National Stock Exchange

NATIONAL STOCK shift OF INDIA LIMITED DEPARTMENT FINANCE AND ACCOUNTS Download Ref. No. NSE/FA/21156 Date June 29, 2012 broadsheet Ref. No. 3/2012 To the trade extremitys in the F&O and CD segments Sub Levy of charges for High Order to Trade Ratio In continuation of fill in Circular. NoNSE/CMTR/20662 dated April 30, 2012 on additional SEBI guidelines regime decision Support Tools / Algorithm for duty through Non-Neat front closure and as directed by SEBI, Trading Members are hereby certain that the following charges will be levied for high algo order to trade dimension with effect from July 02, 2012.The said charges will be computed at member train on a daily basis and will be gathered on a monthly basis, after reckoning entirely algo orders and trades of the member Daily algo Order to Trade Ratio Less than 50 50 to less than 250 (on incremental basis) 250 to less than five hundred (on incremental basis) 500 or more than 500 (on incremental basis) * Charges (per alg o orders) Nil 1 paise 5 paise 5 paise * In case the ratio is 500 or more than 500 during a trading day, the concerned member shall not be permitted to short letter any orders for the first 15 minutes on the next trading day(in the continuous trading session) as a cooling finish off action.However, the trading member shall be permitted to enter transactions in risk simplification mode in the respective segments during such a cooling off period. Members may note that for the purpose of calculation of Daily Order-to-Trade ratio all algo orders, i. e. , order entry, order modifications and order cancellations will be considered. Regd. Office Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai 400 051 Page 1 of 2 It may further be noted that, a) if the orders entered and/ or modified are within 1% of the hold traded price (LTP) of the respective security/ contract ((Absolute (Limit price LTP)/LTP)