Trade Mogul

User Help Guide

August 2012

Abstract: A user guide to Trade Mogul.

Trade Mogul

2011

TABLE OF CONTENTS
1

INTRODUCTION ................................................................................................................ 3
1.1

ABOUT TRADE MOGUL ..................................................................................... 3

1.2

SPONSORS ........................................................................................................ 3

1.3

COMPETITION .................................................................................................. 3

DEFINITIONS ..................................................................................................................... 5
2.1

REGISTRATION PAGE ........................................................................................ 5

2.2

TRADE PAGE ..................................................................................................... 6

2.3

MY PERFORMANCE PAGE................................................................................. 9

2.4

TRANSACTION HISTORY PAGE.......................................................................... 9

RULES OF THE GAME ...................................................................................................... 10

3.1

PRODUCTS LISTED FOR TRADING IN THE GAME ............................................ 10

3.2

TRADING TIME................................................................................................ 10

3.3

RISK LIMITS ..................................................................................................... 11

3.4

DECIDING THE WINNER .................................................................................. 11

HOW DO I ....................................................................................................................... 12

FAQs ............................................................................................................................... 15

GHF Group | Trade Mogul User Guide

Trade Mogul

INTRODUCTION

1.1

ABOUT TRADE MOGUL

2011

Trade Mogul is a unique and exciting online trading simulation and competition
built by Futures First, GHF Group. The game is designed for you and other students
at top-tier universities to experience trading using real-time prices from
international futures markets in oil, gold, foreign exchange and equities. This
challenging and engaging game allows you to:
o Taste the thrill and challenge of trading in huge, fast-moving international
futures markets
o Test your analytical skills and risk aptitude for trading and to open doors
to an exhilarating and lucrative career in financial services.
o Compete for prizes based on who trades best to maximize their Profit &
Loss account during the month of the competition
o The top 50 scorers will be invited to interview with Futures First
o Weekly prizes
o Overall grand prizes

1.2

SPONSORS
Trade Mogul is sponsored by GHF Group, an internationally recognized
powerhouse of analytical trading that has built a leading reputation in international
financial markets. GHF Group has a history of attracting gifted graduates from top
universities and institutes to a career where they can leverage their analytical
abilities through direct participation in world markets. Futures First operates in
India as part of GHF Groups International Business.
The CME Group, collectively the worlds largest derivatives exchanges, provides live
price feeds for four different product markets to enable you to test your skills with
live data and compete with other students.
Intercontinental Exchange operates leading regulated exchanges, trading platforms
and clearing houses serving global markets for agricultural, credit, currency,
emissions, energy and equity index markets including London-based ICE Futures
Europe, which hosts trading in half of the world's crude and refined oil futures
contracts traded each day.

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1.3

2011

COMPETITION
Participants must register themselves for the competition which begins on
September 3rd and lasts for four weeks. The competition is open to all students
from all universities, irrespective of academic focus, who are citizens or residents of
India. Students who major in finance dont necessarily hold an advantage because
market information and analytical reports are provided on the website, and
because trading success in Trade Mogul reflects the acuteness of pure numerate
and analytical skills more than knowledge of international markets. Experience
shows that successful competitors come from across all academic disciplines,
especially those that require strong numerate and analytical skills, and that
students find the game so engaging that they turn to the vast expanse of internet
sources of information about the markets and basic trading strategies.
In addition to enjoying this test of your abilities against the market and other
students, you will learn about international markets and about your own interests
and abilities. In terms of the competition, participants are ranked on the basis of
their profit and loss (P&L) accounts, provided that they achieve the minimum
volume level of trades. Students who succeed in the competition win prizes
totalling and can win interviews for a career with Futures First.

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DEFINITIONS

2.1

REGISTRATION PAGE

2011

User Name

A valid name that you choose to register for the game

Password

Choose your own password to register

Email

Security Answer

Provide a valid email address - all communications with

you will be through this email
Select your own security question - this will be used in
the event that you forget your password
To your self-defined security question

First Name

Your first name

Last Name

Your last name

Gender

Your gender

Date of Birth

Enter your date of birth

University

Name your university

University ID Number

Year of completion

Provide your university ID (we will ask for original proof,

to include photo-identity, when you claim your prize)
Your academic discipline or major; e.g., electrical
engineering, physics, math, finance
Select appropriate degrees that you aim to complete or
have completed
Select the year when you plan to complete this degree

Alternate Email-ID

Any other email ID of yours for back-up communication

Phone

Provide your phone number (preferably mobile phone

number) on which we can contact you
Address at which you are available

Security Question

Subject
Degree

Address
Validation Code

This is required to keep the spammers away. Enter what

you see on your screen

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2.2

2011

TRADE PAGE
The Trade page has multiple components to provide the user a virtual feel of a
trading desk. It has a price ladder for each of the instruments with embedded
controls to view the order entry window and pull orders, an order book, a fill book,
and a portfolio and message book.

