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FAOP67134

The National Stock Exchange of India has revised the tick size for stock futures contracts, aligning it with the underlying securities in the Capital Market Segment, effective April 15, 2025. Key changes include an increase in tick size for securities priced above 1,000, with specific increments outlined for various price ranges. Members are advised to update their trading applications accordingly and the revision will apply to all expiries of stock futures.

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22 views2 pages

FAOP67134

The National Stock Exchange of India has revised the tick size for stock futures contracts, aligning it with the underlying securities in the Capital Market Segment, effective April 15, 2025. Key changes include an increase in tick size for securities priced above 1,000, with specific increments outlined for various price ranges. Members are advised to update their trading applications accordingly and the revision will apply to all expiries of stock futures.

Uploaded by

dhinesh subramaniam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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National Stock Exchange of India Limited

Circular
Department: FUTURES & OPTIONS

Download Ref No: NSE/FAOP/67134 Date: March 13, 2025

Circular Ref. No: 38/2025

All Members,

Revision in tick size of Stock Futures in F&O Segment - Update

This is in partial modification to Exchange circular NSE/FAOP/62175 dated May 24, 2024 regarding revision in
tick size applicable for stock futures contracts. Further Exchange vide circular number NSE/CMTR/67133 dated
March 13, 2025 has informed about revision in tick size for securities in Capital Market Segment (CM) of NSE.
The stock futures shall have the same tick size as applicable for underlying security in CM Segment. Members
may note the revised the tick size for stock futures as follows:-

Security Price
Current Tick Size Proposed Tick Size
From To
Below 250 0.01 0.01 (unchanged)
250 1,000 0.05 0.05 (unchanged)
> 1,000 5,000 0.05 0.10
> 5,000 10,000 0.05 0.50
> 10,000 20,000 0.05 1.00
> 20,000 0.05 5.00

The above will be effective from the trade date of April 15, 2025. The first revision of tick size as per the
proposed tick size for stock futures contracts shall be undertaken on April 11, 2025 (EOD) based on closing
price on the last trading day in CM Segment on March 28, 2025.
National Stock Exchange of India Limited
Thereafter, Exchange shall review the tick size on monthly basis on the last trading day of the month and shall
determine the tick size, which shall be made applicable for the next month.

All other provisions mentioned in the aforesaid circulars shall remain unchanged.

The following additional points are to be noted :-

➢ The revision in tick size will be made applicable for all the expiries i.e. Near-Month, Middle Month and
Far-Month.

➢ The Options contracts on Stock derivatives contracts shall continue to be available for trading with a
uniform tick size of Rs 0.05 or 5 paisa.

➢ Members are advised to load the updated contract.gz/spd_contract.gz/


NSE_FO_contract_ddmmyyyy.csv.gz/NSE_FO_spdcontract_ddmmyyyy.csv.gz files on the trading
application before trading on the effective date. These files can be obtained from the directory
faoftp/faocommon on the Extranet server. The MII contract and spread files are also downloaded on
daily basis on NSE website on the path: https://www.nseindia.com/all-reports-derivatives.

For and on behalf of


National Stock Exchange of India Limited

Khushal Shah
Associate Vice President

Toll Free No Email id


1800-266-0050 (Option 1) msm@nse.co.in

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