BSE changes expiry day of Bankex Index derivatives contracts to Monday
BSE, the prominent stock exchange in India, has announced to change the expiry day of all futures and options contracts of its banking index S&P BSE Bankex to Monday effective October 16.
At present, the derivatives contracts of BSE Bankex expire on Friday.
“Based on the feedback received from diversified set of Market Participants, the Expiry Day of S&P BSE BANKEX derivatives contracts in equity derivatives segment will be revised to Monday Expiry effective October 16, 2023,” BSE said in a circular on Wednesday.
If the expiry day is falling on a trading holiday, then the expiry day will be the previous trading day.
BSE also informed that all the existing contracts of BSE Bankex with expiry day as Friday will expire on October 13, 2023, end of day and will not be available for trading w.e.f October 16, 2023.
The new contracts of BSE Bankex with Monday expiry will be generated on October 13, 2023 end of day and will be available for trading w.e.f October 16, 2023.
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Updated: 30 Aug 2023, 01:54 PM IST
