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Markets regulator Sebi on Tuesday mentioned the place restrict for Buying and selling Members (TMs) throughout consumer and proprietary trades in index futures and choices will now be greater of Rs 7,500 crore or 15 per cent of whole open curiosity (OI) out there.
The place limits are individually relevant for index futures and index choices, the Securities and Trade Board of India (Sebi) mentioned in a round.
Earlier than this, the general place restrict on the buying and selling member stage (proprietary and consumer) is greater of Rs 500 crore or 15 per cent of the whole Open Curiosity (OI) out there.
Noting that the open curiosity of each the individuals and the market is dynamic and altering all through the day, Sebi mentioned that the positions of market individuals within the fairness derivatives phase will now be monitored primarily based on the whole open curiosity of the market on the finish of the day gone by’s commerce.
If market open curiosity (OI) drops the subsequent day, individuals could exceed their limits even when their positions stay unchanged.
For such instances of passive breaches, market individuals wouldn’t be penalised and never be required to unwind their positions.
The brand new place limits are efficient instantly, and monitoring primarily based on the day gone by’s OI will begin from April 1, 2025.
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