Zerodha....

[Arjun20]

Zerodha,

I am sorry to say that I can't agree with you. How it is possible to generate a tick in Minifty by NSE beyond the circuit limit? You only told that there was a tick at 3500, how the hell it is possible?

Try to understand it technically, before generating the tick of 3500, a circuit breaker should come into effect, which should stop the trading on the scrip with immediate effect.

So, with a price band of 10% how the tick gets generated at 3500? Do you have any answer for that?

And if it is so, then that means the circuit breaker is of no use, tomorrow another programming bug in NSE could bring down the price of Nifty at 10 or even at 1 point????

So where is the efficiency of the circuit breaker here???

Zerodha, please answer.

Just to add my few observations.
Yesterday during day opening first 5min candle, miniNF did show High of 5312 which was much different than corresponding candle High of NF , which indicated freak trade(/s) of small variation which is normal as observed many times at opening.

Now issue of freak trade occured at 3512 . ( values which i get on my ODIN).

Now 9.20 candle freak was 5312 and 12.42 was 3512 ..... Any relationship???

Also if it's part of game as said by Zerodha , then 'Why circuit did not come in place ?'....as told by Soft_trader.

Someone did point out possibility of Algo by FII.If it's so, how come FII started getting interested in Mini NF ???
Was there intention of testing loop hole in system by interested ?
OR it was one of routine incident as described by Zerodha ?

NSE/SEBI need to probe in subsequent trades done by party who placed 3512 order.

 

[tomjerry]

Algo and HFT under SEBI scanner!

News Headline: SEBI issues rules for algorithmic trading

News link: http://economictimes.indiatimes.com...-algorithmic-trading/articleshow/12475560.cms

 

[megapixel]

Can anybody please post me a link where trading in NSE NOW MOBILE is explained. I did not find any video / tutorial about trading on MOBILE.

Need your help.

 

[pakatil]

When NF is trading at 5310, a trade at 3512 ( ie 1800 pts below) should never have been triggered under any circumstance. What happened to all Surveillance and circuit breakers. They are meant for what...?. OK.....NSE has reversed all trades at 3512 levels. Officially day's low is 5238. What about trades whose trigger was well below 5238 and got triggered. Have they reversed them also.

They are so smart that, freak ticks visible in real time has been removed at eod. After all they are so efficient in cover up operations.

Risks are there in Financial Mkts agreed. Why this sham of checks and balances which never work.

 

[murthyavr]

About the Freak trade triggering the stop losses....

After looking at all the posts, firstly let me clear the confusion out which some of you seem to have...

1. Mininifty did trade at 3500, but none of the Zerodha client actually bought or sold mininifty at that price... Even the trade that got executed at 3500, was later reversed by the exchange...

2. The problem was, because it ticked at 3500, it triggered a lot of Stop losses placed in the system... Even if it was not 3500 and it was 5000, it would have still triggered all the stops...

What do I think about it??

Stock or commodity markets are uncertain and not under control of anyone... If an index like s&P could have ticked 10% down because of a freakish incident last year, nifty which turns over 1/10th of S&P and mininifty probably 1/1000th, it is no big deal... It wasn't a big deal for even the news to flash it...

These are the risks we take trading financial markets and we have to live with it. No complain to anyone will help. Markets move based on the balance of buyers and sellers. If someone decides to sell a million lots of nifty futures, he might bring it down by 10% for a few minutes... WE can't tell this guy who wants to sell not to sell...

Yesterday's incident, for every guy who probably lost a little money because of this trade, there was probably another guy who made the same...

Remember guys, the ticker is always right... If a price was recorded on the tape, no one can fight it... We just have to get used to the fact that, **** Happens !!! and move on.... ...

Your casual approach towards the matter and a fatalistic view of the market
manipulations is frightening..

Several people must have lost thousands of rupees on account of one freak
incident, which occured bypassing all the so called security measures and
you people are asking us to take it cool!

You have not even formally volunteered to protest against it, and I don't find
your attitude in the direction of supporting your own customers.

Zerodha, what's happening to you? Do we call this complacence?

 

[pakatil]

Your casual approach towards the matter and a fatalistic view of the market
manipulations is frightening..

Several people must have lost thousands of rupees on account of one freak
incident, which occured bypassing all the so called security measures and
you people are asking us to take it cool!

You have not even formally volunteered to protest against it, and I don't find
your attitude in the direction of supporting your own customers.

Zerodha, what's happening to you? Do we call this complacence?

Right on dot.

 

[pakatil]

Apart from freak bar of 12.43 which went to 3512, there was another freak bar at 2.00 which went to 5200 levels. I wonder how many have noticed.

Now all the freak bars have duly vanished.

 

[sumosanammain]

Your casual approach towards the matter and a fatalistic view of the market
manipulations is frightening..

Several people must have lost thousands of rupees on account of one freak
incident, which occured bypassing all the so called security measures and
you people are asking us to take it cool!

You have not even formally volunteered to protest against it, and I don't find
your attitude in the direction of supporting your own customers.

Zerodha, what's happening to you? Do we call this complacence?

What do you expect them to do?

Maybe the people who are scared of such instances should quit trading and move to a fairer business.

Compared to the pitfalls involved in other businesses, these are pretty small issues. There are almost more than a million civil cases pending in courts, where people have cheated other people in business. Maybe the only option left is to do a job. But then, what if your salary cheque bounces? Maybe stay at home then.

Hope you take my post in the right spirit buddy. This is not to target you are anyone, juist to point out, that all businesses have issues. This business has too. And its more transparent than most businesses.

 

[sumosanammain]

Apart from freak bar of 12.43 which went to 3512, there was another freak bar at 2.00 which went to 5200 levels. I wonder how many have noticed.

Now all the freak bars have duly vanished.

Problems are acceptable, coverups are not. This is bad.

They have maybe gagged the media also, or there would have been some mention there too.

 

[rxvenk2]

Zerodha/Traderji members,
Have anyone of you tried to automate your trading via NEST Plus/Pulse. NSE NOW has that option available. I found following point in the NEST Pulse user manual:

In case you’re using Nest Pulse with an Investor Client login, you will be prompted to confirm the order, every time a condition is triggered. Unless you confirm the order to get placed, it will not. In case you’re using Nest Pulse Dealer with a Dealer login, you have the option to select whether the orders are to be placed automatically, or you should be prompted to confirm the order before placing

Does that mean only dealer can do automatic trading without any human confirmation. If one is going to automate their trading strategy, is that going to run on the client side or server side, meaning should we keep the NOW/NEST Plus ( or Zerodha Trader in future) up and running to execute the trade. If we make any strategy "Go Live" will this run in the server side, even after the NOW software is closed ( similar to the pending order request).