1.5 FENIX LITE MANUAL - VERSION 3.1a

1.5 FENIX LITE MANUAL - VERSION 3.1a
Copyright © 1999- 2008 FenixFinancial, Ltd. All right s reserved.
INDEX
1.0 Installation
1.1 Installation from the Web
1.2 Logging On
1
1
2.0 The Basics
2.1 General Tools
3
3.0 Powerful Charting Tools
3.1 Condensed Quote Features
7
4.0 Order Entry on the Level II Screen
4.1 Electronic Communication Networks (ECNs) & Order Types
4.2 Order Types Explained
4.3 Extended Hours Trading
9
9
12
5.0 Portfolio Analysis Window
5.1 Portfolio Page Columns Explained for Open Positions
5.2 Portfolio Page Columns Explained for Closed Positions
5.3 Portfolio Page Columns Explained for Orders
5.4 Portfolio Page Columns Explained for Order Details
5.5 Buying Power
5.6 Profit/Loss
5.7 Order Summary
5.8 Position Minder
5.9 Position Tracker
13
15
16
17
19
20
22
23
24
6.0 Technical Specs
6.1 Minimum System Requirements
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
25
FENIX LITE – User Manual
Fenix Lite is our level 1.5 trading product. Fenix Lite provides advanced order routing with basic
analytic tools:
•
•
•
•
•
•
Market access from 7:30 am to 8:00pm EST.
Real-time access to all ECNs, NYSE, NASDAQ,
AMEX, OTCBB and regional exchanges.
Advanced order routing.
Real time portfolio management including
dynamically updating P&L and buying power.
1 minute, 5 minute and daily charts with realtime quotes.
Sell short from our extensive short sale list.
1.0 Installation
1.1 Installation from the Web
To install using the Internet, take the following steps:
-
Enter the download address in your internet browser
A File Download window appears, Select Save
The Save As window will appear, specify a location for the file to be
saved, in most cases you should save to your root drive, which is
drive C:
Installation:
- Follow the installation prompt, using all the Default selections
- Reboot your computer once you have finished the installation
Once the download is complete, a Fenix Lite icon will now be located on your
desktop.
1.2 Logging On
This can be done in one of two ways:
1) Double click on the Fenix Lite icon on your desktop
2) Click on the Start button
Choose Programs
Choose Fenix Lite
When the login screen appears you will be prompted for a User Name, Password,
Domain, and an Account Number.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
1
Select Connect and the application will log you on to the network.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
2
2.0 The Basics
2.1 General Tools
Fenix Lite is a professional direct access trading system used by active and professional traders
who demand fast executions, sophisticated order execution and advanced market analytical tools.
Fenix Lite is equipped with a list of features specifically designed to assist traders in today's
rapidly moving electronic markets.
Customizable Interface
Powerful Charting Tools
Our integrated level II streaming quotes and order entry interface allows you to control every
aspect of your order. With a click of your mouse you can select the routing of your order to any
ECN, Market Maker or Specialist. Some of the advanced order entry features include:
+ Reserve, stop loss, stop limit, pegged orders and trailing stop orders.
+ Smart order routing that instantly directs your order based on your set criteria.
+ Full depth of Level II including integrated ECN quotes.
+ Color coded tier levels for price distinction.
+ Fully customizable color, font or configuration schemes.
+ Primary and Regional markets for listed stocks.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
3
Advanced Portfolio and Order Tracking Tools
Our real-time account management feature gives you the ultimate control over your trading. With
this feature, all account and position data is dynamically updated allowing you to monitor all
details of your positions in real-time.
The portfolio window consists of 10 separate windows to ensure that you are constantly looking
at the most relevant information. Each page is easily accessible at any time by simply clicking on
the tab of whichever page you wish to view. The Account Manager is an invaluable tool, allowing
you the freedom of maintaining your concentration on trading, while critical real-time account
information is only a quick glance away.
The position window, as seen below, provides you valuable details on all open orders (in Red)
and positions (in Yellow) - including real-time profit and loss calculations. With a single click you
can cancel one or all of your outstanding orders.
