I think we all should sign this petition to continue with the existing system of intraday leverages that brokers offer.
ive signed this . thanks for the initiative
Absolutely correct !!!
Signed. Their approach is wrong, they should identify brokers who are giving very high leverage without assessing the risk & then penalize such brokers.
These are valid points and in line with what we have been asking. Allow brokers to have the flexibility to lend for intraday as long as it is with their own capital. The point made about shouldn’t margin reduce if there is a stoploss like how it reduces if you have positions that hedge each other is also valid, but the issue is that the exchange systems (around the world) aren’t sophisticated enough to figure if another being placed is a stop to an existing position or not. If it was let on brokers to decide if it is a stop or not, then it would work, but can again be potentially misused by brokers, so the above point of brokers not being able to lend money which is not theirs comes into play.
@nithin you have lots of followers on Twitter. Please share this link on Twitter, it would help to reach wider audience
This petition needs to be shared more. It hasn’t received even 2k signs yet.
What’s the plan ahead? How does this get to SEBI after receiving enough signatures? Already signed btw
think everyone would have to spam SEBI’s email with the same subject or if there’s any alternate way to get this through to them directly