Comment on Introducing GTT – Good Till Triggered orders
It’s a great product, this is something that I suggested as Product Idea to ICICI Securities some 3 years back but those folks didn’t understand or were too arrogant to listen to their own customers.
I have a small question, why the product is being rolled out for CNC only and not for Options, Margins, and Futures segment. Maybe GTT for these products could be set only for a set period like 1 week and not for a 1 year. I think since the user itself is setting clearly define trigger and limit price he is totally aware of the risk in Rs value in case of stop loss.