Bookmap Review 2018

Newcomers to stock market trading tend to think that with a ​glance at the chart, a few indicators, a free stock screener and an ​online broker, the way to successful day trading is almost inevitable.

This is often negligent because only a tiny amount of possible information „from the market“ is used for trading. Those who refrain from looking „behind the facade“ to find out how the market works, always risk losses.

On the other hand, a good strategy is to use the full market depth for each traded value (stocks, futures, etc.) for your own decisions. This means, for example, to use the order book, or DOM (Depth of Market), as well as Level 2 and Time & Sales data with a visualized trading software such as Bookmap™. This Boomap review reveals all important things you have to know about this exotic X-ray stock screener.

Bookmap.com Review

​About ​Bookmap

​With the trading platform Bookmap, a powerful trading platform has emerged in recent years that will set new standards for precise real-time data for trading and graphic illustration of „deeper“ market data with the highest possible accuracy. For example, the operator relies on essential functions such as a heatmap representation of the order book's development (market depth).

Tsachi Galanos, CEO of Bookmap, explains the essence of Bookmap about the name components of the platform: These stand for OrderBOOK and HeatMAP, according to Galanos.

Bookmap has been developed since the end of 2014 from the launch of the first version to a complete and robust platform for the visualization of market depth data.

In doing so, fairly sophisticated two-dimensional representations of data (heatmaps) are used in a concise graphic, since the problem is that traders are often poorly equipped and do not have access to all available market data necessary for successful trading decisions in one or a few charts.

Moreover, common chart tools not always lead to more transparency.

On the contrary, many data have already been filtered or summarized in advance. Thus, an unobstructed view of the actual supply or the real demand in the crucial market phases no longer exists.

Consequently, 100% of the market data should be offered. The bookmap concept also includes having all historical changes and real-time market depth updates easily traceable for trading.

​​Bookmap's target audience

According to the platform, customers primarily include hedge funds, proprietary trading companies, and individual traders in various market sectors. For example, they use bookmaps for trading in futures (including CME, Eurex), US equities and cryptocurrencies. In particular, the platform developed “by traders for traders” targets:

Bookmap Trader
  • ​Daytraders (short-term trading within one day)
  • ​Scalp traders (ultra short-term trading)
  • ​Swing traders (trading at all time levels in corrections against market trends)
  • Algo / quantitative traders (computer-programmed trading) as well as
  • High-Frequency Trading (HFT, High-Frequency Trading)

​Trading on Bookmap

The first and foremost important tool in trading is an easy-to-understand graphical chart representation (visualization) that still displays all data in a way that can be understood quickly. Therefore, anyone who has to act fast on the market wants to be able to identify at a glance what exactly is happening there. With Bookmap, even ultra-short-term traders should be able to make even better-hedged trading decisions. They should, therefore, be able to easily record the entire market data in an image or graphic format and recognize typical patterns more quickly.

Bookmap Multi-Asset Coverage

Bookmap Multi-Asset Coverage

​Bookmap basic features

Bookmap has some unique features „on board“ on the platform:

A heatmap is clearly showing the dynamics in the order book, recording and showing every change in the order book. A grayscale scale is used. Brighter shades mark price levels with a larger number of „dormant papers.“ Darker ones represent areas of lesser liquidity. The heatmap clearly shows how the entire limit order book and traded volume evolve. This provides a quicker and deeper insight into the market dynamics. The order book is updated very intensively (video with 25 - 40 frames / sec.);

​Volume point plots or volume bubbles that show when, where and how much volume was traded. The sizes are relative to the traded volume, and it is possible to filter by volume;

Large Lot Tracker (LLT): A unique feature that allows you to find out the largest limit orders in the order book, the "big fish in the pond."

​Repeat mode: Convenient because it records real-time trading sessions for later analysis in replay mode. In retrospect, the development of the order book can be studied at leisure, which may provide clues for new ideas and strategy improvements. Besides, it is possible to check exactly when your orders were placed, executed, changed or canceled. Those who use automated trading strategies can see where and how they have concluded profitable or losing trades. So last but not least: With the Trading Simulator you can simulate your strategy in real-time and replay. The market replay is offered in HD-appropriate quality;

​Trading from within the chart with „one-click trading“: Just click on a chart, and live trading starts!

​Real-time data: Bookmap is event-driven and refreshed every 30 milliseconds. Stock market data is unfiltered („raw“) real-time data for all US stocks „at full depth.“ It covers US exchanges including Nasdaq TotalView and Nasdaq Last Sale for both order book and trading.

Quant Solutions

​Bookmap presents market data with remarkable accuracy: Traders can „zoom in“ into days, hours, seconds, milliseconds, microseconds, and even nanoseconds time ranges. This allows the market depth data to be viewed without a „filter“.

​Special Bookmap Features

Other exciting and commercially useful features on Bookmap are:

  • ​Real-time monitoring: how one's trade affects or is influenced by other market participants. You can also see your own, estimated place is in the queue. Different instruments can be analyzed simultaneously. It supports more than 10 connectivity platforms.
  • ​Historical data: „dxFeed“ also provides 24-hour historical data with full depth to US equities. By subscription, similar data is also available for futures.
  • ​Access to advanced order book and order flow indicators.
  • Personal indicators related to personal trades can be developed.
  • Auto Strategies / API: Use of example execution algorithms and proprietary trading strategies
  • GDAX, now Coinbase Pro, allows subscribers to trade cryptocurrencies including Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

​The offer for beginners: Demo accounts allow trading with virtual money to exclude the emotions involved in real money trading. Demo accounts will also not charge commissions, exchange fees, and N.F.A fees. A demo account is always recommended to familiarize oneself with the extensive functions and tools of Bookmap and to test them in everyday use.

​Pricing

​The monthly contributions vary between 0 and $99 per month. With annual subscriptions, you can save 20% per month. Then the pricing is between 0 and $79 per month but billed annually.

Bookmap Pricing

​Bookmap Review Summary​

Bookmap can easily be described as one of the most advanced market data visualization and trading platforms. Many professional traders are already using the extensive real-time trading capabilities with Global and Global Plus subscriptions to trade on major exchanges such as CME, Eurex, NASDAQ or others.

Anyone looking for this performance in short-term and ultra-short-term trading will undoubtedly appreciate the platform which is consistently focused on the depth and detail of the market data. To this end, Bookmap offers price-staggered usage packages.

Beginners who want to get to know the extensive range of services has of course access to a free starter version with the “Digital” package. A demo account is also available for trying out the functionality – which beats just reading about it in any case.

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