karvy stock broking limited mobile app user manual · 2018. 1. 12. · image authentication ......

Karvy Stock Broking Limited

Mobile App User Manual

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1. Introduction

KARVY Mobile Applicationgives the Investor Clients of the Brokerage House theconvenienceofsecureandrealtimeaccesstoquotesandtrading. Theservicesarespeci�ically designed to meet the ever-changing needs of the Stock market andinvestors.KARVYMobileApplicationhastwolevelsofpasswordfortheinvestor.OnepasswordcalledtheLoginPasswordtoallowtheinvestortologinintothewebsiteandanotherpasswordcalledtheTransactionPasswordtoplaceorders.Boththepasswordsarestoredsecurelyandtotallyencrypted.TheInvestorwouldbeableto

· PlaceOrders· Modify,CancelOrders· ViewOrderBook· ViewTradeBook· ViewPositionBook· ViewHoldings· ViewLimits· ViewQuotes· ViewMarketPicture(MBP)

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2 FeaturesofKARVYMobileApplication

3.1 LoggingintoKARVYMobileApplication

LoginScreenTheloginscreenisvisiblewhentheuserstartsthemobileapplication.TheValidUsernamemustbeentered,andtheusershouldclickontheSignInbutton.

Onclicking‘SignIn’Button,ThefollowingloginwindowwillappearwhereuserhastoenterLoginID&Passwordandcon�irmtheImageAuthentication.ImageAuthenticationDuring registrations client would need to select from the list of images forveri�icationofsites/server for future loginsandsamewill con�irmedduringeveryloginbyuserasshowninbelowwindow.

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2FAAuthenticationSEBIhasmandated2FAauthenticationfor login.SEBIcircularnoCIR/MRD/DP/8/2011.Question based authentication/OTP (one time password) would beimplementedinAPPasa secondfactorofauthentication(2FA)bythesystem.Brokercanoptforanyoneoftheoption.AsanAuthenticationoftheserverbytheuser,imageswouldbedisplayedasabove.

ChangePasswordWhentheuserlogsinforthe�irsttimeorifthepasswordhasexpired,thefollowingmessagepromptwillbedisplayed.

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WhentheuserclicksontheOKbutton,thewindowforresettingtheloginpasswordisdisplayedasfollows.

The user needs to type in the login and transaction old password, the newpassword, and con�irm the new password in the respective �ields provided. Onclicking on the ‘Change’ Button, the password gets reset and the followingcon�irmationmessagewillbedisplayed.

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PasswordExpiryWarningThefollowingPasswordExpiryWarningMessagewillbedisplayed,threedaysbeforethepasswordisabouttoexpire.

PasswordPolicyFollowingisthepasswordpolicyfollowedintheKARVYMobileApplication:· Forencryptionofpasswordsweuse128bitencryptionkeywithaproprietary

logic, also have an option of storing it with 128bit encryption key and AES

Encryptionmethod.

· ThesystemrequestsanID&passwordforloggingin.

· Thepasswordisencryptedbeforetransmission.

· Thepasswordisstoredinanencryptedformatinthedatabase.

· Changeofpasswordismandatoryforthe�irsttimeuser.

· Changepasswordcannotbethesameasofthelast3passwords.

· User can not login after THREE consecutivewrong passwords & the user can

loginonlyafterthepasswordisresetbytheadministrator.

· Thepasswordshouldbeofminimum6characters&maximum12charactersin

length.

· ItmustbeAlphanumeric.

· The passwordwill be checked against the log-in ID. The login ID& password

cannotbethesame.

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· Spaceisnotavalidcharacterinthepassword.

· Passwordexpiresautomaticallyafter14tradingdaysforci ngtheusertochoose

anewpassword.

· Passwordcanbechangedbytheusersatanytimeasperwill.

2.2 HomePage

After the user has successfully logged in, the following home page window getsdisplayed,wheretheuserhastheoptiontogetquotes,placeorders,createmarketwatch groups, create an indexwatch, view order book,Tradebook,Possition book,holdings,Limits,SetAlerts,Alerthistory,TopN,Indexdetails,Modify2FAquestions,userdetailsandsoon.

