July 31, 2015
Press Release No. 1
The interest rate futures
markets expands with two new contracts making their debut today
With volume and open
interests in the exchange traded interest trade futures contracts (IRF)
growing, two new IRF contracts made their debut on the National Stock Exchange
(NSE) platform today. With these new products available, four different
interest bearing government securities are traded on the exchange platforms as
underlying.
The IRF contract bearing
8.27% interest and maturing in 2020, opened at Rs 101.20,
while the 7.88% contract maturing in 2030 opened at Rs
99.15. Earlier, on 28 May 2015, on 7.72% government securities started
trading on the exchange market. Apart from these contracts, the 10 year tenure
IRF contract associated with 8.4% government security is also traded.
Among the two contracts that
started today, trading in 7.88 contract was higher,
with a day end open interest standing at 6220 contracts. At the end of the day,
total trading in the IRF segment at NSE stood at Rs 1887.37 Crores of which
these two contracts accounted for Rs 477.40 crores.
“The 6yr and 13yr tenor bond
futures gives market participants access to different
points on the yield curve. Regulators have permitted us to provide
futures across the entire spectrum of the yield curve from 91D tbills to 15 years, which is exciting. This will help
in further developing the Interest Rate Derivatives market which we believe is
still in a very nascent stage in India", said, Huzan
Mistry, chief, business development, currency and debt markets, NSE.
An Interest Rate Futures
contract is "an agreement to buy or sell a debt instrument at a specified
future date at a price that is fixed today". An IRF contract can be used
by any people to offset the risk associated with the interest rate movements.
The IRF derivative is considered to be a good hedge for changes in interest
rates. In the month of July 2015, average daily trading in IRF contracts was Rs
2246 Cr at NSE. The exchange has around 90% market share in the IRF segment.
RSVP:
Corporate
Communications
NSE,
Mumbai, India
+91 –
022 – 2659 8164
Press Release No. 2
Clarification
by Ess Dee Aluminium Limited
Significant increase in
volume has been observed in Ess Dee Aluminium Limited.
The Exchange, in order to
ensure that investors have latest relevant information about the company and to
inform the market place so that the interest of the investors is safeguarded,
had written to the company.
Ess Dee Aluminium Limited
has vide its letter inter-alia stated “That as of now the Company does not have
any information / announcement that have a bearing on the operation /
performance of the Company which include all price sensitive information in regard
to the Company that could have led to the sudden spurt on the price behavior
and volume of transactions of the Company's scrip.”
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Press Release No. 3
Market-wide Position Limit in AMTEKAUTO
The
derivative contracts in the underlying AMTEKAUTO have crossed 95% of the
market-wide position limit on Jul 31, 2015. It is hereby informed that all
clients/ members shall trade in derivative contracts of AMTEKAUTO by offsetting
their existing positions till the open interest comes down to 80% of the market
wide position limit.