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MF Global Xpress

User Guide

SM

Table of Contents
Introduction
Placing an Order

2
3-7

Price Format

Xpress Line

Cancel or Replace an Order

10

View Positions

11

Funds

12

Streaming Quotes/Market Depth Setup

13

Streaming Quotes Subscription

14

Real-Time Chart Subscription

15

Snapshot Quotes Setup

16

Options Quotes

17

Price Alerts

18

Pricing Spreads

19

Setting-up Preferences

20

Order History

21

Downloading MF Global Xpress

22

Installing MF Global Xpress on a PC


with Windows Vista

23

Login

24

Definition Page

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MF Global Xpress

Introduction
Key Features
MF Global Xpress enables futures traders to:
Access and view real-time, mark-to-market account
information, positions, orders, fills, statements, charts,

MF Global Xpress is a proprietary real-time

news and streaming quotes

platform that provides futures traders with


direct access to the markets and the flexibility

View up to five pending bids and offers on either side


of a current futures market price.

to trade in a way that is most convenient and

Manage the order book by filtering trades by status


(working, rejected, replaced, filled or open), user,

appropriate for their needs. This powerful,

account or order number

user-friendly tool is available to download from


Set audible or visual fill notification alerts

desktop. Traveling users who do not have ready

Access the Internet using the integrated web browser

access to their desktops can access MF Global

Simultaneously access multiple accounts

Xpress from the Internet as well as from their

Review charting, news and analytics

the Internet and install on the computer

wireless web-enabled devices.

Customize screens to fit particular trading needs and


styles

Support
To sign up for MF Global Xpress, customers need to talk
to their broker.

To add accounts to an existing user ID, please call

312-663-7939.

Placing an order
From the Order Entry screen:
From the main menu, click on Order Entry.

For options, enter the strike price in the Strike field, and

To obtain a quote, enter selections for a Commodity,

P for put or C for call in the P/C field.

Month and Year. Note that the quote format is the same

Good Through Date (GTD) should be left blank for day

price format used to enter the order. Never use decimal

orders, or filled in with CANCEL for open or GTD orders.

points.

Enter an order cancel data in the yyyymmdd format.

LMT Price is for STWL orders only. For a normal LMT, fill in

Click Submit

the Price field.

Order Entry

For STWL orders

Good Through Date

Submit

MF Global Xpress

Placing an order (continued)


From the Streaming Quotes screen:
From the main menu, click on View > Quotes > Streaming

Click on Buy Order or Sell Order to place an order. An

Quotes.

order will appear with a default quantity and order type.

To enter an order, simply left or right-click on a quote.

Customize the default quantity and type by clicking on

A window will appear with options to Buy Order, Sell

Setup > Preferences in the main menu.

Order, Remove Contract or Exit.

Click anywhere in box to


get the drop down menu

Placing an order (continued)


From the Market Depth screen:
From the main menu, click on View > Quotes >

A STOP order can be placed by right-clicking on the

Market Depth.

desired price. Clicking on the Bid (blue) side will place a

Enter a quantity in the field towards the bottom of

SELL STOP order, and clicking on the Offers (red) side will

the screen.

place a BUY STOP order.

Click on Buy Mkt or Sell Mkt to place a MKT order.

Left-click on a desired price to place a limit order. Clicking

To activate the order confirmation screen, select Setup >


Preferences in the main menu

on the Bid (blue) side will place a BUY LMT order; clicking
on the Offers (red) side will place a SELL LMT order.

Offers = SELL LMT

Bids = BUY LMT

Quantity

Buy Mkt

Sell Mkt

MF Global Xpress

Placing an order (continued)


From the Snapshot Quotes screen:
From the main menu, click on View > Quotes >

Click on Buy Order or Sell Order to place an order. An

Snapshot Quotes

order will appear with a default quantity and order type.

Simply left or right-click on a quote to enter an order. A

The default quantities can be customized by through

window will appear with options to Buy Order, Sell Order,

Setup > Preferences in the main menu.

Remove Contract or Exit.

Click anywhere in box to


get the drop down menu

Placing an order (continued)


From the Streaming Order Entry screen:
From the main menu, click on Order Entry >

Enter a price and quantity in the Price and Qty fields,


respectively.

Streaming Entry.
Make a selection from the Contract drop-down menu.

Click on Buy Sell to complete the order.

Note that the options on this menu are dependent on the


Streaming Quotes screen.
Make a selection from the Order Type drop-down menu.

