ANNEXURE 1 P a g e
TABLE OF CONTENTS 1. Order Slicing Functionality... 3 1.1. Touchline... 4 1.2. Order Slicing Configuration Window... 4 1.3. Order Parameters... 4 1.4. Slicing Option... 5 2. Alert Catcher Functionality... 8 2.1. Enhancement in Alert Catcher functionality... 8 2.2. Volume Analysis screen... 8 2.3. Changes in Alert Catcher window... 10 3. Trader Entitlement and Client Master... 12 3.1. Trader Rights Add/Modify... 13 3.2. Changes in Client Master in Trader Entitlement... 14 3.3. Changes in Scrip/Group blocking functionality... 15 3.4. File Generate & Upload to Extranet... 17 2 P a g e
1. Order Slicing Functionality As per SEBI guidelines, maximum order value allowed for a single order is Rs.10 crore. If the total order size intended to be executed is greater than that, it has to be split into multiple orders by the trader, such that value of each order is not greater than Rs.10 crore, else order is rejected by Exchange trading system. The core idea behind Order Slicing Functionality is to facilitate execution of such large orders by systemically splitting them into multiple orders (slices) based on maximum single order value. It can be beneficial to Institutional clients, HNIs, Hedge funds, etc who may have requirement of execution of large orders. This functionality has been offered in BOLT TWS in the form of a new specialized order entry window. This window can be invoked from existing Order Entry screen as shown below:- Equity Order Slicing window can be invoked from existing Order Entry screen as shown follow:- Trader has to click on the Order Slicing tab from order entry window and system will open Order Slicing window as displayed below. In above screen lay out, trader has different options such as selection of Buy/Sell, Segment as an Equity, Scrip code, Symbol, Order type, Quantity, Client Type, Client ID, and Retain till. In addition to that trader also has Slicing Option based on Quantity, (Max order Qty and manual), Max slice order Qty, Qty to Slice, Disclosed Qty %, etc. Slicing option is explained in detail below:- 3 P a g e
1.1. Touchline The Touchline tab will similarly show all the options available in the current order entry window. The Touchline window is shown as follows: 1.2. Order Slicing Configuration Window Before slicing the orders, trader has to configure the settings of the order slicing which is opened by clicking on the settings button shown beside the Touchline tab. The Order Slicing configuration window will look as shown below: The detailed explanation of the Order Slicing configuration window is given below: Max Single Order Value in Lacs: In this field, trader has to enter the max single order value in lacs according to their convenience with which the maximum slice order quantity will be calculated further. (Note: Trader has to take note that max single order value in lacs should not be more than 1000 lacs, if trader has defined max single order value more than 1000 lacs then order will get rejected as per max single order value limit of Rs.10 crore mandated by SEBI) Disclosed Quantity %: In this field, trader has to mention the disclosed percentage of the quantity that is to be shown. Once the percentage is defined then the trader has to select the checkbox on the main Order Slicing screen to trigger the Disclosed Quantity %. Retain Till: In this dropdown menu, trader has various option to select such as EOS ( End of Session ), EOD ( End of Day ) and IOC ( Immediate or Cancel ). Enable Input Parameter: In this field trader has two options that is input based on QTY and value in Lacs. 1.3. Order Parameters After the order slicing configuration is done from order slicing setting window, trader can use the below screen for further slicing into multiple orders. 4 P a g e
Segment field: In the above screen system by default will display EQTY under segment option as slicing functionality is only applicable to EQTY segment. Symbol/Asset: Under Symbol/Asset system will populate the Symbol/Asset as already defined by trader in the order entry window. Here trader has option to change the symbol/asset i.e. either trader can select different scrip code based on which symbol/asset will be auto populated and vice versa. Retain Till: Retain till field will show the value as per the setting done by the trader at order slicing setting option. Trader can choose different option from the Retain Till field. MKT Prot% & MKT Lot: MKT Prot % & Mkt Lot options will be auto populated by the system and hence they are non-editable by trader. Buy/Sell: Under Buy/Sell option trader has option to select either Buy/Sell from the drop down provided. Price: Price field is auto populated with LTP of the scrip by the system and trader also has option to manually change the price. In case the price is not changed by the trader system will take LTP into consideration for further calculation. Value & Qty: Trader can either select Value (in Lacs) or Qty. If trader selects value (in Lacs), then trader has to enter the total order value in order slicing screen. System will divide the total value with order price and the quantity will be derived in the quantity field automatically, which will be un-editable by trader. In case trader selects Qty, trader has to enter the total order quantity of the particular scrip to slice. The system will automatically multiply the total quantity with order price and the total value will be derived in the value field, which will be un-editable by trader. Client Id & Client Type: Trader has to enter valid client ID in order to proceed further. In client type dropdown trader can select various options from dropdown menu. After populating all the required information, system will show the data of the particular scrip in the preview window. 