QuotesThe ‘Quotes’ feature enables the user to retrieve real-timequoteson securities. Itdisplays information such as Last TradedPrice, Best BuyRate andQuantity, Best SellRateandQuantity,PriceRangeandsoonfortheselectedsecurity.Userhasto

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tap on particular scrip to retrieve below highlighted options (Get quote, MBP,ContractInfo,DeleteScrip)inmarketwatchwindow.

Getquote

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MBPThe‘MBP’featureenablestheusertoretrieve‘Best5Buy’&Best5Sell’informationonasecurities.

Contract-infoThe‘Contract-Info’featureenablestheusertoretrievedetailedinformationsuchassymbol, series,exchange, issuestartdate, Issuecapital, listngdateandsoonforasecurities.

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DeleteScripThisoptioncanbeusedtodeletescripfrommarketwatch.MarketWatch

Ø CreateMarketWatch

The user can create a MarketWatch of scrips for which he wants to view latestmarketfeedsbyclickingonthe‘AddNew’buttonfromthe‘MarketWatch’window.

TheusermustentertheNamefortheMarketWatchthathewantstocreate.

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Usermust select thedesired instruments,Exchange, Series,Enter theSymbol (eg:ACC),andclickon‘Add ’button.Apop-upmessagewillappeartocon�irmthatscriphavebeenaddedinthemarketwatchgroup(NSE).

Ø SetasDefault

Selectanymarketwatchfrom‘MarketWatch’optionandselectedmarketwatchwillbesetasdefault.

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Ø DeleteMarketWatch

TheusercandeleteanexistingMarketWatchGroupbypressingandholdingtherequiredmarketwatchtobedeleted.

TradesWhentheuserclicksonthe‘MarketWatch’buttonintheHomePage,thefollowingwindowappears.

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Intheabove‘MarketWatch’window,theusermustclickonthe‘Buy/Sell’optionunderspeci�icscrip,fromwherehewillbeabletoplaceorders;hemustclickon‘OrderBook’option,‘TradeBook’option,‘Positions’optiontoviewhisorderbook,tradebookandexistingpositions,respectively.

· Buy/SellinNSE

TheuserhastoclickontheBuy/Selloptiontoplaceorders,andthefollowingwindowappears.

TheuserwillbeabletoseeexchangeandsymbolloadedbydefaultanduserneedtoselectRetention(DAYor IOC),Producttype(CNC,MIS,NRML)andtheaction(BuyorSell)fromthedropdownprovided,enterthequantitytobebought/sold,selectthedesiredpricetype(Limit/Marketandsoon),entertheprice(if it’sa limitorder),enterthetriggerprice(incaseofstoplossorders),DisclosedQty(ifany)andclickon

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‘Submit’. Onclickingsubmit,Thefollowing‘OrderCon�irmation’windowwillappearshowingthedetailsenteredintheBuy/Sellwindow.

After reviewing the order details, the user needs to scroll down in the ‘Ordercon�irmation’pageandclickon‘Submit’. Onclickingon‘Submit’, AnewwindowwillappearshowingtheorderdetailsalongwiththeAPPOrderNumber. Onceuserclick‘OK’,orderstatuscanbeviewedinOrderbook.

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· Buy/SellinNSEFO

ToplaceorderinNSEFO,theusermustselecttheexchangeNSEFOfromthedropdownandselectdesiredscripandselectBuyorSell.

Onceuserselect ‘BuyorSell’option, followingwindowwillappear andexchangeandsymbolwillgetloadedbydefaultanduserneedtoselectRetention(DAY, IOCorCOL), Product type(MIS,NRML) and the action (Buy or Sell) from the drop downprovided,enterthequantity(*inlotsize)tobebought/sold,selectthedesiredpricetype(Limit/Marketandsoon),entertheprice(ifit’salimitorder),enterthetriggerprice(incaseofstoplossorders),DisclosedQty(ifany)andclickon‘Submit’.

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Onclickingsubmit,thefollowing‘OrderCon�irmation’windowwillappearshowingthedetailsenteredintheBuy/Sellwindow.

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Theusermustclickon‘Submit’afterreviewingthedetails.Oncethe‘Submit’buttonisclickedon,theordergetsplaced.Thefollowingwindowappears,displayingtheorderdetailsalongwiththeAPPOrderNumber.

Fromthiswindow,theusercanviewtheorderdetailsandorderstatusbyclickingon‘OrderBook’.