Qty field

Price field

Order Type drop


Contract drop
down menu

down menu

MF Global Xpress

Determining the price format accepted for a


particular commodity
Simply obtain a quote on a particular commodity contract and note the format of that quote when placing
the actual order for that commodity.
The following error message may appear when placing an order:
Error, you must enter J2 or ZB or Y2, etc. instead of JY or US or EC, etc.
To resolve this error, simply use the Globex symbols instead of the open outcry symbols. MF Global requires
customers to trade CME Globex currencies, NYMEX Globex energies, COMEX Globex metals, CBOT Globex
grains and CBOT Globex bonds unless entering an option or a spread.

Using the Xpress Line


From the Order Entry screen: Users who are familiar with older typing order entry programs can use the
Xpress line to place an order, using the following format:
Transaction <space> quantity <space> contractmonthyear <space> price <space> order type
For example, to Buy 1 June mini S&P at 139175 LMT, type:
b 1 esm8 139175 lmt
When orders are entered correctly, the order fields above will automatically be filled in and a quote will
appear below the Xpress line.

Xpress Line Field box

Submit

MF Global Xpress

Where to view, cancel or cancel


replace orders
From the Activity Updated screen:
From the main menu, click on View > Orders. Order

Orders can also be cancelled by selecting /highlighting it

numbers, status, positions, etc. can be viewed from this

and clicking the Cancel Order button below. To cancel all

screen.

orders at once, click the Cancel All Orders button.

To cancel or cancel replace an order, simply right-click on


the order and select Cancel Order or Replace Order.

Cancel All Orders or Cancel For Account

10

Where to view positions


From the Activity Updated screen:
From the main menu, click on View > Orders

If Summary is blank for a particular contract, then

There are two ways to view positions on this screen: (1)

the individual is flat in that contract. If Summary is

click the check box for Details to see each fill as its own

completely blank, there are no positions.


position or (2) click the check box for Summary to see

Orders can be placed using Details by right-clicking on


the positions to offset or reverse and then selecting

actual position. For example, if an individual buys 1 ESU6

Offset or Reverse.

and sells 2 ESU6, using Details it will appear as long


1 ESU6 and Short ESU6 with a P&L for each fill. Using

To view positions only and not orders, click the Positions

Summary it will appear as short 1 ESU^ and with the

Only check box. To view orders only and not positions,

total P&L

click the Hide Positions check box.

Detail

Hide Positions
Positions Only

Summary

11

MF Global Xpress

Viewing Funds
On the left side of the screen there is a box for Funds. To view balances, click View, then Balances from the
main menu. To view the funds in different currencies, use the drop-down box on the left side of the screen to
make a selection. The currencies will appear on separate lines in the Balances window.
Below are definitions of abbreviations used:

BAL - Morning Balance

NOV - Net Option Value

OTE - Open Trade Equity

NLV - Net Liquidation Value of your account

TE - Trade Equity

IM - Initial Margin

SOV - Short Options Value

MM - Maintenance Margin

LOV - Long Options Value

PP - Purchasing Power

View menu

Funds
View different currencies
from dropdown menu

12

Setting up streaming
quotes and market depth
From the main menu, click Quotes > Streaming Quotes.

To view quotes spreadsheet-style or to view the bid ask,

To view market depth, click View > Quotes > Market

Each quote will appear in its own box. At the top of a quote

click View > Quotes > Combined Quotes.

box is either Empty or the contract symbol. Click on

Empty or the contract symbol and enter a new contract

Depth. To view quotes on the Market Depth screen, they

code using the format codemonthyear. For example, for

must be set up as streaming quotes. Market depth is

E-mini S&P March 2008, enter ESH8; for electronic 30yr

only for electronically-traded markets. Electronic con-

bonds June 2008, enter ZBM8.

tracts that have been set up for streaming quotes will be

To view all quotes in real-time, click View > Quotes >

accessible in the drop-down menu towards the bottom of

Streaming Quotes. You can also access this screen by

the Market Depth screen. After selecting the contract or

clicking on Streaming Quotes from the Q icon underneath

market, it may take a minute or so for the information

the main menu.

to appear.

Q shortcut menu for


Streaming Quotes

13

MF Global Xpress

Subscribing to streaming quotes


From the main menu, click Setup > Services > Charts, News

The CME Globex, NYMEX Globex, COMEX Globex and

and Market Data.

CBOT Globex subscriptions are currently free. To view

Scroll through the list of available exchange subscriptions.

open outcry /pit-traded contracts, subscribe to the

Make selections by clicking on the subscription check

exchange where those contracts are listed.

boxes and clicking on the Add or Update buttons.


A user agreement/disclaimer will appear. Click on the


check box to indicate you have read and agreed to the
stated terms. You will then return to the Charts and News
Services screen.

Charts, News and


Market Data

Add

Update

14

Subscribing to real-time charts


From the main menu, click Setup > Services > Charts, News

To add real-time charts only, go to Choose individual

and Market Data.

