Market Wide Position Limits across Stock Exchanges
Summary
This circular mandates the daily dissemination of Market Wide Position Limits (MWPL) and Open Interest data by stock exchanges for derivative contracts on individual securities. It establishes a specific timeline for reporting, aggregating, and correcting this data to ensure transparency across exchanges. The operational procedures are supported by existing methodologies for MWPL computation and are issued under the powers of the SEBI Act 1992.
Text
Each Exchange to disseminate on web the following for every security: a. ISIN of the security, b. Name and symbol of the security, c. MWPL (in terms of no. of shares) of the security, and d. Open Interest (in terms of no. of shares). At 7.00 PM, each Exchange to disseminate... after aggregating across Exchanges... e. Permissible limits for next day in terms of SEBI Circular SEBI/DNPD/Cir-26/2004/07/16 dated July 16, 2004. At 7.15 PM Each Exchange to report any discrepancy in the above data to other Exchanges and after correction, disseminate the final data on the web.
The above data shall be disseminated in a machine readable, open format (XML format).
The methodology for computation of MWPL, as prescribed by SEBI Circular No. SEBI/DNPD/Cir-31/2006 dated September 22, 2006 shall remain unchanged.
This Circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with Section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and shall come into effect from January 31, 2010.
Source: SecMarx — Market Wide Position Limits across Stock Exchanges. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.