The order details feature of the portfolio window provides you with historical information for
every trade you place. This includes the exact time the order was received, confirmed and filled.
This information is dynamically updated in real-time allowing you to easily retrace your actions.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
4
The profit/loss window shows the total profit and loss for all open and closed positions. The mark
to market feature allows you to watch your profit and loss figures to the second with all current
price fluctuations reflected in the calculations.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
5
3.0 Powerful Charting Tools
Includes 1 minute, 5 minute and daily charts with real-time quotes. All charts display major
moving averages, volume with interactive price finder tools.
Streaming Quotes
Fast, reliable streaming quotes for all US exchanges and major indices. Quotes are color coded to
provide you alerts to new highs, new lows, tick direction and daily market trend.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
6
3.1 Condensed Quote Features
Drag and Drop
The Cond Quote window gives the user the ability to
drag a symbol and drop it into another window.
Example: a Level II or Chart window.
View Extended Data
This gives the user the option to view more data on
the Cond Quote window like the columns Bid, Ask,
High, and Low.
Last Follow Change
This feature will have the Last column follow the
Change column. If the Change column is negative,
the Last column price will default to its negative
color configuration regardless of the Last price being
a positive or negative movement. This will make the
Cond. Quote easier to read at a glance showing all
positive and negative stocks for the day.
The columns in the Condensed Quote Window have the ability to be moved.
To Move:
-
-
Simply left mouse click and hold on the column you would like to
move
Then Drag the column to the location where you want the column
moved to and release the left mouse button
Pre/ Post Market Trading
Pre Market is trading activity based on pre-market open prices to help
gauge pre-market trends leading into the trading day as a predictor of
opening prices. Post Market is also trading activity that is extended
trading prices during the after hours market. Historically, limited
information sources have been available to gauge market sentiment
during extended trading, leading into or after regular market hours
trading. Resources have been pretty much limited to observation of
trading activity in individual stocks or futures contracts. Now, with the
“Show Pre and Post Mkt Trades” feature, it’s possible to get a big premarket or after hour’s market picture based on actual trading data.
Note: Pre/ Post Market feature uses the Last Trade to chart trades, not
a Bid or Ask.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
7
4.0 Order Entry on the Level II Screen
Fenix Lite has been designed to enhance the execution process by providing the user
with an easy to understand and efficient order entry interface that allows the trader to
focus on trading not on the trading software. The Order Entry Window allows you to
control every aspect of an order. With a click of your mouse you can select the routing of
your order to any ECN, Market Maker or Specialist. There are many advanced order
entry features available within the Order Entry Window: Different Skin Styles for order
entry, Smart Order Routing to direct orders to specific routes designated, and a variety of
different order types.
To place an order, enter your desired stock symbol into the symbol input field at the top
left corner of the Level II screen. We have chosen TS for our example. Entering your
quote request automatically accesses all Level I information such as last trade price and
size, hi, low, as well as the Level II ECN and Market Maker screen located in the two
parallel color-coded boxes of streaming quotes. You can set the quantity/volume of
shares desired and the type of trade (Limit, Stop etc.) in the boxes to the right of price.
The options available for type of trade will change according to the Route you choose.
The order Route, Expiration and Account Type will automatically default to the
settings you have configured in your Trade Defaults (see section 8.7 on Trade Defaults).
To short a stock click on Short check-box under Order Options located at the far
right bottom corner of the Level II box. This automatically converts the red Offer
button to a red Short button. You may also click on the Red Short Button next to
the Cxl button. This procedure is particularly helpful in that it ensures that the trader
does not enter multiple sell orders creating an undesired short position.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
8
4.1 Electronic Communication Networks (ECNs) & Order Types
The Electronic Communication Networks are separate pools of liquidity that traders buy
and sell stock through. The Island is an example of an ECN. Its symbol on a Level II
screen is CINN. Traders post limit orders through Island and other traders execute their
limit orders through Island. Trades are electronically matched up without the decision
making process that a true Market Maker such as Goldman Sachs goes through. There
are a number of ECNs that are available. Island (CINN) and Archipelago (ARCA) are
the only ECNs, which allow you to post limit orders. They both have execution buttons
embedded in the order entry system for you to access easily. You may choose the ECN
you prefer by clicking on the Route drop-down menu, as shown in the following figure.
