Page 156 - DCOM510_FINANCIAL_DERIVATIVES

Unit 10: The Trader Workstation

5. On line Index and Index Inquiry: With every trade in a security participating in Index, Notes
the user has the information on the current value of the Nifty. This value is displayed at
the extreme right hand corner of the ticker window. Index Inquiry gives information on
Close, Open, High, Low and current index values at the time of invoking this inquiry
screen.
6. Inquiry window: In this window, the inquiries such as Market by Order, Market by Price,
Previous Trades, Outstanding Orders, Activity Log, Order Status and Market Inquiry can
be viewed.
7. 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
already on display in the Market Watch window. The information presented is the same as
that of Market Watch window.
8. Order/trade window: Order entry mechanisms enable the Trading Member to place orders
in the market.

Notes The system will request re-confirmation of an order so that the user is cautioned
before the order is finally released into the market.

!
Caution Orders once placed on the system can be modified or cancelled till they are
matched. Once orders are matched they cannot be modified or cancelled.
There is a facility to generate online order/trade confirmation slips as soon as an order is
placed or a trading is done. The order confirmation slip contains among other things,
order no., security name, price, quantity, order conditions like disclosed or minimum fill
quantity etc. The trade confirmation slip contains the order and trade no., date, trade time,
price and quantity traded, amount etc. Orders and trades are identified and linked by
unique numbers so that the investor can check his order and trade details.
9. System message window: This window is used to view messages from the Exchange to all
specific Trading Members.

10. Supplementary Menu: Some of the supplementary features in the NEAT system are:
(a) On line back up: An on line back up facility is provided which the user can invoke to
take a back up of all order and trade related information. There is an option to copy
the file to any drive of the computer or on a floppy diskette. Trading members find
this convenient in their back office work.
(b) Off Line Order Entry: A member is able to make an order entry in the batch mode.

Self Assessment

Fill in the blanks:
1. The …………………… is the terminal from which the member accesses the trading system.
2. The …………………… displays information about a trade as and when it takes place.

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