Margin issue for BO

ramatius

Hi,
Today the margins consumed for CM BO are 3 times the expected figures.

symbol : qty : expected : consumed
POWERGRID : 210 : 3500 : 9946
YESBANK : 154 : 3500 : 9946
IBULHSGFIN : 17 : 3500 : 9946
SUNPHARMA : 45 : 3500 : 9946

This was working fine till yesterday.

Has there been a policy change on these margins?

The Zerodha onlline margin calculator is showing the 3500 figures. Phone support person says there has been no change in BO margins.

Pls clarify.

Regards,
Ramakrishnan S
quantindia.in

sujith

We haven't changed anything from our end.

themohammedfaisal

@ramatius,
Can you check your stop-loss price? The margin requirement increases if the stop-loss is far away from the LTP.

ramatius

Thanks @themohammedfaisal . Will check that. How far from LTP? Is this change documented somewhere?

sujith

You can check out this thread.

ramatius

Thanks @sujith . I followed that thread to this - https://kite.trade/forum/discussion/2183/margin-calculation-for-bracket-and-cover-order?new=1

Hope the logic remains the same now as well.

sujith

We haven't changed any margin logic. I am not sure why you are facing the issue lately.

ramatius

Neither the algos were changed recently. They've been running for months now without any code change. Perhaps this "exchange interoperability" has got something to do with it?