Hey Someone can please explain me what is all this ORBIS FINANCIAL MIGRATION people are talking about.?
Only thing that I read is that you can use Zerodha even after migrating for F&O. Some Payment & settlement process will change I think. and something was about OI.
But Why are People Migrating ? Is it Mandatory ? I also have to do that ?
Since Zerodha hits exchange prescribed OI limits, we have to restrict the Strikes allowed for trading Nifty and Bank Nifty options.
Orbis Financial is a custodian and is alternative solution for those people who want to trade in all Nifty and Bank Nifty strikes without any restrictions.
No, it is not mandatory.
Hey, Thanks for the prompt reply and clearing the doubts.
Hi Team,
How Orbis account operates for FNO stock physical delievry. Is there any restrictions? Please clarify.
Does Zerodha reach limit in Future contract ?
Not in Futures.
Does Zerodha reach its limit in any future contract ?
Can you explain what is this all about ?
Already answered above.
Orbis?
Orbis is a custodian and is alternative solution for those clients who want to trade in all Nifty and Bank Nifty strikes without any restrictions. You can learn more here.
I thought you answered only for Nifty future.
No. I mean this limit on future and Options.
Options hit OI limits because they are popular trading instruments, especially Nifty and Bank Nifty Options, also compared to Futures and Shorting Options which requires SPAN + Exposure margin which is around 150k, buying Options doesn’t require margin only amount equal to Premium * Lot Size upfront.