Zerodha....

[newbie12345]

What I have noticed is NOW has issues on Windows XP. I tried it on multiple boxes yesterday and it crashed on three XP boxes, one with SP2 and the remaining two with SP3.
It has run without any issues on Windows 7 so far. Will post if I run into any problems on Windows 7. I feel the issue is XP centric. Been facing it since yesterday and no amount of installing/reinstalling has helped. It either does not connect or crashes within minutes.

 

[Zerodha]

What I've noticed everytime this topic comes up is Zerodha's rather deafening silence. They liked your post - so does that mean complete endorsement? For some reason they resist a total clarification. As others have pointed out, the transaction charges they charge are significantly above others who also use IL&FS. So how about a simple clarification on what these charges are, how they're defined and what the future trajectory may be?

For a business that prides itself on transparency, I find the lack of clarifications from Zerodha themselves quite peculiar. Whether they make significant sums on their prop desk or not, I do not know and frankly don't much care (as long as they aren't front loading trades or anything dubious). But, if they tell me my brokerage is 20 rupees and it turns out its 20 + x percent, that would be extremely dishonest. On the facts as they exist it's hard to definitively say that's not what they're doing, because they refuse to clarify what the charges are & what the criteria for those charges is. I suspect it doesn't matter quite as much to options traders, but as someone who trades reasonable volumes primarily in the futures segment, I'm pretty put off by these charges + the constantly broken software.

So again, clarifications, Zerodha?

Hi aot,

This is something that I have answered the most often, if you go through the last 100 pages of this thread, you will see that I might have answered this once every few pages.. Definitely not silent about it.. If someone answers what is on my mind, I just endorse it by saying a thanks..

Understand the issue with the software, we should have a fix very soon..

We are not self clearing members and we use ILFS for the same..The deal you get into with a clearing member need not be the same for everyone..The rates are based on the facilities the clearing member provides.. We might be aggressive in pricing, but very conservative when it comes to risk management.. Brokers get killed when markets go limit down or up, we are constantly preparing for this day, the deal with clearing member is an important insurance on that day.. Today there are brokers who charge between 300 to Rs 600 as turnover charges.. At 490, we are on the higher side and this would go down.. But we don't want to get into a situation where we first reduce this and then have to increase it again, as a business that would put us in a spot..

Today in 1.5lk crore of f&o turnover that happens in the market only around 15 to 20% happens on futures.. Out of the 25000 crores that happens on futures more than half would be coming from the algo's doing cash future arbitrage.. So very little turnover in futures happens by retail today.. The same scenario with us.. We are hoping for some pop in volumes to take the charges down further..

 

[Zerodha]

Sachin/Zerodha

what is the prevalent rate about the SLB - the guy holding the stock and lending it

sr

It depends totally on opportunity that exists at that time.. A guy today will borrow stock only if there is a reverse arb opportunity..

So higher the discount on the futures to cash, the return you make from lending will be higher..

 

[vikrit]

Hi aot,

....We are hoping for some pop in volumes to take the charges down further..

sachin, problem is that whosoever once trade in future with you or compare in calculator find other discount brokers cheaper. so, i don't think with these charges, any sizable no. will add. but yeah clients trade in heavy lots will be in benefit, so they can give good vol.

and same for commodity. if your target are big clients who trade 6-10 lots in a single order then its ok. but for traders who trade in 2-3 big ones, or mini ones, then total brokerage+charges will same as others or costlier, b/c not every one buy/sell all lots in single order. stamp duty also create problem for smaller ones, but good for whom who trade more than 15-20 lots in same contract in a day.

 

[kumudhan]

when we can trade nifty in ZTRADER sachin?

 

[meena07]

sachin, problem is that whosoever once trade in future with you or compare in calculator find other discount brokers cheaper. so, i don't think with these charges, any sizable no. will add. but yeah clients trade in heavy lots will be in benefit, so they can give good vol.

and same for commodity. if your target are big clients who trade 6-10 lots in a single order then its ok. but for traders who trade in 2-3 big ones, or mini ones, then total brokerage+charges will same as others or costlier, b/c not every one buy/sell all lots in single order. stamp duty also create problem for smaller ones, but good for whom who trade more than 15-20 lots in same contract in a day.

Exactly. If anyone do face to face comparison for 3 categories of Futures trade volume <5lac , 10-30 lac and >50 lac.


<5lac Category : Even regular brokers also charge 2+2 paise for fut. And coz of Stamp zerodha equals them. So no incentive for small fut trader of this category.

Other 2 category already have RKSV as option. Then Zerodha, how can u increase your t/o ? Brokerage refund is good idea. But out of heavy vol traders, why anybody will risk on getting his brok back.If they are in minus in any month, they may lose all brok. Instead they will switch to fixed brok.

Then which category of futures traders will give increase in t/o ?

A threat is surely there Zerodha : If Rksv comes with 1paise for small clients, then ???



Zerdha consider fixed brok plan as well some innovative incentive for small players . Stamp is boon only for traders having t/o excess of 25lacs.

U also can think of some innovative feature of max brok ceiling on a day. Means u will be charged lower of- (120-150) rs per day OR actual brok.

 

[megapixel]

Friends ,

NOW software does not have stop loss and target price setting option together when you place an order. It does not have bracket order facility....neither OneCancelOther(OCO) similar to ThinkOrSwim software.

How do you manage such situation in NOW ? Is there any way workaround to put stop loss to protect capital and also to put a target price ? How do you overcome this situation ?

I'm loosing capital because of no stop loss after placing order

Need expert help.

 

[sachin928111]

i am completly new to options trading pl tell me can we trade options on intrady. if i sell 5200 ce and buy the same with one lot will it be square off short selling options is writing options?

 

[DataRam]

i am completly new to options trading pl tell me can we trade options on intrady. if i sell 5200 ce and buy the same with one lot will it be square off short selling options is writing options?

Yes Options Can be traded Intraday .

You have mentioned it correctly about Square Off. This kind of trade in options will be just like any other Intraday trade.

Suppose 5200CE option premium is Rs. 15 @ 11:00am . You write the 5200CE strike price @ 11:00am @ Rs. 15 in anticipation that market will go down.

Now your analysis is right and by 1:00 pm the market goes down and the premium value of 5200CE comes down to Rs. 11. Now you can book profit by buying back.

 

[columbus]

I think your BACK-OFFICE is not working on FIREFOX (It works OK with IE).
Please do something to it.