Why is my MTF position still showing after I closed it?

Why is my MTF position still showing after I closed it?

In most cases, an MTF position is removed once it is closed. However, if you close the MTF position and buy the same stock in CNC on the same day, the transaction may be treated as an intraday adjustment during settlement.

As a result, the original MTF position may continue to appear and get carried forward.

How it works

  • The client holds a stock under the MTF product type.
  • The client closes that MTF position.
  • On the same day, the client buys the same stock again using CNC.
  • Since there is a buy and sell transaction in the same security on the same day, the transaction is treated as an intraday trade during settlement.
  • Because of this settlement treatment, the existing open position under MTF is carried forward instead of getting cleared.

Example

A client holds 100 shares of XYZ in MTF. The client closes the MTF position and buys 100 shares of XYZ again in CNC on the same day.

Since the same stock has both a buy and a sell transaction on the same day, it is treated as an intraday trade during settlement. As a result, the open MTF position continues to show and gets carried forward.

What If...

ScenarioWhat happens
The MTF position is closed and the same stock is bought again in CNC on the same dayThe transaction may be treated as intraday during settlement, and the MTF position can get carried forward.
The MTF position is closed and the same stock is not bought again on the same dayThe MTF position is usually cleared normally.
The same quantity is bought and sold in the same stock on the same daySettlement may treat it as an intraday transaction.
The client expects the MTF position to disappear immediately after closureThe position may still continue to show if there is an offsetting same-day CNC buy in the same stock.

Last updated: 07 Apr 2026