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    New Updates In Futures & Options

    What happens to unmatched orders which are entered in the pre-open session?
    • All unmatched / outstanding limit orders will be moved to the normal market retaining the original time stamp. All unmatched / outstanding market orders will be modified to assign discovered equilibrium price and moved to normal market as limit orders with such modified time stamp.
    • In a situation where no equilibrium price is discovered in the pre-open session, all market orders are moved to normal market at base price following price time priority.

    Note: Order modification and/or cancellation of all unmatched / outstanding orders shall not be permitted before start of normal market session

    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? 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? Will the orders received in pre-open session be validated at the applicable margins?