 Welcome to the Bookmap Platform Details webinar. This is Bruce at Bookmap Wrist Disclaimer. Trading equities and futures involves a substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. For more information go to bookmap.com. There is a free 14-day trial of Bookmap. It comes with education. You get access to the educational course. There are four parts. You also get access to the live advanced order flow webinars. Those start in about 26 minutes. There is a host of other resources that you also gain access to. You get the platform, understand how to use it, and then learn how to trade order flow with it. Not just order flow. Bookmap is able to visualize this information in a very unique way that you can start to understand the book and how traders are behaving in the auction on much higher time frames. Therefore, you are able to use the order book on much higher time frames to make more insight for your trading decisions. Good morning Gary. All right. Where do you find the course? You can email me. You've been with us for quite some time. Great to have you here, Gary. It's for current customers and those that you receive an email that will give you access to that. That might be before you are involved with us, Gary. Just email me at bruce at bookmap.com. More information you can reach us at support at bookmap.com as well. Let's jump in and take a look at the website quickly just to give you guys an understanding of who we are and how to access some of these things in bookmap. This is the home page and here's the about section. There's an intro video that's a couple minutes. Watch that. I give you an insight to what's going on and then just some overviews here of what bookmap is. You can click here for the registration for the webinar. You can also try the product here and testimonials. There's also a bookmap for equities. It's not just for futures. That said, in January, we're also going to offer cryptocurrencies. You'll be able to trade Bitcoin using bookmap, which I can't wait. It's going to be a significant advantage being able to read the order book and current and historical order book and the cryptocurrencies. It'll give us a lot of insight. This is the data feed using NASDAQ TotalView with DevExperts. That will allow you access to equities. For futures, these are the ways that you connect bookmap. There are some platforms here like Ninja, TTX Trader Pro, and Interactive Brokers Traders Workstation. We connect also to the API of these three platforms. However, bookmap is a platform just like they are. Therefore, you can just connect bookmap directly using CQG, Rhythmic, Gain, IQ Feed, Transact, or DevExperts for NASDAQ, or I should say all US equities. Pricing information and the free trial here. There's bookmap basic, advanced, and quant. Let's see the basic. It's 49 per month. This is truly the only version there is of bookmap. The other two versions here are just additional features that are added to the basic platform. I can just cover some of those features. With either bookmap, basic, or advanced, you get the 14-day trial. You also get with the advanced the ability to trade right from the chart. One-click trading. This is a significant advantage because you have all of the order book information in front of you. Therefore, you can hide your stops behind high liquidity, or you can front-run that high liquidity to guarantee or a higher probability of getting filled before others do. Then there's a host of proprietary indicators we have developed for reading the book. Like players and order flow. For example, large lot tracker identifies larger players holding the majority of liquidity at specific price levels. There's a volume and balance indicator, a book and balance indicator. Iceberg detector. Again, this is for larger players identifying where they are providing liquidity without it being shown in the book. It's using a hidden order or iceberg order. There's also a correlation tracker here for looking at correlating markets to your trading instruments. Quants, you can reach out to us here and ask about more information. You can have your own specific needs. Let us know what those are and we can help you out. If you need a data feed for a trial, you don't have a futures account yet. You can click here and get a two-week trial usually of specific data feeds. If you want more information, there's a complete comparison chart here that you can click on. These are some of our partners here. A bit further down, you can reach us here at phone number and also support at bookmap.com. Follow us on Twitter, social media, get up-to-date information of what's going on, at bookmap underscore pro, and then our YouTube page here. Many of videos, intro videos, features and components, and order flow, video snippets to go over. Let's go through the platform and I just want to take a bigger picture approach here. NASDAQ is selling off, but nothing else is, well back and forth here I should say, on the S&P and on the Russell. But NASDAQ, pretty severe sell-off here. We may take a look at oil here because I want to show something very unique in bookmap. It demonstrates really well how these markets operate and how bookmap very clearly visualizes this information. We'll go over this because there's a pretty good example here. For those of you who are new looking at bookmap, let's go through it. This looks probably pretty foreign to anything else you've seen before. It's actually really simple data. It's more clear and transparent and objective data than a candlestick chart is, especially than indicators. Bookmap is not an indicator. It is a very objective view of the current market and historical market. What we're showing here in this chart are basically three different elements. The historical best bid and offer, the volume that traded on the historical best bid and offer, and the current order book as well as the evolution of the order book, the historical order book. That's the grayscale that you see here that's plotted onto the chart. We do have an indicator sub-panel here. I'm going to close that up. We're just going to go through the basics here. We're going to actually put on a candlestick chart since we're accustomed to looking at that. We're going to turn off all of these other levels of data. Let's zoom out a bit. Let's take a look at crude here. You can see a