Currency Trading - Issues in Zerodha

Now we are facing Currency trading issues in Zerodha

It is saying an error of illiquid counter for buy of Feb FUT of EUROINR - but the counter is available & market depth shows sellers & buyers.

Now really don’t know if anything cannot be traded in Zerodha (eg cannot buy more options to reduce margin when selling) then what to trade here?

@ShubhS9 @siva - any reply on this?

Vijay, sorry, missed this. Can you provide a screenshot, will be easier to explain.

Shubam - Again today same issue.

I see so many sellers - then how it can be illquid :slightly_smiling_face:

Not able to do any reasonable trading in any asset class - options selling we cannot hedge with far OTM (buy is restricted) - this is another issue - illiquid counter - see we know the risk - also this is Mar expiry - the strategy itself requires far out futures for pair trading :slightly_smiling_face:

It is an illiquid contract, Vijay. Hence the trading is restricted. Please take a look at the difference between Bid and Offer prices, plus the volumes traded.

image

If you have a short option position, you can buy options at any strike price to the extent of the quantity shorted.

1 Like

Shubham - This always happens for EURINR pair - I know USDINR is more liquid but 3 months away EURINR pair future contracts are always Illiquid and it is known - but we need this for the strategy itself - spread we will take care by pitching for a price with limit orders - but Kite not allowing any orders is not acceptable - You can take a vote with the traders - what they feel - let people take the risk (as we have margin then only we are allowed to trade). Pls do something abt this.

Yes that agreed - will tell you issues

  1. We cannot hedge with multiple positions ( already raised this to @siva long back)
  2. We always have to sell & then buy which requires more margins & risk of margin penalty :slightly_smiling_face:

@ShubhS9 - Any updates on this?

Will check and get back to you on this.