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Order Placement

Order Placement

What is FuturePLUS Stop Loss (i.e.With Cover SLTP Order)?

FuturePLUS Stop Loss (i.e. With Cover SLTP Order) is an intraday product having an order placement feature wherein you place two orders simultaneously wherein Fresh order will be a market/Limit order and with the second order you limit your loss on every position by necessarily placing a cover order specifying the Stop Loss Trigger Price (SLTP) and a Limit Price.

Since the FuturePLUS Stop Loss position gives a clear view of maximum downside involved in a particular position, ICICI Securities Limited (I-Sec) would block margin required for FuturePLUS Stop Loss product or maximum loss on that position, whichever is higher. ICICI Securities at its discretion may charge higher margin if it deems appropriate.