Trading Platforms
What are the types of orders
COMPOSITEDGE, a division of Composite Investments Pvt. Ltd. who is a member of the National Stock Exchange and the Bombay Stock Exchange. We are also a CDSL Depository Participant.
All clients intending to do delivery trades with us need to open a DP account with us.
To facilitate giving of exposure for sale of stocks lying in your depository account we would require a specific POA to be executed. Our DP account where the POA stocks would be moved in case of a sale will be clearly mentioned in the POA agreement. This would help you in identifying an unauthorized transfer. Stocks under a POA will be transferred only in case of a sale.
You could however, choose not to execute a POA in which case only after receipt of the stocks in our account, we would give exposure.
Intraday clients or F&O clients need not have a Demat account with us. They are however more than welcome to open one with us.
Types of Orders:
XTS:
The trading software has 3 types of orders or product types. Clients need to identify their trading needs and accordingly use the order type which is suitable for their order. You can set the default type in your trading terminal by going to preferences-user settings-order-segment-product type.
CNC :
(Cash N Carry) for Delivery based trades. In this type the client can place buy/sell orders only for delivery. Exposure will be equal to the cash margin available with us. Only stocks that the client holds in our DP a/c and for which he has given a specific POA can be sold.
MIS:
(Margin Intra day Square off) for Cash Market and F&O segment: In this method the client can do intraday trading as there is an element of leverage. Exposure will be according to the VaR margins levied by the exchange for cash market and 33.33% of Span + Exposure margins for F&O.
NRML
for F&O segment: In this type the client can do intra-day or carry forward trading in the F&O segment. However full margins, both Span+Exposure will be levied. The detailed Span and Exposure margin files are made available to clients in their accounts WEB log-in. In case of shortfall in margins for carry forward, the positions will be squared off.
PRODUCT TYPE: POSITION CONVERSION - XTS
If the client wants to take delivery in cash segment/carry forward the F&O position, he needs to convert the position from MIS to CNC in case of CASH segment and MIS to NRML in case of F&O segment before 3:15 pm. This is possible provided adequate margins are available for delivery/carry forward. This needs to be done on your trading terminal.
Types of orders – Trader Evolution:
DELIVERY :
for Delivery based trades. In this type the client can place buy/sell orders only for delivery. Exposure will be equal to the cash margin available with us. Only stocks that the client holds in our DP a/c and for which he has given a specific POA can be sold.
INTRADAY :
for Cash Market and F&O segment: In this method the client can do intraday trading as there is an element of leverage. Exposure will be according to the VaR margins levied by the exchange for cash market and 33.33% of Span + Exposure margins for F&O.
CARRY-FORWARD :
for the F&O segment: In this type of order, the client can do intra-day or carry forward trading in the F&O segment. However full margins, both Span+Exposure will be levied. The detailed Span and Exposure margin files are made available to clients in their accounts WEB log-in. In case of shortfall in margins for carry forward, the positions will be squared off.
PRODUCT TYPE: POSITION CONVERSION – Trader Evolution:
If the client wants to take delivery in cash segment/carry forward the F&O position, he needs to convert the position from INTRADAY to DELIVERY in case of the CASH segment and INTRADAY to CARRY-FORWARD in case of F&O segment before 3:15 pm. This is possible provided adequate margins are available for delivery/carry forward. This needs to be done on your trading terminal.
CIPL has the right but not the obligation to cancel all pending orders and to sell/buy/liquidate all open positions and positions reaching the m-t-m limit, in both cash and F&O in the MIS segment from 3.20 pm. No separate calls will be made for square-up. M-to-M limits will be set at 70% of cash margin. Span and Exposure margin details are made available in your accounts web access.
Funds Transfer :
The client can make / request online transfers through the trading platform or through the accounts software. All transfer receipts upto 2.00 pm will be given credit towards exposure the same day, otherwise the following day. Detailed demo on fund transfer is available under the Learning Centre on the website. Cheques payable at par can be issued in favour of Composite Investments Pvt Ltd. and not Compositedge. Outstation cheques will not be accepted.
This trading policy is to be read in conjunction with our “Policies and Procedures” forming part of the KYC. A copy of the same is enclosed along with the welcome letter.