Got it, thanks
any progress on this ?
Yes, we are very close to release it out for beta soon.
Any progress on this? I mean itās been an unending wait for years with the same generic reply. Things brightened up when beta release was supposed to be rolled out 2 months ago, but again weāre back to the same generic response of ācanāt give a clear timeframeā on twitter.
So is there any concrete plan on beta release which ought to have happened by now? Or are we going to be treated with the āin a few days / weeks / monthsā kind of stonewalling?
Internal beta is on; this is a snapshot of a sample ledger for trades carried out. Weāll announce an external beta before making it available to all users.
MIIs have been working on a project of file standardization for stock brokers & DPs. There was a lot of back and forth before depositories pushed a hard deadline for DPs to implement these formats. Since these processes are so intertwined, the external beta got delayed.
I donāt understand why ppl are pushing Zerodha so hard to release MTF, and keep on chasing for it.
If they are taking time to do their testing and required compliances, to ensure seamless experience for their clients when it will go live, I think that is in the traderās best interest only. If there will be glitches later on, the same ppl will come back and start accusing.
Also, I think traders should focus only on profits rather than their preference for platforms, there are so many brokers providing MTF that everyone can use.
MTF does not require fancy features to trade, and technical analysis can be done free of cost on many applications.
Itās not pushing zerodha hard for MTF, itās seeking clarity on the subject. If youāve been following this space, zerodha has been promising to launch MTF āsoonā for several years now.
Itās absolutely fine if zerodha comes out and says that they have no plans for introducing MTF, then everyone can make their own informed choice on whether to migrate to another platform that offers MTF.
The only ask is that zerodha be clear and consistent in communication of their plans, whatever their plans are.
Thatās great news! Hope external beta is also launched soon
Great to see progress on the MTF front. I have just opened a new account with Zerodha just for this and in process to transfer all my family accounts.
One feedback to team Zerodha, @VenuMadhav @nithin is also to consider the margins from the pledge of MFs and Equities towards MTF position. Mostly my style is swing trading ONLY when we spot opportunities, maybe 2-3 times a month.
F&O trading against pledge margins is risky as I canāt control my position sizing and risk management, but MTF trading against pledge margins (MF, Stocks) I can control my position sizing and risk management. Thanks!
Initially we may not able to but once everything is sorted we will evaluate this, so can take sometime.
@siva Thanks for the clarification. Just to be clear, MF & Equities margins from both these pledges needs to be considered. MFs are even safer for margins due to low volatility.
If I may ask, after the launch of MTF, when would this evaluation happen? Like after 6 months or so or more than that? Like allowing pledge margins too.
I canāt give you any timeline for this. Will update for any new developments.
Zerodha offering MTF and later on MTF against MF and stock pledge. What else do we need. Besides everybody loves a simple functional UI. @Champion_Trader
Hi @siva , @Arockiya_Raja ,please consider the following MTF features suggestions :
- Enable GTT for MTF Orders also
- MTF pledge link inside KITE like we have for Tpin incase we sell our holdings
- Holdings Pledge Link in kite( Like console)
@VenuMadhav @siva I really hope when the MTF facility is launched, weāll be able to execute orders for the same as well as place GTT orders via Kite API.
Is it mandatory to close MTF positions before monthly/Quarterly payout?