Zerodha....

[my investment]

Dear Zerodha


Though i may not trade with you as of now because we require margins to sell options and do lot of hedging , nifty futures covered calls ect ect and have already paid my advance brokereage at Religare and again will not be able to trade with you till start of next year

But i have a suggestion for you though i have no personal gain in it just because you did some thing for people who traded lesser quantities ( i am a big trader with turnover of Several 100 crores )

YOUR PLATFORM IS LIKE A BLESSING FOR A BIG TRADER WHO HAS TO BUY 20000 RIL IN DELIEVERY HE JUST PAYS 20 RS PER ORDER AND ALSO AN OPTIONS TRADER WHO HAS TO BUY 100 LOTS OF NIFTY CALLS HE ALSO PAYS 20 RS

and then there is a a guy who buys only one lot of nifty and is charged 20 rs which 10 other brokers will provide him and even lesser

SO my request for you is to consider some thing like 5 - 7 -8 RS per lot or per trade for options , futures and cash in which you cant buy more then one lot or 1000- 2000 shares
KEEPING MAXIMUM amount TO 20 rs

you are setting a good example of being a competent helpful and prompt broker I HOPE YOU WILL DO SOMETHING ABOUT THIS

The big SHIPS some how SAIL Though the SEA ITS ONLY THE Small Boats Which require assistance

AND ONE MORE THING KINDLY START PROVIDING MARIGNS AGAINST STOCKS BONDS LIQUID , NIFTY BEES SO THAT I CAN ALSO JOIN YOU IN FUTURE

AS OF NOW YOU ARE VERY ATTRACTIVE FOR THE VERY FEW BIG TRADERS I WISH THAT YOU MAKE YOUR SELF VERY ATTRACTIVE FOR A LARGE NUMBER OF VERY SMAAL TRADERS :clap:

MAYANK

 

[Newbie Day-Trader]

Ok, here's another brain-busting, mind-numbing query from yours truly.

Is it possible to "open" a position with one broker & "close" it with another broker, given that both have a separate software/platform?

For example, I buy a crudeoil contract with one broker @4000, & on the same day, later on in the day, I (short)sell a crudeoil contract with another broker @4050, will that be considered as a squareoff by the exchange when they aggregate all the positions of each individual client at the end of the trading-session? OR will both the positions be carried overnight into the next day as separate open positions?

I'm asking this because on the MCX website, it says that all open positions by an individual is subject to the respective specified limits, so I suppose all the open positions of a person opened with different brokers will be aggregated & setoff (squared off) against each other, where possible. Is that how it works? Or not?

Thanks

Could someone please address this query

Look, if one has open positions & something goes wrong with the broker's software or some other systemic problem related to that broker then one wouldn't wish to get stuck with those positions, especially if the positions turn unfavorable, & this could be absolutely DISASTROUS if these positions are commodities, which are highly-leveraged instruments

So one can at least log into the other broker's system & at the least, square-off the open positions by taking opposite positions with him & thereby cut any risks, that is, if the exchanges actually recognize such square-offs while aggregating open positions belonging to each individual at the end of the day.

Thanks

 

[PGDIMES]

Ok, here's another brain-busting, mind-numbing query from yours truly.

Is it possible to "open" a position with one broker & "close" it with another broker, given that both have a separate software/platform?

For example, I buy a crudeoil contract with one broker @4000, & on the same day, later on in the day, I (short)sell a crudeoil contract with another broker @4050, will that be considered as a squareoff by the exchange when they aggregate all the positions of each individual client at the end of the trading-session? OR will both the positions be carried overnight into the next day as separate open positions?

I'm asking this because on the MCX website, it says that all open positions by an individual is subject to the respective specified limits, so I suppose all the open positions of a person opened with different brokers will be aggregated & setoff (squared off) against each other, where possible. Is that how it works? Or not?

Thanks

IMO, though the opposite trades taken with two different brokers should nullify any open position for the trader at exchange level, but he would have open positions at the brokers' end. So either he has to cover at any favourable time at broker's end or wait till expiry (when both the positions will be automatically covered)...

