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Live Market

Placing a Bid/Offer

When Users want to place a new Bid/Offer, they can press New Bid or New Offer above the top right of the Live Market dashboard.

I. Placing a New Bid

Suppose the User wants to put up a New Bid, they can click on New Bid and it will open a panel.

  1. A Search Bar is available to search for the ISIN of the bond or the users can type in the keywords to find the bond they are looking to place a bid for.
  2. Users can put up their requirements, i.e the Quantum at which they are looking to buy for, quote on the yield at which they want to buy and the value date on when to close and settle the deal.
  3. Users can choose the Bid type that they want to put up. They can put up either a CBC (Call Before Closing) or a Firm bid.
    • CBC Bid: Call Before Closing bid will be a bid that can be negotiated/varied according to the user and the counterparty before they want to settle for a final price. These Bids are not put up on the Exchange platforms (NSCCL/ICCL).
    • Firm Bid: Firm bids are non-negotiable and thus will only be traded at the value set by the user or the counterparty while buying. All firm bids will have a timer set by the users according to their preference. Post that the validity of the listed bond expires.
  4. Firm Bids will always have an option of choosing the platform on which the user wants to put their bid on. The Exchange platforms can be chosen either NSCCL or ICCL.

II. Placing a New Offer

Suppose the User wants to put up a New Offer, they can click on New Offer and it will open a panel.

  1. A Search Bar is available to search for the ISIN of the bond or the users can type in the keywords to find the bond they are looking to place an offer for.
  2. Users can put up their requirements, i.e the Quantum at which they are looking to sell at, quote on the yield at which they want to sell and the value date on when to close and settle the deal.
  3. Users can choose the Offer type that they want to put up. They can put up either a CBC (Call Before Closing) or a Firm offer.
    • CBC Offer: Call Before Closing offer will be an offer that can be negotiated/varied according to the user and the counterparty before they want to settle for a final price. These Offers are not put up on the Exchange platforms (NSCCL/ICCL).
    • Firm Offer: Firm offers are non-negotiable and thus will only be traded at the value set by the user or the counterparty while selling. All firm offers will have a timer set by the users according to their preference. Post that the validity of the listed bond expires.
  4. Firm Offers will always have an option of choosing the platform on which the user wants to put their offer on. The Exchange platforms can be chosen either NSCCL or ICCL.