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Monday, 1 January 2018

Future ~ One of Most Common Derivative Product

We have already discussed derivatives as whole in one of our blog posts.  

In this post we shall try to discuss Future Trading with respect to Trading at National Stock Exchange (NSE) 

NSE provides facility to trade in Future & Options Contracts in order to hedge of position in cash market. 

NSE allows to trade in 9 indices and 211 stocks as on 30/12/2017. List of these indices stocks can be found here

As per instructions of SEBI (Security Exchange Board of India) contract size of Future contract must be 5 Lakhs (liable to change from time to time) 

Contract Size = Price of underlying contract * Lot size

In order to control risk in derivative products NSE specifies SPAN Margin requirements (Standard Portfolio Analysis Risk) and in addition to that every Brokerage house also adds safety margin which is required to be maintained by trader in her/his trading account from time to time till his/her derivative position is kept open. 

On Daily basis Broker updates trader with respect to positions held (overnight) and that part is called MTM (Mark to Market) which is settled on daily cash basis.  

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Please note this blog post is for education purpose only. While utmost care is taken while writing this post but any human error cant be ruled out and we apologize for same in advance. 

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