Orders

Placing an Order : When an order is entered, it undergoes a process of local validations. Following these local validations, the order is passed to Order Routing System (ORS). The ORS passes the order to the Risk Management System, where it is validated against defined pre-trade risk parameters and limits. If any violation takes place, a warning message will be displayed, displaying the reason and type of violation that takes place. There is a facility to make the changes and re-submit the order. If an order does not cause any violations, it is sent to the exchange. The exchange performs validations on the order before sending a confirmation back. When the order is received by the exchange, it sends an acknowledgement. (back to the ITS). Placing an Order involves the following steps :

This functionality provides the facility to enter orders into the exchange depending on the privileges
given to the user. The orders can be placed only for those Order Books that are supported by the exchange.

  1. Time Conditions :
    The system allows the facility to enter orders with various conditions attached to them as supported by
    the exchange. Currently these conditions are broadly divided into the following categories :
  2. Quantity Conditions :
    1. DQ: Disclosed Quantity
    2. MF : Minimum fill quantity
    3. AON : All or None
  3. Price Conditions :
    1. Within the Price band
    2. if user like to place the Mkt Price please check the Cut off. this will enable you to place the order for first bid at market price.
    3. Market price
  4. Order entry is not allowed in the following conditions:
    • Security is suspended.
    • Security has matured.
    • Security has been expelled.
    • Security is not eligible in that market.
    • Security does not exist in the system.
    • User is disabled.
    • Quantity is more than issued capital.
    • Quantity/Disclosed Quantity/MF Quantity is not equal to multiples of regular lot.
    • Disclosed Quantity/MF Quantity is more than order Quantity.
    • Limit Price/Trigger Price is not a multiple of Tick size .

      Order Book :

      This functionality will display the outstanding orders.
      The orders can be sub divided under following sub categories:

      1. Orders Pending at the exchange: Orders, whose confirmation is pending at the exchange, since it has
        not yet completed the validation process.
      2. Orders Modified: Orders, which have been modified by the dealers.It will show both confirmed orders
        and the pending orders.
      3. Orders in Transit: Orders, that have been entered and also an internal confirmation is received,
        but the Exchange confirmation has not been so far received.

      Limits View :

      This functionality will display the different limits of the client such as the :

      • Initial Margin Limit
      • Mark-to-Market Limit
      • Net Exposure Limit
      • Turnover Limit

      The above 4 limits will be validated/displayed depending on the business rules selected by the broker and will be used for margin trading.
      Besides the above limits, the following 2 limits will be displayed:

      • CnC Fund Limit, limit for taking a buy-side delivery position.
      • Securities Limit – A security-wise limit for taking a sell-side delivery position.

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      Stock Details :

      Quering for Stock Details involves the following steps :

      • Select the Exchange
      • Enter the Security ID. If the client does not know the Security ID, he may enter a string containing a sequence of strings regarding the companys name in the textbox & click on the button beside the textbox. This should open another window containing all Security IDs which have the string entered by the user.
      • Click on Get Info

      This functionality gives details of the selected security.
      These Details include:

      • The Margin Percentage that will be charged for an order for that security.
      • Whether the security is available for short sell while margin trading.
      • Whether the security is available for intersettlement trading.
      • Whether the security is present in the NRI basket.
      • Whether the Security is allowed for Margin/CnC Trading

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      Cash Projection :

      It indicates the amount the client owes the broker and the amount the broker owes the client. The following details will be displayed to the user :

      • Segment
      • Settlement number
      • Due date
      • Exchange
      • Product
      • Amount
      • Transaction
      Transaction will indicate whether the securities are due to HSL or due from HSL Quering Cash Projection involves the following steps :
      • Select a CNC or Margin Product
      • Select the Exchange
      • Select the Segment. If the Product is CNC, the user will get an option of Equity. If the Product is Margin,the user will get option of Equity and Derivative
      • Click on Submit

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      Share Projection :

      It indicates the shares the client owes the broker and the shares the broker owes the client settlement-wise.
      The segment will be Equity by default. The following information will be displayed :

      • Settlement number
      • Due Date
      • Exchange
      • Product
      • Scrip code
      • Quantity
      • Intersettlement Qty
      • Transaction

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      Index Enquiry :

      This functionality will provide the dynamic information of the indices either from a drop down list box, or as a tabbed set of columns. There will be the option to select and view the Index of choice. All the Indices that are provided by the exchanges will be displayed.

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      Get Quote :

      The purpose of the Get quote functionality is to display the instantaneous market information for a particular contract on a particular exchange (or across exchanges).

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      Activity Log :

      The purpose of Activity Log inquiry is to enable user to view the trading activity in his/her own orders. This functionality will facilitate the viewing of all trading related activity for the day or settlement period on a selected exchange- contract-Market-client combination.
      Quering Activity Log involves the following steps :

      • Select a CNC or Margin Product
      • Select the Exchange
      • Select the Instrument. If the Product is CNC, the user will get an option of Equity. If the Product is Margin, the user will get an option of EQUITY, FUTIDX, FUTSTK, OPTIDX, OPTSTK
      • Enter the Security ID. If the client does not know the Security ID, he may enter a string containing a sequence of strings regarding the companys name in the textbox & click on the button beside the textbox. This should open another window containing all Security IDs which have the string entered by the user.
      • Select the mode as Online or Offline
      • Click on Submit

