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Feb 17
2008
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New Trading RulePosted by admin in Untagged |
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We have added a new rule to our trading engine that prevents buying and selling the same stock within 30 minutes. You can, however, buy the stock at the current price and sell from a previously purchased lot.
Eg. You buy 100 shares of XYZ for today at 11am, and you pay Rs 100 per share. You cannot sell those shares till 11:30am. But if you had also pruchased the same XYZ company shares yesterday, you can still sell from that lot before 11:30am.
Our quotes are delayed by 20 minutes. We have noticed that some people may have access to real time quotes and they have been taking advantage of that information. If the quotes on the Sahihai site have not yet updated, but a stock has moved up, they would buy. After that they would wait for the quotes to refresh on Sahihai trading engine and sell immediately.
The 30 minute rule will remove the unfair advantage. If you have any other suggestions, please do comment.
Eg. You buy 100 shares of XYZ for today at 11am, and you pay Rs 100 per share. You cannot sell those shares till 11:30am. But if you had also pruchased the same XYZ company shares yesterday, you can still sell from that lot before 11:30am.
Our quotes are delayed by 20 minutes. We have noticed that some people may have access to real time quotes and they have been taking advantage of that information. If the quotes on the Sahihai site have not yet updated, but a stock has moved up, they would buy. After that they would wait for the quotes to refresh on Sahihai trading engine and sell immediately.
The 30 minute rule will remove the unfair advantage. If you have any other suggestions, please do comment.
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