Charts or News service to Upgrade or Change, select

To subscribe to the professional charts and news package,

Real-Time Interactive/Java Quotes and Charts, then

click on Add Professional Level Package. Streaming quotes

click on Upgrade or Change to. A user agreement/dis-

are available only for charts on contracts which have

claimer will appear. Click on the check box to indicate

subscriptions. Access to CBOT Globex and CME Globex

you have read and agreed to the stated terms. You will

are available. Pit-traded markets at the CME and CBOT,

then return to the Charts and News Services screen.

and any market at NYMEX, COMEX and ICE/NYBOT require


subscriptions to the exchange.

Yes check box

Add Professional
Level Package
Choose individual
Charts or News
services to Upgrade
or Change

Real-Time
Interactive/Java
Quotes and Charts

15

MF Global Xpress

Setting up
snapshot quotes

Fees for snapshot quotes vary:

Quotes. Or, click on Snapshot Quotes from the Q icon

underneath the main menu.

CME pit-traded contracts require a flat monthly fee for

unlimited quotes.

From the main menu, click on View > Quotes > Snapshot

Each quote will appear in its own box. At the top of the
quote box is Empty or the contract symbol. Click on

Empty or the contract symbol and enter a new contract

Globex quotes (CME, NYMEX and COMEX) are currently

free .

New York exchanges (pit-traded

E-mini S&P March 2008, enter ESH8; for electronic 30yr

NYMEX, COMEX and all ICE/NYBOT) charge per quote.

bonds Jun 2008, enter ZBM8.

For example, if there are three NYBOT quotes on the

To view all quotes in real-time, click View > Quotes >

page, the charge will be three times the per quote

Snapshot Quotes. To view just one quote in real-time, click

cost every time the page is refreshed. If an options

on the green refresh arrows in the bottom right corner of

chain is viewed, there will be a charge for each and

each box. To view the entire page of quotes in real-time,

every single quote, including for the strikes that are

click Refresh Page in the bottom left corner of the screen.

not currently trading.

code using the format codemonthyear. For example, for

CBOT quotes are currently free.

Q shortcut menu for


Snapshot Quotes

Green refresh arrows

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Obtaining options quotes


Snapshot quote fees vary:

under Snapshot Quotes or Streaming Quotes, under a

CBOT quotes are currently free.

subscription.

Unlimited CME quotes are available at a flat monthly fee.

To view an options chain, click Quotes > Wildcard Quotes.

Globex quotes (CME, NYMEX and COMEX) are currently free.

Or, access the Q icon menu and select Wildcard Quotes.

To view a set of option strikes frequently, set them up

NYMEX, COMEX and NYBOT charge per quote and

Scroll through the Wildcard Quotes list and select the

count each and every quote. For example, if there are

contract code, then click Calls or Puts, then Get Quotes.

three New York exchange quotes on one page, the

This will provide a quote list of every option trading on that

charge will be three times the per quote cost every

contract (often referred to as an options chain). Futures

time the page is refreshed. If an options chain is

may also be selected to obtain a quote list.

viewed, there will be a charge for each and every

single quote, including for those that are not trading.

It may cost more than $5 every time a single NYMEX,

COMEX or ICE/NYBOT contract is viewed.

Q shortcut menu for


Snapshot Quotes

Calls

Get Quotes

Futures

Puts

17

MF Global Xpress

Price Alerts
From the main menu, click on Setup, Preferences, then Price Alerts. Alerts are available only for
contracts that are currently set up with streaming quotes. Select a contract from the Contract List,
enter the price at which the alert should activate, and select whether to be alerted when the price
is greater or less than the specified price. There can only be one price alert set up per contract.

Price Alert Tab

Choose Receiving
Alert Option
Contract List

18

Pricing spreads
From the main menu, click on Order Entry. Select Spread to view the order as a spread, then click Submit.
The nearby (or front) month is always the top line on the spread. The price will always be on the top line of
the spread. If the deferred month is trading higher, the price must be indicated as negative. For an even
spread, enter EVEN.

Order Entry

Submit
Spread

19

MF Global Xpress

Setting Up Preferences
From the main menu, click on Setup > Preferences > General.

Fills/Cancel Notification allows you to select how to be

Log Off Time allows you to limit inactive time on MF Global Xpress

notified on fills and cancels. Pop-up and audible alerts are

by setting a time to automatically log off from the system. There is

available, but only one can be activated at a time.

also an option to Never Log Off and keep the system on

Default Order Ticket Button allows you to select Transmit or

indefinitely.

Abort as a default option. This setting will be activated when

Order Confirmation allows you to turn on/off the order

you press Enter on your keyboard.

confirmation pop-up that appears within the Market Depth screen.

