Index based market-wide circuit breaker mechanism

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....DP/25/2013 dated September 03, 2013 advising stock exchanges to implement an index based market wide circuit breaker system to bring about a coordinated trading halt in all equity and equity derivative markets nationwide on 10%, 15% and 20% movement either way of BSE SENSEX or NSE NIFTY. 2. The mechanism implemented by the stock exchanges for 'Index based market-wide circuit breakers' was discu....

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....y the stock exchange. (c) BSE and NSE shall implement suitable mechanism to ensure that all messages related to market-wide index circuit breakers are given higher priority over other messages. Further, the systems (including the network) for computation of market-wide index, checking for breach of circuit breaker limits and initiating message to stop matching of executable order and acce....