      The purpose of Activity Log inquiry is to enable user to view the trading activity in his/her own orders.
      This functionality will facilitate the viewing of all trading related activity for the day or settlement period on a selected exchange- contract-Market-client combination.
      The activities shown are as follows:

      • Order modification
      • Order cancellation (by dealer, system)
      • Trade (Bought/Sold)

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      Contract Specifications :

      Quering for Contract Specifications involves the following steps :

      • Select the Exchange
      • Enter the Security ID. If the client does not know the Security ID, he may enter a string containing a sequence of strings regarding the companys name in the textbox & click on the button beside the textbox. This should open another window containing all Security IDs which have the string entered by the user.
      • Select the Instrument. If the Product is CNC, the user will get an option of Equity. If the Product is Margin, the user will get an option of EQUITY, FUTIDX, FUTSTK, OPTIDX, OPTSTK
      • Click on Get Info

      This functionality gives the following details for contracts/securities:

      • Company Name
      • Settlement Price
      • Lot Size
      • Tick Size
      • Day Price Range

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      Corporate Actions :

      Quering for Corporate Actions involves the following steps :

      • Select the Exchange
      • Enter the Security ID. If the client does not know the Security ID, he may enter a string containing a sequence of strings regarding the companys name in the textbox & click on the button beside the textbox. This should open another window containing all Security IDs which have the string entered by the user.
      • Click on Get Info

      This functionality will provide details of any Corporate Action for any security. The details provided will be:

      • Corporate Action
      • Record Date
      • No Delivery Start/End Date
      • Book closure Start/End Date

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      Market Status :

      The purpose of the Market Status functionality is to display the real time status of each Exchange,
      Segment & Market Type.

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      Internal Id :

      This functionality provides the internal scrip code for the concerned security.

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      Exchange Message :

      Quering Exchange Message involves the following steps :

      • Select the Exchange
      • Select the Segment. If the Product is CNC, the user will get an option of Equity. If the Product is Margin,the user will get option of Equity and Derivative
      • Click on View Messages

      This page displays message received from the Exchanges

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      System Message :

      Quering Exchange Message involves the following steps :

      • Select the Message Type
      • Click on View Messages

      This page allows you to view the System messages

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      Funds Hold/Release

      This page allows client to select Bank Name and Bank Account for Fund Hold/Release.
      Clicking on "Hold" Button enables client to place Fund Hold from selected Bank Name and Bank Account.
      Clicking on "Release" button enables client to Release Fund to selected Bank Name and Bank Account.

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      Securities Hold/Release

      This page allows client to select Dp Name and Dp Account for Security Hold/Release.
      Clicking on "Hold" Button enables client to place Security Hold from selected Dp Name and Dp Account.
      Clicking on "Release" button enables client to Release Security to selected Dp Name and Dp Account.

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      Utilities

      Option Calculator

      In addition to the accurate pricing of American as well as European options, the advanced option calculator comes up with the following features:

      • Option calculator directly calculates the theoretical premium if it is invoked from the market watch.
      • Order entry facility from the option calculator with the price being the theoretical premium.
      • Can calculate the premium and the Greeks for multiple number of contracts at a time and save that as an excel file for further analysis.
      • Provision of Binomial Tree method for accurate calculation of American Options.
      • Choice to use either Binomial or Black & Scholes method to calculate premiums and Greeks for either American or European options.

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      Cost of Carry Calculator

      Cost of Carry is the Rate of Interest for carrying a position in a series at a rate (Futures price) using the latest underlying value as reference. The relationship between future prices and the spot prices can be summarised in terms of what is known as Cost of Carry. This measures the storage cost plus the interest that is paid to finance the underlying asset.

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      Portfolio

      This functionality would aid the dealer in creating portfolios of his choice and adding the same into the Market Watch directly from there. It is possible to add a portfolio or drop a portfolio. There would be some system-defined portfolios which cannot be dropped by the dealer. The dealer would be able to see the list of securities in a particular portfolio by selecting the same. The dealer would also be able to add securities to an already existing portfolio (excluding system generated portfolios).

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      My Details


      Change Password

      This page allows you to change your password

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      EMail

      This page allows you to change your eMail settings

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      Broker

      is a member of an exchange who acts as an intermediary between buyer and seller in trading securities, commodities, or other property. He charges a commission for this service.

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      SEBI

      was formed to protect the interests of investors in securities and to promote the development of and to regulate the securities market.
      It has rule making power, licensing power, investigating power and directing power.

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      Equity Shares

      The holders of Equity shares are the owners of the company and have the voting power by which they can, among other things, elect the board of directors, and have right to earnings of the company in the form of distribution of dividend and bonus shares. However, they also run the risk of receiving nothing if earnings are insufficient to cover all obligations if the company is liquidated. Equity holders hope to receive a return based on two sources – dividends and capital gains. Dividends are received only when company earns sufficient fund surplus and the board of directors deems it proper to declare a dividend. Capital gains arise from an advance in the market price of the equity shares, which generally associated with expected growth in per share earnings. They also have a right of pre-emption in the matter of fresh issue of capital. In the event of winding up of the company, Equity share capital is repayable only after repayment of the claims of all creditors and Preference share capital.

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      RL

      Regular Lot

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      SL

      Stop Loss

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      OL

      Odd Lot

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      Outstanding Order :

      An outstanding order will be an order that has been sent to the exchange, but which has not yet
      resulted in a trade.
      Outstanding orders can be viewed for all the possible combinations of Exchange – Security – Market- Client.

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