Is there a formula or API I can use to calculate the required margin for a Cover Order on NFO, CDS and MCX exchanges? I saw the margin calculator on your site, but I can't infer the formula from that tool, and I can't use that tool in my automated trading.
For Strike_price = 12000, price=1000, quantity=75 from the above formula one gets a value of Rs. 2,43,750 The same values entered in your formula calculator on your site gives Rs. 24,375 i.e. exactly one tenth the value. What am I missing here?
You can have look to this thread.
margin = (strike_price + price) * quantity * 0.25
For Strike_price = 12000, price=1000, quantity=75 from the above formula one gets a value of Rs. 2,43,750
The same values entered in your formula calculator on your site gives Rs. 24,375
i.e. exactly one tenth the value. What am I missing here?