- Following are the various types of market orders which can be made through Jainam Pro 2.0: -
- Market Order:
If you want to ensure the execution of an order and you are not looking for a specific price of execution, you should use the Market Order option. In this type of order, the exchange will match the order quantity at the best possible price to ensure complete execution.
- Limit Order:
If you want to execute your order at or better than a predefined price and you are not concerned if the order does not get executed, if that price is not achieved, you should use the Limit Order option. In this type of order, the exchange will match the order price and only execute the quantity that matches the desired price.
- Stop Loss Trigger Order:
If the price that you want to execute your order is not yet traded and you want to wait till the desired price (Trigger price) is available in the exchange to submit your order, you should use the Stop Loss Trigger Order Option. You can execute the order at Market or Limit after your Trigger price is achieved.
- Intraday Order:
These orders are executed for a particular day only. The orders are automatically squared off at the end of the day if you do not square off the same.
- Delivery/Carry forward Order:
Once these orders are executed the position is carried forward for multiple days. These orders are not squared off by the system.
- Purchase Today Sell Tomorrow (PTST) Order:
Once these orders are executed they are automatically squared off the next day, if you do not square off before square off time the next day.
- Margin Trading Facility (MTF) Order:
These orders function the same as Delivery orders, but the Margin/Fund required for execution is usually less than that required for Delivery orders. This function is subject to authorization, contact us for the same.
- Multileg Order:
You can send two-leg or three-leg orders in Futures and Options contracts using the Multileg Order functionality.
- Spread Order:
You can send two-leg orders to be executed on the price spread instead of individual prices.
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