Comment on Orders - Place, Modify, Cancel & View

Nithin Kamath commented on 06 Jun 2013, 06:17 AM

Chris,

Settlements are done on T+1 on MCX, so the profit you make will be credited only the next day.

RMS auto square off block, usually this error will come about if you are trying to buy/sell using product type as MIS(intraday trades) and if you are trying to place after the stipulated time for intraday. So for example in commodities 25 mins before market closing (11.05pm) and 20 mins(3.10pm) before closing for equity. If you are trying to place after this time with MIS as product type you will get this error.
We allow MIS trading not on all the commodities, Gold, Silver, Crude, Copper, Nickel , Zinc, Lead, Aluminium, Alumini and Natural Gas contracts are the ones on which we allow. If you try buying MIS for a commodity other than above you might get that error.

You can also check this blog on Margin Policy.

View the full comment thread »