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India: Kotak Securities Launches Smart Order Routing Facility
Source: egov.eletsonline.com
Source Date: Monday, November 26, 2012
Country: India
Created: Nov 27, 2012

Retail investors can now take advantage of yet another technological advancement in the world of stock markets. Kotak Securities, India’s leading brokerage house, is the first broker to introduce a facility called Smart Order Routing or SOR, especially for its online retail clients. SOR allows an investor to automatically execute a trade at the best available price across multiple exchanges (currently NSE and BSE). This facility, until now, was only offered to institutional clients by the brokers.

The system automatically lets the investors and traders buy at the lowest price and sell at the highest price available across exchanges, at the time the order is placed. Speaking on the launch of this new service, Kotak Securities, Vice President & Head Broking, B Gopkumar said, “In an environment where we have multiple exchanges, we at Kotak Securities were focused on providing a transactional interface which is easy to use for the investors. Our clients can now enjoy the benefit of Smart Order – a service that hunts for a higher price for a sell order and a lower price for a buy order across exchanges. Hence there’s no need to manually search for a better price while placing an order. We believe that all investors should gain from this technology and place trades easily.”
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