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NOW trading terminal- Basic features

What are LOG messages and how to get them?
LOG messages comprise of
-All orders and trades placed during a particular trading day
-Exchange notifications for the day
To retrieve messages, go to the FILE menu and click on GET LOG MESSAGES


Lock Application-
• Lock NOW Application for security reasons and still able to view the broadcast.
• System is unfrozen by entering the correct login password.
• For locking the NOW front end, go to ‘File – Lock Application’.
• If the application is idle for 30 minutes, it gets auto-locked


Refresh Broadcast-
• In case there is a delay in broadcast or when the broadcast channel gets disconnected from NOW Application server, click on refresh broadcast to reconnect


Refresh Clients-
• This option refreshes and loads all the clients following any changes made to clients details.
• This feature is more useful when a new client is added and assigned to a dealer. To fetch the intraday addition of client details without logout, dealer has to do ‘Refresh client’ from File menu.
Get Log Messages
• Every time the user login, the order and trade messages of the previous sessions are not loaded in the log file. In order to retrieve these messages, click on Get Log messages


Change Password-
• Change the password by clicking on the ‘change password’ option on the login screen or after login go to ‘File – Change Password’.
• The password should be alphanumerical. • It should range from 6 to 12 characters. • The system does not allow setting previously six passwords. • If user enters wrong password 3 times, the user login is blocked.
• The password expires every 14 days by default.
Alternatively, you can use the following shortcut keys to change passwords on your NOW terminal


Market Watch profile-
• Market watch profile is used to check the market related data of security/contract on real time basis. Information such as last trade price, open price, high price, low price, best buy/sell price, best buy/sell quantity, percentage change etc. is viewable in market watch profile. It has flexibility to decide the fields as well as the order in which it should appear on the market watch.
• Customise the field and the order in which these fields should appear on the market watch screen by right clicking on the header and then on reposition column.
• All the fields in the market watch are sorted in ascending/descending order. Drag and drop or cut (Ctrl + X) and paste (Ctrl + V) the security as per convenience.
• Keep track of multiple groups simultaneously by opening additional market- watches and tile them accordingly.
• Add securities to the market watch from the scrip bar (Ctrl + S) provided just above the market watch screen.
• Enter buy/sell order; view heat map, intraday charts, scrip properties by right clicking on the security name appearing in the market watch.
• User has the option to either open market depth (MBP) window or snap quote window from market watch screen. Alternatively, select the security and double click on it to open the MBP or snap quote window. User can set default window for MBP or Snap Quote from ‘Preferences - User Settings - Market Watch - Default Market Picture window’


Market Watch Group Settings-
• Create multiple market watches by clicking on Market watch group settings (CTRL + G) under Market menu
• Group settings are mainly used for adding security under different group names in Market Watch. Create a group name and add the security to that group. Group names are unique and a single group contains security from NSE, BSE, NFO, CDS, MFSS, NCDEX, NMCE and ICEX.
• Market watch profile is exported and imported using import group and export group option. It also displays the total number of scrips in each group.
Add security to the groups individually in either of the following methods:
o All future securities for selected expiry
o All option securities for selected expiry
o All underlying scrip’s for futures
Click on “Save group” and update the group details. Once market watch groups are created, press F4 to load the market watch & toggle between different profiles by pressing ‘Tab’ key or by clicking on the group name that appears at the bottom on the extreme left hand side of the market watch window




Option calculator-
o It is used by selecting option contract and right clicking on it.
o Option calculator is used to get the theoretical option prices or volatility value


Plotted below are the theoretical values of options using INDIAVIX and Implied Volatility



Implied Volatility-
Implied volatility is shown only for option contracts. Implied volatility of the option is based on the Bid rate, Ask rate and Last Traded Rate for both Cash and the underlying Futures


Derivative Chain-
o Displays the list of Futures & Options contracts for the selected security across expiries
o On checking ‘Display option scrip’, all available option contracts for respective future contract are added.
List of Derivative chain can be saved as a separate market watch profile