Your Most Cost-Efficient Choice for Trading USD-Denominated Nifty Exposure

E-mini Nifty 50 Index futures provide you with more efficient access to the Indian market. This product serves as a valuable tool to hedge exposure or take advantage of arbitrage opportunities, streamlining normally complex foreign investor restrictions.

Consisting of the 50 largest and most liquid blue-chip Indian companies on the National Stock Exchange of India Limited (NSE), the Nifty 50 Index is designed to be a true reflection of India’s equity market, serving the information and trading needs of interested investors, as well as index fund and index derivatives providers.

The National Stock Exchange of India Limited, located in Mumbai, is the leading stock exchange of India. NSE was established in 1992 as the first demutualized electronic exchange in the country. CME Group and the NSE have a strategic partnership based on cross-listing license agreements for benchmark U.S. and Indian equity indexes.

Key Benefits

  • Access to a growing Indian market
  • Operational flexibility
  • Dedicated market makers posting two-sided markets around-the-clock
  • Spreading opportunities against correlated contracts
  • Global availability nearly 24-hours a day on the CME Globex electronic trading platform
  • Counterparty risk mitigation through CME Clearing
  • Dedicated regional customer support teams
  • Reduced block thresholds from 250 to 50 contracts
  • Tap into more than $3B that trades daily in corresponding exchange-traded products (ETPs)
  • The lowest cost choice for managing USD-denominated Nifty exposure
  • Enjoy margin offsets of up to 50%

Margin Offsets

E-mini Nifty 50 Index futures versus

CME Globex Code

Ratio (Nifty:Other)

Margin Credit

Indian Rupee futures

SIR

5:1

45%

E-mini S&P 500 Index futures

ES

7:1

50%

E-mini FTSE Emerging Index futures

EI

3:1

50%

Nikkei 225 Yen futures

NIY

10:1

40%

Nikkei 225 USD futures

NKD

6:1

40%

E-mini NASDAQ-100 Index futures

NQ

5:1

35%

Margin offsets as of March 7, 2017. Information is subject to change.

The Mutual Offset System is a special arrangement between CME Group and the Singapore Exchange (SGX) that allows traders to take positions in eligible Index contracts at one exchange and either carry the positions or offset them at the other exchange — essentially creating one marketplace crossing different time zones. This provides you with greater trading access and convenience through the ability to manage your Nifty 50 futures trading positions and related collateral in one time zone.

Learn more about Mutual Offset System.

 Index

Correlation to Nifty 50 Index

Nifty 50

1

S&P 500

0.388

Nikkei 225

0.458

FTSE 100

0.457

FTSE China 50 (HKD)

0.642

FTSE Emerging

0.686

NASDAQ-100

0.326

Dow Jones Industrial Average

0.394

S&P 400 MidCap

0.366

TOPIX

0.451

Hang Seng China Enterprises

0.624

Hang Seng

0.655

KOSPI 200

0.578

Taiwan TAIEX

0.504

S&P/ASX 200

0.425

Data based on January 2016 - March 2017

Contract Specifications

Contract Unit $2 x NIFTY 50 Index
Minimum Price Fluctuation 0.5 Index Points ($1.00)
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with trading halt 9:30 p.m. - 10:30 p.m.

Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET
Product Code CME Globex: MNF
CME ClearPort: II
Clearing: II
Listed Contracts Four months in the March Quarterly Cycle (Mar, Jun, Sep, Dec) and two nearest serial months
Settlement Procedures Settlement Procedures
Termination Of Trading Close of trading at the National Stock Exchange of India (NSE) on the last Thursday of the month. 5:00 a.m. Eastern Time (ET).
Position Limits CME Position Limits
Exchange Rulebook CME 382
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits 
Vendor Codes Quote Vendor Symbols Listing
Settlement Method Financially Settled

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