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Why is my order rejected with the message “Exchange error code 16387: Security is not allowed to trade in this market?”

Exchange-traded funds (ETFs) are not allowed in the pre-open market, which is why your order is being rejected with the above stated message. Likewise, orders with disclosed quantity are not permitted in the pre-open market.

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Is my order placed? / How to check my placed orders/Open Position

Common Rejection Reason explanation and action

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For which segments are MIS and CO orders allowed?

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