Where can one place both stop & target orders?

[camanoj]

Does any one know stock broker or trading platform or software that allows placement of two orders linked to each other: 1. stop loss order and 2. target order. On execution of any one order, the other order gets cancelled automatically. Margin is not blocked as the linked orders aim to square off existing position. This kind of orders are called OCA orders in the USA. OCA stands for One Cancels Another.

 

[soft_trader]

Does any one know stock broker or trading platform or software that allows placement of two orders linked to each other: 1. stop loss order and 2. target order. On execution of any one order, the other order gets cancelled automatically. Margin is not blocked as the linked orders aim to square off existing position. This kind of orders are called OCA orders in the USA. OCA stands for One Cancels Another.

Yes! Sharekhan is allowing this type of order, also known as Bracket order. But this is available only in BSE cash segment.

 

[comm4300]

Not available for NSE.

But, came to know that MCX allows it. Nest Plus software has that feature.


rgds,

 

[kazaan]

tx Camanoj - my question too. Is there a NSE regulation that prevents brokers from offering bracket orders (OCA) on NSE?

Also apparently, there is a SEBI regulation that only allows GTD orders (Good to day, you re-enter order the next day) and not GTC (good till cancel, order stays in system till its executed or manually cancelled, whichever is earlier, even if it it takes days/ weeks for order to execute) orders.

Is this true> Know of any online brokers that offer GTC and OCA on all stock and commodity markets?