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Some of the commonly used terms with respect to trading and order window are explained
below for your convenience:
Market type:
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REG:
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Regular Market (Mainly the investment is made or disposed in this type)
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FUT:
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Futures Market
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SIF:
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Stock Index Futures
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IPO:
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Initial Public Offering
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Limit Order:
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Order will be executed at the given price
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Market Order:
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Order will be executed at the prevailing market rates
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Scrip:
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the company code
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Volume:
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Quantity to be bought or sold
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Price:
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Price at which a scrip is intended to buy or sell
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PIN:
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PIN code which is provided with login Id and password
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Order Management
The System accepts buy orders only if the sufficient funds are available in the
client account with Fawad Yusuf Securities. Please ensure before placing the buy
order that your account has credit balance to the extent of order amount. If the
account does not have the sufficient balance, the system will reject the order.
When selling, please make sure that the securities must be available in your CDC
sub account (electronic custody account) with us.
Our dedicated risk management system ensures the fast and proper risk management
of all the orders received through internet before sending it to the stock exchange’s
trading engine. In view of sensitivity in price fluctuation at the stock market,
please make sure that the appropriate funds (in case of buy order) and securities
(in case of sale) are available in your account to avoid any hindrance.
The risk in securities trading business is always there due to volatility and price
fluctuations. Therefore, we advise the clients to use the recommended hardware,
keep the hardware in order and have the internet connection with recommended bandwidth
to avoid any time delays in order executions. In case of any system outages and
failure, you can place or cancel orders through telephonic conversation. After confirming
your identity, our trader can execute or cancel your order. We record all the telephone
calls of the clients.
Information / Awareness
For any further information with respect to laws, rules, regulations, investor’s
guidelines and arbitration procedures, you can visit the websites of Pakistan Stock
Exchange (PSX) or Securities Exchange Commission of Pakistan (SECP) at the links
below:
PSX Website: www.kse.com.pk
SECP Website:
www.secp.gov.pk
For safe custody of investors’ securities and monitoring settlement flows, the Central
Depository Company of Pakistan (CDC), the custodian of paperless securities and
National Clearing Company of Pakistan (NCCPL), centralized clearing and settlement
company provide the monitoring of sub accounts and settlement flows through their
respective websites. Links of their websites are given here under:
CDC Website:
www.cdcpakistan.com
NCCPL Website:
www.nccpl.com.pk
CDC provides SMS and eAlerts when the delivery is moved from or in to the investor’s
account. In addition, it also provides balance of securities confirmation through
web interface and IVR facilities. NCCPL provides settlement flow information of
the transaction on UIN basis from execution till the settlement, the system is called
UIS.
Procedures for allowing clients
access to Online (Internet Based) Trading Service
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