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NEON | January 2018
1 www.neon.trade NE N F X NEON | Contents
Section Page
Overview 3 Mobile 5 Marex Metals 6 Desktop Toolbar 7 Instrument Panel & Market Watches 8 Multiwatch 9 Options Watch 11 Order Book & Order Tracker 12 Marex Autospreader 13 Carry Wizard 14 Algorithmic Trading 15 Algorithmic Trading Ticket 16 Spread Matrix 17 Risk 18 Alert Manager 19 Profiles 20 Settings & Help 21 Exchange Market Data Fees 22 Help & Support 23 Disclaimer 24
2 www.neon.trade NE N F X NEON
3 www.neon.trade NE N F X NEON Overview
►► 22 Global DMA exchanges ►► Trade multi products across asset classes in one window ►► Listed Options ►► Comprehensive LME trading suite ── Marex 3M liquidity ── Marex 3rd Wednesday ── Marex Spreads ── Carry calculator ►► LME algorithmic trading suite ── VWAP ── TWAP ── PEG ── ICEBERG ►► Spread matrix ►► Customisable auto-spreader ►► Advanced pre and post trade-risk tools
4 www.neon.trade NE N F X NEON Mobile
►► Prices: View live prices on LME Select and Marex Metals. ►► Trades: view your trades on the go ►► Orders: View your orders on the go ►► View graphs of LME Select contracts within the app ►► Contact the Marex LME desk directly from the app ►► Fingerprint authentication ►► Available for Apple ( App Store ) and Android ( Playstore ) phones. Download direct to your preferred device
5 www.neon.trade NE N F X NEON Marex Metals
►► Trade Marex LME liquidity directly through NEON ►► Available on 3M contracts: AH / CA / NI / ZS / PB ►► Prices available 01:00 – 19:00 ►► Orders work outside of LME Select but result in an LME contract ►► Fee saving available* ►► Orders visible in joint blotter ►► Existing Risk limits applicable across both trading venues ►► 3rd Wednesday contracts across the five major metals ►► Marex spread pricing ►► Found under the Marex Exchange in the instru- ment lookup
6 www.neon.trade NE N F X NEON Desktop toolbar
1. Double click the Neon icon to minimise / maximise all windows 2. Search for contracts 3. Browse Market Instruments ── Launches the INSTRUMENT PANEL for exchanges you are permissioned for. ── Click through exchanges for asset classes ── Add selected contracts to MARKET WATCH, MULTI WATCH, MARKET TICKER, LADDER, ORDER TICKET, DEPTH 4. Orders ── Launches ORDER BOOK panel showing working, filled, cancelled and rejected orders in a single blotter 5. Order Tracker ── Launches ORDER HISTORY panel 6. Ladder Window ── Launches a blank LADDER TRADING window 7. Market Watch ── Launch a blank WATCH window 8. Multi Watch ── View multiple expiries and spreads of the same contract in one window 9. Options Watch ── Open a blank OPTIONS WATCH 10. Spread Matrix 11. Ca r r i es ── LME CARRIES window 12. Exchange Notifications 13. Options Quite Monitor 14. Alert Window 15. Alert Manager ── ALERT MANAGER, set audible and visual alerts for order status 16. Risk Status ── RISK WINDOW by account 17. Concentration ── RISK WINDOW by product category 18. Profile ── Switch between multiple layouts saved per profile 19. Settings 20. Help 21. Close The Application
7 www.neon.trade NE N F X NEON Instrument Panel & Market Watches
►► List all exchanges the user is permissioned for ►► Click on the arrow icon to reveal Product Types -> Products -> Outrights / Strategies -> Expiries ►► Selecting the name will add the full expiry list to your viewing window ►► Click through for individual expiries to be added to viewing windows
Available contract windows:
MARKET WATCH ►► Standard watch layout ►► Launch ORDER TICKET from Bid / Ask column MULTI WATCH ►► Hover over icons for description MARKET TICKER ►► Right click on column header for ►► List all available expiries in top panel ►► Details all exchange traded additional options ►► List all available spreads in bottom panel ►► Drag and drop columns , right click for data additional options ►► Launch ORDER TICKET from Bid / Ask column ►► Export to excel ►► Drag new contracts from the INSTRUMENT ►► Toggle blank rows for active pricing only PANEL into an existing watch
8 www.neon.trade NE N F X NEON Market Watches (cont.)
