The Securities and Exchange Board of India (Sebi) will not only permit interest rate futures from January 2009 but also allow corporate bonds to be traded in exchanges in next 3-4 months, says Dr T C Nair, wholetime member, Sebi.
Also, with separate exchange for derivatives in place, India could create a suitable regulatory framework on lines of exchanges for derivatives in economies of scale to deepen and broadbase their acceptance with subscribers as a result, daily trading could breach volumes in lakhs of crores.
