Come Monday, two futures contracts on the NSE nifty and denominated in US dollar will start trading on the Chicago Mercantile Exchange (CME). While one contract, E-mini Nifty Futures, will be valued at $10 times the current value of nifty index on the NSE, the other one, E-micro nifty futures, will be valued at $2 times the nifty index value at that time.
Investors globally will have the option to trade in nifty contracts for almost 23 hours on all trading days, an NSE release said. In addition, since nifty contracts are also traded on the Singapore Exchange (SGX) and it has a mutual offset agreement with CME, investors can take a position on any of the two bourses and offset it at the other exchange, releases from CME and NSE said.
These two new contracts are intended to give global investors a more efficient means to gain exposure to India-related asset classes. They can also trade the contracts to hedge their risks from existing exposure to the Indian stock market, a release from NSE said.
Investors globally will have the option to trade in nifty contracts for almost 23 hours on all trading days, an NSE release said. In addition, since nifty contracts are also traded on the Singapore Exchange (SGX) and it has a mutual offset agreement with CME, investors can take a position on any of the two bourses and offset it at the other exchange, releases from CME and NSE said.
These two new contracts are intended to give global investors a more efficient means to gain exposure to India-related asset classes. They can also trade the contracts to hedge their risks from existing exposure to the Indian stock market, a release from NSE said.
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