Media Release
BSE to launch weekly contracts with Monday Expiry for S&P BSE SENSEX 50 from June 29, 2020
Mumbai, June 10, 2020: BSE in its continuous endeavour to bring innovative product offerings for market participants has decided to change the expiry of weekly contracts from existing Thursday expiry to Monday Expiry in Equity Derivatives segment which shall be effectively available from June 29, 2020. However, all other contracts (other than weekly contracts) shall continue to expire on last Thursday of the calendar month.
In addition to above, BSE has also decided to introduce Liquidity Enhancement Scheme in the Equity Derivatives segment for S&P BSE SENSEX 50 - Weekly & Monthly Futures and Options Contracts which shall be effective July 01 , 2020.
S&P BSE SENSEX 50 is a transparent, rules-based index that is designed to measure the performance of the top 50 largest and liquid stocks in the S&P BSE LargeMidCap by float-adjusted market capitalization.
Shri Sameer Patil, Chief Business Officer, BSE, said, "We are excited about the launch of weekly contracts expiring on Monday coupled with the introduction of LES in the equity derivatives segment for S&P BSE SENSEX 50. We are sure that this product shall gain wider participation and acceptance among all market participants due to its unique product offering.”
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil, Guar Gum, Guar Seeds & Turmeric.
BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the Guidelines issued by the Ministry of Finance, Government of India. BSE Investor Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.
Media Contact:
Yatin Padia / Rahul Vyas/ Shruti Nitesh
022 2272 8516 / 2272 8472/ 8108000974
Yatin.padia@bseindia.com/ Rahul.vyas@indiainx.com/ shruti.nitesh@adfactorspr.com