BSE will make F&O expiry on Friday instead of Thursday

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An exercise to challenge NSE in derivatives trading

MUMBAI: Bombay Stock Exchange-BSE has decided to make the last day of expiry-trend on Friday instead of Thursday in order to boost its derivatives trading and encourage more traders to trade in this segment and compete with rival NSE to boost trading in Sensex, Bankex indices. Which will be applicable for weekly, monthly and long term contracts.

While the National Stock Exchange (NSE) remains the leader in derivatives trading, there have been various attempts by BSE to increase the trading volume in its derivatives segment from time to time considering the relative disincentives for traders to operate in the BSE derivatives segment.

As part of this, BSE has decided to change the expiry date for its monthly, weekly and long-term futures and options contracts from Thursday to Friday from May 15, 2023 this year. If Friday falls on a trading holiday, the expiry day will be the previous day instead of Friday.

Meanwhile, the lot size of Sensex futures and options contracts has also been reduced from 15 to 10 by BSE. While it has been decided to reduce the lot size of the Bankex index from the present 20 to 15. All existing S&P BSE SENSEX (weekly, monthly and long-term dated) contracts and all S&P BSE Bankex contracts expiring on Thursday, May 12, 2023, have now been decided on Friday, May 15, 2023.

It may be mentioned that the lot sizes of BSE's rival National Stock Exchange (NSE) Nifty and Nifty Bank are 50 and 25 respectively. Both are prevalent in derivatives contracts and their expiry day is Thursday.

It is worth mentioning that, earlier MD of BSE. And CEO Sudarramane Ramamurthy said, BSE is planning to re-introduce the Sensex 30 derivatives after getting feedback from members. Last week NSE changed the expiry date of its Nifty Midcap Select Index.

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