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Video Tutorial
beeTrader 2018 – Symbol Manager
Features
beeTrader interfaces to Webank through the T3Open platform. Therefore the T3 platform is not sufficient, but it is necessary that the T3 Open is also started on the PC. Using this broker you have access to the historical data of many instruments both between titles/stocks and between futures and it is also possible to obtain the Options Chain for Italian titles and for the main European indices.
The connection between beeTrader and Interactive Brokers occurs through the creation and connection of the assets in Symbol Manager.
Example of a Future connection
Once the asset has been created, as shown in the section of the manual Symbol Manager, we now proceed to the connection.
Through the registry of the asset you want to use (in this case the future EURO BUND expiration 09-18) available directly from the T3 Open platform, it is possible to obtain all the parameters necessary for the connection between beeTrader and Webank.
- Symbol: it is the symbol of the asset as requested by the broker;
- Broker Costs: is the commission cost provided by the broker. If the desired one is not present, or if you wish to make changes, the commission profiles are available in Symbol Manager under Broker Costs.
Using the title search function of the T3 Open it is possible to retrieve the connection symbol (Item).
Example of stock connection
Once the asset has been created, as shown in the section of the manual Symbol Manager, we now proceed to the connection.
Through the registry of the asset that you want to use (in this case the Eni future SpA) available directly from the T3 Open platform, it is possible to obtain all the parameters necessary for the connection between beeTrader and Webank.
- Symbol: it is the symbol of the asset as requested by the broker;
- Broker Costs: is the commission cost provided by the broker. If the desired one is not present, or if you wish to make changes, the commission profiles are available in Symbol Manager under Broker Costs.
Using the title search function of the T3 Open it is possible to retrieve the connection symbol (Item).
Example of Futures Chain and Options Chain connection
Once the asset has been created, as shown in the section of the manual Symbol Manager, and connected it as illustrated above, we proceed to link the Futures Chain.
Then select the desired asset and right-click to select New Futures Chain.
The T3 Open already provides the list of underlyings with futures, so the only thing to do is to select the correct underlying and press OK. If the desired underlying is not available, click the “Refresh Futures List” button to download the updated list from the T3 Open.
- Underlying: select the desired one from the list of underlying assets;
- Refresh Futures List: update the list of underlying assets available from the T3 Open;
- Broker Costs: is the commission cost provided by the broker. If the desired one is not present, or if you wish to make changes, the commission profiles are available in Symbol Manager under Broker Costs.
On the settings window there is the Test Settings button that checks by downloading the chain from the broker if the settings are correct. If the settings are not correct an empty window will appear, if they are correct a window will appear containing the chain.
Similarly, select the desired asset and right-click to select New Options Chain.
- Underlying: select the desired one from the list of available underlying. It is possible to select more than one underlying, in this way it is possible to have both monthly and weekly expiries, which on the T3 Open are coded with different underlying assets;
- Refresh Underlying List: update the list of available underlying from T3 Open;
- Broker Costs: is the commission cost provided by the broker. If the desired one is not present, or if you wish to make changes, the commission profiles are available in Symbol Manager under Broker Costs.
On the settings window there is the Test Settings button that checks by downloading the chain from the broker if the settings are correct. If the settings are not correct an empty window will appear, if they are correct a window will appear containing the chain.
If you are having difficulty entering new Assets, we advise you to refer to those already entered to check the correct parameters.
Expiry of a Future
As we all know, futures, both on indices and on commodities and on bonds, are subject to expiry which usually occurs every three months, but can also occur every month. In Symbol Manager an expired future is highlighted in red at this point therefore it is necessary to replace the connection symbol of the future, the name and the expiry date.
With this in mind, the Clone command is present, which allows, once an asset is selected, to clone it into a new one that will keep all the parameters of the previous one except for Name and Expiry and symbol of connection to the broker. Using the Clone function to replace an expired future becomes much faster.
The expired symbol is highlighted in red.
Since the default symbols are not editable, we select the future expired and click on the CLONE button.
At this point we are required to assign a name to the new asset, we call it CRUDE OIL 12-18.
Now we have the new future CRUDE OIL 12-18 and we can make the necessary changes.
We proceed to modify the date directly from the main screen, and then the connection symbol for Webank that can be retrieved from the T3 Open as seen above.
In a few steps the new CRUDE OIL 12-18 asset was created by cloning the expired CRUDE OIL 09-18.
At each quarterly expiry, the list of symbols is in any case updated automatically.
WeBank documentation
WeBank Guide to Margination on Derivatives