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E-Mini Nifty and E-Micro Nifty Futures

CME Group in partnership with the National Stock Exchange of India (NSE) and Standard & Poor’s is to offer S&P CNX Nifty Futures, nearly round-the-clock trading on the CME Globex platform.The institutions now have two new ways to take part in the dynamic opportunities of the Indian stock market - E-mini and E-micro S&P CNX Nifty futures (Nifty 50 futures) which are scheduled to begin trading on Monday, July 19, 2010.

Details about the contracts :

Trading hours will be Monday-Friday, 3:30 p.m. – 3:15 p.m. the next day (except Friday, which closes at 3:15 p.m.) with a trading halt.
Sundays-Thursdays from 9:30-10:30 p.m. CDT (8:30 p.m.-9:30 p.m. CST) coinciding with the hour prior to the NSE opening.

emininifty-emicronifty

This is an interesting listing, thereby providing the Global Institutions to gain exposure to the Indian markets and also arbitrage opportunities from short-term price differences versus the Singapore SGX Nifty futures.

And will this cause any changes in NSE's Trading hours or Nifty futures trading in NSE ? One has to wait and see !

Comments

  1. Nifty futures going global !

    ReplyDelete
  2. Interesting news for traders.

    ReplyDelete
  3. Indian Investors/traders must be given facility to trade for 23 hours also...

    ReplyDelete
  4. @Janak, you are right. But it would put lot of pressure on exchanges as well as for traders. It is unlikely as of now.

    ReplyDelete

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