Comment on Introducing GTT – Good Till Triggered orders

Balaji commented on 01 Aug 2019, 03:25 PM

First Kudos to Team Zerodha for bringing this much awaited feature.
I am listing a few enhancements (after placing few GTT orders on kite web)

1. The default Order type is Sell and Trigger type is OCO. Shouldn’t it be ‘Buy’ or there should be an option to select the default option.
2. The popup window for GTT should be movable on the screen so that we can see the actual quantity available with us on the Holdings screen
3. Why do one need to agree on the GTT everytime one places the order. Shouldn’t be agree forever option
4. Cancellation of GTT is not intuitive. Kindly update the help pages and make it more clear that only delete option is available for GTTs
5. How GTTs are different from Algo trading. Is it not an algorithm at your end that triggers these orders? Certain features (such as TSL) are considered algo and while GTT is not ? How do one know which feature is algorithmic or not? How does SEBI regulate the algo trading.

View the full comment thread »