Page 107 - DCOM507_STOCK_MARKET_OPERATIONS

Stock Market Operations

Notes period, the application continues to receive all market updates in the background. The
user, however, cannot enter orders or make inquiries. This allows the user to leave the
trading system temporarily inactive and prevents unauthorized access to the system. On
selecting the temporary sign off option, a password entry screen is displayed. The use of
the NEAT system is enabled on entering the correct password. The temporary sign off is
automatically activated when the user is inactive for a period of 5 minutes. The user has to
enter the password to resume activities. If three attempts are made to sign on with an
incorrect password, the user is permanently logged off. In this case the user has to log on
again.
3. Exit: On selection of this option, the user comes out of sign off screen.

5.2.6 NEAT Screen

The trader workstation screen of the trading member is divided into the following windows:
1. Title bar: It displays trading system name i.e. NEAT, the trading member name the user Id,
user type, the date and the current time.
2. Ticker Window: The ticker displays information of all trades in the system as and when it
takes place. The user has the option of selecting the securities that should appear in the
ticker. Securities in ticker can be selected for each market type. On the extreme right hand
of the ticker is the on-line index window that displays the current index value of NSE
indices namely S&P CNX Nifty, S&P CNX Defty, CNX Nifty Junior, S&P CNX500, CNX
Midcap, CNX IT, Bank Nifty, CNX 100 and Nifty Midcap 50, CNX Realty, CNX MNC, CNX
FMCG, CNX Energy, CNX Infra, CNX Pharma, CNX PSU Bank, CNX PSE and CNX Service
and India VIX. The user can scroll within these indices and view the index values
respectively. Index point change with reference to the previous close is displayed along
with the current index value. The difference between the previous close index value and
the current index value becomes zero when the Nifty closing index is computed for the
day.

The ticker window displays securities capital market segments. The ticker selection facility
is confined to the securities of capital market segment only. The first ticker window, by
default, displays all the derivatives contracts traded in the Futures and Options segment.
3. Tool Bar: The toolbar has functional buttons which can be used with the mouse for quick
access to various functions such as Buy Order Entry, Sell Order Entry, Market By Price
(MBP), Previous Trades (PT), Outstanding Order (OO), Activity Log (AL), Order Status
(OS), Market Watch (MW), Snap Quote (SQ), Market Movement (MM), Market Inquiry
(MI), Auction Inquiry (AI), Order Modification (OM), Order Cancellation (OCXL), Security
List, Net Position, Online Backup, Supplementary Menu, Index Inquiry, Index Broadcast
and Help. All these functions are also accessible through the keyboard.
4. Market Watch Window: The ‘Market Watch’ window is the main area of focus for a
trading member. This screen allows continuous monitoring of the securities that are of
specific interest to the user. It displays trading information for the selected securities.
5. Inquiry Window: This screen enables the user to view information such as Market by
Order (MBO), Market By Price (MBP), Previous Trades (PT), Outstanding Orders (OO),
Activity Log (AL), Order Status (OS), Market Movement (MM), Market Inquiry (MI), Net
Position, Online Backup, Index Inquiry, Indices Broadcast, Most Active Securities and so
on. Relevant information for the selected security can be viewed.

6. Snap Quote: The snap quote feature allows a trading member to get instantaneous market
information on any desired security. This is normally used for securities that are not

102 LOVELY PROFESSIONAL UNIVERSITY