Comment on How safe is it to trade with Zerodha? Recap

pradeep kini commented on 28 Apr 2020, 12:57 PM

@ chandra shekar
The issue with Crude pricing is more of an issue with MCX. I believe their platform and their risk management team never saw this issue happening and have not factored in Negative pricing for comoditties. Of course as you say the brunt is borne by the Trader and to some extent the broker providing the leverage. There are several legal litigations against MCX for losses due to them not factoring negative prices. But as you are not new to our country and well know .. they will get away with it and the investor/ trader will or has already lost. unfortunately there is no other comoditty exchange so traders will have to use MCX for trading and hedging purpose. I am sure MCX will have CTA (covered their asses) with some small clause or the other. Though I empathize with your situation I dont believe that there will be any ruling in favor of the broker/ investor/ trader.

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