Singapore Nifty, Singapore Stock Exchange, sgx nifty

Posted by dreamboy_shani on March 15, 2010

Mumbai: In a train, which was able to increase its lead to substantial market share against its larger rival, the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), with the futures market leader in the world of Chicago Mercantile Exchange (CME), required to initiate Nifty derivatives denominated in U.S. dollars.
In return, they can receive NSE to create rights and the list of futures contracts denominated in rupees in the S & P 500 and Dow Jones Industrial Average. Both are subject to the approval of the capital of India, the regulator, the Securities and Exchange Board of India (SEBI).

“This collaboration will allow CME Group with the Nifty 50, and may eventually include other products in India through various asset classes available to the larger community of traders and investors,” said Ravi Narain, CEO and CEO of SES.

CME Group CEO Craig Donohue said the partnership with NSE continue to expand access to their most active customers in foreign markets.

After listing on the CME, Nifty is traded throughout the day that a transparent pricing throughout the day, experts say. Each market is evolving global event that occurs when markets are closed in India, can now be recorded and reflected in prices. This will avoid significant disruptions in the morning, according to experts.

Currently U.S. dollars called Nifty futures trading on the Singapore Exchange (SGX) for 16 hours, from 9 to watch Singapore Singapore 1 hours the following day. 6:30 Indian Standard Time (IST) IST to 10:30 pm, as Singapore is in an area two and half hours ahead of India.

What is the duration of contracts is Nifty CME is not known. Most of the contracts, as the Dow and S & P futures trading for 23 hours.

“Nifty is one of the most popular indices are traded in the case, there is great interest in the Indian market to U.S. investors. It will be a clock tower of the index, better prices,” said Rajiv Verma, senior analyst from brokerage India Infoline Ltd.

In the context of the list of agreements, the S & P CNX Nifty Index (Nifty be 50) are available for the creation and listing of dollar-denominated CME futures contracts for trading on the CME.

The end of 2007, BSE, the oldest exchange in Asia with the U. Futures Exchange S. attached to a U.S. dollar DAX futures denominated list, but the attempt failed because the interests of investors.

The futures contract on the benchmark BSE in accordance with the DAX, has contributed to U.S. investors to participate directly in the capital of India without the permission of the American Depositary.

NSE could get a better reception from investors. “The Nifty products are persecuted all over the world. I hope to be quite fluid,” said Manish Sonthalia of Motilal Oswal Financial Services Ltd, a Mumbai-based brokerage.

Development Index in July, MCX Stock Exchange (MCX-SX), the third player in Arena capital share a partnership with the UK FTSE products for the Indian stock market.

-SX MCX, promoted by Financial Technologies Ltd and Multi Commodity Exchange Ltd. (MCX), currently operates a trading platform for currency futures and is half the market in this sector. The exchange expects regulatory approval for marketing.

Once NSE trade rupee-denominated Dow Jones and S & P 500 futures contract begins, “people do not stay awake and look for indications in the U.S. market. Now Dow and S & P market very local, “said Verma, India Infoline.

The measure is expected to strengthen further the quasi-monopoly in the derivatives segment of NSE.

NSE offers trading in shares of 233 in the futures and options segment and BSE-327 offers trading in equities.

The average daily turnover realized cash segment on the two stock markets in February has been RS17, 104 crore. The derivatives trading was almost five times the size of Rs81, 952 crore.

Trading volume on the BSE derivatives segment is almost zero. However, about one-quarter spot market, its market share of around 7%.