Bid/Ask Tape

Modified on Fri, 6 Dec at 4:48 PM

This instrument is used to visualize the volumes during each spread value.

To open this module, use the Bid/Ask Tape quick access button.

The Instruments manager window will open:

In the following window, choose the instrument from the All Instruments tab, or from the Favorites tab. Adding instruments to the Favorites tab is described in detail here:Instruments manager.

After that, the Bid/Ask Tape window will open.

1. Time corresponding to the given spread.

2. Bid – price, where the Bid was.

3. Ask – price, where the Ask was.

4. Delta – cumulative delta for all the data in the counter.

5. Bid Trades Size – volume of the trades on the Bid side (i.e., market sales).

6. Between Trades Size – volume of the trades within the spread (between the Bid and the Ask).

7. Ask Trades Size – volume of the trades on the Ask side (i.e., market purchases).

8. Freeze button – allows to “freeze” (stop) the tape (the same button “unfreezes” the tape).

9. Color settings.

10. Tape display on top of the other windows.

11. Change Instrument.

*Functions 9 and 10 can also be used from the context menu.

To launch the context menu, right click on the tape.

Context menu description:

Freeze.
Save to file - export data to .CSV file.
Settings - color settings.
Clone window.
Reset - reset the tape.

Color Settings

BackGround.

Buy color.

Font size.

Sell color.

Between color - the color of trades inside the spread.

Font Size.

An example of how the Bid/Ask Tape works:

1) a buy comes at the price of 100 with a volume of 1. Current bid=99, ask=100

We get new data: bid 99, volume 0, ask 100, volume 1

2) one more buy comes at the price of 101 with a volume of 1. Current bid = 100, ask = 101.

We get new data: bid 100, volume 0, ask 101, volume 1

3) a sell comes at the price of 100, volume 5

the previous data becomes: bid 100, volume 5, ask 101, volume 1

Also read the following related articles:

GETTING ACQUAINTED WITH ATAS. TRADING ADVANTAGES, ORDER MANAGEMENT

SPREAD TAPE: ALL YOU NEED TO KNOW ABOUT TRADING WITH THE HELP OF BID/ASK TAPE

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EN screenshots below

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