while we make order via mobile application for delivery, what should choose in validity& disclosed quantity column?
Validity has two options available as of now. You can make it Day or IOC. Day means the order is valid for the whole day and if there’s a matching order it will be executed. IOC means “immediate or cancel” - if this is chosen, the order will be executed immediately or canceled if there is no match.
Disclosed quantity allows you to disclose only a part of the actual quantity you want to buy/sell. Once the disclosed quantity is specified by the client, the order is sent to the exchange and only the disclosed quantity will be shown on the market screen. The disclosed quantity should not be greater than or equal to the order quantity and should also not be less than 10% of the order quantity.
Eg :- If the customer wants to buy/sell 2000 shares, with a disclosed quantity condition of 500 shares, only 500 shares will be displayed to the market at a time. After this is traded, another 500 shares will be automatically released until the order is fully executed. This is helpful if you’re sending out very large orders and don’t want to simply increase or decrease the price of a stock because of your quantity.
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