NCMS (Trading Member)

Here’s a simple breakdown of how the NCMS for trading members works:

  1. When placing an order in the NCMS system, members need to input a custodial participant code (CP code).
  2. Members can change the CP code for their orders during market hours and until 4:15 p.m. after market hours. This can be done by uploading a CP code modification file in the specified format or directly through the NCMS interface. If a file is uploaded, then the system will show whether the records were successful or rejected along with the rejection code.
  3. Although the current system allows a single user to log in from multiple locations, our NCMS system is designed to work independently, allowing logins from multiple machines only if the exchange allows it.
  4. The interface includes options to filter data on the screen, and separate screens are available to view confirmed, modified, rejected, and approved trades.
  5. There will be color coding to indicate the status of approvals and rejections.
  6. The minimum time between requests for new data is currently set to 15 seconds. If the exchange changes this limit, users will be able to adjust their request times accordingly.
  7. If brokers want to view the Client Code (UCC) alongside the Custodian Code, they may need to upload specific files to the server. Brokers can upload a master file for this purpose.
  8. The new NCMS application includes validations that weren’t present before, such as preventing the selection of all trades in a single order.
  9. The system will allow for quicker modifications and updates compared to the previous application.

  10. There are shortcut keys available for quickly viewing reports and uploading data.

  11. In the modification window, you can only select from your existing CP, reducing the chances of errors.

  12. You can see the UCC Code/Client Code along with the CP Code across all windows.

  13. Both trade and action data can be accessed easily.

  14. You can export most of the data in a text format.

  15. Each report screen will display data with background colors indicating approval, rejection, or modification status.

  16. There’s an option to backup all unique trades.

  17. Users can set API fetch filtration options to view all trades, CP trades, or TM trades.

  18. Application data can be filtered based on the CP Code and Client Account for better organization.

2025 All Rights Reserved • Designed by Prerna Porwal

Go to Top