4.2 Order Types Explained
1) Stop Market Order
In general, Stop Orders are placed to enter or exit a position at price levels
that are predetermined by the trader. They are routed and automatically
executed based on the trader’s set parameters.
-
A stop order to buy must always be executed when the buy
price is at or above the stop price.
A stop order to sell must always be executed when the sell
price is at or below the stop price.
There are three types of stop orders and these are as follow:
A Stop Market Order is an order to buy or sell at the market price once the
security has traded at a specified price called the stop price. A stop order
becomes a market order when the stop price is reached. You may use a
Stop Market Order to exit a position or enter a position.
2) Stop Limit Order
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
9
A Stop Limit Order is an order to buy or sell at a specified price or better
(called a stop-limit price), but only after a given stop price has been
reached or passed. It is a combination of a stop order and a limit order.
3) Trailing Stop Orders A Trailing Stop Order is a Stop Market Order that will
adjust in Stop price level due to favorable conditions. You will be responsible
for entering the trail amount. The best way to explain this is using an
example:
You are Long 500 DELL at 20.50. You would like to place a Sell Stop Order to
limit your losses. You would like that Sell Stop Order to be placed at .50
below the current market price. Conversely if you would like to take
advantage of a decrease in the price of DELL and have established a short
position and would like to limit your losses you would place a buy trailingstop. The order will be placed and executed when the market triggers the
stop.
Trailing Limit
Stop Orders Warning – When placing a Stop Order incorrectly a
message window will pop-up and require confirmation of the order.
Figure: Example of Stop Order Warning
4) Peg Orders
Peg Mkt - This pegs the order to the opposite side of the primary market;
and the order price moves as the market moves. The order is priced to buy
on the offer, and sell on the bid.
Example: You want to buy 1000 shares of MSFT. If you want to peg your
order to the best offer, you will enter a Peg Market order to track the Offer.
Island ECN will keep track of the order during the execution phase and
report back the trade details. Conversely, if you want to sell 1000 shares of
MSFT Island will peg your order to the current bid.
Peg Best - Peg Best Orders will be sent to Island at the current Bid or Offer
depending on which side of the Market you are on. The order will peg itself
to the current price based upon whether you are buying or selling.
Example: You want to buy 1000 shares of MSFT. If you want to peg your
order to the best bid, you will enter a Peg Best order to track the bid. Island
ECN will keep track of the order during the execution phase and report back
the trade details. Conversely, if you want to sell 1000 shares of MSFT Island
will peg your order to the current Offer.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
10
Peg Mid - This pegs the order to the midpoint between the bid and offer,
with a limit at the primary offer. It rounds buy orders down to the nearest
penny and sell orders up to the nearest penny. The client can set an explicit
limit by supplying a limit price with the order.
If the offer moves higher than the limit, then the order stays priced at the
limit.
Peg Primary - This pegs the order to the same side of the primary quote
for OTC stocks and the best exchange bid/ask values for Listed stocks, with
a limit of the opposite side of the market.
Peg Last - This pegging is only available for Listed securities, and pegs the
order to the last sale of the stock, with the limit being the primary offer. The
client set an explicit limit by supplying a limit price with the order. If the offer
moves higher than the limit, then the order stays priced at the limit.
5) Discretionary Orders
Disc LMT - The order is displayed at specified price, not a discretionary
price. When a bid or an offer appears at or above the share quantity
minimum, the order will be matched in ARCA, or routed to a NASDAQ Market
Participant at their quoted price using SmartBook logic.
6) Market On Open
All Market Open orders placed before the opening bell (9:30am EST) will be
executed, based on the opening price, at or around 10:00am assuming there
is sufficient Market Volume for the order.