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OrderTypes:

1. LimitOrder

Alimitorderisanordertobuyorsellasecurityataspeci�icprice.Abuylimitordercanonlybeexecutedat the limitpriceor lower,andasell limitordercanonlybeexecutedatthelimitpriceorhigher.E.g.IfthecurrentmarketpriceofIdeaCellularisRs.75&youwishtoBuyatRs.70orSellatRs.80,youhavetoplaceaLimitOrder. 2. MarketOrder

Amarketorder isanorder tobuyorsella stockat thecurrentmarketprice.Theadvantageofamarketorderisyouarealmostalwaysguaranteedyourorderwillbeexecuted.3. StopLossLimitOrder

Astop loss limitorderisanordertobuyasecurityatnomore(orsellatno less)than a speci�ied limit price. This gives the trader some control over the price atwhichthetradeisexecuted,butmaypreventtheorderfrombeingexecuted.Astoplossbuylimitordercanonlybeexecutedbytheexchangeatthelimitpriceorlower.Astoplossselllimitordercanonlybeexecutedatthelimitpriceorhigher.

E.g. IfyouhaveshortsoldNTPC@Rs.145inexpectationthatthepricewill fall, incaseofpriceincrease,youcanlimitthelossbyplacingaStopLossBuyorder.IntheBuyScreenwecanputthetriggerprice@Rs.150andLimitPrice@Rs.155.AssoonasNTPC'slasttradedpricerisesaboveRs.150,alimitorderforNTPC@Rs.155willgetactivated.

4. StopLossMarketOrder

Astoplossmarketorderisanordertobuyorsellasecurityatthecurrentmarketpriceprevailingatthetimethestoporderistriggered.Thistypeofstoplossordergivesthetradernocontroloverthepriceatwhichthetradewillbeexecuted.A sellstopmarketorderisanordertosellatthebestavailablepriceafterthepricegoesbelowthestopprice.Asellstoppriceisalwaysbelowthecurrentmarketprice.Abuy stopmarketorder is typicallyused to limit a loss (or toprotect anexistingpro�it)onashortsale.Abuystoppriceisalwaysabovethecurrentmarketprice.

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OrderBookTheusercanviewdetailsofalltheordersplacedbyhimbyclickingon‘OrderBook’inthe‘HomePage’window.FromtheOrderBook,Theusercanvieworderdetails,modifyorder, cancelopenordersandvieworderhistoryasshowninbelowwindow.

OrderDetailsTheusercanselectaparticularorderforwhichherequirestheorderdetails.

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OrderModi�icationTomodifyanorder,theusermustselectthe ‘ModifyOrder’optionfromtheorderbook. The following window appears to enter the new parameters for ordermodi�ication.

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Thequantityand/orpriceoftheordercanbemodi�iedbytheuserbyenteringthenewdetails.Oncetheusermodifyorderandinputtransactionpasswordandclickson ‘Submit’, the following ‘OrderStatus’windowappearsandOnce theuserclickson‘OK’,themodi�iedordercanbeseenin‘OrderBook’

OrderCancellationTocancelanorder, theusermust select therequiredopenorder thatneeds tobecancelled,fromtheorderbookandselect‘cancelorder’. Thefollowing‘Con�irmationMessage’ will appear from where the user is required to con�irm the ordercancellation.

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Whentheuserclickson‘OK’,theorderwill getcancelled,andthisstatuscanbecheckedintheOrderBook.

OrderHistoryTheusermust select ‘OrderHistory’ to view the historyof thatorder, that is, theuserwillbeabletoviewthecurrentstatusaswellasdetailsofeachandeverystepofthestatus,suchasOrdernumber,symbol,ordertype,buyorsell,quantityetc.

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TradeBookTheusercanviewtheentirelistofalltradedordersandtheirdetailsbyclickingon‘TradeBook’inthe‘Home’window.TheusercanseeexchangewisetradedetailsinTradeBookWindow.

OrderDetails

The user can view the details of a particular trade by selecting that trade andclicking on ‘Details’. The details of that traded orderwill be displayed alongwithExchangeOrderNumber,TradedQuantity,Priceandsoon.

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TradeHistory

The user can view the history of a particular trade by selecting that trade andclickingon‘TradeHistory’.Thefollowingwindowdisplayingthehistoryoftheorderalongwithprice,quantityandsoon,willappear.

