Indians living in the Gulf will soon be able to trade the BSE Sensex on the UAE's Dubai Gold & Commodities Exchange, which became the first exchange in 2007 to launch a successful dollar-rupee futures contract. DGCX is likely to launch Sensex futures by March this year after completing a technology upgrade, a top exchange official told ET. An agreement licensing the Sensex was signed between BSE and DGCX in the middle of last year.
"The DGCX proposes to launch Sensex futures on its platform within the first quarter of the current year," said Gaurang Desai, chief operating officer, DGCX. "The exchange is upgrading its technology infrastructure, by moving over to a trading, clearing and surveillance system provided by Swedish group Cinnober. The technology upgrade is expected to be completed by February-end after which DGCX will launch a range of new products, including the Sensex."
Dubai bourse may launch Sensex futures in march - The Economic Times
No comments:
Post a Comment