Open Positions Tab
The "Open Positions" tab in Neovest's Account+ window is designed to maintain a record of all open positions sent from your account. For a position to be considered "open," you must either be long or be short a number of shares of a particular ticker symbol.
Neovest also provides you with multiple Close selections in the Open Positions tab that enable you to (1) sell all of your long positions at market, (2) buy all of your short positions at market, (3) close all of your open positions at market, (4) close a specific percentage of your individual open positions, and (5) close a specific percentage of all your open positions that are displayed in an Open Positions tab.
In addition, Neovest lets you track your open positions that are displayed in an Open Positions tab in an Account+ window.
Neovest's Open Positions tab contains several default display fields (i.e., "Time," "Buy/Sell," "Quantity," "Overnight Quantity," "Symbol," etc.) that provide you with essential information regarding each of your open positions, thus enabling you to effectively monitor your open positions.
The Open Positions tab displays only one entry per symbol, regardless of the number of open positions you may hold on a symbol. When you hold more than one open position on a particular symbol, the Open Positions tab combines the information from all of your open positions and calculates averages and totals for the symbol.
For example, if you recently sent three separate orders from Neovest's Order Entry window to buy shares of the symbol INTC, then there would still be only one entry for INTC in the Open Positions tab in Neovest's Account+ window. Furthermore, the "Time" display field would show the time that you sent the most recent of the three open position orders for INTC from Neovest's Order Entry window, the "Entry Price" field would show the average entry price of all three open position orders, and the "Commission" field would show the total commission charge for all three open position orders.
As soon as you close or cancel all open positions on a particular ticker symbol in your account, the symbol will be removed from the Open Positions tab and will be sent to the "Closed Positions" tab in Neovest's Account+ window.
The following information (1) provides descriptions of the default display fields in the Open Positions tab, (2) explains how you may track your open positions that are displayed in an Open Positions tab, and (3) explains the multiple Close selections that enable you to close all or certain percentages of your open positions that are displayed in an Open Positions tab in an Account+ window.
The following table provides descriptions of the default display fields in the Open Positions tab in Neovest's Account+ window:
| Feature: | Description: |
| Time-Date | Shows the time and date of the order message (i.e., "Sent," "Pending," "Partial," "Canceled," etc.). |
| Buy/Sell | Shows a "Bought," "Buy Cover," "Sold," or "Sold Short" for all open positions for each symbol. |
| Quantity | Shows the total number of shares entered for all open positions for each symbol. |
| Overnight Quantity | Shows the total number of shares entered for all open positions before the current day for each symbol. |
| Symbol | Shows the ticker symbol for which information is currently being displayed. |
| Entry Price | Shows the average entry price of all open positions for each symbol. |
| Day P&L | Shows the current day's profit
and loss of all open positions for each symbol. Each value for all long positions under the Day P&L display field is calculated by subtracting today's entry price from the last market price and by multiplying this sum by all shares that were opened today for each displayed symbol; this sum is then added to the sum of the last market price minus the previous day's close price multiplied by all open shares that were opened before today for the displayed symbol. Formula: ((MktPrice – TodaysEntryPrice) * TodaysQuantity) + ((MktPrice – PClose) * OverNightQuantity). Each value for all short positions under the Day P&L display field is calculated by subtracting the last market price from today's entry price and by multiplying this sum by all shares that were opened today for each displayed symbol; this sum is then added to the sum of the previous day's close price minus the last market price multiplied by all open shares that were opened before today for the displayed symbol. Formula: ((TodaysEntryPrice – MktPrice) * TodaysQuantity) + ((PClose – MktPrice) * OverNightQuantity).  Note: Neovest uses slightly different Day P&L formulas to calculate position values for options positions. Simply replace the "PClose" component in the above position formulas with "CMid," whose value is determined by adding the closing bid and ask prices from yesterday and dividing that sum by two to get a mid price, to realize Neovest's correct options Day P&L formulas. |
| P&L | Shows the total profit and loss of all open positions for each symbol. Each value for all long positions under the P&L display field is calculated by subtracting the entry price from the last market price and by multiplying this sum by all open shares for each displayed symbol. Formula: (MktPrice – EntryPrice) * Quantity. Each value for all short positions under the P&L display field is calculated by subtracting the last market price from the entry price and by multiplying this sum by all open shares for each displayed symbol. Formula: (EntryPrice – MktPrice) * Quantity. |
| Return Percent | Shows the positive or negative return percent based on the invested funds of all open positions for each symbol. For example, if you currently have a long position on a particular symbol at $100 per share and the current price of the symbol is $80, then the current value in this field for the symbol would be "-20.00." |
| Cost | Shows the total cost of all open positions for each symbol. Neovest calculates cost by multiplying the executed trade price of each symbol by the number of shares of each position. |
| Last | Shows the last price of each symbol. |
| Bid | Shows the bid price of each symbol. |
| Ask | Shows the ask price of each symbol. |
| Mid | Shows the mid price of each symbol.
