Manwani is also the global executive advisor to Blackstone Private Equity group.
He serves on the board of directors of Qualcomm Incorporated, Gilead Sciences, Nielsen Holdings, Whirlpool Corporation, Economic Development Board (EDB) of Singapore and is the chairman of the executive board of the Indian School of Business. *********** NSE derivatives access to US clients enabled *
National Stock Exchange of India (NSE) today said it has become the first Indian stock exchange to be granted the Part 30 exemption from Commodity Futures Trading Commission (CFTC), that will enable exchange members to trade in derivatives for US clients.
The CFTC issued a Part 30 exemptive order to the NSE as part of its programme of regulatory deference to foreign regulatory frameworks. Part 30 exemptive programme of CFTC provides US customers with increased access to foreign futures markets, NSE said in a statement here.
The order issued to NSE permits its members to accept US customer funds directly for the purpose of trading in futures and options contracts on NSE without the members having to register with the CFTC as a futures commission merchant.
The relief is based on the finding by the CFTC that the local laws and regulations in India applicable to NSE members provide a comparable level of customer protection, including licensing standards, minimum financial requirements, and robust compliance programs, it said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)