This is with reference to Exchange circular no. 20240405-40 dated April 05, 2024 and 20240415-40 dated April 15, 2024 related to Pre-Trade Risk Control – Limit Price Protection in Equity Derivatives Segment.
As informed in circular no. 20240415-40 dated April 15, 2024, the proposed enhancement shall be made live from Tuesday, April 23, 2024 onwards. Further, the Price Reasonability Check (PRC) will cease to operate from the said date.
Additionally, in partial modification to circular no. 20240405-40 dated April 05, 2024, LPP range for a contract shall be flexed automatically in the corresponding direction, only if;
- A minimum of 5 orders are rejected on account of LPP validation, within 30 second intervals, AND
- Such rejected orders involve a minimum of 2 trading members and minimum of 3 unique PAN IDs.
In case of any queries, members may kindly get in touch with us as per following contact details –
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Queries
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Email ID
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Telephone No.
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Functional queries
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iml.info@bseindia.com
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022-2272 8705/ 8885
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Technical queries
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bse.tech@bseindia.com
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022-2272 8053
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For & On Behalf of BSE Ltd.,
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Arvindkumar Iyengar
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Vivek Garg
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Chief General Manager
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Chief General Manager
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I.T. Development
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Trading Development
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April 20, 2024 |