Lot size incorrect for some symbols in Instrument List API

ishwarm

Hi,

The Lot Size is showing up incorrectly for some instruments like:

GOLD16AUGFUT showing lot size as 1 (instead of 100).
USDINR16JULFUT: showing lot size as 1 (instead of 1000).

While for others it is showing correctly like:

SILVER16SEPFUT showing lot size as 30.
CRUDEOIL16JULFUT showing lot size as 100.
NIFTY16JULFUT showing lot size as 75.

Could you please check this?
Thanks,
Ishwar.

Kailash

Hi @ishwarm For all commodity instruments, we use lot size as 1 and not weights (100, 30 etc.). This has now been corrected.

ishwarm

Hi @Kailash , Thanks for the fast response. Now, how can we get the weights for the Instruments? Can you arrange to pass this also as a separate column for the commodity instruments?

And how about for CDS segment? (USDINR16JULFUT in the example above)
Regards,
Ishwar.

Kailash

@ishwarm I'll see how we can pass weights. For commodities and currencies, we deal with lots as units (always 1). When you place orders, you have to send 1.

ishwarm

Yes, I understand that. The weights are required for some other calculations in the application. As an example, it is being used in slippage calculations. So, for a buy stop order, the Slippage Amount would be =
(average_price - trigger_price) x (Number of Lots) x (Weight for the instrument)

Hope this clarifies.

Kailash

@ishwarm Understood. We'll see how we can include this.

joy

The docs says

For currencies, the int32 price values should be divided by 10000 to obtain four decimal plaes.

For USDINR etc futures contracts, I have to further divide the quotes by 1000 to arrive at the correct values. Is it the missing multiplier values? Has it been included yet?

sujith

Hi @joy,
You are right, it should be 10000000. Thank you for pointing out, we will update documentation.

joy

@sujith Thanks for the clarification.