New Delhi: National Stock Exchange (NSE) on Monday said it will introduce five companies, including SKS Micro finance and TVS Motor Company, in the future and option (F&O) segment from Wednesday.
Besides, Eicher Motors, Motherson Sumi Systems and Mindtree would also become part of the derivative segment.
NSE in a circular said that "futures and options (F&O) contracts on these five additional securities would be available for trading with effect from September 10, 2014".
At present, there are over 200 securities available in the F&O segment for trade.
For inclusion in the derivatives segment, the stock's market wide position limit (MWPL), which is the total number of contracts a trader may have active at one time for a given underlying, should be Rs 300 crore among other criteria.
Besides, minimum order requirement for a stock to be eligible for introduction in the derivatives segment should be Rs 10 lakh.
Last month, the exchanges announced that they will drop United Spirits from the F&O segment from September 19 as the company failed to comply with listing agreements, including timely submission of financial results.
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