Pre-Trade risk controls _Market price protection for Future contracts

The exchange has launched the following features as part of Pre Trade Risk Control

* Market orders shall not be allowed in a contract which has not traded for the day i.e. LTP is not available for the day. Market orders received in such scenario shall be rejected by the Exchange with message :- 17181: Contract not traded. Market order not allowed

* Market Orders shall be allowed to be traded only up to certain mark-up/down price above/below Last traded Price (LTP) Market orders above/below markup price shall be rejected by the exchange with message – 17182: Order could have resulted in trade beyond mark-up price.

For further details kindly check NFO, CDS

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