Day Trading Stocks & Futures

travi

Well-Known Member
That post is old and therefore not updated.
interoperability has been implemented by SEBI Circular since july-2019 and clearing Corps of both exchanges can set-off trades in the other one. ( Like what brokers did yesterday )

The issue is that the Trading/Broker terminals not yet fully ready as every brokers terminal has to support it. When all are ready, you will be able to buy and sell intraday across both exchanges. ( if they work towards it )

But then this will mean that price spreads will become very small b/w the two exchanges and maybe those Arbitrage guys will have to find a new strategy :D
On the other hand, it is good for BSE as its volumes will improve( plus earnings ) & maybe that is why NSE isn't very happy about it.
Ofc, the same scrip should be trading on both Exch.
 
That post is old and therefore not updated.
interoperability has been implemented by SEBI Circular since july-2019 and clearing Corps of both exchanges can set-off trades in the other one. ( Like what brokers did yesterday )

The issue is that the Trading/Broker terminals not yet fully ready as every brokers terminal has to support it. When all are ready, you will be able to buy and sell intraday across both exchanges. ( if they work towards it )

But then this will mean that price spreads will become very small b/w the two exchanges and maybe those Arbitrage guys will have to find a new strategy :D
On the other hand, it is good for BSE as its volumes will improve( plus earnings ) & maybe that is why NSE isn't very happy about it.
Ofc, the same scrip should be trading on both Exch.
This is cool, did not know.
https://support.zerodha.com/categor...g-faqs/articles/interoperability-of-exchanges
 

travi

Well-Known Member
Had this been implemented by brokers earlier, then chaos like yest, could have been mitigated.
Only index F&O etc that NSE deems proprietary would have been an issue but EQ, EQ-F&O & CURR could all have been stabilized.
Even here NSE can license some scrips to BSE.
I think event like yest will only help enforce the fully interoperability idea.

Exch job is mostly order matching, so ideally it is great for Exch( NSE/BSE ) to be a backup for one another. ( mentioning this as you posted about backup lines yest )
 
Had this been implemented by brokers earlier, then chaos like yest, could have been mitigated.
Only index F&O etc that NSE deems proprietary would have been an issue but EQ, EQ-F&O & CURR could all have been stabilized.
Even here NSE can license some scrips to BSE.
I think event like yest will only help enforce the fully interoperability idea.

Exch job is mostly order matching, so ideally it is great for Exch( NSE/BSE ) to be a backup for one another. ( mentioning this as you posted about backup lines yest )
Liquidity is a big issue though, brokers dumping market orders without concern for orderbook depth in such situations is also dangerous for us. Many crazy spikes yesterday, even in Nifty Futures ( and in stocks in BSE) . It seems normal orderbook support that we get during the day did not exist.
 

bkb

Well-Known Member
Can dynamic price bands for F&O stocks be flexed only after a cooling-off period of 15 minutes? Is this still applicable or was applicable only till Aug'2020? Will be helpful if someone can guide me to relevant NSE circular/notification. Thanks.
 

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