Sunday, May 23, 2010

Nifty trading to be launched in CME in July

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CME-Chicago Mercantile Exchange (U.S)
Scheduled to Launch Monday, July 19, 2010

CME Group has partnered with The National Stock Exchange of India (NSE) and Standard & Poor’s to offer trading institutions two smart 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) are scheduled to begin trading on Monday, July 19, 2010. http://www.cmegroup.com/trading/equity-index/emini-sp-cnx-nifty50-futures.html  

Cross-Listing Arrangement
The agreement provides CME Group with rights to create and list U.S. dollar-denominated futures contracts for trading on CME, while providing NSE with rights to create and (subject to the regulatory approval) list Rupee-denominated futures contracts on the S&P 500 and Dow Jones Industrial Average (DJIA) for trading on NSE.

CME- Chicago Mercantile Exchange (U.S) The Chicago Mercantile Exchange began in 1898 as the Chicago Butter and Egg Board, so named because it only traded contracts in butter and eggs. In 1919 it became known as the Chicago Mercantile Exchange. http://in.advfn.com/StockExchanges/history/CME/ChicagoMercantileExchange.html