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Sunday, January 10, 2010

Revision in lot size for derivative contracts in individual securities mandates 2 week notice by Stock Exchanges & any increase in lot size can only be prospective

The Stock Exchanges shall review the lot size for derivative contracts on individual securities once in every 6 months based on the average of the closing price of the underlying for last 1 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. In case of corporate action, the revision in lot size of existing contracts shall be carried out as per SEBI circular SMDRP/DC/CIR-15/02 dated December 18, 2002.


Click here for the Standardised Derivative Lots size based on the Price Band of the Individual Securities as per SEBI/DNPD/Cir- 50/2010 dated 8th January 2010


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