GTT Orders
Can client modify and delete the GTT orders?
Client can modify and delete active GTT orders. If client placed a GTT along with a base order, the base order needs to be completely executed at the exchange. Only in this case the GTTs will be made active.
How client can place GTT orders?
GTT orders can be placed either on a stand-alone basis or along with a base order. Steps to place a stand-alone GTT order: Client need to select the stock for which he/she want to place the GTT order.Visit the company page and click on more options ...
What are the conditions for Entry Price?
There should be a price gap of at least 0.5% between Last Trade Price (LTP) and Entry price of any leg of GTT. There should be a price gap of at least 1% between both legs of GTT if OCO GTT is being placed along with normal order. Relation between ...
What are the types of GTT?
There are two types of GTT orders - Single – Only 1 Entry Price is required with the order Price and Quantity. OCO (One Cancels Other) – 2 Entry Prices are required with the order Price and Quantity (Can be considered as 2 legs). When any one of the ...
How many GTT orders can I place at once?
A maximum of 50 Active GTTs are allowed per user.
What happens when the GTT entry price is breached?
When the pre-conditions are met, the order is placed on exchange. However, note that the trigger set is valid only once. So if the order is placed at the exchange and didn’t get execute for any reason, the GTT has to be placed again by you.
Is GTT applicable on all stocks?
This type of order is valid for all NSE, BSE Cash and NSE F&O scrips. GTT orders are valid for 365 days from the date of creation or till the expiration date of the contract, whichever is minimum.
What is GTT?
Good - Till Triggered (GTT) orders are basically a price alert based order placement or trigger based orders. When a pre-set trigger (Entry Price) is breached, only then the order is placed with exchange to execute the order.
Why use GTT?
You don’t need to monitor prices daily You can set trigger prices outside the current circuit limits (DPR) of the stock You will be notified when the entry price has been breached and the order is sent to exchange