Why are GTTs disabled, cancelled, expired, or rejected?

Estimated reading: 1 minute 83 views

A GTT order may face rejection for various reasons, ensuring a secure and smooth trading experience. Here are some possible reasons:

Holdings not authorized using CDSL TPIN for sell GTT orders:

For sell GTT orders, it is necessary to pre-authorize holdings using CDSL TPIN, especially if the trading account was opened without submitting the physical POA or DDPI.

Insufficient holdings in the demat account:

A GTT order is placed on the exchange when triggered, and rejection may occur if there aren’t enough holdings of the specific share in the demat account.

Series change or suspension of the share:

GTT orders are rejected if shares have undergone a series change.