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Home News BSE reduces lot size, shifts expiry of derivatives contracts to Friday

BSE reduces lot size, shifts expiry of derivatives contracts to Friday

The stock exchange BSE has altered the lot size and expiration date of monthly, weekly, and longer-term futures and options contracts in an effort to encourage derivative trading in the SENSEX and BANKEX indices. This will be compelling from May 15 this year, BSE said in an explanation.

The lot size for Sensex futures and options contracts has been reduced from 15 to 10, according to the stock exchange. Futures and options contracts offered by Bankex Indices now have a lot size of 15 as opposed to the previous 20.

It has moved the Thursday expiration date for its monthly, weekly, and long-dated futures and options contracts to Friday.

The previous trading day will serve as the expiration date if it falls on a trading holiday.

Futures and options contracts currently expire on Thursdays, while monthly contracts last until the end of each month’s session on the last Thursday.

A financial instrument whose value is derived from an underlying asset is called a derivative contract. The underlying stock or equity index, for instance, influences the price of an equity derivative contract.

According to BSE’s statement, “All existing contracts in S&P BSE SENSEX (Weekly, Monthly, and Long dated) and S&P BSE Bankex (Weekly and Monthly) will expire on Thursday, May 12, 2023 with the day ending and will not be available for trading with effect from May 15 Will be May, 2023.”

“At the end of the day on May 12, 2023, new contracts for S&P BSE SENSEX (Weekly, Monthly, and Long dated) and S&P BSE BankEx (Weekly, Monthly, and Long dated) with Friday expiration and the aforementioned revised specifications will be generated. Trading will begin on May 15.” Will be available for purchase in May 2023,” the statement stated.

In addition, it stated that, with the exception of the aforementioned modifications, all other contract specifications for the futures and options contracts offered by S&P BSE Sensex and S&P BSE Bankex would remain unchanged.

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