NATIONAL STOCK EXCHANGE OF INDIA LIMITED

CAPITAL MARKET OPERATIONS

CIRCULAR

Circular No.: NSE/CMO/0216/2005

Download No. NSE/CMTR/6384

Date:  July 15, 2005

 

Dear Members,

 

Sub: Mock trading session on July 16, 2005 in Capital Market segment

 

The Exchange will be conducting a mock trading session in the capital market segment on Saturday, July 16, 2005 for testing the new version of NEAT Version 8.03, NEATPlusTWS Version 2.0.3 and NEATPlus Inquiry Version 1.0.9. Upon successful mock trading, NEAT Version 8.03, NEATPlusTWS Version 2.0.3 and NEATPlus Inquiry Version 1.0.9 will be implemented in live environment with effect from Monday, July 18, 2005.

 

Following existing functionalities have been modified in the new version:

1.      Change in quantity and value limit norms

Currently, any order entered by a member comes as quantity freeze when the order quantity is 1% of the issue size of the security or value of the order is around Rs. 5 crores whichever is less as per circular dated November 5, 2003 (Ref.no.:NSE/CMTR/4538).

Based on the representation received from the members, it has been decided to modify the existing mechanism relating to alert/freeze by building necessary alerts through the system rather than manual intervention. Keeping in view the above, it has been decided that the aforesaid existing volume freeze quantity applicable for each security be modified by providing automatic alerts and also with stricter lower limits as under:

  • 0.5% of the issue size of the security  or
  • value of the order is around Rs. 2.5 crores or
  • a global alert quantity limit of more than 25000 irrespective of the issue size of the security,

whichever is less.

 

Consequently, any order entered by a member exceeding the lowest of the aforesaid three values shall result in an alert which will read as “Order entered exceeds alert quantity limit. Confirm availability of adequate capital to proceed” and only after the member clicks the button ‘Yes’ the order will be further processed for execution.

 

Important Point

1) Members may  please note that after pressing the ‘Yes’ button, there will not be any check at the Exchange but such order will directly go to the order book for execution. Hence, members are advised to take note of this change and also take utmost care before clicking the ‘Yes’ button.

 

2) In view of the aforesaid modification, everyday members will be required to invariably load the security.txt and nnf_security.dat file (downloaded everyday through Extranet) into the NEAT/NEATPlus software.

 

2.      Branch order value limit (BOVL)/User order value limit (UOVL) – Buy and sell split

Presently, the user is allowed to set overall limit for User Order Value Limit and Branch Order Value Limit. The same has been modified facilitating the user to set buy limit and sell limit separately for User Order Value Limit and Branch Order Value Limit.

Important Point

Limits currently set up would be distributed equally between buy side and sell side.

 

The schedule for mock trading session is as per Annexure 1. Members are advised to pick up NEAT Version 8.03 (filename: NTRELTDR.803), NEATPlusTWSSetup.exe, NEATPlusSetup.exe from the NSE EXTRANET (directory: /COMMON/NTNEAT) from 16:00 hrs on Friday, July 15, 2005. The NTRELTDR.EXE will also be downloaded to the trader workstations on Saturday from 8:30 hrs to 10:00 hrs. Members who are unable to access the Extranet can pick up the exe using Internet (ftp:\\203.199.75.110) (directory: /COMMON/NTNEAT).

 

Members who do not participate in the mock session or do not have version 8.03 of NEAT or version 2.0.3 of NEATPlusTWS shall not be able to trade on July 18, 2005. Members are advised to login into live environment, on Saturday July 16, 2005 from 17:30 hours to 18:00 hours, to check the connectivity and also to avoid login problems on Monday, July 18, 2005.

 

Members using CTCL facility are also advised to actively participate in the mock trading session using CTCL software.

 

The following operational instructions are annexed:

Instructions for NEAT

1) Annexure 2.1: Instructions for all Users

2) Annexure 2.2: Instructions for EXTRANET Users

3) Annexure 2.3: Instructions for Members who are unable to get the software

    from EXTRANET.

4) Annexure 2.4:  Procedure for re-login to live environment on Saturday, July 16, 2005.

 

Instructions for NEATPlus

5) Annexure 3.1: Installation procedure for NEATPlus (Version 2.0.3) Trader Terminal

6) Annexure 3.2: Installation procedure for NEATPlus (Version 1.0.9) Inquiry Terminal

 

Members may please note no trade resulting from mock trading on July 16, 2005 shall attract any obligations in terms of funds and/or securities payin and payout. Members are also requested not to transfer any data file for this mock trading.

