Trading Systems
The CSE offers advanced infrastructure and systems for the trading of equity and debt instruments through two trading systems. Post trade clearing and settlement of transactions is executed through the CDS system.
The Automated Trading System (ATS) is an online, real time system which is efficient, fault tolerant and transparent, and provides for the secondary trading of equity. The ATS version 4 has recorded 99.8% system uptime.
The ATS provides
- High speed execution of transactions
- Order matching on Price - Time priority
- Information of price & volumes of securities being traded
- Online reporting of trades being executed & price indices
- Corporate announcements
- Information on status of pending orders
- Information on Client Holdings
The Debt Securities Trading System (DEX) is designed to facilitate the trading of corporate and government debt securities. The system has been instrumental in facilitating the secondary trading of the beneficial interest in government treasury bills and bonds. All corporate debentures listed on the CSE are also traded through the DEX.
The DEX provides
- Delivery vs. Payment (DVP) settlement
- On line, real time liquidity management
- Facilities for Repo & Reverse Repo transactions
- Online market information & post trade transaction information
- Collection of maturity proceeds & coupon interest of investments on behalf of clients (For Government Securities)
- Trading of minimum units of Rs. 1/- each (for government securities)
- Settlement cycle will depend on the board on which the trade takes place.
The boards are
- CASH Board - Settlement on Trade date (T)
- TOM Board - Settlement on T+1
- SPOT Board - Settlement on T+2
- Forward Board - Settlement over T+3
- Crossing Board - Negotiated trades (Only for Govt. Debt.)
- Sell and Buy Back (SBB) Board - Sale/purchase on a predetermined date in future at a predetermined price. (Only for Govt. Debt.)
- SBB Crossing Board - Negotiated SBB transactions. (Only for Govt. Debt.)
Requirements | 
Solution by EFutures | 