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PositionConvertion

User can also convert his position by selecting ‘ Position Convertion’ option inTradebook,whenuserselectthisoption,thefollowingwindowwillappear,whereuser can change the product type (likeNRML), Transaction type(buy or sell) andthenclickon‘Submit

Whentheuserclickson‘Submit’,Thefollowing‘Con�irmationMessage’willappear.

PositionBook

The user can view his positions by clicking on the ‘Position Book’ button in the‘Home’window.The followingwindowwillappear, fromwheretheusercanviewday-wiseaswellasnet-wisepositions,byselectingtheappropriateoption.

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To viewpositionsdetails, theusermust select the requiredposition forwhichhewants position details and select ‘details’. The ‘Position Detail’ screen displaysExchange, Symbol, Net Qty, Net Amt, Product type, MtoM, BEP, LTP for everyposition.Italsodisplaystheday&net-wisepositions.

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Squareoffisanoptionprovidedtotheusertoliquidatehisexistingposition.whenuser select ‘Square Off’ option in position book, The following ‘Con�irmationMessage’willappearfromwheretheuserisrequiredtocon�irmthesquareoff.

When the user clicks on ‘OK’, position will get squared off and following‘Con�irmationMessage’willappearinpositionbookwindow.

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HoldingsThisoptionallowtheusertoviewhistotalholdingsacrosssecurities.

RiskManagement

Risk Management System can be con�igured to have following checks before theordersarereleasedtotheexchange.TradingLimits,Positionlimits,Exposuretakenbyclientbasedonriskassessment,credit quality and available margins of the client, Quantity Limits, Price RangeChecks,OrderValue,andCreditChecks.Various categories canbe set.According to the category,RMSvalidates theorder.Accordinglyitsendsaccept/rejectmessage.Risk Management System can be con�igured to have following checks before theordersarereleasedtotheexchange.Thecheckswhicharede�inedbyexchangew ithrespect to Algorithms are in place in the system. Below mention rules can becon�iguredinthesystemtocontroltheriskparameterwhichisde�inedbyexchange. Sr.No. Checks Rulestoset Remarks

1 PriceCheck 1) CheckPriceRangeBasedonLTP2) CheckCircuitLimit

TheseruleswillcreateapricerangeonthebasisofLastTradedPricedasperthepercentagesetinthecategorywindow.

2 QuantityCheck

a) OrderQuantityincludingSquare

Thisruleswillrestrictperorderthenumberofquantitytobe

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offOrderb) BoardLotQuantityincludingSquareoffOrder

placedinmarketwhichisde�inedthecategorywindow.Theusercande�inethenumberofquantityinWeightsandinlotsforFutures.

3 OrderValueCheck OrderValueincludingSquareoffOrder

Thisrulewillrestrictperordertheordervaluewhichcanbeplacedinthemarketwhichisde�inedincategorywindow

4 TradePriceProtectionCheck

CheckCircuitLimitincludingsquareofforder

ThisruledoesnotallowtoplacetheorderwhichhasbeenplacedabovetheHigherCircuitLimitorLowercircuitlimitwhichidde�inedforcontract/scripbyexchange

5 MarketPriceProtection

CheckPriceRangeBasedonLTP

ThisrulewillcreateapricerangeonthebasisofLastTradedPricedasperthepercentagesetinthecategorywindow.

6 CumulativeOpenOrderValuecheck

Pendingordervalue

ThisrulewillrestricttheOpenOrderwiththeValuesetinthecategory

7 AutomatedExecutionCheck

TurnoverOrderLevelandTurnoverOrderLevelLimit

Thisrulewillcalculatethevalueofallexecuted/Unexecutedanduncon�irmordersandifbreachthevaluesetincategorythenfurtherorderwillgetrejected

8 AutomaticstoppageineventofAlgoexecutionleadingtoalooporarunawaysituation.

OrderThrottle IftherenumberoforderpersecondsbreachesthevaluewhichissetinThrottlethenfurtherordergetsrejectedbythesystem.

