Pre-Trade risk controls for market order in Option Index & Stocks

Img May 2, 2022

Dear Trader

Exchange has introduced the following changes for market order in Option Index & Option Stocks –

1.  LTP is not an available in option for the day market orders  in such a scenario shall be rejected by the Exchange by with below rejection.

 17181: Contract not traded. Market order not allowed

2.Market Orders shall be allowed to be traded only up to a certain mark-up/down price above/below Last traded Price (LTP). otherwise order will be rejected from exchange end with below rejection.

17182: Order could have resulted in trade beyond mark-up price

Initially,  parameters to arrive at the mark-up/down shall be set as follows

Instrument % Of LTP Minimum absolute Range (Rs.)
OPTSTK 20% 10
OPTIDX 20% 10

3. Stop Loss orders with Market for Index options and Stock options contracts are not allowed . with below rejection .Already live since Sep 27 2021

16052: Function not available 

For further details check out exchange circular here

South Asian Stocks Ltd. : NSE Member Code 09073, BSE Member Code 6329, MCX Member Code : 55215 , NCDEX Member Code : 1233 NSDL : IN-DP-474-2020 . SEBI Registration No. INZ000164738
Compliance Officer: NSE,BSE,MCX,NCDEX,NSDL : Mr RK Jain , 011-40409999 support@stocko.in
Registered Office : 3rd Floor, Building No.5, Local Shopping Complex, Rishabh Vihar, Near Karkarduma Metro Station. East Delhi – 110092


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