Trading System

UCX is an online platform for derivatives trading of multiple commodities under the segment 

Bullion, Energy, Agriculture, Metals, etc. that would be traded across the country. The platform enables buyers and sellers to trade anonymously.

Salient Features
  • Highly customizable and flexible TWS
  • Exhaustive order management functionality
  • Member administration features available in the same TWS
  • Online backup facility
  • Option to create custom reports

Types of orders - Price Related Orders
  • Limit Order – The order wherein the price is to be specified while placing the same.
  • Market Order – The order at the best available price at the time of placing the same.

 

Types of orders - Time Related Orders
  • DAY order - A Day order is valid for the day on which it is entered. If the order is not matched during the day, the order gets cancelled automatically at the end of the trading day.
  • GTC - A Good Till Cancelled (GTC) order is an order that remains in the system
  • until the expiry of the respective contract in which it is entered or until when the same is cancelled by the member.
  • GTD - A Good Till Date (GTD) order is valid till the date specified by the member. After the specified date the unexecuted orders get automatically cancelled by the system.
  • IOC - An Immediate or Cancel (IOC) order allows a member to execute the orders as soon as the same is placed in the market, failing which the order will get cancelled immediately