NSE Circular -- Market/Limit Order

There was a NSE circular in end of June. How this circular is going to affect people using algo trading using zerodha kite API? In particular, it talks about API accepting only limit orders and not market orders. So how it is going to affect API users? Would API stop accepting market orders or would broker convert it to limit orders before sending it to exchange?


Hello Shubh, would appreciate an update on this. Thx.

Will get back to you on this :slightly_smiling_face:

Since we don’t offer algos as a service, and all orders on Kite Connect are subject to the same risk management checks as all other orders from Kite, this doesn’t apply to orders from Kite Connect.

This circular is for people having algos registered at the exchange and firing orders directly into the exchange systems.

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