lot of sideways action. This here, well, this is the 1035 candle here, so five minutes from 1030 to 35. Look at the volatility there. We had oil inventories at 1030. We're going to go over that here because it's a really good demonstration of how these markets behave and how liquidity is so important, understanding that heat map. The candlestick chart is open, high, low, and close of a five-minute period. What happened within that five-minute period? We have no clue. There's all sorts of volume that traded. We don't know where it traded. We don't know how much. We don't know what type it is. Was it aggressive buying or selling? These are all really important issues to understand for much better and insightful trading decisions. That is not on this chart whatsoever. Even a footprint chart is not going to show you that. It will show you the volume and where it traded and what type, but it's aggregated. It's aggregated on a timeframe or maybe a bar rotation. That's disguising really what's going on. That's a problem. That problem is solved here in Bookmap by just simply showing you historical best bid and offer. Here we have historical best bid and offer with the red and green line. This allows us to see microstructure. We can see all sorts of little microstructural areas that are broken, and then we see rejection of areas and back up into the structure, etc. This gives us a lot of insight to what's going on here, especially when we turn on the volume. We can see here, for example, a nice cluster, actually a few. One here and another one here. Then we see the news release here at 10.30. Francis, I replied to your email and forwarded that on to ... You're looking for some of the quant features, so someone should get back to you on that. You need to speak to someone that can help you out more with hooking you up with the specific features you need. I've emailed them and you'll receive a reply pretty soon. Yeah, no problem. No, we understand. We've worked with several quants. This microstructure, we can see how we moved up quickly, moved down, went sideways, and then just a lot of volatility. We see a little outcome of that now at 10.45. We see this nice move to the upside now. We'll go through it, but let's continue on here. That microstructure, what about where the volume traded? Let's take a look at that. We'll turn on the volume dots. The dots here, I'm just going to take the candlestick off here just because it's really not showing us too much. Now we're understanding just two elements presented here on the book map chart. That is historical best bid and offer and the volume that traded in those areas. Let's zoom into an area and check it out. You can see a nice little move here, microstructure, broken, retest down again, and then it moved right back up. We accept above this area here, as you can see, right here at this 57 and 78. Then that was broken over here. Let's zoom into one of these areas here and I want to show you these volume dots. I'm going to bring up the volume dot size a bit and we'll zoom in. What we're showing you here in book map, we'll just zoom in. Here's your very, very simple representation of the market. Historical best offer is the green line. Historical best bid is the green line. Best offer is the red line. Now, you can see it's just a tick wide here. That's the spread. We can see other times where the spread widens out. Crude is pretty tight here, so we probably won't see it. That's fine. We'll just zoom back in here and take a look at what we're displaying in book map. You see these dots here on the best offer, green dots. These are transactions. We can use the roll over or the data tip tool here. It gives us the date, the exact time, down to milliseconds at this point. We can continue to zoom in and we can zoom in to nanoseconds. Billions of seconds. Here we are. We're down at nanosecond level here. We don't trade at those levels, but we're just showing you that we're recording every single market event. We have a complex event processor that can record all of this data and present it to you. You're getting a very objective view of the marketplace. The transparency is what is key here. As I zoom back out and we come back to millisecond level here, a blink of a human eye is between this vertical line here and this line here, 200 milliseconds. These three trade events here took place in less than about half of the time it takes to blink your eye. That's how quickly these markets trade and they trade algorithmically. We want to understand that algorithmic price action. We will see it. If I hover over this dot, it shows me the date, the time, the liquidity here on the ass with 61 contracts. It's also showing me the volume. Volume is just one. This one here is one as well. They're all here just for volume of one. That's what we're showing here with volume and historical best bid and offer. That's great. As I start to zoom out, we consolidate just graphically and visually as we compress the timeline. We consolidate this data into bigger dots. That area down here, it will start to become just a bigger green dot at a specific point when I consolidate this data. At that point, you can see that there's so many transactions that take place that we just give you the overall delta of that volume. Right here, very quickly, 422 contracts traded. It caused the breakout of this area and we accept it above for a bit. The majority of it, about two-thirds or maybe three-quarters of this volume, was aggressive market buys. About a quarter of it was aggressive market selling. You have an understanding of that volume and what type of volume, exactly where and how much. It gives us a lot of insight. Now we have that microstructure and the play of volume within that microstructure. Let's go to the heat map and let me turn that on because this is the next level of information. This is the third level of information that we're showing you. What is it? Let me zoom in here. It's the order book visualized. Here's our limit order book here. This is our best bid and offer in this column, the current order book column. This is our depth here on the offer and our depth here on the bid. Here's our price ladder. This is a dome. It's a simplified dome here in Bookmap. These are traders providing liquidity at these levels. This offers a lot of insight to understanding the auction. We