As per the Exchange Circular, 1st phase of Peak Margin Reporting shall be implemented from 1st December 2020. As per this circular, the highest margin utilized by the client during the day needs to be collected and reported. Impact of this new circular on traders This circular is important for intraday traders using margins higher […]
Central Government has simplified the collection of Stamp Duty process. A uniform Stamp Duty rate shall be charged across the states in stocks, derivatives, currencies and commodities. Collection shall be through Exchanges and Clearing Corporations. Earlier to this, the Stamp Duty was charged at the rate specified by your state government. We as broker used […]
Stock Market Holidays List 2020 BSE, NSE and NSE FNO Given below is the list of trading holidays for NSE, BSE and NSE FNO for the calendar year 2020. Sr.No. Holidays Date Day 1 Mahashivratri 21-Feb-20 Friday 2 Holi 10-Mar-20 Tuesday 3 Ram Navami 02-Apr-20 Thursday 4 Mahavir Jayanti 06-Apr-20 Monday 5 Good Friday 10-Apr-20 […]
As per the exchange’s guidelines, we as a broker, required to collect a Financial proof from all clients to trade in the Derivative segment (including Commodity Derivatives). Such Financial proofs are to be reviewed periodically as per Exchange guidelines. Any of the below documents will suffice as financial proof: Bank account statement for the last 6 […]
Commodity Exchanges in India are regulated by Forward Market Commission (FMC) under the guidance of the Ministry of Consumer Affairs, Food & Public Distribution.
Although there are 24 commodity exchanges in India.There are three national level commodity exchanges to trade in all permitted commodities. They are: 1) Multi Commodity Exchange of India Ltd, Mumbai (MCX) 2) National Commodity and Derivative Exchange, Mumbai (NCDEX) 3) National Multi Commodity Exchange of India Ltd, Ahmedabad (NMCE) Note: Trade Smart Online provides online […]