New Delhi: Capital markets regulator Sebi on Monday reduced the average daily turnover required to launch options on agricultural and agro-process commodities to Rs 100 crore from Rs 200 crore earlier.
SEBI said that this change will be effective from June 1.
This decision has been taken taking into account the representations received from market participants and deliberations by the Commodity Derivatives Advisory Committee (CDAC) of SEBI.
"It has been decided that for introducing options contracts on agricultural and agro-processed commodities, the average daily turnover of the underlying future contracts of the concerned commodity during the last twelve months shall be Rs 100 crore instead of the existing Rs 200 crore." SEBI said. Will be." A circle.
With regard to the eligibility criteria for launching options on commodity futures, SEBI said options can be traded on the stock exchange only if the underlying commodity futures meet certain criteria.
For agricultural and agro-processed commodities, the average daily turnover of the underlying futures contracts should be at least Rs 10 crore in the last 12 months. For other commodities the average daily turnover should be at least Rs 1,000 crore.
SEBI said that this change will be effective from June 1.
This decision has been taken taking into account the representations received from market participants and deliberations by the Commodity Derivatives Advisory Committee (CDAC) of SEBI.
"It has been decided that for introducing options contracts on agricultural and agro-processed commodities, the average daily turnover of the underlying future contracts of the concerned commodity during the last twelve months shall be Rs 100 crore instead of the existing Rs 200 crore." SEBI said. Will be." A circle.
With regard to the eligibility criteria for launching options on commodity futures, SEBI said options can be traded on the stock exchange only if the underlying commodity futures meet certain criteria.
For agricultural and agro-processed commodities, the average daily turnover of the underlying futures contracts should be at least Rs 10 crore in the last 12 months. For other commodities the average daily turnover should be at least Rs 1,000 crore.
