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USER’S MANUAL

 

In order to place orders for Auctions, Tenders and Exchange in Open markets you have to submit your registration to comdaq administration. You have to accept our terms and conditions, and provide us with your contact information and select a user name and so on. Also during the registration you have to select the commodities for which you want to trade. There are two types one is preferred commodity that means the default commodity for you want to register and other Non preferred commodity, the commodities other then the preferred commodity you're interested in trading. The Comdaq administrators will then make an approval, which will not take more than one working day. Once this has been completed, you can enter the system by typing your user name and password in the login screen.

Successful login will take you to the commodity, which you have preferred during the registration. You can see the different options in the side menu on the left hand side, at the bottom of which contains three options

          Comdaq Exchange

          Comdaq Auctions

          Comdaq Tenders

 

Comdaq Exchange: -

          This part contains the list of all commodities. The commodities for which you have been registered and approved are shown in blue background. The commodities, which you have registered and still not approved, are shown in gray background. The commodities for which you have not registered are shown in orange background’s can register for nonregistered commodities by clicking on the particular commodity.

 

Comdaq Auctions: -

          This part contains one option named "Central Auctions" from which u can create auctions for the commodities for which you have been approved. The remaining list contains the commodities from where you can create auctions for that particular commodity only.

 

Comdaq Tenders: -

          This part contains one option named "Central Tenders" from which you can create Tenders for the commodities for which you have been approved. The remaining list contains the commodities from where you can create Tenders for that particular commodity only.

 

You can switch from one commodity to other by clicking on the particular commodity, after clicking that will take you the site of that commodity.

 

 

 

 

Text Box: COMDAQ AUCTIONS/ TENDERS
 

 

 

 

 


          After clicking on the commodity in the comdaq auctions list, it will take you to the open markets site where you can put and trade on auctions for that commodity.

You can post your orders for the particular commodity by clicking on that commodity or can post orders for more than one commodity by clicking on the Central Auctions option from the side menu.

 

Central Auctions: - through this option you can place auctions for more than one commodity.

Normal (CommodityName) Auctions: - through this option you can place auctions for commodity in which you have currently logged in

 

Entering a Buy or Sell  Order into the System

Trade Entry

 

Central Auctions

You can place an order on the system by clicking Create Auction Entry on the left menu, which will take you to the auction entry page. You can place an order for the specific commodity by selecting it from the list that contains the commodities for which u have registered and approved. The Auction entry page itself is designed to make entering the details of the order as simple as possible. When you are happy that the details are correct, you should click preview. This will bring up the order preview screen where you may further check the details are correct. If you find something you wish to change, you may do so by clicking edit. If you are happy with the details, you may hit submit and the order will be saved to the market.

 

Normal Auctions (creates auctions for the commodity in which u have currently logged in)

Clicking Create Auction Entry on the left menu may place an order on the system for that commodity. The Auction entry page itself is designed to make entering the details of the order as simple as possible. When you are happy that the details are correct, you should click preview. This will bring up the order preview screen where you may further check the details are correct. If you find something you wish to change, you may do so by clicking edit. If you are happy with the details, you may hit submit and the order will be saved to the market.

 

 

Sending, Receiving and replying Negotiations

 

Open Auction           

            Central Auctions

            At this page u can see list of valid orders (the orders whose validity has not expired) placed by the other parties, also your orders and the orders on which the negotiation is going on for all commodities.

 

Normal Auctions (creates auctions for the commodity in which u have currently logged in)

          At this page u can see list of valid orders (the orders whose validity has not expired) placed by the other parties, also your orders and the orders on which the negotiation is going on for that particular commodity.

 

The color in which the orders will appear is as follows: --

          1) Dark RED 

The orders placed by counterparties.

2) Pale RED 

a)     When it is your order.

b)     When someone belonging to your company puts in the order.

c)     When the Originator’s company has not selected your Company.

3) Orange

When the order is under negotiation.

 

You can start negotiations for the orders which are placed by the parties whom u have selected as your counterparties and the counterparties that have selected u as their counter party in the counter party selection process. You cannot negotiate on the orders of those parties whom you have not selected as your counterparties and vice versa, by clicking on the Ref. Id link which will take you to the preview page and by clicking on the “NEGOTIATE” button you can the negotiation. You can directly accept the order if you found the order posted by counter party meets your requirement by clicking on the “ACCEPT” button on the preview page.  To start negotiation on such orders you have to select them as your counterparties for selection process go to Counter Party Selection tab in the side menu.

 

Negotiating an order

          If you are not satisfied with any of the terms and conditions of an order, you may click on the ‘negotiate’ button from the preview page, which takes you to the negotiation screens. On the initial negotiation, you will view the counter-party’s order on the left of your screen, and you may make alterations to the terms and conditions on the right of the screen.

The opposite party is informed when it is his turn to negotiate via the on-screen messaging, and via email. 

The negotiation screens may be reached by by entering “my portfolio” and clicking on the green ball.

 

Receiving a Negotiation

The negotiation screens may be reached either by clicking the hyper-link in the on-screen messaging, or by entering “my portfolio” and clicking on the flashing green ball.

