SSI Web Trading for derivatives market user guide

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SSI Web Trading for derivatives market user guide

There are two ways of viewing Price Board:

- Option 1: After logging in, choose "Trading" → "Price board"
- Option 2: Click on the option  at the bottom right of any screen; choose the icon "Price board" to watch price board with useful functions:
  • Price and information of derivatives instruments updated realtime on the trading session
  • Add/remove private derivatives portfolio
  • Add/remove derivatives instruments on your favorite list

Add/remove private derivatives portfolio into the price board

  • To build your own portfolio to follow the price board effectively, move mouse to the menu "Favorites", fill name of your portfolio and click "Add" button

  • To remove any created favorite list, move mouse to the menu “favorites" -> Choose the portfolio that you intend to remove, and click “X”

Add/remove derivatives instruments into "My favorites"

Option 1: Move mouse to the menu "Favorites", choose the name of your private portfolio, enter the code in the field "Series ID", press "Enter" or "Add" button

Option 2: Click on the menu “My Favorites”, the screen will appear as below:

  • Click on "VN30", "HNX30" or "Bond", select derivatives instruments and click “Save”
  • Click on the letters on the screen to add new derivatives instruments. The system will automatically check the derivatives instruments which contain selected letters, and then click on “Save" button to display the selected derivatives instruments on the price board
  • Click "X" to close the screen

Notes:

  • Double click to move the row to the top of the price board
  • Remove a derivatives instrument from the price board by clicking on the icon "X"
  • Move mouse to derivatives instruments on the price board to see information of its expiry date

SSI launches the Chart- Technical Analysis for customers to provide more utilities and increase the efficiency on Web Trading for derivatives.

Customer can access the screen of technical analysis chart by one of the following ways:

  • Click on tab “Trading” then choose “Technical Chart”
 
  •  Click on any derivatives code on price list, then click to choose tab “Technical Chart”
 
  • At the price list screen, click to choose tab “Technical Chart”
 
Note: Minutes charts (1’; 5’; 15’; 30’) are only available for the last 5 working days (include the current date)
 
VIEW REAL TIME ORDER MATCHING DETAILS 
 
This function allows customers to view real time order matching details by time, volume and price. You can access to this screen by click on derivatives code which you are interested in on price list.
 
 
The screen appears as:
 

There are many different ways to place buy/sell orders:

  • Click on the menu “Trading” and choose “Place order”
  • Click on the option  at the bottom right of any screen
  • Click on any price of any derivatives instrument on price board, the system will show place order entry which filled series ID equivalent to the row of derivatives code that you have chosen
  • Click on the icon  on the main interface to view price board under Card type, choose derivatives instrument -> fill the Volume and click Sell or Buy as appropriate. The order entry screen will be displayed at the current highest Buy price (for Sell order) or the current lowest Sell price (for Buy order)

The steps are as follow:

Step 1: Fill in the blanks with order information

- Enter the series ID. Use the Tab, Enter key or mouse to move across the field
- In case you are not sure about the derivatives code, you can search by clicking on the "Series ID", enter the characters, the system will display list of derivatives instruments which contain selected characters

- Do not enter spaces and comma between the numbers. You can use a dot in the price field for index futures
- The system has an option "Save PIN code" that helps you not to re-enter your PIN until you escape the system and so that you can place orders more quickly. The function “Save PIN code” wills no longer work once you exit the system and it must be reselected in the following logins.
- You can view quick information of the watching derivatives instrument at the bottom of the place order entry by the two following choices:
  • Click on the tab “Information”, 
  • Click on the tab “Status", your five latest placed orders will be shown on the screen

Step 2: Confirm order

  • Click on "Buy" or "Sell" as appropriate to place the order into the market. The screen of order confirmation will appear as below:

  • Click on "Confirm" to send the order into the system or "Close" to return to the order entry screen without placing the order
  • Once order is confirmed, the system will show the notification: Your order has been received. Please view the order status. You can click on “view the order status” to check all placed orders

SSI has just launched a quick placing order function for derivatives trading to save time and increase the efficiency of the process.

Customers can place orders more quickly by one of the following ways:

  • Click on the button 16.png at the bottom right corner of any screen pages.
  • Click on the button  on the top right corner of the price board.

Quick order screen appears, you can select the Series ID you want to trade, prices are automatically updated in real time, with the bid price is the lowest selling one and the ask price is the highest buying one of this Series ID. The volume has been entered and saved on the system so customers can decide when to sell or buy at their expected price.

