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Submitting a Silo Spot Basis Bid |
  
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Submitting a Silo Spot Basis Bid |
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Introduction
This section explains how to submit a Silo Spot Basis bid to the Exchange.
Method:
| 1. | Ensure that you are logged in to the Safex Agricultural exchange, ensure  is your Swordfish selected exchange and ensure you have trading rights on this exchange. If unsure about your trading rights then contact your broker to verify your rights. |
| 2. | Access a previous used Silo Spot Basis watchlist on the Window menu or create a new Silo Spot Basis Watchlist |
| 3. | If instruments are listed in the watchlist click on any of the following quantity cells: Quantity Bid labeled as Qty B or Bid Price labeled as Price B. |
| 4. | The shortcuts for opening a Bid dialog box is the F2 key on your keyboard and F3 for an Ask dialog box. |
| 5. | See the Bid (Buy) window (below) for the Silo Spot Basis. |
| 6. | Enter values for Qty and Premium Price and verify the selected Principal and Dealer field values. |
| 7. | Click on the Submit button to send the bid to the exchange. If the bid was accepted by the exchange and if the order did not immediately trade view the order on the Silo Spot Basis Orders window. |
Note
| 1. | A user must have Swordfish Silo Spot trading rights to submit bids. |
| 2. | Bear in mind when submitting bids that you may be subject to restrictions in terms of quantity and or price, such restrictions placed by either the exchange or an intermediary such as a broker. |
Cancelling Silo Spot Basis Orders
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