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

Manjunatha commented on 28 Apr 2020, 08:10 PM

Unlike stocks, crude oil can go in negative prices, is something i learnt first time with the recent event. I notice it was not me alone, even MCX and many ( especially those trading in MCX crude ) are not aware. If you were aware, you would stay off of trading on such choppy prices.

If i am not wrong, MCX crude prices are borrowed and contracts executed for crude stays with in the country, i mean we are not involved in price discovery, our trades don’t get executed at a much bigger crude exchange outside of India. So i think MCX can take a decision to cancel out all the trades profits/losses on those days when market went negative. My 2 cents.

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