So lets say i bought 2400 quantity of Nifty 50 option, and the lot size for Nifty 50 is (50) , so when i fetch positions, i will get quantity as 48 and multiplier as 50, right? Is it mandatory to use multiplier to calculate profit and loss
I am asking this because i bought 100 quantities of Nifty 50 option but in response from positions got quantity as 100 and multiplier was 1, then how can multiplier be the lot size? Because the lot size was 50 when i bought the option
@RahulS The multiplier field is needed for currency and commodity F&O. For all NFO instruments, you'll see the multiplier as 1. For instance, USDINR 1 quantity on the exchange = 1000 units of USDINR. The multiplier comes in use here while calculating contract value, P&L, etc. The same is the case for commodity contracts where the trading unit and the price quote unit are different.
multipliermeans lot size of that particular contract. Go through the positions response attribute doc here.If possible can we have a call for it
For instance, USDINR 1 quantity on the exchange = 1000 units of USDINR. The multiplier comes in use here while calculating contract value, P&L, etc. The same is the case for commodity contracts where the trading unit and the price quote unit are different.