Comment on ZT-Spread Orders

Dilip commented on 20 Jun 2014, 10:51 AM

Thanks Nithin. Just two more confusion.

1. Taking your example of OCT-NOV future trading at 42. If I put limit at 40 – you mean to say the trade will occur at market at whatever rate above 40. So the contract I get is this: Bought 1 lot OCT future rate:**** and Sell 1 lot NOV future rate:**** with two trades
will I get a contract of a single trade – “Buy OCT Fut, Sell NOV Fut at 42.”

2. And out of curiosity. If this trade occurs will NSE actually buy 1 lot OCT FUT and Sell 1 lot NOV fut for me, or just sell this as a single trade to someone willing to buy this trade at 42. This one is very critical as I do not see much liquidity here. In that case a market order means I may sell it at 40 or even less.

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