Trading in dynamic markets often demands quick decisions, especially for traders active in Futures, Options (selling), and intraday strategies. Managing pledged holdings has been a crucial part of such strategies, providing essential margins. With our latest update to the Pledge feature, you can now sell pledged holdings instantly, without waiting for an unpledge confirmation.
This enhancement is tailored to make trading quicker, more efficient, and seamless, empowering active traders to stay ahead in the game.
Key Features of the Update
1. Instant Selling of Pledged Holdings
Traditionally, selling pledged shares required a one-day waiting period for unpledge confirmation. Now, pledged holdings can be sold immediately, enabling you to respond swiftly to market changes without disrupting your trading flow.
2. Flexibility for Non-POA Clients
For Non-POA clients who rely on manual authorization, pledged holdings now appear directly in the authorization window. Once authorized, these shares can be sold without additional delays.
3. Buyback Convenience
If you buy back sold pledged shares, the unpledge request will not be triggered. This ensures smoother handling of your holdings and avoids unnecessary procedural interruptions.
Advanced Handling for Pledge Requests
This update introduces enhanced functionality to manage pending pledge requests:
Auto-Cancellation of Requests: Selling pledged shares automatically cancels any ongoing pledge requests.
Unchanged Processing for Buybacks: If you repurchase sold quantities, the original pledge request continues without disruption.
This ensures greater flexibility for traders, especially in high-volatility scenarios.
Who Benefits From This Update?
This update primarily benefits traders engaged in:
Futures and Options (F&O) Selling: Selling pledged holdings releases margins instantly, allowing you to adjust positions or capitalize on opportunities without delays.
Intraday Trading: By unlocking margins quickly, intraday traders can deploy funds more effectively for high-frequency trades.
Example: If you’ve pledged shares worth ₹10,00,000 to trade in options, selling a portion of your holdings allows immediate margin release, giving you flexibility to adjust your positions or take new trades.
Benefits for Traders
1. Faster Execution in Volatile Markets
By eliminating the unpledge step, traders can act quickly on opportunities or mitigate risks during market fluctuations.
Example: Suppose a pledged stock in your portfolio sees a sudden price surge. With instant selling, you can quickly take advantage of the rise without waiting for the unpledge process.
2. Immediate Margin Release
When you sell pledged shares, up to 100% of the associated margin is released the same day and adjusted against open positions. This feature is a game-changer for managing liquidity during active trading.
Enhanced Tracking and Portal Updates
“Sold Pledge Qty” Column: A newly introduced column helps you track sold pledged shares.
Renaming for Clarity: The “Processed Qty” column is now renamed to “Pledged Qty” for better understanding.
These updates improve transparency and make the pledge portal more intuitive.
How to Access the Update
POA Clients: Place sell orders directly for pledged holdings.
Non-POA Clients: Authorize pledged shares in the authorization window and proceed to place sell orders.
Ensure your app is updated to the latest version to enjoy this feature without interruption.
What This Means for You
For traders active in Futures, Options, and intraday markets, this feature offers unmatched flexibility and control. By enabling instant selling of pledged holdings, we ensure your trading strategies remain agile and efficient in any market condition.
Get Started Today
Visit pledge.fyers.in to explore this update. Update your app, experience the new features, and trade smarter and faster.
Happy Trading!