{"id":4000,"date":"2023-03-08T06:27:22","date_gmt":"2023-03-08T06:27:22","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=4000"},"modified":"2025-01-20T14:09:18","modified_gmt":"2025-01-20T14:09:18","slug":"introducing-oco-one-cancels-other-gtt","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/introducing-oco-one-cancels-other-gtt\/","title":{"rendered":"Introducing OCO (One Cancels Other) GTT"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Rapidly fluctuating stock prices making your heartbeat dance? We have a solution.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Paytm Money has come up with yet another innovation to enable investors and traders to execute their trades without monitoring prices continuously and covering both their Target trades and Stop-loss.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We\u2019re introducing OCO (One Cancels Other) orders\u2014an additional boost over our existing GTT feature. The OCO GTT feature allows you to place both Stop Loss and Target legs in the same instruction with respective trigger prices. Whichever leg trigger price is reached first gets executed, and the other leg is automatically cancelled.<\/span><\/p>\n<h2><strong>Why should you place OCO GTT instructions?<\/strong><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cover price movements on both sides (Stop Loss and\u00a0 Target legs) of your position using OCO GTT.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Say goodbye to continuous price monitoring. Orders will be placed as and when the selected price is triggered.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Long validity of instruction up to one year or scrip expiry, whichever is earlier.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No additional charges for placing OCO GTT instructions. The usual order charges will be valid only once OCO instruction is triggered on the price match.<\/span><\/li>\n<\/ul>\n<h2><strong>How to place OCO GTT instructions on Paytm Money?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">You can place both Buy and Sell OCO on Futures &amp; Options and Sell OCO in Equity.<\/span><\/p>\n<p><em><strong>Steps to create OCO GTT orders on Paytm Money:<\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Step 1- <\/strong>Go to the company page for which you wish to create OCO GTT and click on \u2018Create GTT\u2019.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5248 size-large\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2023\/03\/SS-6-500x1024.jpg\" alt=\"\" width=\"500\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-6-500x1024.jpg 500w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-6-146x300.jpg 146w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-6-768x1574.jpg 768w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-6-749x1536.jpg 749w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-6-999x2048.jpg 999w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-6-scaled.jpg 1249w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Step 2-<\/strong> Go to the \u2018OCO\u2019 tab. In case you\u2019re looking for OCO for Equity cash, only Sell OCO is applicable, so click on Sell transaction type and proceed to the \u2018OCO\u2019 tab.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5250 size-large\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2023\/03\/SS-1-1-500x1024.jpg\" alt=\"\" width=\"500\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-1-1-500x1024.jpg 500w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-1-1-146x300.jpg 146w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-1-1-768x1574.jpg 768w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-1-1-749x1536.jpg 749w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-1-1-999x2048.jpg 999w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-1-1-scaled.jpg 1249w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Step 3-<\/strong> Select the Target and Stop-loss trigger prices and market\/limit execution prices for the order trigger.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5249 size-large\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2023\/03\/SS-2-1-500x1024.jpg\" alt=\"\" width=\"500\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-2-1-500x1024.jpg 500w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-2-1-146x300.jpg 146w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-2-1-768x1574.jpg 768w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-2-1-749x1536.jpg 749w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-2-1-999x2048.jpg 999w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-2-1-scaled.jpg 1249w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Step 4-<\/strong> You\u2019ll get a confirmation screen confirming your GTT instruction.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5251 size-large\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2023\/03\/SS-3-1-500x1024.jpg\" alt=\"\" width=\"500\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-3-1-500x1024.jpg 500w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-3-1-146x300.jpg 146w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-3-1-768x1574.jpg 768w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-3-1-749x1536.jpg 749w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-3-1-999x2048.jpg 999w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-3-1-scaled.jpg 1249w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Step 5-<\/strong> You can always view your overall standing and triggered GTT instructions from Stock instructions in the account section.