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We have made few important updates in our RMS policy. These aim to enhance our ability to proactively identify and mitigate potential risks, ensuring the safety and success of our clients. Read here to know about the modifications
[Posted @ 14:52 PM]
Recent Important Changes in RMS policy
We have been constantly upgrading our Risk Management System to ensure our clients get all opportunities to trade but with rich risk management parameters. With this in view, the following changes were made in the recent past to enhance your trading.
1) Increase in stocks available for Intraday trading.
Until recently, around 200 stocks were available for intraday trading. This has now increased from 200 to around 800 stocks. While some stocks get a leverage of 5 times other get a leverage of 2 times. Read here to know more
2) Fresh positions in stocks options contracts are blocked from 2 days before Expiry date
We observe that few carryover stock options positions change to In The Money due to market movement on the expiry day and are hard to square off before market closes, due to lack of counter party. To mitigate this risk, we a blocking fresh positions from Wednesday (if Thursday is the expiry) on Stock options. You may however, take positions in the second months options. For more details, Read here
3) 50% margin on Contract Value in all Stock long options
This is another step taken to mitigate the loss occurring when OTM, CTM contracts unexpectedly becomes ITM towards the close of the market. When such a scenario occurs, clients are forced to take or give delivery without having sufficient cash or stocks in demat account. This ends up in a huge loss which could be prevented if the options were squared off well in advance. To ensure that our clients do not get trapped in such scenarios, we impose a margin equal to 50% of the contract value on all Long Options on the Expiry Day. Though this may not be visible in the front end, it would be computed at the back end. Read here to know more
We trust that these efforts, taken from our end, empower traders to take all possible opportunity in the available in the market with tight risk management measures to ensure safe trading. For more details, kindly refer to our Support Portal or create a ticket from there.
[Posted @ 14:45 PM]
