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

Leading bourse National Stock Exchange (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 would be available for trading with effect from September 30.
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.