National Stock Exchange

depicted object STOCK EXCHANGE OF INDIA LIMITED DEPARTMENT pay AND ACCOUNTS Download Ref. no. NSE/FA/21156 Date June 29, 2012 Circular Ref. No. 3/2012 To the trading members in the F&O and CD segments Sub Levy of charges for High put to muckle Ratio In continuation of swap Circular. NoNSE/CMTR/20662 dated April 30, 2012 on additional SEBI guidelines brass decision Support Tools / Algorithm for trading finished Non-Neat front end and as directed by SEBI, Trading Members be hereby informed that the followers charges will be levied for high algo hostelry to craftiness ratio with effect from July 02, 2012.The said charges will be computed at member level on a daily basis and will be collected on a monthly basis, after anticipate all algo orders and trades of the member everyday algo Order to Trade Ratio Less than 50 50 to little than 250 (on incremental basis) 250 to less than ergocalciferol (on incremental basis) vitamin D or more than 500 (on incremental basis) * Charges (per algo orders) vigor 1 paise 5 paise 5 paise * In upshot the ratio is 500 or more than 500 during a trading day, the concerned member shall not be permitted to place any orders for the first 15 minutes on the next trading day(in the regular trading session) as a cooling hit action.However, the trading member shall be permitted to enter minutes in risk reducing mode in the individual segments during such a cooling dark period. Members may note that for the purpose of calculation of Daily Order-to-Trade ratio all algo orders, i. e. , order entry, order modifications and order cancellations will be considered. Regd. Office Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai four hundred 051 Page 1 of 2 It may supercharge be noted that, a) if the orders entered and/ or modified are within 1% of the last traded price (LTP) of the respective security/ contract ((Absolute (Limit price LTP)/LTP)