India INX to start single stock F&O trading from tomorrow

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India INX to start single stock F&O trading from tomorrow

New Delhi, Apr 27 (PTI) BSE’s international exchange — India INX — will begin single stock futures and options trading in 10 companies including Reliance Industries, Infosys and TCS from tomorrow.

The other stocks are Tata Motors, Axis Bank, ICICI Bank, HDFC Bank, Larsen & Toubro, State Bank of India and Maruti Suzuki.

“India INX shall commence trading in single stock futures and options contract in 10 stocks with effect from Friday, April 28, 2017,” a BSE spokesperson said.

Single stock futures and options contract is a futures contract with an underlying of one particular stock, usually in batches of 100. No transmission of share rights or dividends occurs in it. It gives investors increased capabilities to leverage themselves within the market.

India International Exchange or India INX, a wholly-owned subsidiary of BSE, is the first international exchange to become operational at the International Financial Service Centre at the Gift City in Gujarat.

Though the rival bourse NSE too has got the licence, it is yet to kickstart operations.

India INX offers trading in index and equity derivatives as well as gold, silver and copper futures.

The exchange went live on January 16 and recorded trading volume worth USD 4,30,520 on the first day of trade.

India INX has been one of the most advanced technology platforms with a turnaround time of 4 micro seconds. It operates 22 hrs, six says a week, to allow global investors and NRIs to trade from anywhere.

This is published unedited from the PTI feed.