Document

Order Rejections & Reasons

Modified on: Sat, 6 Aug, 2022 at 12:18 PM

TABLE OF CONTENTS

I am unable to sell shares bought yesterday. Why?

This is possible Scrips under T2T or Trade 2 Trade generally seen as BE or T series in the market watch cannot be sold without holding them in your demat account. This implies that you need to wait till the delivery which is Trade + 2nd working day to sell them. No intraday sell them Intraday or under BTST. T2T i.e, BE series, otherwise known as Trade to Trade segment cannot be sold without holding them in the demat account. This implies that if you buy them, you need to take delivery to your demat account and if you sell them you need to give delivery for the same. failing which it will attract high penalty. Hence, due care needs to be taken to not sell them Intraday and under BTST 


Why are my orders rejected if I place huge quantity of selling or buying? 

There is a maximum limit on quantity up to which an order can be placed. If the orders needs to be placed beyond that quantity, it has to be placed as multiple orders and cannot be placed as a single order. This is to avoid what is called " fat finger" error. This is like placing an order to sell 100000 shares as a typo error instead of keying in 1000 shares. To avoid this Exchange has prescribed few limits up to which single order can be placed and these differs from terminal to terminal. Below given are the various limits fixed by Tradeplus to protect clients from this error



Limits Set
Equity Cash Segment
Single Order Quantity
20000
Single Order Value
1 Crore
Total Buy Value 
25 Crores
Total Sell Value 
25 Crores
Turnover Limit 
1 Crore

Equity Derivative Segment
Single Order Quantity for Nifty
1800
Single Order Quantity for Bank Nifty
1200


Click here to see the quantity freeze limits set by Exchange


My orders in Options are blocked. Why?

You would have had an experience of being blocked from buying or selling few options and futures contracts and be wondering why. Here is the answer. Illiquid Options and futures are blocked as per Tradeplus’s internal Risk management policy in order to protect traders from been stuck with a position in the absence of counter parties to cover the same. For example if we allow to buy an illiquid contract, a client would be able to create a position in it by buying or selling the contract. A risk arises when the client is unable to square off the position due to non availability of counter party which is highly common in illiquid contracts. As a result of this, the client would necessarily be required to bring in additional margins failure of which would attract penalties These penalties will be on the broker for not taking due diligence to prevent trading in illiquid contracts. To avoid these we block illiquid contracts.


Illiquid Options contracts are blocked on the basis Expiry, Strike Price, Volume and Open Interest.  Click here to understand options contracts that are blocked in Rocket and Rocket Plus Trading Platforms. 



Why am I, sometimes, blocked from taking fresh positions even after selling for the required value?


You could have come across a situation where you were blocked from taking fresh positions in derivatives segment, even after you had sold any or all your existing positions and have sufficient sale value in the trading terminal. This would happen in a scenario as illustrated below. Let's assume that you had an Options carry over position.

 

Flow of events


Value of Carry forward Options positions  
 1 lakh
Uploaded Cash Margin
5000 (Opening)
Value of sale on squaring off the carried forward position 
85000

Take fresh positions using 85000 and do multiple intraday trades


Loss booked on the Intraday trades
15000
System will immediately block fresh trade


 

Reason for blocking in spite of having a net sale credit of 75000 (5000 of Opening balance+ 85000 of Sale proceeds -15000 of M-to-M Loss)

 

  • As per our RMS Policy, M-to-M loss of 15000 is due for payment on T date  (same date of Trade)
  • The sale proceeds of 85000 is however due from Exchange of T+1 date (Trade date + one Working day)
  • The available balance of 5000 is insufficient to cover the M-to-M loss of 15000 .  
  • Therefore, there a shortfall of 10000 to clear the M-to-M loss on the same day

Hence, fresh positions will immediately be blocked to adhere to Regulatory norms.

 

Alternate Solution to take fresh positions

 

In this scenario, we suggest you to make a pay-in for the portion of M-to-M loss that is still not covered. In this case, it is Rupees 10000 (15000-5000). The system will immediately unblock for fresh trades

Else, you may wait for a day and then take fresh positions.


