The process of securities trading starts when an investor requests formally from his brokers to purchase or sell a security, according to specific conditions.

The investor may channel buy and sell orders through a brokerage firm in person, or using agreed to means of communication. While disposing of securities on behalf of his client, a broker must obtain written authorization from the Investor, empowering him to so act. The said authorization shall be binding to the client.

Upon receiving an order the broker will promptly record the order into the electronic trading system. The system then automatically verifies all the details of the investor for whom the order is to be executed and matches buy and sell orders of a particular stock based on the price and quantity requirements.

Once the trade is executed, the investor will be notified of the deal confirmation and the transfer of share ownership occurs electronically from the seller to the buyer accounts.

All telephone conversations conducted over The Securities Market telephone lines are recorded to ensure that The Securities Market can go back to these recordings in case of disputes between investors and brokers or other parties.

A. Limit Price Order:

This is an instruction where the investor specifies the price at which he is willing to execute the transaction or better. Meanwhile the broker is bound to record the order into the electronic trading system at this specified price.

B. Market Price Order (MP):

A market order is placed without a specified price, and is executed as soon as possible at the best available price.

C. Orders Carrying Time Validity:

An order carrying time validity is an instruction to the broker to perform a buy or sell within a specified period of time. It should be canceled if not executed during the period fixed for its execution.

D. Order according to other Investor instruction:

This is an instruction to enable the investor to order his broker to trade according to a specified authorization granted thereto.