LADDER WATCH ORDER TICKET ORDER TICKET ►► One click trading ►► Quick click quantity buttons or ►► Quick click quantity buttons or manual en- ►► Set default quantity & account manual entry try ►► Place Limit, Stop Limit, Day & ►► Price entry ►► Price entry GTC orders ►► Large Arrows = Figure change ►► Large Arrows = Figure change ►► One click order pull ►► Small Arrows = Tick change ►► Small Arrows = Tick change ►► Limit, Stop Limit, Stop & ICEBERG. ►► Limit, Stop Limit, Stop & ICEBERG. GHOST GHOST order types order types ►► Day, GTC, GTD & IOC ►► Day, GTC, GTD & IOC ►► Dynamic link the ticket to an active market watch using the ►► Dynamic link the ticket to an active market chain icon watch using the chain icon ►► Save the location of the ticket ►► Save the location of the ticket on your on your desktop desktop ►► Pin the ticket to the desktop lay- ►► Pin the ticket to the desktop layout out
9 www.neon.trade NE N F X NEON Multiwatch
►► Outrights listed in the top half
►► Carries in the lower half
►► Tabulate contracts in one window
►► Default volume per MULTIWATCH
►► Default account per MULTIWATCH
►► Display only active prices
►► Search for additional contracts
10 www.neon.trade NE N F X NEON Options Watch
1. Default account
2. Default quantity
3. Toggle blank rows
4. Resize columns
5. Change font size
6. Number of strikes to display
around the money
7. Show all strikes
8. Search new contracts
9 Roll expiry back / forward
10. Toggle strategy window
11 Hide inactive strategies
– dynamically inserts active strategies
12. Show strategies around the money
11 www.neon.trade NE N F X NEON Order Book & Order Tracker
ORDER BOOK ►► Displays all order status by default ►► Pull orders with a single click ►► Right click on an active order to revise ►► Hover mouse over the left hand side of the blotter for Quick Filter options ►► Right click on column header for more op- tions Select the ac- Move the mouse over ►► Click on the icon for trade summary counts to be the left hand side of ►► Add or remove accounts to fit your view visible in the the blotter to reveal ►► Export to Excel / File QUICK FILTERS blotter ►► Profiles can have multiple ORDER BOOKS with separate filters
ORDER TRACKER ►► Full audit of order details ►► Double click on the line of trade to see individual order details
12 www.neon.trade NE N F X NEON Marex Autospreader
►► Spreads available under the ‘Marex’ exchange in the instrument list ►► Pre-definedLME inter and LME vs COMEX intra market spreads ►► Volume ratios defined in the contract, visible in the contract description e.g. AH3M(1) – CA3M(1) Spread trading 1lot of AH3M vs 1 lot of CA3M ►► Whatever you are doing to the spread you are doing to the first leg e.g. SELLING 1 AH3M(1) –CA3M(2) would be selling 1 lot of AH3M vs buying 2 lots of CA3M ►► LME Spread prices are calculated by subtracting first leg from second leg ►► COMEX vs LME spread price calculated: COMEX price x 0.22046 – LME CA3M price ►► Customised Volume / Price ratios can be added instantly by contacting Marex eTrading desk
►► Instruments can be viewed in a Market Watch or Ladder view ►► Reactive execution strategy : orders will be placed in the market at the relevant levels when the spread is in limit ►► Orders visible in order books along side regular orders ►► Order status for the spread highlights legged orders and the working leg
13 www.neon.trade NE N F X NEON Carry Wizard
Select metal from the buttons across the top
Switch between metals while keeping the spread duration Create bespoke spreads using the calendar function
Quick carry tickets allow you to easily create pre-defined spreads
Create the order for execution on LME Select
14 www.neon.trade NE N F X NEON Algorithmic Trading
ALGORITHMIC TRADING
►► Marex proprietary algorithmic trading suite ►► Available on COPPER, NICKEL, ALUMINIUM, ZINC, LEAD, TIN ►► Tradable from 01:00 – 19:00 ►► Marex eTrading able to provide real time feedback on algo perfomance ►► Place strategies direct from NEON ►► Algorithmic orders can be subject to a different commission
15 www.neon.trade NE N F X NEON Algorithmic Trading Ticket
VWAP/ TWAP Ticket
PEG Ticket
16 www.neon.trade NE N F X NEON Spread Matrix
