What Happens If I Don’t Square Off My Intraday F&O, Currency, or Commodity Positions Before Market Close?

What Happens If I Don’t Square Off My Intraday F&O, Currency, or Commodity Positions Before Market Close?

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 for open intraday positions across the following segments:

  • Equity
  • Futures & Options (F&O)
  • Currency Derivatives
  • Commodity Derivatives

The applicable auto square-off timings are:

SegmentApplicable Stocks / ContractsIntraday Square-Off Time
CAS EquityCash-market stocks with F&O contracts3:05 PM
Non-CAS EquityCash-market stocks without F&O contracts3:20 PM
Index and Stock F&OIndex and Stock Futures and Options3:25 PM*
Commodity DerivativesApplicable Commodity contracts11:20 PM or 11:45 PM

The intraday square-off time for Index and Stock F&O positions may be extended up to 3:30 PM, depending on market volume and operational requirements.

For complete information about Closing Auction Session (CAS), eligible stocks, supported order types, and the revised trading schedule, refer to the Closing Auction Session notice

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.

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 through 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...

ScenarioOutcome
I forget to exit an intraday F&O trade.Our RMS team will generally initiate auto square-off from 3:25 PM. The timing may be extended up to 3:30 PM depending on market volume and operational requirements.
I hold an intraday position in a non-CAS equity stock.FYERS will initiate automated square-off from 3:20 PM.
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.Contact our Call & Trade desk before the applicable square-off time to close your positions manually. If you encounter issues, reach out to our support team for 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 applicable square-off window. This helps you manage exits proactively and avoid margin penalties.