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Internet Based Fully Automated Online Trading System Trade Management System User Manual
Internet Based Fully Automated Online Trading System Trade Management System User Manual
CONFIDENTIAL
[Type here]
1.1 Document Control
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.
2.3 Glossary
Term Definition
TMS Trading Management System
NOTS NEPSE Online Trading System
DNA Direct NOTS Access
LTP Last Traded Price
CLI Client
CNC Cash & Carry
NOTE: Please make sure you provide your correct Email account during registration. If you are
already registered, Please make sure you update your correct Email account in CDS.
Fig. 4.1.2. Create Password
NOTE: - Password length should 5-10 with at least one caps, one special character and 1
digit.
Click on Submit. A success message will be displayed at top right corner of the
screen.
Fig. 4.1.3. Email Confirmation for Password Creation
Before placing an order, make sure your respective member admin terminal is
logged into DNA.
An error message (“ME not logged in”) will be displayed while placing an order if
respective member admin terminal is not DNA logged in.
NOTE: DNA login enables connection between Trade Work Station and the Exchange.
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:
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.
Once the order is placed, a success message will be displayed at top right corner of
the screen.
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.
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.
The order will be partially matched if a counter sell order comes through for same
security at exact price but different order quantity.
Place a Buy order for some security.
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.
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 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.
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.
Once the sell order is successfully placed, it gets populated in respective client’s
Order Book. The status of the order will be ‘OPEN’.
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.
Remaining sell quantity will be matched if & when next counter buy order comes
through and the process will continue until all quantities are matched.
User can manually edit Open order. Navigate to Order Book and click on Open
Orders tab.
Choose an open order to edit. Click on edit icon in Action bar.
Once edit icon is clicked, it directs user to Order Entry window for respective order.
Note: Only quantity, price and validity of the existing order can be changed.
User can edit Partially Traded orders. The update will only be applicable to order
quantity yet to be traded.
Choose Partially Traded order and click on edit icon in Action bar.
Once edit icon is clicked, it directs user to Order Entry window for respective order.
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.
User can cancel Partially Traded buy/sell order. Only order quantities that are yet to
be traded will be cancelled.
Navigate to Order Book.
Choose partially _traded order to be cancelled. Click on cancel icon in Action bar.
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.
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.