2.2.1

INSTRUMENT PRICE LADDER

The price ladder displays real-time depth of market price data for the instrument.
On the left hand side it displays the open, high and low prices achieved from start
of day. Beneath it is the last price, last quantity and total quantity traded in the
market.
Open

2.2.2

High

The opening price for the instrument; i.e. the first price
traded at the start of the day
Maximum price traded during the day

Low

The lowest price traded during the day

LTP

The Last Traded Price in the market for the instrument

LTQ

The Last Traded Quantity in the market

TTQ

Total Traded Quantity in the market during the day

Blue X button

To pull all buy-working orders for the instrument

Black X button

To withdraw all working orders

Red X button

To pull all sell working orders for this instrument

TIME AND SALES WINDOW

This window displays all the trades in the market subject to a maximum of the last
1000 entries. You can select an instrument for which you want to see the trades.

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2.2.3

2011

ORDER BOOK WINDOW

The order book displays all your working orders for this session and earlier sessions.
Time

B/S

The (UTC) time at which an order was received at the

server
The unique order ID assigned by the exchange to a valid
order request
Whether this is a buy or a sell order

Product

The asset or instrument of the order

Series

The expiry month of the instrument on which the order

was submitted
The total quantity for the whole order that was sent to
the exchange
The working price in the exchange at which the order was
submitted
The stop price for a stop loss order (otherwise this field is
blank)
The threshold volume at which the stop loss order gets
triggered (if the available quantity in the market is not
below this threshold, then the stop will not be executed
even if the price gets triggered)
The executed quantity of the whole order that was
originally sent to the exchange
The remaining/working quantity of the whole order that
was sent to the exchange
Whether this order is market or limit

ID

Qty
Price
StopPr
StopVol

ExeVol
RemVol
M/L
TIF

Time In Force; i.e. whether this order is GFD (Good For

Day)

A context menu is displayed when you select and right-click one or multiple orders.
It is possible to select multiple orders by using the Control keyboard button.
Modify Order
Delete Order(s)

This selection will modify the selected order (note that it

is not possible to modify multiple orders simultaneously)
Delete the selected orders

Delete All

Delete all the working orders in all the instruments

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2.2.4

2011

FILL BOOK WINDOW

The fill book displays all completed transactions in the exchange.
Time

The (UTC) time at which order was filled at the exchange

ID
B/S

The unique order ID assigned by the exchange to a valid

order request
Whether this is a buy or a sell order

Product

The instrument in which order was sent

Series
ExeVol

The expiry month of the instrument in which order was

sent
The quantity of this fill

Fill Price

The price at which order gets filled in the exchange

In exceptional situations, the fill book may show the same fills twice. This happens
due to improper synchronization of large data flow at your end. Refresh the page to
remove this double fill message. Alternatively, access your correct fills from the
Transaction History page.
The fill book will display no more than 50 fills due to data limitations. Check the
Transaction History page.
2.2.5

PORTFOLIO WINDOW
This section helps you see the consolidated risk components viz. positions, Profitand-Loss (P&L) etc.
Contract

Contains the instrument

Buys

The number of buys for the day

Sells

The number of sells for the day

Pos

The net position for that Instrument

LTP

The Last Traded Price in the corresponding instrument

Unrealized P&L

The profit-and-loss (P&L) due to the open positions

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Total P&L

2011

The sum of unrealized and realized P&L; i.e. the total P&L
for the instrument at this point in the day

The last row sums up the corresponding values for all the instruments.
2.2.6

MESSAGE BOOK WINDOW

This window contains your communications with the exchange. These usually
concern order-related requests sent to the exchange.

2.3

MY PERFORMANCE PAGE
This page contains your past trade data. You can see daily, weekly, monthly and
overall P&L as well as your rank standings in the game.
Yesterday View

Your standing up to the close of day yesterday

Weekly view

Your standing up to the Friday of last week

Monthly view

Your standings up to the last trading day of the previous

month
The overall statistics up to the close of day yesterday

Overall

Note: users who dont trade are not considered in the calculations above.

2.4

TRANSACTION HISTORY PAGE

This page allows you to view fills for any trading day in your history in the game.

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Trade Mogul

2011

RULES OF THE GAME

The Trade Mogul game is open to all who seek an exciting career in Financial
markets however the prizes are intended for university students only. Anyone who
has passed out of the college can still participate but will not be eligible for the
prizes. However, should he/she stands in Top 50, the candidate will be called for an
interview with Futures First. You will need to provide your university identification
number. Additional proof may be required when you claim any prizes.

3.1

Registration will open before the start date of the game

Only registered users can play the game
Multiple registration with the same university ID or email ID may result in
disqualification from the game
During this round of Trade Mogul only students who are residents or
citizens of India are eligible.

