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. There is no additional charge for this service. Orders can be placed through the company’s website www.kotaksecurities.com, its trading platform Keat ProX or even via mobile phone application offered by the company.
Speaking on the launch of this new service, B Gopkumar, Executive Vice President & Head Broking, Kotak Securities 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.”
About Kotak Securities
Kotak Securities Limited is a subsidiary of Kotak Mahindra Bank Limited and is the stock broking arm of the Kotak Mahindra Group. With 1346 branches in 426 cities, Kotak Securities processes over 3,00,000 secondary market trades everyday and has a customer base of more than 7,40,000 customers. Awarded the Best Broker in India by FinanceAsia in 2012, 2010 & 2009, KSL offers a wide range of financial products for its investors, including Stocks and Shares, Derivatives, distribution of IPOs, Mutual Funds and Insurance.
All figures are as on September 30th 2012
