Can now we have blogs on how brokers work. Such info just isn’t given by many and in India no info is offered.
As tech individual, there r many who learn zerodha tech blogs. We love if extra info on backend and dealing and programs of dealer info is given
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Pricey @nithinIf now we have margin, let’s say Rs 3,00,000.And I need to promote following PE:Abc Ltd (margin required let’s say Rs 1,00,000)Bcd Ltd ( as above)Cde Ltd (as above)Efg Ltd ( as above)Fgh Ltd (as above)Whole margin is Rs 5 lacs, then solely 3 orders will get positioned (not executed, assuming restrict order) and remaining 2 rejected on account of inadequate margin.
However one can simply put all 5 orders with GTT order. There is no such thing as a shortfall of margin until gtt order tigger.
Are you able to present this services to even regular restrict order additionally, i.e. all 5 orders positioned at regular restrict order and when any of three orders executed, the remaining 2 orders get cancelled.
Thanks
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@NsinghGTT was launched as a result of limitation within the first place. Now you might be asking for the precise reverse.Keep in mind, GTT orders exist on Z server, whereas L/SL orders exist on the EXCH server (Change orderbook).There is no such thing as a strategy to management threat as soon as order is on Exch servers.
As per current Margin guidelines, what you need just isn’t attainable.
@Bhuvan
Contemplating bringing steak and tijori into zerodha free of charge of value.
Many brokers supply basic examine like income additionally in there app. Whereas now we have to purchase subscription of those apps individually and use it
Nsingh:
However one can simply put all 5 orders with GTT order. There is no such thing as a shortfall of margin until gtt order tigger.
Are you able to present this services to even regular restrict order additionally, i.e. all 5 orders positioned at regular restrict order and when any of three orders executed, the remaining 2 orders get cancelled.
Chirag1:
GTT was launched as a result of limitation within the first place. Now you might be asking for the precise reverse.Keep in mind, GTT orders exist on Z server, whereas L/SL orders exist on the EXCH server (Change orderbook).There is no such thing as a strategy to management threat as soon as order is on Exch servers.
What Chirag talked about is right. GTT isn’t technically an order, it’s extra like an alert that triggers an order. Therefore the margin required is barely when the order is positioned. Within the case of regular orders, it needs to be positioned on alternate and it will probably’t be finished with out adequate margin.
Manu_Manjunath.Okay.R:
Many brokers supply basic examine like income additionally in there app. Whereas now we have to purchase subscription of those apps individually and use it
Streak scanners are free for Zerodha customers. Backtesting and taking methods stay is tough to make free as the price of operating backtesting or holding methods stay is kind of excessive. There’s lots of computing energy required for this.
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Scanner by Streak
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We’re quickly introducing Tijori on Console like a widget and a timeline. Give it a couple of extra days. All the fundamental data might be free of charge and the costs might be just for these which are accessible completely on Tijori.
Thanks for the response.
I solely do basic evaluation and long run funding, I take advantage of variety of web sites and brokers simply to examine fundamentals.
Only a suggestion, as a result of many individuals I do know have to make use of third celebration simply to get info of economics of share.
Even easy integration of ticker tape can be good. Not professional one.
Under is fundamentals.
Manu_Manjunath.Okay.R:
Even easy integration of ticker tape can be good. Not professional one.
Under is fundamentals.
We’re engaged on one thing. Give us a while.
abcd5662:
abcd5662:
nithin:
abcd5662:
@nithin would search your regulatory foresight on the delayed fee expenses on account of eod margin shortfall (and never due to lower than 50% margin coming from money equal, please notice) – in circumstances the place the primary communication from zerodha on the shortfall within the type of margin calls is arriving the following day? And the way snug are you charging this?Ticket #20230907761453 for reference (yesterday’s dialog)
@TheGouda is checking on this. We are going to get again to you quickly.
Has occurred once more in Oct, and haven’t obtained any response on the ticket from the staff. My solely submission is – in case you are adequate to determine a shortfall and levy penalty, you need to be adequate to ship a well timed shortfall communication. And in the event you’re not, please don’t penalise customers who haven’t any strategy to learn about it since most of us would cease monitoring fund balances as soon as the market closes. Speak about serving to individuals do higher with their cash.
