Page 169 - DCOM510_FINANCIAL_DERIVATIVES

Financial Derivatives

Notes  A Trading Member can define a hierarchy of users of the system with the Corporate
Manager at the top followed by the Branch Manager and Dealers.

 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 ‘Market Watch’ window has a context menu, which can be accessed by right-clicking
on a symbol.
 Prices in the “Market Watch” window have different colours.

 In order to quickly add a symbol to the “Market Watch” window you should double-click
with the left mouse button anywhere outside the list of turned on symbols.
 When you open this window, it contains the same set of symbols as are displayed in the
main ‘Market Watch’ window.
 Trading tab allows performing trade operations with a single mouse click. In other words,
when a trader presses the “Sell” or “Buy” button, a request to perform a trade operation of
a specified volume is instantly sent to the server.

 For both the futures and the options market, while entering orders on the trading system,
members are required to identify orders as being proprietary or client order.
 The NEAT F&O trading system also enables to enter spread/combination trades. Figure
10.4 shows the spread/combination screen. This enables the user to input two or three
orders simultaneously into the market.
 In order to provide a facility for easy arbitrage between futures and cash markets, NSE
introduced basket-trading facility. This enables the generation of portfolio offline order
files in the derivatives trading system and its execution in the cash segment.

10.6 Keywords

Basket Trading: This enables the generation of portfolio offline order files in the derivatives
trading system and its execution in the cash segment.

Market by price (MBP): MBP enable the user to view passive orders in the market aggregated at
each price and are displayed in order of best prices.
Market watch window: The Market Watch window is the main area of focus for a Trading
Member.
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.

Snap Quote: The Snap Quote feature allows a Trading Member to get instantaneous market
information on any desired security.
Ticker Window: The ticker displays information about a trade as and when it takes place.

Ticks: This tab of the Market Watch window allows viewing tick charts inside the Market Watch
window.
Title bar: The title bar displays the current time, Trading system name and date.

Trader Workstation: The trader workstation is the terminal from which the member accesses
the trading system.

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