Why BO are blocked.

Imran
This may sound unrelated to API users but this affects us very much.
Because bo are blocked so we had to make changes to every product that we have made.

1. Change all our previous algo for all users who were having bracket orders.
2. In new products, we have to implement mechanisms that will keep the algo running with help of mis , when bo is blocked.
3. Robust features like trailing cannot be used if bo is blocked.


Why doesn't zerodha just remove leverage from bracket orders and allow it.
Leverage may be bad in volatility but bo features are very useful.

ps: I may be naive in my understanding

Thanks
  • themohammedfaisal
    Hi @Imran,
    Apologies for the delayed response.

    We've decided to pause bracket orders till volatility in the markets subsides. The way bracket order is designed by our OMS vendors(Thomson Reuters, now Refinitiv) is quite complicated adding a substantial load on our system.

    We've introduced GTT for Equity a while ago and GTT for Index F&O last week which you could use if you are looking at placing protection orders without the use of any leverage.

    Alternately, since you are an API user, you could build your own bracket orders using MIS by simulating stop-loss and target orders.

  • Imran
    @themohammedfaisal
    Thanks, sir. GTT will sort my issue.
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