Zerodha Part 2

[Zerodha]

what is the margin for USDINR future under MCX commodities?
Did not find anything in the span pdf.
and when are u activating mcx-sx?

THe margin is the same like in NSE..

USDINR trades on MCX-SX and not MCX.. We are expecting to go live on MCX-SX by this weekend..

 

[Zerodha]

today MIS order not allowed in nifty future..?

Allowed for sure... We will not be allowing MIS trades on budget day till all the announcements come through from FM..

 

[Zerodha]

Sachin/Zerodha

as NSE penalises for short margin, does MCX has this penalty for the shortfall in its margin for the client?

rgds
subroto

Not yet, but they are planning to..

 

[Zerodha]

Yusi,

Dealer logged out usually comes through if you have logged in another location with your id and password.. It also could be that you might have logged in twice in the same computer.. To make sure that you are not logged in, you can use task manager to close all instances of ZT...

@VJAY, Play around with the server .. We do nothing with servers during trading hours...

 

[bpr]

THe margin is the same like in NSE..

USDINR trades on MCX-SX and not MCX.. We are expecting to go live on MCX-SX by this weekend..

currently it is showing under MCX. Please check.
MCX-SX is not showing in the drop down itself.

 

[marker]

Correct, applicable everywhere . . .

in addition to above the margin will remain blocked even after the profit booking or stop loss order is executed and your position is now nil

It will be released only after you cancle the other order

Cheers
::thumb::

Zerodha,
Sorry for bringing up this again. But can you confirm this please?
The reason why I am asking is I checked my previous mails and found the following statement from Zerodha (Mr.Vinay), which is different from what is stated above regarding additional margin requirement . Or is this a recently added feature?

>> c) Currently Zerodha is not providing profit booking order, you need to
>> monitor both the orders and cancel one order which is pending after the
>> trigger of another order.
>> To place profit booking order and stop loss order at a time you need
>> have additional margin.
>>

Thanks
marker

 

[webber]

Allowed for sure... We will not be allowing MIS trades on budget day till all the announcements come through from FM..

zerodha
is it valid for all seqments or F&O only?

 

[yusi]

Yusi,

Dealer logged out usually comes through if you have logged in another location with your id and password.. It also could be that you might have logged in twice in the same computer.. To make sure that you are not logged in, you can use task manager to close all instances of ZT...

Touche.

Confirmed that the guy whose account I was handling was panicking and logging in to check -- time to buy I guess.

 

[Zerodha]

currently it is showing under MCX. Please check.
MCX-SX is not showing in the drop down itself.

MCX-SX will start showing as soon as we are live on that..

 

[Zerodha]

Zerodha,
Sorry for bringing up this again. But can you confirm this please?
The reason why I am asking is I checked my previous mails and found the following statement from Zerodha (Mr.Vinay), which is different from what is stated above regarding additional margin requirement . Or is this a recently added feature?

>> c) Currently Zerodha is not providing profit booking order, you need to
>> monitor both the orders and cancel one order which is pending after the
>> trigger of another order.
>> To place profit booking order and stop loss order at a time you need
>> have additional margin.
>>

Thanks
marker

Spoke to Vinay, guess there was a misunderstanding, but what I wrote is correct.

There is no extra margin blocked for placing target and SL , as long as you are holding the position..