orders for buying and selling of securities are accepted through
the following modes;
Orders given through recorded local telephone lines.
Orders given on the printed order slip.
Orders placed through online trading system.
buying and selling orders of securities are processed T+2 and
spot trading systems. These systems automatically match buy and
sell orders. These systems are used for both market and limit
orders. These systems can match the price offer and ask with
quantity demanded and available.
Settlement and Clearance
Settlement and clearance are done through National Clearing &
Settlement System (NCPL) and Central Depository Company (CDC).
CDS is an electronic book entry system to record and transfer
securities. And NCCPL is principally engaged in the business of
clearing and settlement of securities through the National
Clearing & Settlement System (NCSS) with its technologically
advanced features such as automated pay & collect has introduced
extraordinary transparency & expediency in the Clearing process.