This is in continuation to Exchange Notice no. 20240527-60 dated 27 May 2024 and 20190208-47 dated February 08, 2019, regarding Enhancement of Dynamic Price Bands for scrips in the Derivatives segment.
Exchange hereby notifies the below update for relaxing the dynamic price bands (highlighted in bold):
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Existing criteria
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A minimum of 25 trades must be executed with 5 different UCCs on each side of the trade at or above 9.90 % or more of the base price.
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Revised criteria
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A minimum of 50 trades must be executed with 10 different UCCs and 3 unique trading members on each side of the trade at or above 9.90 % or more of the base price.
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Please note all other details as mentioned in aforementioned circular shall remain unchanged.
The above shall be effective in Live from June 03, 2024 and shall be available for testing in mock being conducted on June 01, 2024.
In case of any clarifications, members may write to us at bse.surv@bseindia.com
For & On behalf of BSE Ltd.
Yogendra Daxini Saji SunilKumar
Deputy General Manager Assistant General Manager
Surveillance Surveillance
May 31, 2024 |