The National Stock Exchange (NSE) on May 15, 2024, issued an update regarding the Pre-Trade risk controls Validation of Stop Loss Limit Order entry for Index Futures Contracts.
This is in partial modification to item 1.15 of Exchange circular NSE/FAOP/61814 dated April 29, 2024, regarding Pre-trade risk controls on the Stop Loss Limit order entry validation mechanism, applicable to Index Futures contracts.
The following has been stated:
• The Members are requested to note the revised parameters (highlighted in bold) to arrive at the permissible limit as specified in the Table.
• The specified changes shall be effective in Live from June 03, 2024, and shall be available for testing in mock being conducted on June 01, 2024.
Kindly find the Table provided with this document attached to the document.
[Notification No NSE/FAOP/62044]
