What is the new VTT order type?

What is the new VTT order type?

The new VTT (Valid Till Triggered) order type allows you to place three legs of an order simultaneously:

· Price at which you want to buy: Set the price at which you wish to buy.

· Stop Loss: Define the stop loss price to limit potential losses.

· Target Price: Specify the target price at which you want to sell.

For each of these three legs, you can set both a trigger price and the actual price at which you want to execute the order. You can choose to place each leg at either a limit price or a market price, depending on your needs.

Key features of VTT orders:

· Trigger Validity: The trigger may hit on the same day or at a future date and is valid for up to one year until triggered.(for equity delivery)

· Execution Sequence: The stop loss and target legs will become active only upon the execution of the first leg.

Note: For regular VTT orders stop loss leg and target leg are optional.

 




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