What is the registration process for BSE Webx?
Fill up the application form attached as Annexure 1 and submit it to the Department of Operations and Trading, BSE.
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What is the Risk Management System available in BSE Webx?
- Centralized RMS for all the Members
- Real-time Risk Management System on user defined business logic
- Advanced risk profiling of securities and users of the system
- Collateral and asset management for margining and delivery
- Exchange-level access
- Group-level access
- Instrument-level access
- Audit trails of all actions executed on the system by every client
- Key parameters evaluated and validated are:
• Gross Exposure
• Net Exposure
• Mark-to-Market]
• Booked Profit/Loss
• Alerts and Violations
- Risk Monitoring
• A highly interactive and auto refresh Dash Board to manage risk online.
- Report Generation
• Order Logs
• Audit Logs
• Trade Logs
• Activity Logs etc.
- Real-time surveillance capabilities and programmable rules for risk control over a group of users
- Multi-tier surveillance capability to delegate surveillance to Members and their sub-brokers
- Surveillance capability permits the user to suspend any registered client on the system completely or for a security online.
- Controls could also be exercised on Maximum quantity and value for a client or a trading account
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How can I register my clients in BSE Webx?
It is very easy to register clients in BSE Webx. You can either register clients one by one or upload a batch file with the list of clients (in the specified format). You can click on the following link to understand the process of client registration
http://www.bsewebx.co.in/admin/PresentationLayer/BatFlashdemo/BAT_Users_Manual.zip
Members can create a profile or different set of profiles for different types of clients. A profile is a set of rules which a Member needs to define for each client which once selected by the Member while registering the client will pick up all the features/facilities the Member needs to allow to each respective client. If a Member uses this profile while registering the clients, he does not need to give the same set of facilities to different clients again and again. This saves the time and leads to easy client registration.
Profile creation
Registration of clients involves five steps:
Step 1 : Add clients (basic details of the client)
Step 2 : Assign products
Step 3 : Add segment
Step 4 : Add basket
Step 5 : Add violation rules
When a Member creates profiles, he also has to go through the above five steps. He can prepare different profiles for different types of customers and keep. Whatever set of rules he need to define in this profile he can do. Now when he goes to client creation he just has to go to add clients enter the basic details of the clients and select the profile he needs to give that client. All other facilities like segment, product, auto-square off facility, type of product allotted, money deposited will be entered automatically
As such, the Member does not need to go through steps 2,3,4 again and again while registering clients.
**While steps 1,2,3 and 4 are mandatory, step 5 is not.. If a Member registers a client and does not go through any one of the first 4 steps, the client will not be able to put in orders.
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Can I place order on behalf of my clients?
You cannot place order on behalf of your clients but in case of emergency you can create a dealer and keep. Through this dealer, an order can be placed but by selecting the client before putting in the order. You need to assign the set of clients to each dealer after creating the dealer.
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Can I modify or delete the orders placed by my clients?
You can only delete or square off the orders placed by the clients.
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What is a dealer?
Dealer is a client who has the rights to put orders on behalf of other clients assigned to him.
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What are the reports available to me from BSE Webx?
Client Summary : details of clients, their dealers and client profiles.
Client Monitor : clients cash details, M2M/BPL details, login status and their lock details.
Client Activity : details of the trading activity- about the various orders placed by the client. It also shows the order status i.e. in process, cancelled etc. The same report is useful to see information on modified orders (modified???)and cancelled orders.
Trade Log : trading activity of the client. It gives the details of the traded order as per clients
Net Positions : mark-to-market, booked profit and loss and net position for a particular client.
Pending Orders: details of all the orders which are still pending.
Client Margin: margin details of the clients, with the cash and exposure details.
Alert Violation: details of client alert messages along with the error code, message, event date and time
The above reports can be downloaded in Excel file and saved. Last 15 days data can be viewed in history reports.
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How can I reset my password?
If you forget your password, click on "forgot password" and provide you broker code (i.e., clg no.) and the email id, which you had given at the time of registration with BSE Webx.
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How can I give password to my clients?
You need not give the password manually to your clients. Once a client is registered with BSE Webx, he will automatically receive the password by email from BSE.
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How can I assign trading limits to my clients?
Trading limits can be assigned while registering the clients, and can be modified subsequently. A Member needs to enter the amount deposited by the client and give a multiplier for trading. You can refer to the link below and follow the steps for assigning limits to your clients.
http://www.bsewebx.co.in/admin/PresentationLayer/BatFlashdemo/BAT_Users_Manual.zip
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11. Can I create a branch?
