Price Bands
There are no day minimum/maximum price ranges applicable in the derivatives segment. However, in order to prevent erroneous order entry, operating ranges and day minimum/maximum ranges are kept as below:
- For Index Futures: at 10% of the base price
- For Futures on Individual Securities: at 10% of the base price
- For Index and Stock Options: A contract specific price range based on its delta value is computed and updated on a daily basis.
In view of this, orders placed at prices which are beyond the operating ranges would reach the Exchange as a price freeze.