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Trading

 

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New Order

 

The New Order module can be used to place buy / sell orders for a selected stock. SICO LIVE provides you an easy to understand and efficient order entry interface. When placing an order, you should specify the portfolio details, symbol details, order type, price, quantity and order validity. After you select the symbol, the Market Depth by Price details are displayed in the window to give you a quick view of the symbol you are going to trade and the Order Value is displayed at the bottom of the window.

 

Holding displays the number of shares you have already purchased from the symbol while Buy Pending and Sell Pending reflect any pending buy and sell orders you have entered for the symbol. Once you enter the order details, the Order Value is displayed.

 

If the buy order value is above the buying power or if the selling quantity is more than the Holding, the order is rejected.

 

After you place an order you can monitor its progress using the Order List.

 

new order

 

 

PROCEDURE

To place an order:

1.On the side panel select trade button and navigate to the New Order window.

A: Select the portfolio details

•Select the portfolio from the Portfolio list.

B: Select the symbol

C: Enter the order type, quantity and price

I. Select the order type from the drop down:

oMarket

oLimit

oStop

oStop Limit

oTrailing Stop Limit

oTrailing Stop

oMTL

oMIT

II.Type the total quantity and price. Entering price is not mandatory for Market Orders.

D: Select the TIF Type (Some of the fields will be dimmed if they are not permitted by the exchange.)

•Select the validity from the Good Till list. Some of the fields will be dimmed if they are not permitted by the exchange or not applicable for the order types.

•Available TIF types are as below:

oAOP

oGood for Auction

oGTD

oFAK

oDAY

oAt the Close

oFOK

oGTC

oCPX

E: Optional order details

Enter the quantity conditions: (Some of the fields will be dimmed if they are not permitted by the exchange.)

•Disclosed Qty - If you select Disclosed Qty, only a part of the order quantity is disclosed to the market. The next part is automatically released after the previous order quantity. You can apply this to a very large quantity. If nothing is mentioned in the disclose quantity box then the entire buy/sell quantity is disclosed in the market i.e. all the traders in the market can see the total quantity for which the order has been entered.

•Min Fill - If you select Minimum Fill, the order will get executed only if the minimum number of shares specified is filled.

2.Click Buy or Sell as applicable to place the order. A message opens inquiring to confirm the order.

3.Click Confirm Order.