BOLT
WHAT IS BOLT?
To facilitate smooth transactions, BSE had replaced its open outcry system with the BSE Online Trading (BOLT) facility in 1995. This totally automated, screen-based trading in securities was put into practice nation-wide within a record time of just 50 days. BOLT has been certified by DNV for conforming to ISO 27001:2005 security standards. The capacity of the BOLT platform stands presently enhanced to 80 lakh orders per day.
Ticker window
2.
4. TYPES OF ORDERS: - Limit orders - Market orders - Odd lot orders - Stop loss orders Features of Orders: Retention , net position, oddlot Colour schemes, background colour Institutional ID - Client, Own, FI, WH
5. 6A / 7A Interactive trade confirmation 6. Control mechanism: - Daily circuit filters -Capital Adequacy check (Intra-day trading limits) - Gross Exposure check - Trader-wise controls
7.Broadcast: -Market view -Best five quotes -Total depth - buy and sell -Last traded rate & quantity -Trades / values / volume -Lower / upper circuit limit rate & weighted Avg. rate -Open / high / low / close
8.Total Dematerialisation:
Complete Rolling settlement T + 2
14500 terminals
900 members
14.Trading Backed by Risk Management Trade Guarantee Fund Customer Protection Fund Margin Mechanism
Downloading facilities
Trade data Member query data / breakup data Net position (brokerwise) Auction Data (offers / D.O./Money statement /Entl. Rep) Settlement related data Money statement, delivery orders, margin. Daily price movement (Open/High/Low/Close/Value/Volume) Trade statistics Notices
Advantages of BOLT
Transparency of trades Enhancement of market quality through liquidity Reduction in settlement Risk (guaranteed settlement) Faster settlement T + 2 Improved access to sensitive information Simplicity in broker back office operations Increases geographical spread