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Trading & Surveillance

Trading

Trading Sessions

Trading Sessions
Monday To Friday
Agri Commodities09:00 A.M. to 5:00 P.M.
Non-Agri Commodities09:00 A.M. to 11:30 P.M./11:55 P.M.
(Up to 11:55 P.M. on account of day light savings typically from November to March)

Trading System

Order Type

  • Market Order

    A market order is a buy or sell order to be executed immediately at current market prices.

  • Limit Order

    A limit order is a buy or sell order placed to execute a transaction only at a specified price.

  • Stop Order

    It is a market order to buy or sell a certain quantity when a specified price (the stop price) is reached, either above (on a buy) or below (on a sell) the price that prevailed when the order was given.

  • Stop Limit Order

    An order to buy or sell a certain quantity at a specified price or better, but only after a specified price has been reached. A stop-limit order is essentially a combination of a stop order and a limit order.

Order Validity

  • Day Validity

    An order with a Day validity remains valid until the end of the Trading Day during which it has been entered.

  • GTD (Good-Till-Date) Validity

    A GTD order remains valid until the close of business on the validity date that is specified when the order is entered.

  • GTC (Good-Till-Cancelled) Validity

    A Good Till Cancelled order remains active until the broker decides to cancel it or the order is fully executed or until the expiry of the respective contract in which it is entered.

  • IOC (Immediate or Cancel) Validity

    An order combined with the IOC validity is immediately executed for all possible quantity on the opposite side and the remaining quantity if any, will be automatically cancelled by the system.

Margins

ICEX follows VaR (Value at Risk) methodology for initial margin calculation. The Initial Margin requirement shall be based on a worst case loss of a portfolio of an individual client across various scenarios of price changes. The various scenarios of price changes would be so computed so as to cover a 99% VaR over a one day horizon. Daily volatility of the futures prices is considered for the computation of VaR. Volatility is estimated using Exponentially Weighted Moving Average (EWMA) Method. The standard deviation shall be set as the volatility estimate at the beginning.

In addition to initial margin, additional margin, regulatory margin and long margin / short margin may be levied and changed time-to-time under the guidelines of SEBI. Levy of margins shall be intimated to the members through the circulars. Tender period and delivery period margin shall also be applicable during tender period and delivery period of the contracts.

All margins shall be collected upfront from the members. Margins shall be computed on gross positions of the clients i.e. no netting on margins for opposite positions across clients.

Trading Related Documents

TWS Users

  • Application for New User ID Creation
  • Application For Change Of User Name
  • Application For Enablement Of ProTrade
  • Application for Unlock Reset Password
  • Application for Cancellation of User Dealer ID
  • Application for Cancellation of Orders
  • Application for Change in Single Order Limit
  • Application for Submission of Orders

CTCL Users

    No Data

Trading Holidays

Holidays List for the Calendar Year 2019

Sr.No.HolidaysDateDayMorning Session (09.00A.M. to 5.00 P.M.)Evening Session *(5.00 P.M. to 11.30/11.55 P.M.)
1New Year Day 01-Jan-19 TuesdayOpenClosed
2Mahashivratri04-Mar-19Monday ClosedOpen
3Holi (2nd day) 21-Mar-19 Thursday ClosedOpen
4Mahavir Jayanti17-Apr-19 WednesdayClosedOpen
5Good Friday19-Apr-19FridayClosedClosed
6Maharashtra Day 01-May-19WednesdayClosedOpen
7Eid-Ul-Fitr(Ramzan Eid) 05-Jun-19 WednesdayClosedOpen
8Eid-Ul-Adha(Bakri Eid) 12-Aug-19MondayClosedOpen
9Independence Day 15-Aug-19ThursdayClosedClosed
10Ganesh Chaturthi02-Sep-19MondayClosedOpen
11Moharram10-Sep-19 TuesdayClosedOpen
12Gandhi Jayanti02-Oct-19 WednesdayClosedClosed
13Dassera08-Oct-19TuesdayClosedOpen
14Diwali - Balipratipada28-Oct-19 MondayClosedOpen
15Guru Nanak Jayanti12-Nov-19TuesdayClosedOpen
16Christmas25-Dec-19WednesdayClosedClosed

Note: Current Trade Timings:

  1. Morning Session: 9:00 AM to 5:00 PM

  2. Evening Session: 5:00 PM to 11:30 PM / 11:55 PM and 5:00 PM to 9:00 PM for Internationally linked agricultural commodities.

Following Holidays Fall on Saturdays/Sundays:

Sr.No. Holidays Date Day
1 Republic Day 26-Jan-19 Saturday
2 Ram Navmi 13-Apr-19 Saturday
3 Dr. Ambedkar Jayanti 14-Apr-19 Sunday
4 Diwali (Laxmi Pujan) ** 27-Oct-19 Sunday

** Timings for the Muhurat trading shall be notified by the Exchange subsequently.

Contact Details

Tel No.: 022-40381500/1548/1549/1550

Fax No.: 022-40381513

E-mail ID: tns@icexindia.com

Surveillance

Market Surveillance is monitoring of market functioning and trades on Real time basis. The surveillance system is able to detect a wide range of possible market misconduct situations on real-time basis. The exchange monitors trading to prevent manipulation, price distortion and disruptions of trading. This is achieved through the enforcing dynamic and timely regulatory measures and providing alerts in case of unusual trading activity. It ensures the market operates in a fair and orderly manner so as to promote efficient price discovery and traders / investors protection.