 

Members are also advised to refer to the website of NSE at www.nseindia.com for any information which may be updated by the Exchange on the mock session

 

For any clarifications, members are advised to contact the following officials:

Mr. Vishal Bohra / Mr. Nilesh Dhage / Ms. Shweta Kelkar / Mr. Jimit Shah at 26598153 /26598156/26598157.

 

For and on behalf of

National Stock Exchange of India Ltd.

 

 

Suprabhat Lala

Manager (Capital Market - Operations)

 

 

ANNEXURE 1

 

 

Schedule for the Mock Trading session

 

                       

For Saturday, July 16, 2005:

 

Mock Normal / RDM /Limited Physical Market Open  : 10:30 hours

Mock Normal / RDM /Limited Physical Market closed : 11:30 hours

Mock Normal / RDM /Limited Physical Market Pre-open         : 11:40 hours

Mock Normal / RDM /Limited Physical Market Open  : 11:45 hours

Mock Normal / RDM /Limited Physical Market close   : 12:45 hours

Mock Auction Market Open                                                    : 12:00 hours

Closing Session start                                                                 : 13:05 hours

Closing Session end                                                                  : 13:20 hours

 

 

 

Check the connectivity (live) to the system:

 

July 16, 2005 (Saturday)                                              17:30 hrs to 18:00 hrs.

 

Software Download Timing

 

July 16, 2005 (Saturday)                                              8:30 hrs to 10:00 hrs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ANNEXURE 2.1

 

                                                 Instruction for all Users

 

 

1) During the download of the new version, the existing EOD reports residing in C:\NTNSECM\REPORTS directory will be deleted. Hence the users are requested to take the back up of all the report files before taking the version download.

 

2) The users are also advised to take backup of their market watch screen settings before executing step 3 of ANNEXURE 2.2. The file is 'mw****.dat (**** = user id) and resides in 'C:\NTNSECM\BACKUP' directory.)

 

3) Members are advised to upload the new exe downloaded from the extranet only after Friday's live trading hours (after all end of day activities have been completed).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                                                               

 

 

 

ANNEXURE 2.2

 

Instructions for EXTRANET Users

 

 

Members are requested to perform the following steps:

1) Execute the following commands after FRIDAY'S LIVE TRADING HOURS (after all end of day activities have been completed). Copy the 8.02 version of the software as NTRELTDR.802. For this members are requested to execute the following commands: from MS DOS prompt(C:)

i) cd C:\

ii) rename NTRELTDR.EXE NTRELTDR.802

2) Pickup the following files from the NSE EXTRANET - /COMMON/NTNEAT directory into (C:\) in your local hard disk:

·        8.03 version of the software i.e. NTRELTDR.803

·        Security.zip

·        Participant.zip

·        Contract.zip

3) Execute the following commands for installing the new version:

i) cd C:\

ii) copy NTRELTDR.803 NTRELTDR.EXE

iii) xcopy /sei NTNSECM NTNSECM802

iv) rmdir /s NTNSECM

iv) NTRELTDR -D -O

Note: Before executing NTRELTDR –D –O for the new ver 8.03, ensure that NTNSECM directory does not exist.

4) For CTCL users

·        nnf_security.zip

·        nnf_participant.zip

 

Members who are unable to access the Extranet can pick up the exe using Internet. (ftp:\\203.199.75.110) (directory: /COMMON/NTNEAT) .

           

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                                                         

 

 

 

ANNEXURE 2.3

 

Instructions for Members who are unable to get the software from EXTRANET

 

 

A. Follow the steps mentioned below to obtain the software download and explode the components:

1) Copy the 8.02 version of the software as NTRELTDR.802. For this, execute the following commands from Ms DOS prompt(C:)

i. cd C:\

ii. rename NTRELTDR.EXE NTRELTDR.802

iii xcopy /sei NTNSECM NTNSECM802

2) Remain on the NEAT 8.02 logon screen (do not press any other keys)

3) The NEAT 8.03 version will be downloaded in multiple passes. In case of an unsuccessful download (< 100%), do not press any keys, but wait for the next pass.

