Zerodha Part 2

[comm4300]

@zerodha

Platform : NOW
Demat with : ILFS

Question : can i use the shares in my demat account to get margin for writing call/put? If yes, what is the procedure? Please elaborate the procedure.

 

[amanfree]

recently many traders started providing good till cancelled order facility. look at the screen shot below, it is from icici direct:

I request zerodha to provide the same facility

please reply to this as well

 

[cinderblock]

Is it me or do the ZTrader ticks move faster than NOW?

 

[megapixel]

Zerodha,

Is it necessary to use Spread Order tool to build a spread order ? What if I use simple Buy/Sell Order Window and place my orders one by one to build my spread ?

the reason I am saying this ....my order got rejected saying invalid combination when I used the Spread Order tool ..

My order:

TCS Buy - 1350 CE
TCS SELL -1500 CE

I don't understand why this spread order rejected .... I received invalid combination message after placing order.


However I have put these orders through BUY/SELL Order Window ...one by one ....Is it OK ? Shall I get margin benefit ?

 

[Zerodha]

thank you. Atleast you guys are doing something.
Now, followup question:
If you did come up with your own DP - would i be able to transfer all my holdings from ILFS to you?

Yes, there will not be any need to open a fresh demat account also.. They will just be migrated demat account and holdings.. Would require 1 letter from your end..

 

[Zerodha]

@zerodha

Platform : NOW
Demat with : ILFS

Question : can i use the shares in my demat account to get margin for writing call/put? If yes, what is the procedure? Please elaborate the procedure.

Yes possible, via an email asking us to pledge..

Comm, I guess your account would be opened more than a year back and hence for you to be able to pledge using an email would require the following document..

visit downloads and under that you will see BSE activation form, the last page is an ILFS one, we would need that..

If the account is opened recently( last 6months or earlier), you are already pre enabled..

 

[Zerodha]

please reply to this as well

Good till cancelled with a 45 day validity should be possible for equity segment.. We have been beta testing and have been facing issues, but will keep you all informed when it is introduced..

 

[msri]

Back office particulars/statements are not being updated even after the trade has been closed for 24 hours. Pl. look into it.

 

[Zerodha]

Zerodha,

Is it necessary to use Spread Order tool to build a spread order ? What if I use simple Buy/Sell Order Window and place my orders one by one to build my spread ?

the reason I am saying this ....my order got rejected saying invalid combination when I used the Spread Order tool ..

My order:

TCS Buy - 1350 CE
TCS SELL -1500 CE

I don't understand why this spread order rejected .... I received invalid combination message after placing order.


However I have put these orders through BUY/SELL Order Window ...one by one ....Is it OK ? Shall I get margin benefit ?

MP what you have taken is not really a spread order..

Spread order is where you buy and sell different expiry of the same contract..
for eg, you buy TCS 1350 call Jan and sell TCS 1350 Jan call and similar ..

What you have taken is just a hedged position, yes you get margin benefit for this..

Even if it is a spread order, you are not required to enter using spread order window, even if you take it separately you will get the benefit..

 

[My investmentz]

@ my investmentz, everyone at Zerodha is working towards the target of being the biggest in the business and this is not possible without our delivery based clients.. Hopefully once we have the DP, we can match up to the collateral interface you get with your present broker.. As per your advice and after running the process for a few months, we are lowering the cash component required by a client when he pledges the stock by 50% to 15%.. So the cash component required to make good any MTM is just 15%..

Cheers,

Hi zerodha thank you for hearing my advice when you will be like my broker
I will be your client will open one account for sure one more advice please also do something about TRXN charges till then