Congrats on releasing the new feature
I have a question about the effect of Basket orders on order Rate Limits. Have Rate limits been relaxed (or don’t apply) when using basket orders or they remain unchanged? I am curious because as per this support page (referenced below), only 10 orders can be placed per second but the basket order allows placing up to 20 orders in one go. Also, what would happen if a person creates 20 baskets (& places 20 order each in every one of those baskets) and then proceeds forward with executing all those baskets one by one in less than a minute? Will the rate limit of 200 orders per minute apply in that case?
As a risk management measure, at Zerodha, a single user will not be able to place more than 2000 BO/CO and 2000 NRML/MIS/CNC/AMO orders per day. This restriction is across all segments.
There are also limitations at 200 orders per minute and 10 orders per second.
Rate limitations also apply for order modification where a maximum of 25 modifications are allowed per order.
I asked about this in another thread but couldn’t get a definite answer.
Also, another thing that I am interested in knowing is, what happens to the Basket once the basket order gets executed? Will it remain accessible so that we can use it to exit/square off the multiple individual order contained within it in one go somehow or will it be deleted/removed once the execution is done?