Page 197 - DMGT513_DERIVATIVES_AND_RISK_MANAGEMENT

Derivatives & Risk Management

Notes 500113 Sail SAIL
500376 Satyam Computer Serivices Limited SATYAM
500295 Sesa Goa Ltd SES
532670 Shree Renuka Sugars Ltd REU
500550 Siemens Ltd. SIEMN
532784 Sobha Developers Ltd SDL
532863 Spice Communications Ltd SPCN
500285 Spicejet Ltd SPJ
500112 State Bank of India SBI
500900 Sterlite Industries (India) Ltd STER
532667 Suzlon Energy Ltd SUZ
500770 Tata Chemicals Ltd TCHEM
500483 Tata Communications Ltd. TCL
532540 Tata Consultancy Services Ltd TCS
500470 Tata Iron & Steel Company Limited TISCO
500570 Tata Motors Ltd. TELCO
500400 Tata Power Company Limited TPWR
500800 Tata Tea Limited TTEA
532371 Tata Teleservices Maharashtra Ltd TTL
532755 Tech Mahindra Ltd TEM
500114 Titan Industries Ltd TIL
532477 Union Bank Of India UBI
507878 Unitech Ltd UNI
532432 United Spirits Ltd USL
500575 Voltas Ltd VOL
532144 Welspun-Gujarat Stahl Rohren Ltd WGS
507685 Wipro Limited WIPRO
505537 Zee Entertainment Enterprises Ltd ZEE

14.6 Basics of Trading

The following are the key concepts of a trading system:

14.6.1 Parties of a Trading System

There are four parties/entities in the trading system. They are Trading members, clearing
members, professional clearing members and participants.
1. Trading members: Trading members are members of NSE. They can trade either on their
own account or on behalf of their clients including participants. The exchange assigns a
trading member ID to each trading member. Each trading member can have more than
one user. The number of users allowed for each trading member is notified by the exchange
from time to time. Each user of a trading member must be registered with the exchange
and is assigned a unique user ID. The unique trading member ID functions as a reference
for all orders/traders of different users. This ID is common for all users of a particular
trading member.

192 LOVELY PROFESSIONAL UNIVERSITY