Trading Procedures on the Orbita Notes Trading Platform

The Orbita Notes Trading Platform ensures a seamless, secure, and efficient trading experience for all participants. From placing orders to managing trades and settlement procedures, every step is designed to align with the principles of the Credit-to-Credit (C2C) Monetary System. Below is a detailed overview of the standard trading procedures, covering everything from order initiation to post-trade operations, to ensure transparency, efficiency, and compliance.

1. Accessing the Trading Interface

Participants begin by logging into the trading platform through secure online access. Multi-factor authentication (MFA) ensures that only authorized users can access the system.

Platform Login:
Use your credentials and complete authentication to enter the platform.
Access on Web and Mobile:
The platform is accessible on both desktop and mobile, ensuring flexibility.
Third-Party Platform Access:
Interim trading is available on platforms such as Stellarterm for active Orbita Notes like BTA1.

2. Selecting an Orbita Note to Trade

The trading platform provides a comprehensive list of available Orbita Notes in both the primary and secondary markets. Participants can browse the marketplace for the most suitable investment opportunities.

Primary Market Subscription:
During new issuances, select the note offering, such as BTA2 or BTA3, for subscription.
Secondary Market Trading:
View existing Orbita Notes like BTA1 and trade based on live market prices.

3. Placing an Order

Participants choose the order type and provide key parameters to initiate a trade. The platform supports multiple order types for flexibility in trading strategies.

Order Types Available:
- Market Order: Execute immediately at the best available price.
- Limit Order: Set a specific price at which the order will be executed.
- Stop Order: Trigger the order when the specified price is reached.
Setting Quantity:
Enter the number of Orbita Notes to buy or sell.
Confirming the Trade:
Review trade details, including fees, before submitting the order.

4. Real-Time Order Execution

Once the order is submitted, it enters the order book and is processed by the platform’s order matching system.

Order Matching and Execution:
Market orders execute instantly, while limit and stop orders wait for matching conditions.
Order Book Visibility:
All open orders are displayed on the live order book, adding transparency to the trading process.
Execution Confirmation:
Participants receive real-time notifications on the status of their orders.

5. Monitoring and Managing Open Orders

Participants can track and modify their orders from the order management dashboard.

Modify Orders:
Adjust price or quantity before the order is executed.
Cancel Orders:
Cancel open orders at any time before execution without incurring penalties.
Order Status Indicators:
Monitor order status (open, partially filled, or executed) in real time.

6. Settlement and Clearing Procedures

The platform ensures that all trades are settled promptly and securely, with funds and notes transferred within industry-standard timeframes.

Instant Trade Confirmation:
Participants receive a detailed summary of executed trades, including order ID and final price.
Settlement Timelines:
Settlements are completed swiftly, ensuring prompt ownership transfers.
Audit-Ready Records:
All trades are logged with complete documentation for compliance and audit purposes.

7. Trading Fees and Charges

The platform maintains transparent pricing for all trades to promote fairness and trust among participants.

Trading Fees:
Apply per transaction, with reduced fees for high-volume traders.
Management Fees:
Fund managers using the platform may incur annual management fees.
Fee Structure Overview:
Participants can view a detailed breakdown of fees for every trade before placing an order.

8. Risk Management Protocols

The platform provides integrated risk management tools to safeguard participants from market volatility.

Stop-Loss Orders:
Automatically execute trades to limit losses at predefined price points.
Position Limits:
Set limits to control exposure to individual notes and maintain balanced portfolios.
Circuit Breakers:
The platform temporarily halts trading if extreme market movements occur.

9. Compliance and Regulatory Monitoring

All trades adhere to the principles of the C2C Monetary System, ensuring that Orbita Notes remain aligned with compliance requirements.

Automated Compliance Checks:
Verify trades against regulatory standards before execution.
Governance Frameworks:
Access templates for aligning fund management practices with governance standards.
Regulatory Reporting:
Generate compliance reports for audits and regulatory filings.

10. Using the Platform During Development

While the full Orbita Notes Trading Platform is under development, participants can trade actively on Stellarterm or other third-party platforms.

Interim Access:
Buy and sell BTA1 and other Orbita Notes on Stellarterm, ensuring continuous market participation.
Seamless Transition:
Once the dedicated platform is launched, trades from third-party platforms will integrate seamlessly.

The trading procedures on the Orbita Notes Trading Platform are designed to offer participants an efficient, transparent, and secure trading experience. From order placement to settlement, every step aligns with the principles of the C2C Monetary System, ensuring that trades are executed with precision and compliance. With tools for real-time monitoring, risk management, and regulatory adherence, the platform empowers participants to trade confidently in both primary and secondary markets.

While the full trading platform is under development, participants can engage in active trading through Stellarterm and other interim platforms. Once launched, the Orbita Notes Trading Platform will enhance liquidity, transparency, and market access, cementing Orbita Notes as a cornerstone of sustainable finance.