Zerodha - Number One Discount Broker in India

[Zerodha]

any answer?

Ctrl + P and then clicking on reconcile..

No direct shortcut as such

 

[TraderRavi]

It was three in my case if one goes by my order book and trade book screenshots

Yep 2 positions which are negating each other completely and requires zero margin .. The last position which is naked position and totally 3 ... But in real effect it is just 1 position..

three open positions with 7k margin even if two negate each other , bit strange
better to trade cautiously with cover order .
by this logic there can be many pairs open which negate each other , may be 10 open positions at 7k margin , something is wrong with this logic.

 

[akhill]

Guys, isn't this discrepancy that serious? Punter786, this answer from Zerodha in that link happened to me yesterday. Very dangerous. Zerodha please advise on the MTM discrepancy.

as fas as the explanation from zerodha guys goes, (I was told this on phone) when you place an order to buy, lets say 50 qty of nifty. there is a seller to sell 500 qty of nifty. your order completion time will be calculated when the seller(from whom you buy the 50)has his order fully executed.

once he sells you 50, he can modify his order and place it at another price, which means the order is not completed. it is yet open. and when he is done with all the 500 qty, or cancels the order, only then the order is deemed to be completed.

so in your trade book, you will see order execution time, whereas in contract notes we see order completion time.

Zerodha, please clarify if I am wrong.

 

[amsin21]

Thanks for the clarification. Opposite of open position squares off, agree and fine. But the moment the system accepts the positions without transaction password, isn't a system glitch and dangerous, as if I'm not in my seat with screen not locked ... think, raising this concern as you didn't mention anything about this part in your briefing, but has in your initial post.

I was going through the images, one more clarification, image inserted from the message addressed to me in earlier post. Asking virtual permission from Punter786.

Correction: Zerodha has just clarified in the previous post that the one Will Not square off the other!!

Yes, there was 100% definitely some glitch that day. Hope they have fixed it. Other wise... http://www.traderji.com/brokers-trading-platforms/89121-zerodha-part-3-a-151.html#post905255

Thanks for making that point about the transaction password. I should have raised how that was allowed, but I was so much into understanding how those trades etc. got executed that many such important queries got left out. Zerodha should set the record straight about it now.

On the admin position, well I can only scratch my head like I was doing that day. Wanted to ask them about it but forgot

Maybe the two @TradeToLearn and @Akhill can enlighten us about that MTM figure.

as fas as the explanation from zerodha guys goes, (I was told this on phone) when you place an order to buy, lets say 50 qty of nifty. there is a seller to sell 500 qty of nifty. your order completion time will be calculated when the seller(from whom you buy the 50)has his order fully executed.

once he sells you 50, he can modify his order and place it at another price, which means the order is not completed. it is yet open. and when he is done with all the 500 qty, or cancels the order, only then the order is deemed to be completed.

so in your trade book, you will see order execution time, whereas in contract notes we see order completion time.

Zerodha, please clarify if I am wrong.

Ahkill,

Here we are concerned about the MTM discrepancy which is a serious matter from my point of view and this affects all the traders, not the time.

Zerodha,

Why no answer till this time? Everyone is waiting for an answer. Please step out.

 

[amsin21]

Thanks for the clarification. Opposite of open position squares off, agree and fine. But the moment the system accepts the positions without transaction password, isn't a system glitch and dangerous, as if I'm not in my seat with screen not locked ... think, raising this concern as you didn't mention anything about this part in your briefing, but has in your initial post.

I was going through the images, one more clarification, image inserted from the message addressed to me in earlier post. Asking virtual permission from Punter786.

Admin position : sell avg : 6094.20, buy avg : 6105.60, net buy qty : 50, net sell qty : 100, net qty : -50, LTP : 6067, MTM : 790 (MTM should be 1360 right? ie; (6094.20-6067)*50)

Correction: Zerodha has just clarified in the previous post that the one Will Not square off the other!!

Yes, there was 100% definitely some glitch that day. Hope they have fixed it. Other wise... http://www.traderji.com/brokers-trading-platforms/89121-zerodha-part-3-a-151.html#post905255

Thanks for making that point about the transaction password. I should have raised how that was allowed, but I was so much into understanding how those trades etc. got executed that many such important queries got left out. Zerodha should set the record straight about it now.

On the admin position, well I can only scratch my head like I was doing that day. Wanted to ask them about it but forgot

Maybe the two @TradeToLearn and @Akhill can enlighten us about that MTM figure.

as fas as the explanation from zerodha guys goes, (I was told this on phone) when you place an order to buy, lets say 50 qty of nifty. there is a seller to sell 500 qty of nifty. your order completion time will be calculated when the seller(from whom you buy the 50)has his order fully executed.

once he sells you 50, he can modify his order and place it at another price, which means the order is not completed. it is yet open. and when he is done with all the 500 qty, or cancels the order, only then the order is deemed to be completed.

so in your trade book, you will see order execution time, whereas in contract notes we see order completion time.

Zerodha, please clarify if I am wrong.

Ahkill,

Here we are concerned about the MTM discrepancy which is a serious matter from my point of view and this affects all the traders, not the time.

Zerodha,

Why no answer till this time? Everyone is waiting for an answer. Please step out.

 

[akhill]

Ahkill,

Here we are concerned about the MTM discrepancy which is a serious matter from my point of view and this affects all the traders, not the time.

Zerodha,

Why no answer till this time? Everyone is waiting for an answer. Please step out.

During the market hours, I haven't observed any MTM discrepancy. after the market hours they go haywire, but I am not bothered about it then. May be the problem would've been specific to punter.

 

[LivetoTrade]

yes, but that would mean holding opposite positions of the same contract, you would be only paying govt taxes and brokerage by doing so...

On a narrow range day like today, there can be a sell + cover and a buy + cover - hence my question.

 

[amsin21]

During the market hours, I haven't observed any MTM discrepancy. after the market hours they go haywire, but I am not bothered about it then. May be the problem would've been specific to punter.

Can we just side the issue as a single user specific? That can be a dangerous attitude that if it happens to me it is serious and the other way not. Even Zerodha is silent on this issue; we should consider their silence as the acceptance of glitch from their side. My view...

 

[Zerodha]

Ahkill,

Here we are concerned about the MTM discrepancy which is a serious matter from my point of view and this affects all the traders, not the time.

Zerodha,

Why no answer till this time? Everyone is waiting for an answer. Please step out.

Hey Amsin,

Which MTM discrepancy? Are you talking about what you faced or are you referring to what punter has put up?

Because there is no MTM discrepancy during market hours, yes on the weekends, and after market closing, it can show weird numbers..

 

[Gandhar.]

three open positions with 7k margin even if two negate each other , bit strange
better to trade cautiously with cover order .
by this logic there can be many pairs open which negate each other , may be 10 open positions at 7k margin , something is wrong with this logic.

but whats the use if ur buying and selling same contract
there can be infinite such lots but still cancel each other guess broker will not mind that :lol: