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hi welcome to the session on lifecycle of your trade well be seeing all the steps involved in your trade you know from where your trade begins and what are the steps it goes through and finally how it gets settled so i will be using this entire board and so since there are too many steps i need to be little conservative towards space uh ill begin from here so imagine an investor getting in touch you know with his research team research team it happens at the pre pre-trade stage this is the first step pre-trade also called as trade initiation stage trade initiation stage where an investor will get in touch with his research team and then he will get an idea about you know today in which market is supposed to trade what should be the quantity and for which stock is supposed to trade and then he will decide whether to be a buyer or the seller on that day lets say for this ah you know at this time we will we will consider this investor as a buyer he has decided to buy some shares okay