OptionVue 5 - Upgrade Features in v1.57 (released 8/21/02)

1. Matrixes can now be opened off the Account Status window, by double-clicking any of the positions in the window. When a Matrix is opened this way, it contains only the position that was double-clicked. We expect this to be useful for the trader who holds multiple positions in an asset but frequently needs to analyze his positions individually. However, after opening a Matrix this way, if the trader wants to see all his positions in this asset he can press the ‘P’ button (previously existing feature). Opening and closing the Transaction Log will also cause the Matrix to be filled in with all existing positions.

2. For eSignal users, we added a new check box in the Quotes Reception window called Collect NDX Money Flow Data. With this checked, the program will collect the necessary data for the new NDX Money Flow feature that was introduced in version 1.56. With the box unchecked, the program will not request the 100 component stocks of the NDX, thus leaving eSignal free to handle other symbols. Some users were hitting their eSignal symbol limits because of the new NDX Money Flow feature. We apologize for any trouble this may have caused. Now data collection, as we said, can be turned off. (Note: The new check box also exists for AT Financial and Hyperfeed, just in case.)

3. The Trade Button is more versatile now in terms of what users can have it do. See the new choices by going into the Account Information window and clicking the “Configure Trade Button” button. You may configure the trade button to either send a trade directly into one of our broker partners’ software or web site, or have it simply open a web site of the user’s choice. Most users will probably set this to their online brokerage site, but there’s no reason why you couldn’t set this to your favorite news site, or anything else. Trade button settings are account specific.

4. The “Favorite online investing site” field under User Preferences was eliminated. It was not being used for anything anyway, and the above change did away with any need for it.

5. We added a new online trading partner – OptionsXpress – and made OptionVue interface directly with their web site for the transmission of orders. To configure OptionVue to use OptionsXpress, open the Account Information window and click the “Configure Trade Button” button. Click the radio button “Trade button sends orders directly to” and select OptionsXpress in the pull-down menu. You may also enter your OptionsXpress Account ID and Password. After that, when you click the Trade button, OptionVue sends your order directly into the OptionsXpress web site, ready to be finalized and executed. And if you entered your Account ID and Password into OptionVue, the software automatically logs you in as well.

6. In Graphic Analysis, when superimposing cases, the program now assigns the Volty Change, Amount Provided, and Max Projected Date values of the current case to the superimposed case(s). Say, for example, you opened two cases – case A and case B, representing two different trades. Then with case B showing you clicked the Superimpose button to have case A superimposed over case B. Now, if you changed the Volty Change field, both cases would be re-analyzed with the new projected volatility. Before, only case B would have been re-analyzed with the new projected volatility. We originally designed it this way because we felt that most people would like the program to behave this way. However, we realized that the new way is probably how most people would expect the program to perform.

7. When the Matrix contained an existing position in an option, plus an offsetting trade in the same option (hypothetically closing the position), Graphic Analysis would leave out the hypothetically realized G/L from that option. This has been corrected and the hypothetically realized G/L is now included. The same goes for Detailed Analysis off the Graphic Analysis.

8. Asset position deltas are now updated during batch file updates, so that the Account Status can display updated asset deltas without having to first open Matrix(s).

9. On 7-5-02, approximately 50 Australian stocks and one Australian index were added to the BDB, and with this release, the OptionVue 5 software is able to access those new assets and work with them. Australian assets are accessed using symbols with a ‘-A’ extension.

10. The BullSignal (Australian prices) interface was re-structured to be more efficient.

11. Several items from the View menu were moved over under the Window menu, and may be seen under a new submenu item there called Open. This shortened the View menu, and made room for future items to be added there. The choices moved over were all redundant anyway: They were for opening screens that can be opened using buttons in the main tool bar.

12. Instead of 12 built-in OpScan formulas, there are now 13, as we have split the “Historically High or Low Volatility” formula into two formulas – one for historically high volatility and the other for historically low volatility. Also, these two formulas run on stocks only now, and show some additional parameters. In addition, the “Futures Markets in Order of Current Volatility” formula was changed to show some additional parameters.

13. Graphic Analysis was computing B.E.’s (break-even’s) across a range of from -3 standard deviations through +3 standard deviations of the price of the underlying. This was not extensive enough for some scenarios, so we increased it to a range from -4 through +4 standard deviations.

14. The Professional edition can interface to First Option’s RTTF System for automatic retrieval of positions and real-time trades. See supplemental spec for more details: Design notes for the RTTF Interface.doc.

15. The browse feature was improved in two ways. First, if you were browsing off of the Survey, OpScan Report, or Yates Break Search, then clicked in the Quotes Display, then came back, the Next and Prev buttons no longer worked until you closed and re-opened the Matrix, Price Chart or Volty Chart. Now the software leaves you in browse mode after being in the Quotes Display. In fact, among the Quotes Display, Survey, OpScan Report, and Yates Break Search, whichever window you most recently activated becomes the basis for browsing. Also, the current selection in the list being browsed is always visible, with the list scrolling automatically if necessary.