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Zerodha

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Is the backoffice down? The page isn't loading... tried pinging it but got a request timed out message. I wonder if the unscheduled power cuts have anything to do with this.

How do currency derivatives work? I've never traded in currencies so I don't know much about it. What are the market trading hours? What are the margin requirements etc? A link to the same would be greatly appreciated.
We had an issue with our backoffice servers yesterday night... Is up and running...

Currency derivatives is pretty interesting.. markets open till 5, and you can trade all currency pairs with Rs in it... The liquid contract is usd INR...

Contract size: 1000 USD... Margin required is as little as 3% of this amount.... USDINR does almost 20 to 40000 crores of turnover today....

Link from NSE : http://nseindia.com/products/content/derivatives/curr_der/about_currency_der.htm

Will try to post a product brochure as well...
 

comm4300

Well-Known Member
We had an issue with our backoffice servers yesterday night... Is up and running...

Currency derivatives is pretty interesting.. markets open till 5, and you can trade all currency pairs with Rs in it... The liquid contract is usd INR...

Contract size: 1000 USD... Margin required is as little as 3% of this amount.... USDINR does almost 20 to 40000 crores of turnover today....

Link from NSE : http://nseindia.com/products/content/derivatives/curr_der/about_currency_der.htm

Will try to post a product brochure as well...
NO chart = No trade. [just a friendly reminder for you guys to keep in mind]
 

Zerodha

Well-Known Member
hello zerodha
i want to know what is the margin required for 1) covered call which means buying fut and selling a call option
2)calender spread which is buying of this month call and selling of next month call with the same strike
3) cross calender spread which is buying at one strike call in near month and selling another strike call in far month
is there any difference between calender spread and cross calender spread
You get a margin benefit only with calendar spreads today... When you take a calendar spread, margin is blocked only on one side... so if you buy this month future and sell next month future, margin is blocked only on one side....

For covered calls and cross calendar spreads, there won't be any margin benefits as such...

Cheers...
 

Zerodha

Well-Known Member
@ZERODHA....a few questions which I understand may have been answered by you earlier also still:

1.)NSE NOW will work fine along with other termainal which I am using at present?

2.)will there be any compatibility issues?
No issues of running NOW with any other terminal simultaneously.... You need to ensure though that you have a decent bandwidth, atleast 256 to 512kbps...

Cheers...
 

Zerodha

Well-Known Member
dear zerodha kindly reply to my query,s also they go un noticed mostly
but i still dont agree with people u answer selectively to what u like :thumb:
Sorry for missing the post,

For currency we are putting up a rule on brokerage which is 0.01% or Rs 20 whichever is lower.... So a guy trading only 1 lot in currency will pay around 4 to 5 Rs and if he trades more than 4 lots at a time, he will pay only Rs 20...

For currency, margin required for 1 lot is only 2k ....Usually average order size today is around 20 to 40 lots at a time... .

About, giving margin against the shares held in your demat...There are a few issues which are stopping us from doing it.... Presently we are letting a few clients to do it on an intraday basis, once set, we will start giving on an overnight basis as well... Will keep you posted on this...

Cheers...
 
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