SEBI is expected to revise the proposed intraday open interest (OI) limits for futures trading, a key demand from industry participants. However, the increase in the end-of-day (EOD) delta-based limit may not be as high as some had requested, including an international trade body, Moneycontrol cites sources.
The Futures Industry Association (FIA), representing major players like hedge funds Jane Street and Citadel, had urged SEBI to raise the EOD net index futures equivalent limit to ₹7,500 crore. However, SEBI is unlikely to approve this, sources indicated. Fund managers welcomed this decision, saying such a high limit could expose the market to manipulation.
SEBI’s analysis of the top 50 trading positions in November 2024 showed that in 89% of cases, net delta-based OI was below ₹500 crore, and only 1% of cases exceeded ₹10,000 crore.
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