Retail investors will soon be able to execute a trade at the best available price across multiple exchanges. Called Smart Order Routing, this facility is currently offered by brokers only to institutional clients. But Kotak Securities is now offering this facility for its online retail clients as well.
The facility will be available for NSE and BSE, currently.
According to a press release issued by Kotak Securities, there is no additional charge for this service. Orders can be placed through the brokerage's website, its trading platform Keat ProX or even via mobile phone application offered by the company.
B Gopkumar, Executive Vice President and Head Broking, Kotak Securities said, “In an environment where we have multiple exchanges, we were focused on providing a transactional interface which is easy to use for investors.”
Using Smart Order - a service that hunts for a higher price for a sell order and a lower price for a buy order across exchanges - investors need not manually search for a better price while placing an order, he added.