And after going by way of all of the help articles on zerodha, the shortfall appears to be of the upfront type within the first place, since I’ve been buying and selling solely in index choices. Furthermore, the article additionally mentions {that a} shopper has until T+1 so as to add funds. So the remedy from zerodha is extremely doubtful, and would certainly need to get it verified with somebody impartial.
As talked about in my ticket, at present Zerodha needs to have it each ways- squaring off positions when margin shortfall happens (stating they’ll’t move on upfront margin shortfall penalty to customers , so sq. off being the one approach out); and in circumstances the place the shortfall could be very small and staff is unable to sq. off since they had been busy managing excessive shortfall positions, they’re charging delayed fee expenses (which suggests now they’re contemplating it as a non-upfront shortfall). Definitely it will probably’t be each foundation a dealer’s comfort, proper @nithin ?
What are the examples of upfront penalty? NSE Round on Quick margin penalty refund – #26 by nithin
Hello @nithin , @TheGouda – are you able to please have somebody reply to those queries right here?
I’m completely confused on how a few of these delayed curiosity fee expenses are being levied, and the help staff’s ‘help’ has been irritating, to say the least. After making me wait for nearly a month, they apparently made a name on my quantity (with none appointment/ pre communication) throughout the Diwali week (the decision went unanswered, clearly), and inside 24 hours the ticket was closed. I imply come on, I’ve finished stints with CS groups up to now and this actually is farcical. Don’t you suppose it’s good to shut loop on the question on the ticket earlier than marking it as closed??
Sharing elements of the dialog so that you can decide for your self. My earlier CEO used to say this, and is likely to be related for brokering business as nicely – “For commoditized companies, service & buyer help change into the differentiators”.
from twenty seventh Oct. Please take note of the dates together with the dialog:
PS – would request a response on the ticket/ right here. Please don’t organize for a name. That approach I can refer again to the foundations in future as nicely. Usually instances have discovered the platform behaviour and over-the-call explanations contradictory.
@nithin – that is actually appalling. The staff doesn’t reply on tickets, or right here. I’ve beed paying DPC on upfront margin penalties however then on some random days additionally letting my positions get auto squared off. Your programs all are flawed and in the event you’ll undergo the above thread, would realise neither your staff has any readability on what’s upfront/ non-upfront margins.
Excessive time you guys begin hiring competent individuals for essential work streams, moderately than giving the tradition excuse for not hiring from prime faculties. I’ll regularly transfer to a different dealer quickly (you couldn’t care much less I do know, however you need to nonetheless do it in your different merchants). Additionally I do know this business is filled with crooks, however at this level of time I’m simply making an attempt to keep away from hypocrites.
Had lots of admiration for the work you guys had been doing, however have come to understand you’ll aren’t any completely different.
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Hello @abcd5662
Sorry for not matching as much as the expectations that you just had from us on this case. Getting this checked with the staff on a precedence foundation.
I imagine your refund had come by way of or at the least it was going to on the time. I had the identical difficulty, and regardless of pointing it out, nothing occurred in my case.
Had received Nithin concerned, and the Zerodha consultant from this discussion board had stated it was being “checked”, that was 5 weeks in the past…
And earlier than this, had raised this difficulty in June as nicely…
Hello @SachinSingh
Getting this checked. Crew will type this out and provide you with an replace over the ticket. Sorry for the delay.
abcd5662:
moderately than giving the tradition excuse for not hiring from prime faculties.
Lol, I keep in mind seeing an interview the place he was explaining why they don’t rent from IITs & IIMs – as a result of they don’t slot in culturally. Why? As a result of, he specified, they query progress prospects and ask for cash. Seems being cash minded doesn’t go nicely with India’s fortieth richest entrepreneurs. Jogs my memory of what our hon’ble PM as soon as stated: “Maine kaha, hypocrisy ki bhi seema hoti hai”. I really feel you want them greater than they want you.
Simply to be clear, I don’t suppose all sensible individuals go to prime faculties, or that every one prime faculty graduates are nice downside solvers. It’s only a touch upon this mentality that will moderately have a staff of people that’ll not query you while you buyback shares at a valuation of $1B of a agency that business persons are valuing at >$5B, than hiring aspirational individuals with a progress mindset.
Disclosure in case the above remark appears private: Later this 12 months, I’ll be graduating from one among India’s prime B faculties. The truth is, it’s only a stone’s throw away from Zerodha’s HQ.