Currency F&O: Sebi tweaks position limits

Sebi on Tuesday tweaked the client level position limits for trading in crosscurrency futures and options contracts.

Position limit refers to the highest number of options or futures contracts an investor is allowed to hold on one underlying security.

Based on feedback received from stock exchanges and clearing corporations and upon a review of the same, it has been decided to revise the client level position limits, per stock exchange, Sebi said in a circular. Gross open positions of the client across all contracts in the respective currency pairs will not exceed the limits set up by the regulator.