General

What are the options for “order validity”, “disclosed quantity”? Where can I see them?

To view these additional options just click “Charges & More”

- Day: TIt remains active for the trading day on which it is placed, if not executed (fully or partially) by market close, the remaining quantity is automatically cancelled.

Example: You place a buy order @ Rs.100 as a day order, if the price does not reach Rs.100 during the day order will expire at the end of day.

-IOC (Immediate or Cancel): The order is executed immediately (fully or partially), and any unexecuted portion is automatically cancelled

For example, Mr. A puts in an IOC order to buy 100 shares of ITC at Rs. 450 but only 50 shares are available @ Rs.450

In this case, 50 shares are executed @ Rs.450 and remaining 50 shares are cancelled immediately (not moved to next available price)

Disclosed quantity: It is the portion of your total order that is visible to the market in the order book.

For example, you place a buy of 1000 shares of a stock

Disclosed Quantity= 200

- Market will see only 200 shares

- Once 200 gets exected, the next 200 is shown automatically till my order is fully executed.

In NSE & BSE, the Disclosed Quantity (DQ) should not be less than 10% of the Order Quantity and greater than or equal to the Order Quantity.