Exclusion of FNO Contract on FRL
Exclusion of futures options contracts for new expiry months in FRL (Future Retail Limited) will not be issued on expiry of existing contract months. However, the existing unexpired contracts of expiry months November 2013, December 2013 and January 2014 would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months.
Accordingly, no contracts shall be available for trading in the above mentioned security with effect from 31 January 2014.
Exclusion of futures and options contracts in FINANTECH
Exclusion of futures options contracts (F&O Segment) : Futures and options contracts on FINANTECH (Financial Technologies India Ltd) will not be available for trading with effect from 01 Nov 2013. All Existing contracts of equity derivatives of Finantech (Oct 2013, Nov 2013 and Dec 2013) will expire on 31 Oct 2013. Refer NSE Circular Ref. No : 075/2013 dated 30 Sep 2013
Here is the extract of above circular of National Stock Exchange of India for exclusion of FINANTECH from equity derivatives segment in Futures and Options Contracts.
Sub: Exclusion of futures and options contracts in FINANTECH
Members are advised to note that in line with SEBI circular Ref. no. SMDRP/DC/CIR-13/02 datedDecember 18, 2002, the exchange has decided to exclude M/s. Financial Technologies (IndiaLimited from the equity derivatives segment. All existing contracts i.e. contracts with expiry dateOctober 31 2013, November 28, 2013 and December 26, 2013 shall expire on October 31, 2013No futures and options contracts shall be available in M/s. Financial Technologies (India) Limited for trading in the equity derivatives segment from November 01, 2013 onwards.
For and on behalf of National Stock Exchange of India Limited
Exclusion of Futures Options Contract Dena Bank & Vijaya Bank
Exclusion of Futures & Options Contract are carried out periodically by National Stock Exchange of India. Such exercise of exclusion of futures & Options Contracts is based on the stock selection/exclusion criteria as prescribed by SEBI Master circular No CIR/MRD/DRMNP/11/2013 dated April 01, 2013.
NSE circular No 68/2013 dated 19 Sep 2013, contracts for new expiry months in the securities of DENABANK and VIJAYABANK will not be issued on expiry of existing contract months.
However, the existing unexpired contracts of expiry months of Sep 2013, Oct 2013 and Nov 2013 would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months. It means if the price of these securities move in either direction in big way, new options contracts will be introduced as usual till the expiry of November contracts.
Accordingly, no contracts shall be available for trading in the securities of VIJAYABANK and DENABANK with effect from 29 Nov 2013.
After Exclusion of Futures & Options Contract – both Vijaya bank and Dena Bank will be available for trading in equity segment only.
Exclusion of securities from futures and options segment cause short term volatility as traders will adjust their positions before the expiry of the contracts. There may be wild fluctuations in short term depending on the positions traders hold.