Note: "Mid Price" is defined as the current midpoint price between the bid and ask prices of each symbol. |
| PClose | Shows the previous trading day's closing price of each symbol. |
| Commission | Shows the total commission of all open position orders for each symbol. |
| Total Additional Fees | Shows the sum of all ECN, SEC, and miscellaneous fees charged by your broker for all open position orders for each symbol. |
| User Name | Shows the user name of the person who sent the open position order or orders for each symbol. |
By using the preceding table as a guide, you may understand the default display fields in the Open Positions tab in Neovest's Account+ window. For descriptions of several other display fields that you may add to the Open Positions tab in an Account+ window, refer to the "Display Fields" section in Neovest's Help documentation.
The following table provides descriptions of the non-default display fields you may choose to add to the Open Positions tab in Neovest's Account+ window by clicking with the right mouse button on an existing display field and selecting Show Fields from the menu that appears:
| Feature: | Description: |
| AcctCompany | Shows the name of the company where the trading account resides. |
| AcctShort | Shows the name of the company where the short trading account resides. |
| Ask (USD) | Shows the current ask price of all open positions for each symbol in a specific currency. For information on how you may specify a currency, refer to the "General Tab" section in the "Preferences Menu" section in the 'Menu" chapter in Neovest's Help documentation. |
| Bid (USD) | Shows the current bid price of all open positions for each symbol in a specific currency. For information on how you may specify a currency, refer to the "General Tab" section in the "Preferences Menu" section in the 'Menu" chapter in Neovest's Help documentation. |
| Call/Put | Shows whether all open option positions are "Call" or "Put" for each option symbol. |
| CAsk | Shows the previous trading day's closing ask price of all open positions for each symbol. |
| CBid | Shows the previous trading day's closing bid price of all open positions for each symbol. |
| CMid | Shows the previous trading day's closing mid price of all open positions for each symbol.
Note: "Mid price" is defined as the current midpoint price between the bid and ask prices of each symbol. |
| Currency | Shows the currency you specified for all open positions for each symbol. |
| CUSIP ID | Shows the proprietary symbology identifier used by CUSIP (Committee on Uniform Security Identification Procedures) to identify the security associated with all open positions for each symbol. |
| ECN Fee | Shows the fee that each ECN charges for all open positions for each symbol. |
| Entry Price (USD) | Shows the average entry price of all open positions in a specific currency for each symbol. For information on how you may specify a currency, refer to the "General Tab" section for the "Preferences Menu" section in the 'Menu" chapter of Neovest's Help documentation. |
| Exchange | Shows the exchange you selected for all open positions upon which each symbol associated with the open positions is listed. |
| Exp Month (Expiration Month) | Shows the expiration month you selected for all open option positions for each option symbol. |
| GLA ID | Shows the proprietary symbology identifier used by GL TRADE to identify the security associated with all open positions for each symbol. |
| ID Source | Shows the preferred ID source you specified for all open positions for each symbol. This feature allows you to determine an appropriate ID source when a particular destination is requiring an alternate security identification. To address the needs of multiple services in the industry that create unique names for symbols, Neovest provides a number of ID sources that you may utilize to prevent potential problems that may arise with complex orders, such as when duplicate symbols appear across different countries' exchanges during international trading. When specifying your preferred ID source, you may choose from the following Neovest-specific and standard identifiers: "CUSIP," "SEDOL," "ISIN," "RIC," and "Exchange Symbol." If you specified "CUSIP" as your preferred ID source, then you are designating that you wish to enter a Committee on Uniform Security Identification Procedures ID number to identify an individual security for an order. If "SEDOL," then you are specifying to use a Stock Exchange Daily Official List ID number—which is the code used by the London Stock Exchange to identify foreign stocks, especially those that aren't actively traded in the U.S. and that don't have a CUSIP ID number. "ISIN" refers to an International Securities Identifying Number. "RIC" implies a proprietary symbology identifier used by Reuters. And "Exchange Symbol" denotes a proprietary symbology identifier assigned by a specific exchange will be entered. |
| ISIN ID | Shows the proprietary symbology identifier used by ISIN (International Securities Identifying Number) to identify the security associated with all open positions for each symbol. |
| Last (USD) | Shows the current last price of all open positions in a specific currency for each symbol. For information on how you may specify a currency, refer to the "General Tab" section for the "Preferences Menu" section in the 'Menu" chapter of Neovest's Help documentation. |
| Last+ | Shows
the current last traded price, including all Form-T trades of all open positions for each symbol.
