Flip facilitates the Foreign Institutional Investors to trade in Indian market. The orders been placed by the institutional clients in Indian exchanges can be viewed by enabling the Institutional Order Book or through The Institutional Workspace.
The care order placed by the FII client will be received at the Flix server and will be routed to the Sales Trader. Sales Trader can either directly route that order to OMS or can forward it to the Sales Dealers. The Trader and Dealer are differentiated with the ID through which the user is Logged In.
FLIP automates order capture, order validation, and order/execution processing, such that a trade goes through its entire lifecycle without manual handling or redundant processing. The key features of flip include the following:
One Touch Order
DMA Order
Care Order
Block Order
Chat Order
Direct Order
Batch Order
Manual fill
Freezing an Order
Manual Slicing
Automatic Slicing
Split Order
Split order facilitates the user to split the orders been placed in large quantity. The user can either split the order directly from the order book or can forward it to the dealers by enabling “forward to” icon in the order book.
The Order splitting can be done either manually or automatically · Manual Slicing
· Automatic Slicing Time Split
In Time Split the order split will be based on the time specified.
Quantity Split
In Quantity Split the order split will be based on the user specified quantity. User could specify Initial order quantity and Quantity variance in both percentage and value basis. Price Split
In Price Split the order split will be based on the user specified price variance. User can specify Initial Order Quantity and Price variance in both percentage and value basis
Price-Quantity Split
In Price-Quantity Split the order split will be based on the user specified price level and quantity. User can specify Initial order quantity, Quantity Variance and Price variance in both percentage and value basis.