7) Market On Close
All Market Close orders will be executed at or around 45 minutes after the
closing bell (4:00pm EST), assuming there is sufficient Market Volume for
the order.
8) Limit Invisible
Lmt-Inv - Invisible orders are not displayed on the Island book, they are not
disseminated on the Island data feeds, and they are not included in the
Island quote.
9) Limit Book
The order only shows on the ISLD book to other subscribers. If the order is
priced at the inside, the order will not show on the NBBO.
10) Reserve Orders
User defines the displayed quantity while the balance of the reserve remains
hidden. Displayed quantity is automatically replenished from the reserve.
Market Participants are preferenced for the quoted size when hitting the bid
or taking the offer. Orders preferenced to ARCA, at sizes greater than the
displayed size, will be matched against the entire reserve quantity.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
11
11) NYSE Direct + Orders
Automatic execution of limit orders up to 1,099 shares against the published
bid or offer with no opportunity for price improvement. If the order is not
immediately executable the order will revert to a regular DOT order. Traders
may not send Direct+ orders in the same stock and on the same side of the
market more frequently than every 30 seconds.
12) Limit On Open
LOO orders are entered for execution at the opening price, provided the
opening price is at or within the limit specified. LOO orders permit the
investor to scale interest to purchase or sell at various price increments in
anticipation of possible imbalances.
13) Limit On Close
LOC orders are entered for execution at the closing price, provided the
closing price is at or within the limit specified. LOC orders permit the investor
to scale interest to purchase or sell at various price increments in anticipation
of possible imbalances.
14) Hunt Order (BRUT)
To minimize market impact, never posts or displays while it actively trades
with best prices in the market and BRUT book. Hunter orders are never
displayed in the BRUT book. They will cross an order out in the marketplace,
or in the BRUT book, when a matching order is found.
4.3 Extended Hours Trading
Fenix Lite is available for trading until 8 p.m. EDT. When traditional markets are closed,
Fenix Lite is open for business. Fenix Lite offers one of the longest continuous
trading sessions available to retail brokers, and currently matches orders that come in
during before-hours trading, from 8:00AM to 9:30am EST, and after-hours trading,
from 4:00pm to 8:00pm EST. Furthermore, we were among the first trading systems
to recognize that the “bankers hours” followed by the exchanges were not meeting the
demands of today’s investors allowing for greater flexibility and convenience in managing
their assets.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
12
5.0 Portfolio Analysis Window
The Portfolio Analysis Window helps you manage your accounts, giving you a total
overview of your trading. All account information and positions are updated in real
time.There are ten different windows within the Portfolio Window, each allowing you to
view critical trade and portfolio information. The following sections are available: Open
Positions, Closed Positions, Orders, Order Details, Buying Power, Profit/Loss, Account
Statistics, Order Summary, Position Minder, and Position Tracker. Additionally, there are
many features available within the Portfolio Window, such as, canceling an order by
double-clicking on a pending order in the Open Positions or Orders sections.
5.1 Portfolio Page Columns Explained for Open Positions
To view Open Positions information click on the Open Positions button in the
Portfolio Window as shown in fig. below
Figure: An example of the Portfolio Page displaying Open Positions.
Column Name
Description/ Explanation
Symbol
The Symbol for the stock you purchased.
Acc Type
The Account Type section declares 5 separate account type
situations: Cash, Margin, Short, OV (Overnight Position), and DY
(Day Position).
Full Name
The Full Name of the underlying stock held in the account.
Shares
The number of shares purchased; a positive number if long or
negative number if you are selling short.
Entry Price
The price that which you entered the position.
101.5 or 101 ½ or 118 23/32 etc.
Current Price
This price will automatically be retrieved when you make a trade
and will fluctuate with the price of the stock. If you are long a
position, the current price will reflect the current Bid. If you are
in a short position, the current price will reflect the inside Ask.
If pre-market, it is based off yesterday’s close. If post-market,
the last price in the regular session is used.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
For example:
13
For options, the current price is the average of the bid/offer
during market hours. After market hours, the current price is the
last regular hours trade.
