Policy on Handline of Good Till Cancelled (GTC)/ Good Till Trieeered (GTT) Orders
1. lntroduction
This policy outlines the procedures and protocols for managing Good Till
Concelled (GTC)/ Good Till Triggered (GTT) orders, offered by us, to ensure consistency and
protection of client interests in compliance with guidelines from the National Stock Exchange of
lndia (NSE), Bombay Stock Exchange (BSE) and the Securities and Exchange Board of lndia
(SEBI).
2. GTC/GTT Order Definition
GTC/GTT orders enable clients to place buying and selling orders
with specified price limits that remain valid until they are fully executed or explicitly cancelled
by the client or until the duration as specified by the client. This order type allows flexibility but
also comes with responsibilities to manage such orders during corporate actions.
'GTT order' is a feature which allows a user to set an order in advance for future execution
based on the anticipation of future price by the user. User will set a threshold or trigger price
and when such trigger price condition is met with the Last Traded Price of the scrip / contract,
the order of the user is placed in the exchange.
GTT orders have a validity of 365 days or contract expiry whichever is earlier.
3. Applicability
This policy applies to all new and existing clients who use GTC/GTT orders as
part of their trading activities with us.
4. Handling of GTC/GTT Orders during Corporate Actions
This GTT order does not assure
execution of an order and includes/involves all risks with respect to lnternet Based Trading, and
risks with respect to trading in the Capital Markets segments will extend to trading using the
GTT orders as well.
Cancellation or Retention
ln the event of corporate actions (such as dividends, stock
splits, mergers, price reset, etc.), unexecuted GTC/GTT orders will either be cancelled or
adjusted based on the nature of the corporate action. The price of the orders may be
reset, or the orders may be cancelled depending on the market conditions.
-
All GTT Orders triggered but not executed for any reason, or are cancelled
otherwise, shall have to be placed again, if desired to be executed.
-
Users cannot have more than 50 pending GTT orders at any point of time. So
new orders can be placed considering the pending slots.
Timeline of lntimation
Clients will be notified of any corporate actions that may affect
their GTC/GTT orders at least one day prior to the ex-date of the corporate action,
allowing them time to modify or cancel their orders if desired.
-
Where there is a significant impact/change in the scrip price due to corporate
actions (such as dividends, stock splits, mergers, price reset, etc.), the GTT may
be cancelled at the sole discretion of 'Broker name', on the Ex-date of such
corporate action effect taking place on the stock price.
-
A notification about such cancellation will be sent out one day prior to
cancellation. The action of cancelling such an order request through the GTT
Feature shall be at the sole discretion of 'Kalpataru Multiplier Ltd.' and
'Kalpataru Multiplier Ltd.".
-
The information will be provided to clients on their registered mail address via Email services of 'Kalpataru Multiplier Ltd.'.