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 open price/matchable quantity at the indicative open price is not available then the 'LTP'/'LTQ' field is right blank.
- Total buy /sell depth of the book will be populated in the 'Buy /Sell depth' fields
- Percentage change in the indicative 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 issue price in case of IPO
The market depth would display:
- Indicative opening price with next best 4 bids and offers. If the indicative opening price is not determined, then the best bids and offers will be displayed
- Cumulative quantities at each of these price points
Example of the market depth display
200 |
96 |
91 |
100 |
150 |
95 |
91.5 |
100 |
50 |
93 |
93 |
100 |
100 |
91.5 |
95 |
100 |
100 |
91 |
96 |
200 |
100 |
90 |
97 |
50 |
|
|
98.5 |
50 |
|
|
99 |
100 |
|
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: