Internet Based Fully Automated Online Trading System CONFIDENTIAL All rights reserved. No part of this publication may be reprinted, reproduced, stored in a retrieval system or transmitted, in any form or by any means, without the prior permission in writing from the owners. Trade Management System User Manual
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Internet Based
Fully Automated
Online Trading
System
CONFIDENTIAL
All rights reserved. No part of this publication may be reprinted,
reproduced, stored in a retrieval system or transmitted, in any form
or by any means, without the prior permission in writing from the
2.1 Purpose The purpose of this document is to instruct users on the functionalities of Order Management System that can be used to perform the desired task using the system. It details step by step procedure of all implemented functionalities in Order Management System.
2.2 Target Audience This Manual has been prepared to provide guidance to the users of Order Management System. This document is targeted for external users of NEPSE (Brokers) carrying out trading transactions on day to day basis.
Select Instrument Type as Equity. Select Security Symbol to be traded. Once the security is selected for trading, trading parameters for respective security will be displayed as shown in below fig:
Fig. 5.2.1.3. Select Instrument Type NOTE: - Price should be in between Valid Low Price & Valid High Price & multiple of tick size defined. Quantity should be multiple of Board Lot Quantity defined in trading parameters. LTP is Last Traded Price for respective security.
Enter trade quantity, trade price and disclosed quantity (Optional). Only quantity defined as disclosed will be displayed as order quantity and minimum of 10% should be disclosed. Select order validity as Day. Then, click on Place order.
Fig. 5.2.1.4. Enter Quantity and Price
Once the order is placed, a success message will be displayed at top right corner of the screen.
Fig. 5.2.1.5. Order Placing Successful
Once the order is successfully placed, it gets populated in order book of respective client.
To verify, Navigate to Order Management- > Order Book.
Once counter sell order comes through for same security, trading is initiated. If the counter sell order is of same quantity and price, the order will be completely matched and status will be change to complete. The counter order should be placed by a different client.
Fig. 5.2.1.1.1. Order Status Complete
Once the order is completely matched, the total quantity will be equal to traded quantity and remaining quantity will be zero. It is shown in above figure.
Click on view icon in Action bar to view order details. Fig. 5.2.1.1.2. Order Details
Once the order is successfully placed, it gets populated in respective client’s Order Book. The status of the order will be ‘OPEN’.
Fig. 5.2.1.2.2. Order Status OPEN
Now, once a counter sell order comes with different order quantity for same security and at same price, the order will be partially matched .Here, counter sell order is of order quantity 10, so traded quantity is 10 and remaining quantity is 5 as shown in below figure.
Note: In partially traded order, Remaining quantity= Total quantity- Traded quantity as shown in above figure. Remaining quantity will be traded as per counter orders that will come with the same price. If there is any quantity left to be traded at the end of the day, the remaining quantity will be automatically cancelled. Fig. 5.2.1.2.3. Order is Partially Traded
Select Instrument type as Equity. Select security symbol to be traded. Once the security is selected for trading, trading parameters for respective security will be displayed.
Enter trade quantity, trade price and disclosed quantity (Optional). Only quantity defined as disclosed will be displayed as order quantity and minimum of 10% should be disclosed. Select order validity as Day. Then, click on Place order.
Fig. 5.2.2.3. Enter Quantity and Price
Once the sell order is successfully placed, it gets populated in order book of respective client.
To verify, Navigate to Order Management- > Order Book.
Order status will be ‘Open’ until the order is Matched/Partially matched/Cancelled/rejected.
Once counter buy order comes through for same security, trading is initiated. If the counter buy order is of same quantity and price, the order will be completely matched and status will be change to complete. The counter order should be placed by a different client.
Fig. 5.2.2.1.1. Trade Complete
Once the sell order is completely matched, the total quantity will be equal to traded quantity and remaining quantity will be zero. It is shown in above figure.
Click on view icon in Action bar to view matched order details. Fig. 5.2.2.1.2. Order Details
Once the sell order is matched, it becomes a Trade which will be populated in Trade Book of respective client.
To verify, Navigate to Trade Management- > Trade Book.
Now, once a counter buy order comes with different order quantity for same security and at same price, the order will be partially matched .Here, counter sell order is of order quantity 10, so traded quantity is 10 and remaining quantity is 8 as shown in below figure.
Fig. 5.2.2.2.3. Order Partially Traded
Remaining sell quantity will be matched if & when next counter buy order comes through and the process will continue until all quantities are matched.
Make necessary changes to existing order details and click on Place Order.
The order will be placed for trading with updated order details. The status of the order will remain ‘PARTIALLY_TRADED’. Navigate to Order Book to verify.
The status of the order will be changed to ‘CANCELLED’. Once the order is cancelled, the remaining quantity of Partially Traded order will not be available for trading again.
Fig. 5.4.2.2. Order Status Cancelled
5.4.3 Order Cancelled at the End of Day (Buy/Sell)
All open and Partially Traded orders (buy & sell) will be automatically cancelled at the end of day. All unmatched orders will be cancelled at market close.