NSE IFSC to come up with single derivative contracts in 15 global stocks
DSIJ Intelligence / 24 Jul 2017
A fully-owned subsidiary of the National Stock Exchange (NSE), NSE IFSC, will come up with single derivative contracts in 15 global stocks, including giants like Apple Inc, Facebook and Alibaba.
A fully-owned subsidiary of the National Stock Exchange (NSE), NSE IFSC, will come up with single derivative contracts in 15 global stocks, including giants like Apple Inc, Facebook and Alibaba.
These contracts will trade in three additional currencies, including Swiss franc and the US dollar.
July 24, 2017 is from when these new contracts will come into effect.
The new currency pairs also include the Japanese yen-US dollar and the Australian dollar-US dollar.
The 15 global stock derivatives will feature those of Microsoft, Alphabet Inc, ExxonMobil Corporation, China Mobile, Amazon.com, Johnson and Johnson, JPMorgan Chase, Wells Fargo, General Electric Company, AT&T Inc, Bank of America and Procter and Gamble Company.
There will also be day spread contracts in F&O for all these underlying — instead of two transactions to be done to roll over a contract to the next month series, it can be done as one transaction. This will bring down cost and risk of only one leg getting executed.
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