Karthik Mahadevan 194
Dividend received on pledged shares will be credited to my registered bank account or will it come to ledger balance? How does this work?
Hi AlgoJi Team
I have a custom code in AFL. I have attached your ''Intraday'' AFL toolkit to it ((just to add SL and trailing SL).
The signals are appearing properly on the charts (as per the inputs to the ''Intraday'' toolkit. However when I hit backtest or scan in amibroker, the signals there are from my original code.
Any inputs on how to work around this?
I am trying to enter this position on BankNifty Dec 31 options series.
- Buy 250 30000 CE
- Buy 500 32000 CE
- Sell 750 32500 CE
I have entered the buy options first and later tried to sell the sell options leg. It is asking me for full margin. System is not giving margin benefit for the hedged position upfront.
Margin required as per the calculator is 10.7L (screenshot attached). System is asking for 38L margin, which is the full amount. This is a hedged position, where I have bought the hedges upfront.
@Tejas Khoday @Yashas Khoday @Sounder Rajan G S your system is really messing up big time last 2 days. Customer care people do not know what they are talking. And I have also raised a ticket. I sincerely urge one of you guys to respond.
@Tejas Khoday please give this below idea a thought. Today you give 3X leverage to option sellers on your platform, which will reduce to 0 in a few more months. See if this below idea is feasible. If feasible, this will good for both the broking house and clients.
Business: Fyers can fund margin requirements for option sell for its clients (only intraday orders and only indices and maybe few liquid stocks)
- Fyers NBFC (if you already have one) disburses a loan amount into my Fyers trading account. Loan can be against a pre-decided sanction amount basis account size, cibil score, etc.
- Fyers trading account only allows me to take intraday positions, along with compulsory stop loss
- End of the day, amount flows back to the NBFC
Benefits to Fyers:
- Nil risk product for the NBFC - Say I have my own collateral margin of Rs. 100, the NBFC gives me MTF of another Rs. 200. The trading terminal only let's me fire intraday orders with the MTF with stop loss defined such that max loss could be only Rs. 90. This way the NBFC's capital is never at risk and only the client's collateral component is at risk.
- Good spreads - It is an unsecured loan for the NBFC with virtually no default risk. the NBFC can build a solid book and make good NIMs (say charge 12-13% to the client annualized). Plus NBFC could also use the overnight float on the funds because client will need the money only from 9.15 to 3.30
- More flow to the broking business - will increase turnover to the broking arm. Also you could position this as a differentiated premium offering. Some clients would be willing to pay you a premium for this (say even a brokerage per lot basis vis-a-vis current brokerage per order)
Benefit to the Customer: Well, needless to say :)
Please give this a thought @Tejas Khoday. I am reasonably sure certain bank brokers at least might be thinking along these lines to keep their intraday volumes alive.
I just realized today that I am unable to buy shares (have been trading derivatives for last 1 week since my account opened). When I contacted customer care they mentioned that I need to give POA to activate CNC.
Why do I need to give POA to activate CNC?
Can someone guide me - how do I see bid/ ask (say best 5 or best 20) for a particular option contract in Fyers Web?