FYERS

[Tejas Khoday]

I noticed something similar as well. There's something wrong with their accounting system or backoffice process. When I brought it to their attention, I didn't get a satisfactory resolution or timely response. Small numerical mistakes or glitches in the system, if left unattended, run the risk of turning into bigger errors & messes that are harder to fix. This whole business runs on numbers. It's lack of attention like this that's preventing me from moving my trading to Fyers.

We will not overlook this. Kindly send an email to [email protected] with your detailed query/problem. I'll ask a senior to help you figure it out. So far, we haven't faced any accountancy issues.

 

[Tejas Khoday]

@Tejas Khoday Didn't receive contract note for yesterday till now
Update- Mailed to support got from them today
Quick response

@Contra
Miscalculated numbers are bigger which need to be fix asap

The contract notes and EOD emails were sent late on Monday & Tuesday due to a mailing service delay. We have sent all of them the next day. If you still haven't received it, let us know.

 

[Tejas Khoday]

I did NOT receive both yesterday and day before.
And did NOT receive either Margin statement or contract both.

Kindly re-check and confirm.

 

[Tejas Khoday]

Dear @Tejas Khoday
There is no option available for placing SL in Fyers mobile application. But it is a must for all trader.
Please look into it and if there is any other option available to place SL kindly explain.
Thanks in advance.

Sent from my M5_lite using Tapatalk

Hi, I have explained this before. To place a stop loss order on the mobile, you have to the following:

1. Enter a trigger price.
2. Select Limit & enter a limit price for SL-L OR Select Market for SL-M.

 

[afin]

Can we expect that trading in the commodities can open sometime soon? Looking fwd to it!

 

[Tejas Khoday]

@afin

Yes, we are shooting for 2 weeks! We were supposed to have a demo with the MCX tech department but that got pushed by a week. Other than that, everything is mostly ready. We are on the edge of our seats too.

 

[D.Hatkar]

@afin

Yes, we are shooting for 2 weeks! We were supposed to have a demo with the MCX tech department but that got pushed by a week. Other than that, everything is mostly ready. We are on the edge of our seats too.

Fantastic! So happy to hear that. Eagerly waiting for MCX.

 

[AK78]

tejas ji pls check private msg i send u 2 msg but u not reply

 

[Tejas Khoday]

Update on the macro environment of the stock exchanges (July 2018): We have been in continuous interactions with the top officials of both, NSE and BSE. The stock exchanges are evolving very fast and it's good for everyone. We were happy to know that NSE is encouraging algo trading and have been working on upgrading their own technology significantly. Everyone will experience the benefits of their efforts in the future. Generally, monopolies don't evolve until there is a threat to their survival. This is certainly not the case with NSE. I feel confident that the top brass of the National Stock Exchange is steering the ship in a way that it can cope with the challenges of the next decade. One example is their recent launch of the cross-currency derivatives contracts. (We felt they announced this is a hurry before brokers like us could implement the necessary tweaks in our platform) but they have a good vision. In the back-end, settlement mechanism being worked out for these contracts is unique and based in rupees based on RBI reference rate. We will be launching this soon.

Yesterday, I met with the Chairman, Managing Director and Head of Business Operations of BSE. While most people in India had written off BSE as redundant, few are aware that they have reinvented themselves in many ways and have done their best to shake out the legacy issues that held them back in the past. Their initiatives are futuristic and I'm told that the management is independent which has allowed them to propel their plans into reality. Apart from the derivatives segment, they are leaders in several other business verticals such as the SME platform, currency derivatives etc. When we first started our business, we were apprehensive about taking up a BSE membership. But after my meeting with BSE officials, we are enthusiastic to get a BSE license in the near future. In fact, I have even signed a letter of intent to get a membership of their upcoming commodity derivatives segment which is expected to start in October 2018.

I will reach out to you all for feedback about specific things in the near future. If need be, I will even forward your feedback to the stock exchange directly to help get your issues/requirements resolved at the earliest. They are open to a feedback driven mechanism and it is surprising how positive they are about fin-tech brokers like us. I had a few minutes at hand so I felt like sharing this with you'll.

Hope you find this useful.

Happy Trading!

 

[Tejas Khoday]

tejas ji pls check private msg i send u 2 msg but u not reply

Hey, I have replied in a new private message just now. The messages you sent me were closed off for replies for some unkown reason.