Hi, I am completely new to this so let me apologize if the question is silly.
I am trying to make the following trade.
USDINR MAR 68.50 CE
- PRICE
₹0.11
- TRIGGER PRICE
₹0.07
- QUANTITY
1000
- ORDER TYPE
SL
- PRODUCT / VALIDITY
NRML /
STATUS
REJECTED
STATUS MESSAGE
RMS:Margin Exceeds,Required:110000.00, Available:8968.95 for entity across exchange across segment across product
So why is the margin required 1000 times the cost of the trade which is (11p x 1000 = 110 Rs)?