1.4. Slicing Option In Order Slicing functionality, trader has 2 options Max Order Qty and Manual. Max Order Qty type of order slicing works on maximum order value and quantity allowed for a particular order. In Manual order slice type Trader can slice order as per his/her preference. Both the types of Order Slicing are explained in details here below: 5 P a g e
Max Order Qty: In this type of order slicing, system will calculate number of individual orders (slices) as well as max quantity per order (slice) based on max single order value configuration, total order value/quantity and price entered by the trader, as explained above. Example 1 Based on order quantity To place bulk order of 10,00,000 (10 lac) quantity for scrip XYZ, LTP for which is Rs.1000. Exchange allowed maximum single order value is Rs.10,00,00,000 (Rs.10 cr). Here, maximum Single Order Qty for XYZ =1,00,000 {10,00,00,000 (Single max order value allowed by exchange)/1000 (Price/LTP)}. It means trader can place single order with maximum 1,00,000 quantities. In addition to this Trader also have an option of Disclosed Quantity once Trader click on Disclosed Quantity automatically system will populate 10% quantity of Quantity/Slice. To place bulk order of 10,00,000 quantity, trader will have to place 10 different orders with each order of 1,00,000 quantity. Hence, taking into consideration the above details screen will display below information to the trader. Based on the above example, the order entered by the trader would be divided into 10 different orders (slices) created by the system. In each order slice, quantity and price would be populated based on the inputs entered by the trader. Hence, each order slice created by the system will take order for 1,00,000 quantities. Once the data is populated it will be disclosed in the format as shown below stating in detail the (BUY/Sell, Scrip Code, Symbol, Qty, Dis. Qty, Price, Client ID, and Retain Till). After the order is sliced, the data would be shown in the Preview child window. 6 P a g e
Now, the trader can submit his order by clicking on Limit or Market button. If orders are available on the opposite side, it will result into trade and any unexecuted portion of the order remains as a pending order till it is matched or its duration expires. Different order slices created would be executed one by one by the system. The orders entered by the traders could be cancelled by them as required. Example 2 Based on order value Input for Slicing Scrip (A) - ABC Rate (B) - Rs 1500 Bulk Order Value (C) - 15Cr Max single order slice value (D) - 1.5Cr (User defined parameter in Slicing setting window ) Output for Slicing Bulk Order Quantity (E) - C/ B = 15 Cr/1500 = 1,00,000 Max Order qty for Slice (F) - D/ B = 1.5 Cr/ 1500 = 10,000 No of Slices (G) - E/ F = 1,00,000/ 10,000 = 10 Qty/ Slice - F Manual: Other option which trader could use in order slice is Manual option. Please refer to the below screenshot. Under Manual option, trader has option to define either no. of slices or Qty/slice. According to Trader input, system will do order slicing. System will not allow trader to enter slice qty> max order qty while entering Qty/slice value. 7 P a g e
2. Alert Catcher Functionality 2.1. Enhancement in Alert Catcher functionality In this version of TWS, Volume Analysis window is being introduced along with existing Alert Catcher window. This window can be invoked from alert catcher window by clicking of V button. 2.2. Volume Analysis screen Feature of Volume Analysis Screen is as given below: The window will be used to analyze volume information of scrips. The window is designed to scan spurts in volume of scrips. The analysis is based on how much "day volume" increased with respect to average volume. Average volume calculation considers of last 20 login days volume data saved on local machine. The window will be used to analyze volume information of scrips. The window is designed to scan spurts in volume of scrips. The analysis is based on how much "day volume" increased with respect to average volume. Average volume calculation considers of last 20 login days volume data saved on local machine. By default data will be sorted according to the Ratio field in descending order whenever Volume Analysis window is opened. NOTE: All market data will be updated as and when broadcast is received; due to this on reopening the Volume Analysis window (Or again clicking on V button in Alert Catcher window), the scrips will be again sorted according to the Ratio field. Activity in volume is captured in Ratio field which is ratio of Day Volume and Average Volume. 8 P a g e