          Any field which differs from your most recent offer or bid, will be highlighted in orange. The trader is informed when it is his turn to negotiate via the on-screen messaging, and via email. In addition, a flashing green id number in open bids and offers indicates a pending negotiation round.

            All bids and offers are deemed to be firm up to the validity defined by the trader. Once one party is happy with the order, he may click “accept offer / bid” when it is his turn to negotiate. The contract generation then proceeds as described above.

 

Some Notes on Negotiations

Comdaq is a browser based trading system, which means that no code is required to be copied onto the user’s hard-drive. However, this does mean that the system relies on the refresh function of Internet Explorer to update information. The main screens refresh every 30 seconds, while the messaging is checked more often. Since there is a slight delay between a trader clicking submit, and the refreshing of the screen of other traders, there is a chance that another trader may try to enter negotiations in an order which has already been booked or entered negotiation elsewhere. In this eventuality, the trader will receive a warning message that this is the case.

 

Managing your Current and Expired Orders

 

My Portfolio

          This page also lists the valid orders placed by you on the system and the orders on which the negotiation is going on. You can do the subsequent negotiations from this page by clicking on the ball link which appears at the end of each order for which the negotiations is going on. You can delete your orders through this page by selecting the orders and then clicking on the “DELETE” button.

          In case of orders on which the negotiation is going on, if it is your order then you can either accept the counter order or can reject the counter order placed by the counter party by clicking on the Ball.

          If you have negotiated on the orders placed by other parties then you can view the negotiations history by clicking on the Ball.

 

 

Edit Auctions

      This page also lists the valid orders placed by you on the system. You may alter the terms and conditions of any order, which is not currently under negotiation, or extend the validity of a current order by entering the “edit orders” section. You should click on the reference number on the far left of the order, and make any alterations in the trade entry-type screen, which appears.

 

 

Renew Expired Auctions

            Orders, which have expired, are stored in this section. You may re-new these orders and change any terms and conditions by clicking on the reference number on the far left. This will bring up a trade entry-type screen, which you must verify before submitting.

 

           

Managing your Contracts

 

My Trades

      This page lists your completed contracts. You can view the details of the contract by clicking on the contract number on the far left. Bids will appear in dark red color while Offers will appear in dark Blue color. You can place the order having the same details as that of contract by clicking on the Image link, which appears on the left side of each contract.  If you have not entered any reference number while accepting the contract then Ball image will appear at the end of that contact listing, by clicking on that Ball you put your reference number.

 

Recent Trades

          This page lists all the completed contracts on the system.

           

 

Managing Your Templates

 

Create Auction Templates

                  Central Auctions

                        You can place an auction template for the particular commodity by selecting it from the list, which appears in the auction entry page.

              Normal Auctions

                        You can place an auction template for the commodity in which you have currently logged in.

 

Auction Templates

                    This page lists the auction templates placed by you on the system. You can convert theses templates into valid orders by clicking on the reference number, which will take you to the auction entry page.

               

 

 

Text Box: COMDAQ EXCHANGE
 

 

 


Entering a Buy or Sell Order into the System

 

Trade Entry

Clicking Create trade Entry on the left menu or clicking Exchange Trade Entry on the trading page may place an order on the system for that commodity. The Auction entry page itself is designed to make entering the details of the Bid/Sell order. When you are satisfy that the details filled are correct, click “PREVIEW” button. This will bring up the order preview screen where you may further check the details you have entered are correct. If you find something you wish to change, you may do so by clicking “EDIT” button. If you are happy with the details, you may hit “SAVE” button and the order will be saved to the market.

 

 

Sending, Receiving and replying Negotiations

 

Offers will have a Red color while Bids will have a Blue Color

 

Open Auction           

          At this page you can see list of valid orders (the orders whose validity has not expired) placed by the other parties, orders that you have posted on the system and the orders on which the negotiation is going on.

The color in which the orders will appear is as follows: -

1) Dark RED / Dark BLUE

                   The orders placed by other parties.

2) Pale RED / Pale BLUE

a)     When it is your order.

b)     When someone belonging to your company puts in the order.

c)     When the Originator’s company has not selected your company.

3) Orange

When the order is under negotiation.

 

First time negotiations are possible through this page, subsequent negotiations can be done through the portfolio page. You can start negotiations only for those orders, which are placed by the parties whom you have selected as your counterparties and vice versa. You cannot negotiate on the orders of those parties whom you have not selected as your counterparties and vice versa.

You can see the details of the particular order by clicking on the Reference number on the left side.

 

                                               

Negotiating an order

You can start negotiation for the orders that are placed by other parties by clicking on the reference number through the Open Offers page only first negotiation is possible through this page subsequent negotiations can be done through the Portfolio page.

 

·         Criteria for first negotiation

 

Clicking on the reference number on the left will take you to the preview page where you can see the details of the order placed. 

1) In the preview page, if you found that the details of that order matches your requirements then you can directly accept that order by clicking “ACCEPT” button. If you are not satisfied with any of the terms and conditions of an order then you can send counter order to the counter party by clicking on the “NEGOTIATE” button.

