Introduction of Pre Open Session by Exchanges

Introduction of Pre Open Session by Exchanges

Pursuant to circulars CIR/MRD/DP/21/2010 dated July 15, 2010 and CIR/MRD/DP/32/2010 dated September 17, 2010 for introduction of Call Auction process in Pre Open Session, the exchanges have decided to introduce call auctions in pre open session with effect from October 18, 2010. The call auction in pre-open session will be introduced initially for securities forming part of indices CNX Nifty and SENSEX. Click here to view the scrips.

Taking the above into consideration please note that normal market for Equity and Futures & Option will open at 9:15am instead of 9:00am from October 18, 2010

What is the Pre Open session?

It is basically a mechanism to determine the Opening Price based on aggregated supply and demand for the underlying.

What are the timings for the Pre Open session?

The session would commence for 15 minutes between 9:00am and 9:15am out of which order placement in the Pre Open session would be allowed for the first 7 /8 minutes only. The rest of the time would be utilized for exchange related functions as illustrated in the indicative schedule mentioned below.

SESSION	TIME	ACTION	EXCHANGE STATUS
After Hour Window Closing Timing.	9:00am	After Order placement / modification / cancellation in the Sharekhan After Hour window will be stopped.	Open
Exchange Pre Open Order Entry Period.	9:00am ? 9:07/08am (approx)	Orders as per the exchange defined scrip list can be placed /modified /cancelled in the Pre Open session.	Open
After Hour Window Re-Open Timing.	9:08am ? 9:15am (approx)	After Orders can be placed / modified / cancelled in the Sharekhan After Hour window.	After Hour Open
Exchange Pre Open Order Matching & Confirmation Period.	9:08am - 9:12am	Order placement /modification /cancellation in the Pre Open session will be stopped. Opening price determination, order matching & trade confirmation starts at Exchange.	After Hour Open
Buffer Period.	9:12am ? 9:15am	To facilitate transition between pre open and continuous trading session.	After Hour Open
Continuous Trading.	9:15am ? 3:30pm	Exchange would move unmatched orders to the continuous trading session on price time priority. Exchange would move all unmatched market orders to the continuous session at the opening price. Sharekhan would push all after hour orders to the exchange.	Open

Click here for a detailed explanation /faq?s on the Pre Open session from BSE and Click here for circular issued by NSE or feel free to call our Customer Service department on 1800227500 /39707500 (prefix local STD code) in case you require any further assistance.

0 comments:

Disclaimer & Privacy Policies

(c) Mrs. Ruby Christy. This site and contents are owned by Mrs. Ruby Christy;
Use of this website and/or services offered by us indicates your acceptance of our Disclaimer& Privacy Policies.
Information and opinions provided on this website (www.investchips.com) has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. Investchips.com and its affiliates, information providers or content providers and R.John Christy and his Family shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this website or feeds, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information. Investchips.com,its affiliates, information providers ,content providers and R. John Christy and his Family shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this website. Any action you choose to take in the markets is totally your own responsibility. Investchips.com and R. John Christy and his Family will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Opinions expressed by R. John Christy are his own and not of his past, present and future employers.
The DoubleClick DART cookie is used by Google in the ads served on this websites displaying AdSense for content ads. When users visit this website and either view or click on an ad, a cookie may be dropped on that end user's browser.

Google, as a third party vendor, uses cookies to serve ads on this site.
Google's use of the DART cookie enables it to serve ads to your users based on their visit to this site and other sites on the Internet.
Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.
www.investchips.com never collects any personal information of visitors.

WWW.INVESTCHIPS.COM