a) what is gala trade? this trade is a SL trade. Either a SL-L or SL-M
b) this is Futures trade. Also There is no dark pool in NSE and All trades must be reflected at exchange as per zerodha. The trade has a order number which can be verified at the exchange.
b) this is Futures trade. Also There is no dark pool in NSE and All trades must be reflected at exchange as per zerodha. The trade has a order number which can be verified at the exchange.
Gala is a Gujarati word for Gap.
Gala trade is old school thing in which brokers would not reveal the actual trade price to the client but charge client what he had asked for. It was a chronic problem in pre-computer era stock markets where average trader had no access to real time prices.
For example, I asked broker to buy XYZ at Rs. 100 at 10am. When my order reached the market floor, it was available @ 95. Broker would still inform me that he bought at 100.
Newspapers on next day used to carry EOD prices after which client's most common complain would be that price at which they traded was not even within the day's range.
In those days, ppl would only be able to detect a gala if they'd been hit with a gap so huge that it had landed their traded price outside the entire trading session. Small gaps that got covered before or after the trade in same session would be rendered invisible to average trader.
For e.g. Above gap would go undetected because LT F1 did make high above 1487 at around 12:45. Now we are able to tell that so&so price did not appear at 11:02-11:03 so the problem does not occur frequently and when it does we are able to zero it down to the second.
Has it been verified at exchange? What is the outcome?
Market making is permitted in F&O. It means that broker could fill orders of his client by assuming the opposite position
http://timesofindia.indiatimes.com/...s-market-making-in-FO/articleshow/8701536.cms
Last edited: