Bookmap xRay on Tradovate

Flexible Options for Using Bookmap at Tradovate

Do you like to use Bookmap’s tools directly inside another trading platform or do you prefer to use Bookmap’s standalone platform, Bookmap Pro, for all of your trading? At Tradovate, you can do both, so pick the one that works best for you!

Option #1 – Use Bookmap Fully Integrated with Tradovate

Simply pick the Tradovate pricing option that you want and start using Bookmap xRay combined with Tradovate’s cloud-based platform .  Trade commission-free with no order routing fees using Tradovate and Bookmap xRay on any device you choose.  Purchase a license for the fully integrated Bookmap xRay for only $39/month.

Option #2 – Use Bookmap Pro

Simply select our Active membership plan start and trading after licensing Bookmap Pro. Trade commission-free while using Bookmap Pro on your Windows computer. In addition to trading on Bookmap Pro you will have access to Tradovate’s on-demand Market Replay for Bookmap xRay, set daily loss limits for enhanced risk management, and get charting with the Tradovate’s Advanced Charting module and Custom Indicators.

What is Bookmap?

Bookmap is an innovative platform that provides you with clearer transparency into the market. At the heart of Bookmap is the Order-Book Heat-Map that visualizes market depth dynamics and evolution over time. The heat map delivers the real time non-aggregated non-filtered market data and helps you instantaneously observe market depth dynamics and the flow of liquidity, allowing you to gain better insight into short term price action. Bookmap allows traders to connect directly to today’s most popular futures markets using Tradovate.

How does it work?

Bookmap enables you to watch not only the current snapshot of the DOM but also the historical changes. The heat map records and visualizes every change in the order book by displaying it on a scale of gray shade. The brighter shades mark price levels with larger number of resting paper while darker shades mark areas of lower liquidity.

How is it different from any other charting platform out there?

You will not find the classical bars and candles or other forms of aggregated data. You will not see the chart shifts once in a while to add a new bar. Instead, you will see an HD movie that visualizes gigabytes of non-aggregated market data (both trades and market depth).

Bookmap is fine tuned for human visual perception, and allows to digest huge amounts of information, and unveil the real auction that takes place in the market. The only limitation of data precision is the resolution of your monitor.

What information does Bookmap present that was previously “lost”?

The mostly common tool to place a trade is a regular dom. When you look on a regular DOM, you can see the size at each price level, however, it is very hard to see the changes and you can’t tell when those limit orders placed in the market. With Bookmap you can see it all. This enable you to:

  • See the real liquidity levels (Real support or Real resistance)
  • Confirm your Macro buy / sell decision with the Micro behavior in the order book
  • Identify that big players stepping in

What is the easiest way to add Bookmap to your existing trading style or strategy?

The historical depth of market information is useful to traders because it shows not only where price is now, but where it might be in the near future. Traders use Bookmap because:

  • It provides information. All of it, concerning the market data.
  • It tells a story behind that information.
  • It helps to achieve the goal of better trading performance both in real time trading and by debriefing recorded trading sessions.
  • It educates about market data dynamic and microstructure, and about dominant market participants. Remember, a monthly chart is also an aggregation of the activity on the microseconds level.

Bookmap Videos