The 1-Click order steps are follows:

Step 1. Fill in the blanks with order information (set up one time only)

  1. Enter Series ID, Volume and click on the button Save volume beside to save information.

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  1. Uncheck the box ­­­Order Confirmation at the bottom right corner of the order screen.

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After unchecking the box, the screen will show a warning pop-up as follow:

21.png

Customers press button Confirm to skip order confirmation step for the next orders.

  1. Choose Buy with the lowest selling price or Sell with the highest purchase price of the selected Series ID at that time.
  2. Enter PIN code, Click on Save PIN code then Confirm to transfer the order to system.

22.png

After that, system will show the notification “Your order has been received. Please view the order status”.

You can click on Orders status to check all placed orders or view the most recent orders on the quick orders screen below.

Step 2: Place orders continuously with 1 - click function.

After setting all order information in Step 1, for the next orders, customers only have to choose “Buy/Sell” to send orders into the market automatically without order confirmation step.

NOTE:

  1. For those who want to check the order information before sending it into the market, please recheck the box 23.png to add order confirmation step for the next orders.
  2. In the order process, customers can enter Spread to increase order matching probability. It will be saved automatically when you open the quick order screen
  • Buy Order: Bid price = Lowest selling price (real time) + Spread
  • Sell Order: Ask price = Highest buying price (real time) - Spread

24.png

  1. You can alternately choose the symbol 25.png / or symbol 26.png on the top right corner of price list to switch between the two screens: normal price list and card price.

QUICK ORDERS STATUS

After placing orders successfully, your orders will appear on the quick orders status screen below

27.png

You can select the icon 28.png to move the orders status screen up or down and select the icon 29.png to hide or show quick orders status screen.

This function allows customers to confirm orders placed by SSI broker staffs on Web Trading for derivatives.

Steps to Confirm orders:

Step 1: Customers access screen Portfolio Management -> Order History/ Order Confirmation -> Choose the confirmation period and click on button “View”:

Step 2: Choose orders to confirm

  • Customers can choose one or multiple  orders to confirm at the same time.
  • The system allows customer to confirm maximum 1 orders/page.

Step 3: Confirm the selected orders

  • After checking all information, Customers choose “Confirm”, then enter  PIN/Token code in to send request to system. You can also choose “Close” to stop  confirming orders.
  • Confirmed orders will be moved to the status “Signed”. Customers can view orders in the past by changing the item "Status”.

Order status provides information on any order you have placed that is open, matched, has expired or has been canceled.

There are three ways of checking your order status:

  • Option 1: Click on the menu “Trading” à “Order status”. You can use the Order status function to keep track of investing activity in your account. Moreover, the system support customers records the audit trail for every action by clicking on the "Detail". The audit trail captures all actions performed by users of the system on an order such as placing, canceling, editing.

  • Option 2: Quick order status is updated as soon as the order has been confirmed at the bottom right-hand side of the place order form

  • Option 3: Click on the option  at the bottom right of any screen and choose the icon "Status"

o Details of order status

o Normal order status

- Waiting for fully matched: Order has been sent to the HNX floor and is waiting to be matched.
- Matched order
  • Fully matched order: Order has been executed at HNX and is matched fully with the ordered quantity of customers.
  • Partially matched order: Order has been executed at HNX and is matched partially compared with the ordered quantity of customers.
  • Partially matched/ cancelled order: Order has been executed at HNX and is matched partially compared with the ordered quantity of customers; the quantity which has not been matched is cancelled.
- Edited/Cancelled order
  • Cancelling order: Order’s status after cancelling the order, the request has been sent to HNX’s system and is waiting to be cancelled.
  • Cancelled order: Order has been cancelled. The request has been processed successfully at HNX’s system.
  • Editing order: Order’s status after editing the order, the request has been sent to HNX’s system and is waiting to be edited.
  • Edited order: Order has been edited. The request has been processed successfully at HNX’s system.
- Rejected order
  • Rejected order at SSI: Order has been rejected at SSI’s system and has not been transferred into HNX’s system.
  • Rejected order at the floor: The request has been sent successfully into HNX’s floor but has been rejected at HNX.
  • Rejected cancel order: Rejected request to cancel order at HNX.
  • Rejected edit order: Rejected request to edit order at HNX.
  • Rejected order: is the order which has been sent into SSI’s system but has been rejected. Customer can view the reason by clicking on the text “Rejected” on the status column to view more information.

This function allows you to view all orders for three months by clicking on the tab "Portfolio management" -> “Order history”

Customers can filter by “Series ID”, "Order type", "Channel", "Order statement" in any period

Conditional orders: are orders for buying and selling futures contracts, but integrated with conditional factors such as time, price and generating rules according to the market trend. Once specified criteria are met, conditional orders will be activated and sent into the market.

