Time for innovative order types

[Sathyamurthy_Ramanu1]

Now that SEBI new margin rules have almost taken away all the leverage, it is a good time to introduce the following order types:

1. A BO type normal / MIS order where the trader can enter - Entry price, SL Price and Target Price simultaneously, while placing the order. BO Code must be already with you. This new order type is just going to remove the leverage that BO used to provide.

2. An order type to enter and exit strangle or straddle long - short (at least for Index options) for a trader desired total straddle/ strangle price. For example, the trader is enabled to place a BUY a CE and a PE when the total price of this combo is X and also set stoploss at a predetermined total price.

Kindly consider introducing these order types.

Best Regards
R Sathyamurthy

[Sathyamurthy_Ramanu1]

@nithin Your attention please.

[nithin]

@Sathyamurthy_Ramanu1

• A BO type normal / MIS order where the trader can enter - Entry price, SL Price and Target Price simultaneously, while placing the order. BO Code must be already with you. This new order type is just going to remove the leverage that BO used to provide.
• An order type to enter and exit strangle or straddle long - short (at least for Index options) for a trader desired total straddle/ strangle price. For example, the trader is enabled to place a BUY a CE and a PE when the total price of this combo is X and also set stoploss at a predetermined total price.

1. How to place a buy GTT One Cancels the Other (OCO) order?.

Check this article. But we are working on making this much better.

2. There is a regulatory issue with this. It is considered as an Algo if a certain condition triggers the buy/sell orders like the way you have mentioned. This isn’t allowed on retail platforms.

[KamalChhirang]

Please also allow GTT OCO in MIS.