Full Form of BTST
Buy Today Sell Tomorrow
BTST Full Form is Buy Today Sell Tomorrow. BTST is a unique facility related to buying and selling of shares. This facility is exclusively provided by the prominent stockbrokers and trade agencies. For example, this facility is provided by the ICICI bank through ICICI Direct, an expert agency of trading under the bank. BTST system is introduced to allow people to sell their shares even before they get the delivery of the purchased share in the Demat account.
In India, if a person purchases a certain amount of share on a particular weekday, he has to wait for two more working days to get delivery of these shares in his Demat account. This system is called T+2, and it excludes the weekends and public holidays from the calculation. A person cannot sell the shares before he gets the delivery even if the price of the share increases on the following day of when he bought it.
BTST is introduced as a potent solution to this problem. In this system, a person can buy a share and sell it on the following day irrespective of the delivery status. He can buy a share today and sell it tomorrow if the rate seems profitable for him. It is a developed and convenient system for individuals and groups who wants to earn money immediately (if possible) from the share market.