Buying and Selling

Click on Buy/Sell in the Top Nav Bar. Type in the share or warrant code (see Code Lookup) and click on Get Data. If you clicked on a "Hot Link" the code will automatically be entered. On the right you will see the live price (not delayed) and trading information including the best 5 bids and offers with their volumes; plus the last 10 transactions.

• Choose to Buy or Sell.
• Select which BDA Account to use by clicking on the Drop-down Arrow then click on the correct BDA Acc you want to trade in.
• Type in the Price Limit, i.e. the maximum price you are prepared to pay or the minimum price you are prepared to sell at. Remember that the JSE is not a shop where the price on the shelf is static. If you enter a maximum price of R343.40 in this example you may not get the shares as they may have traded while you were entering your order or the seller could have cancelled his selling order. If you want to ensure that you get the shares enter a maximum price much higher because you will always trade at the best price available when the order is entered into the market. Example: type in a maximum price to buy of R345.00.
• Decide on how long you want this order to be in the market (Order Good Till Date), either today only, 1 week or a custom date. The order cannot expire on a weekend or Public Holiday.
• Click on Get Costs if you want to review costs first or on Submit Order to go to the Order Confirmation Page.

• Check your order, especially if it is a Buy (Text in Blue) or a Sell (Text in Red) and if you swapped the price and quantity by mistake. If satisfied you must type in your password again and click on Submit Order. Your order is now submitted to the JSE.
  
  

• Click on Order Status in the Left Nav Bar. You can view the current orders of the day. If the order is not yet entered into the market the status will read "Pending" or "Awaiting Authorization". If it is submitted the status will read "Open". If you have traded the status will read "Matched". Please note that I submitted the buy order with a maximum price of R345.00 when the best seller was offering 3045 shares at R343.00, BUT I actually traded at R342.80.
• Unmatched orders can be cancelled by clicking on Cancel in the "Delete Order" Column. Please remember that your order may trade while you are submitting the cancellation and can in such a case not be deleted as it is already matched.
  

You will receive an immediate trade confirmation via SMS once you have traded. You will receive a broker’s note the next morning via e-mail.