*NATIONAL STOCK EXCHANGE OF INDIA LIMITED* *FUTURES & OPTIONS SEGMENT*
*CIRCULAR* Circular No: NSE/F&O/029/2009 April 21, 2009 Download No: NSE/FAOP/12295 * * Dear Members, * * *Eligibility criteria of stocks on which stock options and single stock futures could be introduced* * * This is in partial modification to SEBI circular SMDRP/DC/CIR-13/02 dated December 18, 2002, SEBI/DNPD/Cir-26/2004/07/16 dated July 16, 2004 and SEBI/DNPD/Cir-31/2006 dated September 22, 2006 regarding criteria for selecting the stock in derivatives segment. As a surveillance measure SEBI has required the Exchanges to use the following stock’s selection criteria with immediate effect: 1. The eligibility criteria for inclusion of scrips in F&O segment shall be as under: · The stock shall be chosen from amongst the top 500 stocks in terms of average daily market capitalization and average daily traded value in the previous six months on a rolling basis. · The stock’s median quarter sigma order size over the last six months shall be not less than Rs. 5 lakhs. · The market wide position limit (MWPL) in the stock shall not be less than Rs. 100 crores. 2. The criteria for exclusion of scrips in F&O segment shall be as under: For an existing F&O stock, the continued eligibility criteria is that market wide position limit in the stock shall not be less than Rs. 60 crores and stock’s median quarter-sigma order size over the last six months shall be not less than Rs. 2 lakh. The stock shall be excluded if the above criteria is not fulfilled for consecutively three months. 3. Further, once the stock is excluded from the F&O list, it shall not be considered for re-inclusion for a period of one year. *For and on behalf of* *National Stock Exchange of India Limited* * * *Suprabhat** Lala* *Asst. Vice President * *www.investmentMap.com* <http://www.investmentmap.com/>* | ** www.IndiaPages.in* <http://www.indiapages.in/> * * *For Intra-day Traders - **StratStar.com* <http://www.stratstar.com/> - Intra-day Support and Resistance Levels for BSE and NSE India listed shares. Updated Daily --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
