Introduction

Also known as Time & Sales, or simply 'the tape', the MMT 'Trades' widget provides you with a dedicated, raw, real-time feed of market orders for your selected market.

Each individual market order executed, is time-stamped; recording the price, quantity and direction that took place for each trade. Abnormalities in the speed and volume of transactions that are executed, particularly when trending in a particular direction, can often be used as confluence to aid an order flow traders' decision making.

'Trades' Widget Elements

Although the MMT 'Trades' feed widget is relatively straight forward to understand, in this section we will examine each element in detail.

Price Column

The first column on the left, indicates the price in which a trade took place. The price of each executed trade is displayed in either red or green.

• If price is shown in green, this indicates the order was a market buy.
• If price is shown in red, this indicates the order was a market sell.

Qty / Quantity Column

The second, or middle column shown within the MMT 'Trades' widget, displays the quantity or size of each market order that was executed.

Whilst the values shown within the quantity field can be compared with one another numerically, the speed and flow of trades, particularly during bouts of volatility, can make such comparisons difficult. To address this, the size or quantity of each market order - regardless of direction - is graded based upon a trailing recording of the largest and smallest market orders.

Each row of the trade feed data has its background color graded, to allow a digestible visual comparison of the quantity executed with each market order. The larger the quantity traded, the brighter the color grade that is applied to the row. Equally rows with only a tint of color indicate a comparatively smaller order than the trailing average.

Time Column

As the name suggests, the Time element of the 'Trades' widget displays the time in which the trade was executed. By default, the timestamp shown within the time column, is displayed using the UTC timezone.

Activating the Trades Widget

To activate the MMT Trades widget, navigate to the main menu, located at the very top edge of the Terminal. Upon selecting the Trades widget button, the market sub-menu selection will be displayed.

From here you can select the symbol you wish to view within the Trades widget. Once activated you are free to re-size and dock within your terminal to suit your preferences.

Trades Configuration & Settings

Filter

By default, every market order that takes place will be shown within your Trades widget. Note that there is no aggregation applied. This results in each individual being displayed, rather than grouping trades that occur at the same price and time.

Although the raw trade feed can particularly useful for markets with lower volume, it can quickly become noisy when looking at pairs with high volume. To mitigate noise, the 'Filter' input can be used.

When the filter is applied with your own defined quantity value, only market orders in which the quantity executed equal, or exceed your filter input, will be shown within the 'Trades' feed. This feature reduces the noise of the raw trade feed, and can be used to assess extremely large market orders. To remove the filtering of trades within the 'Trades' widget, simply remove the inputted value to return the feed back to the default unfiltered state, whereby every trade executed is displayed.

Clear

At times, particularly when adjusting the 'Filter' input, or perhaps after an extreme move in price, you may which to clear the historical trades that are currently shown within the 'Trades' widget.

Clicking this 'Clear' button, will remove all market order that has been recorded since the 'Trades' feed was activated. Note that once you have clicked the 'Clear' button, any data currently present within the widget, will be disposed of. There is no way to recover this data once the 'Clear' button is clicked.