Atleast open up futures segment for cross currencies. The market that was trading INR cross will definately come here. Otherwise we all know the volumes will eventually go to dabba trading in India.
yes, how about 9 to 9 intraday trading atleast? there’s no need for rbi intervention in intraday speculation.
Even if RBI allows this, I dont see the volumes picking up. Even Retail ppl with reasonably high capital avoid intraday trading!
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Still no ans from sebi , nse, zerodha
- When on jan 5 RBI has made clear that 5 april rule why was no communication from zerodha to trader regarding this we have taken new position after jan 5 .
2 RBI dont send circular to traders
And as trader we dont follow every circular from RBI .
3 putting blame on trader for miscommunication from rbi and zerodha ??
Please see our story out today:
Grateful for any feedback.
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Hi Rahul,
Stockbrokers could not have decided the interpretation of the RBI circular in an isolated silo. Since we are directly regulated by the stock exchanges & SEBI, whenever there are developments in the policy landscape, we need the stance taken in the capital market circulars issued. A lot of confusion could have been avoided industry-wide if the ramifications were considered timely.
But this is easier to speak of in hindsight, especially considering the ramifications of taking the incorrect stance when it comes to policy and regulations.
Thanks for writing the article
Zerodha Broking Ltd. warned its clients to close open positions
Statements from Zerodha and lot of brokers were that they would forcefully close positions on 4th April. There is a difference in warning and what they threatened to do initially. This may have contributed to panic and more volatality
The screenshots of Upstox, Dhan and Zerodha are available in this thread.
HI Venu,
WHT ABOUT TRADING IN F&O DERIVATIVES? ANY REGULATOR RISKS HERE?
IF ANY REGULATIONS WILL THEY BE GIVEN SUFFICIENT TIME?
WHAT HAPPENS TO PREMIUMS WHEN REGULATOR SAYS ONLY SQUAREOFF NO FRESH POSITIONS? IMAGINE I HOLD PUT AND CALL WILL BOTH PREMIUMS FALL AND CONSIDERING BANKNIFTY LIKE SCENARIO WILL THERE BE ISSUE IN LIQUIDITY IN THAT CASE
You have to give a declaration that you have exposure in Jane street.
too complicated, cant register just to read the article thats the prob with most websites they either need you to register or pay to view articles.
Now that the extension given by RBI is till 3 May what do you think RBI may come up with?