BSE,NSE to launch F&O series in IDFC Bank,2 others from Sep 30

Leading bourses BSE and NSE will introduce futures and options (F&O) contracts in IDFC Bank, DCB Bank and Torrent Power from next week.
In a circular, NSE said the futures and options contracts on these securities will be available for trading with effect from September 30.
F&O contracts in IDFC Bank, DCB Bank and Torrent Power will be available for trading in the equity derivatives segment effective September 30, BSE said.
Currently, there are over 200 securities available in the F&O segment for trade.
In July 2015, markets regulator Sebi had made a steep hike in the minimum investment size for any equity derivative product to Rs 5 lakh from Rs 2 lakh. Besides, the minimum lot size of an equity derivative contract had been increased to Rs 5 lakh.

A derivative is a security derived from a debt instrument, share, loan, whether secured or unsecured, or any other form of security. It also derives its value from the prices, or index of prices, of underlying securities.