https://www.taxtmi.com/circulars?id=58262 SEBI mandates a framework of pre-trade risk controls for stocks, ETFs, index and stock futures requiring exchanges to block single orders above a prescribed value, ensure brokers apply client-level value/quantity checks and cumulative open order value limits, and monitor broker controls with penalties for non-compliance. Exchanges must implement tightened dynamic price bands for securities with derivatives and allow staged relaxation during market trends. A mandatory risk-reduction mode triggers when broker collateral utilization against margins reaches a high threshold, cancelling unexecuted orders, permitting only immediate-or-cancel orders, enforcing margin checks, and reinstating normal mode when utilization falls below the threshold. en-us Thu, 13 Dec 2012 00:00:00 +0530 Fri, 14 Dec 2018 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58262 SEBI mandates a framework of pre-trade risk controls for stocks, ETFs, index and stock futures requiring exchanges to block single orders above a prescribed value, ensure brokers apply client-level value/quantity checks and cumulative open order value limits, and monitor broker controls with penalties for non-compliance. Exchanges must implement tightened dynamic price bands for securities with derivatives and allow staged relaxation during market trends. A mandatory risk-reduction mode triggers when broker collateral utilization against margins reaches a high threshold, cancelling unexecuted orders, permitting only immediate-or-cancel orders, enforcing margin checks, and reinstating normal mode when utilization falls below the threshold. Circulars SEBI Thu, 13 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58262