Eurex is to collaborate with the Bombay Stock Exchange and list futures and options on the Sensex equity index on October 4. The Sensex future is the BSE’s only liquid contract.
The new contracts will be denominated in dollars and cash-settled. The futures will have maturity dates of the three nearest months and the following March, June, September and December.
Eurex will waive trading and clearing fees until April 1, 2011, TRADEfees reports. Two market-making schemes will run until the end of December 2011 – one to support liquidity during the overlap of Indian and European...