What happens to my active Stop-Loss or Iceberg (Disclosed Quantity) orders?
All conditional or specialized orders—such as Stop-Loss orders and Disclosed Quantity/Iceberg orders—are automatically cancelled by the system at 3:15 PM when the transition into CAS begins. You will need to manage your open positions accordingly if you rely on automated stop-losses.
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What are Stop loss orders?
A stop-loss order is a buy/sell order that can help you limit your losses in case the prices move against your trade. If you are buying a stock, then you will have to add a sell stop-loss. If you have to sell a stock, then you will have to add a buy ...
How to place a Stop Loss order?
A stop-loss order is usually placed to minimize losses on a position. It allows you to place an order only when the market price of the stock reaches or crosses a specified price point also known as the ‘SL Trigger Price’. There are 2 types of ...
What happens to existing orders during CAS transition?
Limit orders within the price band are carried forward. Limit orders outside the band are cancelled. Stop Loss and revealed quantity orders are cancelled, while Limit EOS (End of Session) and Limit EOD (End of Day) orders are retained if they are ...
What happens to existing orders during CAS transition?
Limit orders within the price band are carried forward. Limit orders outside the band are cancelled. Stop Loss and revealed quantity orders are cancelled, while Limit EOS (End of Session) and Limit EOD (End of Day) orders are retained if they are ...
What is a Disclosed quantity order?
A disclosed quantity order allows you to declare only a part of the actual order that you want to buy/sell. Once you specify the disclosed quantity, the order is sent to the exchange and only the disclosed part is shown on the market screen. The ...