 OK, welcome to the Bookmap Platform Details webinar. For those of you who are new here, welcome. And we'll go through what Bookmap is displaying and some of the basics and answer all of your questions regarding the different features and components in Bookmap. And then we'll take a look at a little bit of the order flow, just some of the basics. So let's start off with the risk disclaimer. Trading equities and futures involves substantial risk of loss. It's not suitable for all investors. Past performance is not indicative of future results. Let's go to bookmap.com and find out more information about it. Now you get a 14-day free trial period with Bookmap. It's basically risk-free. So you get a fully-featured Bookmap, as well as access to all our resources. One of the resources is the Advanced Order Flow webinar. It starts at 11 Eastern. So in about 28 minutes. And there we don't really answer many questions about the platform or the components. We really dig into the order flow, understand what's going on in the live markets, and anticipate future price movement. So we're really integrating and learning order flow within our own trading methodology. Whatever it is that you might be trading, the key here is to start to understand what's going on in the order flow at those specific areas to allow for a much higher probability trade. All right, so let's take a look here at Bookmap. This is where you can find it. OK, here's the home page. Let's click on Explore. There's an intro video here. And then you can scroll through all the different features about the platform here, benefits, testimonials. You can see that we connect also to NASDAQ TotalView. So we have equities here in Bookmap. And then a bit further down, connectivity. You will need to connect Bookmap to the live markets using one of these data providers or brokers. And that's important. We're not a data provider. We are a trading platform. So you will need this to connect to the futures market, or you can use this DevExperts and NASDAQ here TotalView to connect to US equities. Here's where you find the 14-day trial period. It's underneath the free trial here. And there is really only one version of Bookmap. It's BookmapBasic. It's $49 per month. It's billed quarterly. And then there's the advanced features or add-ons, I should say. And this is $99 per month and it's billed quarterly. And what you get with this is the BookmapBasic, but the ability to trade right from the Bookmap chart. And this is a real nice advantage because you can see the liquidity heat map there. And you can start to place your orders and optimize your entries and exits in your trade management because you have the liquidity there in front of you. You understand where to put your orders. And that's going to allow for higher probability trading. We also have our own proprietary indicators that we have developed that looks for exclusive or distinct advantages in the order flow. For example, looking at the large lot tracker, we're able to understand the way that the orders hit the book that we might find a larger player at a specific area. We want to know who these players are. We also can see imbalances in the volume as well as the order book. We also have iceberg detector when the price is starting to hit an iceberg to understand where larger players are getting filled and absorbing without showing their limit orders in the order book and a correlation tracker and some other details as well. Quants can reach out to us here if you want to learn more and connect your own data feeds, et cetera. OK, well, let's jump into Bookmap. And let's take a look here. So I have some limited data here. Let's take a look at the NASDAQ. We've been looking at the NASDAQ. Yesterday, we actually looked at the S&P. It was nice to return back to the S&P. And all right, so this is the Bookmap chart. Now, this may look like there's a lot going on here. It's actually really pretty simple. And I'm going to close this indicator panel here because Bookmap isn't an indicator. We offer some indicators for our data, our visualization of the market. But we're not a derivative of time, price, or volume. We're actually a very objective view of the marketplace. So what's being shown here on this chart? Let's zoom in a little bit more here. What are we showing? We're showing just basically three items, historical, best bid and offer. And the dots here, these are trades. So we're showing the trade activity on the historical best bid and offer. And then we're also showing the limit order book. Now, the limit order book is over here in this COB column, the current order book. So this is your DOM and Bookmap. Let's zoom in a little bit more. And you can see it right here. This is your depth of market. And now, this heat map that you see here is just a graphical representation of this limit order book, the DOM. And what you're seeing to the left of this vertical white line here is the historical view of the DOM. So we've recorded all this data. And it's nothing complex here. It's just the historical view of the DOM. Where were they offering and where were they bidding? And this offers tremendous clarity and insight to the market. You can see, look at this wall of liquidity between 61 and 62 right now. So any questions? There are so many different features and functionality here to go through. We also offer up here, there's automated trading strategies. There's an API. If you're a programmer, you can program your own automated trading strategies and indicators. There are many other features and components here. The ability to trade from the chart. And we have all these different studies from the studies configuration here that you can see. And I won't get into the details here, but I just want to show some of the user interface. And we can look at volume in so many different ways here. And it's really, really up to you. It's very, very configurable. The columns data over here, we're looking at some volume columns. And we can also, we can right click in