Non NEAT Front end
Exchange provides a trading front-end ‘NEAT’ for trading. However, if the member wants to customize the trading front-end according to his requirements, the member can do so and can develop a Non-NEAT front-end. This facility is available to the trading member of the exchange.
The approval process of Non-NEAT front-end is governed by the Exchange. For developing the Non-NEAT front-end application, member has to procure an API document from the Exchange. This document describes the protocol to be used for Non-NEAT Front-end (NNF) to communicate with the Exchange’s Trading System and thus serves as a development guide for the NNF users. Alternately, the members can procure the Non-NEAT Front-end from the vendors empanelled with the Exchange.
The Exchange has made available the CTCL / Internet based trading (IBT) / Direct Market Access (DMA)/ Security trading thought wireless technology facility (STWT)/ Automated /Algorithm Trading (ALGO)/ Smart order router (SOR) to the Trading Members, subject to such terms and conditions as specified by the Exchange from time to time in the Scheme Governing the use of facility relating to CTCL / IBT / DMA / AGO / STWT / SOR facility (hereinafter referred to as the ‘CTCL scheme’). Each trading member willing to avail of the CTCL / IBT / DMA / AGO / STWT / SOR facility or any other non-NEAT Front-end trading facility provided by the Exchange from time to time, shall execute an undertaking in favour of Exchange in the format prescribed by Exchange and agree to abide by any modifications / additions to the ‘CTCL Scheme’ effected by the Exchange from time to time. Submission of CTCL undertaking by the members as per circular download no NSE/CMTR/6552 dated August 24, 2005 and NSE/CMTR/18314 dated July 8, 2011.
Note:-CTCL undertaking submission is applicable for members who avail CTCL facility for the first time. Subsequently member is required to submit only CTCL documentation i.e Network diagram and Board resolution with each vendor.