In the matter of share trading execution, trade over phone facility comes handy to all customers, whether one has the internet access or not. Generally the dealing brokers or the financial institutions have Dealing Desk Executives to look after the requirements related to order placement and execution. Since timing is a very important factor in trades, the customer gets instant access to the Executive and secure trading is ensured. The timings of trade are pre-decided and are normally linked to the business hours of the exchange. Usage of the facility provided by the broker automatically means acceptance of the terms and conditions related to the trades, which are notified at the time of opening of the account.

Once the order is placed by the client using the Client's login id, it shall be deemed to have been placed by the Client himself. Unless the Exchange is specified by the client for execution of the orders, it shall be the prerogative of the broker to deal with the exchange of his choice. Some brokers offer the after market hour's facility to the clients. This is how it works. The client places orders during the market hours with the Executive for execution on the same day. Those enjoying the facility of after market hours can place the orders and the same will be executed on the next day business hours of the exchange.

The broker will execute the orders subject to the availability of the buying power/selling power as the case may be. The orders can be placed over the phone or through the Online Trading Portal. The broker is not liable to any duplicate order/cancellation or parallel notifications made by the client.

In case of orders for execution over the phone, the broker has the right and can use the discretion and without prior notice to the client, to record and monitor all telephone conversation between the client and the dealing executive on the other, to ensure an audit trial of the transactions placed. Such recording is admissible as evidence that shall be final and binding on the client.

Utmost care is necessary while placing orders for execution over the phone or through the online portal. The broker is not liable for damages for the non execution of any order caused due to circumstances beyond control, such as suspension, interruption, or non-availability or malfunctioning of the online trading services, software applications etc. If incorrect or incomplete data is provided, for the resultant error in execution, the broker is not responsible.

Service charges, brokerage, and the statutory charges are payable by the clients as per the agreed terms and conditions. The clients may check the status of the orders on the website.

All orders are executed by the broker in accordance with rules, regulations and guidelines specified by the competent authorities from time to time pertaining to secondary market for securities. The rules are subject to change, and the client is expected to have knowledge of the changed rules, whether specifically notified or not.

The client must have adequate knowledge about the actual cost of placing the order to buy/sell. On buys, the stamp duty as per the prescribed rates is required to be paid. Take care that you do not pay high administrative charges. Make an estimate of your annual deals and apportion the administrative cost accordingly.

With automation of the transactions and the internet facilities, stock trading execution works out as per procedures laid down, with speed and accuracy. From the point of view of the broker, he is able to handle the velocity of transactions in an efficient manner and from the point of view of clients there is clarity in trades.