Page 157 - DCOM510_FINANCIAL_DERIVATIVES

Financial Derivatives

Notes 3. The purpose of Market Watch is to view market information of …………………… securities
that are of interest to the Trading Member.

4. …………………… gives information on Close, Open, High, Low and current index values
at the time of invoking this inquiry screen.

5. The ………………………………feature allows a Trading Member to get instantaneous
market information on any desired security.

10.2 The Market Watch Window

The ‘Market Watch’ window contains a list of quotes, which are constantly updated. The market
watch window is the third window from the top of the screen which is always visible to the user.
The purpose of market watch is to allow continuous monitoring of contracts or securities that are
of specific interest to the user. It displays trading information for contracts selected by the user.
The user also gets broadcast of all the cash market securities on the screen. This function also will
be available if the user selects the relevant securities for display on the market watch screen.
Display of trading information related to cash market securities will be on “Read only” format, i.e.
the dealer can only view the information on cash market but, cannot trade in them through the
system.

Notes This is the main window from the dealer’s perspective.
A broker review market information of pre-selected securities that are of interest to him/her.
To monitor various securities, the broker has two options:
 Key in the security descriptor that is a symbol and a series field
 Invoking the security list and then selecting the securities

Each line in the ‘Market Watch’ window corresponds to a specific market instrument, and has the
following fields:

Table 10.1: Fields in Market Watch Window

Field Description
Symbol The symbol for the market instrument
Bid The current bid price
Ask The current ask price
Update Time The last time the quote was updated
Maximum The highest price so far in the day
Minimum The lowest price so far in the day

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