Order Based Surveillance Measure - Persistent Noise Creators

[R.Arun]

@nithin

Would you kindly explain in simple terms with examples and also dos and don’ts based on the NSE circular “Order Based Surveillance Measure - Persistent Noise Creators” dated 26th Mar 2021.

Thank You

[nithin]

@R.Arun

Would you kindly explain in simple terms with examples and also dos and don’ts based on the NSE circular “Order Based Surveillance Measure - Persistent Noise Creators” dated 26th Mar 2021.

Thank You

I just wrote this

How will Order Based Surveillance Measure impact the big guys?

Interesting Stuff! - NSE Circular linked below says: In continuation to the various surveillance measures in force, SEBI and Exchanges in a joint meeting have decided that, in order to further strengthen the order level surveillance mechanism, there shall be an additional order based surveillance measure to deter persistent noise creators i.e. excessive order modifications/ cancellations with an intent to avoid execution. How will this impact the big guys? More importantly, will this cause wid…

It won’t affect any of our customers. We haven’t seen any customers having OTR of more than 50.

[R.Arun]

I was particularly worried about trailing stop loss order. Need to manually change the order many times as the trade moves further in profit direction.

Thank You for the detailed answer in other thread. I think I don’t have to worry much about this circular.