Tejas Khoday

Co-Founder & CEO, FYERS
Latest Notice: Revision in Delivery & Settlement procedure for MCX contracts

Please note that commodities traders will be required to square-off their positions 5 days before the expiry of the contracts going forward. You can roll-over your positions to the next month contracts if you wish to stay in the trade. I encourage you to read the circulars attached in the notice to get a perspective and why we have implemented this policy.

Happy Trading!
 

bashasm

Well-Known Member
Latest Notice: Revision in Delivery & Settlement procedure for MCX contracts

Please note that commodities traders will be required to square-off their positions 5 days before the expiry of the contracts going forward. You can roll-over your positions to the next month contracts if you wish to stay in the trade. I encourage you to read the circulars attached in the notice to get a perspective and why we have implemented this policy.

Happy Trading!
Sir, will this affect the day traders?
 

bashasm

Well-Known Member
No, it will not affect day traders. Except that you will not be allowed to initiate fresh positions during the tender period. You will have to start trading the next month contracts. That's the only difference if you're a day trader.
If the user tries to trade, will they get popup error or some message saying this cant be traded from your terminal