Thanks Ravi
You made it simple and understandable
SM
--- In sharetrading@yahoogroups.com, Ravi Deshpande <saharsh1@...> wrote:
>
> 9/07/10
>
> Dear Moderator & all,
>
> This refers to your mail. I'll try to explain as best I can do!!
>
> There are TWO basic platforms 1) OFF LINE & 2) ON LINE
> 1) Off Line - a) In this, client can place orders on telephone.
> b) He can visit DEALING ROOM of broker, trade from
> his terminal with the help of DEALER.
> (Dealer is a person appointed by broker to
> place order on exchanges). Many times, he is the
> same person attending telephone calls from
> other clients and executing orders.
> 2) On Line - Basically this is Internet based activity. It has also TWO
> variety i) Browser Based & ii) Web Based.
> i) Browser Based - Here one visits web site of Broker, logs in
> using ID and PW. There may be separate
> password for Trading. We ned to get quote, place order and wait
> for confirmation. To know that order is executed or not,
> one has to log in and check. You do not see REAL TIME price variation.
> If speed of browser
> is low in accessing the site of broker, actual price of
> execution may change OR order may not be executed.
> By and large, all brokers started with above all facilities.
> ii) With technology advancement and introduction of broad band,
> users demanded REAL TIME PRICE
> DISPLAY and order placement. All (Majority) brokers had link
> with exchanges for RT display and order
> execution. The dealing room was a part of his own network,
> where RT display and order placement was
> possible. M/s Financial Tech. came out with a solution called
> ODIN (OPEN DEALER INTEGRATED
> NETWORK). Initially it was browser based only. That means, you
> need to access broker's web site, then
> log on. However, with the real time price display of selected
> stocks on screen and order placing link. This
> made work faster. There was limit of number of scrips to display.
> Improvement in ODIN software, by making WEB base SW, it became
> easy to see RT price on user's screen.
> This also removed limit of stocks to display. Here, just click
> of link, you are on the web site of broker. As a matter of
> fact you have almost everything what broker's dealing room had.
>
> In this regard few brokers developed their own platform. India Bull &
> Edelweiss have developed their own platform,
> PIB and Xtreme, respectively.
>
> I had demo of many in Pune. My personal opinion about Edelweiss is that
> it is number one. As a broker service is good, Research support is very
> good.
>
> Ultimately, SERVER, your broker's OR your Internet Service Providor, is
> a key factor of operation.
>
> I hope I could put thing in simple words.
>
> Thanks
>
> Ravi Deshpande
>
Happy Trading,
United we grow!!!
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