Quick Limit:

A Share Trading Limit provides a more flexible securities trading service to clients. When a client places purchase orders through the Brokerage house, he is not required to have sufficient funds in his settlement account at the time of the order placing. Provided that the total settlement amount for purchasing the securities does not exceed the total buying power, which is calculated on the aggregate total of the following items (1) the approved Share Trading Limit, (2) the sale proceeds from securities sold through the Brokerage House and pending for settlement, and (3) the total available funds of the client's account, the Trader will accept the purchase orders. Subsequently, the customer has to deposit the full settlement amount into the settlement account on or before securities settlement date.

But the process is not so smooth as is described; rather, there are lots of instances of mismanagement and frauds concerning this. Since the limit setting is a manual process, this is always a time consuming and retains the risk of error as well.  Quick Limit Setter is designed in such a well manner that no such problem will exist anymore.

Features:

• Entirely an automated system.
• It doesn’t conflict with the existing window where TWS is shown. It can be kept minimized.
• Authentication system is available through log in. therefore, an outsider beyond the registered client can’t use it.
• Limit checking feature is available for which a client can’t set the limit beyond his/her purchasing power.
• Multi user supported; that means no matter from how many PCs trading runs, it can support all of them.
• Generally the purchasing power takes some times to get updated, but it updates  as soon as the transaction completes.
• All kinds of limit reports and client status are provided time to time.

Advantages:

• From the client perspective, he has not to go to the trader , and from the traders perspective, they can maintain more works and thus trading environment becomes disciplined.
• User friendly.
• As authentication system is followed, no chance to be misused.
• As multiple users are supported, just one software is enough for each of the companies.