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Change in the Intraday Leverage for next week on account of Election results


Posted on 17-May-2019 Comments  0

 Dear Client

The General Elections for Lok Sabha 2019, are in the last phase and the exit poll results will be announced on Sunday 19th May 2019.  The final elections results will be declared on Thursday 23rd May 2019 and we anticipate that the Markets may be volatile on next week i.e from 20th May 2019 to 24th May 2019. Hence we will be applying certain leverage restrictions on the intraday trading as proactive measures to control the volatility risk in the market.

Following are the risk management measures taken from Monday 20th May 2019 to Friday 24th May 2019,

  • Cover Order (CO) and Bracket Order (BO)  will be disabled
  •  Product MIS (Intraday)  will be reduced to – 5X
  • Equity Derivative margins (NRML) will be 1.2 x  of applicable exchange margins
  • MIS Equity, the scrip basket will be decided based on the volatility.

We further request you to fund your trading account from time-to-time to meet the required margin obligation and also to trade further in the market. Failure to do so, may result in squaring off the positions due to insufficient margin.

We request you kindly to take note of the above and in case of any query or clarifications, please contact our customer support desk 044-49427576, 044- 28214171 or Write to us at support@tradeplusonline.com

With Best Regards

Tradeplus Team.

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