How is OFS different from normal market trading?

How is OFS different from normal market trading?

  1. 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.
  2. Investors can bid for a single share and can even place multiple order bids.
  3. All shares allotted to investors via OFS are settled on T+1 day.

    • Related Articles

    • 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 to 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 ...