This in continuation to the Exchange notice no. 20160113-2 dated January 13, 2016 regarding introduction of Price Reasonability Check (PRC) for Equity Derivatives Segment and applicable Price Reasonability Range (PRR) and Exchange notice no. 20200214-17 dated February 14, 2020 regarding Revision in Price Reasonability Check for Sensex Option Contracts.
It has now proposed to extend the current Sensex option contracts PRR ranges to BANKEX Options contracts which is represented as under:
A. PRR slabs for SENSEX and BANKEX Options: -
|
Order Price Range from (Start Range)
|
Order Price Range To
|
Proposed PRR Range in Rs
|
|
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
|
1000
|
400
|
|
1000.05 and above
|
40% of price
|
B. PRR slabs for Index Futures shall be 1% of the reference price.
C.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, May 15, 2023.
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.
Sachin Lad Nivedita Khatri
Assistant General Manager Associate Manager
Surveillance Surveillance
May 12, 2023 |