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    New Updates In Futures & Options

    For which instruments is pre-open session applicable in Equity Derivatives market?

    The pre-open session is applicable to:

    1. The pre-open session will apply to current-month futures contracts on both Single Stocks and Indices.
    2. The session will also extend to the next-month futures contracts during the last five trading days before the expiry of the current-month futures.

    The pre-open session will not apply to:

    • Calendar spread futures and option contracts on stocks or indices
    • Futures of an underlying security on its ex-date of corporate action (e.g., merger, demerger, etc.)
    • The facility will not apply to far-month expiry contracts.
    What are the pre-open session timings? What shall be the trading parameters for Equity Derivatives market for pre-open session? Will the Self Trade Prevention Check (STPC) mechanism be applicable during the pre-open session in the Equity Derivatives segment? The pre-open session comprises of how many sessions? What are the features? On what basis is the equilibrium / opening price determined for pre-open session? What happens to unmatched orders which are entered in the pre-open session? Will the orders received in pre-open session be validated at the applicable margins?