No. You can not create a branch. There is a feature available in BSE Webx to add/edit a branch. But this feature is useful only for the purpose of letting the clients know where all your branches exist. When the client enters the city for broker search, then he gets the list of brokers in that city. To get the visibility among clients at large, you can add all your branches in this feature.
As far as risk management of client creation at branch level is concerned, you can give a BAT terminal to your branch with these facilities. In this scenario, person handling the branch would be able to handle the risk management of the clients assigned to that branch (BAT user). Brokers may keep in mind that the clients will be registered directly with the main brokers.
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What are the functionalities of BAT?
Following are the functionalities of BAT
- Add/ modify client
- Add/modify profiles
- Dealer management
- Batch client creation
- Setting up broker limits for webx
- Assign / unassign clients to bat users
- View broker profile
- Add/edit additional bat user
- Square off/delete pending orders of clients
- Facility to view all the details about a particular client filtered on all the clients. It shows shows the client's cash details, M2M/BPL Details, Latest alert level information and their Lock details. (This feature is available in Risk and controls option as Dashboard)
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What is the cost involved in using BSE Webx?
1 |
User Subscription Charges
A. BSEWebx Eazy – to be paid by client
B. BSEWebx Classic – to be paid by client
C. BSEWebx Premium – to be paid by client
D. Additional Broker Admin Terminal
(1st Admin Terminal is free) |
NIL
Rs. 100/- (per client per month)
Rs. 300/- (per client per month)
Rs. 500/- per month |
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What type of clients can be registered?
All investors including Resident as well as Non-Resident Indians (NRIs) can open an account with BSEWebx. Individuals as well as Non- Individual entities like Sole Proprietary, Partnership, Corporates, Firms, Institutions, Mutual Funds etc can also open a trading account.
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What should be my system settings for using BSE Webx?
- Internet Explorer version 6.00 or above with Resolution 600x800
- Windows OS
- Best of internet connections
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What is a Multiplier?
The Member may allow you to trade for a value more than what you have deposited with him. This works like a credit. You have to deposit some amount for getting permission to trade, and you may be permitted to trade more than what you have deposited. The Member would then collect from you the amount required to settle all the trades you have executed.
This is done through the use of a multiplier. This multiplier is applied on the amount deposited to set the limit up to which you can trade through the system.
What is the registration process?
You can contact your Member who is registered in BSE Webx or you can search for a nearby Member from the www.bsewebx.co.in .A list of the Members who are registered in BSE Webx is available here. You can also go to below mentioned link for this list:
https://www.bsewebx.co.in/STSB/branchdetails.asp
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What is the cost involved in using this facility?
1 |
User Subscription Charges
A. BSEWebx Eazy – to be paid by client
B. BSEWebx Classic – to be paid by client
C. BSEWebx Premium – to be paid by client |
NIL
Rs. 100/- (per client per month)
Rs. 300/- (per client per month |
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How will I get password and login id?
Once you get yourself registered with a Member for Internet Trading and the Member has done all the entries in the BSE Webx system, a password and login id will be automatically sent to your email id ( provided by you to the Member for communication).
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How safe is my Login ID and password?
The Login ID and password allotted to you is completely confidential. No one, except you, has access to this information. Your password is stored in an encrypted form. You cannot take this password from the Member on phone or in writing. It is directly sent to you by BSE via email.
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What if I forget my password?
A 'forgot password' link is available on the www.bsewebx.com. You will be asked to enter your login name and the email id. Once the required details are entered, a new password would besent to you by an email at the email id provided by you.
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What are the system requirements and Internet connectivity for using BSE Webx?
Investors will have to use the following settings in their Internet Browser. These are mandatory settings:
1. Sun JVM must be disabled :
Go to Internet Browser. --> Tools --> Internet Options --> Advanced --> Java (Sun).
(Change this setting only if aforesaid settings are found.)
2. Enable Microsoft VM :
Go to Internet Browser --> Tools --> Internet Options --> Advanced -->--> Java Logging enabled.
Go to Internet Browser --> Tools --> Internet Options --> Advanced --> JIT complier for virtual machine enabled.
Note: If you do not find the above settings on your computer, you may need to download JVM on your machine.
Click here to download and save this on your desktop. Post download, double click on the file downloaded, which will automatically update your system. Thereafter recheck for the above settings.
3. For better results use IE 5.5 or above with 128 bit encryption. If it's not, please download the latest version of Internet Explorer from Microsoft website.
4. This site is best viewed on 800X600 pixels:
Right click on Desktop --> choose Properties --> Settings --> Screen area.
