Mumbai: The Bombay Stock Exchange (BSE) said on Wednesday it would partner Eurex to launch derivatives products on the international derivatives exchange.
The derivatives products, which will have the BSE’s benchmark index also called the Sensex as the underlying, will commence trading on the Eurex from 4 October this year, the BSE said in a statement.
The new contracts will be denominated in US dollars and settled in cash, it said.
The Sensex tracks the daily performance of 30 of the largest and most actively traded companies listed on the BSE.
The Eurex is jointly operated by Deutsche Borse AG and SIX Swiss Exchange and is home to the euro zone interest rate and equity index benchmark derivatives.