Hi I would like to place some 100 quantity of crudeoilm in options. Since for big quantity I think we need to use Iceberg orders Should i go with it ? Here in crude oil 1lot means 1 quantity only. I am afraid i will hit the freeze limit some where if i continue to place non iceberg orders. Please suggest the conditions for using iceberg order in mcx exchange ....
Currently, Iceberg orders are supported only for the following segments: NSE Equity, NFO (NSE F&O), CDS (NSE Currency), BSE Equity, and BFO (BSE F&O). Please note that Iceberg orders are not yet available for MCX and BCD segments. You can refer to this support article for detailed information on Iceberg order functionality.
If you wish to place Iceberg orders via the Kite Connect API, please review the Iceberg input parameters documentation here and refer to the provided code sample for implementation guidance.
As per current contract specifications, each lot represents 100 barrels. Based on the latest available MCX circulars, the freeze limit for Crude Oil contracts is typically 10,000 barrels (100 lots) per single order. So, you are allowed to place upto 100 lots in a single order.
Please note that Iceberg orders are not yet available for MCX and BCD segments. You can refer to this support article
for detailed information on Iceberg order functionality.
If you wish to place Iceberg orders via the Kite Connect API, please review the Iceberg input parameters documentation here and refer to the provided code sample for implementation guidance.
As per current contract specifications, each lot represents 100 barrels. Based on the latest available MCX circulars, the freeze limit for Crude Oil contracts is typically 10,000 barrels (100 lots) per single order. So, you are allowed to place upto 100 lots in a single order.