Comment on Introducing GTT – Good Till Triggered orders
commented on
07 Aug 2019, 11:43 AM
I completely agree that Margin for buy order needs to be sorted out as otherwise completely kills the purpose for GTD/GTC/GTT
Sharekhan has handled this smartly. You create margin by putting some shares (no charge for creating margin) as this is just temporary. When order gets executed you have 2 days to settle. If you don’t than all types of charges come in picture as sharekhan has to sell blocked shares etc…otherwise its just a technical arrangement.
In Zerodha case, I even don’t mind to settle within 24 hours, if some similar arrangement is done. But purpose should be that GTT buy get executed at target/desired price.