As if heaven has fallen on SATYAM for the truth (SATYA) blurted out by the Chairman, it is now being kicked out of the future and option trading. What does it mean ? Some new set of punters must be saying .... yum yum ..... "Let us play circuit circuit now !" It can see circuit up and circuit down now. What circuit filter will this be defined with ? I bet it shall be given the lowest grade of 5%.
Following is the NSE circular for your reference.
OPERATIONS
CIRCULAR
Circular No. NSE/F&O/002/2009 January 9, 2009
Download No: NSE/FAOP/11866
Dear Members,
Exclusion of futures and options contracts in SATYAMCOMP
Members are advised to note that due to the recent developments in M/s. Satyam Computers Services Limited, the Exchange has decided to exclude the said scrip from equity derivatives segment. Thus, fresh month contracts will not be introduced for the expiry month April 2009 on the expiration of January 2009 contracts. All existing contracts i.e. contracts with expiry dates February 26, 2009 and March 26, 2009 will expire on January 29, 2009. Accordingly, no futures and options contracts will be available in the underlying SATYAMCOMP for trading from January 30, 2009 onwards. The methodology for position adjustments shall be separately intimated by NSCCL.
The security will continue to be available for trading in the capital market segment.
This circular shall be effective from January 30, 2009.
For and on behalf of
National Stock Exchange of India Limited
Suprabhat Lala
Asst. Vice President
Sunday, 11 January 2009
SATYAM soon out of Futures and Options
FUTURES & OPTIONS SEGMENT
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