Zerodha....

[sudris]

Thanks TP,

I called them and they said that calculate it manually as the MTM for positional trade is shown incorrect.

I think they need to fix this.

Thanks

Many times it so happens that the broker or Zerodha or the person representing the broker for that matter, does not know the actual answer to your query. may be due to NOW terminal's frequent upgrades. So can't be called as Zerodha's or NOW Team's fault.

You should be able to get what you want in this way:

Surveillance--->RMS Limits--->View Limits--->under User Option select Show All Clients.--->make sure Display positions is checked---> Refresh.

If you have any positions, it will be shown in the lower pane with no mis-calculations.

 

[Aarav11]

Many times it so happens that the broker or Zerodha or the person representing the broker for that matter, does not know the actual answer to your query. may be due to NOW terminal's frequent upgrades. So can't be called as Zerodha's or NOW Team's fault.

You should be able to get what you want in this way:

Surveillance--->RMS Limits--->View Limits--->under User Option select Show All Clients.--->make sure Display positions is checked---> Refresh.

If you have any positions, it will be shown in the lower pane.

They told me this but they said that whatever shown there is not correct ( And in my case it it showing it incorrectly) and one should calculate it manually to get the correct value.

Thank

 

[sudris]

They told me this but they said that whatever shown there is not correct ( And in my case it it showing it incorrectly) and one should calculate it manually to get the correct value.

Thank

what TP had suggested, indeed doesn't show the actual values.

But try with what I said. it shows correct values for me. Unless I'm doing some calculation error manually.

 

[Zerodha]

Zerodha,

First,please tell in more details about these automated trading tools.

Secondly, I have a requirement where I would like to have system generated orders that will be automatically placed in NOW, based on certain conditions. Will you be interested to listen to my requirements in detail?

We have been getting calls about automated trading from few of you... Here is some info..

1. Automated trading not possible from a client terminal. This is not allowed by NSE. Automated trading can be done only through a dealer terminal..

2. NEST PULSE, allows you to semi-automate your trades. Once we are live on Zerodha Trader, you will get an option to design strategies, backtest it for 3 years and then have it incorporated into PULSE. Once it is incorporated, everytime a signal comes through, a buy window will appear on the terminal. You would then have to click an enter to execute the trades.... There would be a cost for PULSE, around Rs 100/month. But this is an amazing tool for all people who use technical analysis to initiate the trades.

3. If you still want to do automated trading, you have 2 options:
a. If it is based on technical analysis, you can use NEST PULSE or else you can have an api which can automate.. For this, as I mentioned before, you will need a dealer terminal. To get a dealer terminal you will need NCFM dealer certification and become a sub-broker with us. As a sub-broker you will have authorization to trade only on your account and no other.. Dealer certification is free, but to become a sub-broker there would be some money charged by NSE.

b. If these are strategies which are on mispricing, put-call parity, cash future arb's, option strategies etc.. we again have 2 sub-options:
1. Latency driven strategies: These are strategies like cash fut arb etc.. It is very important for your terminal to be on the exchange itself as time is of the essence. You would need your servers to be on the NSE rack. This can cost between 30 to 40lks and 3 to 4 people can share this one rack. Additional to this there would be a monthly cost of strategy, 10-15k per strategy per instance. This is not a typical retail product, usually the guys who use a product like this today have atleast 5 to 10 cr in their trading account..
2. Non -Latency driven. Option strategies, doesn't need you to have the fastest speed to execute a trade. These can therefore be executed on servers at a data center. You would still have to rent a server, which can cost 10k to 15k a month. Along with this there would be an additional cost of 10-15k per strategy per month. These costs can come down as and when we have more people who start using these products.

More than discount broking, automated trading was the most important thing to have happend in the US brokerage business. Today, most active traders in the US have automated their trades.

Our next target at Zerodha is to make these affordable and educate the active day trading community in India.

We will run online education programs and tutorials on the same in the coming months.

 

[Zerodha]

Thanks TP,

I called them and they said that calculate it manually as the MTM for positional trade is shown incorrect.

I think they need to fix this.

Thanks

Hi Aarav,

All positions get marked to market at the end of every trading day. The next day, your mtm will be based on the closing price of the previous day..

So for eg, if you bought nifty at 5250 now and if market closes at 5260. At the end of the day when mtm happens, you will get a credit of 10points into your account and Tomorrow, mtm will show based on 5260 and not 5250.

If you want to know the price of acquisition, you can check out the contract note or else logon to backoffice and go to the trade book link...

 

[sudris]

@ Zerodha,
would like to know your comments on this.

Proper MTM :
You should be able to get what you want in this way:

Surveillance--->RMS Limits--->View Limits--->under User Option select Show All Clients.--->make sure Display positions is checked---> Refresh.

If you have any positions, it will be shown in the lower pane with no mis-calculations.

I hope, this procedure doesn't end up showing incorrect MTM values.

 

[Aarav11]

Hi Aarav,

All positions get marked to market at the end of every trading day. The next day, your mtm will be based on the closing price of the previous day..

So for eg, if you bought nifty at 5250 now and if market closes at 5260. At the end of the day when mtm happens, you will get a credit of 10points into your account and Tomorrow, mtm will show based on 5260 and not 5250.

If you want to know the price of acquisition, you can check out the contract note or else logon to backoffice and go to the trade book link...

This clarifies my doubt..

Thanks

 

[meena07]

2. NEST PULSE, allows you to semi-automate your trades. Once we are live on Zerodha Trader, you will get an option to design strategies, backtest it for 3 years and then have it incorporated into PULSE. Once it is incorporated, everytime a signal comes through, a buy window will appear on the terminal. You would then have to click an enter to execute the trades.... There would be a cost for PULSE, around Rs 100/month. But this is an amazing tool for all people who use technical analysis to initiate the trades.


Our next target at Zerodha is to make these affordable and educate the active day trading community in India.

We will run online education programs and tutorials on the same in the coming months.

Hi Zerodha,
The info u shared is really good. Most of traders can't afford Fully Automated systems described by you.
So Semi-automated system with 100rs/month that too with 3years back test is really amazing. There should not be any problems.

But pls provide Educational Videos asap...

 

[bpr]

All of a sudden nest plus chart in NOW stopped working from today.
Please chk.

 

[GTji]

Hey Zerodha, sorry if I have missed something, but what happened to the brokerage challenge? The 2 months are now over since it was started, or was it going to be 60 trading days?, excluding the holidays?