$Value
The value of the stock i.e. (Shares x Current Price). The $Value
assumes that prices are quoted in $, if they are quoted in cents
you must divide your number of shares by a 100 or look at the
price multiplier feature which follows.
$Gain
The price gain or loss since you purchased the stock i.e. (Shares
x Entry Price) – (Shares x Current Price).
$Day Change
The $ gain or loss for the day.
%Day Change
This is the change in a percentage since the starting position for
the day. This also takes into consideration the value of the
security at this point in time.
% of Portfolio
This is the percentage of your portfolio this position represents.
Previous Close
This is the previous day’s closing price for the position.
Theo Close
This is a theoretical closing price for a security. Your brokerdealer and/or clearing firm may load a theoretical closing price
for a security. This is sometimes done for securities that did not
trade the previous day, and therefore have no previous closing
price, or securities which we do not receive a feed for and can
not price. The purpose of entering a theoretical close is to
provide a better estimate of your P&L.
Theo $ Day
This is the theoretical change in the position’s value for
the day. It is used in conjunction with the theoretical close.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
14
5.2 Portfolio Page Columns Explained for Closed Positions
To view Closed Positions information click on the Closed Positions button in the
Portfolio Window as shown in fig. below.
Figure: An example of the Portfolio Page Columns for Closed Positions.
Column Name
Description/ Explanation
Order No
This is the date and the order id number (Example 0731-5151)
of the closed position.
Symbol
The stock symbol of the closed position
Action
The initial position, whether it was a Long or a Short
Account
The type of position and whether it was a day trade or an
overnight position.
Shares
Amount of shares for the entire position that was entered
Open Price
The opening price of that position (This may be a blended
opening position if there was more than one entry price).
Shares Out
The amount of shares that were closed out of an initial opening
position of that stock
Close Price
The closing price of that position (This may be a blended closing
position if there was more than one entry price).
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
15
Profit
The Profit of that position that has been closed out whether it
has been partially closed or fully closed.
Mark 2 Mkt
If the position has been carried overnight then this value is the
profit of the closed position relative to the closing price as of
yesterday’s close. This feature is unique to Fenix Lite. Sum of
Mark 2 Mkt column will match Mark to the Market closed
positions under the Profit/Loss tab.
Account
This is the account that is being shown in the Portfolio Window.
5.3 Portfolio Page Columns Explained for Orders
To view Orders information click on the Orders button in the Portfolio Window as
shown in below.
Figure: an example of the Portfolio Page Columns for Orders
Column Name
Description/ Explanation
Order No
This is the date and the order id number (Example 0731-5151)
of the closed position.
Symbol
The stock symbol of the closed position.
Action
The initial position, whether it was a Long or a Short.
Type
The type of position and whether it was a day trade or overnight
position.
Price
The price of the execution.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
16
Shares
Amount of shares for the entire position that was entered
Pending
The amount of shares that have not been executed within a
given order, that is still pending to be executed.
Executed
The number of shares that have been executed for this
particular order
AvgPrice
The average price of the execution.
Last Time
The time of the order or execution
Status
The status of the order or execution (Cancelled, Filled, Rejected)
Cancelled
The amount of shares that were cancelled
Stp-Info
The price of the Stop Limit
Route
This is the route you sent the order to
Commission
This is an estimate of the commission you paid on the trade.
You can set this amount by making the portfolio window active
by clicking anywhere on it, then click Setup in the main menu,
now select Setup Port Win Options. Enter the desired
amount in the field to the right of Commission (per Share).
5.4 Portfolio Page Columns Explained for Order Details
To view Order Details information, click on the Order Details button in the Portfolio
Window as shown in fig. below.
Figure: an example of the Portfolio Page Columns for Order Details.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
17
Column Name
Description/ Explanation
Order No
This is the date and the order id number (Example
0731-5151) of the closed position.
Symbol
The stock symbol of the closed position.
Action
The initial position whether it was a Long or a Short.
Type
The type of position and whether it was a day trade or
overnight position.
Price
The price that is entered for execution.
Shares
Amount of shares of the entire position that entered.
