New Standardized lot size for derivative contracts on individual securities.

SEBI has standardized the lot size for stock future. The revised lot size is given below:

The revised lot size will be effecice from 31 March 2010.

The Stock exchanges shall review the lot size once in every 6 months based on the average of the closing price of the last one month and whenever warrented, revise the lot size by giving an advance notice of atleast 2 weeks to the market.

If the revised lot size is higher than the existing one, it will be effective for only new contracts.

The circular is available on the SEBI website http://www.sebi.gov.in/ under Derivative-Circulars.