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
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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
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