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Equities

Equities

Equities

Sensex Futures

S&P BSE SENSEX, first compiled in 1986, was calculated on a “Market Capitalization-Weighted” methodology of 30 component stocks representing large, well- established and financially sound companies across key sectors. The base year of S&P BSE SENSEX was taken as 1978-79. S&P BSE SENSEX today is widely reported in both domestic and international markets through print as well electronic media.

 

Contract

Parameters

Contract Symbol

DBSX

Underlying

S&P BSE Sensex Index

Contract Size

1 S&P BSE SENSEX

Notional Contract Value

(Price * Contract Size) in USD

Trading Currency

USD

Settlement Currency

USD

Price Quote

Underlying price expressed in USD ((example: Bid: 28500 / Ask 28505)

Tick Size

1

Tick Value

USD 1

Settlement Basis

Cash Settled

Final Cash Settlement Price

Based on the official market closing price of the S&P BSE SENSEX index as published by Asia Index Pvt. Ltd. Rounded to the nearest whole number

Last Day of Trading*

Last Thursday of the Calendar Month

Trading Days

Monday through Friday

Trading Hours

07:00 - 23:55 Hours Dubai time (GMT+4)

Trading Months

First two (2) serial months and 1 calendar spread

New Contract Listing

Business Day immediately following the Last Trading Day

Max Order Size

500 Lots

Initial Margin based on SPAN

(Based on SPAN, subject to change from time to time)

Calendar Spread Margin

100% benefit is offered on calendar spread positions

Daily Price Movement limit

No Limit** See Note 2

Note1*: On the last trading day the expiring contract will be disabled from trading at 14:00 Hours Dubai time (GMT +4)

 

Note 2**: For the avoidance of ‘fat finger’ errors price band shall be 500 points from previous settlement price e.g. if previous settlement price is 28300, the price band is from 27800 to 28800. Exchange shall relax the intra-day price range for the prices of the contract approaching near 500 point

 

Note 3**: On the last trading day the expiring contract will be disabled from trading at 14:00 Hours Dubai time (GMT +4)