NISM Series XVI - Commodity Derivatives Exam Notes
Page 28 Of 36
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From April 01, 2019, all existing sub-brokers would migrate to become Authorised Persons (APs) or Trading Members if the sub-brokers meet the prescribed eligibility criteria.
Algorithmic trading automatically determines individual parameters of orders such as initiation of order, timing, price or quantity, managing the order post submission with / without limited human intervention.
High Frequency Trading (HFT) is part of algorithmic trading that comprises latency-sensitive trading strategies and deploys technology including high speed networks to connect and trade on the trading platform. In Algo trades, Immediate or Cancel and Market orders are not allowed.
In commodities futures, there are two types of settlement price: one is the daily settlement price (DSP) that is known as closing price and the other is the final settlement price (FSP) that is known as Due Date Rate (DDR)
Delivery logic means the choice that buyers and sellers get on open positions during tender/delivery period - Compulsory delivery, Both option, Seller's option
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