@Tradingqna@nithin : I have few suggestions which might help all traders. Can you guide me what’s the best way to take it forward to the right authority channel in NSE?
Move Banknifty expiry to Wednesday : Expiry derive lot of volume and short term trading , moving Banknifty to Wednesday will reduce lot of volatility and reduces many other indirect risk.
Increase Strikes in USDINR options: Currently its .25 apart which is very far apart it . OIs are concentrated in 2-3 strikes only . Number of strikes should be atleast double or triple.
Minimum spread difference/price is very high in USDINR options: Currently spread difference is .0025 which is very large it should be .0005 which makes pricing accurate.
Increase or keep freeze quantity based upon premiums% to ATM or some logic: Currently , freeze quantity is very low which makes unnecessary brokerage charges to the customer. Its worst for OTMs as usually more than enough volumes are present to cover any risk. This should increase or be logical with strikes not blanket for all strikes.
Release the Margin of the open trades immediately once the contracts expire (not at EOD) : Let say i have sold option on expiry my margin gets blocked whole day even though contracts have expired. This should release immediately post expiry/market hours. USDINR expires at 12:30 pm but margin gets blocked whole day same with Nifty/Bankinfy margin should release at 3:30pm immediately same for USDINR margin should released at 12:30pm
Currently not possible due to our dependency on a vendor for our risk management system. But we are working on bringing the RMS in-house, and it should be possible then. But I can’t give you a timeline on this as it is probably one of the most complex things we are attempting till now.
About freeze quantity, I don’t think anything will change. Exchanges are trying hard to reduce freak trades and if freeze quantity is larger, the risk is larger.
Derivative trading in IT Index should be introduced similar to bank index banknifty.
USDINR option strikes should have a difference of 10p…means at every 10p there should be a new strike.
@nithin , Sir Zerodha is required to introduce Strangle and Straddle in orders…like we can buy or sell strangle or straddle in single click by filling strike in order box.
In position windows, it shows total profit and loss of our positions. It should show todays profit and loss, and total profit and loss.
This is slightly tricky, considering how margin requirements for option strategies are. A single click could potentially mean a strategy not going through due to short-margin requirements for placing individual orders. That is why we nudge users to use Basket orders for this where customers can build the strategy manually knowing well in each process how much is the margin required.
Thanks for reply.
Where and how i can see Days P&L?
It is not visible in positions tab.
or even in coin, my MF shows total portfolio value with P&L but not shows Days P&L.
@nithin Wouldnt it be very convenient if we get somebody to represent the exchange on this forum?
One more issue needs your attention. HDFC and HDFCbk are getting merged causing 87.77% weightage of Niftybank equating to FinNifty.
Just for 12.23% weightage, NSE will have to maintain FINNIFTY index, options. The index performance will be similar to Niftybank after the weightage causing redundancy & unwanted speculations on Tuesdays.
The exchanges and SEBI are unlikely to comment on public forums. But do keep sharing feedback with them. They usually have an internal mechanism to document every complaint and comment.
