MARKET watchdog Sebi on Tuesday announced a volley of measures to strengthen the index derivative framework by making it less lucrative for retail investors who have been heavily losing in this front, by raising minimum lot size or trading amount by three times and also reducing the number of expiries per exchange to weekly from every day now.
These measures will be effective November 20 and the regulator has asked each exchange to provide only derivatives contracts for one of its benchmark indices, and on a weekly expiry model. The Sebi in a circular issued a day after a board meeting, on Tuesday, said the minimum trading amount for derivatives will be 15 lakh, up from present 5-10 lakh, which will later be raise to 20 lakh.
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