Default Quantity allows you to set a default quantity and

Turning on the confirmation (by clicking the Market Depth check

order type on an order ticket. The default values can be

box) is highly recommended for users who are not very familiar

modified on the actual order ticket. To view the loading screen

with the Market Depth screen.

at login, click the Show Progress check box under Data. You can

Customize Colors allows you to specify the colors used on the

also select customer accounts and data to appear at login by

Activity Updated screen for orders, fills, etc.

selecting Accounts at Login and Data at Login.

Printing allows you to automatically print fill and/or orders.

Order Entry Defaults allow you to set default Product,

Printer allows you to specify a network or local device to print to.

Quantity, Month, Year and Order Type to appear on the Order

Account Mode lets you choose whether to view orders and fills

Entry screen. Default values can be modified on the actual

for one or all accounts within the Activity Updated screen.

order ticket.

Fill/Cancel

Printing

Notification
Log Off Time
Default Order
Account Mode

Ticket Button

Order Confirmation

Defaults
Quantity

Customize Colors
Data

Order Entry
Defaults

Printer

20

Viewing order history


From the main menu, click on Order Entry > Order and Fills History. MF Global Xpress will only save orders
that were entered from a particular computer. Users should contact their desk/broker to find out more
information about the information saved on the system.

21

MF Global Xpress

Entering information during


MF Global Xpress download
When prompted for Name, Company and Serial number, simply type in any desired information. The system
just requires the fields to be filled in for download/setup to continue.
The following error messages may appear: Logon Failed or Cannot Connect to Host.
Logon Failed appears because an incorrect icon, user ID, account number or password may have been
entered. Cannot Connect to Host appears because the computer is being blocked from MF Global Xpress by
a firewall. If the computer or network uses Microsoft, McAfee, Norton or another firewall, MF Global Xpress
must be added as an exception or trusted application. Computers on professional networks may need to be
configured to access IP address 199.66.8.72.

22

Installing MF Global Xpress on


Windows Vista
Traders who use PCs with Windows Vista and encounter problems during installation should try the
following:
Save the installation file to the Downloads folder or

Restart and try to re-install MF Global Xpress: Click OK

the Desktop: Right-click on the installation file. Click on

when the service pack message appears. You will then be

Properties > Compatibility, and select the options to run

prompted to install the program with the Recommended

the program in compatibility mode for Windows XP Service

Settings. Run the installation as directed.

Pack 2. Click Apply, then OK. Run the installation as


directed.
Users should contact Trader Support 1-312-663-7939 or 1-800-699-6188. If they continue to experience
problems while installing MF Global Xpress on Windows Vista.

23

MF Global Xpress

MF Global Xpress Login


Select MF Global Xpress Account when logging on as a customer, or with an account number.

Select MF Global Xpress User when logging on as a broker, or using a three- or four-letter user ID.

Select MF Global Xpress Simulated User when logging in as a simulated trader.

After choosing one of the following, Enter in your account name and password.

Click the Remember Me option for MF Global Xpress to store the login information.

Click Auto Connect to automatically connect the user when starting the MF Global Xpress program.

MF Global Xpress
Account Name

Password

Remember Me

MF Global Xpress Account

MF Global Xpress Simulated User

MF Global Xpress User

24

Auto Connect

MF Global Xpress Definitions


B/S - This is the transaction. B for Buy and S for Sell.
Commodity - Refers to the commodity to trade. Select the commodity in the drop-down menu or enter the code.
GTD - Good Through Date. Leave this blank for a day order, and enter CANCEL for a GTC or open order. The date should be
entered in the format mmddyy.

LMT Price - Refers to the limit price of a stop-with-limit (STWL) order.


Month - Contract expiration or delivery month. Select this from the drop-down menu or enter the code.
P/C - Put or call indicator
Price - Limit price or stop trigger
QTY - Quantity ordered.
Strike - Refers to options strike price.
Type - Refers to order type. Select this from the drop-down menu or enter in the code. Note that not all order types are available in

all markets. Customers should clarify the available order types by market with their broker.

Year - The year of the contract expiration/delivery. Select this from the drop-down menu or enter in the code.

25

MF Global Xpress

26

Get Started with


MF Global Xpress Today!
Review all post-execution trading activity in a variety of formats
Access valuable resources to help you make the most of futures trading with

MF Global Xpress

Contact us at 312-663-7687 or cs@mfglobal.com to sign-up or add reports and/or

new accounts to an existing MF Global Xpress account


Disclaimer: Futures trading involves risk of loss and is not suitable for everyone.

27

SM

MF Global Inc.
440 South LaSalle Street
20th Floor
Chicago, Illinois 60605
312-663-7500

2008 MF Global Inc. US 072008

www.mfglobal.com