India:
Index Based Market-Wide Circuit Breaker Mechanism
07 October 2015
Solomon & Co.
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By way of a circular dated 12 January 2015, the Securities and
Exchange Board of India has directed stock exchanges to implement a
stronger "circuit breaker mechanism", which includes
provisions to track the movement of the Bombay Stock Exchange's
Sensex or the National Stock Exchange's Nifty indices after
every trade. The circuit breaker system will stop trading in all
equity and equity derivative markets in the event of a large swing
in share movements on Nifty or Sensex.
Originally published in
March 2015 Newsletter.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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