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Trading Mechanism

Contract specifications
Trading Period Trading Session Trading Unit Quotation/Base Value Price Quote Maximum Order Size Tick Size Initial Margin Price Circuit Filter Initial Margin Maximum Allowable Open Position Due Date Rate Closing Price

Quantity fields-TWS

Commodities Chana Guarseed Mentha Oil Potato Ref Soy Oil

Weight 10 MT 10 MT 360 kg 30 MT 10 MT

Lot 1 1 1 1 1

Quotation 100 kg 100 kg 1 kg 1 kg 10 kgs

Types of order
Price related conditions Limit Order :- specifying the price at which the trade should be
executed

Market Order:-To be executed at prevailing price. if there is no


market order at that point of time, it takes the last traded price & remains in the system.

Stop loss Order:- Remains in the system inactive/abeyance mode and is activated only on trigger of the price, defined by member.

Types of order Cont


Time related conditions Day Order Available for execution during the Trading Day until executed or cancelled Unexecuted Day orders get cancelled at EOD

Good Till Date (GTD)


Available for executive till the date mentioned by user.

Good Till Cancelled (GTC)


Available for execution till expiry of the contract or till it is cancelled, whichever is earlier

Polling of Spot Prices

Prices polled from physical markets between 10.00 a.m.

and 5.00 p.m.


Telephonic conversation recorded During last 15 days prior, the number of participants increases to 15 Special emphasis during DDR period Disseminated instantaneously * On the Price Ticker in TWS
* Updated in Underlying Asset Price in Market Watch

Polling of Spot Prices - Duration


Once a day * 10:00 am to 12:30 pm
Energy: Brent Crude Oil, Furnace Oil and ME Sour Crude Oil Fibre: Cotton short Staple and Kapas Metals: Copper, Sponge Iron and Steel Flat Oilseeds: Castor Seed, Groundnut Oil and Sesameseed Spices: Red Chilli Others: Cashew Kernel

Bullion: Gold, Gold Mini, Silver and Silver Mini Twice a day Energy: Crude Oil * 10:00 am to 12:30 pm Fibre: Cotton Long, Cotton Medium and Cotton Yarn * 3:45 pm to 4:30 pm Grains: Basmati Rice, Maize, Rice, Sarbati Rice and Wheat Jaggery: Gur Chaku Sugar M and Sugar S Metals: Aluminium, Lead, Nickel, Tin, Steel Long and Zinc Oilseeds (edible): Crude Palm Oil, Coconut Oil, Coconut Oilcake, Mustard Oil, Mustard Seed, RBD Palmolein, Soy Seed, Soy Oil (Refined), Soy Meal, Sunflower Oil and Rice Bran Oil Oilseeds (non-edible): Castor Oil, Cotton Seed and Kapasia Khalli Petro-chemicals: PPTQ, HDPEHM and PVC Spices: Black Pepper, Cardamom and Jeera Others: Arecanut, Rubber and Potato

Thrice a day * 10:30 am to 12:30 pm * 2:00 pm to 3:00 pm * 3:45 pm to 4:30 pm

Pulses: Chana, Masur and Yellow Peas Others: Guar Seed, Guar Gum and Mentha Oil

Spot Prices - Validation


Out of the range prices are eliminated from the polled prices and average of the remaining prices taken In case of higher price volatility, price are polled from large number of participants

NAME

NUMBER

PRICE Rs. 1200 1205 1206 1200 1205 1209 1195 1206 1205 1203.85

REMARKS

A1 A2 A3

11111 22222 33333 44444 55555 66666 77777 88888 99999

In case of contracts having open interest and liquidity, cross verification of polled prices with business development team, branch (s) etc.

A4 A5 A6 A7 A8 A9 Spot Price

Eliminated Eliminated

Due Date Rate


Due date rate is the final settlement price for particular future contract & calculation process called computation of DDR. Due date rate is calculated by taking simple average of specific number of days (1, 3 or 5) prior to expiry of the contract as specified in the contracts Monitoring spot price 15 days prior to the expiry Polling is increased during DDR period and maximum no of participants are called

Close Price
Close Price System generated at the end of the day Close price is the weighted average price of all trades executed during last 30 minutes in a given contract. If less than 10 trades during last 30 minutes, then last 10 trades executed during a trading day If less than 10 trades during the day, then all trades. If no trades is executed, last closing price. However, the Exchange can modify such price in case of significant movement in the spot market