Contents. 1. Access CFD Account. 7. Place an Order. 2. Change Password. 8. Check Order Status. 3. Trading System Display. 9. Delete and Amend Order

Transcription

1 ContractS for difference USER GUIDE Contents 1. Access CFD Account 7. Place an Order 2. Change Password 8. Check Order Status 3. Trading System Display 9. Delete and Amend Order 4. Navigate the CFD system 10. Margin List 5. View CFD Account 11. CFDs Functionality and Filters 6. Create Watchlist 12. emidas, E-Statement Portal

2 welcome to CIMB Securities CFD There is more than one mode of trading CFDs through a broker via phone or self-execution online. Regardless of the choice of trading mode, you will have access to the CFD online system, which provide Direct Market Access to the underlying stock markets. With features such as stop loss, good-till-cancelled & end-of-day orders, real-time portfolio management and online statements, the CFD online trading system offers you a secure, efficient and easy-to-navigate platform. Ready to make the difference? This user guide will help you getting started. Interactive Demo As an alternative to this user guide, you may wish to view our interactive demo located on our website: for the basic functions of the CIMB Securities trading system. Detailed Tutorial The information in this guide is not comprehensive and you may want to refer to the detailed information on the use of CIMB Securities CFD trading system from the online tutorial. Upon successful login, select Help to access either the basic or advance tutorial from the main menu bar. 1

3 about CIMB Securities CIMB Securities (Singapore) Pte Ltd ( CIMB Securities ) is the international securities franchise of CIMB Group (the Group ). It offers institutional and retail broking, wealth management and corporate advisory services in Singapore, Jakarta, Hong Kong, Bangkok, London and New York. CIMB Securities is also involved in investment banking activities in Hong Kong. Its award-winning research team ( CIMB Research ) supports its broking units with analysis of over 400 listed companies in Asia. CIMB Securities established stockbroking business and distribution capabilities provide an extensive network that reaches top-tier institutional investors, mid-market investment funds, sophisticated high net worth individuals as well as retail investors in Asia. Complementing its broker-assisted trade services, CIMB Securities online trading portal, i*trade@cimb ( com.sg), provides investors direct trading access to the Singapore Exchange (SGX), Bursa Malaysia (BURSA), Hong Kong Stock Exchange (HKEX), American Stock Exchange (AMEX), New York Stock Exchange (NYSE) and National Association of Securities Dealers Automated Quotations (NASDAQ). CIMB Securities is a wholly-owned subsidiary of CIMB Group, Malaysia s second largest financial services provider and one of Southeast Asia s leading universal banking groups. The Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad (formerly known as Bumiputra-Commerce Holdings Bhd), and has a market capitalisation of approximately RM49.7 billion as at 31 March The Group has over 36,000 employees located in 11 countries. 2

4 access CFD account 1. Connect to the Internet. Go to Enter the User ID and Password that were issued to you when you opened the CFD account. Please note that User ID and password is case sensitive. To ensure online security, you will be prompted to change your password upon the first login to the CFD trading system. For your convenience, please bookmark the URL address under Favourites in your web browser. Note: If you are accessing ( and CFD platform ( on the same PC, always go to first before opening another web browser to access the CFD platform. If you exited the CFD system without first properly signing out, you will be unable to login again and will receive the message prompt existing login detected ; if this occurs: i. Check and close all existing browser windows and try to logon again. ii. If the problem persists:- - Start the task manager (press Ctrl+Alt+Del, or click on the task manager button if you are a Windows 2000/XP user) - Go to the Processes tab, select your browser and click End Task button. - Click Yes when the warning dialog box appears - It automatically closes all the opened internet explorer windows - Logon again change password 2. Click on the User tab on the application menu and select the Change Password option. Passwords are case sensitive and you need to ensure that your new password has a data range of at least 6 characters. 3

