The Bombay Stock Exchange (BSE) has signed a licensing agreement with the International Securities Exchange (ISE) to launch derivative products in India.
The agreement is part of on-going market development efforts between BSE and Deutsche Börse Group, which includes Eurex and ISE.
BSE, as part of its Futures and Options product-basket, will seek approval from Sebi to launch derivative products for Indian investors based on innovative ISE indices.
“ISE’s indexes provide investors with equity-based exposure to highly topical investment themes, including emerging markets, widely-traded commodities and water," said Kris Monaco, Head of New Product Development at ISE.