Wednesday 5 November 2014


Trade4target : Market Segments

The Exchange operates the following sub-segments in the Equities segment:  

1. Rolling Settlement :
In a rolling settlement, each trading day is considered as a trading period and trades executed during the day are settled based on the net obligations for the day. At NSE, trades in rolling settlement are settled on a T+2 basis i.e. on the 2nd working day. For arriving at the settlement day all intervening holidays, which include bank holidays, NSE holidays, Saturdays and Sundays are excluded. Typically trades taking place on Monday are settled on Wednesday, Tuesday's trades settled on Thursday at trade4target .

2. Limited Physical Market :
Pursuant to the directive of SEBI to provide an exit route for small investors holding physical shares in securities mandated for compulsory dematerialised settlement, the Exchange has provided a facility for such trading in physical shares not exceeding 500 shares. is give full information of limited  phisical market.

This market segment is referred to as Limited Physical Market. The Limited Physical Market was introduced on June 7, 1999.

Limited Physical Market - Salient Features

* Trading is conducted in the Odd Lot market with Book Type ‗OL‘ and series ‗TT‘.

* Order quantities should not exceed 500 shares.

* The base price and price bands applicable in the Limited Physical Market are same as those applicable for the corresponding Normal Market on that day.

* Trading hours are the same as that of the normal market and order entry during the pre-open and post-close sessions are not allowed.

* Settlement for all trades would be done on a trade-for-trade basis and delivery obligations arise out of each trade.

* Orders get matched when both the price and the quantity match in the buy and sell order. Orders with the same price and quantity match on time priority i.e. orders which have come into the system before will get matched first.

* All Good-till-cancelled /Good-till-date orders placed and remaining as outstanding orders in this segment at the close of market hours shall remain available for next trading day. All orders in this segment, including GTC/GTD orders, will be purged on the last day of the settlement.

* Trading Members are required to ensure that shares are duly registered in the name of the investor before entering orders on their behalf on a trade date.

3. Settlement Cycle :

Settlement for trades is done on a trade-for-trade basis and delivery obligations arise out of each trade. trade4target is all about share market and market segmants.

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