want to understand where that large liquidity is and how these players at these levels behave. Do they have the intent to sell on these levels or are they going to pull that liquidity and is it going to come up further into a higher area in trade? These are all questions that we want to answer. We look at the order book for understanding the behavior here. The problem with the current view of this order book is you can see these numbers change. That's a problem because as soon as they change, we don't know what the data was unless you memorize it. For the current book and auction, the dome is good. To really utilize this information, you'd have to memorize these price levels and the behavior around them. In Bookmap, we're showing a graphical representation of that order book here. Here's our best bid and offer. The last traded volume is this number. Then you can see the heat map. The heat map is showing us high liquidity here. The number here, these very high numbers, are painted bright white in Bookmap. Slightly lower liquidity is going to be a little bit darker shade of gray. We can start to understand these levels now and we can start to understand the behavior of these levels because we record this data here. We solve that issue of that problem with the dome that does not display you the historical view because we projected onto the chart here historically. These striations that you see here at this 5825, this is the adding and pulling of liquidity. As I hover over these areas, you can see very clearly, 195 contracts and then it's darker down to 109. 109 and then 122, back to 175, back to 211 in this area here. Now it's 171. We can start to gauge and understand the player at this price level. We can start to see if they really mean to trade at these levels or not. As price comes up towards them, will they pull or will they stay in the book? We can answer all of that information or all of those questions when we come back up into these areas. You can see how important this is. You can see we just came down and tested these guys here on the offer. They pulled and went one price lower. We can see it right here. That's their behavior. It looks like we're going to come up and test our 25 area now. It's looking pretty poised here to see if these guys mean business up here. Before we get into the live market here, what I want to cover is this event. This is a really strong breakout. There's no question about that. Understanding liquidity and understanding how these markets trade. This is key. This is a good example right here. It's just amazing to me every time I see this. Right here at 10.24 and 32 seconds. Look how everyone started to pull their liquidity at that price level. Why are they doing that? They don't want the risk of the data that's coming out here at 10.30. They're pulling. We see another level here. If I hover over this area at 10.27, note that the heat map here, just to the left of my vertical crosshair line, note how they started pulling there again too, especially here. They don't want risk. Why did we trade up here and why did we trade down here? Because that's where there's liquidity. Everyone else pulled here. When we get volatile action like this, it's because there is a lack of liquidity. You can see how important liquidity is, just very, very simply looking at this example. Understanding this information, understanding the behavior of these players at these levels, offers you a lot of transparency and insight to making trade decisions here. There's many ways to read this, and that's what we go through in the advanced order flow webinars that we'll start in here just a couple of minutes. I'm sorry. I don't have more time to go over this. It would be really good to see if we're going to come up into some of these higher areas here, but they're getting pretty aggressive in the order book now, as you can see in crude. Let's see here are some questions. George, let me explain your question about liquidity and if there's pulling or if they're adding. It's really contextual. This is not a binary responsive type of thing. It's not like an indicator crosses over and therefore I do this or I do that. It's an auction. Markets are complex. We're looking at the auction and we're making trade decisions based on the auction. That's what we want to understand is the context of the auction. It's not just because they pulled liquidity that all of a sudden the market is going to shoot through those areas. It could, but what if there's just no more buyers or sellers or let's say they pulled liquidity on the offer but the aggressive buyers don't show up? Well, the market is going to exhaust out and it's going to rotate back to where it can. In fact, that's what it kind of looks like. Well, you can see an example here. Exhaustion, you can see an example here of exhaustion, also here. Why did it rotate here? Well, we don't see liquidity in this area. Not necessarily. If we zoom in, we'll probably see little pockets of it here and there. But look at the selling. There's no sellers. It rotates up higher because it can trade up in this area. It's demonstrated it can trade up here. That's where it goes. It also finds liquidity up here too. Then the buyers step in with high liquidity up in this area. So we're understanding that now there's buyers that are interested here. We know that. And I can pretty much guarantee you that they got filled in this area because look at the move here to the upside. The buyers are engaged. So now we know that. And we can see that they swept through this area right here. Just because there was high liquidity doesn't mean that we're going to bounce back down lower. The buyers took them on. They took all of that liquidity. So when it came up to this level, the sellers up here, that they're providing high liquidity, 202 contracts were at this level or 204 contracts. When they came up to this level, the buyers said, I'll take all of them and plus more. And we swept the book. Understanding sweep of the book and how we go to higher price ranges is an essential market behavior to understanding the order flow. And this is what we go through in the educational course. Anyway, I've got to leave it at that. And for those of you who are registered with book map, we'll see you in the next webinar starting in just a minute. Okay. All right. Take care. Bye-bye.