The futures and options contract of the Bombay Stock Exchange’s (BSE) benchmark index, Sensex, will be launched on Eurex, the international derivatives exchange promoted by Frankfurt-based Deutsche Boerse, on October 4.
The contracts will be denominated in US dollars and settled in cash. The futures would have expiry dates of the three nearest months, and the following March, June, September and December, BSE said in a release today. Two market-making schemes will be in effect until the end of December 2011 — one to support liquidity during the overlap of Indian and European trading hours, and the other for European market hours only.
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