Bourses allowed to set derivative contract expiry date

Mumbai, Nov 13

India's equities markets regulator Friday decided to allow stock exchanges the flexibility to set the expiry date for equity derivatives.

"Based on recommendations of the Secondary Market Advisory Committee, it has been decided to allow flexibility to the stock exchanges to set the expiry date for equity derivative contracts," the Securities and Exchange Board of India (SEBI) said in a release.

The regulator, however, cautioned bourses to ensure that there was no change in the specifications of the contract or the risk management framework, while upholding the integrity of the market.

Currently, all equity derivative contracts expire within three months. The National Stock Exchange dominates trading in equities derivatives.

In another announcement, SEBI said it would look at "facilitating transactions in mutual fund schemes" using existing stock exchange terminals that had a reach of over 1,500 towns and cities.

"Units of mutual fund schemes may be permitted to be transacted through registered stock brokers of recognised stock exchanges and such brokers will be eligible to be considered as official points of acceptance," the regulator said.

Last updated on Nov 13^th, 2009 at 18:41 pm IST--IANS

Possibly related news:

Other News Headlines

Hindustan Aeronautics to fly light combat chopper soon

Bangalore, Nov 20

A prototype of the light combat helicopter (LCH), designed and developed by the state-run Hindustan Aeronautics Ltd (HAL), is set for its maiden flight soon, a top company official said Friday.

Uttar Pradesh to run new medical colleges under PPP

Lucknow, Nov 20

The six new medical colleges and two para-medical colleges coming up in Uttar Pradesh would be run under a public-private partnership (PPP) arrangement.

Chandigarh cyber cafes raided, many found flouting rules

Chandigarh, Nov 20

The Chandigarh police Friday conducted surprise raids at various cyber cafes in this union territory and found over a dozen cafes were not keeping proper records of the customers.

India to have guidelines for probiotic food by 2010

New Delhi, Nov 20

Scientists Friday said that the government was in the process of formulating guidelines for regulation of probiotic foods, which have flooded the Indian markets, and the guidelines would be in place by January 2010.

Medha Patkar meets Mamata Banerjee on land acquisition bill

New Delhi, Nov 20

Narmada Bachao Andolan leader Medha Patkar met Railway Minister and Trinamool Congress chief Mamata Banerjee here Friday to convey her opposition to certain provisions of the land acquisition bill that is to be introduced in the winter session of parliament.

Enter Your Name and Email below and Post your comment
Name	Email:
Comment:

Please login to use this service
Usermame :
Password :
Quick signup \| Forgot Password