CME Group and the National Stock Exchange of India (NSE) have a strategic partnership based on cross-listing license agreements for benchmark U.S. and Indian equity indexes. Under the cross-listing arrangements:
About National Stock Exchange of India
- The S&P CNX Nifty Index (the Nifty 50), India’s leading benchmark index for large companies, has been made available to CME Group for the creation and listing of U.S. dollar denominated futures contracts.
- E-micro and E-min S&P CNX Nifty Index are now offered for trading
- These contracts are traded globally on the CME Globex electronic platform
- The rights to the S&P 500 and Dow Jones Industrial Average (DJIA) have also been made available to NSE for the creation and listing of rupee-denominated futures contracts for trading on NSE.
- Future collaborations in the development and distribution of financial products and services are also expected to take place.
National Stock Exchange of India (NSE) was established in 1993 by India’s leading financial institutions, in concert with the Government of India. It is a demutualized electronic exchange that offers trading, clearing and settlement services in a range of products covering equity derivatives, debt, and equities.
Learn more at www.nseindia.com.
The S&P CNX Nifty Index (Nifty 50)
NSE’s flagship index, the S&P CNX Nifty Index, or Nifty 50, is India’s premier benchmark index. It tracks the performance of 50 highly liquid NSE-listed blue-chip stocks accounting for 22 sectors of the Indian economy. The index is:
- Used extensively as a benchmark in fund portfolios, index-based derivatives and index funds by investors taking exposure to the Indian equities market, both in India and around the world
- Owned and managed by India Index Services & Products Ltd. (IISL), India's first specialized index company, under a licensing and marketing agreement with Standard and Poor's (S&P)