Gill Trade is a mobile trading terminal provided by Gill Broking Pvt. Ltd. for its clients for MCX transactions. Download Free Mobile Trading App: Trade in the online commodity market on the go with Gill Broking mobile trading app. Stay on top of the commodity market.
Welcome to Gill Trade Mobile Trading Terminal, which is designed to provide you with complete control to trade online in commodities.
Gill Trade an innovative Mobile based application with several unmatched features. This manual is designed to give you an overview of all those features and help you understand and use each one of them.
A Gill Trade adding new features to the applications a regular process. The latest electronic version will be kept updated with all the new features.
2) Using Gill Trade
To sign-in to Gill Trade Trading application
If the User ID or Password entered by you is not valid then you will receive a message stating the same.
If the PAN number entered by you is not valid then you will receive a message stating the same.
If you enter a wrong password for more than three consecutive times, then your account will be locked. You can contact the Broker’s help desk to get your account unlocked or request for a fresh password.
To Sign Out, press the Menu button at the top right of the screen, choose ‘Security’ option. Press ‘Yes*’ button to clear the login details. This prompts you to confirm the action.
On confirmation, the application clears the saved details and user has to enter the details again to log in. The application will still be running.
Changing your Login Password
At times you may want to change your password, to a more secure one.
Please note that passwords are case sensitive. Also, log in Passwords can be reused only after a cycle of 8 times. In other words, you cannot change your login password to your last 8 used passwords.
Please ensure that your password
Your password can contain special characters like '~*/\:^#@' etc
To change your password, you can access the Change Password Form from the main menu. On the form perform the following:
If the password is changed successfully on the Server you will get a success notification. If you wish to abort your Change Password attempt at any time you may tap on ‘Cancel’ button (before you tap on Submit button).
Market Watch window is the primary window from which you can perform all your Trading activities. This window will provide you with real-time tick-by-tick rates of security pre-selected by you to the Market Watch window.
This window gives a tabular representation of the current market position for the selected security. Each security makes up a row of data that displays the equity symbol, current rate and change in price in percent.
You can add security to the group created in the Market Watch window by tapping on the + icon at the right bottom of the screen. Select the Exchange, enter at least 2 chars of the Symbol and tap on the “Search” button to search for scrips starting with those 2 chars. Select the required script from the list to add to a group created in Market Watch.
You can Buy or Sell (place orders) by tapping a row in the Market Watch window, which will lead you to Market Depth from where you can access the Buy/ Sell window.
a) Symbol: Every symbol can be segregated into 2 parts using “-“ as a separator:
Following additional columns can be shown in market watch window by selecting from Columns menu
b) Bid Qty and Bid Rate: The best Buy (Bid) Quantity and Rate at the touchline
c) High: The highest rate at which the security was traded during the day
d) Low: The lowest rate at which the security was traded during the day
Placing Orders (Buy/Sell)
To place a new order; select the symbol from the Market Watch window by tapping on it:
A) Once the user taps anywhere on a Row in Market Watch, the Market Depth for that particular Scrip will be shown.
If the user taps on either Buy or Sell button, the user is asked to enter the transaction password. The transaction password window pops up as shown below:
User has to enter Transaction password again, on expiry of a session. Session expires after inactivity for a period of time as defined in ‘Security’ option.
If, the user taps on Buy Button:
If, the user taps on Sell Button:
In the Order, window enter Quantity and Limit Price at which you wish to place the order with the Exchange. Quantity by default will be as per settings defined in Order Preferences.
If the user wishes to place a Market order, he/she can do so by selecting the “Market” option in the dropdown box. For placing IOC orders ensure that IOC option is checked.
Once, the details have been entered, you can tap the ‘Place Buy Order’/’ Place Sell Order’ button. You will be asked to confirm your order. To confirm the order you can tap on the ‘Yes’ button. To go back, on the order entry screen tap on ‘No’ button.
Once an order has been sent to the Exchange, Exchange will either accept or reject or freeze the order. This message will be processed by Server and sent back to the client. Exchange acceptance or rejection message will be displayed in the Messages window as shown below.
Risk Management System (RMS) has the overall objective of minimizing risk arising out of market exposures of a client, without unduly restricting his ability to take exposure in the market.
For Internet-based trading solutions (Exe, Browser and Mobile) RMS is a core system, as entire net-based interface requires on-line verification of client orders before they can be released to the exchange trading system.
“Gill Trade” RMS consists of:
A designated Risk Manager will be responsible for implementation and monitoring Risk.
Inputs to Day-end RMS
These inputs specify the extent of the clients’ credit standing with the Member, which in turn affects the maximum market exposure allowable to the client, as decided by the policies defined in the RMS.
The output of the Day-end RMS
The output of the day-end RMS process is a Trading Limit for each client, calculated by the system based on inputs listed above and the product rules.
Orders placed by Clients’ online are submitted to the online RMS system for approval as soon as the server receives the order from Client Terminal. Only those orders that are approved by the RMS system are sent to the Exchange. The orders that are rejected by RMS are sent back to the customer with the appropriate error message.
When a client places an Order, it will be checked for availability of adequate margin. The Order Request packet will be passed to RMS.DLL that will return a structure containing Broker OrderID, Status and Reason. If adequate margin is available Status will be 0 and Reason will have ‘Order passed by RMS’, else an appropriate error code and the associated Error Message will be returned.
