Eligibility criteria for selection of new & existing Future and option stocks:

Futures and options contracts may be introduced on new securities which meet the below mentioned eligibility criteria. Subject to approval by SEBI.

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1.The stock shall be chosen from amongst the top 500 stocks in terms of average daily traded value in the previous six months on a rolling basis.

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2.The stocks median quarter-sigma order size over the last six months shall be not less than Rs. 25lakhs.

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3.The market wide position limit in the stock shall not be less than Rs. 500crores on A rolling basis

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4.The average daily delivery value in cash market shall not be less than Rs. 10crores in the previous six months on A rolling basis.

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5.If an existing security fails to meet aforesaid continued eligibility criteria for three months consecutively, then no fresh month contract shall be issued on that security.

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However the existing unexpired contracts may be permitted to trade till expiry and new strikes may also be introduced in the existing contract months.

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