The trader workstation is the terminal from which the member accesses the borrow and lending system. Each member has a unique identification by way of Participant ID and User ID through which he is able to log on to the system for order entry purposes. A 'participant' can have multiple user IDs allotted to him by which he can have more than one employee using the system concurrently.
The order matching platform features & user navigation for SLBS are described below:-
Setting up Securities in Market Watch
For setting up securities in the Market Watch screen, the user has to press the function key [F4], enter the required details in instrument type, Symbol, Series, Settlement Date and Market Type fields and press [Enter]. The default option displayed in the market type field is ‘N’. Alternatively the user can also set up security in MW from Security List [Shift + F7]
Order Entry – Borrow/ Recall orders can be entered in SLBS using the function keys [F1]. Similarly, Lend/ Repay orders can be entered in SLBS using the function key [F2] and selecting ‘RL’ / ‘SL’ in the Book Type field. Participant can select between Borrow or Recall in case of [F1] and Lend or Repay in case of [F2] by toggle key.
With respect to orders in the SLBS, Participants may note the following:
|Order Type:||Select between Borrow / Recall using the function keys [F1] or Lend / Repay using the function keys [F2]. Participant can select between Borrow or Recall in case of [F1] and Lend or Repay in case of [F2] by toggle key.|
|Book Type||Select between Regular Lot (RL) or Stop Loss (SL) order|
|Quantity||Order quantity should be in multiples of Market Lot.|
|Price||In price field member has to enter fees for securities lending & borrowing. They can enter either market orders or limit price orders. Order price for limit price orders should be in multiples of tick size.|
|PRO/CLI||Both ‘Proprietary (Pro)’ and ‘Client (Cli)’ orders are allowed.|
|Time Conditions||User can specify time conditions as ‘Day’ or ‘IOC’.|
|Participant Code||A valid Custodial Participant Code has to be entered in this field.|
Order Cancellation/Modification – Order cancellation and modification is allowed for orders entered in the SLBS. Both interactive and bulk order cancellations are available. In order to cancel an order, a member has to press [Shift+F1] to invoke Order Cancellation screen and select ‘RL’ in the Book Type field. In order to cancel bulk orders, a member has to pres [ SHIFT+F3]
MBP [F6] – User can query order information for the SLBS in MBP by selecting ‘REGULAR LOT’ as book type in the selection screen. Orders are stacked according to price-time priority in MBP. The high, low, last transacted price, percentage change and average transaction price figures are calculated with respect to transactions in SLBS.
Outstanding Orders [F3] /Activity log [F7]/ Previous Transactions [F8] - Outstanding order/ Activity log/ Previous Transaction information in a particular security can be viewed for SLBS by selecting the book type ‘REGULAR LOT’(in the respective selection screens.
Order and Trade Confirmation Slips - The member can print order and trade confirmation slips. The slips can be printed online [CTRL+O] or offline [CTRL+F]. The user can print the confirmation slips in tabular or one line format.
On-line Backup – The member can export orders/ trades based on the filtered order/ trade attributes.
Full Message Display – In Full Message Display, messages can be filtered on Symbol and Series & Settlement Date.
Offline Order Entry – This function is available for SLBS. The structure for the input file is given in the online help.
Branch Order Value Limit – The corporate manager can set limit for branch manager
User Order Value Limit – The branch manager can set limit for associated dealers.
Order Limits - The dealer can set order limit for each order in terms of quantity and value.