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What is BTST offered by many Brokers of NSE/ BSE?

April 26, 2017brokers BSE btst NSE offered

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What is BTST offered by many Brokers of NSE/ BSE?

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Taking advantage of the Settlement Procedures of Stock Markets, which requires settlement of Trade on 3rd Day of execution, many Brokers have started offering their Clients / Day Traders the facility of BTST (short form of Buy today Sell tomorrow) at nominal extra cost (or NO Extra Cost by few) provided the financial interests of brokers are protected. These trades are to be sold on next day (or before 12.00 noon on 3rd Day). However Short Selling under this facility is not possible hence not available.