Can I choose not to square off a FuturePLUS position on the same trading day?
FuturePLUS is an intraday product wherein any position taken needs to be squared off on the same trading day or Convert to Future (CTF) till the end of the day by the customer itself. If customer doesn’t place square off or does CTF for his position by the end of the day before the stipulated time, then following possibilities may arise, viz: 1) The system may run Auto Square off process which will automatically square off the open FuturePLUS position at the end of the day between 2:45 pm to 3:15 pm or on best effort basis,. OR 2) The FuturePLUS position may be compulsorily converted to future position by the system at the end of the day.
Related Questions
- How can I square off an open position which is part of spread position when I do not have enough trading limits to place a cover order?
- Is it compulsory to square off the open FuturePLUS position within the same trading day?
- Can I choose not to square off a FuturePLUS position on the same trading day?
