Zerodha....

[Zerodha]

Hello Chetan,

I trade intraday in equity cash.....my daily turnover is around 10~20 lack per trading day.....which is split in 15~25 small order (i.e. entry+profit booking+exit)....so in my case brokerage 0.01% will be applicable....and its sum-up around 100~200 buck per trading day.....say averagely Rs. 150 X 20 trading day per month = Rs 3,000/-.... so certainly Bajaj Capital or R K Global fixed monthly plan make sense....where I can save 2000~2300 buck per month.....and I am sure there is lot more trader like me.

So here is "Rodha" for me and other trader like me.

Hope Zerodha is getting my point and foreseeing the potential business opportunity with trader like me.

I wish Zerodha bring some more juicy plan to beat the Bajaj Capital / R K Global's fixed monthly brokerage plan.


Sachin....is there any possibility for above proposal in near future?

Pralhad, it becomes tough to cater to every person's need... If you are paying RKG 999, you are forgetting about the software charges that you have to pay no matter if you trade or not...

We started out trying to create the easiest and most customer friendly platform...Our immediate thing to do is to get commodity broking and our social networking tool go live.... With the social networking tool, you can interact with everyone at Zerodha live... We are also trying to synch a few automated trading tools which are backtested, give out automated trading signals on this forum....

As far as brokerage goes, we will make it interesting, juicy or not... hmmm... you will have to decide...

 

[Zerodha]

Hi Zerodha

I remember once you wrote in your answers that ODIN will be used for Commodities while NOW is being used for NSE. Don't you yourself think that this would be a little difficult for traders to handle both. I think it would be wise if you go for some particular software (like TradeTiger from Sharekhan) which shows ALL the NSE, Equity, BSE and Commodities in one single platform and traders JUST HAVE THE FACILITY to exchange funds between NSE & Commodities, that too till 11.55 PM (not AM). If such software is developed at your end, then it will facilitate traders to trade in both segments WITH THE BEST FACILITY of exchanging their funds between the two in realtime. Oh, by the way, if you develop such software from scratch, then it may hardly cost around 400-1200 USD max, which will be able to fetch direct & realtime data both from NSE & MCX and will then send the same data to that particular software with a delay of around 10 mili-second (maximum). Hope I am not asking for much for the betterment of Zerodha AND its members.

Cheers

shekhar

sharekhan doesn't let you use nse money for commodities... money has go out of nse, reach your bank and then come back to commodities... Real time fund transfers between exchanges is not possible with any big broker other than probably brokers who are banks, like icici ....

Creating a trading platform for 400 to 1200 usd??? ... You are missing atleast 3 zeros in that figure... The reason people like omnesys, FT etc are in business is because of this... If a new broker goes to FT, FT charges Rs 2500 for the ODIN license per user...

But that said, we are scouting for technology partners who already have a tried and tested platform internationally...

Happy trading

 

[Zerodha]

I have been a member for Sharekhan for many years & recently switched to Zerodha completely. Being an ex-member, I know that Sharekhan DO allow its members to switch funds between NSE & Commodities in real-time, without even one second of delay, that too allows up to 11:55 PM (night). In this process, the money NEVER reached to my bank account and it instantly appeared in other segment. And of course, Sharekhan is NOT a bank anyhow.

Now to your other point with regard to 3 extra zeros. I once asked a Freelancer to create a software (trading software) for me according to my needs with data fetching facility etc, and they asked me to pay them around 800 USD that was much for me because I was intending it to use for my personal computer and not for business, so I dropped the idea. On that experience, I thought it may cost you almost the same amount I wrote above.

Anyhow, I still would request you to consider developing something which may facilitate Zerodha members to see all the segments in one single platform AND if possible, then do something interesting like Sharekhan to facilitate the traders with fund-switching too.

I have another question with regard to NOW, if you would consider suggesting what to do. Suppose I have taken a position whether long or short, where can I see it. Until now, I only found a place in NOW>Masters>Admin Positions. AND ONCE WE SEE OUR POSITIONS and we want to put a stoploss, HOW TO PUT THAT STOPLOSS AFTER TAKING A POSITION. It may be a newbie question to you but as I told already that I have recently switched completely to Zerodha, so I am not much familiar to your trading platform.

shekhar

shekar, creating a tool for your trading is nothing like creating a trading platform..

