Why does Zerodha RMS Auto Square off Equity MIS orders only 10 minutes before market closing time, however does the same for Commodity MIS orders for whooping 25 minutes before market closure? Why not maintain same 10 minutes gap for commodity orders?
I think if you consider the duration for which the Equity and Commodity markets trade, then the ratio of auto square off time with respect to market close will almost be the same.
The Equity markets trade for 6hrs 15mins and the intraday auto square off time is 10mins before the market closes. The Commodity markets trade to 13hrs 30mins and intraday auto square off time is 25mins before the market closes.