Eligibility criteria for stock derivatives tightened, with strengthened cash market thresholds and a product success framework enforcing exits. Stocks qualify for single stock derivatives only if they meet enhanced cash market thresholds on a continuous six month rolling basis, including top market capitalisation ranking, higher Median Quarter Sigma Order Size, increased Market Wide Position Limit, and raised Average Daily Delivery Value. Eligibility on any exchange confers derivatives access across exchanges, with VWAP based settlement. Failure to meet any criterion for three continuous months (post gestation) triggers exit; excluded stocks cannot be re included for one year. A Product Success Framework imposes participation, trading days, turnover and notional open interest minimums; non compliance similarly curtails issuance of new contracts while existing contracts may run to expiry.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Eligibility criteria for stock derivatives tightened, with strengthened cash market thresholds and a product success framework enforcing exits.
Stocks qualify for single stock derivatives only if they meet enhanced cash market thresholds on a continuous six month rolling basis, including top market capitalisation ranking, higher Median Quarter Sigma Order Size, increased Market Wide Position Limit, and raised Average Daily Delivery Value. Eligibility on any exchange confers derivatives access across exchanges, with VWAP based settlement. Failure to meet any criterion for three continuous months (post gestation) triggers exit; excluded stocks cannot be re included for one year. A Product Success Framework imposes participation, trading days, turnover and notional open interest minimums; non compliance similarly curtails issuance of new contracts while existing contracts may run to expiry.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
