Multi leg order

[kingashutosh]

Is there any broker that allows you to place a multi leg order? Are the multi leg order in Bse and Nse. I am trading with RK Global. They have this feature in their software, but it doesn't work and they say that it is not allowed.

 

[bunny]

Irrespective of broker, you cannot have buy/sell legs in different exchanges. Ex: If you buy in BSE and sell in NSE, you will have to take delivery from BSE, and will bear a short penalty in NSE.

Once the shares are delivered to your demat account, then you can sell them in any exchange, regardless of which exchange you purchased from.

 

[kingashutosh]

Let me tell you that multi leg order is a simultaneous buy and sell order. This means that if some shares are bought at your order price, then a sell order is automatically placed at a higher price as specified by you. This is majorly done for speed trading.

Now, I want to ask if this is allowed or not. My broker has told me that it is only allowed in forex.