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Can BSE Webx provide live information?
Yes. This is designed specifically to update information automatically. Ticker plant is the main application, which enables Live Quotes, Order responses, and Exchange Messages are received on a real time mode.
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How do I know I am getting live information on BSE Webx?
The status of FEED is indicated in the bottom right hand side corner. The status can also be viewed in the Diagnostic Message Box, next to your Trading Messages Box. If the number of Packets received increases, it means that you are getting live feed and information. In the File Menu, there is a sub menu for Connect/ Disconnect. When it is connected, it would display only DISCONNECT and vice versa. If feeds are not coming, please disconnect and connect once again. This would restore the connection and then the feeds would be received.
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What is difference between Eazy, Classic, and Premium?
EAZY: This product is the simplest version of BSE Webx. It is useful for such investors who are not regular traders and deal only in a few scrips. Here the investor can view the quotes and market watch on selecting a particular scrip. The information on the scrips can be seen one by one. This product is also useful for such investors who do not have a good Internet connectivity.
Classic: Investors can create/edit/delete market watches. He gets the information tick by tick. The refresh in the scrips is as good as available in BOLT.
Premium: This is the high-end product offered by BSE Webx. It is a complete system that is designed to cater to all the features that an investor would require in order to trade, analyze the markets, view status reports, etc. All these features are arranged neatly in menus and submenus. This is a user-friendly version and help is available at each stage for the user. Apart from this, Premium provides access to intra day and end of day price tick history for extensive technical analysis, various charting tools with more than 30 popular indicators for Charting, real time quotes. Last 5 years data is available for charting. Clients can create 3 market watches. The refresh of the scrips is tick by tick. Thisversion can be used totally by keyboard. If a person is not comfortable with mouse, there is a list of short-cut keys available in the help file.
Classic and Premium features are almost the same. However in Premium, you have charting facility and dealer facility while the order confirmation is fastest.
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How can I place my buy/sell orders?
In Eazy, Classic and Premium, order entry forms are available. You can place orders through these forms.
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How safe are these transactions? Is the site bsewebx.co.in secure to trade on?
Your transactions are secured through 128-bit SSL encryption from Verisign, world- class leaders in this arena. BSEwebx employs world-class security policy to ensure hassle free transactions for investors.
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Is it possible to modify and delete orders in BSE Webx?
Yes. You can modify or delete the orders put in BSE Webx system as long as the order placed by you has not been executed . The quantity and the price of the order can be modified and this would again be placed in the queue for execution. Cancellation/ modification is not possible once the order has been executed.
In case of emergency, you can also ask your broker to cancel your pending orders or square off your outstanding positions.
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Can I enter an order after the trading hours?
BSEWebx provides for entry of orders after the trading hours. You can ask your broker about the BSEWebx timings for after-hours order entry.
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What types of reports I can get from BSE Webx?
You can get following reports from BSE Webx:
Pending order report: This report displays the orders which are not fully traded, i.e., partially traded or which are not yet traded. The cancelled, rejected and fully traded orders will not appear here.
Trade Log Report: In this report, you can view the fully traded or partially traded orders.
Net Position Report: This file is used to view the traded positions in the system. Buy position, Sell position and netted position across buy and sell is available here. You can see the open positions and reverse the order for the same.
Margin Report: This report gives the picture of the margin utilized and available to you. You can see the total cash deposited, utilized and exposure available to you.
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How do I logout?
You can log off by clicking on the button Logout. The system also logs you off automatically if there is no activity for 10 minutes.
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What is Exposure? What are GAE, GUE, NAE, and NUE?
Exposure is the limit allowed by the broker for you to trade. The upper limit given to the investor is known as the Gross Allocated Exposure (GAE). GAE is calculated by multiplying the margin by the multiplier.
For example, if the Margin Deposited is Rs. 1000.00 and the multiplier allowed is 5, the GAE would be 1000 X 5 = Rs. 5000.00. This implies that you can place orders worth Rs. 5000.00.
Gross Used Exposure (GUE) is the limit that you have used by placing orders. This is calculated from the value of orders that you have placed during the day.
As the number of orders placed by you increases, the Gross Used Exposure would also increase. Indirectly, the Exposure available to you would decrease as and when you place new orders.
This GUE includes value of all the orders placed by you, i.e. orders that are executed as well as the orders that are pending to be executed.
Net Allocated Exposure is the limit allocated to you by the broker for trading. This again is calculated by multiplying the Margin Deposited with the assigned Multiplier.
