NSE and SGX to explore listing more India-linked products on SGX Link

SGX to offer Nifty options, related products Link

With such low volumes, one doubts the success of Options being listed on SGX.

Quote:

The total trading volume of Nifty-linked Futures on NSE in 2009 was 167 million contracts, representing a daily average of 687,000 contracts and the trading volume of Nifty-linked Options on NSE in 2009 was 321 million contracts representing a daily average of 1,321,000 contracts. “ Total trading volume of SGX Nifty in 2009 was 7.1 million contracts, representing a daily average of 29,524 contracts.

Maybe NSE is expecting something from SGX in future...






... like it is being done with the CME (Chicago Merchantile Exchange)

National Stock Exchange of India and CME Group Announce Cross-Listing Relationship

extract from the press release:

Quote:

Under the cross-listing arrangements, the S&P CNX Nifty Index (the Nifty 50), the leading Indian benchmark index for large companies accounting for 22 sectors of the Indian economy, will be made available to Chicago Mercantile Exchange (CME), for the creation and listing of U.S. dollar denominated futures contracts for trading on CME, and the rights to the S&P 500® and Dow Jones Industrial Average™ (DJIA®) will also be made available to NSE for the creation and (subject to regulatory approval) listing of Rupee-denominated futures contracts for trading on NSE. “S&P Indices has a successful, twenty-seven year relationship with the CME Group in the U.S. futures market, and a strong ten year association with the NSE in developing stock market indices in India,” says Alexander Matturri, Executive Managing Director at S&P Indices. “We are certainly pleased to be working with both of our longtime exchange partners to help Indian investors gain greater access to the U.S. equity markets as determined by the S&P 500, an index with nearly $1 trillion directly indexed to it.”

I hope they match the US timings too...

means......

we may trade dow in india ?

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Who has seen the wind.....

Why are they doing this

Nse is taking every possible step to make the life of a trader miserable.

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Those who know,Don't Talk.Those who Talk,Don't Know.

Originally Posted by Cac

means...... we may trade dow in india ?

unbelievable but true

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You want to be yourself, idiosyncratic; the collective (school, rules, jobs) wants you generic to the point of castration - Nassim Nicholas Taleb

posts like this should become common in this forum in near future....


Raj bro, why do u think such step by NSE will make a trader's life miserable?

On some days, if I itch to trade Dow, I have no option but MCX Crude oil - last few days it was simply mirroring Dow
I guess, u are referring to the timings, IF they extend it to 10pm or something. I feel, in such case, the whole mkt need not be open - just Dow Futs to be traded; just like SGX Nifty which trades in second (evening) shift

seems like NSE is also interested to cut competition, and make the first step:

Quote:

Additionally, when MCX Stock Exchange gets Sebi nod to start equity trading, investors could also get to trade in products based on London’s FTSE Index. MCX-SX has already tied up with the owners of the FTSE Index for India-centric products.

Huh!!!

Without a "phoreinnn" account we can trade internationally!!!

Eurekaaaaaaa!!!!

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Money doesn`t bring success. But the freedom to make it will!

Originally Posted by alder

Huh!!! Without a "phoreinnn" account we can trade internationally!!! Eurekaaaaaaa!!!!

ekjatly ... I had the same reaction, j sir men aa raha hun

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You want to be yourself, idiosyncratic; the collective (school, rules, jobs) wants you generic to the point of castration - Nassim Nicholas Taleb

But there r a few catches also Alex and Alder,

It will be traded in Indian Rupees so u will need to see price and lot size.

Liquidity can be a problem as SGX NF is illiquid.

Plus , i think u will need a permission node from broker/sebi to trade them probably.

I will need to inquire IB infact if they allow intradays with DAX , EuroNext or Eminis.

Darshiit

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If we are missing anything. Notify us.

Why dont you take IB franchisy darsh.

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You want to be yourself, idiosyncratic; the collective (school, rules, jobs) wants you generic to the point of castration - Nassim Nicholas Taleb