Zerodha Commodities Private Limited

Commodities
1

This article is a notice from the National Stock Exchange (NSE) of India Ltd. It informs the public that Zerodha Commodities Private Limited, a trading member of the NSE, has requested to surrender its trading membership of the Exchange.

Key points from the notice:

  1. Trading Member: Zerodha Commodities Private Limited
  2. SEBI Registration Number: INZ000038238
  3. Last Date for Filing Complaints: July 31, 2024

The notice advises constituents of Zerodha Commodities Private Limited to file any complaints against the trading member by the specified date (July 31, 2024). Complaints should be lodged immediately, and no complaints will be entertained after this date, implying that any such complaints will be deemed waived.

Complaints can be filed online at the NSE’s official website or by downloading and submitting a complaint form. The handling of these complaints will be in accordance with the NSE’s rules, bye-laws, and regulations.

Location and Date of Notice:

  • Place: Chennai
  • Date: July 16, 2024

The notice is signed by an Associated Vice President of the NSE.

2

Is this part of the efforts to support a combined ledger for equity and commodities?

i.e. instead of a separate entity for commodites,
a single entity is now registered to support both equity and commodities?

3

Hey,

There’s nothing to panic!

Back in 2012, a trading member could not offer Equity and Commodity business through the same entity. This is why equity trading was offered by Zerodha Broking and commodity broking was offered by Zerodha Commodities Private Limited.

Sometime in 2016-17, SEBI allowed unification of stock broking and commodity broking. This meant that the same entity could offer both equity broking and commodity broking and clients could use the same funds to trade both segments.

We needed sometime to offer this facility to investors, and in the meantime NSE also started offering trading in the Commodity segment. Since we wanted to offer trading in NSE Commodities, we obtained a membership for Zerodha Commodities Private Limited in the NSE Commodity segment.

Since then, we’ve started offering single ledger facility to investors, which meant that clients could trade NSE Commodities also through Zerodha Broking Limited. After this, it did not make sense to retain NSE commodity membership under Zerodha Commodities and as such we’re surrendering our membership with NSE for the NSE Commodity segment.

Usually such notices are not published for segmental surrendering of membership, but since Zerodha Commodities only had one segment enabled with NSE (NSE Commodities), surrendering the segment also meant surrendering the membership at NSE, and hence the public notice.

Today, all accounts that are opened are opened via Zerodha Broking Limited, where clients can trade both Equity & Commodity segments.

9 Likes
4

Hi need some clarifications
1.If both ledger are in same can we take traders from pledged margin for MCX

  1. Is NSE Commodity working, can’t able to place order, shows nil .
5

No, not at the moment.

Yes, you can. What error are you getting?

6

No option chaina and No buyers and sellers found eveything shows zero and for nse commodity can we use pledged margin ?

7

I cannot guarantee liquidity :slight_smile: please trade at your own risk. You can track the active contracts here: https://www.nseindia.com/market-data/commodity-derivatives

Pledge is only for Equity F&O at the moment.

8

The funds will still be segregated? For example, if I want to use funds in equity segment to trade commodities, Will I have to first transfer them to commodities segment and then trade as is tge furrent oractice or will I be able to trade commodities directly with funds in equities segment?

9

You can trade both Equity and Commodity directly with the funds in Equity a/c if you have enabled the single ledger facility.