Zerodha....

[meena07]

Well i read most of the comments/demands fellow traders are asking for i.e reduction in transaction charges for futures.
Also i also read all replies from Zerodha and believe in their business model and ethical transparent behavior.
Well i am not with or against both, either Zerodha or traders requesting for cut.

Currently Zerodha is charging approx 500/cr and fellow traders feel there's scope for 200/cr reduction when they compare with other discount brokers.

Well, so debate (?) is over 200/cr .
Mine most conservative guess is Zerodha must be clocking 1000cr daily futures turnover. 1000*200=200k daily. Translate it to monthly aprrox 45 lacs.

Now, Zerodha why do u rely on any clearing member ? Why don't u start clearing activity on ur own. Anyway ur volumes are growing with current model. So u can think over it.
( I don't know details of clearing activity. But it makes sense as u are among top 10 volume clocker)

 

[Zerodha]

sir i trade with religare not edelweiss and use there odin program trading and not odin which every one might be knowing here told you too many people , too many e-mails to many replies on thread so its natural to forget anyways very happy to finally know that you are going to provide margins to write options and sell futures against DP holdings

By when do you think you can provide this facility

Will you charge anything for nest i dont mind paying few thousand rupees a month for a top class platform

NEST will come with algo enabled options i guess if it one co-location

Regards

NEST would come free of cost..

Advanced features on NEST like automated trading, algo's , jobbing software etc, will come with an additional cost...

This setup should take not more than a month now...

 

[Zerodha]

Well i read most of the comments/demands fellow traders are asking for i.e reduction in transaction charges for futures.
Also i also read all replies from Zerodha and believe in their business model and ethical transparent behavior.
Well i am not with or against both, either Zerodha or traders requesting for cut.

Currently Zerodha is charging approx 500/cr and fellow traders feel there's scope for 200/cr reduction when they compare with other discount brokers.

Well, so debate (?) is over 200/cr .
Mine most conservative guess is Zerodha must be clocking 1000cr daily futures turnover. 1000*200=200k daily. Translate it to monthly aprrox 45 lacs.

Now, Zerodha why do u rely on any clearing member ? Why don't u start clearing activity on ur own. Anyway ur volumes are growing with current model. So u can think over it.
( I don't know details of clearing activity. But it makes sense as u are among top 10 volume clocker)

Clearing member roles involve:

Clearing Computing obligations of all his TM's i.e. determining positions to settle.
Settlement - Performing actual settlement. Only funds settlement is allowed at present in Index as well as Stock futures and options contracts
Risk Management Setting position limits based on upfront deposits / margins for each TM and monitoring positions on a continuous basis.

Having an outside agency especially someone life ILFS to do it is prudent. They have almost 10,000 crore worth of assets and the most media shy company I have seen. Hence a lot of you may not have heard of them, the group has 256 different companies. We have an arrangement, where we our terminals can never go down for any reason. If you were trading in 2008, you would know that a lot of popular broking platforms went down and stocks were sold from your demat etc to get the terminal alive again...

1000 crores in futures??? Jesus, We are no way near to even 1/3rd of that in futures turnover. Hardly any retail participation in daily futures turnover. most of the turnover that is coming today are because of cash future arbitrage done by prop desks...

 

[Trader0428]

Heart patients, High BP persons avoid trading in ZEST Pulse... else u will end up with big health issues.... I can't tolerate... the worst trading platform i ever traded. Zerodha pls take it serious. again and again i am updating here... NEST pulse is not fit for trading... chart is showing some price and quotes are running in different price... if i close the chart all the price in the watch list are updating in rocket speed. Dont know which price is live... for some times 2,3 bars are missing in chart. i don't know weather all users are facing this issue or me alone.

 

[meena07]

Thanks Zerodha , for replying to silly ideas from me.

Though i was wrong in guess, That day is not far..... Zerodha.

