Date:03/11/2005 URL: http://www.thehindubusinessline.com/2005/11/03/stories/2005110302630900.htm

Back `Global exchanges keen on Nifty futures trading'

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GLOBAL QUERIES: (From left) Mr Rajnikant Patel, Managing Director & CEO, Bombay Stock Exchange, Mr Taiza Nishimuro, Chairman, WFE-Tokyo Stock Exchange, Mr Massino Capuano, Vice-Chairman, WFE-Borsa Italiana SpA, and Mr Ravi Narain, Managing Director & CEO, National Stock Exchange, at a press conference in Mumbai on Wednesday. - Shashi Ashiwal

Mumbai , Nov. 2

THE National Stock Exchange has been receiving queries from international stock exchanges seeking permission to start derivatives trading in S&P CNX Nifty index of the exchange, Mr Ravi Narain, Managing Director of NSE, said.

Talking to newspersons after attending a meeting of the World Federation of Exchanges here on Wednesday, Mr Narain said, "There have been queries from various international stock exchanges for derivatives trading on Nifty." Trading in Nifty futures has already started on Singapore Stock Exchange (SGX) last month. He said the response was initially low on SGX.

The meeting of the World Federation of Exchanges — a trade association of about 60 regulated financial exchanges — was hosted jointly by the BSE and the NSE.