Mumbai : NCDEX, a leading agri commodity Exchange in the country has launched a new trading facility for placing spread orders for the market participants. This facility enables spread trading using day limit orders. This new order type will be available for the contracts in the same commodity with different expiry months.

The new facility will help save time and provide faster functionality as the market participants have to enter just one spread order for one spread trade. At the same time, it is safer as it eliminates the leg-risk.

Speaking on the launch, Mr. Samir Shah, MD In-Charge, NCDEX said “NCDEX has always been firm in giving the best services to the market participants and today by launching the new Spread Functionality; it will make a lot of difference in the trading pattern.

The market participants can take informed decisions and can be relaxed with a smooth, effortless trading experience. The advantage of having the LIMIT order type for spread trading is that one can just place a spread order and stay tension-free until it gets executed as the system maintains the time priority”

Source : Sachin Murdeshwar