Trade-to-Trade on WebNotes

How to find the list of scrips where MIS, cover orders or trading is restricted

Sun, 21 Jun 2026 00:00:00 +0000

The list of scrips where MIS, cover orders, bracket orders or trading itself is restricted lives in three places: a consolidated scrip-restriction file Zerodha publishes under Resources, Utilities on zerodha.com that names the allowed product types per scrip; the GSM , ASM , ESM and trade-to-trade surveillance lists that NSE and BSE maintain; and the live Kite order window, where a blocked product type is greyed out the moment you open it. A restriction is never hidden, but it is split across a broker file, the exchange frameworks and the order screen, and knowing which one to read saves a rejected order.

Why iceberg and MIS orders are not allowed for some stocks on Kite

Sun, 21 Jun 2026 00:00:00 +0000

Iceberg and MIS intraday orders disappear from the Kite order window for a stock when that scrip sits under a surveillance framework, in the trade-to-trade segment, has thin liquidity, or carries a narrow circuit band. In those cases Kite removes the MIS and cover order (CO) products and the iceberg slicing option, leaving only CNC delivery for that symbol. The block is not a glitch; it is the broker and the exchange withdrawing leverage and order-slicing from a scrip where same-day netting or hidden size would raise settlement risk or aid price manipulation.

Why market orders are blocked on T2T and debt instruments on Kite

Sun, 21 Jun 2026 00:00:00 +0000

Market orders are blocked on trade-to-trade (T2T) stocks and on debt-category instruments, including Sovereign Gold Bonds , on Kite ; only limit orders are accepted. The reason is liquidity. These instruments trade in low volume, so a market order , which fills at the best available price regardless of level, can execute far from the last traded price. On a thin order book a market order can fill a small quantity at a sensible price and the rest at a punishing one, committing a trader to a far larger or smaller cash amount than intended with no chance to react. Requiring a limit order forces the trader to set a price ceiling or floor, which is the protection these instruments need.

Trade-to-Trade segment rules

Wed, 20 May 2026 00:00:00 +0000

The Trade-to-Trade (T2T) segment is a settlement framework where every trade must result in delivery; no intraday squareoff is permitted, no inter-day netting. T2T is used as a surveillance restriction on scrips with elevated speculative activity or governance concerns.

How T2T works

Normal segment: Trades match continuously during the day; intraday positions can be opened and closed within the session (MIS). Inter-day positions are netted before delivery.

T2T segment: Each buy is treated as a separate trade requiring delivery; each sell requires delivery from the seller’s demat. No squareoff is possible.