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    New Updates In Futures & Options

    What is MWPL?

    MWPL refers to Market Wide Position Limit which is the maximum allowable open interest across the entire market for a Stock's Futures and Options contracts. The open interest is measured in terms of Future equivalent open interest or delta based open interest.

    The Future Equivalent open interest (FutEq OI) is calculated by aggregating the change in price (delta) associated with the position.

    New MWPL methodology:

    SEBI has decided to revise the formulation of MWPL. Same will be calculated by CC as the lower of:

    a. The lower of:

    15% of the free-float

    65 times market wide Average Daily Delivery Value (ADDV) (in terms of quantity)

    b. With a minimum floor of 10% free float.

    Dissemination:

    The MWPL calculated shall be disseminated by Clearing Corporations (CC) on their website, details about computation methodology are available in Annexure 2 of Exchange Circulars NCL/CMPT/70085, NSE/SURV/71090 & 20251031-63

    What can I do if I already have a position in a banned stock? When does any stock enter Ban Period in F&O segment? Can I trade in a stock that is under MWPL ban period? What is Change in the Open Interest (OI) Calculation methodology - Delta-Based (Future-Equivalent) OI? What is Position Limit Monitoring for Index Futures and Index Options?