At FYERS, if you don’t manually close your intraday F&O, currency, or commodity positions before the market closes, our Risk Management System (RMS) will automatically take necessary steps to manage overnight exposure and safeguard your account from additional risk. Understanding how this works helps you avoid unwanted carry-forwards or forced liquidations.
Auto Square-off by FYERS RMS
Our RMS team initiates the auto square-off process approximately 15 minutes before market close for all open intraday positions across the following segments:
- Equity
- Futures & Options (F&O)
- Currency Derivatives
- Commodity Derivatives
Typical square-off start times:
- Equity & F&O: From 3:15 PM onwards
- Currency & Commodity: Timings vary by exchange segment
Square-off Timing Flexibility
At FYERS, we continuously monitor market volatility, liquidity, and exposure levels. Our RMS team may adjust square-off timings depending on live market conditions to ensure controlled risk management. We strongly advise not to wait until the last few minutes to close intraday positions manually.
If Positions Aren’t Squared Off
If your intraday positions remain open at the end of the trading session, we will process them as follows:
- Equity intraday positions: Converted to CNC (Cash and Carry) delivery mode.
- F&O, Currency, or Commodity positions: Converted to carry-forward margin positions, subject to applicable margin requirements.
Responsibility for Carry-forward Risk
Once positions are carried forward, maintaining adequate margin becomes your responsibility. If there’s a margin shortfall:
- Our RMS team will notify you via margin shortfall alerts.
- If funds are not added promptly, our RMS team may square off your positions without prior notice to protect against risk exposure.
For complete details, refer to FYERS’ official margin policy.
What If...
| Scenario | Outcome |
|---|
| I forget to exit an intraday F&O trade | Our RMS team will attempt to automatically square off your position before market close. |
| The stock or contract hits its upper or lower circuit limit | If a stock or contract is frozen at its circuit limit, new trades aren’t permitted, and our RMS team cannot square it off. The position will remain open and be carried forward as a margin trade, requiring adequate funds to hold it overnight. |
| I don’t have enough funds for the carried position | Our RMS team may liquidate your position the next trading day without prior notice if the margin shortfall persists. |
| I lose internet access during the square-off window | You can contact our Call & Trade desk before 3:15 PM to manually close your positions. If you encounter issues, please reach out to our support team for immediate assistance. |
Important: At FYERS, our RMS team may square off or close positions without prior notice if margin requirements are not met after carry-forward. Always monitor your available balance and margin status to prevent auto-liquidation.
Tip: Set position alerts on the FYERS platform to remind you before the square-off window. This helps you manage exits proactively and avoid margin penalties.
Last updated: 03 Nov 2025
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