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| NOTICES |
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| Notice No. |
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20240729-42 |
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Notice Date |
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29 Jul 2024 |
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| Category |
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Trading |
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Segment |
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Derivatives |
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| Subject |
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Pre-Trade Risk Control – Limit Price Protection in Equity Derivatives Segment - Update |
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| Content |
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In partial modification to Exchange circular no. 20240405-40, dated April 5, 2024 regarding implementation of Limit Price Protection (LPP) Mechanism, trading members are requested to note the following revised parameters -
LPP range for a contract shall be flexed automatically in the corresponding direction only if -
- A minimum of 10 orders are rejected on account of LPP validation, within 30 second intervals, AND
- Such rejected orders involve a minimum of 3 trading members and minimum of 5 unique UCCs.
These revised parameters shall be applicable with effect from tomorrow, July 30, 2024 onwards.
For & On Behalf of BSE Ltd,
Arvindkumar Iyengar Ketan Jantre
CGM- Information Technology Head -Trading Operations
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