Basket Orders
Basket Order is a feature that allows the users to place multiple orders at one time.
This Section Contains:
How to create a Basket
Adding Securities to the Basket
How to Execute Order from a Basket
Resetting/Reactivating a Basket
How to Remove/Delete a Security from the Basket
How to Rearrange the Order of Securities in the Basket
How to Search for a Security within a Basket
Modify Order Condition of a Security added to a Basket
How to Duplicate an Order in a Basket
A "basket Order", also known as a Basket Trade, is a type of order that allows traders to place multiple trades simultaneously with a single click.
This order type is particularly useful for investors who want to execute trades in a large number of securities simultaneously or want to implement a trading strategy that involves multiple securities.
1. How to Create a Basket
To "Create" a Basket, follow these steps:
Tap on the option to "Create" a new Basket.
A pop-up page will appear, allowing you to Name your Basket. The maximum number of characters allowed is 20.
Set the name for the Basket and click on the "Create" Button.
A message will appear, indicating that the "Basket has been Saved". You will have two options: "Done" and "View Basket".
If you choose the "View Basket" option, you will be taken to the newly created Basket, where you can start adding Securities.
If you choose the "Done" option, you will be taken back to the Basket landing page.
2. Adding Securities to the Basket
"Add" a security to a Basket in four ways:
1) Adding from Basket Page
To "Add" a security from Basket page, follow these steps:
Click on the "Basket" you have created to open it.
Tap on the Symbol you wish to add.
This will open the Order Placement Page for that specific symbol.
Enter all the necessary Order details as desired.
Once you have updated the Order tab, click on the "Add to Basket" Button. This will add security with the specified conditions to the Basket.
2) Adding to Basket from Watchlist page
To "Add" a security from Watchlist page, follow these steps:
Open the "Watchlist" from which you want to add a security to your Basket.
Long press on any of the Symbol in the watchlist to open the "Edit" page.
Click the "Add to Basket" Button.
A pop-up of existing Baskets will appear.
You can choose to add the security to an existing Basket by clicking on it, or create a new Basket by clicking on "Create Custom"
If creating a new Basket, name the Basket and click on "Done" or "View Basket".
The securities will be added to the selected Basket.
Please Note: The default Order is "Buy" with a quantity of 1, and the Order Type is a Market Order. You can edit these details by clicking on the security name within the Basket.
3) Adding to Basket from Option Chain page
To "Add" a security from Option Chain page, follow these steps:
Open the "Option Chain" for the Expiration Date and Symbol you wish to trade.
Select the bid or ask price for the specific Call or Put Contract you wish to "Add to a Basket".
A pop-up page with a list of existing Baskets will appear.
You can choose to add the contract to an existing Basket by clicking on it, or Create a new basket by clicking "Create Custom".
If creating a new basket, name the basket and click on "Done" or "View Basket".
The contract will be added to the selected Basket.
4) Adding to Basket from Positions Page
To "Add" a security from Position page, follow these steps:
Open the "Position" page under Portfolio.
Long press on any of the symbols in the Positions page.
Once you have selected all the Symbols that you want to add to the Basket, click the "Add to Basket" Button at the bottom of the screen.
A pop-up with existing Baskets will appear.
You can choose to add the security to an existing basket by clicking on it or create a new basket by clicking "Create Custom".
If you are creating a New Basket, Name the Basket and click "Done and View Basket".
The securities will be added to the selected Basket.
Please Note: The default Order Type is "Buy" with a quantity of 1, and the order is a Market Order. You can edit these details by clicking on the security name within the Basket.
3. How to Execute an Order from a Basket
1) Execute Entire orders in a Basket
To "Execute" an entire order in a Basket, follow these steps:
Select the Name of the Basket you wish to Execute.
On the Basket page, you will see a list of the shares in the Basket.
At the bottom of the page, you will find "Execute Basket Order" Button.
Click on the "Execute Basket Order" Button.
The Orders for each security in the Basket will be send to the Exchange.
Once the Orders have been sent, the Sent Status will be visible against each security.
