BSE inks deal with ISE to launch derivative products

Mumbai, March 15 (PTI) The Bombay Stock Exchange on
Tuesday said it has signed a licensing agreement with the
US-based International Securities Exchange (ISE) to launch
derivative products in India.
The agreement is part of the ongoing market development
efforts between BSE and Deutsche Borse Group, which includes
Eurex and ISE, the BSE said in a statement.
ISE is a wholly-owned subsidiary of global derivatives
exchange Eurex.
Under the agreement, the BSE will seek approval from the
market regulator Sebi to launch derivative products for the
Indian investors based on innovative ISE indices, as part of
BSE's Futures and Options product basket.
"We are glad to have signed this agreement with the
International Securities Exchange which is part of our
long-term strategic initiative to offer world class investment
products to investors in India," BSE Managing Director and
Chief Executive Officer Madhu Kannan said.
The BSE has a broad shareholder base that includes two
leading global exchanges, Deutsche Bourse and Singapore
Exchange as strategic partners, while ISE operates a leading
US options exchange and offers options trading on over 2,000
underlying equities, ETF, index, and FX products.
"ISE's indexes provide investors with equity-based
exposure to highly topical investment themes, including
emerging markets, widely-traded commodities and water," ISE
Head of New Product Development Kris Monaco said.