Broking houses have informed their clients that interoperability is now even applicable for overnight products and we have explained the same with an example below:
As per SEBI circular no. CIR/MRD/DRMNP/CIR/P/2018/145 dated November 27, 2018, it is mandatory for all stockbrokers to provide an Interoperability facility for all customers. In addition to the earlier changes, Interoperability will now be extended to overnight Products, whereby stocks bought on one exchange can be sold on any exchange on the next day.
Example:
If you have placed a Cash buy/Margin Buy CTD order in STABAN for 10 qty on T day on NSE, you will now have the choice to sell orders up to 10 qty on NSE as well as BSE on T+1 or T+2 day.
Below are the benefits you will get after this change:
1. Better price as you can get trades executed at the best price across exchanges.
2. Taking advantage of any Arbitrage opportunities arising due to price differences across exchanges.
3. Higher probability of order execution as you will be able to place trades on the exchange which has higher liquidity
You can make a daily profit with a small capital of Rs 5000-10000 every day using our Bank Nifty Option tips for Monday as we trade less but trade accurately and we have been rightly voted as the #1 Bank Nifty tip provider in India.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
