Comment on Intraday leverages reduced across the board

Namit Jain commented on 03 Jan 2020, 02:27 AM

I could smell this coming from a mile away. My prediction, Either the broker will be allowed to give a max (I guess 4x) multiple of buying power for intraday like in the US, or the new margining system will calculate VaR for intraday differently and VaR for overnight would be different and the brokers will be required to collect upfront the new VaR for intraday. All to standardise the maximum leverage. No longer will there be 10x 20x leverage. This is if SEBI thinks logically.

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