Mumbai: The National Stock Exchange will go
live with interest rate futures on August 31, an exchange
official said.
"We have received regulatory approval from the Securities
and Exchange Board of India (SEBI), the official said.
"We are working towards the launch of interest rate
futures in a few weeks," NSE Managing Director and Chief
Executive Officer Ravi Narain had said last week.
The joint committee, drawing on representatives from
the RBI and the Securities & Exchange Board of India had
finalised the nitty-gritties of the operation of interest rate
futures on the basis of the report submitted by the technical
advisory committee, formed by the Centre to create a framework
for trading on this derivative instrument.
Bureau Report
First Published: Tuesday, August 25, 2009, 23:19