Standard Bank Online Share Trading: Placing a Trade, Study Guides, Projects, Research of Banking and Finance

Download Standard Bank Online Share Trading: Placing a Trade and more Study Guides, Projects, Research Banking and Finance in PDF only on Docsity! Standard Bank Online Share Trading How to place a trade: You can place a trade via many places on the website such as 1. quick share box 2. from the portfolio 3. find or trade shares menu 4. anywhere a share price and code is shown (top movers, most active etc) by clicking on the “T” (stands for Trade) under tools. You can also place, cancel or amend a trade by calling into the call centre on 0860 121 161. Example of the share look up box found under “Find or trade shares” menu. Simply enter the stock code of the share that you want to trade (e.g. Dimension Data’s stock code is DDT) or enter the first few letters of a company’s name (e.g. dimension for Dimension Data) and click on the “trade” button. This will bring up the trade page where you can see various data about the stock as well as input your order to buy or sell. See the red boxes for details on each input option. The Trade Page: Select if you want to Buy or sell Enter the Quantity of shares to buy or sell. Note that the website will work out how many you can buy based on the cash you have or how many you can sell based on what you own. Input your logon Password to confirm your trade. This is a security feature. Life of Trade: good for today only or good for a month. After this date the order will automatically expire if it has not matched. Once you have input your order and input your password simply hit the “Trade Button” You can choose to receive an SMS confirmation when your trade matches. Price type. Place the order at market or for a limit. Price warning messages Choose account (if you have more than one account (e.g. a warrants account) Projected costs: This section works out the projected costs of your trade and how much funds you will have left if the trade is completed. Here you can see how much cash you have available to trade with.