the mechanism of trade confirmation and T+2
1. Trade by Market Price
Customers connect to the AMAR SPOT
server to get login with his own ID & Password.
When the customer gets logged in, he
will be able to see the market watch with live price of all the
symbols of AMAR SPOT.
The customer will have to click on a specific symbol to open the
In the buy-sell window the customer
will be able to see the live price, from that Customer will
decide to buy or sell. For trade confirmation, Customer will
have to click on the buy or sell option. After clicking on the
buy or sell option for trade confirmation, customer will get the
trade confirmation ticket number including rate and quantity.
Now if the customer wants to see the trade than he would be able
to see on the "AMAR SPOT" server terminal in trade option and
there he can see the confirm trade above the "Balance."
Trade by Limit
Customer place the limit order by
his own rates. Customer will be able to see the limit order on
the AMAR SPOT terminal, in trade under the "Balance" including
limit rates & quantity. When AMAR SPOT ASK rate & the customer's
LIMIT RATE will get same the customer's limit order will get
confirmed. When the limit order will get confirmed, the customer
will automatically see the limit confirm trade above the
"Balance" including rates & quantity which he was able to see
under "Balance" before limit order confirmation.
This all trades are physical delivery only.
After trade confirmation, customer will have to take the
delivery within T+2 morning (e.g. If customer confirms his trade
on Monday he must take his delivery by Wednesday). If customer
fails to take the delivery by Trade+2 than he will be charged 1%
penalty or value date charges will be applicable.
1) Regularly check the mails because sometimes due to any
technical reason or Bank holidays "T+2" will get converted
into "T+1" or only "T".
2) We will keep you updating regarding this through our