Pending
The amount of shares that have not been executed
within a given order that are still pending to be executed
Executed
The number of shares that have been executed for this
particular order
ExePrice
The price of the execution
Last Time
Displays the date and time of the order or execution.
When sorting within the Order Detail Window, the orders
will sort by date, then time.
Status
The status of the order or execution (Cancelled, Filled,
Rejected)
Cancelled
The amount of shares that were cancelled
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
18
5.5 Buying Power
To view Buying Power information, click on the Buying Power button in the Portfolio
Window as shown in fig. below.
Figure: An example of Buying Power information.
Buying Power
Buy Stocks
Short Stocks
Buy Options
Sell Naked Options
Reg-T vs Equity
Buying power for purchasing stocks.
Buying power for shorting stocks.
Buying power for purchasing options.
Buying power for selling naked options.
Reg-t vs. your amount of equity
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
19
5.6 Profit/Loss
To view Profit/Loss information, click on the Profit/Loss button in the Portfolio
Window as shown in fig. below.
Figure: An example of Profit/Loss information.
Profit/Loss
The Profit / Loss section will calculate the gains and losses for intraday and
overnight positions based on entry and exit prices.
Intraday Open
Intraday Closed
Prev Open
Prev Closed
Total Open
Total Closed
Total
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
Profit/ Loss for all Open Positions established
Intraday
Profit/ Loss for all Positions that were
established and Closed intraday
Profit/ Loss for all Open Positions that were held
overnight
Profit/ Loss for all Positions that were held
overnight and Closed intraday
Profit/ Loss for all Open Positions, overnight and
intraday. The Sum of Intraday Open and
Previous Open
Profit/ Loss for all Positions, overnight and
intraday, that have been closed intraday. The
Sum of Intraday Closed and Previous Closed.
Profit/ Loss, the sum of Total Open and Total
Closed
20
Mark to the Market
Mark to the Market is a daily calculation of debit or credit margins resulting from
price fluctuations of the underlying asset. It compares the equity and overnight
positions closed for the day to the previous day’s close.
Starting Equity
Shows your starting equity Marked to the
Market.
Current Equity
Shows your current equity Marked to the
Market.
Closed Positions
Profit/ Loss for all closed positions based on the
Previous Days Close as the entry price. Used to
see if a traders positions were up or down for
the day.
Open Positions
Profit/ Loss for all open positions based on the
Previous Days Close as the entry price. Used to
see if trader’s positions were up or down for the
day.
Total P/L
Total Profit/ Loss for Open and closed positions
with the entry Price using the Previous Days
Close.
Est Comm.
An estimate of your commissions for the day.
You can establish an estimated commission per
share in “Setup Port Win Options”
Est Total
An estimate of your total daily Profit/Loss. This
is equal to your Total P/L minus your Estimated
Commission.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
21
5.7 Order Summary
Provides the total number of executed shares of buys or sells per symbol, also provides
the company name of the symbol and the trader's user name that traded the shares. If
trading a symbol all day, and you have buy, sell, and short executions then you'll have
three lines of data for that symbol; a total number of executed buy shares, total
executed sell share, and a total executed shorted shares. To view Aggregate
information, click on the Order Summary button in the Portfolio Window as shown in
fig. below.
Figure: An example of Order Summary information.
Column Name
Description/ Explanation
Symbol
Stock symbol traded.
Action
Whether the stock was a buy, sell, or sell short.
Shares
The amount of volume traded, overnight and intraday
positions combined.
Avg. Price
The average price of stock traded, overnight and
intraday positions combined.
Full Name
The full name of the symbol traded.
User
The name of the user that made the trade.
Account
This is the account number being displayed in the
Portfolio Window.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
22
Pref
Allows you to see who the trader referenced the order
with. By selecting Setup from the menu bar, then
Setup Port Win Options, you can choose to combine
different preferences.
5.8 Position Minder
The Position Minder reconciles your trades and allows you to view your positions as they
were entered and closed. It will show your open positions, as well as, intraday closed
positions. To view Position Minder information, click on the Position Minder button
in the Portfolio Window as shown in fig. below.
