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Trading in Active Trader Pro | Fidelity - YouTube
Channel: Fidelity Investments
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Active Trader Pro lets you trade the way you want
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by offering a full range of trading functionality for equities,
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ETFs, mutual funds, and options.
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Use the single trade ticket or more advanced tools to
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quickly place trades.
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In this video you will learn to leverage Active Trader Pro’s
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single, multi-trade, and directed trading capabilities to
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enhance your investing experience.
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In a separate video, learn about Trade Armor, a way
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to explore and visualize potential profit and loss
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scenarios to help make trading decisions and
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manage risk.
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The single trade ticket is compact, easy to use, and
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accessible from multiple locations. For example, you can
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select the Trade icon in the top navigation or launch it with
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a single click from other tools, such as Positions or Quote.
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Let’s get started by selecting Trade & Orders, then Trade.
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In the Trade window, begin by selecting the account you
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wish to trade from.
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Your default trading account along with many other preferences
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may be set using the features in Trade Settings.
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Notice, when viewing your account information that both
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margin and non-margin buying power are
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immediately displayed.
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Next, enter the symbol you wish to trade.
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Remember the single trade ticket supports equities,
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options, ETF’s and mutual funds.
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For example, let’s use EMC.
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Once the symbol has been entered, a streaming quote will
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display at the bottom of the ticket to help determine
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the right time to place your order.
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If you no longer wish to view the quote data,
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this portion of the window may be collapsed.
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Select your Action, let’s place a sell order.
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Enter a value in the Quantity field.
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Notice, your held position quantity is displayed along
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with a button which allows you to access
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tax lot information, if applicable.
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If you’d like to identify specific lots for tax reporting
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purposes, select the LOTS button.
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Now, choose an Order Type. Let’s select Limit.
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Depending on the selection, the relevant fields below will
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change dynamically.
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For a Limit, the remaining fields to complete include:
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limit price, a Time in Force, as well as any Conditions that
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you may require.
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Once you have completed all the necessary fields, select the
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Preview button to view your trade.
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If you wish, you can adjust your Trade Settings to
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skip the trade preview and the trade confirmation steps.
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Now you are ready to place the trade, or go
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back and make changes by clicking edit.
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After placing the trade, an order confirmation number is
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displayed along with quick links to New Trade, Set Alert,
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Orders, and Trade Armor.
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Taking this one step further, click the Orders link to view
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your order status.
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Here you see all open orders, as well as any
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cancelled or executed orders from today.
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To view only orders with a specific status, right click,
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select settings, and select the statuses you wish to view.
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You can also choose to display each order on a single or
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multiple line.
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You will notice that some orders have a green icon
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to the right of the Order Status.
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This denotes price improvement, which is an indication of
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the dollar savings received versus the quote at the time
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your order was submitted.
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Fidelity works with market centers to ensure that you
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receive the best possible execution quality.
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Mouse over the icon to see the amount of price
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improvement you received on the order.
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Let’s move from the Trade Ticket to the Multi-Trade Ticket.
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This feature allows you to easily handle multiple trades
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at once or store multiple trades.
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You can stage and save up to 50 trades and
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then choose which orders to place and when.
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Click Add Order.
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Notice that a new row appears.
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Begin by selecting an account.
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and easily tab from one field to the next
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to enter the details for the order.
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This includes Symbol, Action, Quantity and Order Type.
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Based on the order type, only relevant fields will display.
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For any order that is partially entered, any missing details
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will display in brackets.
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Let’s look at an easy way to seed multiple symbols
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or positions to the multi-trade ticket.
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From Watch list or Positions, use the shift key,
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then click or the control key then click to select
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the securities you’d like to trade.
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Then right click and select Trade.
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Your selected securities are now added to the
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Multi-trade window.
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You can submit one or many orders at once.
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To do so, simply select the appropriate check boxes
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to multi-select your trades.
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To delete an order,again, select the appropriate check box
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and then click on Delete Selected Orders.
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Any orders left in the multi-trade ticket will be
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automatically saved,even after logout.
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Another powerful tool within Active Trader Pro is
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the Directed Trading, which offers direct access to
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exchanges, ECNs and advanced routing algorithms.
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This ticket also gives you Extended Hours Access to the
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markets, from 7am to 8 pm eastern time.
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You will notice the integrated depth of book displayed
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at the bottom of the directed trade ticket.
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This feature gives you insight into liquidity both at
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and away from the inside market for the security.
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Time and sales is also integrated and displayed to the
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right of the book for a clear view of trade size
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and price as transactions take place.
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You can locate historical time and sales under
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the Quotes & Watch List menu.
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Click on the order book to populate your trade ticket
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with action, quantity, and route.
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Directed trading offers a variety of routing destinations such
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as Archipelago and NASDAQ, but also offers advanced,
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intelligent order routers like the Fidelity Dynamic Liquidity
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Manager (FDLM) that attempts to provide access to
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displayed liquidity through ECNs and Exchanges as well as
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non-displayed liquidity through “dark pools”.
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The directed trade ticket also supports advanced order
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types, such as reserve and pegged orders.
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For example, use reserve orders to hide
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your order size from the market.
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You can enable advanced order types from within Directed
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Trade Settings.
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Right click to access the Settings options, and then select the
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the Order Types tab.
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Another tip in the Settings is to create short cut buttons that
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will be displayed on the directed trade ticket allowing
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single click order entry.
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Simply follow these steps:
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Click the plus sign, select a shortcut type, enter a quantity,
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and select a route.
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Then click Apply.
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Active Trader Pro’s powerful trading capabilities allow you
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to quickly capitalize on your decisions.
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Leverage the different tickets and custom
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settings to make the most of your trading experience.
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