Markets

Sensex futures set to launch in the US

By Nick Ferguson | 27 March 2008
Keywords: us futures exchangebombay | stock

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The Chicago-based US Futures Exchange is going live with Sensex contracts in April.

The US Futures Exchange (USFE) is ready to launch futures contracts on the Sensex, India's benchmark equity index, on April 4.

Officials from the Bombay Stock Exchange (BSE) approached counterparts at the US bourse last year to discuss the possibility of creating US dollar-denominated futures contracts and, in November, the two parties signed a licensing agreement. That deal paved the way for US investors to take part in the booming Indian equity market without the need for American depositary receipt authorisation.

Since then the US exchange, which is making its first ...

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