The International Financial Services Centres Authority on 22nd June 2021 decided to introduce a NLT facility for derivatives on the stock exchanges.
The NLT Window shall be open throughout normal trading hours of the stock exchanges. The orders placed shall be within +/-1% of the applicable Reference price and the minimum order size in terms of notional value, for execution of trades, shall be USD 1 million.
The NLT trades on behalf of clients shall not be executed against the trading member’s own account. The Trading Members shall execute NLT trades on behalf of their clients only after obtaining explicit written consent from their respective clients.
The Stock Exchange shall disseminate details of the NLT trades to the public on the same day, after the market hours.
