Accessibility Links
To include more than one recipient, please separate each email address with a semi-colon ';'
You may email your comment to a friend To include more than one recipient, please separate each email address with a semi-colon ';'
Deutsche Börse and Bombay Stock Exchange (BSE) have agreed a deal that will see the German bank act as an exclusive worldwide sales partner for all indices of BSE. The Indian exchange revealed that it hopes to attract European and American investors to trade its flagship index, the Sensex index, that tracks the Indian stock market.
“The objective of the index cooperation agreement is to make Sensex and other BSE indices available to investors in Europe and America”, said Rajnikant Patel, managing director and CEO of BSE.
Deutsche Börse acquired a 5% stake in BSE with both parties agreeing to explore ways of strengthening their collective competencies across a broad spectrum of business areas.
The deal was hailed by Deutsche Börse. “The Sensex index is a leading benchmark for the Indian sub-continent and we are delighted to be the exclusive partner in bringing together the Indian index business and the European market. With this cooperation, we further expand our index business in the Asian markets,” said Holger Wohlenberg, managing director for market data and analytics at Deutsche Börse.
“The banks are investors too. I can’t favour investors with inside information – that’s basically what this is.”
TAM's treasurer voices frustration with Brazil’s new derivatives registration initiative.