Similarly, Net Used Exposure (NUE) is the limit used by you from that allocated to you by the broker.
Both NAE and NUE are similar to GAE and GUE, the only difference being that NAE and NUE take into account only the trades executed by you, whereas the GAE and GUE take into account the pending as well as the traded orders.
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What happens if I make a Profit or a Loss?
Generally, when you make a profit or a loss, the same is added to or deducted from the Margin Available as the case may be. Your Margin Available and Exposures Available are then calculated afresh.
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What is Mark-to-Market Margin (M2M Margin)?
Mark-to-Market Margin is a notional profit or loss that is calculated based on the price movements of the stocks in which you have open positions. This again impacts your Margin Available.
For example, if you have purchased 100 shares of XYZ @ Rs. 20 each. This means that your open position for XYZ is BUY XYZ 100 shares @ Rs. 20 each. If the Last Traded Price (LTP) of XYZ is Rs. 21, this means that if you sell your shares now, you can make a profit of Re. 1 per share, i.e. a total profit of Rs. 100.. This is a notional profit.
Similarly, if the LTP is Rs. 19, then you make a notional loss of Rs. 100. Some adjustment is made, in the Margin Deposited by you for these notional profits and losses that may arise due to the price movements of the stocks in which you have an open position.
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What is Booked Profit / Loss (BPL)?
Booked Profit / Loss is the actual profit or loss made by you as a result of your trading. This is not a notional profit or loss as calculated in the case of M2M. Therefore, BPL does not arise as and when the LTP changes but is calculated only when you actually trade and actually make a profit or loss.
For example, If you buy 100 shares of XYZ @ Rs. 20 each and sell 100 shares of XYZ @ Rs. 21, you have a booked profit of Rs. 100. This is calculated only when you execute both buy and sell trades of a given security.
BPL is calculated only on the actual number of shares on which you have made a profit or loss.In the above example, if you buy 100 shares, but sell 50 shares only @ Re. 1 profit per share, BPL would be calculated only for the 50 shares on which you have made a profitand not on the other 50 shares.
BPL isalso adjusted against the Margin Deposited by you with the broker.
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What will happen if I exceed my Exposure Limits?
Typically, all the orders you place beyond this value would get rejected. These orders would not even reach BSE;The BSE Webx system itself would reject them.
The broker has the right to suspend or lock your account if you exceed this limit. It is always better not to exceed this limit.
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Definitions
Market Watch
Market Watch is the most important window for displaying market information. It displays critical information on scrips like:
• Best Bid/ Ask Price
• Open/ High/ Low/ Close Price
• Intra day High/ Low Price.
Market Depth
Market Depth helps in understanding the depth of a particular scrip in terms of the Best 5 Buy orders and the Best 5 Sell Orders with respect to the Quantity, Price, etc. It also shows the Total Traded Quantity, Last Traded Quantity, Last Traded Price, Total Traded Value, etc. A market Depth window can be invoked by double clicking on the Market Watch window or by Pressing F6.
Touch Line
The Touch Line gives the market picture for a particular scrip by giving the following details:
• Best Bid Price
• Best Bid Quantity
• Best Ask Price
• Best Ask Quantity
• Last Traded Price
• Last Traded Quantity
• Intra-day High Price
• Intra-day Low Price
• Net Change
Disclosed Quantity
Disclosed Quantity allows the Investor to disclose only a part of his order quantity to the market. For example, an order of 1000 with a disclosed quantity condition of 200 will mean that only 200 is displayed to the market at a time. After this is traded, another 200 is automatically released and so on till the full order is executed. BSE may set minimum disclosed quantity criteria from time to time.
Charting
A "chart" is a graphical representation of a scrip's price movement in a window. A chart can contain price plots, indicators, line studies, text, etc. in one or multiple inner windows.
" Charting is one of the most effective tools for technical analysis. BSE WEBX supports most of the popular charting tools. Charts can opened in any of the following types:
• Candle Stick,
• OHLC (Open - High - Low - Close)
• Mountain
• Line.
Another feature of Charting in BSE Webx is that you can save these charts in the application, similar to a Market Watch Window.
Intra Day Charts
An intra day chart shows the price movements of a scrip on a given day. This can be viewed with price values tick-by-tick, minute-by-minute and hourly also. It shows all the traded prices of a given security for a given scrip.
End-of-day chart
An End-of-day chart shows prices movements over a period of time. It shows the opening and closing prices for each day, week, quarter or year. This shows the price movements for a longer period. You can increase or decrease the span of the chart by using the + / - keys in the keyboard as well as the boxes below the charts.
