Leading stock exchange BSE has deferred the launch of multi-legged order entry facility in its equity derivatives segment.
It did not give any reason for deferring the launch, which was scheduled for today.
The new facility will allow traders to place a combination orders across different futures and options contracts. They will be able to purchase or sell a variety of different futures and options at the same time which, in other instances, would have required separate orders.
"Release of multi-legged order entry facility in the equity derivatives live trading environment has been deferred until further notice," BSE said in a circular.
The exchange, in May, had said that facility would be launched on July 20.
The multi-legged facility will help traders incorporate more advanced derivatives trading strategies. Besides, they will only have to pay one sales commission as against the current practice of several fee.
With this facility, traders will be able to place orders across 2 or 3 or 4 contracts through a single combination order. A maximum of four legs will be allowed in the multi-leg order and their execution will be linked to each other.
"Each leg of the multi-legged orders shall be executed in the ratio of its order quantity, either fully or partially. For eg: if Buy Leg1 order quantity is 400 and Sell Leg2 order quantity is 300 then the execution of trades shall be in the ratio of 4:3, else the order shall be cancelled," the exchange had said.
