Stocks & Commodities V. 27:10 (64-66): Product Review Pro-Mark by Dennis Peterson
Pro-Mark is Java-based software offered by Patsystems for end-users. The brokerage or clearing firm is the actual Patsystems customer. Hence, the price is whatever the brokerage or clearing firm might charge for Pro-Mark. While there is a third-party plug-in that provides some basic charting, Pro-Mark’s selling point is that it is an execution platform designed for the commodities market. It offers the ability to have a single mouse-click place an order, it gives access to quotes in a couple of ways, and it offers the ability to autospread.
Patsystems originated in England and still carries some unique British terms such as “bidding a dime.” There is no Help on the menu line, but you can access a Pro-Mark user’s manual by going to http://chicago.Patsystems.com.
Two screens allow you to place orders: Reflector and Live Quote. Using the Reflector screen, you can buy or sell by clicking below the yellow line on either the “Bid” or “Offer” volume columns (Figure 1). To set up a Reflector screen, you have to first select a contract, and you do that by using the Selector screen. The Selector screen lets you see the individual contract dates. Click on the date and drag it over to a Reflector screen to start trading the contract of your choice. Clicking and dragging specific contracts from the Selector screen to another screen is the typical technique used by Pro-Mark to update a screen with the contract you want, thus minimizing typing.