27 Juni 2013

Smart Exchange user guide

 

Smart Exchange is a tool designed for purchasing and selling shares of the UInvest business projects. If you want to buy some shares you need to place appropriate orders.



1 Placing an order

If you want to place an order to “buy\sell a share”, you need to press the «+New order» button, which is located in upper right corner of the Smart Exchange page. You will see the “New Order” pop-up window (Img.10).






Img.10 – “New Order” pop-up window.

You need to fill in two fields in the upper part of the “New Order” window:

  • Quantity – quantity of shares you want to buy or sell;
  • Price per share – purchase or selling price of one share.

    By default current market price is shown in this field. The price refreshing button is located to the right. By pressing this button you will refresh market price in the Price per share field.

When you fill in Quantity and Price per share fields you will see the transaction amount in a row Amount located below.

To proceed, press the button «Sell» or «Buy», which is located below.

By pressing «Sell» you will create new “sell share” orders. By pressing «Buy» you will create new “buy share” orders.

The number of created orders is equal to the number of shares indicated in the Quantity field of the “New Order” window.



1.1 Orders creation in the orders table

By pointing over the row in the table of orders the «Sell» button will pop-up in the Demand column or the «Buy» button – in the Supply column (Img.11).


Img.11 – Example of the table of orders.



1.1.1 Placing “sell share” orders in the orders table

If you want to create the “sell share” order you need to press the «Sell» button. The “New sell order” pop-up window will appear (Img.12).





Img.12
– “New sell order” pop-up window.

You need to fill in two fields in the upper part of the “New sell order” window:

  • Quantity – quantity of shares which you want to sell;
  • Price per share – the selling price of one share.

    By default the current price of selected price group is shown in this field. The price refreshing button is located to the right. By pressing this button you will be able to see the current maximum buying price of one share in the Price per share field.

When you fill in Quantity and Price per share fields you will see the transaction amount in a row Amount located below.

When the «Sell» button is pressed the information on sufficient quantity of shares of the seller is checked automatically.

If the seller has enough shares, specified number of “sell share” orders will be created.

In case you sell shares at the unbeatable price, your orders will be displayed in a new price group in the Supply column of the orders table.

In case you sell shares at the existing price, your orders will be added to the existing price group.

Your orders are displayed in the green box to the right of the orders table in the Supply column (circled green on Img.11). There is a cross in the left part. By pressing that cross all your orders in the price group will be deleted.



1.1.2 Placing “buy share” orders in orders table

If you want to create the “buy share” order you need to press the «Buy» button. You will see the “New buy order” pop-up window (Img.13).





Img.13
– “New buy order” pop-up window.


You need to fill in two fields in the upper part of the “New buy order” window:

  • Quantity – quantity of shares which you want to buy;
  • Price per share – the buying price of one share.

    By default the current price of selected price group is shown in this field. The price refreshing button is located to the right. By pressing this button you will get the current minimum selling price of one share in the Price per share field.

When you fill in Quantity and Price per share fields you will see the transaction amount in a row Amount located below.

When the « Buy» button is pressed it performs a check of sufficient funds amount on the balance of the buyer. If the buyer has enough funds, the specified number of “buy share” orders will be created.

In case when you buy the shares at an unbeatable price, your orders will be displayed in a new price group in the Demand column of the table of orders.

In case when you buy the shares at an existing price, your orders will be added to the existing price group.

Your orders are displayed in the orange box at the left part of the table of orders in the Demand column (circled in orange. Img.11). In the left part of the orange box is the cross. When you press the cross all your orders in the price group will be deleted.



2 Dealing in shares

If the “sell share” and “buy share” orders are in the same price group at the same time, the deal between buyer and seller will be occurred (Img.14).








Img.14 – Example of the table of orders.


Transactions are carried out at the price specified by the user.

Buying\selling shares frequency is set by the Uinvest.

When a transaction ends the orders will be closed and deleted from the table.

The number of “buy share” orders is not equal to the number of “sell share” orders as a rule.

To determine which orders will be closed and which ones will not, you should compare the parameters of Order № (par. 2.2.2 Open Orders tab description).

Orders with the smaller value of Order № will be closed first.

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