GTT Orders
A GTT order stands for Good Till Triggered order. It's a type of order used in trading, particularly in stock markets, where the order remains active until a specific price condition is met (triggered).
This facility is exclusively provided by Tradebulls Securities and not by the exchange.
GTT orders are allowed only in the Equity cash segment (NSE & BSE) for Delivery trades.
Terms & Conditions
The Client understands, agrees and is aware that:
- During period of high markets volatility, sometimes there is a chance that both Target and Stop-loss orders could get executed almost simultaneously.
- Client Acknowledgement and Acceptance: The client agrees and accepts that he/she will not hold Tradebulls Securities (P) Limited (referred to as Tradebulls), their directors, officers, or employees liable for any loss that may be sustained as a consequence of availing of this facility. All terms and conditions of the agreement that are executed shall remain effective and in force in all respects until terminated in terms thereof.
- The client agrees that the facility provided by Tradebulls Securities (P) Limited (referred to as Tradebulls) is an additional service and understands that alternative means such as online platforms, mobile applications, etc., are available for placing orders. The client acknowledges that Tradebulls shall not be responsible for any losses, including notional or actual, arising from the client's usage of this facility.
- The Client acknowledges and agrees to the following regarding margin requirements and adjustments for order placement:
- Initial Margin Block: Once the order gets triggered, the margin shall be blocked at the applicable margin requirement of the order value.
- Order Modification: In the event of order modification, the required margin shall be re-calculated. Any excess margin shall be released, or additional margin required, if any, will be blocked accordingly. The Client acknowledges that margin requirements are subject to change based on market conditions and regulatory requirements.
- The Client acknowledges and agrees to the following regarding the Second Leg order placement and execution:
- Market Rate Execution: The Second Leg order shall be placed for execution as and when the prevailing market rate reaches the trigger price set by the Client.
The Client acknowledges and agrees that the order shall be triggered in the limit price once the prevailing market rate reached the trigger price set by the Client. - Non-Guarantee of Reversal: The client acknowledges that Tradebulls does not guarantee or assure the reversal of the position at the stop-loss price of the client.
- Limitation of Liability: Tradebulls shall not be liable for any loss, notional or otherwise, due to a difference in execution and the stop-loss price.
The Client understands and accepts the inherent risks associated with market fluctuations and order execution variations.
- Market Rate Execution: The Second Leg order shall be placed for execution as and when the prevailing market rate reaches the trigger price set by the Client.
- Client Responsibility and Trade Discrepancy Resolution:
- Market Monitoring: The Client shall keep track of the market and execute/modify stop-loss orders as per their risk parameters.
- Denial of Trades: The Client cannot deny trades solely based on the high leverage utilized. It is the Client's responsibility to manage and monitor their trades effectively.
- Discrepancy Reporting: Any discrepancy in trades should be immediately brought to the notice of Tradebulls by writing to feedback@tradebulls.in.
- Timely Reporting: Discrepancies, if any, must be raised within 24 hours from the trade date to ensure prompt resolution and investigation.
- All trades are subject to the bye-laws, rules, regulations, notices of exchanges, and regulations/circulars issued by SEBI.
- Tradebulls shall not be responsible for any losses, obligations, or liabilities arising from delays in order cancellation.
- Tradebulls may discontinue this facility at its sole discretion without prior notice to clients at any time.
- I confirm that I / we have read and understood the Risk Disclosure Documents and the risks associated with trading in stock markets, as well as the Rights and Obligations applicable to stockbrokers and depositories and Depositories and the Dos and Don'ts and confirm to abide by the same at all times.
