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July 7, 2001
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Money > Business Headlines > Report July 7, 2001 |
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BSE to launch 31 stock options from MondayBS Markets Bureau The Bombay Stock Exchange will introduce options on 31 individual stocks from Monday, BSE sources said. The bourse has not as yet made the formal announcement, but in a circular to its members it has said that options on individual stocks will be available for trading on the derivatives trading terminal between 0930 hrs and 1530 hrs (IST) on trading days. During this session, traders can enter orders into the derivatives trading terminal for futures as well as for options, and carry on their trading activities. They can see the status of pending orders, returned orders, trades details, etc. They can view the positions at the client level, available collateral and collateral used, market summary, news, latest market information, including the underlying values, in graphical form as well as trade detail of scrips. In case of institutional clients as soon as a trade takes place, it will be shown on his custodian's terminal. Custodians can confirm these institutional trades or traders can online transfer the positions pertaining to institutional trades to the professional clearing members (PCM) / custodian clearing members using electronic position transfer entry. As soon as the PCM / CCM accept and approve the requests, the positions are transferred from the trading members to the concerned PCM / CCM. In this case, the margins and the premium obligations are also transferred to the concerned PCM / CCM and the trading members will not receive margin calls on that day on account of obligations for the transferred positions. Clearing members can allocate their collateral limits to the trading members under them. In turn, trading members can allocate their collateral limits to their trading groups, the BSE said in the circular. Powered by YOU MAY ALSO WANT TO READ:
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