Terms of condional orders:

  • MP - Market Price: is the last matching price of Futures contract. At the pre-market or in the ATO session, Market Price is defined as the Reference one.
  • OP – Order Price: is the price of the actual order being activated and sent to the floor once predefined conditions are reached. Order Price is chosen by the customer at the time of placing conditional order and may be changed depending on the type of conditional order that customers has determined. Order Price should be Limit Order and must satisfy tick size and the ceiling & floor limits in the trading day.
  • TP – Trigger Price: is the price being used to compare with the market price of the futures contract for determining whether the price of conditional orders is satisfied or not. Trigger Price should be Limit Order and must satisfy tick size and the ceiling &floor limits in the trading day and tick size.

Time validation: Conditional orders are effective only on one trading day. Those are placed in Pre-market session (from 04.30 PM of the current trading day) will be effective in the next trading day.

Cancel/Amend regulation: Customers can cancel/amend conditions order with the status “Stop ready” (conditional orders are waiting to reach conditions). After being activated, conditional orders will become normal order and must be applied with cancel/amend regulations of stock exchange.

OCO is an order to close position with expected target price (take profit), combined with a cut loss order, which help investors to take profit automatically or the order will act as an automatic cut loss one at a predetermined price if the market price fluctuates in the opposite direction.

OCO order includes information as:

- Order price : is the expected profit price to close position.
- Loss price: is the cut loss price customer has been predetermined.
- Spread : is the increasing/decreasing range based on the setting loss price, to adjust the order price to cut loss, which help to increase the successful matching opportunities.
- Adjusted price: is the stop loss price which has been adjusted following the spread value.
  • If OCO a is buy order: Adjusted price = Loss price + Spread, Adjusted  price is activated when Market Price >= Loss Price.
  • If OCO is a sell order: Adjusted price = Loss price - Spread, Adjusted price is activated when Market Price <= Loss Price.

Order regulation:

- Order price and loss price must be LO price and different from each other, satisfy the ceiling & floor limits. Type of orders including ATO/ATC/MTL/MOK/MAK is not allowed.
-  Loss price must satisfy following regulations:
  • If OCO is a sell order: Loss price < Market price, (Loss price – Spread) >= Floor price.
  • If OCO is a buy order: Loss price > Market price, (Loss price + Spread)<= Floor price.
- Application:
  •  Lock in gains with good price
  •  Limit losses in case price fluctuates with bad direction

Example:

Customers are holding Long position at the average buying price 950, expect to take profit at 955 and will cut loss if the market price decreases to 945, spread is 0.5 à Customer will place a Short OCO with the following information: order price is 955, loss price is 945 and spread is 0.5. The system will automatically calculate the Adjusted Price  = Loss price – Spread = 945 - 0.5 = 944.5. Accordingly, in customers’ order status, a sell OCO order with the take-profit price 955 will be sent into the market under the status “Open” (Order is waiting to be matched)

  • If the market price increases >= 955, a sell limit order to take profit will be matched.
  • If the market price decreases to 945, reaches the cut loss price, a sell limit order to take profit will be automatically transferred to a cut loss order with the adjusted price changing from 955 to 944.5 (944.5 (=945 -0.5)).
  • If the market price increases to 955 and supposing that a selling limit order has been only partially matched., After that, the market price decreases and touches the loss price (<=945) so the unmatched amount of take profit order will be transferred to a cut loss order with the adjusted price changing from 955 to 944.5 (=945-0.5).

The steps to place order are as follows:

Step 1: Customers click on the menu ”Trading” and choose “Place order” or click on the button “Place order” at the bottom right of any screen.

Step 2: Fill in the blanks with order information

- Customer enters information of order including: Account Number, Quantity and Order Price (must be limited price).
- Setup conditions for OCO order:
  • Click on the checkbox “ Stop/Trigger” à Choose “OCO”
  • Enter the loss price is limit price
  • Enter the spread value
- Enter PIN code/Token à Click on “Buy” or “Sell”. The system will display order confirmation popup

Step 3: Order confirmation

  • Click on “Confirm” button to complete placing the order. The system will display the notification “Your order has been received. Please view the order status”. Customers can check status at the quick order status or click “order status” to view more details.
  • Or you can click on “Close” for not placing order and close the place order form
Customers can amend quantity and price of unmatched or partiall matched conditional orders. Note: In case you want to amend the quanity, you are allowed to decrease quantity only.

