NATIONAL STOCK EXCHANGE OF INDIA LTD. Launch of Currency Derivative Segment. Exchange has received approval from SEBI for setting up Exchange traded currency futures segment. Trading in the segment shall commence w. In pursuance of Trading Regulations of the Exchange, the Exchange notifies the following for the Currency Derivatives Segment: In order to encourage active participation in the Currency Derivatives segment, it has been decided that no transaction charges will be levied on the trades done in the Currency Derivatives segment of the Exchange from August 29, till September 30, However, every Trading Member participating in trading in the Currency Derivatives segment at any time during the above period shall be required to make a lump sum contribution of Rs.

Members may kindly make special note of the following two points: This circular shall be effective from August 29, For any clarifications, members are advised to contact the following officials: Altaf Shaikh , Mr Vikramaditya Delima and Mr.

Arvind Goyal on and For and on behalf of. National Stock Exchange of India Limited. In pursuance of the Trading Regulations of the Exchange, it is hereby notified as under: USDINR Futures contract shall be futures contracts based on the US Dollar to Indian Rupees Exchange Rate. Underlying currency for the USDINR Futures contract shall be the exchange rate in Indian Rupees for US Dollars.

The contract descriptor for the USDINR Futures contract will be: In pursuance of the Trading Regulations of the Exchange, it is hereby notified that the contract cycle for USDINR futures will be as follows: USDINR futures contracts will have a 12 month trading cycle.

Lot sizes reduced for various NSE F&O Contracts « Z-Connect by Zerodha

A new contract will be introduced after 12 noon on the last trading day of the near month contract. In pursuance of the Trading Regulations of the Exchange, it is hereby notified that USDINR futures contracts shall expire two working days prior to the last business day of the expiry month.

The currency futures contracts shall expire at 12 noon on the expiry day. In pursuance the Trading Regulations of the Exchange following trading parameters and order attributes are specified for the Currency Derivatives segment: Permitted lot size for USDINR future contracts shall be US dollars.

Members shall place orders in terms of number of lots.

revision in f&o lot sizes | Revised Futures lot | F&O lot sizes

Price steps for contracts. Price steps in respect of all currency futures contracts admitted to dealing on the Exchange shall be Rs.

Quantity Freeze for Currency Futures Contracts shall be lots or greater i. In respect of orders which have come under quantity freeze, the members would be required to confirm to the Exchange that there is no inadvertent error in the order entry and that the order is genuine. On such confirmation, the Exchange may approve such order.

Base price of the USDINR Futures Contracts on the first day shall be the theoretical futures price. The base price of the Contracts on subsequent trading days will be the daily settlement price of the USDINR futures contracts. Price ranges of contracts. There shall be no daily price bands applicable for Currency Futures contracts.

In respect of orders which have come under price freeze, the members would be required to confirm to the Exchange that there is no inadvertent error in the order entry and that the order is genuine.

On such confirmation, the Exchange may take appropriate action. Trading members will be permitted to modify trades with respect to Client Codes. Requests for trade cancellation, if any, permitted by the Exchange will be allowed on the same trading day during the Normal Market Hours.

In pursuance of Trading Regulations of the Exchange, it is hereby notified that the following days shall be observed as market holidays during the calendar year for the Currency Derivatives Segment.

Diwali Amavasya Laxmi Pujan. In pursuance of the Trading Regulations of the Exchange, trading hours for the Currency Derivatives Segment are given below: Extension of Market hours.

The Exchange may extend the trading hours on any day for any reason that the Exchange may deem fit. Market closed for trading. Password and expiry period for password. In pursuance of the Trading Regulations of the Exchange, it is hereby notified that the password expiry period is 14 calendar days reckoned from the end of the day the password was reset last.

All trading members shall have to reset their passwords after the expiry of 14 calendar days from the end of the day the password was last reset. The default password to log on to the NEAT-CDS for the first time shall be NEATCD.

Trading members may also note that for any subsequent log on to the NEAT CDS, they shall have to enter their own password. Trading in Currency Derivatives through NEAT CDS shall not be in terms of quantity; instead it shall be in terms of number of lots.

The lot size for USDINR contracts is USD. For example, if member desires to buy USDs then he should place a buy order with 5 as quantity in NEAT CDS instead of The prices in Currency Derivatives segment shall be displayed, traded and reported with 4 decimal places instead of 2.

For example, Rs Price steps for contracts Price steps in respect of all currency futures contracts admitted to dealing on the Exchange shall be Rs.