Exclusion of Futures & Options Contract –
Exclusion of Futures & Options Contracts are carried out periodically by National Stock Exchange of India. Based on the stock selection/exclusion criteria as prescribed by SEBI vide circular SEBI/DNPD/1/2012 dated January 02, 2012 and revised circular SEBI/DNPD/ 3 /2012 dated July 23, 2012 and NSE circular No 042/2012 dated April 24, 2012, contracts for new expiry months in the following security will not be issued on expiry of existing contract months.
Exclusion of Futures & Options Contract – ABB
However, the existing unexpired contracts of expiry months November 2012, December 2012 and January 2013 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 February 01, 2013.
After exclusion of Futures & Options contract – ABB, it shall be available for trading in equity segment only.
Circular details issued by NSE are appended below for ready reference, which can be downloaded from exchange website too
NATIONAL STOCK EXCHANGE OF INDIA LIMITED
DEPARTMENT : FUTURES & OPTIONS
Download Ref No : NSE/FAOP/22135 Date : November 19, 2012
Circular Ref. No : 083/2012
All NSE Members,
Sub: Exclusion of Futures & Options contracts on ABB.
One can expect volatility in the stock of ABB in near future due to the adjustment of positions by traders due to Exclusion of Futures & Options contracts in it