Comment on Bracket Orders & Trailing Stoploss (SL)

Varun commented on 05 Jun 2014, 10:04 AM

Hi Nithin,

I was able to place the order after you checked, wonder why the support staff is not aware that the bracket orders for options is now available?

On another note, I mostly use the web platform for trading coz the software version doesn’t work from my office. I have noticed for quite sometime now that in the dropdown box where we select MIS and NRML, two new options for BO and CO are now available.

Out of curiousity, I tried to use the BO mode and placed an order to write some options. Immediately after I entered the sell order, I noticed in the order book, that there were corresponding reverse orders placed by the system (I sold 18 lots of options and saw 4 revers buy orders executed automatically (for 1 lot, 4 lots, 6 lots, 4 lots – I hope that doesn’t mean I get charged brokerage for each of those orders separately?)

later I went back to my normal and familiar MIS trading mode, however, to my surprise when I checked the position book, I noticed that out of the 18 lots that I sold using product code BO, only 15 had been squared off, and the remaining 3 were still pending. The support guy at the call-n-trade had very little clue on what to do, but after trying “Partial Square Off”, and then another sell order (don’t want to go into details of those), I was able to get my net qty to 0 for both the product types.

Can you look into these issues:

1) If BO is not ready on web platform yet, better reject the order if anyone tries to test it out, like I did today, or remove the option from the dropdown all together.

2) Provide some more information to the support staff on these issues and how these can be fixed.

1) If the BO option can actually be made functional like it works in the software version, it would be really useful – but without all the bugs please 🙂

Thanks
Varun

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