Upstox - RKSV - Trade in Rs 20 Max

[classifiedindian]

When an exchange line disconnects at RKSV, only your open orders get affected (actually only some, not all). It does take 15 minutes to get the line back up. This is the case with all brokers.

However, to create the least amount of disruption as possible, we have multiple lines to the exchange. We took our time to think of all possible eventualities when designing this new setup .

So even when one line breaks down, all your future orders get routed to the other lines that are still up. Only the orders that are still open on the broken line will take some time to sync up. It will still be business as usual for fresh orders.

And for those lucky souls who don't have an open order at the time of disconnection, they wouldn't know that there was a disconnection. :thumb:

These lines that you speak of, are they leased lines or just regular Internet connections?

 

[onlinegtrash]

That's good one.

Hopefully they won't venture to bring forth: 2 spankings + new coarse i-course = 15 min BDSM clip. :lol:

subliminal marketing
You should checkout some youtube videos... fascinating topic!

 

[Dax Devil]

subliminal marketing
You should checkout some youtube videos... fascinating topic!

Thanks. I studied Subliminal Influence in depth. The topic was a part of my curriculum at the med school. Fascinating stuff, no doubt.

 

[copypasteaee]

huh u ppl made me google another unknown word "BDSM"

 

[Dax Devil]

huh u ppl made me google another unknown word "BDSM"

Every little learning helps. :lol:

 

[RKSV]

These lines that you speak of, are they leased lines or just regular Internet connections?

Leased lines. Regular internet connections are nowhere to be found at our office.

 

[classifiedindian]

Leased lines. Regular internet connections are nowhere to be found at our office.

What's your bandwidth?

 

[Punter786]

RKSV,

Came across this while doing some research. Thought share with you. Might be of your help...

http://leaprate.com/2015/06/3-2-1-g...tzerland-during-stage-of-historic-cycle-race/

 

[test123]

What's your bandwidth?

http://www.nseindia.com/content/members/mem_vsats.htm

there read that if u have free time lol
This are vsat line that are setup. exchanges charges u for it.
They don;t run on internet. they put satellite like antenna thing on top of your building
and system is directly connected to High speed Nse level 1 server .

mostly this line is for big dealers . we small trader don;t need those .for us internet is ok thats level 3 or 2 i think :xD

How i know that .. in my teens day i use to work as IT guy in stock broking company ^^

 

[rmji]

How does it protect interest of retail investor when retail won't be able to enter into derivative market with such a big contract size ? Indirectly they doesnt want retail to participate in derivative.

If they think retail would divert to cash equity then they are mistaken because people play in derivative because they need overnight position with leverage and in equity its not possible. 80% of market volume is created by these speculators who play in derivative. These are very important people in market as they provide liquidity but this bunch of idiots in Sebi are busy looking for anti-retail policies. This will definitely affect volume. They can't play in stock options either as there is hardly any volume.
In international markets, there are big size contracts but they have kept mini contracts as well for small traders.

Another purpose of derivative is to hedge long term portfolio. There are many investors who use derivative to hedge their long term portfolio and average retail portfolio size is approx 2-3 lac.
Hedging is done with same or lower size of portfolio value but now having minimum 5 lac contract they can't hedge as their portfolio is too small against these derivative instruments and thereby have to keep it without hedge and face market volatility.

Also its not exact 5 lacs, its between 5-10 lacs, so its going to be 7 lacs for most of the contracts as currently in 2 lac size rule there are mostly 3-4 lacs sized contracts.

Retail normally trades with 1 contract and keeps 1-2 contract money for averaging which if he trades in new size contracts he wont be able to do that and would be able to buy only 1 new contract (2 old contracts equivalent) at one price i.e. he is doubling his risk by increasing his quantity at single price, and with no money left for averaging. So if he trades in this new contract then it is guaranteed that he will be wiped out sooner than later.

Exactly sebi's point I guess. They want to protect the retailers by keeping them away from the derivative market.
I'mnnot only talking about experienced traders like the ones here on traderji, I'm talking about the other 99% of retailers who just trade. Most of the time they don't stand a chance even.

Also, how many retailers do you think actually use derivatives to hedge? Honestly tell me..
Even i use it to hedge only when I'm taking trades in gold and use usdinr as a hedge. Most retailers like me never hedge at all

What sebi is trying to achieve by keeping retail away from derivative ?
Is it to keep retail away from losing money ? If yes :lol:, then i dont think it would work because...

New contract size doesn't make any difference to intraday trader/speculator. He could still trade with same old quantity and margin amount but now in Equity cash using brokers 10x-15x intraday margin. Only thing is he has to pay little more tax on transactions as its higher than derivative.

This new system affects and is a loss to those traders who carry overnight derivative positions and most of those traders are not speculators but doing business using derivative instruments in combination with equity delivery they hold.
While Speculators dont carry positions overnight because they play with little money and so dont take overnight risk.

So either SEBI is dumb & dont know what they doing and its potential effects OR their purpose to increase contract size is something else and reason given to keep retail away is just an excuse .