Minimum contract value fixed at Rs 10 lakh at the time of introduction
The National Stock Exchange (NSE) has decided to launch futures contracts on India VIX -- a volatility index based on the index options prices of CNX Nifty. Trading in India VIX futures will begin from 26 February 2014, NSE said in a circular issued on Friday, 7 February 2014. The expiry of futures contracts on India VIX will take place every Tuesday. In case the Tuesday is a trading holiday, the previous trading day shall be the expiry/last trading day, the NSE circular said. All contracts shall expire at the normal market closing time on the expiry day or such other time as decided by exchange, NSE said. New futures contracts on India VIX shall be introduced for every week, after the expiry of the relevant previous week's contracts, NSE said.
The contract value of India VIX futures will be minimum Rs 10 lakh at the time of introduction of futures trading in India VIX, NSE said.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app