[sharetrading] new fno sizes applicable from march 31st 2010 [1 Attachment]

 

[Attachment(s) from naresh kumar nambisan included below]

http://www.moneycontrol.com/news/market-news/sebi-standardises-lot-size-for-stock-derivative-contracts_434613.html

Market regulator SEBI has standardised the lot sizes for stock futures. The revised lot sizes will be effective from March 31, 2010.

The lot size for derivative contracts on individual securities are as under:

Price Band (Rs.)	Lot Size
¡Ý1600	125
801 - 1600	250
401 - 800	500
201 - 400	1000
101 - 200	2000
51 - 100	4000
25 - 50	8000
< 25	A multiple of 1000

 

 

 

 

 

 

Explanation: The lot size for an underlying with a price of Rs 250, i.e., in the price band of Rs. 201-400, shall be 1000 units.

The Stock Exchanges will review the lot size once in every 6 months based on the average of the closing price of the underlying for last one month and wherever warranted, revise the lot size by giving an advance notice of atleast 2 weeks to the market. If the revised lot size is higher than the existing one, it will be effective for only new contracts.





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NARESH NAMBISAN

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