Market Watch: The Market Watch window is the third window from the top of the screen that is always visible to the user. The Market Watch is the focal area for users. The purpose of Market Watch is to setup and view trading details of securities that are of interest to users. For each security in the Market Watch, market information is dynamically updated.
Following are the key features of Market Watch Screen:
(i) Market Information Displayed: The one line market information displayed in the market watch screen is for current best price orders available in the Regular Lot book.
For each security the following information is displayed:
a) The corporate action indicator “Ex/Cum”
b) The total buy order quantity available at best buy price
c) Best buy price
d) Best sell price
e) Total sell order quantity available at best sell price
f) The last traded price
g) The last trade price change indicator and
h) The no delivery period indicator “ND”
i) The Percentage change from previous day’s closing price’
(ii) Information Update: In the Market Watch screen, changes in the best price and quantities are highlighted on a dynamic basis (in all pages of Market Watch). For example, if the best price changes as a result of a new order in the market, the new details are immediately displayed If the last traded price is higher than the previous last traded price then the indicator ‘+’ appears or if the last traded price is lower than the previous last traded price then the indicator ‘-’ appears. If there is no change in the last traded price, no indicator is displayed.
(iv) Market Watch Download: A user has to set up securities after the first download of the software. After setting up the market watch, it is suggested that the user should log out normally. This will help the user to save the freshly set up market watch securities in a file. If at any given time, when the user has freshly set up a few securities and encounters an abnormal exit, the newly set up securities are not saved and the user may have to repeat the process of setting up securities. The Market Watch setup is carried over to subsequent days, thus averting the need to set up the Market Watch on daily basis.
(iv) Setting up Securities: One of the best features of this software is that the user has the facility to set up 500 securities in the market watch. The user can view up to 30 securities in one page of the market watch screen.
(vi) Corporate Actions Indication: An indicator for corporate actions for a security is another feature in market watch.
The indicators are as follows:
XD’ - ex-dividend
‘XB’ - ex-bonus
‘XI’ - ex-interest
‘XR’ - ex-rights
‘CD’ - cum-dividend
‘CR’ - cum-rights
‘CB’ - cum-bonus
‘CI’ - cum-interest
‘C*’ - in case of more than one of CD, CR, CB, CI
‘X*’ - in case of more than one of XD, XR, XB, XI
