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NSE to launch European style stock option contracts

The National Stock Exchange (NSE) has decided to switch to European style stock option for all contracts expiring on January 27, 2011 and onwards. The decision comes close on the heels of the market regulator giving exchanges the flexibility to offer either European style or American style stock options contracts. "All stock options contracts expiring on January 27, 2011 and onwards shall have European exercise style only," said a NSE circular. "Accordingly there shall be no interim exercise available for all stock options contracts expiring on January 27, 2011 and onwards ...