BSE to discontinue stop loss orders across market segments from Oct 9; will it impact traders?

The decision comes in light of a recent instance of wide price movement in Sensex call option of 67,000 strike on September 8, on account of Stop Loss Market Order (SL-M) without due price protection. Due to a market order, the premium that was trading at Rs 4-5, shot up to Rs 209 for a few seconds, and a lot of traders faced losses due to this, Jain said