Zerodha....

[mprakash1972]

dear zerodha team,
any chance of commodity trading activation today?
regards,
m prakash

 

[soft_trader]

dear zerodha team,
any chance of commodity trading activation today?
regards,
m prakash

I am sure that Zerodha is not going to activate commodities today. Better try our luck for next fiscal year.

 

[coolcorner78]

I always thought Port 80 was meant only for HTTP traffic, that's why it's kept
open in offices, otherwise you won't be able to surf.

Port 80 is meant for HTTP, but you can host any server on that port as long as its unique for that IP/server you are hosting it on. Like Diet Odin uses port 80. Most of the popular trading softwares use port 443 also like Metatrader. Yeah even port 443 should be fine, which can be used to secure the data as well.

 

[NinjaTrader]

dear zerodha team,
any chance of commodity trading activation today?
regards,
m prakash

No, I had a talk with them yesterday and they said From Monday, 5 March 2012, they will go live on MCX as there is some formalities left to be completed on 3rd March, Saturday. Welcome letter etc. will be sent on Monday, 5 March 2012 itself.

 

[sumosanammain]

Hey Zerodha, can you throw some light on a matter not relating to your company, but some other? Can I ask something out of topic here? Its regarding holding a trading account without having a dp account. Is there a law that requires that we MUST have a demat account, if we want to have a trading account to trade futures only? An answer to this question will help many traders here who have an account with xyz broker, who is adamant that you HAVE to keep a demat account, even to trade futures only.

 

[kumudhan]

No, I had a talk with them yesterday and they said From Monday, 5 March 2012, they will go live on MCX as there is some formalities left to be completed on 3rd March, Saturday. Welcome letter etc. will be sent on Monday, 5 March 2012 itself.

just a doubt.they told you 2012 and not 2013 brother?

 

[murthyavr]

just a doubt.they told you 2012 and not 2013 brother?

5th Mar 2013 is not a Monday..

 

[sumosanammain]

just a doubt.they told you 2012 and not 2013 brother?

Arre bhai, they want your brokerage too. In India, many big NRI's have sworn NEVER to invest in Indian Industry because of the red tapism and delays involved.

A simple signature by a clerk can put a business decision on hold, just because its his nephews marriage and he has to take a week off. Then his aunt has health problems. Thats 2 weeks. Then they discover a type in their own docusments, and that means, ALL the previous signatures on the documents have to be taken again on the corrected documents. Thats another 3 months. Then the clerk takes his annual pilgrimage.

All this while the businessman is busy tearing his hair out, but one by one. As he knows, if he tears it all out in one go, what will he tear out for the remaining months of suspense????????

 

[Zerodha]

Arre bhai, they want your brokerage too. In India, many big NRI's have sworn NEVER to invest in Indian Industry because of the red tapism and delays involved.

A simple signature by a clerk can put a business decision on hold, just because its his nephews marriage and he has to take a week off. Then his aunt has health problems. Thats 2 weeks. Then they discover a type in their own docusments, and that means, ALL the previous signatures on the documents have to be taken again on the corrected documents. Thats another 3 months. Then the clerk takes his annual pilgrimage.

All this while the businessman is busy tearing his hair out, but one by one. As he knows, if he tears it all out in one go, what will he tear out for the remaining months of suspense????????

We ticked off FT by going ahead with Omnesys.. Tomorrow is the day when we should get the go ahead from MCX... It is just one final signature and we have put all efforts and are hoping to have it sealed tomorrow....

 

[Zerodha]

Hey Zerodha, can you throw some light on a matter not relating to your company, but some other? Can I ask something out of topic here? Its regarding holding a trading account without having a dp account. Is there a law that requires that we MUST have a demat account, if we want to have a trading account to trade futures only? An answer to this question will help many traders here who have an account with xyz broker, who is adamant that you HAVE to keep a demat account, even to trade futures only.

Dp is not required for trading f&o... In most of the so called big brokers, it is set as a rule, so the RM you are speaking to might be told that it is a rule for one of the two reasons...

1. AMC charges, can be charged only on DP account..

2. If he is listed, then number of dp accounts a broker holds matters in valuations... So he might enforce a demat... I know a few brokers who go to the extent of not closing accounts even if asked for....