The Depth of Market (DOM) shows the best bid and ask prices for a financial instrument.
To open the DOM, right-click in the Market Watch, select “Depth of Market,” or press Alt + B.
Two types of operations can be performed in the DOM:
- Market Orders: Buy or sell at the current market price via the order function at the bottom.
- Pending orders: Place pending orders to buy or sell at a specified price from the DOM table.
The new pending order is displayed in the Toolbox’s Trade tab. As soon as there is a market participant ready to buy or sell the financial instrument at the specified price, the order will be filled and will turn into an open position.
How to place a pending order:
Pending orders are placed using the red and blue arrow buttons Set Buy Limit/Buy Stop or Set Sell Limit/Sell Stop next to the desired price:
- To place a Buy Limit order, click Set Buy Limit in the Bid price area.
- To place a Buy Stop order, click Set Buy Stop in the Ask price area.
- To place a Sell Limit order, click Set Sell Limit in the Ask price area.
- To place a Sell Stop order, click Set Sell Stop in the Bid price area.
To delete an order from the depth of market, hover the mouse cursor over Set Sell Limit/Sell Stop (or Set Buy Limit/Buy Stop) to the right and click Shift. The button will change its view to Delete level. Click the button to delete the order. Or visit the Trade tab and close the pending order from there.
