The Integrated Stock Window is an optimized stock trading window that displays the order book with tradable volume at each bid and ask level. It is a valuable tool for active traders who need to see the prices of larger trades and the size behind the spreads. This stock-management interface combines Level I and Level II market data, real-time charting, and a comprehensive order entry system into a centralized workspace.
The Integrated Stock Window layout is configurable and includes the following panels:
The Quote Panel displays market data for the selected stock symbol.
The Book Data Panel displays both Level I and Level II quotes on either side of a real-time chart.
A real-time chart displays between the deep book bid and ask prices. Chart Functions can be accessed from Chart menu or via a right click in the chart.
The ISW includes three Button panels which you can hide or display using the View menu.
All buttons are configurable and can be armed for Instantaneous Transmit by clicking the Armed checkbox and agreeing with the warning disclosure.
You can customize the action and the offsets by right clicking on the button, choose Configure Button.
Buttons with an asterisk (*) are set to Instantaneously Transmit the order when clicked. To remove this attribute, de-select the Armed checkbox in the button panel.
Enter orders by clicking a price level in the Level II panels, edit order criteria in the center order entry panel, then use the BUY or SELL buttons to transmit.
You can enable the “Confirm order submission” message (Global Configuration | Messages) for an order preview message to appear before transmitting your order.
See where your own order stands relative to the book. Use Configuration | Settings to set Show pending orders in the book. This will highlight the order in your view of the deep book.
Your request will not be fulfilled if the working order is executed prior to the marketplace receiving your cancel order or cancel and replace order.
The Integrated Stock window is also available as an editable, custom layout. Use the Add Tab "+" in the bottom left of the TWS frame. Click Open Layout Library on the right side of the Add Tab dialog box.
Use the layout as-is, or unlock and edit it to make it your own. You can add, remove and re-size tools, and use windows linking to link tools within the layout.