 

[my investment]

Clearing member roles involve:


1000 crores in futures??? Jesus, We are no way near to even 1/3rd of that in futures turnover. Hardly any retail participation in daily futures turnover. most of the turnover that is coming today are because of cash future arbitrage done by prop desks...

just an off topic question how much can we make in this cash future ( returns per month ) arbitrage as i have not done it in big way

will your nest be able to provide this option of cash futures arbitrage if i am ready to pay

i usually sell coverd calls and some condors and butterflies and use one leg with cash delievery so dont want to pay heavy delievery brokerage as threre is huge churning some times i sell stocks in two days but not less than that as the risk of auction is to big to ignore

Thank for the help looks like i can kick religares butt this time and trasfer 25 % money with you guys

 

[Zerodha]

Heart patients, High BP persons avoid trading in ZEST Pulse... else u will end up with big health issues.... I can't tolerate... the worst trading platform i ever traded. Zerodha pls take it serious. again and again i am updating here... NEST pulse is not fit for trading...

Nest Pulse?? We are not providing it to anyone yet... If you are talking about NEST pulse which is on NOW and if you have subscribed for it, it is not the best combo to work on...

For the Zerodha trader, we have been getting very good review from all our clients...

I am confused what you are pointing out to.. can you email me your contact and client id to [email protected]?? Please mention my name (sachin) in the subject

 

[Zerodha]

just an off topic question how much can we make in this cash future ( returns per month ) arbitrage as i have not done it in big way

will your nest be able to provide this option of cash futures arbitrage if i am ready to pay

i usually sell coverd calls and some condors and butterflies and use one leg with cash delievery so dont want to pay heavy delievery brokerage as threre is huge churning some times i sell stocks in two days but not less than that as the risk of auction is to big to ignore

Thank for the help looks like i can kick religares butt this time and trasfer 25 % money with you guys

Cash future arb, today has become a high latency strategy(if you are doing automated trading)... Crazy amounts of turnover happens everyday on this.. This is probably contributing almost 50% of futures turnover...

All those weird ticks we are hitting on nifty futures is because the market depth in futures market has died over last few months... Never were seeing these kind of ticks before and we have had 2 instances in 1 week... So exchange has to do something to improve the market depth of futures...

That apart, because it is latency driven, you would have to get the fastest machine and internet.. So you will need rack space and a really fast server at NSE for this to make any sense... Rack space at NSE is now at a huge premium, around 40lks a year for a full rack... But this cost could be shared between 10 to 15 people...

But this game has heavyweights with whom you really can't fight.. So, if you don't really have a good strategy, it is best not to get into cash future arbs...

 

[VICKKY]

Clearing member roles involve:

Clearing – Computing obligations of all his TM's i.e. determining positions to settle.
Settlement - Performing actual settlement. Only funds settlement is allowed at present in Index as well as Stock futures and options contracts
Risk Management – Setting position limits based on upfront deposits / margins for each TM and monitoring positions on a continuous basis.

Having an outside agency especially someone life ILFS to do it is prudent. They have almost 10,000 crore worth of assets and the most media shy company I have seen. Hence a lot of you may not have heard of them, the group has 256 different companies. We have an arrangement, where we our terminals can never go down for any reason. If you were trading in 2008, you would know that a lot of popular broking platforms went down and stocks were sold from your demat etc to get the terminal alive again...

1000 crores in futures??? Jesus, We are no way near to even 1/3rd of that in futures turnover. Hardly any retail participation in daily futures turnover. most of the turnover that is coming today are because of cash future arbitrage done by prop desks...

Most of the small broking house like RKSV & BEZEL are also clearing through I&FS, still their transaction cost is less.

 

[VICKKY]

We are not opening an office in Mumbai, just to ensure that all of you get the stamp duty benefit from Karnataka... If a guy does 5 cr of future turnover, he pays only Rs 50 with us, whereas he would pay Rs 1000 as stamp duty with others... ( excerpt from the reply given by Zerodha)
Dear zerodha, that is why the mother of all question arise, how much of this benefit you are passing to your customer. ABSOLUTELY NOTHING.
For five crore future transaction your charges will be Rs 7120, while same transaction with RKSV will cost Rs 6590 even after paying Rs 1000 as stamp duty against Rs 50 at KARNATAKA.

regards