To see your open positions, do use the shortcut key f11, it takes you to the same link that is mentioned...

Here you see a drop box, netwise and daywise... Netwise will show your net open positions whereas daywise will show only todays open position... Advisable to be always on the netwise positions by default...

To put a stoploss, go back to your marketwatch and put a sell if you have bought and put a buy if you have sold... In the order type, choose SL-M and mention your trigger...

Hope this clarifies, do shoot us an email with your client id if you want someone to take you through a demo...

Cheers

 

[GTji]

What are the changes in the latest NSE now.exe download? Also is there any way to increase 55 scrip limit for now.exe

 

[NTrader42]

But dear, you did not answer for a few points in my message above. If Sharekhan "can" allow the fund-switch between 2 segments, why not Zerodha too. Further, what are you planning to do for Zerodha members to facilitate them to see all the segments in one single platform.

This ability to trade on different segments / exchanges with a common margin happens seamlessly with almost every broker, even rkg provides it so should not be a problem for zerodha . . .

Thanks

 

[linkon7]

This ability to trade on different segments / exchanges with a common margin happens seamlessly with almost every broker, even rkg provides it so should not be a problem for zerodha . . .

Thanks

I used to trade in RKG and it was seamless transfer between segments. If only they did something to improve their data freeze problem in odin, i would still be trading with them.

I trade with shriram Insight for my commodities and they use to allow switching of funds from fno to mcx after logging on to their back office. Then they stopped that feature and introduced a system of emailing them for this same purpose. Now even the email facility is stopped. The fund has to be physically transferred to my bank account and i have to transfer it back to their mcx segment....!

I am waiting for zerodha to open their mcx segment as I believe them to be the most trader friendly broker. :thumb:

I hope they do recognize the problem of maintaining separate funds for the 2 segments. Excess funds is normally required in FNO when a position goes bad and we have to incorporate the exit strategy. Most of the time, at least 50% fund lies idle and can be put to use in mcx till the time we dont need it in FNO. If fund switching is not seamless, then i will have to keep only the limited spare fund to work in mcx...!

 

[praddy510]

Just buy what you sold with same qty

but check your sold positions is in CNC or MIS....you must buy it in same type.....if future short then no need to check it...just buy it...

Can you elaborate what is MIS and CNC ??? I tried but couldnt found it anywhere

 

[Zerodha]

I used to trade in RKG and it was seamless transfer between segments. If only they did something to improve their data freeze problem in odin, i would still be trading with them.

I trade with shriram Insight for my commodities and they use to allow switching of funds from fno to mcx after logging on to their back office. Then they stopped that feature and introduced a system of emailing them for this same purpose. Now even the email facility is stopped. The fund has to be physically transferred to my bank account and i have to transfer it back to their mcx segment....!

I am waiting for zerodha to open their mcx segment as I believe them to be the most trader friendly broker. :thumb:

I hope they do recognize the problem of maintaining separate funds for the 2 segments. Excess funds is normally required in FNO when a position goes bad and we have to incorporate the exit strategy. Most of the time, at least 50% fund lies idle and can be put to use in mcx till the time we dont need it in FNO. If fund switching is not seamless, then i will have to keep only the limited spare fund to work in mcx...!

To begin with, we will have to work on 2 different platforms... NOW for equity and currency, ODIN for Commodities...

As far as fund transfer b/w platform is concerned... We have a fix, may not be as seamless since we will be working on 2 different trading platforms...

Cheers..

 

[Zerodha]

Can you elaborate what is MIS and CNC ??? I tried but couldnt found it anywhere

MIS for margin intraday square off, CNC for cash n Carry...

At Zerodha , use MIS for intraday equity orders where you get benefit of margin but only till 3.10pm, use CNC for delivery trades where you need entire margin

 

[murthyavr]

Zerodha,

The latest version of NOW (1.5.11.2 available on your website), after installation,
shows one extra menu item - Nest Plus*

Can you please tell something about this feature?