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Advantage AxisDirect

It is an option available only on BSE . While placing a market order in BSE, you can define the protection %. Protection % ensures that the actual traded price of the order does not deviate more than the defined % from the best available Price when the order hits the market . Example: If you place a Buy order at Market price for 50 shares of Axis Bank  ( price protection = 10% and the best offer price (BOP) = Rs. 1410 at the time order hits the market), then the order will get executed between Rs.1410 - Rs.1511 (1410 +141)