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BOLT
(BSC Online Trading
     System)
Bolt
INTRODUCTION

The trading on stock exchange in INDIA used to take
place through open outcry method without use of
information technology for immediate matching or
recording of trades.
This was time consuming and inefficient. This imposed
limits on trading volumes and efficiency. In order to
provide efficiency, liquidity, and transparency NSE and
BSE introduced nation wide online fully automated
SCREEN BASED TRADING SYSTEM
SCREEN BASED TRADING
NSEs screen based trading is known as NEAT-
  National exchange for automated trading.
 BSES screen based trading is known as BOLT-

  Bombay online trading.
Ticker window
MECHANISM OF ONLINE
        TRADING
BSE has main computer which is connected
through VERY SMALL APERTURE
TERMINAL(VSAT) installed at its office.
 THE main computer runs on a fault tolerant
STRATUS mainframe computer at the
exchange. Brokers have terminals installed at
their premises which are connected through
VSATS.
HOW TO PLACE ORDER
An investor informs broker to place an order on
his behalf. The broker enters the order through
his PC, which runs under windows NT and
sends signal to the satellite via VSAT. The signal
is directed to mainframe computer at BSE via
VSAT at BSEs office. A message relating to the
order activity is broad casted to respective
member.
To enter a buy order
BASIS OF OPERATION
The online trading operates on the strict basis of
        PRICE PRIORITY and
        TIME PRIORITY
HOW TO ENTER SELL ORDER


Same as the process involved in the placing of the
  buy order.
To enter a Sell order
LOGGING ON

 On starting BOLT application, the logon screen
  appears with the following details.
 USER ID

 TRADING MEMBER ID

 PASSWORD

 NEW PASSWORD
TERMINOLOGIES OF ONLINE
        TRADING
 Snap quote:- feature available to get
 instantaneous market information on a desired
 security.
 Active and Passive orders:- when any order
 enters the trading system, it is an active order. It
 tries to find a match on the other side of books.
 If it finds a match trade is generated, if does not
 finds match it turns to passive order which is
 stored in order book.
MOVEMENT    TIME            FREEZED
   Circuit breakers:- Started
    implementing                 10%        PRIOR 1pm        1 HOUR
    compulsorily from July                  AFTER 1pm        遜 HOUR

    02, 2001. The circuit
                                 15%        PRIOR 1pm        2 hours
    breakers will be operated               AFTER     1pm-   1 hour
                                            2pm
    at the three stages of                  AFTER 2pm        Freezed for the
    INDEX movement,                                          day


    either way viz at 10%,
    15%, 20%.
                                 20%        ANY TIME         FREEZED FOR
                                                             THE DAY
Market By Price
Order Book




Ord Book- Pending traded canceled
Trade Book
Bolt
PPT
   By
Aaryendr

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Bolt

  • 3. INTRODUCTION The trading on stock exchange in INDIA used to take place through open outcry method without use of information technology for immediate matching or recording of trades. This was time consuming and inefficient. This imposed limits on trading volumes and efficiency. In order to provide efficiency, liquidity, and transparency NSE and BSE introduced nation wide online fully automated SCREEN BASED TRADING SYSTEM
  • 4. SCREEN BASED TRADING NSEs screen based trading is known as NEAT- National exchange for automated trading. BSES screen based trading is known as BOLT- Bombay online trading.
  • 6. MECHANISM OF ONLINE TRADING BSE has main computer which is connected through VERY SMALL APERTURE TERMINAL(VSAT) installed at its office. THE main computer runs on a fault tolerant STRATUS mainframe computer at the exchange. Brokers have terminals installed at their premises which are connected through VSATS.
  • 7. HOW TO PLACE ORDER An investor informs broker to place an order on his behalf. The broker enters the order through his PC, which runs under windows NT and sends signal to the satellite via VSAT. The signal is directed to mainframe computer at BSE via VSAT at BSEs office. A message relating to the order activity is broad casted to respective member.
  • 8. To enter a buy order
  • 9. BASIS OF OPERATION The online trading operates on the strict basis of PRICE PRIORITY and TIME PRIORITY
  • 10. HOW TO ENTER SELL ORDER Same as the process involved in the placing of the buy order.
  • 11. To enter a Sell order
  • 12. LOGGING ON On starting BOLT application, the logon screen appears with the following details. USER ID TRADING MEMBER ID PASSWORD NEW PASSWORD
  • 13. TERMINOLOGIES OF ONLINE TRADING Snap quote:- feature available to get instantaneous market information on a desired security. Active and Passive orders:- when any order enters the trading system, it is an active order. It tries to find a match on the other side of books. If it finds a match trade is generated, if does not finds match it turns to passive order which is stored in order book.
  • 14. MOVEMENT TIME FREEZED Circuit breakers:- Started implementing 10% PRIOR 1pm 1 HOUR compulsorily from July AFTER 1pm 遜 HOUR 02, 2001. The circuit 15% PRIOR 1pm 2 hours breakers will be operated AFTER 1pm- 1 hour 2pm at the three stages of AFTER 2pm Freezed for the INDEX movement, day either way viz at 10%, 15%, 20%. 20% ANY TIME FREEZED FOR THE DAY
  • 16. Order Book Ord Book- Pending traded canceled
  • 19. PPT By Aaryendr