MCX issue - Orders cancelled and new orders cannot be placed

Commodities
1

My pending orders got cancelled and i am unable to make a new trade. Error showing member is in risk reduction mode. But why to cancel order which was there for squaring off my position and how long will it take to get normal

2

and this exchange’s stock keeps going up everyday, one day metals fall 20% and they have technical errors, circuit limit , pathetic

2 Likes
3

not only one day, i have experienced this around 3-4 times in this single january month only

4

The margin requirements suddenly increased an hour ago. Is it by zerodha risk team or something directly by Mcx?

5

Margins are increased from the exchange based on Volatility.

2 Likes
6

Thank you. It will be good if you can update the new margin rates, and also what rates will be applicable for the budget session.

Also, mcx is too slow in updating the circuits, especially for options. Hardly possible to change positions in today’s final hour of trading.

7

Hi @Ragavendran_M ,

Is there anywhere the MCX circular on the new margin rates of precious metals, both SPAN and exposure?

Also, was it just for Friday evening or will it be required for Sunday as well.

Please inform, so people can prepare if possible.

8

Exchange will provide the margin percentage here. Margin will be increased for Sunday also as there is too much volatility.