CLEARING AND SETTLEMENT National Securities Clearing Corporation Limited (NSCCL) undertakes clearing and settlement of all trades executed on the Futures and Options Segment of the NSE. It also acts as legal counter party to all trades on the Futures and…
QUESTIONS AND ANSWERS ON CHAPTER Q. The best buy order for a given futures contract is the order to buy the index at the H^hest Price Average of the highest and lowest price. Lowest price. None of the above. A.…
ELIGIBILITY CRITERIA OF INDICES The exchange may consider introducing derivative market contracts on an index if the stocks contributing to 80 % weight age of the index are individually eligible for derivative trading. However, no single ineligible stocks in the…
DETAILED CONTRACT SPECIFICATIONS FOR STOCK OPTIONS: Underlying : Individual Securities available for trading in the cash market. Exchange of Trading : National Stock Exchange of India Limited. Security Descriptor : N OPTSTK Style of Option : American. Strike Price Interval…
CONTRACT SPECIFICATIONS FOR STOCK FUTURES: Trading day in stock futures commenced on the NSE from November, 2001. These contracts are cash settled on trading day basis. The expiration cycle for Stock Futures is the same as for index futures, index options…
CONTRACT SPECIFICATION FOR INDEX OPTIONS On NSEs Index Options market, contracts at different strikes, having one month, two month and three month expiry cycles are available for trading. There are typically one month, two month and three month options, each…
DETAILED CONTRACT SPECIFICATIONS FOR INDEX FUTURES TRADING ON THE NSEl-S&P CNX NIFTY FUTURES Underlying Index : S&PCNX Nifty. Exchange of Trading : National Stock Exchange of India Limited. Security Descriptor : NFUTIDX NIFTY. Contract Size : Permitted lot size shall…
FUTURES AND OPTIONS MARKET INSTRUMENTS The Futures and Options segment of NSE provides trading facilities for the following derivative instruments. INDEX BASED FUTURES INDEX BASED OPTIONS INDIVIDUAL STOCK OPTIONS INDIVIDUAL STOCK FUTURES CONTRACT SPECIFICATIONS FOR INDEX FUTURES NSE trades Nifty,…
PLACING ORDERS ON THE TRADING SYSTEM For both the futures and the options market, while entering orders on the trading system, members are required to identify orders as being proprietary or client orders. Proprietary orders should be identified as ‘pro’…
INQUIRY WINDOW The inquiry window enables the user to view information such as Market by Price (MBP), Previous Trades (PT), Outstanding Orders (00), Activity Log (AL), Snap Quote (SQ), Order Status (OS), Market Movement (MM), Market Inquiry (MI), Net position,…