National Stock Exchange Free Essays

NATIONAL STOCK EXCHANGE OF INDIA LIMITED DEPARTMENT : FINANCE AND ACCOUNTS Download Ref. No. : NSE/FA/21156 Date : June 29, 2012 Circular Ref. We will compose a custom exposition test on National Stock Exchange or then again any comparable subject just for you Request Now No. : 3/2012 To the exchanging individuals the FO and CD fragments Sub : Levy of charges for High Order to Trade Ratio In continuation of Exchange Circular. No:NSE/CMTR/20662 dated April 30, 2012 on extra SEBI rules administering choice Support Tools/Algorithm for exchanging through Non-Neat front end and as coordinated by SEBI, Trading Members are therefore educated that the accompanying charges will be collected for high algo request to exchange proportion with impact from July 02, 2012. The said charges will be figured at part level regularly and will be gathered on a month to month premise, in the wake of retribution all algo requests and exchanges of the part: Daily algo Order to Trade Ratio Less than 50 to under 250 (on steady premise) 250 to under 500 (on gradual premise) at least 500 than 500 (on steady premise) * Charges (per algo orders) Nil 1 paise 5 paise 5 paise * on the off chance that the proportion is at least 500 than 500 during an exchanging day, the concerned part will not be allowed to submit any requests for the initial 15 minutes on the following exchanging day(in the constant exchanging meeting) as a chilling activity. Be that as it may, the exchanging part will be allowed to enter exchanges in chance lessening mode in the separate fragments during such a chilling period. Individuals may take note of that with the end goal of figuring of Daily Order-to-Trade proportion all algo orders, I. e. , request section, request adjustments and request abrogations will be thought of. Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai †400 051 Page 1 of 2 It might additionally be noticed that, an) if the requests entered as well as altered are inside 1% of the last exchanged value (LTP) of the particular security/contract ((Absolute (Limit cost †LTP)/LTP) The most effective method to refer to National Stock Exchange, Essay models