Note: Form-T trades occur during pre- and post-market trading hours. |
| Mid (USD) | Shows the current mid price of all open positions in a specific currency for each symbol.
Note: "Mid price" is defined as the current midpoint price between the bid and ask prices of each symbol. For information on how you may specify a currency, refer to the "General Tab" section for the "Preferences Menu" section in the 'Menu" chapter of Neovest's Help documentation. |
| PClose (USD) | Shows the previous trading day's closing price of all open positions in a specific currency for each symbol. For information on how you may specify a currency, refer to the "General Tab" section for the "Preferences Menu" section in the 'Menu" chapter of Neovest's Help documentation. |
| Preferred Symbol | Shows the symbology you have selected for your Neovest system. Neovest's "Symbology" feature lets you specify the symbology identifiers that will be used to request symbol data in Neovest windows. When changing your preferred symbology, you may choose from such Neovest-specific and standard symbology identifiers as "NEOVEST," "ISIN," "CUSIP," "RIC," and "GLA." For information on how you may change your symbology selection, refer to the "Symbology" section in the "Menu" chapter in Neovest's Help documentation. |
| Reference ID | Shows the reference ID that you have assigned to all open positions for each symbol. You may utilize reference IDs as identifiers to distinguish individual orders after they are sent from a Neovest Order Entry window and appear in a Neovest Account+ window. For information regarding how you may set reference IDs for individual orders, refer to the "Ref. IDs Tab" section for the "Order Entry Preferences" section in the "Orders" chapter of Neovest's Help documentation. |
| RIC ID | Shows the proprietary symbology identifier used by Reuters to identify the security associated with all open positions for each symbol. |
| SEC Fee | Shows the fee that each SEC charges for all open sell and sell short positions for each symbol. |
| Security ID | Shows the unique ID of each symbol, based on the ID source you have selected, for all open positions associated with each symbol. |
| SEDOL ID | Shows the proprietary symbology identifier used by SEDOL (Stock Exchange Daily Official List) to identify the security associated with all open positions for each symbol. |
| Strike Price | Shows the average strike price based off the strike prices you entered for all open option positions for each option symbol. |
| Ticker ID | Shows the proprietary symbology identifier used by Neovest to identify the security associated with all open positions for each symbol. |
| Time | Shows the time of the order message (i.e., "Sent," "Pending," "Partial," "Canceled," etc.). |
| Time-Date (GMT) | Shows the time and date in Greenwich Mean Time of the order message (i.e., "Sent," "Pending," "Partial," "Canceled," etc.). |
| Underlyer | Shows the underlyer associated with all open option positions for each option symbol. |
| Value | Shows the current value of all open positions for each symbol. Neovest determines the value of each open position by multiplying the last price of each symbol by the quantity of the open position. Formula: Last * Quantity. |
By using the preceding table as a guide, you may understand the non-default display fields you may choose to add to the Open Positions tab in Neovest's Account+ window.
Note: Neovest lets you add, remove, and rearrange display fields in the Open Positions tab in an Account+ window. For information regarding how you may manipulate the display fields in the Open Positions tab, refer to the "Display Fields" sections in the "Account" chapter of Neovest's Help documentation.
Tracking Orders
Neovest lets you track an individual open position (using the Track Order selection) and lets you close all or certain percentages of your open positions (using various Close selections) via a single menu that you may access by clicking with the right mouse button on an individual open position in an Open Positions tab.