9 NetPositionVs.availablemargin

GrossExposure,GrossExposureDerivative,VarMarginOrderLevel,SpanMarginOrderLevel

UsercansettheriskparameterbasedonExposureandMarginbasedonwhichthemarginusedwillbecalculatedonthebasisofpositiontaken.IftheMarginusedisequaltoCashmarginthenfurtherorderwillberejectedbythesystem

10 RBIViolationchecks RestrictedBasket UserneedtocreateaRestricted

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forFIIRestrictedstocks.

orRMSBlocking basketforthescripandassigntothecategoryoftheuser/client.AlsoRMSblockingcanbeused.

11 MWPLviolationcheck

RMSBanSymbolorRMSBlocking

ThescripforwhichmarketwidepositionlimitisbreachthenscripcanbeblockedoritneedstobeinBan.

12 PositionLimitChecks

ScripGroup/ScripMargin

Usercande�inethequantityscripwiseinwhichthepositioncanbetakeninscripgroupandthenitneedstobeassigntocategoryatclientlevel

13 TradingLimitChecks

TurnoverOrderLevelLimit/GrossExposureLimit

Usercande�inetheTurnoverorExposureforaspeci�icClient/UserorBranch.

14 ExposureLimitcheckatindividualclientlevelandatoveralllevel

GrossExposureandGrossExposureLimit

Usercande�inetheExposureatBranchLevelaswellasBrokerLevel

AlertsTheusercansetalertsforanindex,scripsorpersonaltradedatabyclickingon‘SetAlerts’intheMenuunderHomePage.Thefollowing‘SetAlert’windowwillappear,Iftheuserwishestoreceiveatextmessageforthealert,hemustenterthemobilephonenumber,andifhewishestoreceiveane-mailalert,hemustenterthee-mailidforalert.

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Onclickingsubmit,Thefollowing‘SecurityAlert’windowwillappear.Theusermustselect thedesiredExchange,entertheseriesandclickon ‘Lookup’.Hemustselectthedesiredsymbol,andselectthealertbasedonoptionfromthedropdown(LastTradedPrice/Tradedvolume for thedayandsoon), select theoption forgreaterthanorequalto,orlessthanorequaltoandsoon,andenterthevalueforthealertandclickonsubmit

Onclickingsubmit,Thefollowing‘Con�irmationMessage’willappear.

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AlertsHistoryAlerthistorywilldisplaythealertwhichuserhassetwithregardtoanyscrip.Alerthistorycanbeinvokedbyselecting‘AlertHistory’ optionunderMenuinHomePage.

ModifyAlertUser canmodify alert by selecting ‘Modify Alert’ option in Alert Historywindow,whereusercanchangemodeofreceivingalert,limit,ValueandSubmit.

Onclickingsubmit,Thefollowing‘Con�irmationMessage’willappear.

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Tocancelanalertfromthelist,theusermustselect‘CancelAlert’option.Apop-upmessagewillappearasfollows,tocon�irmthecancellationofthealert.

TOPN

Thiswindowshowsthetop10gainer/losersintheexchangesegmentbasedonthefollowingcategory:

a) TradedValueb) TradedVolumec) OpenInterestVolumed) %Change_Prev_Closee) OpenInterestValue

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ThefollowingbasketwindowshowstheTopGainersamongscrips,basedonTradeValueinNSEOpenMarketandusercanselectdifferentoptionsindropdownbasedonhispreference.

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IndexDetailsTheusercanusethe‘IndexDetails’optionbyclickingon‘IndexDetails’undermenuin‘HomePage’toviewalltheindicesandtheirvalues.

Mypro�ileThe user can use the ‘My pro�ile option by clicking on ‘MyPro�ile undermenu in‘HomePage’toviewuserdetails,modify2FAquestionsandchangepassword

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UserDetailsThisoptionwillshowtheentiredetailsfor theuser likeAccountDetails,Personaldetails,ContactDetailsandBankDetailsandsoon.Userpro�ilecanbeinvokedbyselecting‘UserPro�ile’undermenuinHomePage.

ModifyQuestionsThisoptionallowtheusertomodify2FAQuestions&Answers.Thiscanbeinvokedbyselecting‘ModifyQuestions’under‘Menu’in‘HomePage’

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ChangePasswordUsercanchangehispasswordbyclickingon‘ChangePassword’underMypro�ileoption.AboutUsercanviewversiondetailsbyselectingthisoptionLogoffUsercanlogofffrommobileappbyselecting ‘logoff’optionundermenuinHomepage.Thefollowing‘Con�irmationMessage’willappear.

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