Day Trading Stocks & Futures

soft_trader

Well-Known Member
The next week is going to be what we can surely call an edge-of-the-seat week. With election results to be declared on 23rd May, the markets seem to be in a mood of their own :)

Hence, we will be applying certain leverage restrictions on your Upstox account from the period of May 17th – 24th, 2019. Please read the entire email carefully.


From May 17th – May 24th, 2019
Carry Forward (Delivery) margins for F&O will be increased to:
- 1.1x for Index Derivatives of applicable exchange margins
- 1.3x for Stock Derivatives of applicable exchange margins



From May 20th – May 24th, 2019

  • MTM square-off percentage will be revised to 70% instead of the current 80% for all clients
  • Cover Order (CO) and Bracket Order (BO) for Options (F&O and Currency) will be disabled
  • Order type ‘Market’ will be disabled for stock options under all product types.
  • Carry Forward (Delivery) Margins for Currency Derivatives will be increased to 1.2x of applicable exchange margins for all contracts (F&O)
Between May 20th – May 22nd, 2019 (Applicable for Cash Segment)

Intraday products (MIS/CO/OCO) will be allowed on basket of F&O underlying stocks only. The applicable leverages would be;

- MIS (Intraday) - 5X for all Clients

CO and BO will be:

- 10x for Priority clients

- 8x for all other clients


On May 23rd and May 24th, 2019
All the leveraged products (Intraday/CO/OCO) will be disabled. Leverages restoration on Friday will be as per market behaviour, at the discretion of the Risk management team.
Other brokers may also follow suit. My guess is that exchange itself will increase SPAN margin, and now if brokers increase that margin by 10-30% then the increase will be substantial.
 

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