| Commodity bourses must follow PMLA norms: FMC | 24-NOV-09 |
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| In order to step up the regulatory grip on commodity derivatives market, Forward Markets Commission (FMC) has recently instructed bourses to ensure compliance of the Prevention of Money Laundering Act 2002 (PMLA) by their members. “This is more of a pre-emptive step to prevent unscrupulous money coming into our (commodity futures) market,” BC Khatua, chairman, FMC, said. |
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| A V Rajwade: Currency derivatives | 23-NOV-09 |
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| In an article published earlier this month (For that perfect hedge, November 7), I had argued that all plain vanilla currency derivatives should be traded on exchanges to provide price transparency and guaranteed settlements; and that complex derivatives/structured products should be traded over-the-counter only on the basis of full cash collateralisation, on daily mark-to-market basis. |
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| F&O Outlook: Expect firework in Dec series | 21-NOV-09 |
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| The Nifty had completed its technical formality on Friday by closing above the resistance levels of 5,060 to keep the current bull-run moving. The index however expected to face resistance above the 5,100 levels next week. The SGX Nifty futures was down by over 50 points over the official close of 5,077 in the over the counter (OTC) session on Friday. The US and European markets closed more or less in a Doji pattern indicating indecisiveness among participants. If this weakness continues then we may see the gap down opening for the Nifty on Monday. |
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| IRDA mulls allowing life insurers to invest in derivatives | 18-NOV-09 |
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| The Insurance Regulatory and Development Authority (IRDA) is considering allowing life insurers to invest part of policy holders' money in equity derivatives, a move that would allow these firms to hedge the risks emanating from cash markets. |
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| F&O Outlook: Nifty to hit new high | 14-NOV-09 |
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| The FIIs long build-up in the Nifty futures and short covering in stocks futures during the week ended November 13 augur well for the market. The Nifty expected to hit a new high in the coming week if it crosses a crucial resistance at 5,060. On the down side the 4,940 is healthy support and below that 4,860 is the crucial support level. The Nifty rose over four per cent during the week largely due to short covering from the foreign investors in Nifty futures and stocks futures. |
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| Exchanges get free hand to fix derivatives expiry | 14-NOV-09 |
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| The Securities and Exchange Board of India (Sebi) today gave stock exchanges the freedom to set the expiry day for their equity derivatives contracts. Earlier, the regulator had set the last trading Thursday of every month as the expiry day for derivative contracts. |
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| RBI says banks didn't follow rules | 12-NOV-09 |
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| The Reserve Bank of India (RBI) has pointed out serious lapses in the way banks sold derivative products in 2007 and 2008. This is part of RBI’s reply to a questionnaire sent by the Central Bureau of Investigation (CBI). The Orissa High Court had last year asked the CBI and the Enforcement Directorate to submit a report on the derivative losses incurred by the industry last year. |
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| ICICI Bank to act as clearing bank for SMX | 12-NOV-09 |
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| The country's second-largest lender, ICICI Bank, today entered into an agreement with the Singapore Mercantile Exchange (SMX) for providing clearing and settlement processing services to traders on the exchange. |
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Content Guide
