What will happen to pending GTT requests if customer has already placed normal square off order from Open position page?
Pending GTT orders will stay Active until it gets Triggered and it will be cancelled by system once triggered if there is already placed normal square off order.
Why did my GTT request get cancelled?
There could be various reasons for your GTT request being seen as Cancelled and they are as follows:
You may have cancelled your GTT request from the GTT book.
- If in OCO one condition (Stop Loss/Target Price) is ‘Triggered’ then the other is updated as ‘Cancelled’.
- In case of cover OCO if your fresh order is cancelled by you or rejected by exchange or if position quantity is less than the cover OCO GTT quantity.
- Insufficient limits available when the GTT request was triggered.
- If Index contract expires or Stocks monthly expiry EOS is done by I-Sec.
- In case of any Corporate Action in the underlying where you have GTT request.
- On trigger if the order does not meet the existing risk management checks applicable for ‘Order placement’ like; quantity, price, cumulative value checks etc.
Please note, if your GTT request gets ‘Cancelled’ due to any reason then it will be not be triggered for order placement by I-Sec and you may please place another GTT request in such cases.
Where can the active and triggered GTT request be tracked?
The active and Triggered GTT request can be tracked from GTT Book.
Can I place GTT request for Cover/Square off against an Open position?
Yes, customer can place cover/Square off OCO GTT request (Stoploss/ Target) from Open position page by clicking on Square off link and enable, Square off with GTT Toggle button.
Can customer place normal Square off order from open position page and has OCO GTT request (Active state) in GTT Book?
Yes, customer can continue to place normal square off order from Square off link provided in Open position page even if there is an active GTT OCO request.
What if the trigger conditions are met for cover GTT request but the position is closed or there is existing cover/square off order pending?
If square off order is placed and fully executed for open position Qty and customer has also placed GTT Cover OCO or Square off with GTT for same position and if the GTT Cover OCO requests gets triggered the request will be cancelled by system as there will be no open position Quantity available. You will be able to view the updated remarks against such cancelled request in GTT book.
What will happen to pending GTT square off requests if customer has already placed normal square off order from Open position page and position is closed and now client has recreated position in same contract?
The pending GTT Square off order request after getting triggered will check for any open position in same underlying contract and if it exists the GTT square off order will be sent to the exchange against the recreated position in the same contract.
What will happen to pending GTT request if it doesn’t get tiggered?
The pending GTT -request will stay Active status until the contract expires or you cancel the GTT request from the GTT Book
What is the validity of GTT order?
GTT Orders are valid for 365 days
What is GTT?
GTT is a Good till Triggered feature where GTT request is placed by customer and is held with I-Sec in GTT book until it is trigger or cancelled or expired, whichever is earlier.
How does GTT feature work?
GTT request can be placed for Buy/Sell in Futures & Options product and will be valid till triggered/cancelled/expiry of contract, whichever is earlier.
GTT request will be held with I-Sec and limit order(s) will be sent to exchange only when the price condition is met. Customers can choose a GTT request either with Single trigger type or One Cancels Other (OCO) trigger type.
In OCO requests both Stop Loss and Target trigger prices can be set where one trigger shall cancel the other.
Click here to view demo video.
Can all customers of ICICI Securities Limited avail GTT facility?
Yes, all online existing and new customers of ICICI Securities Limited who are eligible to trade in F&O can avail GTT facility.
Is GTT available for all F&O traded underlying and Contracts?
No, GTT facility is available only for the enabled underlying's in F&O and all enabled contracts under the enabled underlying. However, I-Sec can disable any of the stocks or indices or contracts at its discretion.
How to identify whether the contract is disabled for GTT?
When the customer places GTT request while selecting the contract itself the validation message will be displayed that the contract is disabled for GTT and you GTT request will not go through.
Do I need to allocate funds for placing GTT request?
No, you do not need to allocate funds while placing a GTT request. However, customers must ensure that sufficient limits are available in F&O segment during trigger to meet requisite margin required for the order.
How do I place a buy/sell GTT request?
You can place buy/ sell GTT request from separate GTT window given in the order placement page on the website.
Alternatively, you can place cover GTT either from existing place order page while placing fresh order or from the Open position page.
Click here to view demo video
What will be the validity of GTT request?
GTT request will be valid till it is triggered, cancelled or till expiry of the underlying contract, whichever is earlier.
What is Single trigger type in GTT?
Single trigger type GTT request is where you can set a single trigger price instead of both stoploss and/or target trigger prices require in OCO trigger type.
What is OCO request in GTT?
In One Cancels Other (OCO) trigger type GTT request, both Stop Loss and Target trigger prices can be set. However, one trigger shall immediately cancel the other.
OCO GTT request can be placed along with the fresh order from the existing order placement page and also from the separate GTT tab provided under the Place Order page.
Example: Customer is looking to buy June 8 Nifty 18500 CE @150 at the same time he will place a GTT request for Stoploss Trigger price of Rs 120 and Limit price of Rs 110 and Target Trigger price of Rs @200 and Limit price of Rs 115 and vice-versa for sell. Now if the stop loss condition is met then that order will be sent to the exchange for execution and Target price condition will get cancelled immediately and vice versa.
What is Trigger price & Limit price in GTT request?
Trigger price is the price at which your request will get triggered for sending order to exchange& limit price is the price at which your order will get placed at exchange.
Example: Say, you are placing Nifty 02-Mar-23 18000 CE- Fresh buy order @ 120 and GTT Stoploss Trigger price request of 100 with limit price 90(system picks trigger price as limit price which is editable and edited to 90 in this case). Your Stop Loss order will be sent to exchange when price reaches 100 with a limit price of Rs 90, this may help to avoid flash crash in price and big slippages.
Can I modify trigger or limit price of GTT request?
Yes, you can modify trigger prices (Stop Loss/ Target) or limit price for your GTT request from the GTT book.
Can I place only Target or only Stoploss request in GTT?
You can choose to place only Target or only Stoploss trigger price or both only in case of cover OCO GTT trigger type. In case of OCO GTT from GTT tab both Stoploss and target trigger price will need to be set. In case of single trigger type only trigger price can be set.
Please note all GTT orders will be sent as limit price orders where the limit price is taken same as trigger price set by you which is editable.
What happens to Stop-Loss if Target is triggered and order is sent to exchange?
In case of GTT OCO or Cover OCO request, when Target price is met and order is triggered then the stop-loss condition will immediately get cancelled.
Please note in case the triggered order remains open/unexecuted for the day then the order expires and the GTT request will no longer be valid. In such cases you may want to place your GTT request again.
What are the various statuses in GTT book against GTT request?
The statuses against your GTT request in GTT book are:
1. Inactive- The status of GTT request is 'Inactive' in case of your Cover OCO GTT request where your fresh order is not executed against the same.
2. Active- The Status of GTT request is 'Active' in case of Single GTT request is placed and for Cover OCO request your fresh order is fully executed.
3. Triggered- The status of GTT request is 'Triggered' in case:
a. Single GTT request is send to the exchange when the price is triggered.
b. Cover OCO GTT, where any one i.e., Stop-Loss or Target is triggered and sent to the exchange and other get cancelled immediately.
Cancelled- The Status is cancelled against your GTT request if the request is triggered but get cancelled.
Is GTT available on ICICIdirect apps?
Currently GTT – Equity and F&O is available on website and very soon it will be made available on mobile apps as well.