NATIONAL STOCK EXCHANGE OF INDIA LIMITED
FUTURES & OPTIONS SEGMENT
CIRCULAR
Date: October 04, 2007
Circular
No.
NSE/F&O/089/2007
Download
No: NSE/F&O/9574
Dear Members,
Introduction
of futures and options contracts on
Nifty Midcap 50 Index
In
continuation to the circular NSE/F&O/086/2007 dated September 27, 2007, members are advised to note that futures and options
contracts will be introduced on Nifty Midcap 50 index for trading in F&O
segment w.e.f. October 05, 2007.
Members
are advised to note that the symbol in the contract descriptor and the
corresponding market lot in futures and options segment for the said index shall
be as follows:
|
Name of the Index |
Symbol |
Market lot |
|
Nifty
Midcap 50 |
NFTYMCAP50 |
75 |
The contract
specification and list of contracts available for trading in Nifty Midcap 50 is given
in Annexure 1.
The new contracts will be
available for trading from Friday, October 05, 2007. Members are requested to
take the latest contract.gz, security.gz
and fo_participant.gz files from NSE EXTRANET,
directory:/faoftp/faocommon
before commencing trading on October 05,
2007. A detailed list of new contracts introduced for trading (file name:CONTRACT04102007.CSV) will be available on the path faoftp/faocommon/Contracts on October 04, 2007 after market
hours.
For
any clarifications, members are advised to contact the following officials:
Mr. Janardhan
Gujaran ,
Mr. Arvind Goyal and Mr. Sachin Dhar at 26598151 / 26598152.
For and on behalf of
National Stock Exchange of India
Limited
Suprabhat Lala
Asst.
Vice President (F & O Trade)
Annexure – 1
1. Basic information :
a) Name of the Index : Nifty Midcap 50
b) Trading symbol : NFTYMCAP50
c) Base Year : January 1, 2004
d) Base Value : 1000
e) Number of Securities in Index : 50
f) Index Construction : Market capitalisation weighted
method
g) Market Coverage (market capitalisation of index as percentage of total market capitalization): 4.89% as on August 31, 2007.
h) Volume coverage (volume of index as percentage of total market volume)
: 15.21% as on August 31, 2007
i) Calculation frequency : 6 Seconds
j) Index Provider :
Limited (IISL)
k) 52 week high/low : 2611.82 / 1814.28 as on August 31,
2007
l) Quantity Freeze : 16500
m) Historical price data of index movements: The same is provided on NSE’s website at http://www.nseindia.com
Contract Specification:
|
Underlying Index |
Nifty Midcap 50 |
|
Security descriptor |
Futures : FUTIDX NFTYMCAP50 |
|
|
Options : OPTIDX NFTYMCAP50 |
|
Contract Size |
Permitted lot size shall be 75 and multiples
thereof |
|
Price steps |
Re. 0.05 |
|
Price Bands |
No Price bands |
|
Trading Cycle |
Maximum of three months – the near month, the
next month and the far month. New contract shall be introduced on the next
trading day following the expiry of near month contract |
|
Expiry day |
Last Thursday of the expiry month or the previous
trading day if the last Thursday is a trading holiday |
|
Settlement basis |
Cash settlement |
|
Style of option |
European |
List of Futures
Contracts which would be available for trading:
|
Instrument |
Symbol |
Maturity Date |
|
FUTIDX |
NFTYMCAP50 |
25OCT2007 |
|
FUTIDX |
NFTYMCAP50 |
29NOV2007 |
|
FUTIDX |
NFTYMCAP50 |
27DEC2007 |
List of Options
strikes along with their Call and Put contracts which will be available for
trading:
|
ITM |
2750 |
2800 |
2850 |
2900 |
|
ATM |
2950 |
|
|
|
|
OTM |
3000 |
3050 |
3100 |
3150 |