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5252 size-large\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2023\/03\/SS-5-500x1024.jpg\" alt=\"\" width=\"500\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-5-500x1024.jpg 500w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-5-146x300.jpg 146w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-5-768x1574.jpg 768w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-5-749x1536.jpg 749w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-5-999x2048.jpg 999w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-5-scaled.jpg 1249w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p>\n<h3><span style=\"font-weight: 400;\">Example of OCO order:<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Say, you have Tata Motors stock trading currently at Rs 771.10. Now, you may have a Sell\u00a0 target with, say, 0.94% profit at Rs 779 or a Loss target of, say 1% at Rs 764.05.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So in this case, you can set up Sell OCO instruction for Paytm as below:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Based on the trigger price, whichever is reached first, your Stop loss\/ Target leg, will be activated. If you have placed a limit price, then the corresponding limit order will be sent to exchange else once triggered, the order will be sent at the market price:<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5249 size-large\" src=\"https:\/\/paytmmoney.wpengine.com\/wp-content\/uploads\/2023\/03\/SS-2-1-500x1024.jpg\" alt=\"\" width=\"500\" height=\"1024\" srcset=\"https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-2-1-500x1024.jpg 500w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-2-1-146x300.jpg 146w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-2-1-768x1574.jpg 768w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-2-1-749x1536.jpg 749w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-2-1-999x2048.jpg 999w, https:\/\/www.paytmmoney.com\/blog\/wp-content\/uploads\/2023\/03\/SS-2-1-scaled.jpg 1249w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p>\n<h2><strong>How is it different from a bracket order?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">While the functionality is similar for both order types, to prevent a trader on both Stop-loss and Target sides of their order; the main difference is in validity. While Bracket orders are relevant for intraday, OCO is a GTT instruction, so it\u2019s valid for 1 year or scrip expiry, whichever is earlier.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Secondly, at the time of price trigger, in the case of OCO GTT, the order is placed as delivery\/overnight types for Equity and F&amp;O respectively.<\/span><\/p>\n<h2><strong>Is OCO valid for both Equity cash and F&amp;O?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Yes, OCO instructions are valid for both Equity cash and F&amp;O.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, for Equity cash, since users will need to set OCO for their buy positions, only sell OCO is applicable. On the other hand, for F&amp;O, both buy and sell OCOs are applicable as users can have both buy and sell positions for which they\u2019re setting up OCO.<\/span><\/p>\n<h2><strong>How long are your OCO instructions valid?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Your OCO instructions are valid for a year or up to the expiry of the scrip, whichever is earlier. In case there is any corporate action on the scrip, then the order will be automatically cancelled before the ex-date.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Please note the instruction is valid only once. So, if once any leg of your OCO instruction is triggered but not executed at the exchange (suppose because the limit price isn\u2019t met) then you\u2019ll be notified immediately, and you can place the order manually.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Disclaimer:<\/strong> Investments in securities market are subject to market risks, read all the related documents carefully before investing. <\/span><span style=\"font-weight: 400;\">Paytm Money Ltd SEBI Reg No. Broking \u2013 INZ000240532. NSE (90165), BSE(6707) Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi \u2013 110019.\u00a0 *Refer <\/span><a href=\"https:\/\/www.paytmmoney.com\/stocks\/policies\/terms#gtt\"><span style=\"font-weight: 400;\">https:\/\/www.paytmmoney.com\/stocks\/policies\/terms#gtt<\/span><\/a><span style=\"font-weight: 400;\">\u00a0 for further information<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rapidly fluctuating stock prices making your heartbeat dance? We have a solution. Paytm Money has come up with yet another innovation to enable investors and traders to execute their trades without monitoring prices continuously and covering both their Target trades and Stop-loss. We\u2019re introducing OCO (One Cancels Other) orders\u2014an additional boost over our existing GTT<a href=\"https:\/\/www.paytmmoney.com\/blog\/introducing-oco-one-cancels-other-gtt\/\">Continue reading <span class=\"sr-only\">&#8220;Introducing OCO (One Cancels Other) GTT&#8221;<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":4007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-4000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-updates"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/4000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=4000"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/4000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/4007"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=4000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=4000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=4000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}