What are the different product types available on Tiqs?

You can instruct your stockbroker to execute a transaction using a variety of order instructions. The following products are used as order instructions:

• NRML or CNC - You do not receive the benefit of additional leverages when placing an NRML or CNC order. The NRML option allows you to take overnight positions in F&O. Similarly, you can use CNC to execute cash delivery trades. When you buy shares, they are delivered to your demat account, and when you sell them, they are deducted from your demat account.
• MIS - The Margin Intraday Square-off gives you the ability to trade intraday with leverage. You are required to square off these orders during the day.
  MIS orders can take the following forms:
  • Regular MIS orders enable intraday trading with leverage.
  • A Cover Order (CO) is a type of order in which the buy/sell order is either market or limit and is accompanied by a mandatory stop-loss order. When using CO, you may gain additional leverage. Find out more.

The Market Wide Position Limit, or MWPL, is the volume ceiling set by exchanges for the trading of F&O contracts. New positions in the contract cannot be initiated once the MWPL exceeds a predetermined threshold. Find out more