Rejections in Rocket Plus Trading Terminal 

Rejection Message
Reason
210 - Validation Error. [LIMIT PRICE BEYOND CIRCUIT LIMITS]
Order placed is beyond or Below the circuit price
OEMS:[Block ASM/GSM Stock Selling From T1 Holding] Required Holding:[46] Total Holding:[0]  for entity [Client]across [ALL|ALL|ALL]
Scrip is restricted to trade as it is listed in GSM Or ASM category
OEMS:[Check Holdings] Required Holding:[1] Total Holding:[0]  for entity [Client]-across [ALL|ALL|ALL]
Holding not available in Demat Account
OEMS:[Default Margin Check] Set Limit:[0] Total Required Margin: Available Margin Shortfall for entity [Client]- across [ALL|ALL|ALL]
Insufficient Margin
OEMS:[RMS-Check Freeze Quantity NSEFO] Limit Exceeds. Required Limit:[1300] Set Limit[1201]  for entity [Client]- across [ALL|ALL|ALL]
Quantity Freeze set by the Exchange
OEMS: Admin Has Stop AMO Orders For Exchange Segment : MCXFO.
AMO Order Stopped
OEMS: Admin Has Stop AMO Orders For Exchange Segment : NSECM.
AMO Order Stopped
OEMS: Admin Has Stop AMO Orders For Exchange Segment : NSEFO.
AMO Order Stopped
OEMS:RMS Block [NONSQROFF] At  Block set for Entity Type: Client Entity Id: ALL Buy/Sell: SELL Product: NRML for Scrip: NSECM-All Series-All Symbol-All Opt Type-All Strike Price-All Expiry for entity [Client]-across [ALL|ALL|ALL]
Equity Selling not allowed in NRML segment
OEMS:RMS-Block Illiquid FO Contracts - Illiquid Contract : Condition : Total Traded Qty - Current : 0.00 <= Set Limit : 0.00  for entity [Client]- across [ALL|ALL|ALL]
Illiquid Scrip Blocked
OEMS:RMS-Check Options Strike Price Based On Spot Price - ITM CE options are allowed in the range for entity [Client]- across [ALL|ALL|ALL]
Stocks and Index Options which are up to 3% ITM will be allowed to be bought


Stock Options which are up to 5% ITM and Index Options which are up to 10% ITM will be allowed to be sold
OEMS:RMS-Check Options Strike Price Based On Spot Price - OTM CE options are allowed in the range for entity [Client]- across [ALL|ALL|ALL]
Stocks and Index Options which are up to 12% OTM will be allowed to be bought

Stock Options which are up to 15% OTM and Index Options up to 20% OTM will be allowed to be sold


OEMS:RMS-Reject Square-off Orders If Span Hedge Benefit Removed – Square-Off order is rejected. Margin requirement will increase for entity [Client]- across [ALL|ALL|ALL]
Un hedge will not be allowed



Rejections in Rocket Trading Terminal

 

RejectionReason
Additional deposit of Rs. 999996074.00 is required to place this order [Set Deposit = -999989999.00 ]     for the user If the account is under continuous debit for 5 days this rejection occurs. Clear the debit and keep the ledger under credit for one day. Orders can be placed on the following day

Insufficient Quantity in DPThere are no matching quantity of stocks in the demat account

Invalid value 0 in field OrdTypeMIS order placed in BSE Exchange which is not allowed. Place it in NSE

No access at User Level for UCC-T6341 (49018506)Segment is not active in Trading Terminal. Contact us

No access at User Level for ONLINE-T6341 in category Securities in BSE in Equity in Delivery Product for GSM0 Series/Group    (19729698)

Stocks are under GSM category and are not allowed to trade

No access at User Level for ONLINE-T6341 in category Securities in BSE in Equity in Intra-Day Product for LEMONTREE A Series/Group (43027412) Reason : Not eligible for Intraday

MIS order placed in BSE Exchange which is not allowed. Place it in NSE
No access at User Level for ONLINE-T6341 in category Securities in NSE in Equity in Intra-Day Product for ADANIGREEN EQ Series/Group (42955505) Reason : Not eligible for Intraday

MIS/Intraday is not allowed in this stock. Place under NRML and square off before the market closes
No access at User Level for ONLINE-T6341 in category Securities in NSE in Options for OPTIDX BANKNIFTY STRIKE PRICE (46606608) Reason : Illiquid Contract

Illiquid contract. Try placing order in different strikes/expiry
No NNF Id set for 93122502-T6341Segment is not active in Trading Terminal. Contact us 
No Trading Rights defined for profile ONLINE-T6341Segment is not active in Trading Terminal. Contact us 
Order entry not allowed in Pre-OpenIt is Pre open session. Wait and place when the normal market opens

Order quantity exceeds quantity value limit for the userCumulative Order quantity exceeded the prescribed quantity for a user. Contact us

Order value exceeds the order limit valueCumulative Order Value exceeded the prescribed quantity for a user. Contact us

QUANTITY [7258]: EXCEEDS TRANSACTION SIZE LIMIT [5000]Order Quantity exceeded for the particular instrument. Place the suggested order quantity

(3041191) - Single Max Order Value XXXXXXXX  for User UCC-T6341 in Category Securities in Exchange NSE in Derivative Market exceeds the set limit 50000000.00 set at User Level To Be Checked for ONLINE in Securities in NSE in Derivative

Order Value exceeds the prescribed single order Value limit. Reduce the order value and place the order 
Quantity greater than Freeze quantity.Order quantity exceeds the Exchange prescribe quantity level. Reduce the quantity and place order

The markets have not been opened for trading.Market is not open. Wait and place order when the market opens
The order has been canceled due to quantity freezeWhen the orders quantity is beyond the Exchange prescribed quantity level, it gets frozen and subsequently cancelled. Place for a lower quantity

The order has been canceled due to price freeze.Order is placed at a price beyond the Daily Price Range. Wait for the order to be unfrozen and place fresh order within the DPR

The trading system is not available for tradingIt is not a live Market. Place in Live market


Click here to to see all our RMS policies 

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