BSE looks to collaborate with MSCI to bring its India index to GIFT

An email sent to BSE went unanswered. MSCI did not immediately respond to the queries sent to it

The country's premier bourse BSE is looking to collaborate with index provider MSCI for a licensing arrangement to trade MSCI India Index futures on BSE's India INX exchange at the Gujarat International Finance Tech (GIFT) City.

The talks come in the backdrop of Indian exchanges deciding to stop licensing their indices and securities to overseas bourses, a move criticized by overseas entities including MSCI, among others.

The talks are at a nascent stage and it will be a while before the two entities hammer out the details of any licensing arrangement, said sources. "BSE has begun talks with MSCI but nothing has