By analogy with stores that sell goods in small wholesale, such as METRO C &C, the exchange sells shares in lots formed from several shares or from 1 share. This is the lot. The lot must be taken into account when calculating the bid price, i.e. if the current share price is 11 rubles, and 1 lot consists of 10 shares, then the transaction value will be 11 * 10 = 110 rubles, not 11 rubles.
The exchange works according to the request from the broker, which in turn works according to your request. In the application, you give the broker an order, specify the direction of the transaction “Buy” or “Sell”, the number of lots, the price of the application, a number of conditions for the execution of the application, if necessary. The request is not a transaction until it is executed. The application is made free of charge and can be deleted at any time until it turns into a deal.
There are market orders (executed immediately at the nearest price), conditional orders (executed at the price specified in the order, the price is usually lower than the current one when buying or higher than the current one when selling), conditional orders are stop limit, stop loss, take profit orders (triggered when a certain condition occurs). Let’s look at them in more detail below using the TRANSAQ example. The description is also suitable for Quick software.
Market application. Executed at the market price. In the application window, you specify the “Market” checkbox.
Let’s say you want to buy 1 lot of Sberbank shares at the market price. The application parameters will look like in Fig. 20a.
Let’s say you want to sell 1 lot of Sberbank shares at the market price. The application parameters will look like in Fig. 20b.
Let’s say you want to buy 10 lots of Sberbank shares at the market price, and you only have money for 8, but you want to use leverage. The application parameters will look like in Fig. 20c.
Let’s say you want to sell 5 lots of Sberbank shares at the market price. The application parameters will look like in Fig. 20d.
Let’s say you want to buy 3 lots of Sberbank shares at a price of 125 rubles per share (the current price is 130 rubles). The application parameters will look like in Fig. 20e.
Let’s say you want to buy 10 lots of Sberbank shares at a price of 125 rubles per share (the current price is 130 rubles, there is only 7 lots of your own money). The application parameters will look like in Fig. 20f.
Let’s say you want to sell 5 lots of Sberbank shares available to you at a price of 125 rubles per share (the current price is 120 rubles). The application parameters will look like in Fig. 20i.
Let’s say you have 2 lots of Sberbank shares and you want to sell 5 lots of Sberbank shares (3 in short) at a price of 125 rubles per share (the current price is 120 rubles). The application parameters will look like in Fig. 20j.
Let’s say you bought 7 lots of Sberbank shares at a price of 123 rubles in the hope of growth and you want to sell 7 lots of Sberbank shares on the market if the price falls below 121 rubles per share. The application parameters will look like in Fig. 20k.
Let’s say you bought 7 lots of Sberbank shares at a price of 123 rubles in the hope of growth and you want to sell 7 lots of Sberbank shares at a price of 120 rubles if the price falls below 121 rubles per share. The application parameters will look like in Fig. 20l.
Let’s say you have short-listed 8 lots of Sberbank shares at a price of 123 rubles in the hope of falling and you want to buy 8 lots of Sberbank shares at the market price if the price rises above 125 rubles per share. The application parameters will look like in Fig. 20m.
Let’s say you have shorted 9 lots of Sberbank shares at the price of 123 rubles in the hope of falling and you want to buy 9 lots of Sberbank shares at the price of 125.5 if the price rises above 125 rubles per share. The application parameters will look like in Fig. 20n.
Let’s say you want to buy 30 lots of Sberbank shares at a price of 119 rubles, the current price is 130 rubles, there are 20 lots of your own funds. The application parameters will look like in Fig. 20o.
Let’s say you want to short 30 lots of Sberbank shares at a price of 130 rubles, the current price is 120 rubles. The application parameters will look like in Fig. 20p.
Let’s say you bought 10 lots of Sberbank shares at a price of 120 rubles and want to sell them as much as possible if the price rises above 130 rubles. You assume that when the price reaches, for example, up to 131 rubles, the application should work if the price drops by 0.5% further. If the price falls by, say, 0.2% and continues to grow, then the application will be activated only if somewhere further after the growth there will be a drop of more than 0.5%. The sale will take place on the market. The application parameters will look like in Fig. 20q.
Let’s say you have short-listed 10 lots of Sberbank shares at a price of 130 rubles and now you want to buy them off as cheaply as possible if the price falls below 110 rubles. You assume that when the price reaches, for example, up to 108 rubles, the application should work if the price increases by 0.5% further. If the price rises by, say, 0.2% and then continues to fall, then the application will be activated only if somewhere further after the fall there will be an increase of more than 0.5%. The purchase will take place according to the market. The application parameters will look like in Fig. 20r.
Let’s say you bought 10 shares of Sberbank for 122 rubles. You want to flip the position when the price drops below 120 rubles. To flip means to sell the 10 shares you have and then short another 10 shares. As a result, you will have a short for 10 shares. The application parameters will look like in Fig. 20s.
Let’s say you have short-listed 10 shares of Sberbank at a price of 130 rubles. You want to flip the position if the price goes up above 132 rubles. The application parameters will look like in Fig. 20t.
Let’s say the current price of Sberbank shares is 120 rubles and the price goes down. You don’t have any open positions, you don’t know if the decline will continue, but you would like to buy 12 lots of Sberbank shares as cheaply as possible if the price falls below 101 rubles. The application parameters will look like in Fig. 20u.
Let’s say the current price of Sberbank shares is 120 rubles and the price goes up. You do not have open positions, you do not know whether the growth will continue, but you would like to short 12 lots of Sberbank shares as expensive as possible if the price rises above 130 rubles. The application parameters will look like in Fig. 20v.
Finally, please note that we recommend that you always check the “Use credit” box to exclude the rejection of applications by the broker in some cases. If the amount of your own funds is sufficient, and the operation is not short, then your own funds will be involved without a bank loan.