Comment on ZT-Spread Orders

Nithin Kamath commented on 21 Apr 2014, 12:45 PM

1. Yes you can
2. Spread order has an option of IOC(immediate or cancel), so it will get executed only if both the price is available otherwise both the orders get cancelled.
3. Margin depends on the position, in your example you will need 56000 to place both the orders.
4. Yes Margin benefit only once both the positions are taken.
5. You can square off one and hold onto your second position. For the second position you will require whatever is the individual margin ( either 30k or 26k, in your example)
6. If you are placing orders using product type as NRML you can hold for overnight, with MIS only for intraday .
7. Spread orders gives you a convenience of placing multiple orders at same time, margin benefit you get based on if the positions you take are hedging each other, that you will get irrespective of if you placing order using spread or directly.

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