Lightspeed Quick Reference Guide - 2
Lightspeed Quick Reference Guide - 2
We’ve prepared this Quick Reference Guide to assist you in getting acclimated to our lightning fast,
feature – rich, fully customizable trading platform. Lightspeed Trader includes many user configurable
settings and features that we encourage you to explore.
For additional video tutorials regarding the Lightspeed Trader system and the market in general, please
visit our training videos page.
If you have additional questions or would like to speak directly with a Lightspeed representative, please
call (888) 577 – 3123, Option 3 or email sales@lightspeed.com.
• Upon system shut down, any positions or orders are cleared out of the demo system.
• Each symbol is “marginable” in the demo mode, however that’s not the case in the live mode.
• Each symbol is “Locate Required” in demo mode. In a live account “borrowability” will be based
on the specific symbol.
• Stop orders are not supported in demo mode as they are in live trading mode.
A default layout that highlights some of the more widely-used functions within the Lightspeed Trader
platform has been preset for your convenience. Layouts are fully customizable and can be easily
modified to suit your needs. If you are a MAC user you will find our Mac OSX install on the website.
All windows are fully customizable. Right click in any window or click the “Gear” icon in
the top right to access the configuration.
Upon logging off the trading platform you will be asked if you would like to save your changes, this will
allow you to keep your personalized set up for future use. Layouts can be reverted to the default
settings at any time. Layouts can also be imported and exported locally. If you made changes you do
not wish to save, uncheck the “Save All Changes” option that appears at log out.
*If you are in demo mode you will be able to copy any settings and changes made to your live account
when you are ready. Please contact your Lightspeed Representative to do so.
Below is a screenshot of the default Lightspeed Trader layout seen on the “Click for Equities Trading”
page. The numbered sections are described in the corresponding paragraphs that follow:
1. Index Bar: The Index Bar may contain index information, your marked P&L (open plus closed
P&L), open positions, open orders and more. Right click and select Settings to customize the
Index Bar. Select from the menus in the top left corner to navigate Lightspeed Trader. For
example, use the Page menu to start new Pages, the New menu to open new windows, and the
Windows menu to see what windows you currently have open .
2. Orders Window: This window is used for viewing all orders. Green orders are complete, Yellow
are partially complete, White are pending/open, and Red are cancelled. You can modify this
coloring or filter the window to only display specific activity such as open and executed orders
by right clicking and selecting “Change Display.”
3. Messages Window: This window is a running log of Lightspeed Trader activity. Keep this
window open for important messages from the Lightspeed team or for reject reasons on any
rejected or cancelled orders (the U R OUT…message means an order has cancelled successfully).
Page 2
Lightspeed Trader 1-888-LSPD-123, Option # 3
Lightspeed Trader – QRG
4. Order Entry Window: The OE Window is one of several different ways you can place orders in
Lightspeed Trader. You can toggle the symbol, share size, price, and order type (market, limit,
stop) and destination. The default destination for market and limit orders is LSPT, a low cost
route exclusively for Lightspeed Trader customers. For a list of all of the destinations users can
access and the routing fees that may be associated with them, click here.
5. Market Maker Box – Level 1 & Level 2 Components: This window provides a comprehensive
view of a symbol’s activity. The upper half of the window contains Level 1 data including it’s
opening price, yesterday’s closing price and the high / low for the day as well as marginability,
and borrowability indicators (for short sales). The lower half of the window will provide Level 2
information, which shows full market depth.
6. Hot Buttons: The hotbutton window lets you execute any predefined or custom-made order
types or commands with the click of a button. The hotbutton window displayed contains 3 pre-
configured buttons:
• Market Buy / Sell 100 Shares: Clicking these buttons will send a market order to buy or
sell 100 shares using the LSPT order router.
• Cancel All Orders: Cancels ALL open orders.
7. Watchlist Window: Use the Watchlist window to monitor any list(s) of symbols. Right click on
the watchlist window to add and remove symbols, to customize the window by changing fonts,
or to select from hundreds of available columns. Copy and paste symbol lists to or from any
other Lightspeed Watchlist or from any 3rd party application.
8. Positions Window: This window displays your open and closed positions. Configuration
changes will allow you to sort and filter this window and add / remove columns.
9. Account Summary Window: This window displays important trading statistics such as equity,
buying power, and closed and open P&L. Information can be added and by right clicking and
selecting “Change Rows.”
10. Pages: Lightspeed Trader allows you to maximize screen space by having multiple pages with
different layouts. The hotbutton window seen here has organized 2 separate pages designed
specifically for trading Equities, and Options. You can also switch pages by using the Page Menu
in the top left corner of your screen.
11. Chart Window: Lightspeed Trader’s proprietary charting is fast and reliable. Use the buttons at
the bottom of the window to flip between different time frames or create your own time frame
buttons. Different chart styles are available such as candles, lines, and mountain views. Time
frames, studies, colors, and chart types can also be configured by right clicking.
Keyboard Trading:
For rapid order entry, users can map any of our predefined or custom-made order types or
commands to a key on the keyboard via the Keyboard Tab. Select Utilities -> Configuration
Settings from the Menu in the top left of the main tool bar (#1 above) to access the Keyboard
Page 3
Lightspeed Trader 1-888-LSPD-123, Option # 3
Lightspeed Trader – QRG
Tab. You will find many predefined order types for executing and cancelling orders as well as
other trading and non-trading functions.
Note: Tier Size Orders are based on a default size that the user can configure in the Tier Size
Tab. By default, each tier size is equal to 100 shares.
Things to Remember:
• Double Click on a symbol anywhere (Watchlist, Ticker Alert, Positions Window) to populate
your Level 2, Chart, and Order Entry Window with that symbol.
• Right click in any window to customize.
• Link a window to an individual Level 2 rather than the active Level 2, or unlink any window,
using the Link menu. The Link menu is accessed by right clicking in the banner at the top of
any window.
• Your positions window is configured to display your cost basis (CB) P&L. Right click and select
change columns to track intraday open, closed and marked (open + closed) P&L.
• When your order has cancelled successfully you will receive a message in the messages
window stating “U R OUT”
Page 4
Lightspeed Trader 1-888-LSPD-123, Option # 3