5 trading system display 3. The browser based platform allows you to configure the screen format to suit your viewing needs. You can display up to 9 windows (also referred to as frames) on your screen according to your preference. The following is the step-by-step guide on how to configure the screen. Set up the window display To set up the window display: Click the Window tab on the main menu bar. On the drop-down menu, click Configure Display to call up the Select Display dialog box. Select your choice of window arrangement and click OK. Resize the windows The windows can be resized to your preferences with the easy steps below: Click on the the border of the frame and drag it. Other affected frames will automatically resize to accommodate the change. When a frame is not large enough to display all the available information, a scroll bar will appear. Click on the scroll bars to move up and down. Change default layout When you login to the CFD platform for the first time, the screen will display three empty windows. There are 18 window options available for your selection. To change the default layout of the windows: Click on the arrow icon located at the top right hand of the window. A drop-down list with the available window options will appear. After choosing your display setup, click on Windows and select Save Layout. Click Yes on screen prompt to confirm setting. For subsequent logins, the windows will appear as saved. Commonly used Windows Quote - Bid and Offer Quotes of the CFD selected Depth (Detail) - Market Depth of the CFD selected Alerts - To be able to alert the user when the CFD price hits a certain level Portfolio - View live valuation of your current positions based on marked-to-market pricing, and the margin table Order Status - Order of status placed, i.e. Order done, Order queued or Order rejected Traded order - Shows orders that have been executed 4

6 trading system display 3. Change the display font You can change the display font to the font type and size of your choice. To change the display font: Click on User tab on the menu bar and select Configure Font. On the Font Chooser window prompt, click on the Name field and select the preferred font from the drop down list. Move the cursor bar next to the Font size field to increase or reduce font size. Tips: You can personalize the screen view by changing the sequence of the column/field by moving the column to the front or back. You can also choose to hide columns that are not used. Right click on the specific column field name and you will receive on screen prompt to confirm instruction to Hide XXXX. 5

7 navigate the CFD system 4. The platform is designed to provide easy navigation. You can navigate using the following: Application Menu Bar Located across the top of application, the main menu bar provides easy access to the various functions of the system. Right-Click This will display a pop-up list of actions available for your selection. Drop-Down arrows Click on a downward arrow icon found on the top right hand corner of any frame and a pop up list of functions will appear. Selecting a function from this menu will cause the function to be loaded into the frame. Drag & Drop Technique Click on the selected information (keep finger on the mouse button), drag it from one window to drop it to another window e.g. Drag the security code from Depth to Quotes screen. 6

8 view CFD account 5. Portfolio Frame When you select the Portfolio Frame, you should see your CFD account number and name reflected on the screen. Open CFD Position Click on the CFD tab provides you with an overview of your account. It will show a list of open CFD positions, unrealised & realised profit and loss, GLV, Initial Margin, and Free Equity etc... 7

9 create watchlist 6. On the Quote window, type in the security code and click Request to extract the security record e.g. STEL.SI. If you type in stock name or incorrect security code, an error message will appear. Alternatively, you can click on N to call up the search box and select by typing in the stock name. Select the security and click OK. The requested security will appear in the watchlist. Repeat the above step to include other securities in the watchlist. To remove a code from a Watchlist, right-click on the selected security code and click Delete. To save the watchlist created, click Watchlist on window frame and select Save as from the dropdown list. You will be prompted to type in the name for your watchlist. Please note that watchlist name must be in one single name. Eg. BLUECHIP and not BLUE CHIP To retrieve your custom watchlist, click Watchlist and select the watchlist from dropdown list. 8

10 place an order 7. Select Order from the menu bar. Select Create Buy Order or Create Sell Order and enter details into the order pad. Alternatively, you can place the order by keying in the counter code in the Quote window, click Ask price if you are looking to buy or Bid price if you are looking to short sell the counter. Glossary for buy/sell screen: Initial Margin - the minimum margin requirement for the counter e.g. 10% of contract value. Lot Size - indicates the standard lot size of the CFD e.g. Capitaland lot size is 1,000 shares. Short (Y/N) - Y indicates that the stock is available for short-selling whilst N indicates the particular stock cannot be short-sold. Volume - the order size that you want to place. Please key in as whole number of shares and not lot size. E.g shares instead of 1 lot. Price - the price that you want to place the order at. Please note that the price is in cents and you do not need to key in the decimal points e.g. $5.83 will be keyed as 583. Buy / Sell - Click the Buy (Green) or Sell (Red) icon to place the trade. Note: If the order is not placed at current market price, you will need to amend the pricing before submitting the order. E.g. If current market price for the CFD is 299 cents and you wish to queue at 280 cents instead, you need to amend the price to 280 cents. 9

