Basket orders allows you to place multiple orders of scrips at the same time.
When you create a basket, all you need to do is to create multiple orders for similar or different securities and club them together. With a single click you can execute all orders at once.
This helps save time as all the orders in a single basket are placed together instead of one by one.
Features of Edelweiss Basket Orders
- Placement of orders across exchanges
- Basket can comprise of equity and equity derivative segments
- Add up to 10 scrips in a single basket
- Partial basket execution also possible
How Can I Place Basket Order Via TX3?
Here’s the simple process to create and execute basket order. All you need to do is:
- Log into the TX3 terminal.
- Click on trade (under Menu) and then click on Basket Orders and select Normal Basket to place a basket order. You can also use a shortcut for the same, which is Ctrl+B.
- You need to select/fill the scrip/contract details such as Exchange-Segment, Instrument name, Symbol, Order Type, Product Type, Validity, Qty and Price.
- Once done, click on the “Add” button or press the Enter key.
- Once you create the basket of orders, click on “Place” button to place your order.
Basic Concerns and Their Answers
1. Can I add scrips/contracts of different segment and exchange in the same basket?
Yes, you can. In fact, you can add any scrips/contracts across exchanges/segments.
2. Can I place multiple orders at the same time?
Yes, you can do so. Basket order allows you to place multiple orders at the same time.
3. Can I use basket order multiple times?
Yes, you can place multiple orders.
4. Is there any limitation to the number of baskets that can be created?
No, you can create multiple baskets.
5. Is there a limitation to the number of scrips that can be added to a basket?
Yes, there is. You can add up to 10 scrips in one basket.
6. Can I place orders for partial securities in a basket?
Yes, you can place order for partial execution of a basket.
Enjoy the ease of swift, multiple order placing with one click.
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