►► Drag and drop contracts into multiple spread matrix windows ►► Default accounts and volumes per window ►► Configure the window to show volume and last trade data ►► Send contracts to multi depth, watches and ladders ►► Pack colours
17 www.neon.trade NE N F X NEON Risk
RISK STATUS ►► Comprehensive pre-trade risk module incorporating lot limit and ‘buying power’ ►► Risk window displays relevant risk information by account ►► Net Liquidity ── Gross liquidity + allowable credit ( risk determined) ►► P&L ── Displays the current Profit and Loss for the selected account. (loss is shown in red) ►► Balance ── Balance = Net Liquidity + P&L ►► Margin ── Defined as the amount of money required by the clearer to establish a position. ►► NLV ── NLV (Net Liquidating Value): Options only. The sum of money that an option long would receive/an option short would pay at the current market price when liquidating the option. ►► Net Equity ── Cash or cash equivalents on account + Daily P&L. ►► P&L % ── The P&L % column of the Risk Summary screen displays the Profit and Loss divided by the Net Liquidity for the account as a percentage. ►► Margin Utilisation % ── Margin Utilisation = Margin Requirement divided by the Account Balance expressed as a percentage.
18 www.neon.trade NE N F X NEON Alert Manager
ALERT MANAGER
►► Create audible & visual alerts for order states ►► Click through pop up boxes to ensure clarity ►► Multiple alert rules across order types and individual accounts ►► Customise audible alerts
ALERT EDITOR
►► Can be applied to orders and risk alerts ►► Custom , rule based, alert editor for all order conditions including: Filled, Partial Filled, Rejected & Cancelled ►► Risk alerts available across the risk conditions: Net Liquidity, PnL, Margin, Balance, Round Trips
19 www.neon.trade NE N F X NEON Profiles
PROFILES
►► Users can have multiple profiles within NEON ►► Save window layouts using the profile icon ►► Profiles saved on users desktops ►► Multiple windows can be launched e.g. Order book for filled and working , multiple market depths and trading ladders ►► Share profiles amongst users by ex- porting and sending details as a file
20 www.neon.trade NE N F X NEON Settings & Help
SETTINGS
►► Customise your NEON tool bar ►► Switch between mouse and keyboard trading ►► Spread settings ►► Enable crossing protection ►► Large order volume alerts ►► Enable one click trading ►► Watch tab allows users to toggle ‘one click trading’ ►► Customise NEON look and feel
21 www.neon.trade NE N F X NEON Exchange Market Data Fees
►► Market data fees applied by the individual exchanges ►► Fees per calendar per month per user ►► No firm level netting for clients ►► CME exchanges charged individually: ── E.g. CBOT ($90) COMEX ($90) + NYMEX ($90) = $270 MD fees per month per user ►► ICE exchanges charged individually ►► EURONEXT exchanges charged individually ►► Cleared clients, charges billed to the account ►► Give up clients. Charges billed to department code ►► 1 month notice required for cancellation of a subscribed exchange
22 www.neon.trade NE N F X NEON Help & Support
►► 24 hour ‘chase the sun’ support model
►► Regional offices in HK, London and New York
►► Full team of market professionals with access to
client front end data and exchange level data
for swift issue resolution
►► One number & email:
── Tel: +44 207 655 6006
23 www.neon.trade NE N F X Disclaimer
This report was approved and issued by Marex Financial Limited (“MFL”), a company within
the Marex Spectron group. MFL is incorporated under the laws of England and Wales
(company no. 5613061 and VAT registration no. GB 872 8106 13), is authorised and regulated
by the Financial Conduct Authority (FCA registration number 442767) and is a member of the
London Stock Exchange. MFL’s registered address is at 155 Bishopsgate, London, EC2M 3TQ.
Nothing in this report consttitues (1) an offer of service, (2) an offer to purchase or sell
investments or any other product or (3) investment, tax or legal advice.
For important information concerning the contents and usage of this report, please visit
http://www.marexspectron.com/CDD_Disclaimer.aspx
24 www.neon.trade NE N F X