11 place an order 7. Create a Contingent Order: Contingent orders or Stop Loss/Stop Entry Order refer to orders that will be triggered and placed automatically when the pre-set market conditions occur. To create a contingent order: Click Orders on the main menu bar and select Contingent Orders to open the Contingent order window. Alternatively, you can right-click on the stock in Quote Watchlist window and select Create Contingent Order. On the Contingent order window, select the account that you are creating the contingent order for, and click Add. Enter the contingent order details. Click OK to save the contingent order created. Details to enter for the contingent order: Security - Type in the security code of the specific CFD that you are creating order for. Last/Bid/Ask - Select the price trigger in the first input box and indicate in the next display box if the price should be Greater or Less than or equal to Stop Price. Stop Price Time Order type Volume Limit Price - the price limit that you wish to set (in cents). - determine the time for the contingent order to be applied. Please note the system time is based on Australia time zone, you must factor in the time difference when setting the time range for the contingent order on the various markets. - indicate a Buy or Sell order. - quantity of the contingent order. - set the price limit of the contingent order. Prices should be entered in cents with no decimal points unless a fraction of a cent is to be traded. 10

12 place an order 7. You can edit or delete an existing contingent order set for the account by clicking Edit or Delete. For deletion, click Yes when you see the window prompt for confirmation to delete order. Note: The contingent order is automatically removed when a contingent trade is triggered regardless if it is fully or partially filled. Contingent order set will remain in system and must be deleted by you if the order is no longer valid. Create a One-Cancel-Other (OCO) Order The OCO feature can be used as a pair to the original contingent that was already set to either capturing gains or avoiding losses of the first contingent order. When one order is filled the other order is simultaneously cancelled (when both orders are linked with OCO). To create a One-Cancel-Other (OCO) Order: After creating the first contingent order, check the box that says Create OCO order and click Next to create another contingent order. If the price of the outstanding CFD decreases, a stop loss order cuts the loss, and the limit order is cancelled. If the price of the outstanding CFD increases, a limit order attempts to capture the gain, and the stop loss order is cancelled. Click OK to save the contingent order created. Note: Time shown on the trading screen is based on Australia local time (where servers are located) and must be adjusted to reflect the market hours of the relevant market that you are trading in. 11

13 check order status 8. You can check your order status from the Order Status window, to access the window: Click Orders, select Order Status follow by the preferred placing of the frame. If you have only one account the order status will appear automatically. For more than one account, you will need to select the account that you wish to view order for. When an order is done, the DoneVol field will be updated with the traded volume. Note: On the Traded Order screen, time shown is Australia local time (where servers are located) and not the actual local time of placement. Order Status: Authorising - depending on the reason for the order being placed in authorising mode, the order may be submitted to market or rejected. Refer to section 11 - CFD Functionality and Filters for more details. Creating/OK - CREATING status show that your order has been placed and is awaiting confirmation of placement in market. This will usually take only a few seconds and once it is successfully placed in the market, you will see OK under the market status field. Failed - order was not successfully placed in market and you can view reasons for failed order in the message screen. 12

14 delete and amend order 9. To delete a single open order: Right-click on the specific order to be deleted. Select Delete from the pop-up list to delete the order. To delete all orders in a specific account: Right-click on any order, and select Delete All Orders from the pop-up list to delete all open orders in the account. To amend an order: Select order that you want to amend under the Order Status window. Right-click on the trade that is to be amended and select Amend Order. The Amend Buy/Sell Order window will appear. Amend volume as required, click on Advanced button to change Price type, Order type or Expiry Date. Click on Amend button to update the changes. All fields except Security code can be changed. To amend Security code of the order, you need to cancel the existing order and key in a new order. The amend function cannot be used. When creating or amending order, the order will be entered into the system according to the Default Lifeline. There are two types of Order Setting for the Default Lifeline: Good-till-Cancelled This is the default setting (for applicable markets only. E.g. Australia). The order will remain in the market for 60 working days (9 weeks) or until the date specified, unless it trades in full during this time. Custom expiry dates cannot exceed the underlying Stock Exchange s order limit. If the order falls too far outside the market range, it will fall out of the market at the end of the day. Good-for-Day The order remains in the market only for the day it is logged. The order type box is a drop-down selection box in the Create/ Amend order dialog box as shown on left. 13

