On May 24, 2024, the National Stock Exchange of India (NSE) issued a circular (Ref. No: 66/2024) detailing a significant revision in the tick size of securities in the Capital Market Segment (CM Segment). This change, effective from June 10, 2024, introduces a price-linked tick size mechanism, impacting all securities listed in the Cash Market Segment. Let’s get into the details of this circular, understand why NSE is implementing these changes, and discuss why it’s crucial for traders, particularly algorithmic traders, to pay close attention.
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