Zerodha Part 2

[VJAY]

Dear zerodha,
on expiry day for crude trade (intraday)whats the squareoff time?

 

[amanfree]

I was working with both in windows8. Windows8 is nothing but windows7 with some more features.

is amibroker and data feed working fine in windows 8????

 

[Mihir Bijur]

when is the closing price recorded in EQUITY Market of a scrip ?

Is it exactly at 3.30 PM ?

For BSE, LTP is closing price. For NSE, VWAP of last half an hour. This is given by NSE a bit later in the day around 5pm.

 

[Mihir Bijur]

Cost of funds transfer via ZT is Rs.9. It is instant.

 

[Zerodha]

when is the closing price recorded in EQUITY Market of a scrip ?

Is it exactly at 3.30 PM ?

Closing price is average price of last half hour, NSE displays it around 3.40pm..

 

[Zerodha]

Hi Zerodha,

When we trade automatically using amibroker, how do we place cover orders so that we can get the additional exposure given?

Thanks,
Vijay

Presently not available to use cover order through amibroker..

 

[Zerodha]

hi zerodha,

Any news on when is mcx-sx getting launched in ztrader?

Is it on cards soon?

We should be live the day mcx-sx goes live.. February 2nd week is our guess..

 

[akash2004]

Hey sachin
Last time when I spoke to you and e-mailed you also you told me that
you will provide margin For DP holdings in the account once your Z Trader
takes over from NOW online and things will be online just as they are in
Edelweiss

In the reply to Email I got i was told 30 percent margin will be taken in cash which was fine With me as of now u have mentioned in the thread that requirement
Of cash has been reduced to 15 Percent

Now i have 2 confusions how do the shares i give you will be pledged ????

How do I all the time maintain 15 percent cash margin as the market moves up and down all the time

As i will be selling same stock futures i hold in cash market there is no risk ( cash future arbitrage) will my position will be squared off If cash component given to you falls from 15 percent to say - 5 percent with sudden up move in markets

Also how much time will it take to sell the pledge shares if i want to sell

Like always looking for your help full guidance and reply

 

[akash2004]

One more Thing I forgot to ask can you provide cash Future strategy at Nest
If yes how much will it cost and If not at present then by When ????

 

[cinderblock]

Zerodha,

I have a suggestion regarding Cover Orders. Can you try and not have the DEFAULT trigger value at 1.5%? Or, at least have a provision to let the user enter DEFAULT values for the trigger (in % terms) as long as it's within 1.5% of LTP.

What happens is this. Say if a stock is at Rs.100. So based on the 1.5% trigger, the stop is automatically placed at 98.5 for a buy cover order. By the time you input the Qty and say the price moves up to 100.1, the order will be rejected since the default trigger value is 98.5 and not 98.6 based on the stock price of 100.1.

If instead, the default trigger value is placed at 99 (1%), then even if the stock moves up by 10 bps by the time you finish entering your cover order, the order won't be rejected since the trigger will still be within 1.5% of LTP.

Placing the default trigger value at exactly the lower end of the trigger range (1.5%) is cutting it too close with no room for error.