The National Stock Exchange of India (NSE) on May 30, 2024, issued an Update on the Market Parameters for Operating ranges applicable to Futures contracts.
The following has been stated namely: -
• The dynamic price bands have been relaxed namely: -
o Existing Criterial - 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
o Revised Criteria - 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
This shall be effective in Live from June 03, 2024
[Notification No. NSE/FAOP/62241]
