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Order Placement

Order Placement

What happens to cover Stop Loss order if the cover Profit order gets executed first?
On receipt of the first execution of the cover Profit order, the cover SLTP order will be immediately cancelled by the system and system will then nearly in a minute's time cancel the remaining cover profit order if full execution is not received and then will place a fresh order at market price for the cancelled quantity to ensure square off at best available price for execution nearest to the profit limit price execution received in case of part fill from exchange. Any profit/loss arising therefrom shall be borne by the client.