How is OFS different from normal market trading?
- Unlike normal market trading, OFS is based on a bidding platform provided by the Exchange. All orders placed must be above the base price, also called as floor price set up by the company.
- Investors can bid for a single share and can even place multiple order bids.
- All shares allotted to investors via OFS are settled on T+1 day.
What is Currency Trading?
Currency trading refers to the exchange of currencies, where the difference in the currency value is used to make profits. It is a huge market, with traded value being higher than equities.
What is Algo Trading?
Algo Trading is also known as Algorithmic Trading or Black Box Trading. It has many different names as well. It is a process of executing programmed orders by putting in a few conditions using parameters like open, high, low, close, and volume.
How do I apply for Offer For Sale (OFS)?
Please follow below process to apply for Offer for sale (OFS). Through IIFL Mobile App: 1.Login to mobile app. 2.Click on Invest. 3.Click on Offer for sale and select the desired OFS you wish to buy. Through TT Web: 1. Login to ...
What are the market timings?
Exchange trading takes place on all days of the week (except Saturdays and Sundays and exchange holidays). Equity Cash and F&O: Pre-open Session: 09:00 hrs. and 09:08 hrs. for order entry and modification. Pre-open order matching: Immediately after ...
How does Currency trading actually work?
All currency trading is done in pairs. Unlike the stock market, where you can buy or sell a single stock, you have to buy one currency and sell another currency in the forex market. Next, nearly all currencies are priced out to the fourth decimal ...