BSE's monthly expiry of single stock derivatives to change to 2nd Thursday from July 1

These contracts will not be available for trading from Monday, July 1, 2024, it said. The move comes as part of a partial modification to the exchange notice number dated September 8, 2021, and February 8, 2024, regarding the change in the expiry day of stock derivatives in equity derivatives segment.

The expiry day of the of single stock derivatives will change to the second Thursday of a calendar month effective July 1, 2024, on Tuesday said in a notice.

All the existing monthly contracts of stock derivatives in equity derivatives segment with expiry day as last Thursday of a calendar month (if Thursday is holiday then previous working day) will get expired on June 28, 2024, and will be removed from contract master file at end of day of June 28, the notice said further.

These contracts will not be available for trading from Monday, July 1, 2024, it said.

New contracts of stock derivatives with three serial monthly expiry days with expiry day as second Thursday of the calendar month (if Thursday is holiday then previous working day) will be generated on June 28, 2024 end of day in the equity derivatives segment for trading with effect from July 01, 2024.

There is no change in expiry day of any other contracts of the equity derivatives segment.

The move comes as part of a partial modification to the exchange notice number dated September 8, 2021, and February 8, 2024, regarding change in expiry day of stock derivatives in equity derivatives segment.

In another notice released by BSE on Tuesday, the exchange revised transaction charges for equity derivatives segment effective from May 13, 2024.

The notice said the transaction charges as per the respective current methodology for S&P BSE Sensex options and S&P BSE Bankex options will continue to be levied for the period between May 1 and May 10, 2024.

New contracts of stock derivatives with three serial monthly expiry days with expiry day as second Thursday of the calendar month

The revised charges will come into effect from May 13 for S&P BSE Sensex options and S&P BSE Bankex options. For the period between May 13, 2024, and May 31, 2024, the premium turnover of these contracts will be cumulated and the transaction charges will be levied based on the slab on the incremental turnover basis.

From June 2024 onwards, the premium turnover will be cumulated and the transaction charges will be levied based on the slab on the incremental turnover basis on the monthly basis.

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Source: Stocks-Markets-Economic Times