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S&P CNX Nifty futures to be traded on CME

S&P CNX Nifty futures to be traded on CME
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First Published: Thu, Jul 15 2010. 11 57 PM IST
Updated: Thu, Jul 15 2010. 11 57 PM IST
Mumbai: National Stock Exchange of India Ltd (NSE) on Thursday announced the launch of S&P CNX Nifty Futures on the Chicago Mercantile Exchange (CME) beginning 19 July. In March, NSE and CME had announced cross-listing arrangements, under which the S&P CNX Nifty Index (Nifty 50) will be traded on CME in US dollar denominated future contracts. The size of e-mini contracts — which are electronically tradeable contracts of lower value than standard ones — will be $10 into the value of the Nifty index on that day and the e-micro contracts will be $2 into the value of the day’s Nifty index. These contracts will be traded on the CME Globex platform, providing access to participants around the world.
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First Published: Thu, Jul 15 2010. 11 57 PM IST