real size of your order from the market. Enter how much of your order is to be held in each tranche in the 'Tranche Qty' field, or use the spin buttons to toggle through the pre-defined options.
6) Any user who manages multiple accounts will also have the option to select an account, or profile, on which they wish to trade.
7) Once you are happy with everything, click 'Proceed'.

Note: Corporate users of the system will see a drop down list below this allowing them to select which accounts to trade on. For the private users, this does not appear (as above). More details can be found regarding this in the Corporate Dealing section.