Stock Option Brokers- Help!

srikanth_kandalam · #1 11th August 2007, 12:15 AM

I saw a similar post earlier- and I did do a search for prior posts. So Please bear with me.

My main concern is Speed. Of Course a known name would be good.

My initial choice was ICICI- but they really suck. Tried Share Khan- but they only allow Futures trading ( atleast by their website). India bulls does not even give details about Stock options.

IF there is an FAQ- I will really appreciate a link.

loosingstreak · #2 11th August 2007, 07:22 AM

What details are you looking for?

srikanth_kandalam · #3 11th August 2007, 08:23 AM

Quote:

Originally Posted by loosingstreak

What details are you looking for?

mainly Reliability and Charges and Trading platform.

Is there any hope of getting Implied volatility and Greeks for options!

loosingstreak · #4 11th August 2007, 08:33 AM

LOL , Reliability is a rarity, Charges would depend on how hard a bargain you drive, Speed is okay with the 2 you have mentioned above. You could check out religare also , no personal experience though.

As for the volatility, look here http://www.nse-india.com/content/fo/foquote.htm

Does that help.

You've got a b/s or hoadleys for the rest.

If you find a broker who provides the above do let us know.

loosingstreak · #5 11th August 2007, 08:38 AM

If that link above does not work , go to the fno quote link on the home page of nse.

srikanth_kandalam · #6 11th August 2007, 08:41 AM

I am most probably going with Angel Broking. IF they are not responsive perhaps I will be a cheap skate and try RK Global. IT seems the experiences are fairly personal!

There is a killing to be made in India- if someone can provide a serious option trading platform with reliable service. Maybe a project I can think of !

loosingstreak · #7 11th August 2007, 08:48 AM

I think nobodys interested due to the lack of liquidity in options, especially stocks. The regulators alone are responsible for that with their myopic views and attitude.

srikanth_kandalam · #8 11th August 2007, 09:08 AM

The big issue is some how Shorting stock is considered taboo in India ( well there is a lot of insider trading anyway!). For a Market Maker to hedge he needs to have this.

Why cant they have some market makers and assign them specific stocks and make them qoute bid-ask for atleast 3 Months! Let them make money- once competition increases and there is more awareness of how to really trade options- we have the Numbers in India in our favor ( and by default we guys do take risks!)

Pipe Dreams! I hope they do something.

loosingstreak · #9 11th August 2007, 01:26 PM

Very true, Shorting is considered anti national or unpatriotic. I wonder why.

A simple fact is that shorts support the market when it is going down and I don't know what it is going to take to make the regulators understand.

I hope good sense prevails sooner than later.

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