Does broker and or its trading terminal (Pi or Kite) performs any validation check to prevent user going long or short on banned security derivative contract in F&O?
Does broker (Pi or Kite) perform check to prevent user going long or short on banned security (F&O)?
The banned security contracts for the month from which the ban commences will already be blocked/deleted by the exchange so there wont be any contract to trade.
So you mean even if i try to go long or short then exchange shall reject right? and there wont be any fine?
say the contracts of a company are banned from F&O from next month, so then u can trade F&O of that company of this month, since it expires this month but there wont be any contract for next month.
How do I know which month (current or next) contract of same security is banned? E.g. Yesterday JINDALSTEL was banned but when checked today it is not banned. Could you please clarify with JINDALSTEL example itself? Thanks.
Zerodha as a broker doesn’t allow trading in banned securities of F&O due to OI limit. And it’s the responsibility of every broker to make sure that there is no OI addition in banned securities. For more details read here Tradingqna
Thanks Harshendra.