Standard & Poor's Brings the S&P 500 to India
For index enthusiasts keen on diversifying and trading the US in addition to Nifty there is good news.
Standard & Poor's, the world's leading index provider, announced today that it has licensed the National Stock Exchange of India (NSE), the largest stock exchange in India, to create and list Indian Rupee-denominated futures contracts on the S&P 500 (subject to regulatory approvals).
The licensing agreement, jointly from S&P and S&P-licensee Chicago Mercantile Exchange to NSE, is part of a landmark cross-listing arrangement announced today by CME Group, the world's leading and most diverse derivatives marketplace, and NSE that covers benchmark indices for U.S. and Indian equities. The Rupee-denominated S&P 500 futures contracts will be made available on NSE via a sublicense from Standard & Poor's.
The entire details can be found here:
http://www.hedgeweek.com/2010/03/11/38506/standard-poor%E2%80%99s-brings-sp-500-india
Sunday, April 11, 2010
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