How the lot size and the lot price is decided in the future trading in stock market?

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How the lot size and the lot price is decided in the future trading in stock market?

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pls clik on- http://www.nseindia.com/ Selection Criteria Eligibility Criteria for selection of Securities and Indices The eligibility of a stock / index for trading in Derivatives segment is based upon the criteria laid down by SEBI through various circulars issued from time to time. The latest circular issued in this respect is circular No. : SEBI/DNPD/Cir-31/2006 dated September 22, 2006. Based on various circulars, the following criteria will be adopted by the Exchange w.e.f September 22, 2006, for selecting stocks and indices on which Futures & Options contracts would be introduced. 1. Eligibility criteria of stocks * The stock shall be chosen from amongst the top 500 stocks in terms of average daily market capitalisation and average daily traded value in the previous six months on a rolling basis. * The stock’s median quarter-sigma order size over the last six months shall be not less than Rs. 0.10 million (Rs. 1 lac). For this

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