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Market regulator Securities and Exchange Board of India (SEBI) on Thursday issued new measures for equity Futures & Options (F&O) segment.
The key measures notified include new way of open interest measurement in equity F&O segment, linking of market wide position limit (MWPL) with cash volume and free float, intraday monitoring of MWPL in single stocks, enhanced position limits for Index Futures and Index Options.
The important aspect is SEBI has enhanced the Index Options position limit as compared to the proposed limit earlier. The new Net end of day limit for options will be Rs 1,500 crore and gross limit will be Rs 10,000 crore. These limits will be at each PAN level.
The SEBI had floated a consultation paper in February titled ‘Enhancing Trading Convenience and Strengthening Risk Monitoring in Equity Derivatives’. SEBI has proposed second leg of regulatory changes for equity F&O in the paper and after feedback from stakeholders the circular has been issued
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