PRODUCTS LISTED FOR TRADING IN THE GAME

Four products or assets are available for you to trade in the game.
Product

Tick Size

Tick Value

Euro-FX

0.0001

$12.50

CME-Mini S&P 500

0.25

$12.50

ICE Brent Crude Oil

0.01

$10

COMEX Gold

0.1

$10

Each product (except Gold) will have an expiry date during the tenure of the game,
after which you will not be able to trade in them. Moreover, all open positions will
be closed at the closing price on the expiry day. The next calendar series of the
same product will be available for trading on the next day.

3.2

POSITION CLOSING AT THE END OF THE DAY

All the open positions at the end of the day will be closed automatically at the LTP
at 0000 hrs. If you like to take that position again next day, a fresh position by
playing new orders will have to be taken.

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3.3

2011

TRADING TIME
The Trade Mogul will run for four weeks starting September 3, 2012. The game
ends on Friday 28th Setember at the close of trading hours.
The users will be able to trade only on weekdays; i.e., Monday to Friday between
1100 IST and 0000 IST.
During the rest of the time, the trade page will not be available. Instead, the user
will be directed to the portfolio view.

3.4

RISK LIMITS
Risk limit refers to the maximum number of orders you can send in one instrument.
You can always choose to send fewer orders than the maximum risk limit. Since
each product will have same risk limit, you can send 4X buy orders and 4X sell
orders in total (X is the risk limit for that week for each product). Everybody
participating in the game will have the same limits. The risk limits will change every
week, and these new limits will be displayed on your My Performance page. The
limits for each week will be:

3.5

Week

Limits

Week 1

Week 2

Week 3

Week 4

16

DECIDING THE WINNER

Winners are decided based on cumulative profit on the closing day of the game.

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Trade Mogul

HOW DO I

4.1

START PLAYING THE GAME?

2011

Step1 Register with Trade Mogul.

Step2 Login to the game.
Step3 Go to Trade page by clicking on Trade on the left menu of the game.
You have now landed at the trading page. You are now ready to join the game.

4.2

SEND ORDER (ORDER ENTRY WINDOW)?

Go to the instrument to which you want to send the order. Left click on the
price/quantity you want to send the order. If you clicked on a bid, the order entry
window will default to BUY order type and SELL otherwise. But it is possible to
change the order type from Buy-to-Sell and vice-versa. Choose the appropriate
parameters for the order and click on Send Order button at the bottom right
corner of order entry window. You will see a message in the Message Window
confirming the receipt of your message. If the order is accepted by the exchange,
the Order Book will display the order. Otherwise the Message Window will show
the appropriate message.
The various parameters for order are:
Parameter

Explanation

Buy/Sell Button

This button enables you to select whether your order

is BUY order or SELL order in the market
The various quantity buttons allow you to select your
order quantity and populate it in the quantity spin
control
Will increment/decrement order quantity by 1 unit

Quantity Buttons

Quantity Spin Control

Price spin control

GFD Radio Button

Limit/Market Radio Button
Stop Check box

Increment/decrement the price by one tick (unit

size). The default price is the one against which you
left clicked in the price ladder window.
Enables you to select the TIF (Time-In-Force) in the
market of your order
Enables you to choose a limit or market order type
Checking it makes your order a stop-loss order. A
separate section becomes visible beneath the stop
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Stop Price Spin control

Stop Volume Text Box

4.3

2011

check box.
Enables you to increment/decrement your stop-loss
price by one tick
If the quantity at stop price is less than or equal to
this quantity, only then the stop will be triggered in
the market

SEE MY OVERALL P&L FOR THE GAME?

Your P&L until the close of yesterday is available on the My Performance page.
Add todays Total P&L to it from the Portfolio Window to see your overall P&L as of
this moment.

4.4

SEE WHERE MY COMPETITORS STAND?

Click on the Rankings tab to see who was where as of yesterday.

4.5

DELETE ALL THE WORKING ORDERS FOR ALL THE INSTRUMENTS?

Right click in the order book and choose Delete All.

4.6

SEE TECHNICAL REPORTS FOR A PRODUCT?

There is a reports page dedicated to technical reports only. Click on the instrument
for which you want to view the report.

4.7

SEE MY REAL-TIME RANK IN THE GAME?

It is not possible to see your real-time rank. However, you can see your rank at the
close of the previous day of trading. (This is refreshed at the close of each trading
day).

4.8

SEE EACH AND EVERY TRADE FOR A PARTICULAR

INSTRUMENT/PRODUCT DURING THE DAY?
Because of data limitations, Trade Mogul only displays a certain number of previous
trades in the Fill Book.
You can download all the fills from Transaction History page.

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4.9

2011

ALLOCATE CAPITAL FOR TRADING?