these columns and you can see all the different data types that we can offer. Current order book, we have volume, we have a trades counter. So you can look at the number of trade events instead of the actual volume or both. If you want to open up another column, you can do that by inserting a column here. Trades counter, a quotes counter, a number of quotes refreshed. Quotes delta, quotes that were added or pulled. Liquidity or added or pulled. We have a notes column, a custom notes and cloud notes and a time and sales column as well. So all sorts of different features and components. And you can see that we have two columns here. In fact, we have the chart range column and a session range column. So when I opened up book map, I started collecting this volume column here. And then if I zoom in, you can see that the chart range volume profile is giving me the profile, the volume profile here of this viewable chart range. So all sorts of different data here and configurations. But in general, very, very simple chart, very objective and is just trying to show you historical best bid and offer the traded volume and the limit order book, but the historical view and the current view here. So to further display this or go through some of the features here, I'm going to just turn on. We have options here for candlesticks to see on the chart and see how price is relating to that candlestick within that period. And we're going to turn off some of the other data here. And we're just going to look at this candlestick chart. And I'm going to quickly demo this here for you. So here's our candlestick chart, five-minute candlestick chart. We can see that price moved down. It kind of bottomed out down here. And we see buyers stepped in. And we see the move to the upside. So we all know candlestick is showing open, high, low, close of this five-minute period. Problem is that there's all sorts of data that occurred down here or trade activity that occurred down here that we're missing. It's all opaque. We have no clue of what happened within this five-minute period. For example, there's going to be some microstructural price activity down here. We're going to see a break of that structure. And then we're going to see that buyer stepped in here. It's all going to be within this area here. And I'm going to turn on the historical best bid and offer. And we're going to see the microstructure just with showing historical best bid and offer. This is what occurred. Here's the break down. Here's the sideways action. And here's the break out of that area. We don't get any of that data here by looking at this candlestick chart. This microstructure right here is giving us the insight to where we broke the structure here. All of this is going to be trapped volume down here. And we're going to see buyers step in. And they're going to lift the offer up into these areas. So just with the historical best bid and offer alone, we already have a lot more data. We can also see how we're in this microstructure that you don't see here in the candlestick. Look how we're making slightly higher lows here. And then finally, we get the buyers stepping in and pulling price up in this area here. This is key. It's key to understand what's going on here. This is the kind of insight we want and transparency in the market. So let's turn on the volume dots. And let's actually bring down the volume dot size a little bit. All right, that looks pretty good. OK. All right, interesting, interesting. All right, so this is a nice little change in the order flow. And interesting change here. Usually, we do see the cluster of aggressive volume up here pulling the price up. But let's zoom into this area here. It's just a little bit. We can click on this Move tool and zoom in. And all right, well, look at all the selling here. Now, what Bookmap is showing in the volume dot here is the aggressor, the aggressor classification of volume. And what we mean by that is market buys and market sells. The aggressor is the one that wants to cross the spread. They want into the market. They're willing to pay up and get involved immediately. So we see the selling that came down here. And this is where we see a nice little change in the order flow. It's pretty interesting. Look at the buying that stepped in here. Pretty aggressive on the buy side. We see the dots here. Now, I'll zoom into this dot here. And I'll show you exactly what occurred here. Note how, as I zoom in, I'm pulling apart that timeline. And I'm showing you every single trade event here that took place. In fact, we have a little bit of latency between the traded volume and the best bid offer that came through here. The best offer is a little bit behind here, as you can see. They come in via different protocol. And that's just part of the game in the high frequency environment. So anyway, we'll zoom in here a little bit further. And here's our historical best offer and our historical best bid. We can see the spread widened out a few ticks here. And then narrowed back to one tick wide. Here are the dots. The trade activity, the aggressor, a green dot is a market buy. They took liquidity off of the best offer. Market sell is a red dot. You can look at the details here. We'll see hover over it. We get the date, the time. What was on the ask here, the liquidity, was four. And then we see this for a volume of two. And this sell here was for a volume of one. So we have all of this data here. It's all down to the microsecond or nanosecond. We can continue to zoom into areas and see exactly what occurred. And all of these trade events are recorded. It's pretty powerful data. And you can see it on a very, very low time frame to see exactly where you're getting filled. Or you can start to zoom out. And you can see that as I compress that timeline together, we're giving you the overall shape of that volume here. So this pie chart, what is displaying here? It shows a volume of 463. And about 2 thirds of that was aggressive buying. And another third was aggressive