NISM Series XIII Common Derivatives Certification Exam Notes

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  • Price-Time Priority: Ensures fair order matching based on price and entry time.
  • Circuit Filter: Limits price movements to prevent extreme volatility.
  • Stock Eligibility: Requires minimum trading volume and market cap.
  • Re-introduction Criteria: Excluded stocks must meet re-entry thresholds.
  • Surrogate Index Purpose: Maintains trading continuity for derivatives.

NISM Common Derivatives

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