Additional information is Number of Value Alerts, which indicated interest of market participants in scrips. With above mentioned information, 52 weeks High/ low will be an added advantage for identification of active scrips. If the LTP for particular scrips is close (one percent) to 52 week low value, then the LTP field background color will be changed to Orange color; and if the LTP is close (one percent) to 52 high value, then the LTP field background color will be changed to Light Green color. In case of new 52 weeks high/ low, the background color for 52 week high and 52 week low field will be changed according with Light Green and Orange color respectively. Following information has been provided in this window, which includes 'Scrip ID', 'Avg Vol', 'Day Vol', 'Ratio', '%Ch', 'Alert Count', 'Turn Over', 'LTP', '52H', '52L', 'WAP'. Scrip ID = Scrip ID Avg Vol = Calculated average volume according to the day-wise volume data (Login days) saved on user machine. Day Vol = Day Volume of the particular scrip. Ratio = Day Volume divided by Average Volume %Ch = Percentage Change. Alert Count = Number of Value alerts received for that particular scrip in that login session. Turn Over = Total Traded Value of the particular scrip. LTP = LTP for the particular scrip. 52H = 52 week High for that particular scrip. 52L = 52 week Low for that particular scrip. WAP = Weighted Average Price for that particular scrip. Sorting has been provided on all the columns. NOTE: Sorting arrow is not being present on any column header. Clicking on a column for the first time, data will be sorted in ascending order and clicking on the same column for second time, the data will be sorted in descending order and so on. Width profiling has been provided in Column Width Save option available on the right click of the window. 9 P a g e
To view default column width option as Auto size Columns has been made available. On clicking this option, the columns will be resized according to the data in the column. On clicking this option again, the columns will be resized to its default width. Facility has been provided to open Order Entry window through Volume Analysis window by selecting any scrip and pressing + or - button on the keyboard. On double clicking on any scrip, Detail (Market Picture) window will open. 2.3. Changes in Alert Catcher window Feature of Volume Analysis Screen is as given below: Alert Catcher screen is as given below. First Section displays Volume related Alerts whereas Lower Bottom section displays Price related Alerts: 10 P a g e
In Volume Alert Section: A new column DayVol indicating the Day Volume has been introduced in volume alert section. This field shows day volume of the scrip at the time of generation of the value alert. If the traded volume is greater than the average traded volume of that scrip, then the DayVol field for that entry in Alerts Catcher window will be highlighted with yellow colour. In Alert Catcher window, Volume Alerts will be separated according to one minute block. After this one minute block, a blank row will be inserted. To identify percentage Change in LTP with respect to last block, a new column % Time Band Chg has been introduced. According to the change in price, back ground colour of the cell will be changed. If the % time band change is in between +/-0 to +/- 0.4 then there will be no color. If the % time band change is in between +/- 0.4 to +/- 3 then light green. If the % time band change is in between +/- 3 to +/- 5 then medium green and For +/- 5 & above then dark green. During this one minute block, latest LTP for scrips will be saved. As soon as one minute crosses, the latest LTP will be saved in previous LTP. A Buy/Sell indicator field has been included in Alert Catcher window in upper section. The buy or sell indicator field will indicate whether the trade happened was a buy trade or a sell trade. 11 P a g e
On clicking on D in Alerts catcher screen, new window named as Alert Detail will open. Alert Detail window can be opened by selecting any scrip and pressing Alt + D on keyboard. 3. Trader Entitlement and Client Master With reference to circular number 20161130-20 dated 30th Nov 2016 Client Profiling and Trader Entitlement functionality was introduced in BOLT TWS Admin. In this release screen layout of this Trader Entitlement window has been optimized and incremental new changes has been added in each screen. New Layout of Trader Entitlement window As per existing option, user can open Trader Entitlement window from option in Admin Terminal A new window will open on click of TE button on menu bar. Screen shot mention below 12 P a g e
The layout of new window for trader entitlement will be in the form of steps. 1st step will be Trader rights Add/Modify 2nd step will be Client Master 3rd will be Scrip Blocking/Unblock 4th step will be uploading Data on extranet server Besides these steps, Number of records (No of recs) will be displayed against each of them. On click on each step separate screen will get open. There will be a file upload button on each window. There will be next and back button on each screen on click of which window in next step will be displayed. At a time only single window would open on click of next or back button. Following new changes has been introduced in each Trader Entitlement screens 3.1. Trader Rights Add/Modify On click of button Trader rights Add / Modify button on window Trader Entitlement & client Master, a new window named as Step 1 - Trader Entitlement window will be opened. In this, upload functionality is incorporated at the bottom under Full / Incremental Upload Existing functionality for Trader addition, Client view on trader Terminal and Copy of trader details remain as it is. Scrip block list button has been removed from the Trader Entitlement window as a separate window has been provided for the same. 13 P a g e
