Bracket order discontinuation (historical)

Mon, 11 May 2026 00:00:00 +0000

Overview

A bracket order (BO) was an advanced intraday order type offered by Zerodha and several other Indian brokers that combined three linked orders into a single instruction: an entry order, a stop-loss order, and a target order. The three-legged structure allowed a trader to define the entry price, the maximum loss (stop-loss), and the desired profit exit (target) in a single order placement, with the bracket structure ensuring that once any one of the three legs executed (stop-loss or target), the remaining leg was automatically cancelled.

Margin pledge mechanics on Zerodha

Mon, 11 May 2026 00:00:00 +0000

Overview

The margin pledge framework, introduced by SEBI through its September 2020 circular, fundamentally changed how retail and institutional clients use securities as collateral for futures and options (F&O) trading in India. On Zerodha, margin pledging allows a client to pledge eligible equity holdings held in their demat account as collateral margin, reducing or eliminating the need to transfer cash to meet F&O margin requirements.

Before the 2020 framework, brokers commonly handled securities-as-margin by transferring client shares to pool accounts or directly to the clearing corporation. The new pledge mechanism keeps securities in the client’s demat account while creating a formal charge over them through the CDSL or NSDL depository infrastructure. This distinction protects client ownership rights and reduces systemic risk arising from broker commingling of client assets.

SEBI Margin on WebNotes

Bracket order discontinuation (historical)

Overview

Margin pledge mechanics on Zerodha

Overview