I tried to buy May Options of NBCC and eternal, it reject saying it is illiquid which is not true.
I tried GTT so that at least it gets registered, here is the order details.
GTT-C25150400021380
Hi @athma_prathisti,
The order rejection you’re seeing is due the internal risk management checks that we’ve implemented for compliance and safety. While the contract may be available on the Exchange, our RMS team has set a criteria that restrict trading in certain option contracts that are deemed illiquid or have low participation on the platform.
Hope this answers your query, thanks.
But what are those criteria’s, both stock looks pretty liquid to me. the current month expiry will mostly loose, it has to be next month expiry.
Hi @athma_prathisti,
For an option contract to be considered liquid as per our internal RMS criteria, we look at the minimum lot participation on the exchange. The threshold that we follow are - minimum 50 lots traded for current month expiry, minimum 100 lots traded for next month expiry and minimum 200 lots traded for far month expiry. Thanks.