15 margin list 10. You can use the margin table to view all the counters that can be traded as CFDs for long and short positions and the initial margin required for each CFD. The margin table can be exported for your easy reference. To view the Margin Table: Click on the CFD tab on the Portfolio window, then select Margin Table. To export the margin table: Open the Margin Table window. Press ctrl & c key. Open an excel spreadsheet. Paste the content onto the excel by pressing on the ctrl & v key. Click save and close excel file. As the table is updated real time, you are recommended to always refer to the table online. Glossary for Margin Table: Margin - The Initial margin required to trade in the specific CFD e.g. AGRN.SI has an initial margin of 20%. Creating/OK - a CFD stock that can be short sold e.g. DBSM.SI can be short sold but ABTR.SI cannot. Allow Buy - Whether the CFD can take a long position e.g. AGRN.SI. Lot Size - The minimum size the CFD can be traded on. 15

16 CFD functionality and filters 11. Concurrent Bid/Offer Each CFD Account may only have eight (8) concurrent bids and/or offers in the same CFD at any one time. Any attempt to place more than four bids and/or offers in the same underlying security will be automatically rejected, citing User XYZ already has 8 or more concurrent bids and/or offers. Example of Concurrent Bid/Offer Message Time Message User - XYZ already has 8 or more concurrent bids. Must be authorized. 14:55:27 Price Tolerance (Valid Price Steps: Bid/Ask 10 Steps) The number of price steps allowed through the offer or bid price before an alert is triggered has been set to a maximum of ten. An order must exist on the opposite side of the market for this to trigger. This filter is designed to prevent orders from entering the market and trading immediately at prices further away from the current market. Orders that breach this filter will be rejected. During the pre-open market/pre-close market period, where a single match price is used as the reference point (as opposed to bid/ask), this tolerance is limited to ten price steps higher/lower than the indicative match price (if one exists). Example of Price Tolerance Message Time Message CFD.DL denied order because Price 14:55:27 difference of 70 steps, only allowed a maximum of 10 steps from current price. Price Tolerance (Order Exceeds 3% of stock price) This refers to the distance from the current last price, in percentage terms, allowed for an order before it breaches the filter. This limit has been set at 3%, therefore for a buy order it will breach the filter if the order price is above the last price by greater than 3%, vice versa for sell orders. Orders that breach this filter require manual intervention by a dealer. This filter does not apply to the trigger price of a One Cancels the Other (OCO) but does apply to the limit price. 16

17 CFD functionality and filters 11. Example of Exceeding 3% of stock price Time Message This order has been denied as the order price is 12.5 % above or below the current 14:55:27 stock price, the system ONLY allows a 3% difference from the current price. Going from Long to Short (or short to long) Under the market rules, you must first close out existing position before entering into another new position in the opposite direction. For example, if you are long and wish to turn around that position to end up with a short position, you must close out the existing long position and then enter a new order to open the short position. Example of Position Reversal Message Time Message Order Status - CFDGLOBAL Selling STAR. 14:55:27 SI for Security needs to be closed out first. Increase Order Volume Under the market rules, once an order is placed into the Exchange order book the volume maybe increased. However, this action may cause client to lose queue position. Simultaneous Long and Short Open Position If you key in a simultaneous long and short position in the same account, the system will automatically net off the position. Example: If you key in an order to buy 1,000 SingTel shares and another sell order for 1,000 SingTel shares, the system will automatically net off the positions. 17

18 emidas, E-Statement Portal 12. emidas User Guide (e-statement portal) User ID and password is case sensitive. Upon successful login, select reports to retrieve Close-of- Business ( COB ) statement or Monthly statement. Statement can only be generated based on either one specific date or month only. Select your CFD account under the Accounts window. - click on add or delete icon to select/de-select account. You have the choice to export file in PDF, html or text file format. Click on PDF to generate statement in PDF format. When the statement is ready, you will see a prompt message. Download PDF file and save a copy. 19

