National Stock Exchange (NSE) is set to introduce derivative trade in the FTSE 100 index, NDTV.com reports. The NSE and the FTSE Group are in advanced talks for licensing the FTSE 100 index, which comprises shares of top 100 listed companies in the U.K., to the Indian exchange.
The Securities and Exchange Board of India has already provided approval to domestic exchanges to offer trading in derivatives contracts of key indices or 24 stock exchanges from across the world. The Indian bourse already has a joint venture with Standard & Poor’s.
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