BSE announced that the expiry day for monthly contracts of single stock derivatives will be changed to the second Thursday of the calendar month.
The change will come into effect from July 1, 2024.
Currently, monthly contracts get expired on last thursday of the calendar month. If it is a holiday, then it gets expired on the previous working day.
In the circular, BSE said the current existing monthly contracts for stock derivatives with last thursday as expiry day will get expired on June 28, 2024. They “will be removed from contract master file at end of day of June 28, 2024. These contracts will not be available for trading from Monday, July 01, 2024,” the BSE said.
The new stock derivative contracts with three serial monthly expiries which will have second thursday of the month as expiry day will be generated on June 28 end of the day and will be available for trading from July 1, BSE said.
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