Comment on Margins on Kite order window

Parag commented on 11 Jun 2020, 11:12 AM

Sounds good. One small enhancement that could considerably enhance the value of this fix is:

1. Since calculation is done based on existing F&O position of the customer, hence it would be good to show additional field as to placing the order will result in margin shortfall or not? This could be excellent automation, considering that calculation is already done by zerodha for the fix.

2. Slightly unrelated, however please fix the issue wherein Nifty and Bank Nifty Option strikes get blocked due to OI issues. With the new hedge benefits by SEBI, not able to buy even near strikes contracts for Nifty and Bank Nifty will make the entire platform with all features unusable. I have observed that for monthly expiry during volatile sessions even strikes that are 200-250 points away are not being allowed to trade. A trader can loose considerable amount if he is not allowed to buy these contracts and hedge or shift his positions. Also, these contracts that are disallowed are not static and it changes on daily and even hourly basis. This way the platform can not be trusted as suddenly even contract strikes 200-250 points away from spot may be disallowed to trade. Point to note also is that such positions are allowed by almost all discount brokers making them more attractive to trade upon.

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