Introduction

Also known as Time & Sales, or simply 'the tape', the MMT 'Trades' widget provides you with a dedicated, raw, real-time feed of market orders for your selected market.

Each individual market order executed, is time-stamped; recording the price, quantity and direction that took place for each trade. Abnormalities in the speed and volume of transactions that are executed, particularly when trending in a particular direction, can often be used as confluence to aid an order flow traders' decision making.

Although the MMT 'Trades' feed widget is relatively straight forward to understand, in this section we will examine each element in detail.

Exchange Logo

Once the widget is enabled and a trading symbol is selected, the Trades Feed will display the logo of the originating exchange to the left of each entry within the feed panel.

Price Column

The first column on the left, indicates the price in which a trade took place. The price of each executed trade is displayed in either red or green.

If price is shown in green, this indicates the order was a market buy.
If price is shown in red, this indicates the order was a market sell.

Warning

⚠️ Note, market orders that experience slippage during execution, will be reported as a block of single individual trades. As a single market order clears each subsequent price level of liquidity, each level cleared will be reported as an additional, individual trade.

Qty / Quantity Column

The second, or middle column shown within the MMT 'Trades' widget, displays the quantity or size of each market order that was executed.

Whilst the values shown within the quantity field can be compared with one another numerically, the speed and flow of trades, particularly during bouts of volatility, can make such comparisons difficult. To address this, the size or quantity of each market order - regardless of direction - is graded based upon a trailing recording of the largest and smallest market orders.

Each row of the trade feed data has its background color graded, to allow a digestible visual comparison of the quantity executed with each market order. The larger the quantity traded, the brighter the color grade that is applied to the row. Equally rows with only a tint of color indicate a comparatively smaller order than the trailing average.

Time Column

As the name suggests, the Time element of the 'Trades' widget displays the time in which the trade was executed. By default, the timestamp shown within the time column, is displayed using the UTC timezone.

Aggregated Trade Feed

The 'Trades Feed' layer displays data based on the trading pair shown on your chart. You can broaden its scope by integrating trade data from multiple exchanges, creating a unified and detailed market view.

In the settings, the 'Aggregate' section lets you control which sources contribute to the combined data. Any changes you make are reflected instantly, keeping the feed accurate and up to date.

To streamline setup, use the ‘Spot’ and ‘Perps’ toggles to quickly enable or disable all relevant pairs by market type.

To activate the MMT Trades widget, navigate to the main menu, located at the very top edge of the Terminal. Upon selecting the Trades widget button, the market sub-menu selection will be displayed.

From here you can select the symbol you wish to view within the Trades widget. Once activated you are free to re-size and dock within your terminal to suit your preferences.

Trades Configuration & Settings

Filter

By default, every market order that takes place will be shown within your Trades widget. Note that there is no aggregation applied. This results in each individual being displayed, rather than grouping trades that occur at the same price and time.

Although the raw trade feed can particularly useful for markets with lower volume, it can quickly become noisy when looking at pairs with high volume. To mitigate noise, the 'Filter' input can be used.

When the filter is applied with your own defined quantity value, only market orders in which the quantity executed equal, or exceed your filter input, will be shown within the 'Trades' feed. This feature reduces the noise of the raw trade feed, and can be used to assess extremely large market orders.

To remove the filtering of trades within the 'Trades' widget, simply remove the inputted value to return the feed back to the default unfiltered state, whereby every trade executed is displayed.

Reset

At times, particularly when adjusting the 'Filter' input, or perhaps after an extreme move in price, you may which to clear the historical trades that are currently shown within the 'Trades' widget.

Clicking this 'Reset' button, will remove all market order that has been recorded since the 'Trades' feed was activated. Note that once you have clicked the 'Reset' button, any data currently present within the widget, will be disposed of. There is no way to recover this data once the 'Reset' button is clicked.

Coin/USD selection toggle

To provide control over how trade values are presented, a USD / COIN toggle has been integrated at the top of the Trades Feed widget’s feed panel. This feature enables users to switch between viewing trade data denominated in USD or in the market’s native base asset.

Sound

Each trade that occurs is accompanied by a configurable sound. The audible volume and intensity is automatically adjusted to proportionally reflect the size of the trade that was recorded.

There are numerous audio sound options to select between. Additional configuration controls are available including separate volume, note and duration to differentiate between both market buys & market sells.

Trades