List of checks conducted by RMS Engine on every order
a) Does Customer have Trading rights?
b) Are the Order Price and Trigger Price within Daily Price Range?
c) If current order is a Buy order then is the value of all Buy Orders for the Member (both traded and pending) along with current Buy Order within prescribed Buy Limit for the Member?
d) If current order is a Sell order then is the value of all Sell Orders for the Member (both traded and pending) along with current Sell Order within prescribed Sell Limit for the Member?
e) Is the Net Exposure including current order within the prescribed limit for Net Exposure for the Member?
f) Is the Quantity of Current Order within prescribed Quantity limit for the Security?
g) If the current order is a Buy order then is the Quantity within prescribed Buy Quantity limit for the Security?
h) If the current order is a Sell order then is the Quantity within prescribed Sell Quantity limit for the Security?
i) Is the Net Quantity including the current order within prescribed Net Quantity limit for the Security?
j) Is the Value of Current Order within prescribed Value limit for the Security?
k) If the current order is a Buy order then is the Value within prescribed Buy Value limit for the Security?
l) If the current order is a Sell order then is the Value within prescribed Sell Value limit for the Security?
m) Is the Net Value including the current order within prescribed Net Value limit for the Security?
n) Is the value of current order within prescribed Transaction Limit for the client?
o) If current order is a Buy order then is the value of all Buy Orders (both traded and pending) along with current Buy Order within prescribed Buy Limit for the client?
p) If current order is a Sell order then is the value of all Sell Orders (both traded and pending) along with current Sell Order within prescribed Sell Limit for the client?
q) Is the Net Exposure including current order within the prescribed limit for Net Exposure for the client?
r) Is the Value of all orders including the current order within prescribed Turnover Limit for the client?
s) Is the current order within Market Wide Position Limit set for Client as well as Member?
t) Will this Order result in Self Trade?
u) Is this Security Allowed for Trading?
v) Finally, will the execution of this order result in an increase in the Portfolio SPAN, Exposure, Additional, Special and Tender Margin, and whether such increase is within the prescribed Trading Limit set for the Client?
Order Book contains all orders placed for a given client. This window can be invoked by accessing the Order Book option from Reports on the main screen. Orders placed in exchange is shown in the same book.
One Row or line of data in the Order Book represents one order placed by you and will show details such as security name, quantity, price, broker order ID, the current status of the order
An order goes through the following stages
a) Order is prepared by the user and confirmed
b) Order packet is created and sent to Broker Status: ‘Sent to Broker’
c) Order is checked by RMS & accepted/ rejected Status: ‘Accepted by RMS’ or ‘Rejected by RMS’
d) RMS accepted orders are sent to Exchange Status: ‘Sent to Exchange’
e) The order may be accepted, frozen or rejected by Status: ‘Pending’ or ‘Rejected by Exchange ‘Exchange’ or ‘Frozen’
f) Order gets Traded – Partly or Fully Status: ‘Partly Executed’ or ‘Fully Executed’
Cancelling an Order
To Cancel a pending or partly executed order, you have to select the Order from the Order Book and tap on the Cancel button. This will ask for a confirmation and after confirmation, the Order will be sent to Exchange.
All pending orders can be cancelled at one go by tapping on the ‘Cancel All’ button. This will open a window asking for confirmation and on the confirmation the orders will be sent to Exchange.
Modifying an Order
To modify a pending order, you have to select the order from Order Book and tap on Modify button. This will open the Market Depth page for the scrip with the Order Entry section. User can modify the quantity, rate, validity (IOC), stop loss etc and tap on ‘Modify Buy Order’ or ‘Modify Sell Order’. This will ask for confirmation and after confirmation, the modified Order will be sent to Exchange.
Trade Book contains a list of all the Trades. One order can get executed in several small trades. Trade Book lists each and every one of these trades.
Net Position Report
Net Position Report shows the net bought/ sold a position in a security. As soon as Trade Confirmation is received Net Position report is updated with the recent position. Also, the current rate is updated in the report and Marked-to-Market profit/loss is computed and shown.
Margin Report displays information on margin availability and margin utilization.
Market Depth window can be accessed from the Market Watch by tapping on a particular security.
Watches window can be accessed from the Watches option on the main screen.
The user can select particular option from the spinner and according to the selected option, security/contracts are displayed. Each security/contract makes up a row of data that displays the symbol, Current price, Change in Price in percent.
Following options are available on the burger menu in the main screen and can be accessed by tapping on Menu icon on the top right of the main screen.
You can add the user-defined group to the Market Watch by selecting ‘Add Group’ from the drop-down selection on your Market Watch window. This group can be used to save the commodity list of all the symbols that you wish to see on a regular basis.
You can delete the user-defined group from the Market Watch window by tapping the burger menu button on the top right corner and selecting the “Groups” option. Once you tap on the cross option then the alert dialog is open which is to ensure that do you really want to delete this group or not. Once you tap on yes the group is deleted.
Order Preferences window can be accessed from the menu on the main screen.
Columns window can be accessed from the Columns option of the settings screen.
The user can select all the columns that he/she wishes to view in the Market Watch screen. The user is also allowed to re-order the sequence of these columns according to his/her will.
The display window can be accessed from the Display option of the settings screen.
User can change the entire application’s text size by selecting a small, medium, large.
If user deselects groups and watches option then the respective screens are removed from the main screen. By default, these options are checked.
Security window can be accessed from the Security option in the menu.
By default, when the user does not interact with the application for more than 15 minutes, the session is expired, the user has to re-launch the application and the user has to re-enter trade password. The user can change the timeout threshold by selecting a minute from the dropdown selection. When the session expires the following message is displayed.
There’s no need to go to the browser to access exchange website links. The user just needs to tap on the relevant option and it will take him/her to that link.
Gill Trade Application Link