Figure: An example of Position Minder information.
Column Name
Description/ Explanation
OrderNo
The order number for a particular trade.
Symbol
The symbol of the security being traded.
Action
Shows whether the action was a buy, sell, or sell short.
Account
The type of account in which the trade was executed.
Shares In
The amount of shares when entering the position
Price In
The price when entering the position
Shares Out
The amount of shares when closing the position
Price Out
The price when closing the position
Profit
The profit/loss when closing the position
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
23
5.9 Position Tracker
The Position Tracker tracks individual positions and allows you to view the entry and exit
details of the particular order. To view Position Tracker information click on the
Position Tracker button in the Portfolio Window as shown in fig. below.
Figure: An example of Position Tracker information.
Description/ Explanation
Column Name
OrderNo In
The order number for the trade entering a position
Symbol
Symbol of the security traded
Position
Type of position, whether short or long.
Shares
Number of shares traded.
Price In
The price at which the position was entered
Order Out
The order number for the trade closing a position
Price Out
The price at which the position was closed
Profit
The profit/loss when closing the position
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
24
6.0 Technical Specs
6.1 Minimum System Requirements
The following contains the recommended minimum requirements for your system.
•
Hardware - Minimum of a Pentium II processor with a speed of at least 400 megahertz
(MHz), and 128 megabytes (MB) of SDRAM.
•
Modem - It is recommended that you use a high capacity line such as cable modem,
DSL, or T1. However the platform is designed to function effectively on modems as low
as 28.8kps modem.
•
Hard Drive - Available hard disk space should be no less than 1MB. We recommend at
least a 4MB Video Card and a full size monitor- at least 17".
•
Operating System - For optimal performance, we recommend Windows 2000 or
Windows XP. We will also support the following Windows platforms beginning with
Windows NT, Windows Professional, Win98 and Win98SE. No other operating systems
are supported (Mac, Linux, Unix, etc).
Reliability
The network powering our trading platforms was
built to deliver the speed and reliability critical for
direct access professional trading. Redundancy and
scalability were built in to all areas that affect
performance. The server environment was built to
support mission critical operations, complete with
climate-controlled rooms in a secured building.
Independent Collocation
The servers for PeakAccess are housed in the
UUNET Mega-Hub in Dallas, Texas and on the ATT
backbone in Chicago, Illinois. These servers are
attached directly to the Internet's backbone
providing unsurpassed reliability in connectivity and
resulting in virtually unlimited bandwidth on
demand. We also provide further redundant
connectivity through the Savvis network.
Redundancy
The servers that comprise the trading farms are designed with multiple back-up systems. A
status monitor constantly watches every server in the network, checking for stable connectivity.
In the event of failure of any one server, orders will be routed to another server in the network.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
25
All lines to data servers, ECNs and exchanges are also redundant with load balancing technology
designed to manage traffic and avoid points of failure.
Security
Security is one of the most important aspects in the electronic trading industry. Heavy emphasis
has been placed on the ability to prevent security breaches as well as to provide virtually
uninterrupted trading ability in the event of technical or natural disasters.
Application Security for the sever farm is facilitated using Triple DES (DATA Encryption Standard)
Encryption for all back office and Portfolio Window functionality. This level is currently the highest
level of encryption available to US corporations on a commercial basis. Additionally, our server
farm does not employ IIS, FTP, or HTTP, therefore, preventing Internet-based viruses from
reaching our servers.
Disaster Recovery
In the event of a system error, which could result in a catastrophic failure of hardware or the
application, there are full contingency, back up and disaster provisions. All drives are mirrored for
uninterrupted service in case of failure. Most trading platforms have servers that are overworked
due to the multitasking forced upon them. When performance is compromised in these
situations, the norm is to add servers after troubles arise. Our no-tolerance policy is such that
servers are on-demand and ready to be added at the slightest increase from normal activity.
Fenix Lite 3.1a User Manual
Copyright  1999–2009 FenixFinancial, Ltd. All rights reserved.
26