The National Stock Exchange (NSE) on May 24, 2024, notified regarding the Revision in the tick size of securities in the CM segment.
The following has been stated:
• It has introduced price-linked tick sizes in the Capital Market Segment (CM Segment). All securities (excluding Exchange Traded Funds) available in "EQ", "BE", "BZ", "BO", "RL", "AF" series (and their corresponding "BL" series as applicable) with security prices below Rs. 250 will have a tick size of Rs. 0.01 as against the current tick size Rs. 0.05. The tick size determined for securities in T+1 settlement will also be applicable for T+0 settlement (series TO).
• All price-related computations such as closing price, base price, common equilibrium price, settlement price, etc. will be aligned as per the applicable tick size of the security.
• The price band mechanism for the security will continue to be applicable as per the current method and the price determined as per the band will be aligned as per the tick size of the security.
• The Trading members may note that the applicable tick size for trading for a security will be available in the security files.
• Members are advised to load the updated security.gz/nnf_security.gz/NSE_CM_security_ddmmyyyy.csv.gz file in the trading application before trading on the effective date. These files can be obtained from the directory common/NTNEAT on the Extranet server.
• The security file (CM-MII-Security File (.gz)) is also downloaded on a daily basis on the NSE website on the below path: https://www.nseindia.com/all-reports.
This notification will come into force from June 10, 2024.
[Notification No NSE/CMTR/62174]
