Margin issue for BO

ramatius · June 2019

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 · June 2019

We haven't changed anything from our end.

themohammedfaisal · June 2019

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

ramatius · June 2019

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

sujith · June 2019

You can check out this thread.

ramatius · June 2019

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 · June 2019

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

ramatius · June 2019

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?

Howdy, Stranger!

Categories

In this Discussion

Margin issue for BO