A day after its strategic tie-up with Singapore Exchange (SGX), the Bombay Stock Exchange (BSE) planned to list the futures trading in its benchmark index, Sensex, on the island-nation's bourse. Also in the offing is an exchange-traded fund (ETF) based on the Sensex.
Sources said the BSE was looking at launching products that are mutually beneficial to the two exchanges. "First, we need to get the regulatory approvals. Once this is done, we hope to get our Sensex futures listed on SGX," they said.
SGX announced on Wednesday that it was buying a 5 per cent stake in BSE for Rs 189 crore (Rs 1.89 billion).