NEW DELHI, April 4: The National Stock Exchange (NSE) has revised the order-to-trade ratio (OTR) framework for the equity derivatives options segment, with the changes set to come into effect from April 6, in line with SEBI guidelines issued earlier this year. Under the revised criteria, orders placed within a range of (+/-)40 per cent of the last traded price (LTP) of the options premium or (+/-)Rs 20, whichever is higher, will be exempt from the framework for imposing penalties on high OTR.This marks a significant relaxation compared to the earlier norm, under which only orders within 0.75 per cent of the LTP were excluded from OTR computation, resulting in a relatively narrow exemption band.The exchange also clarified that no changes have been made to the OTR framework for the equity derivatives futures segment and the cash segment. (PTI)
