NSE notified regarding the Pre-Trade risk controls - Limit Price Protection for Index Futures Contracts

May 15, 2024 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe National Stock Exchange (NSE) on May 15, 2024, notified regarding the Pre-Trade risk controls – Limit Price Protection for Index Futures Contracts.

The parameters for computation of LLP range for all the Index Future Contacts have been revised as:-

• For FUTIDX - Reference Price is below Rs. 10000, Minimum Absolute Range shall be Rs. 200.

• For FUTIDX - Reference Price is above Rs. 10000, the percentage of Reference price shall be 2%.

This shall be effective in Live from June 03, 2024, and shall be available for testing in mock being conducted on June 01, 2024.

[Circular no. - 57/2024]

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