selling. So now we can see microstructure. And we can also see where the volume traded within that structure. And that's giving us the insight here. Now, even a footprint chart is not going to give you that microstructure. You're not going to be able to see it because it'll just aggregate just like this candle did right here. It's aggregating all of this data, all of this trade data, all of this information right here between these two candles is consolidated and aggregated here with this open, high, low close of this candle. That's it. That's all you're getting with this candlestick. But we're understanding now that we see the aggressive selling coming in. We see aggressive buying. And we see a potential change in the order flow occurring right here. We get a retest of that area here all within this five minute period. And look at the volume that traded down here. I mean, there's a little bit of selling. But it's not like the selling that we saw previously. We're getting a reversal in the order flow. We're getting reversal in the volume. It's turning from the aggressor seller to the aggressor buyer. We see a little bit more, it's an interesting little triple bottom here or quadruple bottom to see. Because usually we don't see the aggressor come in so early. But on the buy side. So we get the retest here. We get another retest here. A little bit more buying steps in. This selling steps in again here. They're just not able to pull it back down. They dry up in this area at 6036. We even see some retests of that little area here. And then the buyers step in yet again. This is where the order flow. Now we have some insight here. So we're looking for pullbacks. And we're looking for the buyers to step in. Took a little while here. A couple of retests back and forth and back and forth. And then finally, we see the breakout here. And to be honest, I was looking for a little more aggressive volume to trade up into this area here. Bigger green dots probably right in this area here. And we actually don't get it until over here on this side. So anyway, that's what Bookmap is displaying. That's the insight that is getting you. And we've just looked at volume. And that's basically it. Historical best bid and offer and volume. And we're going to already see quite a bit of detail here. This is the kind of analysis we do in the live advanced order flow and understand what this price activity signifies. And we start to then anticipate when we see this change in the order flow, anticipate the move to the upside. And then we continue just to read it. And let's see this area here. Well, now let's go to current price now. So I'll click off the move tool and zoom out a little bit. Right, so this is one side of the order flow. It's just the traded volume. And that's the side we're mostly accustomed to. There's a whole nother side here that really makes a difference though. And that we get from the limit order book, the dome. We want to see, like for example, look at this area here at 65 and three quarters, 247 contracts, okay? That's quite a bit of liquidity on the sell side. We want to know that. We want to know, and we want to know how these players up here, how they're performing or behaving. Are they adding? Are they pulling? How long have they been here? All of that kind of information, we don't know that. Once this number changes, then that data is lost, okay? So that's a problem with the dome, okay? Because we don't have that transparency. It's completely opaque, I mean, literally. I mean, we don't even see the action here, okay? And if I turn on the heat map though, you can see how book map solves that issue, okay? Here's the record of that liquidity. Now we know these are larger players. They've been in this market a long time. It looks like they have the intent to trade up here between 65 and 66, okay? Now we'll get our answer once we come up a little higher, but they've been waiting patiently in line to get filled at this area. Now, as price has been coming up, look how other players have been jumping up in front of their large liquidity. So some of these players are starting to front run that large liquidity here that we see at this 65 and three quarters, okay? Now they're starting to pull as price is coming up this time, this one more rotation here. Looks like we're gonna come in and test this area here at 66, okay? And here we come. They're already charging up there, all right? And so now we're getting an understanding of the offer and on the bid too. Look at this area here at 60, 110 contracts, okay? So buyers are actually getting, they're not too aggressive, but they are bidding up at a higher level, okay? Whereas they were previously down here, now they're bidding up here, okay? And we're starting to trend upwards, all right? And we're understanding the auction in context to the price action and the transactions, okay? The structure and the transactions, all right? So that's the kind of transparency that you can visualize or that bookmark visualizes for you. And that's gonna allow you to make these more informed trading decisions, all right? So yeah, we're just channeling now between these areas of high liquidity and that's the current state of the market right now, okay? We saw, look at this failed auction breakout to the upside. Look like we were gonna test the 66 area here, and we may. I mean, we might get another rotation down and then we might get this one more rotation back up because we see more volume starting to trade up here, all right? Look how we just exhausted out on the sell side here. So let's see if buyers now step in, okay? Let's see if we get the aggressor, that buying to lift the offer trade up into this area here and then maybe a little bit of price discovery a little bit higher here, okay? All right, guys, well, let's wrap it up. If no questions on the software and for those of you who are in trial or current customers, we'll see you over in the advanced webinar in five minutes. Okay, all right, thanks, guys, bye-bye.