You can check the Open or Closed Order Book to see the status of the sent orders.
Please Note: There is No Order Confirmation for Basket Orders. It is important to verify all order conditions at the time of adding a security to the Basket.
2) Execute part of the orders in a basket
To "Execute" a part of the order in a Basket, follow these steps:
Select the Name of the Basket you want to execute.
On the Basket page, you will see a list of the securities in the basket.
Long press on any of the Symbol Names to select the security you want to execute.
Click on the "Execute Selected" Button at the bottom of the page.
All the Selected Orders will be sent to the Exchange.
Check the "Sent Status" to see if the orders have been sent.
The Sent Orders will be grouped under "Inactive Orders" and the orders that are not yet sent will be active.
Click on the "Execute Order" Button to send any remaining orders to the exchange at any time.
You can check the Open or Closed Order Book to see the status of the sent orders.
4. Resetting/ Reactivating a Basket
How to Reset a Basket
To "Reset" a Basket, folow these steps:
Click on the desired "Basket".
Locate and click on the "Reset Basket Order" Button at the bottom of the page.
The Basket is now active and ready for execution.
How to Reactivate a Basket
After a Basket Orders is sent to an exchange for execution, the orders within the basket become inactive.
To make these Orders Active again, the trader must Reset the Basket.
This will cause the Orders to be "Activated" again based on the original conditions, including the specified Prices and Quantities.
5. How to Remove/ Delete a Security from a Basket
To "Remove/Delete" a security from a Basket, follow these steps:
Open the Basket containing the security you want to "Remove/Delete".
This will open the Edit Basket page.
A Confirmation Page will pop up to confirm the Deletion.
Click on the "Delete" Button to confirm the deletion.
The security will now be Removed from the Basket.
6. How to Rearrange the order of Security in a Basket
To "Rearrange" the order of security in a Basket, follow these steps:
Open the Basket you wish to Rearrange.
This will redirect you to the Edit Basket page.
Simply click on a security and move it up or down to the desired position.
Once you have reordered the Basket, click on the "Save Changes" Button at the bottom of the page.
Your Basket has now been "Rearranged" and Saved.
7. How to Search for a Security within a Basket
To "Search" for a security within the Basket, follow these steps:
Open the Basket page.
Open the desired Basket by clicking on the Name of the Basket.
Click on the "Search" Tab provided at the top of the Basket page.
Type the "Symbol Name" of the security you wish to search for.
The Symbol will be Filtered and Displayed if it is part of the selected Basket.
8. Modify Order Condition of a Security added to a Basket
To "Modify" Order Condition, follow these steps:
Open the Basket containing the security whose Order Condition you want to Modify.
Click on the Security Name to access its Order details.
Click on the "Modify" Button on the pop-up.
This will open the Order Placement page for the selected security, showing the current Order Condition.
You can "Modify" any fields as desired.
Click on the "Modify Basket Order" Button at the bottom of the screen.
The Modified Order will be saved.
Repeat the process to modify the Order Conditions for any other securities in the Basket.
9. How to Duplicate an Order in a Basket
To "Duplicate" an Order, follow these steps:
Open the Basket containing the security you wish to duplicate.
Click on the Security Name to access its Order details.
Click on the "Duplicate" Button on the pop-up.
A Confirmation message will be shown.
The security will be added again to the same Basket with the same "Order Conditions".
You may Modify the duplicated order in the Basket if needed.
You can "Duplicate" the security as many times as you want, as long as the number of securities in the Basket does not exceed the maximum limit set for one Basket.
10. How to Rename a Basket
To rename a Basket, follow these steps:
Open the Basket page.
Open the desired Basket by clicking on the Name of the Basket.
You will be redirected to the Edit page.
Here, top of the page you can see the Basket name.
Click on the Box, erase the old name and then enter the new name as you wish (Maximum 20 characters).
Click on the "Save Changes" Button towards the bottom of the page.
Your Basket's name will be changed to the new name.
11. Basket Insights (COMING SOON!)
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