19 emidas, E-Statement Portal 12. Understanding your Statement In addition to providing and supporting a powerful and flexible trading platform, CIMB Securities also offers reporting technology software to all clients. CIMB Securities CFD clients can access their upto-date accounts and settlements information online by securely logging into emidas via the CIMB Securities CFD website. Sample Statement: CIMB Securities (Singapore) Pte Ltd (Member of Singapore Exchange Securities Trading Limited) 50 Raffles Place #01-01 Singapore Land Tower Singapore Call Centre: Fax: (65) GST. REG. No. MR DED DO IJUSMCIO TEMPOR INCIDIDUMT UT LAB ORE PAGE 1 DATE 30SEP ACCOUNT SC4001 DAILY CFD ACTIVITY STATEMENT TRADE CONFIRMATIONS TRADE REF CONTRACT ISIN 7 NUMBER OF CURR TRADE COMMISSION DATE NO DESCRIPTION CODE SHARE CFDS PRICE TRADE CONFIRMS 30SEP08 AGYQ BLUESCOPE STEEL LTD(CFD) AU000000BSL0 100 AUD ============= TOTAL COMMISSION AUD OPEN POSITIONS TRADE REF CONTRACT ISIN NUMBER OF CURR TRADE SETT UNREALISED DATE NO DESCRIPTION CODE SHARE CFDS PRICE PRICE P&L SEP08 AGYQ BLUESCOPE STEEL LTD(CFD) AU000000BSL0 100 AUD TOTAL INITIAL MARGIN ========== ================ TOTAL AUD SEP08 ABV6 YANLORD LAND GRP (CFD) SG1T SGD TOTAL INITIAL MARGIN ========== ================ TOTAL 2000 SGD ====================================================================================================================== 15 ====================================================================================================================== AUD 16 SGD 17 SGD (BASE CURR) SPOT RATE CASH BALANCE B/F , , COMMISSION REALISED P&L CASH MOVEMENT CASH BALANCE C/F , , UNREALISED P&L TOTAL EQUITY (GLV) , , INITIAL MARGIN FREE EQUITY , , COLLATERAL MARGIN CALL

20 emidas, E-Statement Portal 12. Glossary for Statement: Statement Description Explanation 1 Client Details Client name and postal address 2 Account Number Client CFD trading account number 3 Statement Date The date that the statement is relevant to 4 Trade Confirmations This section of your statement will list all trades that occurred in the account during the statement period 5 Trade Date The date the trade took place 6 Contract Description The security traded 7 Number of CFDs The amount of CFDs purchased / sold. Sold is represented as a negative (-) number. 8 Curr The currency that the trade was executed in 9 Trade Price The execution price for the trade 10 Commission The commission amount for the trade 11 Open Positions This section lists all open positions 12 Reference Number Reference number 13 Settlement Price The settlement/closing price of the security 14 Unrealised P&L Unrealised Profit & Loss of that position 15 Account Summary This section lists a summary of your total account 16 SGD Shows notionally converted amounts relevant balances for all SGD transactions 17 SGD (Base Curr) Balances in the traded currency converted to your base currency. SGD Base Currency Equivalent Total column showing notionally converted amounts of all balances totalled to the Accounts Base Currency. If a customers base currency was USD this column would have the sum of SGD converted to USD in here. 18 Spot Rate The currency rate at which postings are converted 19 Cash Balance B/F Your closing balance from the previous statement period 20 Commission Amount The total commission debited from your account for the statement period in your base currency 21 Realised P&L Realised trading profit for the trading period in the currency traded 22 Cash Movement Total of all journal entries such as withdrawals, interest, deposits and ex-dividend payments/receipts in your base currency 23 Cash Balance C/F Your opening balance plus your cash amount and net profit/loss 24 Unrealised P&L Your gross liquidation value 25 Total Equity (GLV) Your gross liquidation value 26 Initial Margin Your total initial margin requirement for your open positions 27 Free Equity Your total free equity 28 Collateral Any securities lodged to cover margins 29 Margin Call Shows when the Initial Margin > Total Equity (your GLV less your initial margin requirement) 21

21 system requirements Personal Computer MAC Operating System Browser Network Connection Pentium III 500MHZ or above. 64MB RAM. Not available unless PC emulation (Virtual PC) software is installed. Available for all windows operating systems e.g. Windows 98/ME/ NT/2000/XP/Vista Internet Explorer 6.0 or 7.0 with Java Script enabled. A network connection of the bandwidth of 56K modem or higher is required. However, dial-up modems may not provide sufficient bandwidth to run the application and you may experience communication problems and delayed pricing during peak trading hours. ADSL lines and ISDN lines offer greater bandwidth and are strongly recommended. 22

22 getting started how to open CFD account You will need to maintain a Cash Trading Account with CIMB Securities (Singapore) Pte Ltd Contact Your Trading Representative/Dealer Call Centre: [email protected] CFD Trading Website: Or visit our Investment Centre at: 50 Raffles Place #01-01 Singapore Land Tower Singapore Note: For application, you are required to sign the CFD Application Form and the Terms and Conditions Applicable to Contracts for Difference ( CFD ) and Risk Disclosure Statement for CFD Trading. 23