Where can I view futures contracts for trading in global indices?
Future contracts enabled for trading in global indices S&P 500 and DJIA as underlying, will be displayed on the site when you select contracts either through the 'Place order' link or the Stock list page on www.icicidirect.com.
Will there be separate market hours to trade in derivative contracts on these global Indices?
No, you can trade in derivative contracts on these global Indices during current Indian stock market trading hours only.
Are NRI customer allowed to trade in derivative contracts on these global Indices?
No, as per regulations NRI customers are not allowed to trade in the derivative contracts on these global Indices .
What is the tick size (minimum movement in price) or the price steps that I can take while trading in derivative contracts on these global indices?
The tick size (minimum movement in price) or price steps would be Rs. 0.25 for S&P 500 futures and Rs. 2.5 in DJIA futures.
What is the Expiry Day for the derivative contracts traded in global Indices?
For the derivative contracts traded with global Indices as the underlying, the expiry day will be the third friday of the expiry month.
When will the derivative contracts expire in case the third Friday of the month is a holiday in either USA or India?
In case the third Friday of the month is a holiday in either USA or India, the contract shall expire on the preceding business day in both USA and India in the expiry month.
What is the final settlement price for derivatives contract of global indices?
All open positions at close of last day of trading shall be settled to the Special Opening Quotation (SOQ) of the S&P 500 and DJIA Index or as may be prescribed by NSE/NSCCL from time to time.
SOQs are calculated as per normal index calculation procedures except that the values for the respective components are taken as the actual opening values for each of the component equities on either the New York Stock Exchange (NYSE) or Nasdaq.
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