General

What is OCO request in GTT?

In 'One Cancels Other' (OCO) trigger type GTT requests both 'Stop Loss' and 'Target' trigger prices can be set where one trigger shall immediately cancel the other. OCO GTT request can be placed along with the fresh order from the existing order placement page and also from the separate GTT tab provided under the 'Place Order' page. Customer is looking to buy June 8 Nifty 18500 CE @150 at the same time he will place a GTT request for Stoploss Trigger price of Rs 120 and Limit price of Rs 110 and Target Trigger price of Rs @200 and Limit price of Rs 115 and vice-versa for sell. Now if the stop loss condition is met then that order will be sent to the exchange for execution and Target price condition will get cancelled immediately and vice versa.