Zerodha....

[Zerodha]

Thanks for correction.

This 10% is calculated everyday basis if position is open? or previous day MtoM closing level.

Can we check the exact amount of 10% on NOW software. How?

@buzz, the margin blocked would vary on a daily basis based on the volatility.. This is decided by the exchange itself.. Margin required would also change on a daily basis... Easiest way to understand the margin required is by logging on to the backoffice and downloading the SPAN margin file and looking under the Total margin subsection....

If you look under RMS limits view and under % margin utilization, after 3 it will show the complete margins required and before that will show you 40% of the amount required...

Cheers...

 

[Zerodha]

Hello all,
Got a couple of questions regarding MCX Crude futures -

1) What would be the likely breakeven for one lot of MCX Crude futures with Zerodha?

2) What is the margin requirement for trading one lot of Crude futures? Had googled for a sample span margin file and learnt that it is about 30k but I am not sure if I am looking at the correct margin file. Could any of the veterans clarify?

Thanks

Breakeven points, hmmm a little premature to talk..

But as we have put forward, if you can profit for yourself, your brokerage will be refunded..... There is no CTT( like STT for equity markets).. The only cost would be the MCX turnover + clearing charges which maybe in the range of around 400 rs/cr...

Yes margin required for overnight crude will be around 30k, we will be giving you a leverage on that for intraday positions...

 

[shabsaif]

Breakeven points, hmmm a little premature to talk..

But as we have put forward, if you can profit for yourself, your brokerage will be refunded..... There is no CTT( like STT for equity markets).. The only cost would be the MCX turnover + clearing charges which maybe in the range of around 400 rs/cr...

Yes margin required for overnight crude will be around 30k, we will be giving you a leverage on that for intraday positions...

Dear Zerodha,

I have few questions...

What will be the trading software for MCX?

What about Back office ? ledger ? will be same for both NSE and MCX ?

Can we use cash in our account for both the exchange, and after 3.30 , can we use all our cash in MCX ?

Thanks in advance. I am waiting for your call, did you got message from Bharat ? Thanks

 

[sumosanammain]

Dear Zerodha,

I have few questions...

What will be the trading software for MCX?

What about Back office ? ledger ? will be same for both NSE and MCX ?

Can we use cash in our account for both the exchange, and after 3.30 , can we use all our cash in MCX ?

Thanks in advance. I am waiting for your call, did you got message from Bharat ? Thanks

I think the funds are not allowed to be used across exchanges. Maybe when our exchanges become more bank friendly, meaning instant transfers, then this will become a reality.

 

[msa5678]

Getting the below pasted error while trying to login to BACKOFFICE

View attachment 17201

 

[BUZZ]

@buzz, the margin blocked would vary on a daily basis based on the volatility.. This is decided by the exchange itself.. Margin required would also change on a daily basis... Easiest way to understand the margin required is by logging on to the backoffice and downloading the SPAN margin file and looking under the Total margin subsection....


Cheers...

Let say one does trading only in FNO In that case the margin in SPAN should look at (B) Margin balance ?

If so then (B) Margin level value should be more than (10%) of the buy price or MToM price?

Does this show 10 % or 40% in trading hours and after office hrs?

If you look under RMS limits view and under % margin utilization, after 3 it will show the complete margins required and before that will show you 40% of the amount required...

Under this it shows percentage figures 1 to 100 only.You mean this figure should not drop less than 10 if we need to carry 1 lot of NF after 330 pm?

 

[Zerodha]

Dear Zerodha,

I have few questions...

What will be the trading software for MCX?

What about Back office ? ledger ? will be same for both NSE and MCX ?

Can we use cash in our account for both the exchange, and after 3.30 , can we use all our cash in MCX ?

Thanks in advance. I am waiting for your call, did you got message from Bharat ? Thanks

Backoffice would be the same, trading software would be ODIN(collocated servers)... Cash can't be used for both the exchanges, it is not legal to do so...

Am travelling shabbir, will try giving you a buzz in the next couple of days... Read the email that you sent to nithin, he should reply back to you on that...

 

[Zerodha]

Getting the below pasted error while trying to login to BACKOFFICE

View attachment 17201

Hi MSA,

We have moved our backoffice servers, you must be trying to access it from your old link... Go to zerodha webpage and click on backoffice login, there is a newlink to access the backoffice...

 

[msa5678]

Hi MSA,

We have moved our backoffice servers, you must be trying to access it from your old link... Go to zerodha webpage and click on backoffice login, there is a newlink to access the backoffice...

I am getting the error message from the NEW LINK. Please see the contents of the error message, you might find a clue there.

 

[Zerodha]

Let say one does trading only in FNO In that case the margin in SPAN should look at (B) Margin balance ?

If so then (B) Margin level value should be more than (10%) of the buy price or MToM price?

Does this show 10 % or 40% in trading hours and after office hrs?



Under this it shows percentage figures 1 to 100 only.You mean this figure should not drop less than 10 if we need to carry 1 lot of NF after 330 pm?

Let me try explaining you with an example...

Assume there is 40k in your trading account..

Intraday margin for 1 lot of nifty futures is 10k.. So if you have bought two lots margin utilized percentage would show 20k...

20k is 40% of what amount??? the answer is 50k... so whatever margin is showing as utilized till 3pm would be 40% of the margin required...

But easier way to do would be to look at the SPAN margin file and keep in mind how much margin is required for 1 lot.... Leave your contact on [email protected], will get someone to call you back...