Bull & Bear is the conditional order to open new positions, combined with 2 orders to close position: One is to lock in gains and the other is to limit losses. Accordingly, Bull & Bear is considered as a combination of 3 orders:

(1) A limit order to Buy/Sell (original order) to open new position
(2) A limit order to close position at the expected profit price
(3) A limit order to cut loss in case the market price fluctuates with bad direction

When Bull & Bear order (known as the original order (1)) is fully matched, an OCO order (combination of (2) and (3)) to take profit or cut loss will be automatically generated.

Note: After Bull & Bear order is fully matched, the system will check Excess Equity (EE) before generating OCO order. That means, if OCO is used to open new position (instead of using to close position for Bull & Bear) and purchasing power is not enough to open corresponding number of new positions with OCO, order will be not generated.

Bull & Bear  order includes information as:

- Order price: is the price to open new position.
- Profit step: distinct value between order price and expected profit price of customers.
- Loss step: distinct value between order price and cut loss price which has been predetermined by customer within a range of risk.  
- Spread: is the increasing/decreasing range based on the setting loss price, to adjust the order price to cut loss, which help to increase the successful matching opportunities.
- Profit price: Order price +/- Profit step (corresponding with take profit order is Selling/Buying).
- Loss price = Order price +/- Loss step (corresponding with cut loss order is Buy/Sell).
- Adjusted price: Is the cut loss price which has been adjusted based on the spread value = Loss price +/- Spread
  • If OCO is a buy order: Adjusted order price = Loss price + Spread, adjusted price is activated when Market price >= Loss price.
  • If OCO is a sell order: Adjusted order price = Loss price – Spread, adjusted price is activated when Market price =< Loss price.

Order regulation:

- Order price, loss price, profit price and adjusted order price must be limit order and satisfy the ceiling & floor limits. Type of orders including ATO/ATC/MTL/MOK/MAK is not allowed.
- Loss step and spread value must satisfy following regulation:
  • If Bull & Bear is a sell order: order to cut loss will be a buy order => (Order price + Loss step + Spread) =< Ceiling price
  • If Bull & Bear is a buy order: order to cut loss will be a sell order => (Order price – Loss Step – Spread) >= Floor price

Application:

  • Open new position
  • Lock in gains automatically with good price
  • Limit losses in case price fluctuates with bad direction

Example: Customers want to open new Long position at the average buying price 950, expect to lock in gains with profit step is 5 points and loss step is 6 points compared with the order price à Customer will place a buy Bull & Bear order with the following information: order price is 950, profit step is 5 and loss step is 6; spread is 0.2. Therefore, Bull & Bear will contain 4 types of price: Order price to open new position 950, Profit price 955 (= 950 + 5), Loss price (Price to activate cut loss order) 944 (= 950 – 6), Loss price adjusted following the spread value 943.8 (=944 - 0.2).

Accordingly, in customers’ order status, Bull &Bear order will be displayed as follows:

- (1) A buy Bull &Bear order with order price 950, status “Open” (Order is waiting to be matched)
- After order (1) is fully matched, the system will generate (2) a sell OCO order to take profit with the price 955
  • If the market price increases >= profit price 955, order to take profit (2) will be matched.
  • If the market price decreases <= price to activate cut loss order  944, a sell OCO order (2) to take profit with price 955, which is waiting to be matched will be automatically modified to cut loss order with the adjusted price 943.8
  • If the market price increases to 955 and take profit order has been only partially matched. After that, the market price decreases to 944, the unmatched amount of the sell OCO order (2) to take profit with price 955 will be modified to cut loss order with the adjusted price 943.8.

The steps to place order are as follows:

Step 1: Customers click on the menu ”Trading” and choose “Place order” or click on the button “Place order” at the bottom right of any screen. 

Step 2: Fill in the blanks with order information

- Customer enters information of order including: Quantity and Order Price (must be limited price).
- Setup conditions for OCO order:
  • Click on the checkbox “ Stop/Trigger” à Choose “Bull &Bear”
  • Enter the loss step, profit step and spread
- Enter PIN code/Token à Click on “Buy” or “Sell”. The system will display order confirmation popup.

Step 3: Order confirmation pop up:

  • Click on “Confirm” button to complete placing the order. The system will display the notification “Your order has been received. Please view the order status”. Customers can check status at the quick order status or click “order status” to view more details.
  • Or you can click on “Close” for not placing order and close the place order form

Note: After Bull & Bear order is fully matched, the system will automatically generate a new OCO order, customer can check information of OCO order generated from which Bull & Bear order via the original ID column in the Order status screen.

Customers can amend quantity and price of unmatched or partiall matched conditional orders. Note: In case you want to amend the quanity, you are allowed to decrease quantity only.

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