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Retail investors can now take advantage of yet another technological advancement in the world of stock markets. Kotak Securities, India's leading brokerage house, is the first broker to introduce a facility called Smart Order Routing or SOR, especially for its online retail clients. SOR allows an investor to automatically execute a trade at the best available price across multiple exchanges (currently NSE and BSE). This facility, until now, was only offered to institutional clients by the brokers.
The system automatically lets the investors and traders buy at the lowest price and sell at the highest price available across exchanges, at the time the order is placed. There is no additional charge for this service. Orders can be placed through the company's website www.kotaksecurities.com, its trading platform Keat ProX or even via mobile phone application offered by the company.
Speaking on the launch of this new service, B Gopkumar, Executive Vice President & Head Broking, Kotak Securities said, "In an environment where we have multiple exchanges, we at Kotak Securities were focused on providing a transactional interface which is easy to use for the investors. Our clients can now enjoy the benefit of Smart Order - a service that hunts for a higher price for a sell order and a lower price for a buy order across exchanges. Hence there's no need to manually search for a better price while placing an order. We believe that all investors should gain from this technology and place trades easily."
B Gopkumar, Executive Vice President & Head Broking, Kotak Securities
Kotak Securities Limited (KSL) may have proprietary long/short position in the above mentioned scrips and therefore should be considered as interested.
Analyst holding: Nil.
The views provided herein are general in nature and do not consider risk appetite or investment objective of particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with KSL.