NISM Series XIII Common Derivatives Certification Exam Notes
Page 160 Of 303
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Quantity Conditions: Disclosed Quantity, Minimum Fill, and All or None define how much of the order is shown or must be filled.
Proprietary Trading: Trading members can trade on their own account; requires Exchange approval for multiple proprietary terminals.
Order Modification: Allowed for unexecuted or partially executed orders; some changes may affect order priority.
Trade Execution: Matching of orders results in trades; confirmed by the Exchange with details like time and quantity.
Trade Modification: Limited to fields like client code; strict timelines and conditions apply.
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