You are provided with a fixed number of contracts that you can trade in each
instrument. Choose the number of contracts you want to trade relative to this
maximum. This limit will be revised weekly.

4.10

CLAIM MY PRIZE?
We will contact the winners through the email and phone numbers provided. If you
have questions, feel free to contact us at trade.mogul@ghfgroup.com

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Trade Mogul

FAQs

5.1

DURATION OF THE GAME

2011

The Trade Mogul game runs for 4 weeks. The competition begins trading on
September 3, 2012. The game ends on September 28, 2012 at market closing
hours.

5.2

WHAT DO YOU MEAN BY SQUARING OFF A POSITION

To complete any trade, there has to be a buy and a sell transaction in any order. If
in your portfolio it shows an open position of -2, then to square that off (bringing it
to 0), you need to buy 2 lots.

5.3

HOW DO I TRADE
The simple answer is just buy and sell. Keep doing it again-and-again and you end
up TRADING. There is no handbook of trading. But there is lot of information
available on the internet. You will learn more about trading the more you read and
the more you trade. Trading is not a short term affair. Don't lose heart if you do not
do well initially. Keep your focus and keep at it. The markets will move and you will
have opportunities to come back.
Note that the trading limits are progressively increasing. You can make more profit
(or lose more) as limits increase.

5.4

LIMITS BREACHED
You can only trade a limited number of securities at any time. This limit is the same
for everybody. When you send a new order or modify an existing order, the system
checks whether the net outcome is within the prevailing limits. If it is not, then your
request gets rejected and you see the corresponding message in the Message
window.
For example, suppose the prevailing limit is 2 and you are already short 2 lots in an
instrument (i.e. your net position is -2). Now if you try to send any sell order in this
instrument you will get a limits-breached message.
Similarly, you can send two orders of 2 lots each to buy in this instrument as this
could change your net position to 2 (which is within limits). But if you try to send an
order of 4 lots then you still get a limits breached message. This happens because
the system expects you to send an order of a maximum of 2 lots.
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Trade Mogul

5.5

2011

NOT ABLE TO LOG-IN TO MY ACCOUNT

Try Forgot password link.

5.6

OVERNIGHT POSITION CLOSING

The system stops accepting requests at the close of trading. If you think there are
some open positions which you do not wish to carry in the next day, do not worry
because all the positions carried will be squared off at the end of the day at the LTP
of closing

5.7

P&L CARRY OVER

All your open positions are marked to the closing price of that instrument at the
close of each trading day. This means that your P&L is calculated against the closing
price of the instrument. This P&L is added to your cumulative P&L to generate
results rankings. Next morning, your portfolio will show your open positions as if
they were taken at this (yesterday's) closing price. For example, let us say you
bought 2 lots in Gold at 1250.0 and did not do any other transaction in gold
afterwards. Also suppose that the Gold closed at 1255.0 this day. At night, the
system calculates your P&L in Gold to $1000. The next morning, you still see net
position as 2 but the P&L will fluctuate as if you bought 2 lots at 1255.0. This
phenomenon is also called market settlement and is used for margin calculation.
Look on the internet for further information on this in the dynamics of the Futures
market.

5.8

ORDER SERVER DOWN

This will happen inevitably because of the huge volumes that you are helping to
generate. We are working to keep the system stable and operating around the
clock. Be patient, and try again.

5.9

UPDATE PERSONAL INFORMATION

Please register properly. If you have mailed/contacted us for change of some
information, we will incorporate these changes later in the competition.

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Trade Mogul

5.10

2011

I AM NOT ABLE TO SEE THE WEBSITE IN FIREFOX (OR CHROME,

OPERA, SAFARI ETC.)
The Trade Mogul is supported in Microsoft Internet explorer version 8. It is best
viewed in 1280X800 resolution.

5.11

WHOM SHOULD I CONTACT IN CASE OF A PROBLEM?

The quickest way is to use the Contact Us page where you get the fastest
response. Otherwise you could send an email to the administrator at
trade.mogul@ghfgroup.com

5.12

MY COLLEGE DOES NOT HAVE A COLLEGE ID? COULD I STILL

PARTICIPATE?
No. If this is the case, contact the administrator at trade.mogul@ghfgroup.com

5.13

I DONT THINK MY P&L IS CALCULATED CORRECTLY

Contact the administrator at trade.mogul@ghfgroup.com.

5.14

I WANT TO LOG OUT BUT KEEP MY WORKING ORDERS

You can log out of the system and your orders will continue to work in the
exchange. You could see them once you log back in. If they were filled in the
meantime, you will see corresponding entries in the fill book.

5.15

CAN I UPDATE MY PROFILE?

We strongly discourage editing your profile. Please contact the administrator at
trade.mogul@ghfgroup.com.

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