I am sure dealer would also not know. This is where knowledge differentiates execution. I can show it to you if you want on remote...cheers
to brach manager
They explain that i trade deep in money coveres call
by buying call 61 and selling call 62 of usd inr
The bid price of 61 usd call has diff of 10 paise buyer at 1.23 seller at 1.34
so they wait till my prices come {seller at 1.29 -1.28 }
buy 100 200 lots and then sell 62 and or 62.5 calls which are near money liquid so if they used ICO order i will not get 61 call and order will cancel
May be i will look Eur inr and GB Inr options now also
If they use ICO it buys then at 1.34 and i loose 10 paise they only solution is
symphony presto which decide the differnce between 61 less liquid call and 62 much liquid call
When my price comes at 61 call it will buy 61 and sell 62 and if usd irn moves up to 62.5 i get 5-10 p and resevre trade which manual not possible
The trade is so headache that my broker is happy i am closing account with them :clap:
He said Ajay sir poora gyan le kar aaya karo aapka queston galat hai spread order se trade to hoga aapka price nahin aayega
The dealer said as spread order with them is not day order where as in symhony guy told me they order remain in sytem till price
Of 61 -62 call matching then executing on its own price only pachis hazar for ek sall and shantanu at symphony told i can place 50 differenct type orders with thsi sam software
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