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    New Updates In Futures & Options

    The pre-open session comprises of how many sessions? What are the features?

    Pre-open session comprises of two sessions as mentioned below:

    1. Order Collection Period:

    • During this period orders can be entered, modified, and cancelled.
    • No trades are executed
    • Order collection period ends by system driven random closure between 7 and 8 minutes.
    • Both Limit and market orders are allowed.
    • The information like Indicative equilibrium / opening price of contract, total buy and sell quantity of the contract and % change of indicative equilibrium price to previous close price shall be computed based on the orders in order book and will be disseminated during pre-open session.
     

     2. Order Matching Period

    Order matching period starts immediately after completion of order collection period.

    • Order will be matched at a single (equilibrium) price which will be open price.
    • The order matching happens in following sequence:
    1.  Eligible limit orders are matched with eligible limit orders
    2.  Residual eligible limit orders are matched with market orders
    3.  Market orders match with market orders
    • During order matching period order modification, order cancellation, trade modification and trade cancellation are not allowed.
    • The trade details are disseminated to respective members before the start of normal market. Request for trade cancellation shall not be allowed for these trades.
    For which instruments is pre-open session applicable in Equity Derivatives market? 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? 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?
    What is the Option 20 scheme? What is the GST amount for option trade? Where do I check the date from which I have been mapped under Options 20? Does ICICI Direct offer Futures & Options (F&O) contracts with up to 1-year expiry? What is VAR + ELM? Why is it required for stock options? What are the brokerage charges in Futures & Options if I am mapped to Option 7 scheme? Can I place an order before and after market hours for futures and options on ICICI Direct? What is the MTM (Mark-to-Market) process in F&O? Where can I check if a stock is in MWPL ban? Why am I unable to place an F&O order? Recent Price Revision in F&O When is Extreme Loss Margin(ELM) applicable? Why did my position in Futures and Options get squared-off ? What happens in case my F&O Limit goes negative due to placing Option Buy order at Market price? What are the system square off charges in F&O? How the fund payout process works in stocks and F&O contracts? What is the revised Securities Transaction Tax (STT) for F&O? Why isn't my order getting executed even though it has been placed successfully in Futures and Options? What are the criteria for the contract enablement in F&O? Understanding EBA/F&O Entries in Your ICICI Account or Ledger How limits are displayed on limits page? What is settlement cycle in F&O? How to download STT statement for Futures and Options? What is the additional exposure margin on securities under MWPL? When is a tax audit applicable to an F&O trader? How to fill for F&O Trading through ITR forms? Can F&O losses be set off against salary income or other business income? What happens if I incur a loss from F&O trading? Can I carry it forward? What are due dates and late filing impact? What documents are required for tax filling? What expenses can be deducted from F&O trading income? How much tax is payable on F&O profits? How is F&O turnover calculated for tax purposes? What are the new sectoral launches of NSE ? How is F&O trading income taxed in India? What is BSE launch on F&O contracts for Focused IT Index?