If you click with the right mouse button on an individual open position and select Track Order from the menu that appears, the "Order Tracking" box will appear and display all relevant information on the open position upon which you clicked. Neovest has now divided the "Order Tracking" window into two sections. The top section displays summary data, and the bottom section displays individual order tracking information.
If you click with the right mouse button on an individual open position and you wish to close all or certain percentages of your open positions, then Neovest provides several Close selections that enable you to do this.
Note: Certain permissions settings controlled by your account management may limit various Close features from your view. If you do not see any Close features when you click with the right mouse button on a particular open position, your account has not been enabled to close accounts via the Open Positions tab.
The following table provides descriptions of the various Close features that you may access by clicking with the right mouse button on an individual open position in an Open Positions tab:
| Feature: | Description: |
| Close
Position @ Market |
Lets you close at market the open position upon which you clicked with the right mouse button. |
|
Buy All Short Positions @ Market |
Lets you buy at market all of the short open positions that are currently displayed in the Open Positions tab. |
| Sell
All Long Positions @ Market |
Lets you sell at market all of the long open positions that are currently displayed in the Open Positions tab. |
|
Close All Positions @ Market |
Lets you close at market all of the open positions that are currently displayed in the Open Positions tab. |
|
Close Percentage of Position(s) |
Accesses the "Close
Positions" box, which lets you by default close 100, 75,
50, or 25 percent of (1) the open position upon which you clicked
with the right mouse button, (2) all of the open positions that
are currently displayed in the Open Positions tab, (3) all of
the long open positions that are currently displayed in the
Open Positions tab, or (4) all of the short open positions that
are currently displayed in the Open Positions tab.
Note: Neovest lets you change the default percentages that are displayed in the "Close Positions" box. Simply double-click on "100," "75," "50," or "25" to highlight the default percentage and then enter the percentage you wish, or simply click on the up or down arrow to the right of "100," "75," "50," or "25" to change the default percentage to the percentage you wish. |
| Close
100% of Position @ Market |
Lets you close at market
100 percent of the open position upon which you clicked with the
right mouse button.
Note: Neovest lets you change the default percent associated with this feature from "100" to any percent you wish. For information regarding how you may change this feature's default percent, refer to the "Close Positions Tab" section in the "Order Entry Preferences" section for the "Menu" chapter of Neovest's Help documentation. |
| Close
75% of Position @ Market |
Lets you close at market
75 percent of the open position upon which you clicked with the
right mouse button.
Note: Neovest lets you change the default percent associated with this feature from "75" to any percent you wish. For information regarding how you may change this feature's default percent, refer to the "Close Positions Tab" section in the "Order Entry Preferences" section for the "Menu" chapter of Neovest's Help documentation. |
| Close
50% of Position @ Market |
Lets you close at market
50 percent of the open position upon which you clicked with the
right mouse button.
Note: Neovest lets you change the default percent associated with this feature from "50" to any percent you wish. For information regarding how you may change this feature's default percent, refer to the "Close Positions Tab" section in the "Order Entry Preferences" section in the "Menu" chapter in Neovest's Help documentation. |
| Close
25% of Position @ Market |
Lets you close at market
25 percent of the open position upon which you clicked with the
right mouse button.
Note: Neovest lets you change the default percent associated with this feature from "25" to any percent you wish. For information regarding how you may change this feature's default percent, refer to the "Close Positions Tab" section in the "Order Entry Preferences" section for the "Menu" chapter of Neovest's Help documentation. |
Note: Once you click with the right mouse button on an open position and select any of the "Close" features, a "Confirm Close" box will appear. Once the box appears, simply click Yes to complete the closing transaction you have selected.
Note (1): Neovest lets you click and hold on an Open Positions tab and drag it from an Account+ window. This functionality allows you to arrange an Open Positions tab anywhere you wish on your screen. Once you have dragged an Open Positions tab from an Account+ window and arranged it on your screen, you may save the configuration in a Neovest layout. Once you close an Account+ window from which you have dragged an Open Positions tab, the tab itself will also close.
Note (2): Neovest lets you click with the right mouse button on any tab's name in an Account+ window to access a menu that will let you rename the tab. For instance, instead of the title "Orders Pending," you may prefer "Working Orders." Once you click with the right mouse button on an Account+ tab's name and select Rename, the "Input" box will appear. Once you enter the "New View Name" and click OK, be sure to click on the Make All New Account Windows Like This One icon in the Account+ window's toolbar to save the new name as the default.
