Internet Based Trading
Also written IBT · Internet Based Trading (IBT)
Trading through order routing systems that route client orders to exchange trading systems, permitted by the exchange, requiring a minimum net worth of ₹50 lakh where the broker provides the facility on his own.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
- ASBAThe mandatory payment mechanism for public and rights issues, in which your bank blocks the application money in your own account and debits it only if you actually get an allotment.
- DematerialisationConverting securities held as physical certificates into book-entry holdings: the certificates are defaced, mutilated and surrendered to the issuer, and an equivalent quantity is credited to the holder's demat account.
- Principal officerThe named individual at a non-individual intermediary who carries personal regulatory responsibility for the advisory business, and who must personally hold the prescribed qualification and NISM certification.
Where this is taught
Free preparation for NISM Series VII← All terms