Zerodha - Number One Discount Broker in India

[nac]

Zerodha,

You have designed a product, so that the clients can trade with small amount of money using the leverage provided in the product.

RAVI (and almost all your clients) was clear when (time) those product will be liquidated by the broker.

It's either you weren't clear about the product or RAVI didn't understand when (at what price/% or his equity value) those positions will be liquidated by the broker.

If you weren't clear, put the terms and conditions clearly about when you would do that preventive measures to keep yourself and your client safe. If you were clear, guide your clients to understand the depth of the it.

This is more like a suggestion, you don't have to reply to this post.

 

[tradetolearn]

For MCX, as I had mentioned in the earlier post the backoffice was blocking as per the additional margin imposed by MCX, whereas trading platform was not. It will show same on both from monday..

For NSE futures, we block 85% of BO margin. The reason for the 15% lesser is to give small extra leverage for people who want to buy but are short a few rupees or to convert position from MIS to NRML. To give an example, if Nifty requires 25k, but you have 24900 in your account, it will not let you buy. But because 85% of 25k, it will let you buy even if you had 23500 in your trading platform. Small leverage to help our clients..

That is really good as i mentioned it before to u, its a plus point for u :thumb:,
i just want to know from monday, will span calculator of terminal and margin file of back office will be showing same total margins for nse futures and mcx ??

 

[Zerodha]

That is really good as i mentioned it before to u, its a plus point for u :thumb:,
i just want to know from monday, will span calculator of terminal and margin file of back office will be showing same total margins for nse futures and mcx ??

For NSE, backoffice will still show 15% more than what is shown on terminal, as I said on terminal we reduce a bit to make sure clients who are on border line get to trade and their orders not rejected.

For MCX, I guess it will be from Wed when it will show same on both BO and Platform

 

[tradetolearn]

For NSE, backoffice will still show 15% more than what is shown on terminal, as I said on terminal we reduce a bit to make sure clients who are on border line get to trade and their orders not rejected.

sir, at present backoffice file is showing less margin and terminal is more,u r telling me the opposite

 

[Price Pattern Recognition]

It was actually SEBI's decision to discontinue trading in Mini Nifty to ensure small investors don't get attracted towards the derivative markets, considering the risks that come with trading derivatives.. http://www.sebi.gov.in/cms/sebi_data/attachdocs/1353409729402.pdf
Totally understand what you've to say considering that risk is an inherent factor of the market and is not necessarily restricted to derivatives.. I know people who've lost much more trading stocks as compared to derivatives.. Mini Nifty was a good stepping stone for someone who was exploring the derivatives markets.. We'll do our best to put forward a recommendation to the Exchange to reintroduce Mini contracts..

----------------------
The actual reason for the decision to discontinue trading Mini Nifty was completely different. It was because of very low turnover and liquidity comparing to nifty. Bid ask spread difference was almost more than 1 point most of the times. They already kicked out many good stocks (for trading) from Future Segment for lower turnover and liquidity concern.

Mini Nifty was a failed experiment by NSE.

SEBI know much small investors burned their hands while trading Crude Oil. Even 100 unit lot size is not enough to keep small investors out from derivative trading who want to trade their favorite future.

If SEBI is so much concerned about small investors, they must think of decreasing lot size instead, so that small investor can use partial profit booking and averaging technique more efficiently using their small capital.

But, SEBI is only working for 'money bhai'. :lol:

 

[Delaroche]

hi, i have sent a mail at [email protected] with my queries and client id. I do not have have the id of mr bharath, hence was unable to cc to him. regards.

 

[XUV-500]

Yes its on.. On till 31st December 2013.. You can start the challenge by logging into your backoffice..

Does that mean one can start challenge on 30 dec and will be evaluated for next 60 days ? or deadline for evaluation is 31 dec only?

 

[Giraffe]

1. Index cannot be added to marketwatch presently.

2. To see multiple snapquotes, you have to make a small change, go to the nest ini file in the nest folder and paste this: [GET_SNAPQUOTE_DLG_INSTANCE_COUNT]
VALUE=5

3. Presently it is not possible because when you put an entry order which is limit and Stop loss will also automatically sent, so that is 2 pending orders which would mean blocking extra margin..Hence not possible..

Hi Sachin
Can we do the same in NSE NOW also?
I tried but evertime I run NSE NOW after the change, it restores the file to its original data.
Can we open multiple Market Depth/Snap Quotes in NSE NOW also (would prefer the smaller Market Depth compared to Snap Quotes)

 

[Giraffe]

----------------------
The actual reason for the decision to discontinue trading Mini Nifty was completely different. It was because of very low turnover and liquidity comparing to nifty. Bid ask spread difference was almost more than 1 point most of the times. They already kicked out many good stocks (for trading) from Future Segment for lower turnover and liquidity concern.

Mini Nifty was a failed experiment by NSE.

SEBI know much small investors burned their hands while trading Crude Oil. Even 100 unit lot size is not enough to keep small investors out from derivative trading who want to trade their favorite future.

If SEBI is so much concerned about small investors, they must think of decreasing lot size instead, so that small investor can use partial profit booking and averaging technique more efficiently using their small capital.

But, SEBI is only working for 'money bhai'. :lol:

Can anyone shed some light on the reason behind keeping the lot size so high in futures? Why isn't exchange just allowing it to be traded in multiples of single units like the stocks?
Any specific reason for this ?

 

[DataRam]

I think Minifty was removed as it was more benefiting to small retail traders (Money nifty) !

Nice comment ..... :thumb: :clapping: