With NSE's self-trade prevention mechanism in place, it aims to prevent clients from executing both buy and sell orders for the same scrip at the same price. This ensures fair trading practices. Now, let's delve into how this impacts Cover Orders (CO) on Tradejini.

Scenario Explanation:

Suppose a client initiates a Buy Cover Order (CO) at the market price, where the Last Traded Price (LTP) is 150. Simultaneously, they set a stop loss at 145. If the scrip's price falls to 145 before the first leg's execution, the stop loss order triggers.

Important Note:

In the event a Cover Order (CO) is left hanging without an associated target or stop loss order due to the self-trade prevention mechanism, clients have two options:

Square It Off Independently Place a counter order to the existing position using the Normal product type.

Contact Our Support by reaching out to our dealer desk at 080-40802660 or request assistance from our Risk Management Services (RMS) team to cover the position effectively.

For more details, refer to the CubePlus User Guide by Tradejini