Business Standard

Saturday, February 15, 2025 | 09:29 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

US Commodity Futures Trading Commission likely to okay NSE for derivatives

Exchange likely to receive 'foreign part 30' license which will enable US-based funds to deal in the F&O segment

deal, merger
Premium

Pavan Burugula Mumbai
The National Stock Exchange (NSE) is close to receiving US regulator Commodity Futures Trading Commission's (CFTC's) approval that will enable a class of hedge funds deal on its derivatives platform.
Sources privy to the development said the exchange has already completed the formalities pertaining to the process and is expecting a 'no-action' letter from CFTC in the next few weeks.
The development would give a green light to US-based hedge funds, who currently opt for offshore platforms such as Singapore Exchange (SGX) to deal in Indian derivatives.
According to the US laws, funds which pool substantial amount of money from US citizens are

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in