Finance Info

The earlier outcry system of auctions in the trading ring has now been replaced by the BOLT and NEAT systems. The BSE on line trading system is called BOLT, whereas, the NSE has a similar system called NEAT. The purpose of these on line trading systems is to provide an automated, computerized network platform for trading instantaneously, in real time. Through the BOLT and NEAT systems brokers can now enter orders on behalf of their clients from computer terminals installed in their offices instead of physically assembling in the trading ring. Trading is conducted from Monday to Friday between 9:55 a.m. and 3:30 p.m.

On line trading has numerous advantages over the earlier system. It is now possible for an individual investor to place buy and sell orders through these on line trading systems and watch them being instantaneously executed. This has resulted in a quantum leap in the volume of trading and in the liquidity of listed stocks.

Online trading systems have also gone a long way in infusing greater confidence and trust amongst investors and traders. They can now actually watch their deals being executed exactly at the prices that they want. One of the main advantages of on line trading systems is greater transparency in transactions.