NATIONAL STOCK EXCHANGE OF INDIA LIMITED.
FUTURES &
OPTIONS OPERATIONS
Circular
No: NSE/FO/003/2003
Download
No: NSE/FO/3883
Date:
CTCL FACILITY
/ INTERNET BASED TRADING SERVICES
This
is in partial modification to Circular no. NSE/CMO/0029/2000 dated
Clause
11 of the undertaking to be executed by vendors is modified as below:
“I / we shall not develop or use any software / program facility which
shall either directly or indirectly facilitate program trading without prior written approval of the
Exchange. For the purpose of this
clause the term ‘Program Trading’ shall mean any software or program facility
by the use of which, upon the fulfillment of certain specified parameters,
without the necessity of manual entry of orders, buy/sell orders are
automatically generated and entered by the software / program facility into the
Trading System of NSEIL to be matched by the central computer.”
This
circular will be effective with immediate effect.
For
National Stock Exchange of
Arup Mukherjee
Manager – Futures & Options Trading