htX Baskets -- Long/Short by Item

htX Baskets has been modified to allow Long and Sell Short orders within the same basket. The implementation is simple and straightforward. It relies on the trader to specify which Items within a basket must be sold short. When a sell basket is entered, the application will check the “Short Only” flag for each item. If the item is marked Short Only, then a sell short order will be entered, even if the user specified Sell for the basket. Those items not Short Only will be sent as Longs. If the basket is entered as a short, then all orders are sent as sell short orders, no matter the Short Only setting.

Specifying “Short Only”

Marking an Item as “short only” is done after creating the basket. Follow these steps

1.       Create the Basket as you normally do.

2.       If not already visible, open a Popup window with Basket Items by selecting the menu Configure àNew Popup Window à BasketItems

3.       Add the Short Only column to the window by right clicking on the yellow button and moving the Short Only field from Available Fields to the “Fields in Layout” list.

4.       The Short Only field is a True/False field that can be toggled by double clicking on it. When true, then orders are sent as sell shorts even if the wave’s side is Sell.

5.       The default for the new field is False.

Image of Basket Items with Short Only set.