I had the same dilemma couple of years back... Had to take opposite positions with my other broker when RKG's ODIN stopped working a couple of times... But didn't wait till expiry...

 

[meherp]

Thanks a lot.

Little confusing,

If I understood it right, you want to know margin required to trade stock futures for intraday and overnight??

Login to backoffice, you can see a SPAN margin file...

Click on it, next to every contract, you will see a total margin required... This is what is required to keep the position overnight(3pm)... If it is for intraday, you need 40% of the same...

hope this clarifies...

 

[Newbie Day-Trader]

IMO, though the opposite trades taken with two different brokers should nullify any open position for the trader at exchange level, but he would have open positions at the brokers' end. So either he has to cover at any favourable time at broker's end or wait till expiry (when both the positions will be automatically covered)...

I had the same dilemma couple of years back... Had to take opposite positions with my other broker when RKG's ODIN stopped working a couple of times... But didn't wait till expiry...

Yeah, that's what I'd thought but I was wondering whether exchanges & brokers had a "system" or "arrangement" to nullify those trades at the brokers' end as well.......I guess one'll've to cover the trades which are ALREADY covered :lol: or have his respective margins blocked till expiry with both brokers

Thanks for replying.

 

[baludalal]

it is a different matter . it is on the organization of your web-page and interactive software that helps a trader to place order or sqaue off the position.
Evey time, one has to scroll down different search boxes to place order which at times prove costly for want of time.
or if such a quick place order facility is there, can you guide me
at least for existing positions square off option can be provided a quicker way
thanks.

 

[nk61678]

Hi Zerodha,

I already have account with zerodha. However my company has asked me to open account with ICICI direct only and close all other accounts.Through my colleagues i came to know that they are somehow able to track the transactions that are made on my name or on name of people dependent on me.So the first question that occurred to me is can they really track my transactions?

2)Can i transfer my existing account to my brothers name(as he is not dependent on me)?

3)In case I open new account on say my brother's name,does he need to have bank account on his name(for transfer of funds and dividend payout).Or is it possible that trading account and demat account is on his name but bank account is on my name? I am asking because my brother does not have account with hdfc

 

[ranj_2k]

Hi Zerodha,

I already have account with zerodha. However my company has asked me to open account with ICICI direct only and close all other accounts.Through my colleagues i came to know that they are somehow able to track the transactions that are made on my name or on name of people dependent on me.So the first question that occurred to me is can they really track my transactions?

2)Can i transfer my existing account to my brothers name(as he is not dependent on me)?

3)In case I open new account on say my brother's name,does he need to have bank account on his name(for transfer of funds and dividend payout).Or is it possible that trading account and demat account is on his name but bank account is on my name? I am asking because my brother does not have account with hdfc

I do not understand why ICICI direct is advised as brokerage is very high. They may be tracking all accounts for exposure purpose.

2) Nope

3) Nope

 

[touchraj16]

From today, for all segments NSE-Equity, Derivatives and Currency, no more plan A or plan B. Just one plan, either (0.01% or Rs 20)/executed order, whichever is lower. Simplifying Broking... Happy Trading....

Jahanpanah Tussi Great Ho, Tohfa Kabool Karo...


touchraj

 

[comm4300]

zerodha team,

why is it that 'we can't have everything under one roof?...i mean - low brokerage PLUS charting?

i understand that you guys depend on algo trading yourself...but for the rest of us, we need charts to trade.

while you've argued about not being able to provide RT data/plugin from NOW to charting software....why not make one? i mean - a simple java based trading platform - like icharts.in or a complete trading platform in java itself?

Java based trading platform are highly flexible - no hard installations. fast and flexible. just look around for any forex broker and you'll see what java can do....


unless you are bound to use now and bound not to provide charting....you should seriously think about charting ....

while i pay rs.20 per order here...why should i not think of reducing cost on my charting software too?