Smart Execution Training

1. How to install and launch the terminal?

  • Download the terminal using the link given below and install it on your desktop/laptop (It will work only on windows). -
  • If there is a pop up of MPIC error just click on ok 3-4 times it will disappear
  • Fill your credentials on the login window
  • After entering the login id and password it will ask for your pan number or date of birth (As it will be mentioned there clearly).
  • You must enter your PAN Card in Small case.
  • The first window that appears after login into the terminal is to set the group setting - just create a new group with any name and save it.                                     

2. How to set market watch?

  • When you save a particular group in the group setting, on the initial stage it will create a new watchlist on the terminal with the same name you entered.
  • On the left bottom of the window, you will see the watchlist.
  • You can add a new watchlist by clicking on the "+" button just next to your watchlist.
  • By right-clicking on the watchlist name, you will get a few options, from where you can make changes to your watchlist.
  • On the top left corner of the window, there is a scrip bar. Just below the scrip bar, there are few dropdowns, from where you can select particular scrip by selecting exchange type, instrument name, symbol and then click on add. The scrip will be added to the group.
  • You can also update your market watch by adding scrip in the market watch window or by adding in group settings window, in that particular group and click on update groups.
  • Right-click on market watch profile header and select from the drop-down list which includes ( Select reposition columns for repositioning the column):
        3. How to initiate and close a trade?
  • F1 Is the key assigned to open the buy order entry And F2 for sell order Entry
  • In both the entry, Select exchange segment, order type, symbol, quantity, price etc. as per your trade.
  • Segments are diversified in such a manner. 
NSE & BSE - For Equity segment
NFO & BFO - For Future and options
CDS - For Currency

  • Instrument Name: - Need to select in which segment of the exchange you want to trade like Option Index (OPDIDX) etc. 
  • Symbol:- Need to select the symbol in which you want to trade. 
  • Qty: -Need to specify the number of scrips

  • Order Types are:-

Limit - To set your own price for the trade.

Market - To trade the scrip on Market Price.

S/L - For Placing a stop-loss order.

  • Product Types are:-

CNC - for Delivery basis equity trade.

MIS - For all intraday trades.

NRML - For Future and options and If traded in equity will be converted into delivery if not squared off in the market hours.

  • Validity are: - 

1. Day: This order will be valid for the whole day. 

2. IOC: This order is for immediate execution otherwise it will be automatically cancelled.

4. Where to view our placed orders? 

Order Book:-

Placed orders can be viewed in order book, which is invoked through F3. The Order Book is divided into two frames: 

  • Open orders:- shows all the unexecuted orders.
  • Completed orders:- shows all executed orders-Traded, Cancelled, Rejected. 
Click On the modify or cancel options respectively to modify or cancel any open order present in the order book. You can cancel all open orders at one go through Cancel All option.


All placed orders which have been traded can be seen in trade book dialogue. Short cut to invoke trade book is F8

Net Position:- 

To Square-off:- Tick On Square-off Exact Qty to square-off for a particular position quantity-wise. If you want to square-off the % of the total number of invested shares then uncheck the box and write the % of the total invested shares you want to squared off. After writing click on the square-off option.

To Convert:- Select a position from the list and click on the Position Conversion option.

5.  Bid-ask spread:- 

Press F6 to open snap Quote of any particular scrip. 

The left-hand side tile which is in blue colour shows the best buyers in the market in the following order (User Numbers, Quantity and Price).

The right-hand side tile which is in red colour shows the best sellers in the market in in the following order (Price, Quantity and User Numbers).

This window shows Complete Information about the stocks on real-time basis.

6. How to check limits and holding:- 

To check the funds available in the terminal click on “View Order / Trade Report” in the menu option available on top and select “View RMS Limits”.

This shall open a new window where the funds available can be viewed. One can also invoke the RMS limits option by pressing the short cut key – In the RMS Limits window, click on “Show All Clients” on the top left and then double click on your Client ID. This shall display the limits available on the right window.

The next title “Cash Margin Available” is the margin amount available at the beginning of the day excluding any carry forward positions. The amount transferred during the day can be seen in the “Pay In Amount” option. Margin Used is the total amount already utilized for intraday as well as carry forward trades.

The Current Margin available is the total of Cash Margin Available + Payin Amount – Margin Used + Collateral Value

Note: - From the same Window you can check your holdings also.

7. Best Execution practices to trade in Pair -


Execution plays an important role in market-neutral strategies, especially in pair trade. 

One must know, how the execution of securities should be done so that a lot of trading costs can be saved in the market.

For a pair trade to be done effectively, The trader must understand that he shall be placing both the order as best bidder and chase the prices until one of the securities get executed other one must be taken on the market price so that there will be no gap in the trading time.

Kundan Kishore