North India Statesman
[ad_1]
The situation boundaries in index derivations (such as Nifty, Bank Nifty) will now be monitored several times a day to keep the system transparent and prevent overtrading.
The new rule will be applicable from 1 April 2025-
Till now, the status range was checked only at the end of the day. Now at least 4 times daily testing will be done at a random time.
Now no fine:-
If the intraday border of a customer or businessman crosses, no penalty will be imposed at present. But the exchange will warn them so that they can manage their risk.
Relief to brokers regarding delay in preparation:-
Brokerage institutions like ANMI, BBF, CPAI told SEBI that their system is not fully prepared yet. On this, SEBI showed understanding that at the moment only monitoring will be done, but no fine will be imposed.
SOP will come:-
All exchanges will jointly prepare an SOP, in which brokers and traders will be told how this monitoring will be done.
What does this mean for investors?
If you trade index options or futures, keep in mind that now your position will be examined several times a day. However, if accidentally crosses the border, do not panic – there will be no fine at the moment, but the exchange will pay attention to it.
Cold together –
SEBI has tightened the boundary of Intrade position, but has also provided flexibility to brokers and traders to upgrade their systems. This step is important for market transparency and stability.
