This is continuation to notice no. 20200523-1 dated May 23, 2020 regarding launch of option contracts in commodity derivatives segment.
In this connection, trading members are requested to note the following parameters with regard to Reversal Trade Prevention Check (RTPC) & Price Reasonability Check in the option contracts.
· Reversal Trade Prevention Check shall be applicable to all far month expiries of Commodity Options contracts, until further notice.
· Price Reasonability Check: Price reasonability ranges for Options contracts in commodity derivatives segment are as under:
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Order Price Range from (Start Range Rs.)
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Order Price Range To in Rs.
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Proposed PRR Range in Rs.
|
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0.05
|
25
|
10
|
|
25.05
|
50
|
20
|
|
50.05
|
100
|
40
|
|
100.05
|
200
|
80
|
|
200.05
|
350
|
140
|
|
350.05
|
500
|
200
|
|
500.05
|
750
|
300
|
|
750.05
|
1250
|
400
|
|
1250.05
|
1500
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40% of price
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|
1500.05 and above
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30% of price
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The Exchange may revise the applicable Price Reasonability Range depending on prevalent market conditions.
The above-mentioned changes shall be made live with effect from Monday, June 01, 2020.
In case of any queries or clarifications on the above-mentioned modifications, trading members may kindly contact their respective Relationship Manager.
For & on behalf of BSE Ltd.
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Usha Sharma
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Umesh Hanjankar
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General Manager
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Asst. Gen. Manager
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Surveillance
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Surveillance
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