New Features On SBICAPSEC

I got an email from sbicapsec. They are giving new features to users. Read the email.

Dear Customer,

At the onset, we wish to extend a very warm welcome from SBICAP Securities limited. We at SBICAP Securities limited aspire to provide service excellence. In order to provide our customer the best service, we are upgrading our systems.

The System upgrade would take place on the 07th May 2010

Additional features in the new system:

The upgraded system will provide you with greater flexibility in our product offerings and services. Some of the features that may be made available on account of the new system are listed below

Product conversion (Delivery to Intra day and vice versa)/ Square off made available from “Net Position” window.
Partial conversion of the open quantity ( eg of 100 purchased as delivery stock, 20 can be converted into intra day) would be available from “Net Position” window.
Changes to be made at client end:

The upgraded system will give you one default market watches. You can make changes to the same as desired by you.

Additionally, you can create 4 market watches and each market watch can have a maximum of 25 scrips.

You are requested to take a note of the same and recreate/re arrange the market watch, wherever required, which you are currently using on the trading platform.

We regret the inconvenience caused to you and request your cooperation to ensure smooth transition.

In case of any further queries, please contact us on numbers given below or e-mail us at helpdesk@sbicapsec.com

Telephonic assistance on the helpdesk is available between 8.30 am to 4.30 pm on all trading days.

1-800-22 - 3345 (toll free)

022-24231300

022-61536900

Regards,

SBICAP Securities Ltd.

Corporate Office,

Mumbai

Meaning of Important Terms on SBICAPSEC

DPF : DP free stock

DPH : DP holding

BEN : Benificairy stock

DAY : THE ORDER IS VALID FOR THE DAY

IOC : IMMEDIATE OR CANEL AT THE CURRENT PRIVELING PRICE OR PRICE SPECIFIED

First post on SBICAPSEC

My expectations with sbicapsec.com were very high. But it made me upset.
I found many troubleshootings on sbicapsec. Actually I am a new user of sbicapsec & hence I am not familiar with it. I always get confused with words
'Bid price' & 'offer price'. Can anyone tell me what is the difference between these two phrases? What is the meaning of LTP & TTQ?
I have tried to find information about sbicapsec on internet , but there is very less info. written about sbicapsec. Then I decided to start a blog dedicated to the same.
I hope newcomers in sbicapsec will find this blog useful & the same for experienced users.
Can anyone from you answer doubts which I asked above? I will be very thankful to you. If anyone want to ask any questions, simply drop a comment.