What is OMS? Why was my order rejected by OMS?
Order Management System (OMS) is a software system used by brokers to manage and send orders to the exchanges. The OMS helps the broker with real-time monitoring of orders with respect to the security being traded, price conditions, product type, availability of margins, etc.
When an order is placed by a client, it is first validated by the broker's OMS and if accepted, it is sent to the exchange for exchange-level validation and confirmation. In case the OMS conditions are not met, the order is rejected.
OMS rejections will be shown in your OMS Rejection Report.
|Common OMS Rejections
|Insufficient buying power- Not enough funds/margins for the buy order.
|Insufficient holdings- Not enough holdings for a sell order in the cash segment.
|Segment not activated- Not registered for the segment (F&O, commodity)
|Product type not activated- Not accepted the required T&C for products such as MTF.
|Orders blocked due to T+6 debit- Uncleared debits in your trading account.