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BSE launches arbitrage rate index in a S&P Dow Jones Indices joint venture

The index will be rebalanced every month, effective after the close of business a day prior to the expiration of the futures contract

Press Trust of India  |  New Delhi 

bse, sensex, bull

Asia Index, a joint venture between Dow Jones Indices and BSE, has launched rate

The Rate will equally weigh long positions in the Sensex and equivalent short positions in the futures contracts, said in a statement.

It will provide market participants with a transparent benchmark to compare the performance of similar strategies.

The index will be rebalanced every month, effective after the close of business a day prior to the expiration of the The expires on the last Thursday of each month.

"The index is designed to measure a 100 per cent long index weight in the Sensex total return index and a 100 per cent short index weight in the S&P Sensex futures excess return index," noted.

First Published: Tue, April 03 2018. 16:44 IST
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