---
title: "Why is the option contract or option chain LTP on Arrow different from NSE?"
description: "The option contract or option chain LTP on Arrow may differ from NSE if the option is illiquid. For illiquid contracts, NSE provides a theoretical…"
category: arrow
subcategory: general
slug: why-is-the-option-contract-or-option-chain-ltp-on-arrow-different-from-nse
canonical: https://support.arrow.trade/arrow/general/why-is-the-option-contract-or-option-chain-ltp-on-arrow-different-from-nse/
---

# Why is the option contract or option chain LTP on Arrow different from NSE?

> The option contract or option chain LTP on Arrow may differ from NSE if the option is illiquid. For illiquid contracts, NSE provides a theoretical…

## Short answer

The option contract or option chain LTP on Arrow may differ from NSE if the option is illiquid. For illiquid contracts, NSE provides a theoretical settlement price if there are no trades in the last 30 minutes of the trading session. Arrow updates the Settlement Price in place of LTP the next day when iRage receives a report from NSE called BHAVCOPY.

You can learn more about BHAVCOPY by visiting market forums.com/t/what-is-bhav-copy-published-by-exchanges-and-how-is-it-useful-also-why-is-it-called-bhav-copy.

In the below images, Arrow displays the settlement price. However, the option chain on NSE shows the LTP.

## On Arrow

## On NSE

## Related

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Source: https://support.arrow.trade/arrow/general/why-is-the-option-contract-or-option-chain-ltp-on-arrow-different-from-nse/
Publisher: Arrow / iRage Broking Services LLP