Smart Order Routing FAQs

If an order is placed that exceeds the market depth (all exchanges combined), where will it be sent?

If the amount of an order is greater than the market depth (of all exchanges), the order will be split on the basis best price and depth. The remaining quantity will then be sent to the exchange with the higher market depth.


Market Depth

Qty    Rate    Qty    Rate
100    100    150    99

Order: Purchase 500

For the best price of 99, 150 quantities in NSE are available

100 BSE quantities available at the best price of 100

As the initial total NSE quantity is greater, 250 quantities are being sent to NSE.

What is SOR Routing (SOR Facility)?

What are the benefits of SOR?

Is there an additional charge for SOR?

Are SOR Routings allowed in all segments of the market?

Are SOR allowed in all Order Types?

Is it possible to use the SOR facility while placing After Market Orders, (AMO)?

What happens if I have only one Exchange?

Can I use SOR to place a limit order?

What is the SOR process?

What happens if the exchange rates and quantity are equal?

What happens if the exchange rates are the same?

If the amount of the order is greater than the market depth or the initial total quantity, where will the pending orders go?

How can I get my SOR orders squared off?

How is Preferred Exchange chosen?

Will I still be able to place an order for the exchange of my choice after activating SOR?

What happens if I use SOR for intraday buy and sell?