A new section has been introduced for data export & upload. Trader details upload can be incremental or full upload. Radio buttons are provided for the same. In incremental upload, either data can be added or existing data can be modified. If full upload option is selected then existing data will be replaced by uploaded data. Trader button has been provided to upload Trader details. Trader Export button has been provided on trader Entitlement window to export existing data in upload file format. 3.2. Changes in Client Master in Trader Entitlement On click of button Client Master Add / Modify / Delete button on window Trader Entitlement & client Master, a new window named as Step 2 Client Master window will be opened. Advance Filter Section: Client Section: Clients can be sorted on the basis of branch, group & trader filter Client trading status upload functionality is provided on the Client Master window. Upload format of Trader Status file is available on click on Trd Status Format button. Through this upload, only client status can be changed. To upload Trading status file for clients, Trd Status Upload button is provided. Only Sell allowed Rights in Trading Status Member can set Only Sell Allowed rights for a particular client. If trader has a client which has only Sell Allowed rights then he can only sell from that client. Trader cannot place a buy order entry using that client. This is applicable for Order Entry, Fast Order Entry, Swift order entry, stop loss order entry and batch order entry (both manual and upload). 14 P a g e
Copy Trader Mapping Detail Section: In Copy Trader Mapping Details section, additional button is provided to ease of copying mapping details of client & trader from one client to another clients. Full & Incremental Upload Section: Client details upload can be incremental or full upload. Radio buttons are provided for the same. To upload client details, 1- Client button is provided and for uploading client mapping 2-Client Mapping button is provided. In case of full upload, existing data will be replaced by uploaded data. Both Client and client mapping files must be uploaded. In case of incremental upload, either data can be added or existing data can be modified. If new user is being added then both Client and client mapping files must be uploaded. Client Export button has been provided to export client detail in upload format. On Client Master window, to download file format and existing file for uploading Client details. Export Mapping button is provided to export client-trader mapping detail in upload format. 3.3. Changes in Scrip/Group blocking functionality On click of Scrip Block/unblock button scrip blocking Scrip / Group Block / Unblock window will get opened 15 P a g e
Blocking Level Section: Member/Trader radio button is provided for selection at Blocking Level. If member is selected then blocking will be applicable for all traders who have been added in Trader window. In case of trader selection, blocking can be defined only for a particular trader. Traders which are present in trader entitlement window will be populated in this Combo Box. Apply Member Level Blocking on Trader check box is provided on trader, if this Check Box is not checked it means that Rights given on member level will not be applied to that particular trader. Member/Trader ID combo will be provided on Scrip block window, on selecting a particular member/trader its data will be displayed which can be modified. Viewing blocking data by admin To view blocking detail for a trader, admin user has to select trader ID & Member ID one by one in combo-box to view trader/ member level blocking. Block Group Section & Block Scrip Section Scrip and Group Blocking functionality remains same. Blocking Surveillance level Section Surveillance level blocking will be applicable for GSM and SS/ST groups. Full/ Incremental Upload Section: Trader details upload can be incremental or full upload. Radio buttons are provided for the same. In incremental upload, either data can be added or existing data can be modified. If full upload option is selected then existing data will be replaced by uploaded data. Upload button has been provided to upload Trader details. Additionally 1000 scrips can be blocked at member level through file upload. 16 P a g e
3.4. File Generate & Upload to Extranet Last button which is given on Trader Entitlement & Client Master window is Data Upload on Extranet On click of this button, upload & generate window will get opened On this window, File Generate & Upload on Server button is provided Clicking on this button, application generates entitlement & client master data file for all the changes done by admin users & it gets auto uploaded on Exchange s server. The same file will be automatically downloaded for all traders at the time of login and corresponding controls apply on trader terminal. Additionally the same file can be updated online by trader after click on Auto Update button in Client profiling/ Client Master window. ***End of Document*** 17 P a g e