4. Trading with Swordfish > Silo Spot Basis Orders

Introduction

Silo Spot Basis Active Orders submitted to the Safex Agricultural exchange are shown in this window. Order quantity can be updated as well as the premium value.

Orders can be canceled, suspended and suspended orders can be resubmitted.

View Silo Orders

Open the Silo Orders window by clicking on View > Silo Spot Basis > Active/Suspended Orders from the menu bar on the Swordfish main menu.

Cancelling a Silo Order

An order that was submitted and not yet traded in the market can be canceled.

Method

1.View the Silo Active/Suspended Orders window by clicking on View > Silo Spot Basis > Active/Suspended Orders from the menu bar on the Swordfish main menu.

2.Select the order you wish to cancel, click on the Cancel menu item and the order cancellation request is sent to the Exchange. See the order removed from the window to visually confirm your order was canceled.

Note

The user might be able to select orders to cancel but Swordfish permissions will not allow the actual cancel of the order(s) if the user has no cancel rights.

Suspending a Silo Order

An active order that was submitted and not yet traded in the market can be suspended.

Method

Open by clicking on View > Silo Spot Basis > Active/Suspended Orders on the Swordfish main menu.

Select the order(s) you wish to suspend. Use Ctrl + left mouse click to select multiple orders. When you have selected the order(s), click the Susp menu item and the order(s) will be suspended.

Note

1.Only active orders can be suspended.

2.To suspend ALL active orders in the window, press the Susp All menu item.

Update Order Quantity

This section explains how to update a single active order Bid or Sell order quantity. The active order will only retain its position in the order stack on successful change and update of the order quantity.

Method

1.Open by clicking on View > Silo Spot Basis > Active/Suspended Orders on the Swordfish main menu.

1.Find and select by clicking ONE active order entry in the list of orders. The quantity value next to Update Ord menu item will reflect.

2.Adjust the Quantity. It can only be reduced (exchange enforced).

3.Click on the Update menu item. See the updated quantity in the active order entry.

Note

1.Minimum order quantity is one.

2.Only one active order at a time can be updated by this method.

Silo Spot Watchlist

This section explains how to update the Order Premium from the Active Order window. This update method will not guarantee that the position of the order in the stack is retained.

Method

1.Open by clicking on View > Silo Spot Basis > Active/Suspended Orders on the Swordfish main menu.

2.Find and select by clicking ONE active order entry in the list of orders. The Premium value will reflect the active order premium.

3.Adjust the premium.

4.Click on the Update menu item. See the updated premium in the active order entry.