4) Once software download is complete press 'NO'

5) cd C:\ (at Ms DOS prompt)

6) rmdir /s NTNSECM

7) NTRELTDR -D -O

 

Note:

a) Once software download is complete ensure that you have pressed 'NO'

only.

a.      Before executing NTRELTDR –D –O for the new ver. 8.03, ensure that

NTNSECM directory does not exist.

 

B.  Download of the NEAT Ver 8.03 software need not be done on each of the trader workstations. If the download of NEAT Ver 8.03 has been obtained on one trader workstation, copy the file C:\NTRELTDR.EXE to all other trader workstations.

 

ANNEXURE 2.4

 

Procedure for re-login to live environment on Saturday, July 16, 2005

 

1)      cd C:\ (at MS DOS prompt)

2)       rmdir /s NTNSECM

3)       NTRELTDR -D -O

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ANNEXURE  3.1

 

 

Installation procedure for NEATPlus (Version 2.0.3) Trader Terminal

 

I. Installations of NEATPlus:

The procedure to be adopted for installing NEATPlus Trader Work Station (Version 2.0.3) for Capital Market:

A. Rename the existing NEATPlusTWSSetup.Exe as NEATPlusTWSSetup2.0.2.Exe

B. Download the set up file from EXTRANET server

Installation file (NEATPlusTWSSetup.exe ) can be downloaded from the NSE extranet server (FTP Server) . This file will be available for the Capital Market segment members in Common\NTNEAT.  Files need to be downloaded in the root directory (i.e. C:\ or D:\ or E:\).

C. Installation Procedure:

  1. Go to the drive where NEATPlusTWSSetup.exe is copied.
  2. Double click on the NEATPlusTWSSetup.exe.
  3. The files will be extracted with the window pop up ‘NEATPlus TWS Installer extracting files’ window. It will be followed by ‘NEATPlus Installer’ pop up window. Installation drive (where application will be installed) will be ‘C:’ by default. However, the user can change the default installation drive to any other local drives (e.g. D:). Click on ‘Install’ button on this pop up window and follow the installation instructions. Message of successful installation will be displayed once the complete application is installed.
  4. On successful installation:
    1. Two directories NEATPlusData-TWS and NEATPlusDB-TWS will be created in the installation drive.
    2. NEATPlus TWS shortcut icon will be created on the desktop
    3. NEATPlus TWS entry will be available in the ‘Programs’ sub-menu of the ‘Start’ menu.
  5. The user can run the NEATPlus TWS application by double clicking on the:
    1. NEATPlus TWS shortcut icon created on the desktop.
    2. NEATPlus TWS entry in the ‘Programs’ sub-menu of the ‘Start’ menu.
    3. NEATPLUS.exe located in the NeatPlusDB-TWS directory in the installation drive.

 

 

ANNEXURE 3.2

 

 

Installation procedure for NEATPlus (Version 1.0.9) Inquiry Terminal

 

I. Installations of NEATPlus:

The procedure to be adopted for installing NEATPlus Inquiry terminal (Version 1.0.9) for Capital Market:

 

A. Rename the existing NEATPlusSetup.Exe as NEATPlusSetup1.0.8.Exe

B. Download the set up file from EXTRANET server

Installation file (NEATPlusSetup.exe) can be downloaded from the NSE extranet server (FTP Server). This file will be available in Common\NTNEAT.  Files need to be downloaded in the root directory (i.e. C:\ or D:\ or E:\).

C. Installation Procedure:

  1. Go to the drive where NEATPlusSetup.exe is copied.
  2. Double click on the NEATPlusSetup.exe.
  3. The files will be extracted with the window pop up ‘NEATPlus Installer extracting files’ window. It will be followed by ‘NEATPlus Installer’ pop up window. Installation drive (where application will be installed) will be ‘C:’ by default. However, the user can change the default installation drive to any other local drives (e.g. D:). Click on ‘Install’ button on this pop up window and follow the installation instructions. Message of successful installation will be displayed once the complete application is installed.
  4. On successful installation:
    1. Two directories NeatPlusData and NeatPlusDB will be created in the installation drive.
    2. NEATPlus shortcut icon will be created on the desktop
    3. NEATPlus entry will be available in the ‘Programs’ sub-menu of the ‘Start’ menu.
  5. The user can run the NEATPlus application by double clicking on the:
    1. NEATPlus shortcut icon created on the desktop.
    2. NEATPlus entry in the ‘Programs’ sub-menu of the ‘Start’ menu.
    3. NEATPLUS.exe located in the NeatPlusDB directory in the installation drive.