Market Picture Display
The following information will be disseminated to the market at regular intervals during the order entry period pre-open session –
- Indicative market opening price, populated in the ‘LTP’ field
- Matchable quantity at the indicative market opening price, populated in the ‘LTQ’ field
If the indicative opening price/matchable quantity at the indicative opening price is not available then the ‘LTP’/’LTQ’ field is left blank.
- Indicative values of SENSEX and other BSE indices
- Total buy /sell depth of the book will be populated in the ‘Buy /Sell depth’ fields
- Percentage change in the indicative price from the previous day’s closing price
- High/ Low prices will be disseminated based on the indicative opening prices
- The ‘open’ field in the BOLT system will be populated only when the actual opening price has been determined in the order matching and confirmation period.
- The ‘Close’ field will display the previous day’s closing price
The market depth would display:
- The indicative opening price + next best 4 bids and offers. If the indicative opening price is not determined, then the best bids and offers will be displayed
- The cumulative quantities at each of these price points
- Market order quantity will be added to the best available price point
Example of the market depth display
Order Book
100 |
ATO |
91 |
100 |
100 |
96 |
91.5 |
100 |
150 |
95 |
93 |
100 |
50 |
93 |
95 |
100 |
100 |
91.5 |
96 |
200 |
100 |
91 |
97 |
50 |
100 |
90 |
98.5 |
50 |
|
|
99 |
100 |
|
Example of the market depth display
Demand Supply Schedule
96 |
200 |
600 |
200 |
400 |
95 |
350 |
400 |
350 |
50 |
93 |
400 |
300 |
300 |
100 |
91.5 |
500 |
200 |
200 |
300 |
91 |
600 |
100 |
100 |
500 |
|
Here the opening price determined is 95.00 at which the tradable quantity is maximized.
The market depth display would be as follows:
During Pre-open trading session:
During the Order Entry period of the pre-open session, indicative opening price(s) will be calculated for each stock at regular intervals and disseminated. Indicative cumulative buy and sell quantity for that stock will also be displayed. An indicative index will be calculated based on the indicative prices and disseminated.
Market picture window for various periods in the pre open session
LTP |
Blank |
indicative Opening Price |
Indicative Opening Price displayed till the actual opening price is discovered |
LTQ |
Blank |
Indicative matchable Quantity |
Traded quantity of the last trade at the opening price |
OPEN |
Blank |
blank |
Actual opening price, once discovered; till then remains Blank |
HIGH |
Blank |
Highest indicative price |
Highest indicative price displayed until actual Open Price is discovered |
LOW |
Blank |
Lowest indicative price |
Lowest indicative price displayed until actual Open Price is discovered |
LCktlm/ UCktlm |
Blank |
Blank |
Blank |
CLOSE |
Previous day’s close price |
Previous day’s close price |
Previous day’s close price |
TOTAL BUY DEPTH |
Blank |
Highest indicative price |
Total buy quantity of all orders in the order book |
TOTAL SELL DEPTH |
Blank |
Total sell quantity of all orders in the order book |
Total sell quantity of all orders in the order book |
SENSEX |
Previous day’s closing value |
Indicative value based on indicative open price of SENSEX scrips |
Will get updated as & when actual open price of SENSEX scrips is discovered |
|