(It may change as per the directives of the Forward Market Commission from time
to time)
2nd Session
10:00 A.M. to 11:30 P.M./11:55 P.M.
(up to 11:55 P.M. on account of day light savings typically between November to
March month of every year)
Saturday
All Commodities
10:00 A.M. to 2:00 P.M.
Trading System
Market Order
A market order is a buy or sell order to be executed immediately at current
market prices.
Limit Order
A limit order is a buy or sell order placed to execute a transaction only at a specified
price.
Stop Order
It is a market order to buy or sell a certain quantity when a specified price (the
stop price) is reached, either above (on a buy) or below (on a sell) the price that
prevailed when the order was given.
Stop Limit Order
An order to buy or sell a certain quantity at a specified price or better, but only
after a specified price has been reached. A stop-limit order is essentially a combination
of a stop order and a limit order.
Order Validity
Day Validity
An order with a Day validity remains valid until the end of the Trading Day during
which it has been entered.
GTD (Good-Till-Date) Validity
A GTD order remains valid until the close of business on the validity date that
is specified when the order is entered.
GTC (Good-Till-Cancelled) Validity
A Good Till Cancelled order remains active until the broker decides to cancel it
or the order is fully executed or until the expiry of the respective contract in
which it is entered.
IOC (Immediate or Cancel) Validity
An order combined with the IOC validity is immediately executed for all possible
quantity on the opposite side and the remaining quantity if any, will be automatically
cancelled by the system.
Margins
ICEX follows VaR (Value at Risk) methodology for initial margin calculation. The
Initial Margin requirement shall be based on a worst case loss of a portfolio of
an individual client across various scenarios of price changes. The various scenarios
of price changes would be so computed so as to cover a 99% VaR over a one day horizon.
Daily volatility of the futures prices is considered for the computation of VaR.
Volatility is estimated using Exponentially Weighted Moving Average (EWMA) Method.
The standard deviation shall be set as the volatility estimate at the beginning.
In addition to initial margin, additional margin, regulatory margin and long margin
/ short margin may be levied and changed time-to-time under the guidelines of FMC.
Levy of margins shall be intimated to the members through the circulars. Tender
period and delivery period margin shall also be applicable during tender period
and delivery period of the contracts.
All margins shall be collected upfront from the members. Margins shall be computed
on gross positions of the clients i.e. no netting on margins for opposite positions
across clients.
Trading Related Documents
Application for User ID creation
Application For User ID Authorised Person
Application Form for Reset Password
Application for Cancellation of User Id or Dealer Id
Application for Change in Collateral Warning Limit
Application for Order Cancellation
Application for Change in Single Order Limit
Application for Order Submission
CTCL Users
Automated trading through CTCL
Member Trading Through CTCL/IBT Software
CTCL for In-house/IBT
Member Trading Through NOW Software
Conversion of CTCL ID to Trader/User ID
Trading Holidays
Holidays List for the Calendar Year 2012
S.No.
Holidays
Date
Day
Morning Session (10.00A.M. to 5.00 P.M.)
Evening Session (5.00 P.M. to 11.30/11.55 P.M.)
1
Republic Day
26th Jan. 2012
Thursday
Closed
Closed
2
Mahashivratri
20th February 2012
Monday
Closed
Open
3
Holi
8th March 2012
Thursday
Closed
Open
4
Mahavir Jayanti
5th April 2012
Thursday
Closed
Open
5
Good Friday
6th April 2012
Friday
Closed
Closed
6
Dr. Ambedkar Jayanti
14th April 2012
Saturday
Closed
Closed
7
Maharashtra Day
1st May 2012
Tuesday
Closed
Open
8
Independence Day
15th Aug. 2012
Wednesday
Closed
Closed
9
Ramzan Id (Idu'l Fitr)
20th Aug. 2012
Monday
Closed
Open
10
Ganesh Chaturthi
19 Sept. 2012
Wednesday
Closed
Open
11
Gandhi Jayanti
2nd Oct. 2012
Tuesday
Closed
Closed
12
Dussehra
24th Oct. 2012
Wednesday
Closed
Open
13
Bakri Id
26th Oct. 2012
Friday
Closed
Open
14
Diwali (Laxmi Pujan)
13th Nov. 2012#
Tuesday
Closed
Closed
15
Gurunanak Jayanti
28th Nov. 2012
Wednesday
Closed
Open
16
Christmas
25th Dec 2012
Tuesday
Closed
Closed
# Muhurat Trade Timings, on this holiday, shall be notified separately.
CTCL Users