Circular No. NSE/INVG/2007/65
Download No. NSE/INVG/2007/8719 March 23, 2007
Sub: Placement of orders at prices significantly away from market price
The Exchange has observed that some members / clients are placing orders at prices significantly away from market price of the security.
Attention of the members is drawn to Capital Market and F&O Regulations, Part A, 4.5.4.c (i). Non compliance to the requirements specified in the said Regulations shall attract disciplinary action.
Members are hereby advised to exercise due diligence and caution at the time of entering orders which are away from market price and also advised to put in place appropriate internal systems and procedures for ensuring that such orders are not entered.
For National Stock Exchange of