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Presentation by
Dilip Oak
Dy. Gen. Manager -
Information Systems
Poor transparency
15 days + settlement cycle
Poor liquidity
Computer & Network evolution
global trend - globalization
Competition
Faster spread of equity culture
resulted in
BSE’s Online Trading System (BOLT)
BOLT - BSE On Line Trading System
Features :
1. BOLT Architecture
Ethernet Based
VSAT Based
3. Supported by
* Help Desk facility
* Contingency Pool
TYPES OF ORDERS
4. Orders
- Limit orders
- Market orders
- Hit/Take orders
- Odd lot orders
- Buy-back order facility
- Stop loss orders
Features of Orders
) Retention , net position, oddlot
) Colour schemes, background colour
) Institutional ID - Client, Own, FI, WH
) Batch Entry - Orders / auction offers
) Total quantity & revealed quantity -
dripfeed
5. 6A / 7A Interactive trade confirmation
6. Control mechanism
- Daily circuit filters
- Capital Adequacy check (Intra-day trading limits)
- Gross Exposure check
- Trader-wise controls
- Yes or No - Binary control
- Exposure limit
- Buy - limits / sell - limits
- Scripwise control limits
- Groupwise control limits
- User activation / deactivation
- User password authentication
7. Auction
- Sessions
- Offer entry
- Matching
- Auction Report download
8. Broadcast
- Market view
- Best five quotes
- Total depth - buy and sell
- Last traded rate & quantity
- Trades / values / volume
- Lower / upper circuit limit rate
& weighted Avg. rate
- Open / high / low / close
- Touch line - configurable
9. Total dematerialisation
- Exceptional Physical trades (Exit route)
- Complete Rolling settlement T + 2
10. On-line facility
- Sauda book
- Report downloading (dload)
- BSE News - Ticker facility
- Net position - scripwise /clientwise
- Trade / Broker query file download
- Derivative Touchline
Scrip Help
- Ex-dates
- Book Closure
- No Delivery period
- Standard Rate
- ISIN No.
- Dividend
- Special margins - buy / sell