Description
List of securities subject to Reversal Trade Cancellation Mechanism (RTCM) for December 2025, covering over 300 stocks where specific trade cancellation procedures will apply.
Summary
NSE has published the list of securities subject to the Reversal Trade Cancellation Mechanism (RTCM) for December 2025. The circular identifies over 300 stocks across various sectors where the RTCM framework will be applicable. This mechanism is part of NSE’s surveillance measures to manage trading risks and prevent market manipulation in securities that may have lower liquidity or higher volatility.
Key Points
- Over 300 securities identified for RTCM applicability in December 2025
- Covers diverse sectors including infrastructure, pharmaceuticals, textiles, metals, and financial services
- RTCM is a surveillance measure to manage trading risks
- Traders and brokers must be aware of special cancellation procedures for these securities
- List includes both small-cap and mid-cap stocks
Regulatory Changes
No new regulatory changes introduced. This circular represents the periodic update of securities subject to existing RTCM framework as part of NSE’s ongoing surveillance measures.
Compliance Requirements
- Trading members must ensure awareness of RTCM applicability for listed securities
- Special attention required for trade execution and confirmations in these stocks
- Risk management systems should account for RTCM procedures
- Clients trading in these securities should be informed about the mechanism
Important Dates
- Applicable Period: December 2025
- Circular Date: November 25, 2025
Impact Assessment
Market Impact: Medium - affects trading operations for identified securities, requiring traders to follow specific procedures for trade cancellations.
Operational Impact: Market participants dealing with any of the 300+ listed securities need to ensure their systems and processes account for RTCM procedures. This may impact order execution strategies and risk management frameworks for these stocks.
Investor Impact: Investors and traders in these securities should be aware that trades may be subject to reversal/cancellation under specific circumstances as per the RTCM framework, which could affect intraday trading strategies and position management.
Impact Justification
Affects trading operations for over 300 securities with specific trade cancellation procedures. Important for traders and market participants dealing with these stocks to understand RTCM applicability.