Tuesday 4 November 2014


Trade4target : Operation of BSE and NSE

Trade4target provide very important knowledge about bombay stock exchange and national stock exchange.  The leading stock exchanges in India have developed itself to a large extent since its emergence. These stock exchanges aim at offering the investors and traders better transparency, genuine settlement cycle, honest transaction and to reduce and solve investor grievances if any. The aim to describe these operational features is for better understanding of the working of stock exchanges and Trade4target . This is done for the purpose of easy understanding from the reader‘s point of view.

We can  see and understand its general operational features.                                  

    1. Market Timings: Trading on the equities segment takes place on all days of the week (except Saturdays and Sundays and holidays declared by the Exchange in advance). The market timings of the equities segment are:

Normal Market Open: 09:55 hours
Normal Market Close: 15:30 hours
The Post Closing Session is held between 15.50 to 16.00 hours.

    2. Automated Trading System: Today our country has an advanced trading system which is a fully automated screen based trading system for trae4target. This system adopts the principle of an order driven market as opposed to a quote driven system.

i) NSE operates on the 'National Exchange for Automated Trading' (NEAT) system.
ii) BSE operates on the „BSE‟s Online Trading‟ (BOLT) system.

Order Management in Automated Trading System: The trading system provides complete flexibility to members in the kinds of orders that can be placed by trade4target.com . Orders are first numbered and time-stamped on receipt and then immediately processed for potential match.

Every order has a distinctive order number and a unique time stamp on trade4target. If a match is not found, then the orders are stored in different books. Orders are stored in price-time priority in various books in the following sequence:

Best Price, Within Price, by time priority.

Price priority means that if two orders are entered into the system, the order having the best price gets the higher priority. Time priority means if two orders having the same price are entered, the order that is entered first gets the higher priority.

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