Yesterday I was trading USDINR expiry. I sold 82.25 CE ib NSE and wanted to buy some hedge in bse where they have strikes at 10 paise intervals unlike NSE where they have strikes at 25 paise interval. Thus i wanted to buy 82.10 ce in bse butit was not allowed mentioning illiquid contract. Since TOTP is mandatory now, itshall be allowed. Also it is my choice to trade that and i should not be stopped specifically if it is to hedge my position. @nithin i hope that this is rectified.
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Hi @amitb
We are testing these newly introduce 0.10 strikes and would be allowed soon, will keep this thread updated.
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Didn’t understand why NSE has not started .10 strikes?
Any timeline for this being made available
Max by next week.
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Please update on this. Was needed badly today. Hopefully it is not to discourage trading in BSE
Volumes are very low in BSE, how do you manage to trade?
Does not matter if i use that to buy my hedges.
There are few internal changes required as per Interop since these contracts are unique to BSE currency, will update here once we are allowed.
Update: We are live on BCD 10paisa option strikes.
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Thanks for the update.
Is it possible to short the NSE and long the BSE, and vice versa? or should the hedge come from the same exchange?
You can do any hedge strategy but the margin benefit is passed on within the particular exchange segment i.e., BCD to BCD (BSE currency) and CDS to CDS (NSE currency).
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