Tuesday, 3 December 2019

Unit 10: The Trader Workstation

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                                 Unit 10: The Trader Workstation    

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

Each trader has a unique identification by way of Trading Member ID and User ID through which he is able to log on to the system for trading or inquiry purposes.

Table 1: Financial Impact of Cash and Futures   Financial Derivatives   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.


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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