2) Click on the “ACCEPT” button will take you to the accept preview page where you have to enter the reference number for that accept order. Then “ACCEPT” button on the accept preview page, after clicking the button the Contract will be generated containing the details of order and the details of Buyer and Seller.

3) Click on the “NEGOTIATE” button will take you to the negotiation screens. On the initial negotiation, you will view the counter-party’s order on the left of your screen, and you may make alterations to the terms and conditions on the right of the screen. On the negotiation screen also you accept the order. After making alterations click the “PREVIEW” button, which will take you to the negotiations preview page.

4) On the Negotiations Preview page you will find four options Edit, Save, Accept and Cancel. After making alterations still you find that the details of that order matches your requirements then you can accept that order by clicking on the “ACCEPT” button.  If you find something you wish to change, you may do so by clicking “EDIT” button. If you are happy with the details, you may hit “SAVE” button and the counter order will be send to the counter party.

The Counter (opposite) party is informed when it is his turn to negotiate via the on-screen messaging, and via email. 

 

·         Criteria for Subsequent negotiations

 

          Subsequent negotiations can be done through the Portfolio page.

To go the negotiations screen click the Ball link.

1)     If it is your order and it is not your turn to negotiate then after clicking the Ball link will take you to the page where you can view the history of negotiations done on that order.

2)     If it is your order and it is your turn to negotiate

a)     If there is only one counter order then clicking on the Ball will take you            directly to the negotiations screen. You will view the counter-party’s order on the left of your screen, and you may make alterations to the terms and conditions on the right of the screen. Then step 2 or 3 of the first negotiations will follow.

b)     If there are more than one counter orders then clicking on the Ball will take you to the comparative view page where you can see the all counter orders send to you by counter parties. If you found that the details of the counter order matches your requirements then you can directly accept that order by clicking “ACCEPT” button. Then Step 2 will follow.

c)     If you want to stop negotiations for particular order then you can stop it by going into the negotiations page where you can have an “STOP” button. If you are not satisfied with any of the terms and conditions of an counter order, then you can send counter order by clicking the “NEGOTIATE” button, which will take you to the negotiations screen,

Then steps 3, 4 will follow

d)     If you have already send an counter order and the counter party has still not responded to it then you can see a link ”Click here to see the negotiations history” will appear for that order which will take you to the page where you can see the list of negotiations history for that order.

 

 

Receiving a Negotiation

Entering “my portfolio” page and clicking on the green ball may reach the negotiation screens if there is only one counter order. If there are more than one counter orders then clicking on the green ball may reach the comparative negotiations screen where you can see the counter orders sent to you by the other parties, from this screen you can either Negotiate, Accept or Reject the counter order.

          Any field which differs from your most recent offer or bid, will be highlighted in Gray. The party is informed when it is his turn to negotiate via the on-screen messaging, and via email.

            All bids and offers are deemed to be firm up to the validity defined by the trader. Once one party is happy with the order, he may click “accept offer / bid” when it is his turn to negotiate. The contract generation then proceeds as described above.

 

Some Notes on Negotiations

Comdaq is a browser based trading system, which means that no code is required to be copied onto the user’s hard-drive. However, this does mean that the system relies on the refresh function of Internet Explorer to update information. The main screens refresh every 30 seconds, while the messaging is checked more often. Since there is a slight delay between a trader clicking submit, and the refreshing of the screen of other traders, there is a chance that another trader may try to enter negotiations in an order which has already been booked or entered negotiation elsewhere. In this eventuality, the trader will receive a warning message that this is the case.

 

Managing your Current and Expired Orders

 

My Portfolio

          This page also lists the valid orders placed by you on the system and the orders on which the negotiation is going on. You can do the subsequent negotiations from this page by clicking on the ball link which appears at the end of each order for which the negotiations is going on.

You can delete your existing orders that are not under negotiation through this page by selecting the orders and then clicking on the “DELETE” button.

           

 

Edit Offers

      This page also lists the valid orders placed by you on the system. You may alter the terms and conditions of any order, which is not currently under negotiation, or extend the validity of a current order by entering the “edit orders” section. You should click on the reference number on the far left of the order, and make any alterations in the trade entry-type screen, which appears.

 

 

Renew Expired Offers

            Orders, which have expired, are stored in this section. You may re-new these orders and change any terms and conditions by clicking on the reference number on the far left. This will bring up a trade entry-type screen, which you must verify before submitting.

 

Managing your Contracts

 

My Trades

      This page lists your completed contracts. You can view the details of the contract by clicking on the contract number on the far left. Bids will appear in dark red color while Offers will appear in dark Blue color. You can place the order having the same details as that of contract by clicking on the Image link, which appears on the left side of each contract.  If you have not entered any reference number while accepting the contract then Ball image will appear at the end of that contact listing, by clicking on that Ball you put your reference number.

 

Recent Trades

          This page lists all the completed contracts on the system.

           

 

Managing Your Templates

 

Create Trade Templates

      You can place an Exchange template for the commodity in which you have currently logged in.

 

Trade Templates

                    This page lists the Exchange templates placed by you on the system. You can convert theses templates into valid orders by clicking on the reference number, which will take you to the Exchange entry page.

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