Comment on Cover Orders - For Higher Leverage

Hanan commented on 30 Dec 2013, 04:41 PM

Bala, we’ve discussed this with our developers and they have assured us that they’d look into it, but things don’t happen that quickly for a couple of reasons. Firstly, the developer and the broker has to demonstrate the modified version of the cover order to the exchange. Secondly and more importantly, the idea behind a cover order is quick entries and exits at market price. What you’re asking for is something like a bracket order or a trailing stop loss. Even that is being discussed and we hope to have more options for you very soon.

View the full comment thread »