GTT orders enable clients to place buy or sell orders specifying 3 types of price
condition with 364 default timeframe validity for execution. However, in the event
of corporate actions (such as stock bonus, rights issue, splits, mergers, etc.),
these orders may be subject to adjustments or cancellation to avoid unintended execution
or market disruptions. This document outlines our policy for handling such orders.
1. Details of GTT Orders
- Accessibility: Client login only (IBT / Mobile / Browser) : The GTT feature is available
only for client logins. Dealer logins do not have access to this feature.
- GTT Orders: Orders remain in the system until a pre-defined trigger condition
(price or time-based & *margin-based) is met or the order is cancelled by the client.
Subject to client having margin.
- The client has to maintain adequate margin for execution of the trade
- Order Validity: 364 Days Default Order Validity.
- Price Condition:
- Price is Below: Order Trigger by system and placed order @Mkt when LTP comes below
trigger price specified.
- Price is Above: Order Trigger by system and placed order @Mkt when LTP comes above
trigger price specified.
- Immediately: Order placed Immediately @Mkt at time of GTT Order placement.
- Combination of GTT Orders: Client can place GTT orders in any combination of Main
Leg, StopLoss and Target Price or any one of three by selecting check box.
Note:- In case the client has put both StopLoss and Target in the order, in that
case: If StopLoss is triggered the Target order will be automatically cancelled
If Target has happened StopLoss will be cancelled i.e. StopLoss and Target is having
OTC (One Other Cancel) relationship
2. Handling of GTC/GTT Orders During Corporate Actions
In the event of a corporate action, such as stock split, bonus issue, rights issue,
mergers, or any other action that affects stock prices or volumes, the following
mechanisms will be applied:
Order Cancellation: GTT orders that remain unexecuted at the time of the corporate
action may be cancelled to prevent any unintended execution at erroneous prices.
The client will be notified promptly of the cancellation.
Order Retention: In some cases, where the corporate action is not expected to result
in substantial changes to stock prices (e.g., dividend announcements), the unexecuted
GTT orders may be retained. However, the final decision will rest with the Member
and will be communicated to the client case to case basis.
3. Client Notification Timeline
We are committed to providing information before start of trading to our clients
regarding upcoming corporate actions and the impact on their GTT orders.
Clients will be notified through their registered communication channels (email,
SMS, or the trading platform).
For any queries regarding this policy or to clarify the status of your orders during
a corporate action, please contact our customer service team at adminretail@sunidhi.com