Online Trading

For whom is this facility available?

This facility is available only for online trading customers.

What is an AMO?

AMO stands for After Market Order. It is a facility that extends to its customers whereby they can place orders even after the trading hours of a particular day.

What is the advantage of an AMO?

An AMO has the following advantages:
a) It allows the customer to place an order even after the regular trading hours during which time he /she might have been busy.

b) Based on the fluctuations in the market on a particular day and taking into account factors such as the closing price of a particular commodity, recommendations on commodities given by Kotak Commodity, the customer might want to place an order using AMO which would be executed when the market opens the next day.

How can I place an AMO?

Now customers can place After Market Orders after the trading hours of a day. The process is simple and AMO's can be placed through website:

You can place AMO by logging on to your trading account on AMO can be placed from website between 11.30 pm to 6.30 am and 8.30 am to 10.00 am on all working days.

An AMO can be placed with a price band of +/-2% of the closing price at the end of the day. Any AMO for commodity that is beyond this price band would not be placed.

All AMO orders will be placed in the market in the order of the price bands i.e. all market orders will be placed first and then all orders on the basis of price band would be placed in ascending order.

Any AMO order placed can get cancelled before it getting placed at the exchange, in the absence of sufficient margins at the beginning of the day margin calculation process. Hence clients are requested to check the orders status during the market hours in the order report to find the status of the AMO order placed.

It is advisable to place limit orders i.e. at a specific price that is more or less closer to the previous day's closing price instead of market orders i.e. orders where price is quoted at 0, as there is a possibility of getting a freak rate because market orders are executed at the best possible counter rate.

eg. Gold Mini futures closing price on 05/08/2013 is Rs.29500.00

In case an AMO market order (i.e. rate is 0) is placed for buy 100 grams of gold mini and if this is the first buy trade to hit the market on 06/08/2013 and on the other end if the first sell trade to hit the market is Rs 30000.00/- then the buy order would get executed at Rs. 30000/- which would be a very high buy.

What are the timings for placing After Market Order (AMO)?

AMO can be placed from website between 11.30 pm to 6.30 am and 8.30 am to 10.00 am on all working days.

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BCE/TCM/CORP/0021, BCE Trading Member Id: 545, NCDEX/TCM/CORP/0479, NCDEX Trading Member id 00155, MCX/TCM/CORP/0479, MCX Trading Member Id 10440, NCDEX Spot Trading Member Id: 10040, SEBI registration no - INZ000044135